insight.pob present pobstreet in conjunction with @onealfa.pob, where there will be a daily topic raised in which everybody can engage in it, and the daily topic can be reached from the community members, if you have any topics suggestion for the next day drop it in your first or second comment of the day with an #Topic.
The selected topics will be the next day topic, best topic of the week will be selected by the numbers of engagements it attracts.
REWARD
@onealfa × @insight.pob will be rewarding the community members.
Daily
- top daily comments (judge by the quality of the post)minimum of 5 member, if there are more people we will increase the number of people.
weekly
- Topic of the week
reward can be reviewed to add more winners as we are getting bigger.
if you are not in the the categories i personally will be voting accounts according to it engagements daily.
MOTIVES
to attract and bring new members to the pob community.
support new members and guide them on any issues they are facing
to build the pob community and take it to the next level.
comments of the day:
Today's topic
cryptocurrency vs fiat what is your say on this?
Topic from: @insight.pob
- note winners will also be judge by engagements and quality
Thanks.
Good morning all, another question to tackle today
When it comes to cryptocurrency and fiat their are alot of differences to talk about
just as we all know that cryptocurrency are digital payment system that is done without going through any bank verification before confirmation is made...
most of the transaction on cryptocurrency are being recorded in a public ledger that is,money is being store in form of wallet,
Cryptocurrency verify all their transactions through the use of encryption and I believe that is where the name cryptocurrency came from..
Now coming to fiat currency the value on this currency are maintain and regulated by the government that is, the government determine how it will be..
In conclusion by the time you carry out the kind of huge transactions u did on cryptocurrency in fiat currency the government will have start monitoring someone just because their are the one that over the transactions that carry out in fiat currency
the difference between cryptocurrency and Fiat is that cryptocurrency is decentralized and fiat is centralised.
cryptocurrency means and carry a lot of features, and those features gives a lot of freedom to the people. when we talk about cryptocurrency we talk about the blockchain and block chain activities are Wider than just making money on crypto.
there are lot of features on blockchain blockchain can be used for voting and electoral activity of a society.
One year back, I would have said Fiat Currency for sure.
But today, where my understanding stands, I would totally go with CryptoCurrency. The main reason behind that is the concept of decentralization that comes along with it. I would noe never want the Government to intervene in my currency or keep a tap on my transactions. I don't want the Government to come one say and say the currency is not valid anymore. The power that has been vested in crypto is more than what the Government has been playing around with the fiat currency till date.
Crypto is the future for me, I have shifted most of my investments there and the kind of growth I have seen over the past 6 months is nothing compared to what I used to get in fiat currency. There is no looking back for me.
Very funny you.
1 years back they were many comment in my country here that cryptocurrency is a scam due to lack of knowledge and do too many people lose money on it and by buying or entering market at the wrong time and concluding that crypto is a scam.lolss
A time is coming in this world here the only money that will be known is cryptocurrency due to our computer age will make it possible
Nice call. Don't miss the boat now. I have read just recently online that around 15 million Indians are believed to have made investments in private cryptocurrency holdings and Indian cryptocurrency market is expected to grow upto $241 million by 2030. So let's ride the wave now. I am betting my everything on POB now, lol, my retirement plan😁😂.
!PIZZA
what did you see that makes you bet everything on pob you must have seen something special that makes you have such confidence in pob,
in terms of crypto I also bet everything on cryptocurrency because anyone that is into crypto now is still very very early because the total market capacity on crypto is just 2.1 trillion dollars and it is still very low in few years to come we can see 40 trillion dollars on crypto space.
Yeah there is a great war going on between FIAT money and cryptocurrency now between the government and the people.
it is not that the government have a bad motive for not yet officially approve in cryptocurrency but because of its promote illegal transaction and allows scams to be much because it irreversible transaction show government are fighting against it but if government can find a solution to attaching identity to any crypto wallet then greater will become illegal tender to the whole world
Ok, so I invested some 2.5 lac INR in the form of SIPs in a span of 4 years and right now, when the market is at peak, my investment is worth 4 lac. If you talk in terms of the amount, its a great jump but when you bring in the tenure in picture, it is nothing.
On the other hand, I invested some 40,000 INR in crypto 2 months back and it is 60,000 already.
Not only the amount of profits, but also the fact that Governments have also started showing their acceptance towards it and it's an early stage to a good time to get in.
@sugandhaseth! I sent you a slice of $PIZZA on behalf of @vikbuddy.
