I've been around here for a while now. The question and comparison on which is better between the two has been asked not just once. And the answers are all quite the same — crypto and fiat are two different types of currency with their own purpose and not needed to be compared, hence.
Personally, I think the two currency goes well the way I use them. I can earn crypto here in the forum and convert it to paper money to buy my needs. They go hand in hand, for me. And shouldn't that be the case? To have fiat and crypto together and let them serve their purpose and not compare which one is better? Because after all, we can use both and have their own individual pros and cons.
Topic: Why is crypto is better then fiat? - page 3. (Read 656 times)
Whales can manipulate bitcoin, but they cannot control it. There is a big difference between Fiat, which is controlled by central banks, and decentralized bitcoin, which no one can control. This is a clear and fundamental difference. There are, of course, advantages and disadvantages in each system, and compared to the two systems, we find that the positives of bitcoin and cryptocurrencies are much greater than negatives, unlike the banking system.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
I would better be controlled by government than being controlled by anonymous elites. At least you will have a right to criticize someone if anything goes wrong.
Neither crypto is better nor fiat. Both are two different things and one can't sustain without another. Try to think what will happen to bitcoin if you can't convert it to fiat! Both are needed for a sustainable ecosystem. We can't really suppress one for another!
Yes that is a point, we are basically swapping whales
These new whales are people that were drawn to a new system that is fair, democratized, honest. Sure, there are also some whales that became a**holes, but much less than nowadays billionaires
isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
The pope, the bank and the government are different elements they cannot manipulate crypto.The crypto market was never regulated by the pope and the government, that is the market manipulation that often occurs, caused.
Large/rich whales, this type of whale is very dangerous can play very big on crypto, this could involve international companies or their countries have financial resources that are executive, not government but pope, their finances may not be counted.
Because they can influence buying crypto and can radically influence investors, investing in crypto in the market.
This is the first time I heard of a crypto vs fiat argument which involves the pope. LOL!
How in the whole wide world is the pope related to all of this? The Vatican does not even have their own independent currency. Neither does it have its own central bank.
This is too far-fetched that it sounds extremely ludicrous.
Yeah, this is so funny. Pope and cryptocurrencies, I also hear for the first time for this combnation.
Anyway, this everything sounds to me like another conspiracy theory, just this time Vatican is involved too.
For some reason people think that every government and institution is trying to destroy Bitcoin or at least are trying to weaken it. In fact that It's not true, they have far more important things to do some bitcoiners obviously like to think they are some kind of rebells and victims at the same time.
Anyway, in the world that is still exclusively depending on.fiat it's hard to tell that crypto is better than fiat money especialy having in mind that it's not perfect. Both fiat and cryptocurrencies have its good and bad sides and that is how it should be treated.
Governments can force everybody to use their money. They have monopoly control over money. While that’s not necessarily bad, it also eliminates competition. And, leaders have lots of incentives to use money systems for their own interests rather than the general welfare.
With cryptocurrency, nobody can force you to use one or the other. Even the whales don’t have that kind of power. So, they have to compete with each other.
Competition among different money systems should produce better outcomes for society.
With cryptocurrency, nobody can force you to use one or the other. Even the whales don’t have that kind of power. So, they have to compete with each other.
Competition among different money systems should produce better outcomes for society.
isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
The pope, the bank and the government are different elements they cannot manipulate crypto.The crypto market was never regulated by the pope and the government, that is the market manipulation that often occurs, caused.
Large/rich whales, this type of whale is very dangerous can play very big on crypto, this could involve international companies or their countries have financial resources that are executive, not government but pope, their finances may not be counted.
Because they can influence buying crypto and can radically influence investors, investing in crypto in the market.
This is the first time I heard of a crypto vs fiat argument which involves the pope. LOL!
How in the whole wide world is the pope related to all of this? The Vatican does not even have their own independent currency. Neither does it have its own central bank.
This is too far-fetched that it sounds extremely ludicrous.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Governments inability to manipulate crypto because of the blockchain tech is where the advantage stops. Apart from that, I don't see how much anyone can do with crypto without going through FIAT. Well, before you argue this - How did you get your first crypto? Of course, you bought it with a fiat, right? That's my point!Crypto and fiat should exist side by side, and not one getting looked upon as having the ability to surpass the other.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Think that whales manipulating the market but not to consider as controlling the whole market. Unlikely, FIAT is totally controlled by the government but the risk is low compared to crypto. But why people are taking the high risk rather than they could actually stay at FIAT? It is probably looking for a more profitable market and that having crypto seems to the best option. High risk= more gains.
This is the common mindset of the people but can't deny how many have fallen to this perception.
This is one of the oldest topic still being discussed over the forum as most of us as aware both crypto and fist has its own merits and demerits, it depends on an individual's perspective to decide whether crypto is better or fist because it's not the same situation and plan for everyone. I would prefer crypto over fiat for certain transactions which gives me upperhand over fiat at the same time I would fiat on fiat for certain transactions wherein fiat has upperhand. So it will be an never ending debate mate don't confuse yourself.
