Agreed.
The first 3 points are very important:
1. Easy access
2. Quick and easy payments
3. Costs less
But 4. Private, you should let it option, if you want it more popular and accept by government.
Topic: Advantages of Cryptocurrency - page 5. (Read 718 times)
I don't think using cryptocurrency will make you anonymous user because the transaction is plain public both sender and receiver can be tracked through hash code that which can be accessed also through blockchain explorer and scanner.
Are you really sure about it? or you just heard about it and you're just repeating here what you have heard out there from those people who doesn't really appreciate the beauty of cryptocurrency. I am receiving money from the other side of the world via bitcoin so try tracking it if you can really track it or accessed it. No one will be using this kind of service if what you're saying is really true.
and the economical way of transferring money.
I agrre with you,
Cryptocurrencies give governments and central banks pause. They slowly begin to notice that they can no longer continue to debase their currencies without driving people into crypto-currencies, which would actually accelerate the debasement and make their mistakes more obvious.
Cryptocurrencies give governments and central banks pause. They slowly begin to notice that they can no longer continue to debase their currencies without driving people into crypto-currencies, which would actually accelerate the debasement and make their mistakes more obvious.
yes.
now a day many government try to accept this blockchain technology.
if Cryptocurrency taxable i think many country government will accept .
and central bank.................
Making the crypto taxable is not a good thing you think? If you transact coins, there is a transaction fee which is so big. So if you add the tax even more, what left of the people who transacting it?
quick and easy payment, not working if you use bitcoin now, normal fee is between 60k-100k satoshi..
but i agree with you about easy acces, this is some people need for transaction, without wasting time
but i agree with you about easy acces, this is some people need for transaction, without wasting time
Yeah, considering local payments it is too high fees for BTC. For payments from one country to another probably it will be ok. At the same there a lot of other altcoins like Ripple with low fees.
There are so many advantage of crypto currency for an instance if we want to transfer some of my money to other person I have to go to the bank then bank will teansfer, here I have to spoilt my time and fees on the other hand in crypto currency I can make a trasfer within few minutes without time lost most securely. In bank if I have a account how is balance its can know other person but in crytp currency can't know my balance.Also there are some disadvantage too.
quick and easy payment, not working if you use bitcoin now, normal fee is between 60k-100k satoshi..
but i agree with you about easy acces, this is some people need for transaction, without wasting time
but i agree with you about easy acces, this is some people need for transaction, without wasting time
I think the most important advantage is the total supply is constant. No one can generate more coins when compated to the fait currency. That means the coins will be expensive if it is useful.
I don't think using cryptocurrency will make you anonymous user because the transaction is plain public both sender and receiver can be tracked through hash code that which can be accessed also through blockchain explorer and scanner.
You are anonymous because anyone transacting with you does not need to see you physically or need you name and address.Im happy knowing that this cryptocurrency is totally available in public because you can easily access everything that was mentioned here. Very much thankful for these.
Advantages of Cryptocurrency and also disAdvantages of Cryptocurrency already post at first page
but at some point, new coin is born that said to fix where BTC still not improve
the list at first post can change depend on the case
such as if we talk about anonym monero is good example, not BTC
but at some point, new coin is born that said to fix where BTC still not improve
the list at first post can change depend on the case
such as if we talk about anonym monero is good example, not BTC
For me. The simplified advantage of cryptocurrency specially in altcoin is that you will gain more profit than those popular coins such as bitcoin, ethereum, etc. But if you are looking for the general cryptocurrency then the advantage is that it is accessible by a lot of people, with capital money or not.
I think I will pick number 9 and 10: No third party and No boundaries, these two for me is what makes crypto attractive to most people, anyone from anywhere can invest into a project with no barrier within, althought the KYC is making it difficult recently
I think the most important advantage of cryptocurrency is the decentralization. They are international and no organization or government can control it. So it is safe. Every node can share all the information.
There are so many advantages of cryptocurrency,but what I like most is that there's no middleman involve.You can make transaction on your own and you can direct negotiate to those who wants cryptocurrency.Example of this is that when you buy real property,there's no need expensive brokers,lawyers and other typical middlemen who inevitably raise the costs of already expensive transactions.In this way we can save more money for the good of our future.
The crypto currency gives the more privacy for us to make a p2p transaction or basically removed the middle party with high transparency. The cheap fees can be considered as the main advantages of crypto currency. But remember not a lot of people are interested by using it as payment method.
There are so many advantages of cryptocurrency,but what I like most is that there's no middleman involve.You can make transaction on your own and you can direct negotiate to those who wants cryptocurrency.Example of this is that when you buy real property,there's no need expensive brokers,lawyers and other typical middlemen who inevitably raise the costs of already expensive transactions.In this way we can save more money for the good of our future.
But still, sometimes I don't feel safe here because there is still a possibility that I am going to lose my money. And even though there are countries that don't accept cryptocurrencies, there are also countries that accept it but wants to tax it.
Nice posts but looks like that you copied from somewhere and pasted here, if that is the case then you should give credits or reference to the original post.
There are so many advantages of cryptocurrency. Security is better in cryptocurrency because it is digital and encrypted. And it is hard to steal your money compared to fiat currency. Another one is easy access to everyone because nowadays when we almost rely on mobile devices to conduct financial transactions. And it is designed for low cost fee and no-fee transactions that's why it's becoming popular. Lastly you have full control of your digital wallet unlike traditional banks that you need to follow their terms.
The only thing I found on the disadvantage issue is there's no way to reverse the transaction, once it's sent and in pending queue there's no way to stop it or to cancel it because blockchain system is not designed that way.
Quote
1. Easy access
I would argue, do you consider Bitcoin wallets to be user friendly piece of software?Quote
2. Quick and easy payments
I think Bitcoin payments are not quick. Sending SMS is quick, wait 1.5h for confirmation isn'tQuote
3. Costs less
I becomes less and less true for BitcoinQuote
4. Private
Yes, but only till you want to withdraw into fiat.Quote
5. Highly secured
Yes, but till quantum computers arriveQuote
6. Remain anonymous
True, to some degree.Quote
7. Your details are safe
True, if you don't withdraw to fiatQuote
8. No chargebacks
Except sometimes, I mean hard forks.Quote
9. No third party
You always should trust someone, anyway. With Bitcoin you trust developers that there are no bugs in wallet, for example.Quote
10. No boundaries
Except it's blocked on state level which can be easily doneSorry for this critics, but cryptocurrencies' sky is not that cloud-free
There are always these "but..."I agree with the critic because I think about it earlier ago after reading the advantages thread so the bottom line is cryptocurrency doesn't have much advantages except digital currency is better than fiat.
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