Only one way to save people now - page 5.

DrBeer

legendary

Activity: 3752

Merit: 1864

Quote from: Hydrogen on December 10, 2022, 06:14:50 PM

Unfortunately, I don't think there is a simple solution.

If there are lessons to be learned. Can it be fairly said conditions of reliance and dependancy are being weaponized post 2020?

Reliance on russian natural gas
Reliance on oil
Reliance on centralized supply chains

Everything people trust and rely upon today is being turned against them.

How do we solve this? Perhaps by relying less upon governments and corporations, and relying more upon ourselves?

A very strongly erroneous opinion, built on the basis of information disseminated by Russian propaganda. There is no dependency. Was created, artificially, the scheme of monopolization of oil and gas supplies to the EU. And note - 3 key economies turned out to be "dependent" - Germany, France, Italy. And mass information propaganda began, so that without Russian gas they would freeze/die/the economy would collapse/factories would stop/.....
But today we see that more than 90% of Russian gas has already been replaced by long-term contracts. Do not listen to Russian propaganda, and pro-Russian media

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

Quote from: Fullbear2222 on December 09, 2022, 06:25:15 AM

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

rokok lokal

member

Activity: 120

Merit: 25

In the long term, it all boils down to what consumers and traders prefer because that's where economic reality comes from. After all, reality is created by you and all of us.

I'm not saying that all of the above will happen, but with such a crowded market, it's important to be ready for anything.

If you are familiar with the money market world, I think the best way to stay ahead and keep yourself protected is to invest your hard earned money (Cold money) in the top 5 exchanges. That way you will at least always be safe and calm. The choice is ours.

iamsange

sr. member

Activity: 903

Merit: 391

Quote from: Lubang Bawah on December 11, 2022, 08:58:50 PM

When we borrow money from the bank and with floating interest, we have been trapped and difficult to rise, they do not care about the difficulties we experience so that it will continue to press us to pay, the presence of cryptocurrencies with a decentralized system is certainly a good solution to overcome the fiat system Especially borrowing so as to provide convenience to anyone.

I don't know how you think about this. Because every borrower must clearly follow the rules to pay to the party or place to which he is lending money. And if this makes him feel very depressed, then don't make any loans in your life so that you don't feel any pressure.

Because borrowing anywhere will also include borrowing in cryptocurrency which must be paid on time. And if you think borrowing in cryptocurrencies is easier to get up and running, I think you have misunderstood this. Because the name of borrowing still has to pay and it's even more risky if someone borrows unstable crypto assets.

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

When we borrow money from the bank and with floating interest, we have been trapped and difficult to rise, they do not care about the difficulties we experience so that it will continue to press us to pay, the presence of cryptocurrencies with a decentralized system is certainly a good solution to overcome the fiat system Especially borrowing so as to provide convenience to anyone.

coupable

hero member

Activity: 2338

Merit: 757

Quote from: trendcoin on December 09, 2022, 06:25:28 PM

Quote from: Fullbear2222 on December 09, 2022, 06:25:15 AM

...

USDT is a centralized cryptocurrency and more dangerous than fiat currencies. USDT fiat currency is indexed to the dollar, but the cash equivalent of USDT assets is always a questionable issue. Of course, we must protect ourselves from inflation. We must be vigilant against the monetary expansion policies of central banks. But we should not do this with centralized cryptocurrencies like USDT. We can provide maximum protection against inflation by connecting our savings to solid currencies such as Bitcoin and gold.

Fixed currencies have become a major and additional source of income after it was just a tool for trading. It literally arises out of nowhere. All fixed-currency projects secure a small dollar balance and then extract billions of dollars for nothing in dollars. The size of that market is currently worth billions, and we may have reached the point of not being able to control this market.

iamsange

sr. member

Activity: 903

Merit: 391

Quote from: ?? on ??

The fiat system is very low in cryptocurrencies because in this system you receive money and pay back a little more. Because people have not only learned to use paper money but some people have learned to use crypto currency online. But we need to be more reflective towards cryptocurrencies. Cryptocurrency is safe just like keeping money in the bank because if you save money in this hand, your money will increase.

In addition, the use of banking applications and the like can also encourage everyone who is not familiar with cryptocurrencies to find out about how crypto is actually used. Because apart from being able to store it very safely, they also have to learn the basics so that when they want to invest or trade they can understand it better and make it easier for them to do it.

Oceat

sr. member

Activity: 2506

Merit: 368

If that's how easy as you said to adopt crypto in all types of businesses then we won't be loaning money in the banks to support our businesses but that's not how it works in the real world whereas there's a regulation that you should be followed.

