Don't forget even a marketplace or stores accepting Bitcoin as payment, you're paid the stuff based on fixed USD price not in BTC. Because if the stuff's price is fixed in BTC, it will be hard for people to determine how much the price of satoshi is... unlike USD even though inflation always increase. You still need one currency as a global currency where the price is pretty much stable. I don't see USD could be replaced with BTC in the current situation right now.
I completely agree with your opinion, for now btc cannot replace fiat, even though you enter a restricted area because this is a btc forum, but fiat currency is a currency that is used by everyone, and all investors and rich people still use currency fiat money for their needs, and their business, although every year there is always inflation but fiat currency is still the main choice, but I really believe that one day btc will definitely be needed by everyone, just like people need fiat currency. 
Topic: How Fiat Will Always Be The Norm - page 2. (Read 820 times)
The problem with your premise is that there are countries that choose not to have a fiat currency. Many countries use USD as their currency, and USD is a hard currency to them because they have no control over it.
And what are these countries?Something I don’t know of a single state that, being independent, used the currency of another country, even if it is the US dollar.
the crypto system will not work in a way that it will wipe out fiat, many people are looking for it to happen this way and i dont think thats the way it will work, fit has been fully incorporated into the world economy so it might take eternity to replace it . the simple important thing is to have a system that will accept bitcoin lets say for normal payment means and let it roll by side of fiat. at a point many would prefer bitcoin usage and things will move from there. this is also kind of difficult but its possible because of the centralized system that the feds and every government are used which will be difficult with bitcoin. we are improving to be honest, but might just take more time than normal only if big institution rise and give open support to make things faster.
Fiat will always be the option of those people who didn’t want to adopt change, but as we see now bitcoin already popular and even those who didn’t believe in it already believes now and even invest on it. We can’t eliminate fiat no matter what happen since it’s universal and easiest to use with no internet and technicalities needed but if we want something that can be also a investment at the same a way of doing transactions then crypto or bitcoin should be adopted already and use.
We are not all tech savvy which its understandable and its true that people who had been born on high tech era would be most likely able to adapt on whats new in speaking with innovation which is relate to it which
its really normal that they would rather stick out on traditional ones as they do find out that crypto is too technical for them to understand which is something not surprising or very common in some communities or
places thats why people would be always preferring fiat and also in speaking with volatility then people would freak out if they do saw their money is decreasing.
The famous Z generation grew up with bitcoin, I know some of them from telegram and I can tell you that not only they are familiar with crypto, they are in fact quite well adapted to it. The main reason for this is the fact that they lived only in a world where crypto existed.its really normal that they would rather stick out on traditional ones as they do find out that crypto is too technical for them to understand which is something not surprising or very common in some communities or
places thats why people would be always preferring fiat and also in speaking with volatility then people would freak out if they do saw their money is decreasing.
Even the oldest Z generation person who lives ends up learning about it as early as 10 years old, probably later but at the end of the day they only lived in a world where crypto existed. Since time is a linear thing, we all will die, and eventually Z generation will be the oldest generation by population, which means that the world will live in a era where everyone lived ONLY in the crypto era.
1. There are people who do no find any problem with the fiat. They don't know and neither will they agree that fait is a major cause of inflation. These people do not bother themselves much about what the economy is all about and where it is heading to. This set of people trust the government to the later and they don't see any reason to stop trusting the government.
They simply trust the government because it's convenient. It deducts a LOT of hassle to have a centralized party handle all the matters with regards to legality or whatnot imo. It's like stepping that steps 2-9 and only needing to do step 1 and step 10 to finalize a transaction. It's convenient, yes, but it also reduces the amount of control you have (which is what crypto can do, unlike fiat). And honestly, I just think that the average user of fiat has more urgent problems to concern them than thinking of inflation/economy stuff (that they probably don't know much about even). ~
anything is possible, just as Crypto could become part of the mainstream. it's only a matter of time, but for now FIAT is still the most important. Fiat is also present in digital form and it also makes transactions easier, but inflation is a problem that continues to occur on this earth.Fiat and crypto are still side by side. If massive adoption happens to bitcoin I think Fiat will still survive.