You are right about that. there are several threads already discussing about the pros and cons of crypto and fiat. However, no matter what benefits we are getting from the usage of crypto, we still need the fiat money in most of our everyday transactions. Consider also the number of population who are into crypto vs. the global population, we are still very small in number. And even if you want to use your crypto to most of your daily transaction, you can't, because very few merchants up until now have their payment method in crypto. So right now, even if we have long list of benefits for crypto usage, we still need fiat in most of our daily living. But of course, as a crypto user, we are already enjoying some of its benefits that we can't get from fiat.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
I can't help but reason with your point of view... With the current state of cryptocurrency space, you are entirely right but mind you, the concept and vision behind the creation of bitcoin is entirely different from that and i believe the manipulation from the whales will be an history the moment bitcoin gets massive adoption across the globe. Then the manipulation from certain individuals wont really count as the interest of the general users will superceed that of the whales. So I'm picking bitcoin over FIAT anyday when it comes to a more private and secure currency
But you eliminate middlemen in crypto, you don't pay for a heavy transaction, you can remain anonymous if you decide to do so and some digital assets like BTC serve as a store of value
isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
In general, humans in traditional times when they were not familiar with fiat, they exchanged goods with goods, this method is often called barter, whose names humans are never satisfied, desires, with the development of advanced civilizations to make life easier, but with the era of modernization and globalization with the support of technology makes people want faster survival in economic exchange can be a matter of seconds, that crypto is better now than fiat.The pope, the bank and the government are different elements they cannot manipulate crypto.
The crypto market was never regulated by the pope and the government, that is the market manipulation that often occurs, caused.
Large/rich whales, this type of whale is very dangerous can play very big on crypto, this could involve international companies or their countries have financial resources that are executive, not government but pope, their finances may not be counted.
Because they can influence buying crypto and can radically influence investors, investing in crypto in the market.
This is one of the oldest topic still being discussed over the forum as most of us as aware both crypto and fist has its own merits and demerits, it depends on an individual's perspective to decide whether crypto is better or fist because it's not the same situation and plan for everyone. I would prefer crypto over fiat for certain transactions which gives me upperhand over fiat at the same time I would fiat on fiat for certain transactions wherein fiat has upperhand. So it will be an never ending debate mate don't confuse yourself.
The cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Beyond the impact of a cryptocurrency future on individual consumers and on financial institutions, governments themselves would suffer. Bitcoin is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.
Some opinions may be different, to understand it must know both.
It seems that you have to understand Crypto Blockchain technology. There are several advantages such as security, transparency, and efficiency. Crypto Blokchain brings positive technology. This is becoming the technology of the future. Some large countries have accepted Crypto as payment.
The Fiat currency is a supported by the central government and all country acknowledge that.The state controls all policies so there is a stability of fiat currency circulation and inflation does not occur.
So in my pure opinion crypto is more efficient but is not recognized by all countries as payment while fiat is recognized by all countries and is stable. So for now I think both of them have advantages and disadvantages.
It seems that you have to understand Crypto Blockchain technology. There are several advantages such as security, transparency, and efficiency. Crypto Blokchain brings positive technology. This is becoming the technology of the future. Some large countries have accepted Crypto as payment.
The Fiat currency is a supported by the central government and all country acknowledge that.The state controls all policies so there is a stability of fiat currency circulation and inflation does not occur.
So in my pure opinion crypto is more efficient but is not recognized by all countries as payment while fiat is recognized by all countries and is stable. So for now I think both of them have advantages and disadvantages.
I think fiat and crypto are both better and important. They have it's own usage,specification,valuea and importance. Crypto is better because we can make money out of it through investin,trading,...etc. Fiat also is better because it is our money used everyday which is issued by our government and it circulate for the whole country. Youneed crypto to earn profit and then convert it into Fiat money to be able to use in buying goods,services and other necessities. This two are both valuable.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Fiat is not entirely manipulated by government just for control and power. That idea is very narrow. You should think that in general, fees or I guess let us put as charges for any transactions to happen. It is like a key in order for some things to function.
Compared to cryptocurrencies, we can't justify which is better considering its acceptance in the society.
It makes it more convinient.
They have different spread in terms of adoption though I like crypto but still its not convenient for me upon using it on offline transactions since its close to zero merchant are accepting it and it's so hassle to go to remittance center or bank to exchange it with fiat so that I can use it on buying goods. But what good in crypto is this is cannot withhold by the government since all crypto users have power regarding by its usage or anything.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Fiat is not entirely manipulated by government just for control and power. That idea is very narrow. You should think that in general, fees or I guess let us put as charges for any transactions to happen. It is like a key in order for some things to function.
Compared to cryptocurrencies, we can't justify which is better considering its acceptance in the society.
It makes it more convinient.
For cryptocurrencies the acceptance is massively earned by bitcoin since it is the most recognized and adopted ones. But then I'll stick with my principle on this, neither fiat nor crypto is better. It makes it more convinient.
Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Fiat is not entirely manipulated by government just for control and power. That idea is very narrow. You should think that in general, fees or I guess let us put as charges for any transactions to happen. It is like a key in order for some things to function.
Compared to cryptocurrencies, we can't justify which is better considering its acceptance in the society.
It makes it more convinient.
Make sense.
But either way, we have different point of views regarding those crypto vs fiat. Each of them has a strong significant role. Though cryptocurrency can not be controlled by any third party, whales are just exists to play the market price but will not control your hold bitcoin. Also, we monitor our own crypto coins so we are at ease that it is safe in our own hands.
But either way, we have different point of views regarding those crypto vs fiat. Each of them has a strong significant role. Though cryptocurrency can not be controlled by any third party, whales are just exists to play the market price but will not control your hold bitcoin. Also, we monitor our own crypto coins so we are at ease that it is safe in our own hands.
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