Only one way to save people now - page 6.

Hydrogen

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

The solution is Simple leave fiat banks and go crypto.

Unfortunately, I do not 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?

JoyMarsha

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Fiat has been existing before bitcoin's creation. People can't tend to abandon fiat because they found what gives them financial freedom.
As long as people continue to strive for a better future, they will continue to use money and bitcoin in their daily lives.

Crypto alone can maintain the financial status quo for the foreseeable future. The world requires both banks and cryptocurrencies.

Anguwa

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Crypto The world's economic problems can specifically be solved by Bitcoin. Fiat money and bank regulations, which cannot save the world but instead cause financial instability, are to blame. If you continue to hold fiat in your bank account in some countries, like mine, it will continue to depreciate as a result of small fees the bank assesses for maintenance and other reasons. Bitcoin has provided us with a solution to the issue by allowing us to keep our money in digital currency and profit from holding it when the value increases.

Cryptomultiplier

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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.

One way I see this is, despite the fact that most persons don't think anything good of crypto currency, the use of crypto can only be successful if there is a proper channel. I.e. both you willing to use the crypto you have to for pay bills and other services, the receiver should have a means to accept your crypto. Where this is lacking, the crypto is no good unless converted to fiat.
Structures need be put in place to ensure that crypto currency can first be used to transact, before more awareness campaigns created and in so enlightening those with little understanding on it. Only then can persons develop the interest to learn more about crypto and then think of making profits off it. This is how most crypto merchant traders are made.
Fiat cannot be entirely dispelled no matter the economic stance of a nation because it has endured its evolution from trade and batter to what it is now.
Crypto currency is more futuristic and still gaining traction. As more crypto currency structures and cities are built, so also will people come to see its genius for exchanges and trades and join in.

Casdinyard

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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.

Such a grand and drastic change in the economic aspect of, well basically everything will ultimately cause pandemonium and discord to ensue amongst the people. The current structure of our system is based on fiat, which in itself has its systems that are similar in nature to crypto. Cryptocurrency is still infantile compared to the seasoned fiat so it wouldn't be able to fully accommodate changes as massive as this, let alone something as drastic as changing the money system of the planet into an alternative all because the current system is in dire straits. Surely a recovery is possible and the change you so aspire is going to arrive in the foreseeable future. Radical alteration to the paradigm like these will never be good in the short and long run.

serjent05

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Quote from: Ryu_Ar1 on December 09, 2022, 06:24:20 PM

Abandon fiat and turn to Crypto.

The cryptocurrency market is very unstable for now. It isn't the right time yet to change ship. Because if we do, the ship that is supposed to save us will drown us instead. there is a right time for everything, hasting everything up will only cause disaster.

Quote from: Ryu_Ar1 on December 09, 2022, 06:24:20 PM

It sounds like it can be done but it is in fact very difficult to do.

It is surely difficult because we need to make the financial institution to give up the traditional financial system and accept not just cryptocurrency but decentralized cryptocurrency to make the changes happen.

Quote from: Ryu_Ar1 on December 09, 2022, 06:24:20 PM

I now live in a country where at the moment, even though they don't prohibit bitcoin, on the other hand, they also don't make rules that bitcoin is legal because they can still be said to be neutral.
On the other hand, Fiat is now one of the things that seems quite mandatory, especially with some payments that require us to have fiat.
Crypto is my place to invest and Fiat is one of the tools to meet my daily needs, I don't think there is a reasonable reason to leave fiat now especially they are still one of my supporting needs.

As long as the government rule and financial institution is being favored by the government, Bitcoin will always be an alternative.

Spontaneous

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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.

Iroh

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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.

Sad to say, leaving banks and delving into cryptocurrencies fully is not going to help the world’s economy and help the general populace with their bills thus eradicating poverty to some extent.
What could help with the world economy is diversification of income.
Cryptocurrencies isn’t the only way out as I could think of one solid path to a blissful entrepreneurship, Agriculture. You also need fiat so if you convert all your funds to cryptocurrencies, how then could you pay bills and other necessities?

ilovealtcoins

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Convert all your fiat money into USDT and throw away all your fiat money, and one fine day, the government will freeze your account and put you in jail because it is illegal to use cryptocurrency. Don't be stupid to go against the government, as long as they ban or issue an ordinance to imprison crypto users, do you still have the courage to use cryptocurrencies? Fiat has a problem but you're still using it, why not use both and defame fiat when there's more fiat in your pocket than bitcoin?

Maidak

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Quote from: Ryu_Ar1 on December 09, 2022, 06:24:20 PM

Abandon fiat and turn to Crypto.
It sounds like it can be done but it is in fact very difficult to do.
I now live in a country where at the moment, even though they don't prohibit bitcoin, on the other hand, they also don't make rules that bitcoin is legal because they can still be said to be neutral.
On the other hand, Fiat is now one of the things that seems quite mandatory, especially with some payments that require us to have fiat.
Crypto is my place to invest and Fiat is one of the tools to meet my daily needs, I don't think there is a reasonable reason to leave fiat now especially they are still one of my supporting needs.

