Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Gubre on May 21, 2018, 04:52:21 AM

Title: fiat and cryptocurrency
Post by: Gubre on May 21, 2018, 04:52:21 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?
Title: Re: fiat and cryptocurrency
Post by: Aliados on May 21, 2018, 07:34:24 AM
It is depends on everyone's situation. If no choice then let your coin converted to fiat. Somehow it should be fiat converted to crypto. We have our own decision in life. We chooses what we like and avoid what we don't.
Title: Re: fiat and cryptocurrency
Post by: Bobcrypto on May 27, 2018, 03:59:05 PM
Yes! Everyone has choice, you can decide to choose cryptocurrency rather than fiat, but i prefer digital coin to fiat because, at least, for the one reason, you are your bank and in control of your cash at any time and every where you go.
Title: Re: fiat and cryptocurrency
Post by: altery0518 on May 27, 2018, 04:57:10 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?
Both choices plays important role in our economy althoug h cryptocurrency is very important in investing but still fiat is very important in our local payment system because it does not require internet connection to complete payment transactions.
Title: Re: fiat and cryptocurrency
Post by: Raboni on June 01, 2018, 06:24:46 AM
I choose both because there are same advantage for crypto and fiat. Once you only choose one there will have unbalance situation so much better to choose both.
Title: Re: fiat and cryptocurrency
Post by: spatialiste on June 04, 2018, 01:57:44 AM
Both are important, but today I have more confidence in cryptos than in Fiat, and either I put my money in real estate or cryptos but not in Fiat, the day the cryptos cards will be available I will do my best to be disconnected from the Fiat system.
Title: Re: fiat and cryptocurrency
Post by: Zoldyck on June 04, 2018, 10:47:18 AM
For me im going to choose Cryptocurrency because your money in crypto are pontential to grow and once you convert it to fiat money have possibility to much higher so we called that profits on our own.
Title: Re: fiat and cryptocurrency
Post by: comer on June 04, 2018, 12:11:59 PM
fiat still the mother of all coin.. we bounty hunters and even investors gets coin ang then convert to fiat... fiat still the medium of exchange and use worldwide.
Title: Re: fiat and cryptocurrency
Post by: carcas on June 04, 2018, 04:45:23 PM
if the situation of the dollar has increased very well keep your money and wait until the price of crypto decreased.
Title: Re: fiat and cryptocurrency
Post by: Falcon on June 04, 2018, 05:38:12 PM
Nowadays I will choose both because money circulating all over the world and visible. While crypto is not known so far in our time by the people in the world.
Title: Re: fiat and cryptocurrency
Post by: u01p113 on June 04, 2018, 05:54:07 PM
I like cryptocurrency a lot and i believe that it has a potential to replace fiat currency but I think it is a long way to go to replace fiat. Of course, I have both. 
Title: Re: fiat and cryptocurrency
Post by: FastCrypto on June 04, 2018, 06:08:38 PM
I think Fiat will be dead soon and nothing can stop it. Either it will be just digital - e currency or it will be totally crypto world. I think it depends how US institutions will decide to regulate it. 
Title: Re: fiat and cryptocurrency
Post by: luvr1000 on July 27, 2018, 11:07:33 AM
I like when everything is like now two sides and the usual money and crypto currency, it will be better for everyone, and no one will be offended
Title: Re: fiat and cryptocurrency
Post by: dekafee79 on July 28, 2018, 04:50:40 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

For now, Fiat money is dominating now. Maybe in the coming future the crypto currency will dominate and will be needed.
Title: Re: fiat and cryptocurrency
Post by: TERMINO on July 28, 2018, 05:05:52 PM
Money was the first invented in the world before crypto. So it is much better to choose money then crypto. Both will bring us to possible good result when time comes. It is just a matter of handling well.
Title: Re: fiat and cryptocurrency
Post by: Mbah Jenggot on July 28, 2018, 06:59:22 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

