Just my own thoughts - page 2. | Bitcointalksearch.org

Mahanton

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Quote from: Silberman on February 21, 2022, 02:16:39 PM

Quote from: Zlantann on February 19, 2022, 02:46:17 AM

Quote from: Charles-Tim on February 07, 2022, 06:44:47 AM

Bitcoin is decentralized, fiat are centralized, no room for competition than being alternatives. Bitcoin was created for privacy and decentralized purpose but most people using bitcoin nowadays are using it for its appreciative and speculative value, what fiat can not provide than to continually be devaluated. Not only that CBDCs are centralized, they are fiat, not a substitute but alternative just as fiat.

Cryptocurrencies have no alternative. If it not decentralized then it had lost its uniqueness and beauty. The reason for the rise in the popularity of Bitcoin is because of its security and decentralization. If you want to kill the Bitcoin (unlikely), kill its uniqueness.

And that is never going to happen, we just need to look at the coins that are being released by centralized governments and they are a complete joke, they want to convince us to go back to fiat with a coin that is even worse than the current fiat, it shows clearly how those parasites never had to work a single day of their lives, because any business owner knows that in order to become successful they need to appeal to their customers, and a coin that is even worse than fiat is not going to make people like us use those coins when we have bitcoin available.

There would really be in having that separate kind of view and perception in between fiat and crypto as always even though some are really that optimistic with crypto but there
are still whom do love to stick out with traditional things and trust them no matter what which i couldnt really blame them off because this is how things do work.
We've sticking on things that we do get used to and if there are some alternatives or new things to involved with then this is the time we do make out some
choice or neither deal on both things.

Silberman

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Quote from: Zlantann on February 19, 2022, 02:46:17 AM

Quote from: Charles-Tim on February 07, 2022, 06:44:47 AM

Bitcoin is decentralized, fiat are centralized, no room for competition than being alternatives. Bitcoin was created for privacy and decentralized purpose but most people using bitcoin nowadays are using it for its appreciative and speculative value, what fiat can not provide than to continually be devaluated. Not only that CBDCs are centralized, they are fiat, not a substitute but alternative just as fiat.

Cryptocurrencies have no alternative. If it not decentralized then it had lost its uniqueness and beauty. The reason for the rise in the popularity of Bitcoin is because of its security and decentralization. If you want to kill the Bitcoin (unlikely), kill its uniqueness.

And that is never going to happen, we just need to look at the coins that are being released by centralized governments and they are a complete joke, they want to convince us to go back to fiat with a coin that is even worse than the current fiat, it shows clearly how those parasites never had to work a single day of their lives, because any business owner knows that in order to become successful they need to appeal to their customers, and a coin that is even worse than fiat is not going to make people like us use those coins when we have bitcoin available.

wxa7115

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Quote from: Gozie51 on February 15, 2022, 12:34:34 PM

Quote from: wxa7115 on February 15, 2022, 12:27:42 PM

.

Then they are going to argue their coins are better because they have the ability to get back the funds that are stolen by hackers and scammers and this will attract people to those conis, but for people like us that know the truth we will not be interested in their coins, so this changes nothing at all.

No government won't have to argue that their coin or fiat is better because the two are both different and on different functions or purpose. You can't compare both. Bitcoin being an asset can be used as exchange too , you can hodl bitcoin for longer time with hope to get multiple in your hodling investment. Bitcoin is about decentralised system that can't be monitored or stopped, the freedom of which you the user should protect himself, you are having and taking charge of yourself by keeping your security code safe, that is freedom.

It seems my point did not come across, of course I know that their centralized coins and bitcoin are nothing alike, however the average person is not going to know this information and the governments are going to lie about it to try to make people adopt their coin instead of bitcoin.

That is the problem, and since most people just accept whatever they are told by the governments and mainstream media then they are going to think those coins are better than bitcoin, even if people like us try to warn them this is not the case.

Smartvirus

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Quote from: Charles-Tim on February 07, 2022, 06:44:47 AM

Bitcoin is decentralized, fiat are centralized, no room for competition than being alternatives.