I am a crypto investor and love bitcoin but I still find it funny when many people keep spreading the word about giving up on fiat and using crypto and bitcoin while they are fiat users every day. Fiat is still the main currency today, no matter how bad it is, and I don't believe anyone is living without fiat or any bank accounts or credit cards. This world still has governments, they still rule us, so don't be under the illusion that you can get rid of them or have complete freedom to do what you like.

michellee

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Quote from: Sir Legend on December 10, 2022, 02:46:03 AM

Fiat banks provide very high interest when they provide credit, but instead provide very low interest for depositors, the presence of crypto banks can certainly be a great solution to overcome many problems in fiat banks, and now many projects are trying to make this happen.

That's why not many people can generate large balances from savings at the bank and only those with large balances can get them. But if they save in crypto, their money can increase in the future but the problem is they have to be prepared for price movements that are certain to occur every day. Only people controlling their emotions can get high profits from crypto. But let the people choose how to save themselves, especially if a bigger crisis occurs again. And only people who can open themselves up and accept new things can benefit from using crypto.

gantez

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Quote from: yhiaali3 on December 10, 2022, 06:11:31 AM

There has to be some improvements to the existing Bitcoin network for it to be a valid and easy way to receive the simple daily payments that people need to deal with on a daily basis.

The question is whether the people are ready using bitcoin for the payment of simple daily expenses and this I don't think is not time because the challenging processes is not taken care of. The internet system can make the payment to fail if no service is available and both buyer and seller become into problem. The pressure from the sender will be so much if network fail.

yhiaali3

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You may be right about Bitcoin, but not about USDT.

The centralized stablecoin is not safe and could collapse at any time like what happened with Luna's UST. Therefore USDT is not a safe-haven asset especially due to its correlation with the dollar, which makes it worthless in the end.

For Bitcoin, it is a good solution for preserving the value of your assets in the long term, but it is not yet valid for daily financial transactions.
Until now, it is difficult to pay bitcoins for a cup of coffee for example, because the transfer takes a relatively long time, in addition to the sometimes high fees.

There has to be some improvements to the existing Bitcoin network for it to be a valid and easy way to receive the simple daily payments that people need to deal with on a daily basis.

Outhue

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Till today crypto mass adoption is still very far away, it looks like a dream that may never come true, only very few humans on this earth adopts bitcoin so how will they abandon the bank and Fiat?

Right now you can't even survive with crypto alone without the involvement of Fiat, not every stores and retailers accept crypto as means of payment yet, also to convert your crypto to Fiat you still need the bank.

To me it's perfected that Banks co-exists with Crypto as it's also perfected that Decentralisation and Centralisation is a thing today, one doesn't have to get rid of the other.

iamsange

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Quote from: Sir Legend on December 10, 2022, 02:46:03 AM

Fiat banks provide very high interest when they provide credit, but instead provide very low interest for depositors, the presence of crypto banks can certainly be a great solution to overcome many problems in fiat banks, and now many projects are trying to make this happen.

What fiat banks do is to seek profit from their customers and this is still considered a very reasonable thing because they still have great faith in fiat banks. And for the presence of the crypto bank itself at this time actually it can only be very good for those who already know crypto and often use crypto for certain purposes, while for those who are still unfamiliar with crypto and have never used crypto at all in their life, I think the bank it wouldn't mean that much to them.

livingfree

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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.

Sir Legend

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Fiat banks provide very high interest when they provide credit, but instead provide very low interest for depositors, the presence of crypto banks can certainly be a great solution to overcome many problems in fiat banks, and now many projects are trying to make this happen.

Adbitco

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You can't deal without fiat no matter what it takes as I know before making your investment in crypto you must first convert your all landed properties to cash money and then fund your crypto exchange account to invest on any crypto either be it bitcoin. Economic meltdown is all over so and is a global problem which every nation has to fixed out, yeah billing over the years is getting out of control including my country.

Cryptocurrency can't just sweep away fiat I mean via any currency because after your investment you still need cash to spend around or within, fine your investment could be in crypto but spending would definitely needs it to be in fiat cash.

Baofeng

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I do agree but let's not exaggerate to say that crypto will be the only way to save people. It's not a magic bean that will help us get out that problems in life. And with that said, we don't want everyone to have this "false hope" that crypto is the savior.

Everyone should really work hard to earn a decent amount of money and that is enough for us to save in this kind of world that we live in right now. Maybe crypto is one, or there could be a good stock or even the traditional real state could be good in the long run. We could even put up a small business and make it big in the future.

trendcoin

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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.

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