I think at the coming future crypto currency will replace fiat money. For Now, I prefer use fiat money.
Title: Re: fiat and cryptocurrency
Post by: Power on July 28, 2018, 08:46:54 PM
i will choose cryptocurrency to be the next system in our payment system. It is the best replacement for fiat money.
Title: Re: fiat and cryptocurrency
Post by: mrphilippine on July 28, 2018, 09:39:31 PM
Changing fiat currency is difficult and near to impossible but we can use crypto currency as a form of option on making exchanges and transaction in the market.
Title: Re: fiat and cryptocurrency
Post by: nakmantu99 on July 29, 2018, 03:52:19 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

For now, Fiat is still dominating. But Maybe at the coming future We will see crypto currency dominate.Lets see.
Title: Re: fiat and cryptocurrency
Post by: mahadev on July 29, 2018, 03:57:37 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

I think crypto currency is the future currency, It will be dominate in the coming future. But For now, Fiat money is still dominating.
Title: Re: fiat and cryptocurrency
Post by: Coffeeman on July 31, 2018, 12:13:12 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

As soon as I learned about the blockchain system and cryptocurrencies, I was very interested in it, it is progress in the global economy.
But at the moment, cryptocurrencies have not yet fully integrated into our daily lives, and their application causes difficulties.
Think on this forum you not will find moreover who will give preference Fiat money, but and in the same time all enjoy in cash money.
But we believe that this time will come when cryptocurrencies will take their full purpose. ;)
Title: Re: fiat and cryptocurrency
Post by: de_prof on July 31, 2018, 01:22:35 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?
 


I like Both, Fiat and crypto currency. I think at the coming future crypto currency will replace fiat.
Title: Re: fiat and cryptocurrency
Post by: jonathancool220 on September 06, 2018, 11:56:32 AM
FIAT must always be in your savings, because after all FIAT is needed for transactions in your country where you live.
cryptocurrency is a job object that you can replace when you have no profit and can find another job.
Title: Re: fiat and cryptocurrency
Post by: idranus on September 16, 2018, 05:49:00 PM
I prefer to use fiat money because in my country the crypto currency cannot be accepted by the government
Title: Re: fiat and cryptocurrency
Post by: pelana vreo on September 16, 2018, 06:04:34 PM
Crypto has a constantly changing value, unlike Fiat, Fiat has a very stable price. But Crypto is faster for transactions and security of your funds during online transactions. we need fiat for daily needs. What if one day there is no internet where you are on vacation, you need fiat at that time to buy the items you want.
Title: Re: fiat and cryptocurrency
Post by: sugarchrisp on September 17, 2018, 12:31:03 AM
Crypto currency is the future, I believe.  Fiat currency comes with an inherent debt attached to it, and the government basically controls how much that debt is.  There's nothing stopping them from printing more money and causing all existing money to become devalued.  This is not the case with cryptocurrency.  Once a project is started, you know exactly how many coins there will ever be.  No one can just decide "oh, let's mint another 100 million bitcoin."  This is an important difference between fiat and crypto.  Fiat currency definitely still has it's place, as governments need funds to build roads and schools and infrastructures like that, but their control is definitely being diminished through bitcoin and other cryptocurrencies. 
Title: Re: fiat and cryptocurrency
Post by: sampoerna on September 21, 2018, 04:30:11 AM
Even though crypto money is better the system, but I think everyone here can't get rid of fiat money. Every bitcoin transaction is always measured from the dollar value (fiat money). And to take advantage, we also have to exchange it for fiat money.
Title: Re: fiat and cryptocurrency
Post by: dominoes on September 21, 2018, 04:37:47 AM
I still love fiat exist during the time of crypto era. Fiat will help crypto into a massive engagement with the people because fiat is the first loved by the people.
Title: Re: fiat and cryptocurrency
Post by: Ryanpogz on September 21, 2018, 04:43:57 AM
I still love fiat exist during the time of crypto era. Fiat will help crypto into a massive engagement with the people because fiat is the first loved by the people.
The word “Fiat” comes from latin and in English was transformed into “faith”… “fiat money” means that the money is not worth anything in itsef physically, its only worth is that you “have faith” that you will be able to exchange it for something else in the future. In that context, cryptocurrencies are also technically “fiat currencies”.
To sum up differences between traditional- and crypto- fiat currencies (depends on actual implementation):
1/ Traditional currency is issued by some central body (a central bank), which has the authority to create or remove the currency from circulation. The risk is that the issuer is in the short term motivated to print more money, which dilutes the value of the currency for anybody who holds it. This is not the case for example with bitcoin, where the creation of new coins cannot be controlled by anybody individually, and is very predictable. But not all cryptocoins are created equal, some have centralized authority that can control them much like a central bank (but this would be a fringe minority).
2/ Cryptocurrencies exist only in digital form… classical currencies also have physical coins and banknotes. Digital records of classical currencies are maintained by specific institutions, such as banks. Records of crypto currencies are usually distributed across large peer-to-peer networks. This neccessitates a different approach to security and encryption… hence the name “crypto”.
The first point is actually the crux of the matter… the fact that supply of a currency cannot be manipulated, the transfers are not regulated and offer a high degree of anonymity, that cryptocurrencies defy governments and authorities - this is the major factor for people who actually want to use crypto for transactions.
Another side of the coin is that government collects taxes in its own currency (so you WILL have to have it, because the government will come and ask for taxes - there is no such driver in cryptocurrencies that would literally force you to obtain them), and the currency is also legislated to be “legal tender” - meanig that it can be legally used to extinguish any debt (if somebody owes you a car, and he has no car to give you, he can legally extinguish the debt by giving you money that is legal tender instead. Again, cryptocurrencies do not hold this special status of legal tender - you MIGHT agree to settle the debt by getting BTC instead of the car, but with money it can be done even if you don’t agree to the change). Legal tender status is another appeal of traditional money..
Title: Re: fiat and cryptocurrency
Post by: Hisbullah on September 21, 2018, 08:50:18 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