At what point did bitcoin arise, why does the idea of bitcoin continue; it was a direct response to the global collapse of 2008 (financial crisis).
We seem to forget "why," yes it is true that it is an asset that has value, if it is true that it is a technology that works, etc. but the norm is still being set by the same abusers, criminals, villains... bitcoin could become something of that which you mention, the norm, but if these parasites that govern do not change their way of thinking, the collapse would always be cyclical.
We seem to forget "why," yes it is true that it is an asset that has value, if it is true that it is a technology that works, etc. but the norm is still being set by the same abusers, criminals, villains... bitcoin could become something of that which you mention, the norm, but if these parasites that govern do not change their way of thinking, the collapse would always be cyclical.
Crypto could take over fiat, but fiat's strengths are it's trust and interoperability. Right now it's the easiest method to use, and that could be the very reason people end up using it as their main currency. Crypto payments are still not fully understood by many companies, and they aren't integrated into existing processes and systems. Bitcoin still isn't used enough which means it's still not a great solution for commerce, and fiat is the only widely accepted payment method around.
You just need to accept the fact that as long as there are states, their currency will also exist. Moreover, even when states as a form of social order fall apart, fiat is still likely to exist in a slightly modified form. It is assumed that our world will soon be ruled not by states, but by powerful corporations. But they will also have their own currency and it will not differ much from the currencies of states. Cryptocurrency is almost not vulnerable technologically, but its circulation in society will always be regulated by a political superstructure - states or another form that can replace them. Cryptocurrency will always be in demand by a part of society, but fiat will always be more powerful because it will always be protected.Not necessarily. It might be better to say that some states’ currency will exist. Have you ever heard of monetary unification? Besides, this topic is not about whether state-issued fiat currencies will exist or not, but whether fiat will always be the norm.
And, what do you mean by the notion that cryptocurrency circulation in society will be regulated by a political superstructure? This is true for fiat, but not for cryptocurrencies.
the crypto system will not work in a way that it will wipe out fiat, many people are looking for it to happen this way and i dont think thats the way it will work, fit has been fully incorporated into the world economy so it might take eternity to replace it . the simple important thing is to have a system that will accept bitcoin lets say for normal payment means and let it roll by side of fiat. at a point many would prefer bitcoin usage and things will move from there. this is also kind of difficult but its possible because of the centralized system that the feds and every government are used which will be difficult with bitcoin. we are improving to be honest, but might just take more time than normal only if big institution rise and give open support to make things faster.
Fiat is the best tool for the government to control us, how would they control us without fiat. I never thought this scenario would happen, the government would never let fiat disappear. Certainly in the future cryptocurrency will be widespread and accepted, but the government will make regulations and regulate it.
The fact is that fiat is still very good in our lives, the use of cryptocurrencies is not always convenient for us. Do you want to pay for a coffee in bitcoin where the transaction fee could be more expensive than what you pay for that coffee?, fiat would be a better choice than crypto in this case.
This is what will definitely happen, we know that Fiat is still in control right now, especially for our lives because it still can't be freed from it because as you said Fiat will still exist and will continue to exist until whenever. Crypto is an option but this option will only happen if the government allows it and it definitely goes back to the regulations they set in it.The fact is that fiat is still very good in our lives, the use of cryptocurrencies is not always convenient for us. Do you want to pay for a coffee in bitcoin where the transaction fee could be more expensive than what you pay for that coffee?, fiat would be a better choice than crypto in this case.
I think that if we are already aware of this when we don't like fiat, it's also useless because even if we don't like it, it doesn't mean we can get away from them because this is an impossibility now.
Crypto could take over fiat, but fiat's strengths are it's trust and interoperability. Right now it's the easiest method to use, and that could be the very reason people end up using it as their main currency. Crypto payments are still not fully understood by many companies, and they aren't integrated into existing processes and systems. Bitcoin still isn't used enough which means it's still not a great solution for commerce, and fiat is the only widely accepted payment method around.