That's just the answer, it's how simple it could get. As exclusively alternative pairs, giving people the leverage of choice. Bitcoin operates on freewill and any attempt to hinder this or lead to any form of monopoly on the system would lead to a backdrop on the system. Little wonder why Satoshi Nakamoto left or the number of bitcoin that might have been owned by this figure should he or she or body own any, remains unknown even up to this present day.
So, there has to be two sides to money and how it's used. A centralized fiat and decentralized in cryptocurrency (Bitcoin) could be the answer.

CryptopreneurBrainboss

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Quote from: darewaller on February 20, 2022, 08:40:34 AM

But do you believe many of those metamask users aren't doing so because they believe in non-custododial wallet, they are only having metamask wallet because the trends they intend participating in required them to make use of metamask and many of them them have multiple accounts so don't just be too happy about the numbers. When comparing between decentralized service providers with that of centralized service, the centralized services are miles ahead.

Quote from: BitKongy on February 07, 2022, 06:35:20 AM

we all know that CBDC will run on the blockchain too but in centralised form so where those this leave Bitcoin?

The CBDC are just a way of the government trying to distract us from using Bitcoin, they never intend CNDC to replace the traditional fiats. They know with the CBDC been introduced, they'll be able to get some merchant to accept CBDC instead of Bitcoin there by slowing down the adoption rate of Bitcoin but all their plans will fail.

darewaller

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Quote from: Charles-Tim on February 19, 2022, 02:53:29 AM

the majority of people using bitcoin recently is because of its value, bitcoin price has been appreciating over time, it is an appreciative asset, that is why people are using it. Many people are using centralized wallets and exchanges today and do not know about noncustododial wallet or decentralized exchanges, they use what they heard from friends or what hey googled online.

Take it also or you leave it, bitcoin is an alternative to fiat, it can be used for means of exchange, but it is unique and more of an asset which helps in its adoption.

The best is to have full control, making use of noncustododial wallet and exchanges, but I just used this to explain what is actually happening as people are using bitcoin just like novices.

I believe that with around 20+ million active users per month, Metamask could argue that you are wrong. I am not saying that there are no people who do not know about non-custodial wallets, of course there are still plenty of people who do not know what that is, but the reality is that "majority" of the crypto world use metamask and similar stuff. That is why I believe that we should not be really considering people are not aware of it. Sure, there are still a lot of money in the big exchanges, but that doesn't mean that those people are all unaware of metamask, they are aware and still put money in there, like I have a metamask but I also put my money on binance as well, I just feel it is better there.

pressing207

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This is the first time I've heard such nonsense about bitcoin decentralization. There is not and will not be a more centralized coin. Perhaps you don't understand the terms?
The POW consensus algorithm is initially doomed to centralize the strongest miners sooner or later.
People who think that the price of bitcoin will tend to infinity because of the limited issue... This is ridiculous.

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If you don't like centralized platform then better not use it. You may think that the centralized platform is good because of its features but don't forget that decentralized platform could have that kind of feature too so if you don't like centralized platform then better stick to decentralized ones. Nothing will lose from you if you won't use centralized platform since there are other sites or platforms like that but decentralized.

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Quote from: Zlantann on February 19, 2022, 02:46:17 AM

Cryptocurrencies have no alternative. If it not decentralized then it had lost its uniqueness and beauty. The reason for the rise in the popularity of Bitcoin is because of its security and decentralization. If you want to kill the Bitcoin (unlikely), kill its uniqueness.

I disagree to that, the majority of people using bitcoin recently is because of its value, bitcoin price has been appreciating over time, it is an appreciative asset, that is why people are using it. Many people are using centralized wallets and exchanges today and do not know about noncustododial wallet or decentralized exchanges, they use what they heard from friends or what hey googled online.

Take it also or you leave it, bitcoin is an alternative to fiat, it can be used for means of exchange, but it is unique and more of an asset which helps in its adoption.

The best is to have full control, making use of noncustododial wallet and exchanges, but I just used this to explain what is actually happening as people are using bitcoin just like novices.