I think Fiat money will exist for long year again. Because The banks and government keep the own currency.
Title: Re: fiat and cryptocurrency
Post by: DataChain on September 21, 2018, 09:03:46 AM
two things are indeed very closely. both resulted from online. It's just a different scope. However, I think between the two, now crypto is more popular and also more able to reliably.
Title: Re: fiat and cryptocurrency
Post by: Cakra bumi212 on September 21, 2018, 02:29:12 PM
I think everything is good and each has advantages and disadvantages.
Fiat money itself is an official exchange medium and is always used in daily transactions in the community, made by a country. With this money, the state can control the inflation rate and the living standards of its people.
While crypto money itself was created to provide convenience for its users in all social aspects. But lacking Crypto money not all countries legalize it and not everyone can accept it in the transaction
Title: Re: fiat and cryptocurrency
Post by: Zoe on September 21, 2018, 02:48:27 PM
I think fiat and cryptocurrency are different things. Fiat money is money that used by people for everyday life, while cryptocurrency is more suitable for use as an investment. all of them already have their respective roles. only time can change it.
Title: Re: fiat and cryptocurrency
Post by: densus88 on September 21, 2018, 03:05:02 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

I think I will choose crypto currency. Because crypto is the future technology, It is good for invesment and payment system.
Title: Re: fiat and cryptocurrency
Post by: Arendra on September 21, 2018, 04:46:50 PM
If Crypto really can replace Fiat it is very difficult and it is almost impossible although nobody knows about the future. But honestly, I prefer fiat than Crypto for stable saving. Because my goal in entering the Crypto world is to get the maximum profit and withdraw it in the form of Fiat money. I am sure everyone will be the same as me.
Title: Re: fiat and cryptocurrency
Post by: Sapp on September 21, 2018, 05:10:34 PM
Fiat money is money that people use for everyday life, while cryptocurrency is more suitable for investment. all have their respective roles. Because fiat and cryptocurrency are different things.
Title: Re: fiat and cryptocurrency
Post by: rapheal on December 17, 2018, 04:59:54 AM
Both fiat currency and cryptocurrency has its advantages and disadvantages,fiat currencies are commonly uses and accepted by commercial banks world-wide while crypto currencies are digital currency that are vast,seamless and stress free and with a new form of technology which is the blockchain.
Title: Re: fiat and cryptocurrency
Post by: indexx on December 17, 2018, 10:30:14 AM
Fiat and crypto are needed. Both will be together to improve the world finance. I don't think to remove one of them. Fiat is irreplaceable, people will be always needed, except all governments can make gold-plated currencies.     
Title: Re: fiat and cryptocurrency
Post by: tervel on December 17, 2018, 10:42:10 AM
Fiat and crypto are needed. Both will be together to improve the world finance. I don't think to remove one of them. Fiat is irreplaceable, people will be always needed, except all governments can make gold-plated currencies.   
Fiat and cryptocurrency are interrelated.The exchange of both currencies maintains a huge condominium system.
Title: Re: fiat and cryptocurrency
Post by: cashbit on February 10, 2019, 08:23:26 AM
I need both of them, and I don't think one of them is better. We shouldn't put all our money on crypto investment, some need to keep in Fiat or in banks. Cryptocurrency has many risks that may endanger our capitals.
