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Topic: Why people price things in fiat but want BTC - choose one or the other - page 5. (Read 4911 times)

full member
Activity: 154
Merit: 100
I've seen loads of topics of people trying to sell things and saying I want x amount of dollars worth of BTC. Surely if someone is so keen on the idea of Bitcoin fiat shouldn't even be mentioned.

They should be prepared in certain instances to take a fiat loss for their beliefs.

1 some people do take small losses on purchases because of the principle

2 Those with the eventual objective of an all bitcoin economy have to initially deal with the reality that while getting to that point it takes time for all the things they need/want to purchase to be available in bitcoin only.

3 During that process a fiat/$ reference allows them to estimate relative value in the existing economy...eventually the reference can be purely bitcoin..but of course if fiat still exists it will always be compared

4 why not?....freedom of choice.. not everyone interested in bitcoin share that principle but many do.

Some good points there.

I was merely meaning that quicker adoption of bitcoin as a whole may ensue if some of the bigger users started to refer to things with a BTC value putting fiat second.

hero member
Activity: 658
Merit: 501
I've seen loads of topics of people trying to sell things and saying I want x amount of dollars worth of BTC. Surely if someone is so keen on the idea of Bitcoin fiat shouldn't even be mentioned.

They should be prepared in certain instances to take a fiat loss for their beliefs.


While Bitcoin remains volatile their is no problem using stable units of currency as a unit of value while Bitcoin is used both as a secure payment mechanism and than stored as bitcoin so individuals don't lose their money through the theft of taxation or inflation.

Using Fiat like the USD or Euro as the unit of value during a transaction doesn't support fiat outside of psychological recognition those are more stable currencies. In the future when bitcoin stabilizes more this will also drop.
sr. member
Activity: 405
Merit: 250
I've seen loads of topics of people trying to sell things and saying I want x amount of dollars worth of BTC. Surely if someone is so keen on the idea of Bitcoin fiat shouldn't even be mentioned.

They should be prepared in certain instances to take a fiat loss for their beliefs.

1 some people do take small losses on purchases because of the principle

2 Those with the eventual objective of an all bitcoin economy have to initially deal with the reality that while getting to that point it takes time for all the things they need/want to purchase to be available in bitcoin only.

3 During that process a fiat/$ reference allows them to estimate relative value in the existing economy...eventually the reference can be purely bitcoin..but of course if fiat still exists it will always be compared

4 why not?....freedom of choice.. not everyone interested in bitcoin share that principle but many do.
full member
Activity: 154
Merit: 100


Sorry you'll have to forgive me I have no idea what that means.....
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
full member
Activity: 154
Merit: 100
I've seen loads of topics of people trying to sell things and saying I want x amount of dollars worth of BTC. Surely if someone is so keen on the idea of Bitcoin fiat shouldn't even be mentioned.

They should be prepared in certain instances to take a fiat loss for their beliefs.
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