Zlantann

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Quote from: Charles-Tim on February 07, 2022, 06:44:47 AM

Bitcoin is decentralized, fiat are centralized, no room for competition than being alternatives. Bitcoin was created for privacy and decentralized purpose but most people using bitcoin nowadays are using it for its appreciative and speculative value, what fiat can not provide than to continually be devaluated. Not only that CBDCs are centralized, they are fiat, not a substitute but alternative just as fiat.

Cryptocurrencies have no alternative. If it not decentralized then it had lost its uniqueness and beauty. The reason for the rise in the popularity of Bitcoin is because of its security and decentralization. If you want to kill the Bitcoin (unlikely), kill its uniqueness.

ChiBitCTy

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I am personally of the opinion that bitcoin should be used or needs to be used as a currency in order for it to succeed over the course of time. Of course that means needing to succeed versus fiat currency in some fashion. The decentralized aspect does give it a huge leg up but not sure if it’s enough.

jhonjhon

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Quote from: The Sceptical Chymist on February 07, 2022, 10:28:23 AM

Quote from: Alisha-k on February 07, 2022, 09:09:55 AM

What people fail to understand is that Fiat cannot overthrow Bitcoin and vice versa, they're both made for their own purposes even though the compliment each other

It's a ridiculous statement, because crypto is primarily an investment, not a currency (although it certainly can be used as one).

The primary reason why bitcoin is made,so that it can be used as a payment between to people over the internet or lets just say peer-to-peer transactions. Which means no banks are involved. And investment is just a secondary option..

Quote from: Cling18 on February 17, 2022, 12:44:51 PM

Quote from: BitKongy on February 07, 2022, 06:35:20 AM

They are comparing the two different currencies because they believe that Bitcoin could replace fiat in the future where in fact, replacing it isn't necessary because Bitcoin as a decentralized currency could be used differently.

Yah thats true, bitcoin and fiat has its own uses.Bitcoin is highly volatile to be used as universal currency..People are just overthink that fiat can be replaced by btc.

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Quote from: stepwilli on February 16, 2022, 01:25:33 PM

Uhhn, this is a problem for a lot of people, and I don’t get why they really see it as a problem. It’s either that you are seeing people who wants cryptocurrency to replace Fiat entirely, or you see those who wants fiat to replace cryptocurrency. But, these two can coexist together, and people would be free to make use of whatever currency they would like to make use of, whether it is Fiat or Bitcoin, without having any problem.

But, some of these people find it hard to understand it is not a battle of currencies, it’s all about choice. people should be free and given that freedom to make use of whatever they want to make use of.

That would be great but the ones that have an antagonistic view are the politicians, fiat is one of their most powerful weapons, and this is because they can use inflation to steal the wealth of their citizens, think about it, if they created a tax then there is a lot of ways for that tax to be avoided and as such it is an ineffective measure, but if they print money then every single piece of money is affected by it, however bitcoin protects you from this and if anything it helps you out as bitcoin outpaces inflation, and as such they consider bitcoin to be an enemy that is to be beaten if they want their fiat to keep the same effect.

Cling18

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Quote from: BitKongy on February 07, 2022, 06:35:20 AM

Bitcoin is fully decentralized which is why I think it doesn't have to compete with Fiat at all, those who needs the decentralized idea should just keep using BTC as it is, we all know that CBDC will run on the blockchain too but in centralised form so where thus this leave Bitcoin?

They are comparing the two different currencies because they believe that Bitcoin could replace fiat in the future where in fact, replacing it isn't necessary because Bitcoin as a decentralized currency could be used differently. We only need more crypto adoption but Bitcoin could function even with the continuous existence of fiat.

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Quote from: molsewid on February 17, 2022, 10:30:19 AM

We have our different wants about cryptocurrency either some wanted it to replace fiat or someone would want the other way around but yeah this kind of wants of other people do making it more complicated because, I, myself I do wanted to have them both coexisted and functioning well. I just do hope that we should see these two currency existed on their own means, uses and importance because it is so impossible that crypto will replace fiat and the same goes with fiat to crypto right. Let's just enjoy the benefits of the existence of these two currencies.