Learn more about $PIZZA Token at hive.pizza (3/10)
And I bet you can't have a better retirement plan, you have taken the right bus.
Wow!!! I have a lot to say about cryptocurrency, but I will summarize it. Cryptocurrency is liberation against oppression from the people in power, it’s an eye opener, it’s a tool that has showed the world that they deserve better and can be free from the people in power(government). It has proven in its short 12 years of existence that it has done and will do more good than harm.
But fiat is a tool created by the government to restrict, control and cage us.
Cryptocurrency is just here to free us from fiat’s caging.
Thanks to cryptocurrency and thanks to the one who invented cryptocurrency.
The rich is so much oppressed by the poor and the third party are oppressing the transacter so much with thier charges. Thanks to nakamoto for creating Bitcoin to give the poor opportunity to get to the top
Cryptocurrency is a digital and online currency that can't be touched physically like other physical money like dollar pounds bairein and so on.
Cryptocurrency was created to save the poor from the rich for example the government can print Fiat money as they like if needed and that cause Fiat currency to decline in value affecting the poor but a cryptocurrency is created to save the poor from that due to its limited total supply
Crypto also gives independence and privacy.
Cryptocurrency is decentralized with privacy while Fiat is centralized with third party. So your transaction in Fiat is monitored by different third party like banks government but cryptocurrency your transaction is only between you and the person transacted to that blockchain
The great similarity between cryptocurrency and Fiat is that both of them is currency it's just that cryptocurrency can't be touched like Fiat money .
Examples of cryptocurrency is bitcoin the first cryptocurrency to ever existed, ethereum,hive,pob etc
Example of Fiat currency is us dollar,naira,euro,pounds etc.
The evolution of money makes cryptocurrency to exist after Fiat currency
The bitter truth about Fiat currency is that it will always depreciate in value.
What you can use $1 to buy in 10 years ago cannot buy it now.
and what you can buy now you can buy over 10 times ten years ago.
that is because we are the money is always depreciating and the reason why is depreciating is because it can be printed at any time is needed to its total supply is infinity.
but a true cryptocurrency and not a sheet coin or scam project will always appreciate because it has a finite total supply
My say on this is that cryptocurrency is now becoming a replacement to Fiat currency.
Cryptocurrency is now becoming what people are used to and it's gaining currency concentration in some part of the world toward cashless society.
Both Fiat currency and cryptocurrency have a great advantage and disadvantage to the present world.
The advantage of cryptocurrency over Fiat is so good and the disadvantage of cryptocurrency over Fiat is so brutal.
One important advantage of cryptocurrency over Fiat currency is that it's have high privacy while it's disadvantage is that cryptocurrency due to its security and decentralization became a tools for illegal transaction
hello everyone, this question was a great question,i don't really known much about cryptocurrency but i will say the little i know.
the first fact about cryptocurrency and fiat is that they have value than each other, the value of cryptocurrency is higher then the value of fiat.
fiat itself doesn't have any value,the reason is that it is something you can see with anybody, it is what you can see anywhere, and their is nothing you see with people everyday,everywhere, anytime that will have value any more ,that is why fiat fall.
it's not cryptocurrency didn't fall but the rate that fiat fall is higher then the rate that cryptocurrency fall,right now thousands of people invest on crypto became it also save their money.
in conclusion,fiatcurrency is always printed everyday and the value for fiat decrease almost every time.thanks
Now this is the crypto the history of cryptocurrency.
Cryptocurrency was created by an anonymous identity called nakamoto satoshi. And the first cryptocurrency created was named Bitcoin created on a technology called blockchain a peer-to-peer technology that store every transaction and secure every transaction in a ledger in a computerized database.
If the currency was created to enable security and freedom from third-party community with easy transaction and less fee or no fee
There is no currency in this world that can be compared to cryptocurrency presently and past.
The world is now becoming a world of technology where physical things won't have any meaning.
Before telephone they were sending letter to post office from one place to another as a means of communication but nowadays it is of no use anymore due to technology.
Technology is taking over everything including money and I know that is why cryptocurrency exist cryptocurrency is a digital and online based money.
Physical money won't be useful anymore in no time and cryptocurrency online currency will take over the world of money
My vote would be for cryptocurrency. The advantages of a limited supply, decentralization, true ownership of funds, and the ability to send it anywhere in the world far outweigh anything fiat has to offer.
Not all crypto is private. But the option is certainly there with projects such as Monero.