If most of the businesses are into crypto we wouldn't be bothering to take loan in the bank or most people knew how to use crypto currency for everyday use but it's not. There are people out there who still don't know what are or how to use this crypto currency. But maybe in the future more and more people will try to adapt using the crypto currency for their daily lives.

It's not a wise solution for our current situation but maybe it will be in the future but not for now. How many times this kind of events happening in the past? But if you know your history you might wanna link and analyze them why such crisis/inflation keep on happening.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: Cling18 on December 11, 2022, 12:39:13 PM

People can adopt and invest in Bitcoin and other cryptocurrencies but they will never disregard fiat and traditional banks. As long as Bitcoin isn't accepted as a world currency, fiat will always exist. It could be legal in most countries but people will still value using fiat since it isn the common currency being used in daily transactions. Banks being supported by the government will always remain trusted by many people regardless of the edge of cryptocurrencies when it comes to profit and decentralization.

Even I feel though in the end
bitcoin accepted by most banks will still exist because regardless of anything we can't make it seem as if bitcoin is a substitute.
In terms of objectives, it may also be clear that this is an alternative payment, not a substitute there, so that no matter what happens, the bank will still be a bank that stands with all its strength.

vv181

legendary

Activity: 1932

Merit: 1273

You really should try to dig deeper about the current economic situation, FIAT, and cryptocurrencies. Based on OP, I am very certain that you did not understand the differences between FIAT and USDT.

USDT are a token which represent of USD, it is not-so-backed by 1:1 USD. It actually consists of many reserves[1], so it is different from the actual USD fiat. You also use USDT over control of Tether, the company which manages the token. The notion you are suggesting to leave fiat banks does not make any sense because of your favour of USDT. After all, the problems you arise in this thread is a complex problems, the world also works in a complex way. Cryptocurrency won't merely be a simple thing that is able to solve it.

[1] https://tether.to/en/transparency/#reports

Cling18

full member

Activity: 1708

Merit: 126

People can adopt and invest in Bitcoin and other cryptocurrencies but they will never disregard fiat and traditional banks. As long as Bitcoin isn't accepted as a world currency, fiat will always exist. It could be legal in most countries but people will still value using fiat since it isn the common currency being used in daily transactions. Banks being supported by the government will always remain trusted by many people regardless of the edge of cryptocurrencies when it comes to profit and decentralization.

nara1892

hero member

Activity: 1666

Merit: 701

Quote from: Zanab247 on December 11, 2022, 11:27:56 AM

Despite, bank failed doesn't mean people should face Bitcoin and cryptocurrency only because there are some countries were Bitcoin and cryptocurrency are not legal which will be difficult for them to leave Bank no matter the challenges they are facing with the bankers in the country. Investing huge amount of money on Bitcoin in this season of bear is more favourable than bank in this season that is affecting the world economy, and nobody no when the inflation will disappear to allow deflation to stay for people to smile again.

On the other hand, we also have to be aware that the biggest supporter of the bank is the government, so that no matter how strong in this case people leave the bank, they will still stand up because of course the government will not remain silent on this matter. And as you said, Regulation is one that cannot be separated in this regard so it is indeed difficult to make this seem like a stumbling block.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Despite, bank failed doesn't mean people should face Bitcoin and cryptocurrency only because there are some countries were Bitcoin and cryptocurrency are not legal which will be difficult for them to leave Bank no matter the challenges they are facing with the bankers in the country. Investing huge amount of money on Bitcoin in this season of bear is more favourable than bank in this season that is affecting the world economy, and nobody no when the inflation will disappear to allow deflation to stay for people to smile again.

MoonOfLife

sr. member

Activity: 714

Merit: 253

Quote from: livingfree on December 10, 2022, 02:50:05 AM

I like your enthusiasm about encouraging people to go all in in crypto and leave the fiat. But we have to weigh and still tick with the reality that we just can't do that even if we want to.

We're still dependent to the governments rule that most businesses aren't yet accepting bitcoin, crypto.

The reality is wherever we go, fiat is still accepted and will always be preferred by most non crypto folks and some crypto folks if necessary.

We can't leave fiat or banking completely, not only in terms of acceptance but aside from being used to store assets or a means of payment, cryptocurrencies can't do much more than that. Meanwhile, banks provide us with loan and mortgage services to get a loan. If you need money and your loved one doesn't want to lend you money, you go to the bank. Cryptocurrencies are useless in this case.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: bestcoins1 on December 11, 2022, 04:10:19 AM

Quote from: Spontaneous on December 10, 2022, 02:56:27 PM

Yeah it is good to use crypto for the transaction usage but it is not in short time to switch people into that method of leaving. Cause some of them are didn't know about crypto, they just know Fiat or other currency. We can not force them to switch cause people perspectives if they can hold and see their fiat an they felt that is an tangible for them.

