Topic: Is Bitcoin better than Fiat? - page 20. (Read 4279 times)
It would be strange to hear on the Bitcoin forum that fiat is better. You won't be able to print a lot of bitcoins, as is the case with fiat money today. Thus, it saves from inflation. Banks' rejection of bitcoin is an inconvenience for many. People cannot pay for essential goods, which cannot be said about fiat. I wouldn't compare bitcoin and fiat today because they still have big differences. Therefore, today fiat works for me to spend, and bitcoin I prefer to keep and not spend as long as possible.
There is really much divergency about this question. I'm one of the Bitcoin supporters in this. Because it is the money of the future. But I also think that it won't be used as a main currency by governments because of its volatility. But Bitcoin is really helping for digital currencies to be developed by goverments to be prepared for the future.
You are comparing decentralised finance and centralized finance on the same line but in actual there is huge difference between them.One currency provides you freedom from centralized authorities and you are owner of your funds whereas in fiat government is actual owner of your funds and whenever they wish they can have them back from you.We have discussed this topic before hand on this forum many times also and all crypto enthusiast considers Bitcoin as superior currency than others.
https://bitcointalksearch.org/topic/why-cryptocurrency-is-better-than-fiat-currency-5191430
So many have debated it about it already but btc have always win the arguments in terms of security and instant global payments.
Fiat cannot be replaced completely by Bitcoin or other alts as main source of payments until the long run due to its vast network and people trust and ease of use.So both have their existence at this time.
https://bitcointalksearch.org/topic/why-cryptocurrency-is-better-than-fiat-currency-5191430
So many have debated it about it already but btc have always win the arguments in terms of security and instant global payments.
Fiat cannot be replaced completely by Bitcoin or other alts as main source of payments until the long run due to its vast network and people trust and ease of use.So both have their existence at this time.
I don't want to compare bitcoin and fiat because, for now, bitcoin and fiat have different functions in society. While people are still using fiat money, they can also use bitcoin as a new investment besides the current investment they know. If people can not open their minds to the new thing, they will say that fiat money still better than bitcoin, but if they know about the bitcoin function, they will choose bitcoin will be better than fiat.
If you can use bitcoin and still have fiat money in your country, but you can not find a local store that accepts bitcoin, you will think more about what is better between bitcoin and fiat money. It will be no problem if your country can use both bitcoin and fiat money to buy something, so you can say that bitcoin will be better than fiat because bitcoin can be your investment besides of payment system.
If you can use bitcoin and still have fiat money in your country, but you can not find a local store that accepts bitcoin, you will think more about what is better between bitcoin and fiat money. It will be no problem if your country can use both bitcoin and fiat money to buy something, so you can say that bitcoin will be better than fiat because bitcoin can be your investment besides of payment system.
The invention of Bitcoin has further exposed the hidden agenda behind regular fiat currencies and wht the centralization does to the masses and the negative part of it called inflation. I can bet you that the folks in the regular finance system in the conventional banks aren't cool with this exposure. They wanted the world to believe that their fiat is the ultimate but Satoshi Nakamoto proved them wrong.
For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
The comparison of fiat currency and cryptocurrency is a very large differentiation factor, because looking at it from angle of existence, fiat is already in existence before introduction or adoption of cryptocurrency, so now based on the popularity of cryptocurrency across the nation people still value fiat more than bitcoin, most especially old adults in the society.
If we are talking about being volatile I think cryptocurrency is one of the most than the fiat currency if you are talking about the price movement as we can see the previous year the economy down because of this pandemic and as you can see the fiat currency down and it takes a lot of months before it recovers but if you are trying to look with the crypto after a month it's already recovered the price of it in just a short time it's good feedback.
I think crypto currency is more good in investment than fiat.
I think crypto currency is more good in investment than fiat.
Still too early to tell, OP.
Though Bitcoin shows its convenience already with what you mentioned, without the use of ID verification, there are still many things to consider with it.
Even though there isn't KYC verification, we still have mining fees that some have problems at.