You just need to accept the fact that as long as there are states, their currency will also exist. Moreover, even when states as a form of social order fall apart, fiat is still likely to exist in a slightly modified form. It is assumed that our world will soon be ruled not by states, but by powerful corporations. But they will also have their own currency and it will not differ much from the currencies of states. Cryptocurrency is almost not vulnerable technologically, but its circulation in society will always be regulated by a political superstructure - states or another form that can replace them. Cryptocurrency will always be in demand by a part of society, but fiat will always be more powerful because it will always be protected. 
One day the fiat currencies will disappear and the cryptocurrency will run the world economy. Then there will be no money to hold hands. And I think it will happen soon, although most people around the world are still ignorant about it, but the cryptocurrency issue is spreading like wildfire. And if its benefits reach the common man in this way then the days of fiat currencies will be over soon and the era of cryptocurrency will begin
Fiat is the best tool for the government to control us, how would they control us without fiat. I never thought this scenario would happen, the government would never let fiat disappear. Certainly in the future cryptocurrency will be widespread and accepted, but the government will make regulations and regulate it.
The fact is that fiat is still very good in our lives, the use of cryptocurrencies is not always convenient for us. Do you want to pay for a coffee in bitcoin where the transaction fee could be more expensive than what you pay for that coffee?, fiat would be a better choice than crypto in this case.
Fiat is a Norm but it is not very certain that fiat will continue to be the norm.
Reasons why fiat is the Norm
1. There are people who do no find any problem with the fiat. They don't know and neither will they agree that fait is a major cause of inflation. These people do not bother themselves much about what the economy is all about and where it is heading to. This set of people trust the government to the later and they don't see any reason to stop trusting the government.
2. There are people who do not understand or know about cryptocurrencies. We should sti agree that crypto is a new technology and a new financial order. It does not matter if it has lasted for more than a decade. Since it is not widely accepted, it can be called a new technology. For the people who are not aware of crypto or who are aware but don't know how to go about it. Fiat is the norms.
3. The civil servants and the public servants receive their payments, gratuity and everything in fiat and when they go for loan they recieve the money in fiat. So fiat is like a culture to them. You can hardly change it.
Reasons why fiat is the Norm
1. There are people who do no find any problem with the fiat. They don't know and neither will they agree that fait is a major cause of inflation. These people do not bother themselves much about what the economy is all about and where it is heading to. This set of people trust the government to the later and they don't see any reason to stop trusting the government.
2. There are people who do not understand or know about cryptocurrencies. We should sti agree that crypto is a new technology and a new financial order. It does not matter if it has lasted for more than a decade. Since it is not widely accepted, it can be called a new technology. For the people who are not aware of crypto or who are aware but don't know how to go about it. Fiat is the norms.
3. The civil servants and the public servants receive their payments, gratuity and everything in fiat and when they go for loan they recieve the money in fiat. So fiat is like a culture to them. You can hardly change it.
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One day the fiat currencies will disappear and the cryptocurrency will run the world economy. Then there will be no money to hold hands. And I think it will happen soon, although most people around the world are still ignorant about it, but the cryptocurrency issue is spreading like wildfire. And if its benefits reach the common man in this way then the days of fiat currencies will be over soon and the era of cryptocurrency will begin
However, the majority of the population are not willing to do this and still only see FIAT as the main money system.
Yes, because basically FIAT is the first payment/exchange instrument they know, especially for parents who are not in the millennial era above 2000, which indirectly civilization in 2000 and above has followed the times and thecnology
its really normal that they would rather stick out on traditional ones as they do find out that crypto is too technical for them to understand which is something not surprising or very common in some communities or
places thats why people would be always preferring fiat and also in speaking with volatility then people would freak out if they do saw their money is decreasing.
However, the majority of the population are not willing to do this and still only see FIAT as the main money system.
Yes, because basically FIAT is the first payment/exchange instrument they know, especially for parents who are not in the millennial era above 2000, which indirectly civilization in 2000 and above has followed the times and thecnology
I don't think Fiat will always be the norm. It is so right now becayse old man are still in power and unwilling to give it up. A few politicians control the fate of millions. It's the same kind of governments all around the world. Politicians first think about themselves and only later about the ordinary people. It would be good for society if crypto currencies would be playing a bigger role, but for that to happen fiat money needs to lose some power. The problem we face with switching to a more independent financial system is that governments would need to act more prudent and couldn't keep issuing new debt every year. Unfortunately politicians are not willing to make that sacrifice yet. Maybe in 10-20 years we will have a new area of more open minded politicians.