I would love to see a #topic about what features the perfect social media platform should possess. I'm not necessarily referring to a blogging platform.
No doubt and definitely cryptocurrency is the future, doesn't matter how long regulatory authorities ignore it. But yeah fiat is old and comfort habit of everyone and still today a major population of world is unaware of Cryptocurrencies. Also people still feel a bit insecure the adoption of cryptocurrencies over the fiat. In future we can see expect easy and legal adoption of cryptocurrencies that will change the way how payments are made today. Moreover I think cryptocurrencies are just the beginning, who knows we might able to see other forms of virtual currencies. Since the inception of cryptocurrencies we are seeing new sensational trends and experiments every year, its time for some innovation with fiat currency too. 😊👍
My say about cryptocurrency vs Fiat is that cryptocurrency will slowly take over Fiat currency in future to come
Cryptocurrency is the next evolution of money. Money started from trade by barter and now cryptocurrency will be the latest.
Cryptocurrency will surely retain it's value in more years to come unlike Fiat that's why I will always and prefer to invest in cryptocurrency rather than holding Fiat money. Cryptocurrency limited total supply can cause scarcity of the cryptocurrency in the future so is better to buy some for yourself
do you know that do United States dollar falls by 3% yearly this is one of the reason why you have to hold a real project cryptocurrency not because of the profit alone, but for your freedom privacy and control over your money
Hi everyone in pobstreet today
This topic
My say on it is that cryptocurrency is the heir totrhe throne of money where Fiat currency is currently seated. Cryptocurrency owns the future of money because as the world is moving to a age of technology everything now is computerised including the money we will start spending and that's cryptocurrency.
In this present world,no one wants to start using something physical like using cash and centralized currency. People of nowadays now prefer using cryptocurrency as transaction because it's fast transaction and fee less transaction.
That's cryptocurrency power.ci will a/ways support cryptocurrency
History of Fiat
Fiat crrrency first existed in about 1000ad in China to other places in this world.Before then,gold was the popular used cryptocurrency.But the conversion of gold to usd the gold certificate was stopped by a USA president due low numbers of gold and high number of receipt.
Fiat currency such as usd,pounds,euro rupees Yuan get thier value from the supply and demand in the market.Those currency do fall due to hyperinflation because they don't have commodity.
Cryptocurrency world is unlimited while Fiat currency world limited many things.
Fiat money became something crucial for the whole world by a decision of a USA President stop exchanging gold to dollar.
And at that time you were she was the country with most gold so they decided to print the certificate of good which is now today's dollar. so anyone have the dollar already have good but the number of dollar already more than the numbers all go to stored so did US President stopped changing gold to dollar.
Between cryptocurrency and Fiat currency I will prefer cryptocurrency over Fiat currency always because cryptocurrency gives data freedom on your money but the great disadvantage is that if you lost your wallet where you start your cryptocurrency it can't be recovered because there is no third-party required in cryptocurrency transaction so your password is only with you.
So cryptocurrency give me the poor a freedom and an opportunity to get rich and free from the rich people manipulation
Fiats integration in society is going to be difficult to replace with block chain, but the popularity is picking up quickly and crypto may very well be the future.
Blockchain technology seems like the simple solution to almost all modern day financing problems. However it will lead to a cashless society which could end up being a negative thing. Governing bodies will always want their hand in it, I see government's building their own digital currencies instead of using decentralized currency. Ruining the whole idea of crypto.
The future of crypto is unknown, but the future of fiat was sealed once governments took notice of crypto.
Exactly, the government are too corrupt and proud to declare that they are the problem and have been the problem.
Government do not have any power over crypto Mark my words.
They will surely fail crypto has already gained a great ground name and popularity among many people of this world to the extent that it can't be eradicated.
Government have been trying their best to eradicate cryptocurrency but they always fail and the best thing they can do in order not to let power away from them is to own most of the cryptocurrency by buying them now so they can still hold power because if not they will lose power to the people
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If they can make cryptocurrency in form of Fiat currency like e naira usdt that will balance the imbalances between FIAT currency and cryptocurrency or if they can make cryptocurrency centralised as in attach identity to each cryptocurrency wallet then they can stop every illegal transaction that will go on on cryptocurrency to avoid scam.
we all know that cryptocurrency is the future not even the future anymore cryptocurrency is presents, if you wait for the future you will miss a lot.
the early commerce in the cryto space will later be greater, in the race of evolution of money cryptocurrency is the next evolution, Fiat money will always depreciate because of the supply and the centralisation.