Speed of transaction is quite an issue to some as well unlike fiat that personal transaction done is == to transaction instantly done and concluded.
Yeah too early to tell, but based on current situation, if it comes to using it as a regular currency to make day to day transaction, then no, it is unfortunately not better than fiat. Of course the technology behind crypto currencies is very innovative and impressive, there are still some drawbacks that are making crypto inferior when compared to fiat. We all know fiat is BS, but this is what everyone is using due to its flexibility and mass people have accepted it. Though Bitcoin shows its convenience already with what you mentioned, without the use of ID verification, there are still many things to consider with it.
Even though there isn't KYC verification, we still have mining fees that some have problems at.
Speed of transaction is quite an issue to some as well unlike fiat that personal transaction done is == to transaction instantly done and concluded.
Like you said, transaction speed and mining fees along with few other things are what is making crypto less attractive when compared to fiat (talking about small transaction).
Is BTC better than fiat?It depends on what you are using it for.
I would say BTC+altcoins have become more similar to digital fiat,due to the KYC policies,which are required,if you want to use a crypto exchange platform or if you just want to buy cryptocurrencies.
Nowadays crypto exchange platforms look exactly like the fiat FOREX trading platforms.The only difference between crypto and digital fiat is the price volatility and the potential profits you are going to make.
If you comparing keeping BTC in your own cold wallet with keeping fiat money in a bank account,I would say that keeping BTC is definitely a better option,despite the fact that bank deposits are guaranteed by the state(to a certain amount).
I would say BTC+altcoins have become more similar to digital fiat,due to the KYC policies,which are required,if you want to use a crypto exchange platform or if you just want to buy cryptocurrencies.
Nowadays crypto exchange platforms look exactly like the fiat FOREX trading platforms.The only difference between crypto and digital fiat is the price volatility and the potential profits you are going to make.
If you comparing keeping BTC in your own cold wallet with keeping fiat money in a bank account,I would say that keeping BTC is definitely a better option,despite the fact that bank deposits are guaranteed by the state(to a certain amount).
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Still too early to tell, OP.Though Bitcoin shows its convenience already with what you mentioned, without the use of ID verification, there are still many things to consider with it.
Even though there isn't KYC verification, we still have mining fees that some have problems at.
Speed of transaction is quite an issue to some as well unlike fiat that personal transaction done is == to transaction instantly done and concluded.
I still prefer for fiat, but if your asking me from another point of view like "Investing" maybe you already know bitcoin is the best.
In my country i cannot use bitcoin for my daily needs, so i will prefer for fiat.
I do prefer fiat too because bitcoin is not still a niche subject in my country so I will have a hard time looking for businesses that accepts bitcoin and I will look like an asshole if all I talk about is bitcoin, when it comes to investing, I think that both things are best that is if you know where to invest it in, I mean you can have a steady passive income stream by investing in Index Funds. In my country i cannot use bitcoin for my daily needs, so i will prefer for fiat.
I still think that bitcoin is better than fiat. There are some countries which print money regardless the amount of gold in their country, it makes inflation which make some people poor. Although the price of bitcoin is still volatile but I am sure that someday it price can be more stable and people can use bitcoin comfortably. There are many new experts in world business such as Elon Musk who get involved in bitcoin so I think Bitcoin is better than fiat, it is proven by those businessman who bought bitcoin it is mean that bitcoin is something worthy.
I still prefer for fiat, but if your asking me from another point of view like "Investing" maybe you already know bitcoin is the best.
In my country i cannot use bitcoin for my daily needs, so i will prefer for fiat.
In my country i cannot use bitcoin for my daily needs, so i will prefer for fiat.
Which is better it depends on use and your need. If you going shopping for your family from offline markets where Bitcoin isn't accepted, then you have to use fiat. There is no alternative and you have to admit here fiat is better. But when you need to send money out of your country then it's easier to send through Bitcoin. So in that case you have to admit Bitcoin is better. This is a Bitcoin forum and most of the users here support Bitcoin. But as I told still world needs fiat. We can't totally remove fiat for various reasons. Not sure what will happen after 100 years.