Most of the present politicians are still fiat centered and they stay in their position to keep on taking advantage on fiat. So if you were in their position, they would not really want to replace fiat with other currency since they can totally control fiat. However, if new mindset of politicians will be in the position in the future, for sure crypto will be very much welcome as these politicians will now think the welfare of the people, and not for their own's welfare. 
Aside from those people who don't give any care on the existence of cryptocurrency, there are also people around the world that don't even know what is a cryptocurrency or they haven't met that word before and people like that usually lives in 3rd world countries or beyond that who only knows about fiat and nothing else. They cannot even afford to buy phones to keep up with the technology advancement of the world. How would they keep up if they cannot even afford to eat a full meal 3x a day.
That is why we are lucky to know about this existence and we should not be selfish about this knowledge, also it is ideal that we have to keep those people informed so that they can also avoid the inflation and carry the will of SN.
I am sure that the amount of people who do not know what a cryptocurrency is, not even heard of it or anything like that is not really a big percentage of the world. I agree that the amount of users could be low compared to anything else, but the amount that didn't even hear about it could be very low.That is why we are lucky to know about this existence and we should not be selfish about this knowledge, also it is ideal that we have to keep those people informed so that they can also avoid the inflation and carry the will of SN.
Even in the small isolated tribes people have heard about crypto at this stage, there is a big difference between users and people who heard of it though. Just because 90%+ knows about it, doesn't mean 90%+ uses it, maybe like 90%+ heard about it but 10%+ ever bought it. That difference could get closer and closer eventually which would help us.
This is all part of money management, financial year GDP, how country is doing economically and fundamentally. Government needs to print money to fulfil common man’s terms and benefits which they promised through different contracts, government schemes and much more. They have to look after hundreds and thousands of problems throughout the nation. I don’t think direct blame shall be put on the shoulder of government. Because as far as economics is considered huge number of people do not even pay their taxes. So inflationary situation is just mixed up stuff from us, from government etc.
It creates more control for the people of their money when they own and hold the keys of their cryptocurrency but this is something hardly done by anyone.
This is not true. The majority chooses to leave cryptos on exchanges, because they don't care about the cryptos at all; they're just buying and selling for profit.Most of those who use bitcoin for its main purpose, which is paying in cash online, cannot leave their money in centralized exchanges as it circumvents the most significant principle; self-custody. Furthermore, lots have switched to buying and selling using a decentralized exchange, instead.
I do agree with you here but the question still remains, how many even if not our daily regular needs store accepts Bitcoin? people will still result for paying or using Fiat currency and from your statement, most Bitcoin investors see it as a profit-making avenue, including the now many institutional investors like the Wall street Boys who are quick to dump any time there is some sort of FED news because they are treating Bitcoin like stocks now.
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Also the media, corporations and governments are still successful in making everyone use FIAT regardless of the inflation that is happening. Come to think on it, people do not see that fiat is the cause of inflation at all.
Fiat money are the legal tender in all countries around the world.The people and the companies are required by the law to use fiat money in their transactions(and to pay taxes).It's not about having a choice of which payment method to use or something.
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More and more inflation is happening with more money being printed all the time. Yet people still demand more services from the government which creates more money to be printed and more inflation.
You are generalizing too much.I don't know about anyone demanding more government services.There's nothing wrong with the government wanting to provide more services to the people.
The real problem is the budget deficits and the money printing,which is being encouraged by many governments.
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Many people just do not understand that they are encouraging inflation. All these factors play in the role that fiat is here to stay. People just don’t see the problems of fiat nor able to see the benefits of crypto.
Nobody is encouraging inflation.The people simply have no choice,but to use fiat money.
I don't see cryptocurrencies as a 100% protection against inflation.
Inflation in my country is 12.5% and going up,but the Bitcoin price stays at 40K USD and it isn't moving anywhere.The same thing applies to all the altcoins.Do you think that this actual protection against inflation?
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