It's just about the beliefs and thoughts of some people who don't know crypto, so they often think that state or fiat currency is real currency and they don't consider anything else as real. In fact, the number of crypto currency users continues to grow from various backgrounds and I think those who don't believe in this can also find out for themselves by looking through true and accurate news. Even though they have basically never used it even for transactional matters or the like.

And with more and more people learning and using crypto, it will make the popularity of crypto even more, and this will provide an opportunity for people to trust crypto so they can use it like using fiat. But if people still don't want to use crypto or at least know about it, that's up to them, and we can't force them.

And we can only invite people around us to try to get to know crypto. But if they want to open themselves to accept new things, perhaps it will be useful for all of them because now they have a new way to get a better life.

Nhazwrath

member

Activity: 289

Merit: 40

Quote from: Fullbear2222 on December 09, 2022, 06:25:15 AM

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.

I am going to say this will not work since nothing you have said addresses underlying problems with the way humanity instinctively thinks.

Until such time as you consistently teach people how to not be foolish (which is somewhat hard btw) all you do is kick this problem in to another arena which the non foolish continue to take advantage of the foolish.

Crypto is only 20% of the solution.

BigBos

sr. member

Activity: 1974

Merit: 450

Quote from: Fullbear2222 on December 09, 2022, 06:25:15 AM

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.

I don't understand why you say that, I don't think your solution is getting to the point where chaos is going on.

Will using Crypto or USDT all this mess ever end?
did you think about this?
In my opinion, this chaos occurs because the goods needed every day are getting scarce, so the prices are getting more expensive.
You want to use USDT and USDC or other stablecoins will not change the price of a commodity if the goods needed are in shortage.

Besides, is it true that USDT or any other stablecoin has as many dollar reserves as USDT supply? The market value of USDT indeed is 1:1 to the dollar, but we don't know whether their dollar reserves match the supply of coins or not, that's what people suspect and consider it a scheme.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

Quote from: bestcoins1 on December 11, 2022, 04:10:19 AM

Quote from: Spontaneous on December 10, 2022, 02:56:27 PM

Yeah it is good to use crypto for the transaction usage but it is not in short time to switch people into that method of leaving. Cause some of them are didn't know about crypto, they just know Fiat or other currency. We can not force them to switch cause people perspectives if they can hold and see their fiat an they felt that is an tangible for them.

It's just about the beliefs and thoughts of some people who don't know crypto, so they often think that state or fiat currency is real currency and they don't consider anything else as real. In fact, the number of crypto currency users continues to grow from various backgrounds and I think those who don't believe in this can also find out for themselves by looking through true and accurate news. Even though they have basically never used it even for transactional matters or the like.

Yes, gradually everyone will know crypto, especially bitcoin. And actually most people use crypto only to store value or as an asset and also to invest not to transact.
because crypto has not been accepted by the government to be used for transactions and it is this problem that makes no sellers use crypto because fiat is still a reliable transaction for everyone. So it's not as easy as the OP says even though the main purpose of bitcoin or crypto is for fiat replacement transactions, and that still takes a very long time.

bestcoins1

hero member

Activity: 2338

Merit: 737

Quote from: Spontaneous on December 10, 2022, 02:56:27 PM

Yeah it is good to use crypto for the transaction usage but it is not in short time to switch people into that method of leaving. Cause some of them are didn't know about crypto, they just know Fiat or other currency. We can not force them to switch cause people perspectives if they can hold and see their fiat an they felt that is an tangible for them.

It's just about the beliefs and thoughts of some people who don't know crypto, so they often think that state or fiat currency is real currency and they don't consider anything else as real. In fact, the number of crypto currency users continues to grow from various backgrounds and I think those who don't believe in this can also find out for themselves by looking through true and accurate news. Even though they have basically never used it even for transactional matters or the like.

DrBeer

legendary

Activity: 3752

Merit: 1864

No matter how funny it sounds - but bitcoin, USDT, etc. are like cowrie shells or glass beads in the world of real money.
How, having taken a loan in bitcoin (which has wild volatility), an ordinary one, let the British go, will he solve his problems? Let's simulate the actions of this Briton, for example, to solve a problem: repairing a private house. So, the task for the author who proposes to solve this with the help of a crypt is to describe here step by step, the full cycle of actions of the "British", from obtaining a loan in bitcoin (including its execution and determining the loan rate), and buying building materials, to hiring workers, paying works, and loan repayment?
I am sure that halfway through you will understand how unrealizable this idea is, it has a lot of side, additional costs and difficulties. By the way, any participant can also try to describe this cycle, I think everyone will be interested!

Topic: Only one way to save people now - page 5. (Read 1200 times)