Topic: Only one way to save people now - page 3. (Read 1018 times)

Fullbear is known as a famous troll, and this is not his first account, and to be fair to him, there is a need to start new topics, I know his past accounts as well, and how idiotic they were too, there is always THAT account he has that opens up topics like crazy, and could be banned later on because he changes accounts every 6 months to a year.

But, this is just getting silly now, leave banks and go full crypto is a risky advice that could hurt someone. I am all for keeping the forum active and having these type of discussions, but telling or suggesting something that may end up hurting someone is not acceptable, it is going to be dire consequences and we should avoid saying these things.

Bitcoin is a good alternative especially since the outside market is in turmoil nowadays, but you can't expect people to immediately switch financial systems just because the ones they have accustomed all their lives with is having a bad season. Think of it this way, someone you know is actively telling you to switch to fiat or convert all your crypto assets into stocks and bonds because the cryptocurrency market is not looking good as of the moment, it will be a very hard decision to make. Incidentally, I don't think there's a need for a complete financial system switch. The two could work hand-in-hand to make things better and that has been the case for the greater part of cryptocurrency's history.

All of the countries are really getting raw materials to other countries but it is easy now than in previous years due to the pandemic. Now the restrictions are very easy and they can buy raw materials from others. Though this is not the only way to grow the economy of the country, we need more visitors and investors who are making business in the country which leads to more employment. The more the employment the more the economy is booming

When a problem occurs with a loan, someone tries to find the mistakes of others, of course this is not good because when we are in debt and our income is not in accordance with the amount of debt, it will be a problem or not paid off, many people feel optimistic to take home loans by thinking Only 25% of the salary, the fact is this will be difficult.

For now, the government really needs to have many ways because the global economic conditions are not doing well.
there are still many countries that still depend on the supply of raw materials from other countries, of course that makes this problem not easy to solve,
but what is clear is that we must still hope for the best for the future

In fact, Bitcoin at this stage occupies a very small part of the market and also plays a very minor role in the economy, while banks are still the main financial arteries and without their existence, we will simply lose our usual way of life. Banks will probably always exist, they will simply adapt to the current market conditions, or try to adapt them for themselves.

However I think we need to be realistic and maybe whenever fiat is still needed,
because if leaving fiat is not impossible it will actually create new problems,
we need to look at the whole and that's important

Precisely!! In my honest opinion, there are several countries who are struggling due to this inflation thing and for sure if what the OP says would be implemented, those countries I've mentioned would suffer greater. As for an example that there are places here in my country that doesn't have enough access to internet, how much more computers and other high technology devices? Crypto is already considered modern day currency which also belongs to high technology, therefore it'll take more years to explain to them the process and even provide enough access to techs.

I dont understand why you have crucified the banks too much when both Bitcoin, fiat, and banks can all co-exist as they all have their own importance in our economy.
Business owners survived long ago even before Bitcoin, so I don't see any good reasons why you're telling us Bitcoin is the only way they survive. Look at how they survived the pandemic, though some of them have never came back. But,  some of them survived because the banks lend them money to revive their businesses.

Fiat's direct transaction does not require a fee, but if a Bitcoin transaction certainly requires a fee, many people hope to eliminate Fiat and replace it with bitcoin, but when the transaction sessions and transactions are more than $ 10 they complain, what if the transaction is 100x or 1000x from now?

Exactly. Leaving fiat is not an easy way, moreover if we are still abandoned by rules and regulation under the government. We are still using fiat for daily life necessary because they are only accepting fiat. We might find difficulties to find merchants accepting crypto if we are forcing to leave fiat. Sometimes, our dream should be limited in any cases. But, we can still use it as one of the payment method, not by mean leaving fiat or replacing it.

For now, the system might be biased but there's nothing that people can do but to embrace that both system should work together, Bitcoin is a good alternative but fiat will continue to exist, there are many people who can't adopt right away who needs fiat to exist, while those who can adjust can take advantage of the current new system that exist.

We should live that way and continue to work on how we can reach those people who are not aware of changes inside the technology and the financial system that they can have as alternatives.

People are starting to lose common sense in managing financial resources, the world is being hit by recession and inflation while the world economy is weakening, but some people are still forced to take loans to meet lifestyle needs, life in simplicity no longer makes people feel enough, because they have been spoiled by loans from banks and other places.

To what extent do you believe that the cryptocurrency you call can maintain value, are you sure that recession and inflation will not affect it, stablecoins and USDT are also not much different from fiat currencies, so they have the same chance in the journey, unless you dare to take the risk to hold bitcoin, but if you're still using Stable USDT, then it's the same as holding fiat currency as usual.

We cannot leave fiat currency and banks as quickly as imagined, because other supporting resources are still not available, transactions in crypto must still be converted into fiat currency as the legal currency for the purchase of goods and services, although in some places bitcoin has been accepted as a means of payment and some still use the services provided by the Bank in the process of converting crypto into fiat currency. The correlation between leaving fiat currency and banks is irrelevant and makes no sense today, as the infrastructure for crypto travel is still not strong enough on its own, so fiat currency and banks are still needed today.

To be honest, crypto is not the only way to go about the economic downfall, banks owned by organizations and governments have consistently failed the people, crypto has also benefited the people significantly, but it does have some drawbacks.
Just look at the entire crypto market, do you think the world will cope in that manner? I mean, waking up and seeing that the $100 you were planning to use to buy a launch has lost half its value due to minor news that occurred in just a few hours; believe me, the economy would be worse than it is now. Bitcoin was intended to be a peer-to-peer electronic or, perhaps more accurately, digital asset that would be good against inflation but would not necessarily be widely adopted as a monetary currency.

Bitcoin was made as a payment method that is anonymous and transparent. I don't know why people keep telling bitcoin to replace fiat since it was not intended for that, though bitcoin could be future money but for now, it cant replace our own fiat as we are using it on daily basis and we are not just that advance that all of us uses digital money.

we must not forget that we will still need fiat. because even BTC was made not to replace fiat but to be an option or another alternative. to be honest, I also experienced a lot of disappointment with the bank system. however, I am still aware that the role of the Bank will always be needed. Crypto and fiat should always coexist. both need each other.

The thing we have to understand is that the financial and financial transaction system is a complicated thing, we cannot solve a problem by leaving Fiat, if this is certainly a lot of problems that can occur, the volume of transactions that increase significantly then the transaction costs are very expensive , if there are residents of around 20 million and every day the transaction will certainly occur billions of transactions per day and may take 10 hours to reach 3 confirmation.

This is easy t say, but difficult to act. Realizing that only using cryptocurrency for our life, not fiat, is something that is very difficult for most people in the world. However for those who are living in a country that illegalizes crypto as currency. This will be very difficult to search for merchants that accept crypto. It is too difficult to make payment methods for our daily life using crypto because here, crypto is illegal for currency. We may use crypto as one of the digital assets for investment, but not for currency.

The government may be failed, but the system of government will be always there. People in the government may be changing with the new system. So, never easy and impossible to leave if w are still living in the same country.

Actually, in this case, I don't feel like I'm forcing myself because I see, from any condition, it's a choice. are we going to prepare for old age well or not, if we really want to prepare for this investment is the right thing but if not then you really have to be willing to seek more profits in old age.
This is not coercion because there is no obligation for it, but it would be very good if it was done from the beginning, at least with that we have planned our future so that it is better than before.

The wrong thing if when there is a Russian conflict then they will stop supply gas to Europe, of course Russia must bear the high consequences if it breaks gas, besides the use of gas in Europe not only depends on Russia, Germany has a gas company in many countries so they don't disturbed by Russian gas.