So far I don't think that bitcoin is ready to replace fiat in fact its adoption has increased tremendously since bitcoin was introduced to the world. Bitcoin still has some flaws and still needs some improvement where the main thing I think about is scalability and fluctuating transaction fees when the mempool is very congested.

But to be honest, I would prefer bitcoin over fiat if my country's government had legalized it as legal tender. Transaction security as well as the privacy it allows are other factors that favor bitcoin better than other centralized financial systems. But as long as the government has not ratified it as currency then I will not violate it.

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Well at the end of the day we still have to report our taxes to the nation where we breath. That’s the whole and sole problem living in this world. It’s free, but it’s not completely independent.

It’s true that as long as you trade and invest from bitcoin to bitcoin or bitcoin to other coins then no one knows you hold it. However at some point if you wanna buy bitcoin then you have to star with fiat.

So we can’t help it, as we are part of the system.

molsewid

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Quote from: Fatunad on February 16, 2022, 04:20:09 PM

People do really love on being that complicated when it comes to things just like been mentioned above that we shouldnt really stress out ourselves.They could both co-exist
which we are currently seeing now and its not really that need for us to mind off that much on what would be particular things which needing for it to be attained.
Crypto cant replace fiat but doesnt mean that its existence isnt relevant and now we are cherishing actually its usage and benefits.

We have our different wants about cryptocurrency either some wanted it to replace fiat or someone would want the other way around but yeah this kind of wants of other people do making it more complicated because, I, myself I do wanted to have them both coexisted and functioning well. I just do hope that we should see these two currency existed on their own means, uses and importance because it is so impossible that crypto will replace fiat and the same goes with fiat to crypto right. Let's just enjoy the benefits of the existence of these two currencies.

Fatunad

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Quote from: stepwilli on February 16, 2022, 01:25:33 PM

Uhhn, this is a problem for a lot of people, and I don’t get why they really see it as a problem. It’s either that you are seeing people who wants cryptocurrency to replace Fiat entirely, or you see those who wants fiat to replace cryptocurrency. But, these two can coexist together, and people would be free to make use of whatever currency they would like to make use of, whether it is Fiat or Bitcoin, without having any problem.

But, some of these people find it hard to understand it is not a battle of currencies, it’s all about choice. people should be free and given that freedom to make use of whatever they want to make use of.

People do really love on being that complicated when it comes to things just like been mentioned above that we shouldnt really stress out ourselves.They could both co-exist
which we are currently seeing now and its not really that need for us to mind off that much on what would be particular things which needing for it to be attained.
Crypto cant replace fiat but doesnt mean that its existence isnt relevant and now we are cherishing actually its usage and benefits.

stepwilli

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Uhhn, this is a problem for a lot of people, and I don’t get why they really see it as a problem. It’s either that you are seeing people who wants cryptocurrency to replace Fiat entirely, or you see those who wants fiat to replace cryptocurrency. But, these two can coexist together, and people would be free to make use of whatever currency they would like to make use of, whether it is Fiat or Bitcoin, without having any problem.

But, some of these people find it hard to understand it is not a battle of currencies, it’s all about choice. people should be free and given that freedom to make use of whatever they want to make use of.

Quidat

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Quote from: BitKongy on February 07, 2022, 06:35:20 AM

Bitcoin is fully decentralized which is why I think it doesn't have to compete with Fiat at all, those who needs the decentralized idea should just keep using BTC as it is, we all know that CBDC will run on the blockchain too but in centralised form so where thus this leave Bitcoin?

Dont stress yourself out because this market would move accordingly into its main motive since from the start.The community wouldnt really be that blind in progress with those centralized things
but it do still ends up that decentralized things isnt something that could really be ignored or would wipe out on existence.As long there would be demand and consideration then it would
continue to progress further.Dont mind off that much about competition because both things could co-exist on different manner or on different support and impression.

Topic: Just my own thoughts - page 2. (Read 728 times)