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Topic: Will Bitcoin always be dependent on fiat? Is it? - page 4. (Read 12551 times)

sr. member
Activity: 476
Merit: 250
Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
 

I'm sorry if I offend.  Its important to realize that "getting what you wanna" can be done with whatever you wanna.  Maybe an example would help.  Can you tell me something you can't get with gold or bitcoin or bags of rice?  I'll call the guy you want to get that thing from myself and determine a price in all three of those.  To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. 

You mention that your family isn't rich.  I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not.  Kind of the definition of poverty.  Escaping that is up to you. 

I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go  fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who  work there.
legendary
Activity: 3248
Merit: 1070
Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.

i think the topic si not talking only about acceptance, and not, but about the value that fiat is giving to bitcoin

even in the remote case that bitcoin is accepted everywhere, you still need something to give value to it

if it was not like this, how can you know how many things you can buy with 1 bitcoin?
hero member
Activity: 798
Merit: 500
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Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.

That's the reality about bitcoin.. it still need a bigger number of users, and a number of merchants that would accept bitcoin as a payment, otherwise we will still be at this same scenario in many years if we cannot use it outside and in real life  purchasing in a store, lucky are those countries who already have physical stores that accepts bitcoin..
hero member
Activity: 2618
Merit: 548
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Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
 

I'm sorry if I offend.  Its important to realize that "getting what you wanna" can be done with whatever you wanna.  Maybe an example would help.  Can you tell me something you can't get with gold or bitcoin or bags of rice?  I'll call the guy you want to get that thing from myself and determine a price in all three of those.  To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. 

You mention that your family isn't rich.  I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not.  Kind of the definition of poverty.  Escaping that is up to you. 
sr. member
Activity: 476
Merit: 250

[] the thing is bitcoin isnt allowed to  be anywhere ,market ,gas station []


What?  Anybody who wants to can use it, there is no "allowed".  What did you mean by this? 

I were trying to say that you cant pay your fuel with bitcoin at the moment.Soo yes you will still need the fiat to make something that i consider normal as buy fuel,the same thing happens when you wanna to go supermarket buy the things to your home,you cant pay with bitcoin ,and this is something you really need to survive,food.

So let me get this straight.

You think the only way that food could arrive to you is if you trade a fiat currency for it? 

Have you never traded bitcoin, or for that matter, labor, goods, or services for food?  Nothing?  I'm curious where you are from

Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
legendary
Activity: 3318
Merit: 1133
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Yes because we need something to compare to what the value of bitcoin is. But right now, fiat controls all of the currency market if that can change somehow in next hundred years I think its possible for bitcoin to replace fiat. For me fiat is fundamentally flawed and totally corrupted so I would like that to happen one day! Question is will we see that in our life time or not?

I guess not. There are still a big percentage of poor people in the world. First they need is knowledge. How will they get knowledge about this bitcoin thing if they are not that well educated. Next is ACCESS, how can they access it. Basically, one option is a smartphone. How can they buy a smartphone if they dont have a bitcoin. Because it is the bitcoin world right?
So if you want to help them even for a little you cant give alms because he needs a smartphone again.

Many more to consider.
legendary
Activity: 2940
Merit: 1083
Yes because we need something to compare to what the value of bitcoin is. But right now, fiat controls all of the currency market if that can change somehow in next hundred years I think its possible for bitcoin to replace fiat. For me fiat is fundamentally flawed and totally corrupted so I would like that to happen one day! Question is will we see that in our life time or not?

