Topic: Only one way to save people now (Read 1200 times)
I think this isn't a solution at all because as of now lots people doesn't really know what crypto is and most of them are trying to understand and keep on the path where they got scammed and lost trust on crypto, people love fiat and they always think that when they leave their money in the bank they can have a safer future and this is the only way of trusting the legal payments and to think that they can get more benefit by leaving their money in the banks. As of cryptocurrencies They do not know where to invest even you will tell them put some of your money in bitcoin and they keep questioning what is it. Everybody can learn nowadays because we have internet access and it is easy to know everything you wanna learn from crypto
fiat will never be abandoned by humans on this earth, because fiat is a legal payment.
we can invest in all types of investments that are offered, even though bitcoin provides more benefits than others but it must be remembered that bitcoin is not legal and one day it will disappear we don't know when
so think realistically with the worst possibility
I agree that there is no end to Fiat in the world and we know that there are many ways to use it especially in poor countries where Fiat is needed. Cryptocurrencies do not really have a guarantee of how long they will actually last and benefit their users.we can invest in all types of investments that are offered, even though bitcoin provides more benefits than others but it must be remembered that bitcoin is not legal and one day it will disappear we don't know when
so think realistically with the worst possibility
But what really helps a person?
This is the money which is very important in the world let's also join with belief in God. There are many people whose efforts have improved their lives. We just really need to learn what we should expand to rise from being poor.
fiat will never be abandoned by humans on this earth, because fiat is a legal payment.
we can invest in all types of investments that are offered, even though bitcoin provides more benefits than others but it must be remembered that bitcoin is not legal and one day it will disappear we don't know when
so think realistically with the worst possibility
we can invest in all types of investments that are offered, even though bitcoin provides more benefits than others but it must be remembered that bitcoin is not legal and one day it will disappear we don't know when
so think realistically with the worst possibility
People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.
Hmm.., cryptocurrency would soon be a currency that will be well known by all. This may take some times before this could happen but I believe Bitcoin will be well known and used around the world even among the non- educated fellows.I find it amusing that you picked out the first reply on the first page of the thread to reply to. But it’s all good.
Cryptocurrency or more better, bitcoin in my opinion, has been heard by majority of the people on earth and it’s well known as a medium of exchange amongst other things.
Also, among the uneducated fellows, I strongly believe there would be some that will not be able to understand nor use bitcoin(no offense to uneducated fellows).
I think bitcoin, with time would be heard and known by everyone. Perhaps it would not be used by all but it would probably be heard by everyone.
People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.
Hmm.., cryptocurrency would soon be a currency that will be well known by all. This may take some times before this could happen but I believe Bitcoin will be well known and used around the world even among the non- educated fellows. Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
indeed in reality fiat will not be able to get rid of by crypto. look, we are still using fiat as a transaction tool and it can never be replaced by anything.and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
and we all know that crypto is an alternative transaction that is much easier and as an investment asset.
so not everyone wants fiat money to be replaced by crypto and that is very unlikely to happen.
If you advise people to leave fiat and switch to USDT it makes no difference, they are all centralized and regulated by the government. I don't believe anyone can leave the bank or fiat, even though they are having some problems but don't try to ignore that we have been using it for hundreds of years and are still using it every day.
I think the current fiat transaction system is good, cryptocurrencies especially USDT is not a solution to be able to replace fiat, it may look simple but what if the transaction volume increases 1000x, the transaction fee can reach $ 10 and it takes 3 hours to reach 3 confirmations, so many things which do not or have not been able to replace the previous system.
Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
indeed in reality fiat will not be able to get rid of by crypto. look, we are still using fiat as a transaction tool and it can never be replaced by anything.and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
and we all know that crypto is an alternative transaction that is much easier and as an investment asset.
so not everyone wants fiat money to be replaced by crypto and that is very unlikely to happen.
We do know that not all are really that knowledgeable when it comes to crypto transactions + having that anonymity aspect or something decentralized which means that it couldnt really fit out
on what government do prefer.They wouldnt really allow things to be turned over into something which cant really be controlled which it would be understandable
that this thing is really that hard to believe for it to happen.
Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
indeed in reality fiat will not be able to get rid of by crypto. look, we are still using fiat as a transaction tool and it can never be replaced by anything.and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
and we all know that crypto is an alternative transaction that is much easier and as an investment asset.
so not everyone wants fiat money to be replaced by crypto and that is very unlikely to happen.
Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
The fiat system is an old traditional means of payment and would not easily be replaced. I see and hear arguments from folks arguing in favor of bitcoin replacing the fiat system as the dominant means of payment and I wonder why and how such arguments begin In the first place. Bitcoin, though created to be an alternative system of payment wasn’t created nor intended to compete with the fiat system of payment. If people have used and compared both system and found bitcoin to be more preferable, that’s that.
they need to have reality check for those who are thinking that btc can easily replace the fiat system. as of now, there's no argument that fiat will stay long. yes, we should be grateful that btc was invented. but it doesn't mean, it can replace the fiat system so easy. there are pros and cons in both fiat and btc. now, it is up to you how you will make advantage of both.
Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
The fiat system is an old traditional means of payment and would not easily be replaced. I see and hear arguments from folks arguing in favor of bitcoin replacing the fiat system as the dominant means of payment and I wonder why and how such arguments begin In the first place. Bitcoin, though created to be an alternative system of payment wasn’t created nor intended to compete with the fiat system of payment. If people have used and compared both system and found bitcoin to be more preferable, that’s that.
Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
In fact for now people who love crypto are only a fraction of the dominance of fiat now so no one can really make this a reality because in essence the purpose of Crypto especially bitcoin is not to replace but only to be an alternative as you say.and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
I don't think there is a need to keep debating things that really won't be possible because for now the result remains the same. Fiat will still be fiat even if Crypto and bitcoin enter a country.
Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
There is logic in your words, but there is still a world system that wants to continue to exist as before. Yes, finances have collapsed, and this can be seen from the situation with high inflation. There is a solution and it is cryptocurrencies, but will the system agree? This is an open question and we will probably see a solution very soon. Of course, many now need money in order to survive in this difficult time, and cryptocurrencies could help many.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
Am very much not a fan of the ideology behind CBDC, the government hasn't been up and doing as citizens expects but that doesn't necessitate yet that we should leave the government to sink, in otherwords, it's like saying let's abandon the government, should we abandon government then there will be anarchy in the society which is something we shouldn't pray for. I'll rather suggest that let the government exist while crypto exist too.Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
Crypto is not yet in it's matured stage still, cause not every business man on the street have an idea of crypto existence not to talk about how it operates and for that reason the fiat money is still of necessity as it playing a significant role for newcomers as it is the only means that can use to purchase and own crypto currency in their local environment still lack certain crypto services.
True, the thing to say is impossible to leave Fiat and only use cryptocurrencies, we as cryptocurrencies users must be realistic and do not just think of eliminating the system that has been used since thousands of years ago, too many problems in cryptocurrencies for example are transaction costs and transaction speeds, such as We know that cash transactions are direct without needing confirmation, while transactions in the blockchain need confirmation that when crowded needs up to 30 minutes.
What you say is not wrong, but on this occasion I just want to add and clarify so that the explanation becomes more focused where logically if the use of fiat money itself has never interfered with the use of cryptocurrency, I don't think maintaining fiat money is also not an issue that should be debated because in general they don't interfere with each other and also everyone can directly use both according to the desired needs.So it is clear that fiat money does not need to be eliminated as long as it can still be used in certain places and also does not interfere with payment systems around the world. And the use of cryptocurrency itself is also very welcome because there are times when cryptocurrency becomes easier and makes it easier for every user to make transactions, even though a fee is charged but it can still be tolerated by using cheaper transaction fees as an option.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
People Will use btc and USDT
I will rather prefer btc and btc alone if i must seek for an alternative to fiat currency but take other cryptos and cbdc as all been centralized and make no difference from wjat bitcoin is presenting to us, anything that does not support decentralization is not worth going for anymore, this is what prompted people to seeking for alternative in bitcoin and take it as a gold rush because they are tired of having bsame results in fiat or from central authorities, they want to be independent with how they handle their finances in which bitcoin is the only means to that.
True, the thing to say is impossible to leave Fiat and only use cryptocurrencies, we as cryptocurrencies users must be realistic and do not just think of eliminating the system that has been used since thousands of years ago, too many problems in cryptocurrencies for example are transaction costs and transaction speeds, such as We know that cash transactions are direct without needing confirmation, while transactions in the blockchain need confirmation that when crowded needs up to 30 minutes.
What you say is not wrong, but on this occasion I just want to add and clarify so that the explanation becomes more focused where logically if the use of fiat money itself has never interfered with the use of cryptocurrency, I don't think maintaining fiat money is also not an issue that should be debated because in general they don't interfere with each other and also everyone can directly use both according to the desired needs.So it is clear that fiat money does not need to be eliminated as long as it can still be used in certain places and also does not interfere with payment systems around the world. And the use of cryptocurrency itself is also very welcome because there are times when cryptocurrency becomes easier and makes it easier for every user to make transactions, even though a fee is charged but it can still be tolerated by using cheaper transaction fees as an option.
Quote from: S A KHAIR
If you advise people to leave fiat and switch to USDT it makes no difference, they are all centralized and regulated by the government. I don't believe anyone can leave the bank or fiat, even though they are having some problems but don't try to ignore that we have been using it for hundreds of years and are still using it every day.
People will still like bank no matter what they are going through in the hands of the bankers, because bank is under centralized and they are control by the government in all ramifications in the country. Leaving fiat to crypto is not advisable than to embrace the two to know how good they are to investors, and which one you need to save a huge amount of money for security purpose. Government are in charge of all banks which they have the power to close down any bank that disobey their order in the country, and they can also budget money to improve banks for their citizens to smile again.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Are we going to use stable coins from USDT forever. No one can leave Fiat as long as the bank is running smoothly. If you have $1 million USDT in your account, but your country of residence does not accept crypto payments, and banks do not accept crypto to fiat conversions. What do you do with $1 million USDT? Have you thought about this? So there is no point in killing some coins and popularizing one coin.Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Leaving banking system is not something impossible , it's just takes a lot of time!
Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
You seem to think that having a new currency miraculously solves problems in a whole bunch of countries, when it does very little. It doesn't matter what currency your bill is priced in if you cannot afford it in apples or oranges. In reality the existing payment networks are actually a lot more efficient when it comes to security, energy usage and traceability to catch people abusing the law. While the blockchain and bitcoin are definitely a novel concept that shows what a future decentralized currency could look like, even Satoshi would say that it was just a proof-of-concept that needs a lot of work before it can scale to support all the world's transactions in a timely and cost effective manner.
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