Title: Re: fiat and cryptocurrency
Post by: Domithra on February 10, 2019, 08:49:56 AM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?
There has been lots of issues pertaining to the existence of both fiat and cryptocurrency. A vivid search through the history of cryptocurrency will reveal the numerous conflict between these two bodies of finance due to the concept upon which fiat and cryptocurrency operate on, centralization and decentralization respectively. Fiat can never die off because it has got the backing of the government and it is through fiat that the government derives a level of power over the people. I see cryptocurrency and fiat coexisting instead of one replacing the other.
Title: Re: fiat and cryptocurrency
Post by: AquaX on February 10, 2019, 10:22:25 AM
I believe that cryptocurrencies, in its current form, cannot replace fiat money. The issue is about monetary policy  deflationary (keeping quantity constant) versus inflationary (allowing quantity to increase).
Title: Re: fiat and cryptocurrency
Post by: paolobaltimori on February 10, 2019, 11:10:19 AM
I think they can co-exist in real life without any problems... you can use fiat for common payments and crypto for some purpose like charity or transaction when you don't want any third intermediary.
Title: Re: fiat and cryptocurrency
Post by: Alcor on March 06, 2019, 07:20:50 PM
Whatever cryptocurrency is not convenient and useful for society, we still cannot do without ordinary national money. As a matter of fact, the matter is not even in ordinary people, although some of their categories will never switch to the exclusive use of cryptocurrency. No state will ever give up their national money in favor of decentralized cryptocurrency. As long as there are states with different conflicts of interests, we will not be able to switch to cryptocurrency. This will be possible only when a single government exists on Earth.
Title: Re: fiat and cryptocurrency
Post by: RapidRabbit on March 07, 2019, 05:27:34 PM
Maybe one they the difference between crypto and fiat won't be so big. Even now we have a possibility to pay with crypto in many places. I ate launch in restaurant in Warsaw where clients are able to pay with owners currency, FuturoCoin (https://futurocoin.com). The distance between fiat and crypto is getting smaller every year
Title: Re: fiat and cryptocurrency
Post by: Speaker on March 08, 2019, 12:42:53 PM
I am sure that in the future we will see a synergistic effect when Fiat money will use the advantages of cryptocurrencies-such as cheap commissions , speed and transfer anywhere in the world quickly and cheaply.
Cryptocurrency will not be allowed to exist independently, at least in the form in which it is now.
Title: Re: fiat and cryptocurrency
Post by: masterrex on March 08, 2019, 12:57:30 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?
I think your getting it out of context in some portion crypto-currency is a revolutionary technology invented, just dont look at it on the bad side consider it as a whole, in fiat money where usually transacted inside a bank you cant transfer funds in millions without the montrous fees charge by centralized banking while in crypto-currency you only charge pennies with instant transaction, thats the huge difference by the way if you want a cryptocurrency that has stable in value you can have the stable coins.
Title: Re: fiat and cryptocurrency
Post by: comer on March 08, 2019, 01:44:39 PM
Which will you going to choose after the crypto currency invented and see how it worse, will still love to let fiat money exist or change it with crypto?