Yes that day would be a great day for us. But I think we will not be alive at that time. That is the sad thing though. This world have many problems and to change that fiat to a new currency will take a lot risk.
legendary
Activity: 3248
Merit: 1179
Yes because we need something to compare to what the value of bitcoin is. But right now, fiat controls all of the currency market if that can change somehow in next hundred years I think its possible for bitcoin to replace fiat. For me fiat is fundamentally flawed and totally corrupted so I would like that to happen one day! Question is will we see that in our life time or not?
hero member
Activity: 756
Merit: 500
Until we all got a job that pays in btc, I think it willbe hard...

i can't pay my bills with btc... the currency itself it's awesome but the world is not ready yet.

there's a very tiny minority who has this possbility, sure it's not me... I do lotta btc with mining, but my CC can't be paid using btc and my official job is paid in a normal form.

Hope that day comes Cheesy
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!

[] the thing is bitcoin isnt allowed to  be anywhere ,market ,gas station []


What?  Anybody who wants to can use it, there is no "allowed".  What did you mean by this? 

I were trying to say that you cant pay your fuel with bitcoin at the moment.Soo yes you will still need the fiat to make something that i consider normal as buy fuel,the same thing happens when you wanna to go supermarket buy the things to your home,you cant pay with bitcoin ,and this is something you really need to survive,food.

So let me get this straight.

You think the only way that food could arrive to you is if you trade a fiat currency for it? 

Have you never traded bitcoin, or for that matter, labor, goods, or services for food?  Nothing?  I'm curious where you are from
sr. member
Activity: 476
Merit: 250
it will be. like the example you said, and
also because the price of bitcoin is not
stable. but if the popularity of bitcoin is
higher than fiat currency, maybe it won't
depend on fiat currency.
if only popularity not a adoption. I think bitcoin will continue to rely on fiat. because the key is adoption.
Do you think bitcoin is already popular now?
hero member
Activity: 574
Merit: 500
Firstly; yeah, bitcoin does depend in its value in fiat nowadays and that's because its value is not stable yet. About the future, it depends on which one will last more; fiat money or bitcoin
sr. member
Activity: 476
Merit: 250

[] the thing is bitcoin isnt allowed to  be anywhere ,market ,gas station []


What?  Anybody who wants to can use it, there is no "allowed".  What did you mean by this? 

I were trying to say that you cant pay your fuel with bitcoin at the moment.Soo yes you will still need the fiat to make something that i consider normal as buy fuel,the same thing happens when you wanna to go supermarket buy the things to your home,you cant pay with bitcoin ,and this is something you really need to survive,food.
full member
Activity: 238
Merit: 100
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The answer is simple, yes bitcoin will always be dependent on fiat and the reason is we cannot spend our bitcoins directly anywhere, and in future also we need fiat as we won't find all shops accepting bitcoins.
sr. member
Activity: 476
Merit: 250
This will be connected the same way others altcoins are traded against bitcoin,we need fiat to our life and bitcoin will be exchange and need the support of it otherwise have bitcoin would be almost useless ,since the markets avaible to spend bitcoin arent yet allowing you to buy anything with a warranty .
full member
Activity: 205
Merit: 100

[] the thing is bitcoin isnt allowed to  be anywhere ,market ,gas station []


What?  Anybody who wants to can use it, there is no "allowed".  What did you mean by this? 

He mean to say that he cannot use it in market or gas station as they don't accept bitcoin as a mode of payment, and he need to spend fiat at all places so bitcoin can never replace fiat.
hero member
Activity: 504
Merit: 500
No it will not I think its just a matter of time before the bitcoin gets itself independent from fiat.
Of course this will be, a journey but it can happen for sure its just that we need patient to let the bitcoin works things out.
agree. actuallybitcoin be used without relying diligently. If you are using bitcoin in online. because many online merchants that accept bitcoin.right ? different in offline is still very little. This is just about time
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!

[] the thing is bitcoin isnt allowed to  be anywhere ,market ,gas station []


What?  Anybody who wants to can use it, there is no "allowed".  What did you mean by this? 
hero member
Activity: 952
Merit: 1000
I dont see it happening in fuutre, even if bitcoin skyrockets,  there would be many people who will continue to use fiat especially in poor countries where people don't have access to internet and electricity.
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