For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
Bitcoin is better there is little doubt about it and it is because of this governments are so nervous about this, they did everything they could to cheat their citizens out of the gold standard and while many think bitcoin will win in the end what is it going to stop the governments from cheating people from their bitcoin in the same way? The next decades are going to be interesting as I think we could begin to see central banks getting bitcoin and maybe even trying to back their currencies with bitcoin in order to lure people to them once again. What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
For the first time in history, money is separated from the state.
I'm not doing any research but I guess there's a handful in the past, or even now, although not as large-scale as Bitcoin. Even in my country, I heard of a community which uses its own money which is not in any way acknowledged, much less sanctioned, by the state.
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Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world.
I am truly curious, did Satoshi ever mention, even in passing, of creating Bitcoin for financial inclusion of everyone anywhere in the world?
Anyway, with Bitcoin comes a number of prerequisites. With fiat's cash there is none. So in this respect, fiat is better than Bitcoin.
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What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
As already mentioned above, Bitcoin is better than fiat in certain aspects. So that's mutual. Fiat is also better than Bitcoin in certain aspects.
yes. as is known, dollar has been fighting for the position of fiat and many wars were launched by the US to protect its fiat status. now, dollar is getting defeated by bitcoin and blockchain, which is very pleasant. if there is fiat, then American will spare no effort to win 
so bitcoin, to some extent, saved some violence and dispute. thanks to Satoshi 
so bitcoin, to some extent, saved some violence and dispute. thanks to Satoshi 
Fiat and bitcoin are both usable in our daily lives, in short those two are good if we use it at the same time, like using bitcoin we can make fiat to support our daily need to survive, to provide the needs of our family.
About your topic title "is bitcoin better than fiat?" my answer is no, because those two have advantage and disadvantages, like bitcoin is not suited for peer to peer transaction, like if you're going to buy something in the department store you need fiat for that so fiat is better than bitcoin in that situation but bitcoin is good for online investment, or suitable for online transaction.
About your topic title "is bitcoin better than fiat?" my answer is no, because those two have advantage and disadvantages, like bitcoin is not suited for peer to peer transaction, like if you're going to buy something in the department store you need fiat for that so fiat is better than bitcoin in that situation but bitcoin is good for online investment, or suitable for online transaction.
Of course bitcoin better than Fiat. But it has some limitations also because transactions in bitcoin has no definite documents and no deed of valid. I think it bitcoin transactions documents could possible then all countries globally accepted Bitcoin undoubtedly.
Yes, bitcoin and fiat has advantages to each other in different aspects but I rather transact using Bitcoin when it comes to a sum of money as the transaction fee is too high compare to what it is used to be. There's also a definite reason unto why Bitcoin isn't accepted globally such as the anonymity of every users on bitcoin which can easily lead to illegal activities. Bitcoin is better than fiat when it comes to international transactions as sending funds isn't an issue whether it's a high or a low amount of transaction. It also has security measures especially to the user's identity as it's rather hard to track to. But just as I said, I would rather not transact with a small amount due to fees. Also the volatility of bitcoin makes me think of it as a digital asset rather than a currency, I also think that it's one of the reason why it won't be used as a international currency. We might see currency be digitally soon but it won't be bitcoin but a stablecoin such as USDT or BUSD.
Of course bitcoin better than Fiat. But it has some limitations also because transactions in bitcoin has no definite documents and no deed of valid. I think it bitcoin transactions documents could possible then all countries globally accepted Bitcoin undoubtedly.
Actually I think they both have some unique ideas and way of doings. We all know that bitcoin and other cryptos are definitely a unstable or very volatile. We do actually see this as a positive side because it has a very negative effect on us and in our some investments. We can say that this idea is a negative yet we still engage to go into because we see some possibilities and opportunities. This kind of idea are different from our long and still using fiat moneys. They both have same purpose of use but different ideas.
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