I love fiat, its exist long time ago and replacing or changing the system would be very hard. It is mostly use by all of the people in the world, and I think crypto is not yet ready to take over fiat system. The world must unify first and accept the crypto system in order to have a smooth transition from fiat to crypto...
Title: Re: fiat and cryptocurrency
Post by: UNIVERSE on March 08, 2019, 02:49:03 PM
Nope, both fiat and crypto are very worth it for me. First, fiat is the one that will make my life easier daily. This is also used for all kind of society in this worldwide without the gap of technology. This society is very varied and we cannot apply crypto for all transactions, this is too difficult. Crypto can be part of the transaction method and investment, but not for replacing fiat.
Title: Re: fiat and cryptocurrency
Post by: ribowo76 on March 08, 2019, 05:27:09 PM
If possible, I personally prefer to use crypto for all payment transactions. But unfortunately, for now. That seems impossible, because there are still many countries that are not ready to apply the payment system using crypto
Title: Re: fiat and cryptocurrency
Post by: Malam90 on March 09, 2019, 08:01:54 AM
Fiat currencies will alive and also digital currency like BTC, ETH and some strong coins. Some people say, digital currencies will replace fiat currencies but i don't think so. There are many areas and many people who are illiterate, there digital currency is a difficult term. Fiat and digital will exist.
Title: Re: fiat and cryptocurrency
Post by: Altcoin1998$ on March 09, 2019, 02:13:57 PM
Fiat and cryptocurrencies both are very popular and important in economic concepts. Bank like Fiat and dislikes cryptocurrency. But people now starting to like bitcoin and cryptocurrencies.
Title: Re: fiat and cryptocurrency
Post by: sr.arthur4868 on March 09, 2019, 05:42:29 PM
I am still happy with fiat money. Although investing in crypto is very profitable for me. But for now, I'd better save it in Fiat. Still observing the situation, whether to re-invest in crypto or not.
Title: Re: fiat and cryptocurrency
Post by: trauchot on March 09, 2019, 07:26:22 PM
So far, I will choose fiat money because they are recognized all over the world and it’s easier with them, if governments will recognize cryptocurrency all over the world and will make it legalized, of course I would not mind if the whole world would switch to cryptocurrency.
Title: Re: fiat and cryptocurrency
Post by: @Royale on March 09, 2019, 08:55:54 PM
It is very clear that technology is on the rise [and cryptocurrency is surely a big part of that technology], but for those people who were living in extreme poverty, cryptocurrency is anything but just one plain simple word and mean nothing at all. Those people living in rural areas [far away provinces with still no electricity], i believe, fiat is the only currency they were familiar with and will accept.

Despite the given fact above, for some who were given the opportunity to be knowledgeable about and earned a lot from cryptocurrencies, there is no doubt that this will be their preferred one. With reasons like; no middleman, trustless design, secure, etc.
Cryptocurrency is very much still volatile that's why, i, personally, still prefer fiat than cryptocurrency. In addition, we still need fiat to buy those cryptocurrencies in the first place right?





Title: Re: fiat and cryptocurrency
Post by: aiviaa485 on March 10, 2019, 07:39:26 AM
Cryptocurrency cannot replace FIAT because on its basis it cannot be stable.
With the existence of cryptocurrency it is the same as providing opportunities for trading, as a valuable asset, if combined with FIAT it will create a result in the form of profit and loss.