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Topic: Are cryptocurrencies better than regular currency - page 23. (Read 19667 times)

full member
Activity: 336
Merit: 103
The mostly used regular currencies like dollar or euro are issued and controled by central banks and every year they print more and every year it continue to los its value because of that.

So if you have worked 30 or 40 years and will live another 20 or more years you could be still depend on the government because the value you have created during your work time is vanished or mostly vanished.

Based on this circumstance, any other value storage system like crypto currencies are of course better.
sr. member
Activity: 700
Merit: 251
Cryptocurrencies are not capable of instant transactions while fiat can. Also, it is not that popular yet so there are not too many shops that accept it as payment. That being said fiat has its own cons like it is affected by inflation and it is centralized. So I think no one is better than the other.
In my view both are better in their own areas as crypto creating too many chances for new devs and technology and fiat have his own impact we cannot ignore any one right now Crypto cannot replace fiat because most of time in real life we need instant transactions and crypto cannot do this for us
full member
Activity: 378
Merit: 102
Cryptocurrencies are not capable of instant transactions while fiat can. Also, it is not that popular yet so there are not too many shops that accept it as payment. That being said fiat has its own cons like it is affected by inflation and it is centralized. So I think no one is better than the other.
hero member
Activity: 966
Merit: 501
Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
I don't think that crypto are better than regular currencies as cryptocurrencies can't work offline and require Internet for their usage. Moreover transactions of crypto like Bitcoin require high fees which makes them unsuitable for small valued transactions.
Moreover, the market of crypto is not stable and is very volatile which makes their daily use a little difficult.
full member
Activity: 1036
Merit: 109
Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

I really think it is because cryptocurrencies are volatile which makes it profitable and worth investing. Unlike, fiat money, it's value if fixed and it doesn't increase or decrease a lot. Cryptocurrencies are better to use for any transactions. Doing transactions through cryptocurrency is more convenient.
sr. member
Activity: 406
Merit: 250
Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

If you say that bitcoin is better than fiat for transaction, I won't agree. because bitcoin is a horrible transaction processor. It takes at least 30 minutes for a transaction to get confirmed. That's not fit for real world transaction. However, if you say that bitcoin is a better investment than fiat investment, then I will surely agree. Because the kind of return bitcoin can give no other real world investment will be able to provide.
full member
Activity: 532
Merit: 101
Obviously, users would tend to prefer cryptos more and the reasons would not be far from its exchanging value compared to paper money. Another reason is the decentralized nature which makes someone to use the coins from anywhere without being monitored or controlled. They are actually better.
I think people mostly prefer crypto only for their more profitable value than fiat. There are so many other businesses like gold and silver trading and all that but why people are converting into bitcoin is of only one reason is to make more money. Plus as you said, there is anonymous behaviour for which bitcoins are most likely to be used.
hero member
Activity: 729
Merit: 500
Knowing you can trace almost all cryptocurrencies, it would be amazing to have acess to where the money the country collects is being used for, currently those informations are kept with a few people wich use and abuses at prices for the services and products they provide. Crtypto world has becamed like a new world full of opportunities to make and earn money over trading, i dont see such potencial into fiat.
full member
Activity: 504
Merit: 106
No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.
Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. 
In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .

Its not really useless even on rich people too knowing that theres no people have been selected on who would be the one to make use of it.As long we can able to make use on cryptos we can really send funds in a matter of clicks which is more comfortable compared into those money remittances.They do really have already a competitor when it comes to money transfer and im sure they are aware on the existence of crypto as of now.
Comport has come, yes. We are really making some rest now a days. Everyone is getting into this bitcoin business and now things are more likely to be in control.

Services are being enhanced and we are all much easy to send any amount to any corner of country. For rich or for poor, I must say there is no term of useless.
full member
Activity: 269
Merit: 100
Yes, I believe cryptocurrencies are way more better than real money cause of their availability worldwide. You can use any cryptocurrency no matter which country you are in and this is a really huge feature for me because I live in a country where there are only local credit cards which allows you to buy things only locally , my country's credit cards won't work elsewhere so I mostly depend on bitcoins to pay for many services and products online. One other feature that I like is the fact that cryptocurrencies are decentralized so they are more secure than other centralized payment methods such as PayPal. If Paypal servers got hacked then you might loose your money but in case of cryptocurrencies that will never happen thanks to the wonderful block chain technology.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
In the future, if our society really turns to be a cashless, then cryptocurrencies will be better. But right now, its still good to have a physical fiat money. Because there are shops that prefer to be paid in cash specially in a country that doesn't have a good support structure for Credit Card and crypto. So we still need them both. Please banks would still exist eventhough we became cashless society. They will still act as middleman for every transaction if ever a cashless society is establish in the future.
full member
Activity: 504
Merit: 100
Probably it's better than paper money because it's a universal currency. Everyone can have one and you can purchase whatever item available in bitcoins without ever having to exchange yout coins to some other currency of lower value. Cryptocurrency is better in a technological aspect and it's really convinient to have for a tech savvy person like me.
full member
Activity: 546
Merit: 101
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Better or worse me personally less able to determine, the both of course have the advantages and weaknesses of each and i think the both are very needed by us. For the crypto currencies maybe its advantages there are on the system / characteristic that doesn't make us complicated without restrictions to transact as well as ease in transactions and indeed very private, it's just the value easily influenced by various things (not stable) and the governments hasn't really formalized it.
hero member
Activity: 2576
Merit: 582
Leading Crypto Sports Betting & Casino Platform
No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.
Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. 
In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .

Its not really useless even on rich people too knowing that theres no people have been selected on who would be the one to make use of it.As long we can able to make use on cryptos we can really send funds in a matter of clicks which is more comfortable compared into those money remittances.They do really have already a competitor when it comes to money transfer and im sure they are aware on the existence of crypto as of now.
Comparing regular currencies to the cash is ridiculous, crypto is far better than casual money it allows you to trade free al across the world ad will give you huge blows of profit and this will be more fascinating thing of crypto that it is same for all users but casual currency is not same for all everyone is measuring richness according to cash quantity.
newbie
Activity: 41
Merit: 0
Yes since the person of cryptocurrency is even now not as massive as fiat, so this time is nonetheless better, but I'm confident one day crypto currency also will not be diverse from fiat since of regulation factor and application of taxation sector, I do not consider also much of this and trading as significantly perhaps to the limitations of foreseeable future specified crypto principles.
hero member
Activity: 3010
Merit: 629
It depends on what you want to use it for. in crypto you can send money fast with less fee compared to other remittance center particularly western union however crypto cant be use offline if you dont have gadgets or computer with internet. not all of us are fortunate to afford to have one. while regular currency can use physically in all you need. both currencies are different so we dont need to choose if we can use it both and enjoy the benefits.
newbie
Activity: 20
Merit: 0
Yes and no. It is dependent on the use. In my impression, Bitcoin is not but all set for micropayments, but it is previously a much better way to maintain your prosperity.
hero member
Activity: 644
Merit: 500
We need both crypto currencies as well as regular currency to co exist at the same time because there are a lot  of transactions that take place through regular currency compared to crypto currencies.Also Many places crypto currencies are not accepted so it becomes mandatory to use regular money. So we cannot total say crypto currency is better than regular money as both type of currencies have their own advantages and disadvantages.
if crypto will be accepted in the most useful system i'm sure it will be lesser expense for the government since they don't need to recreate fiat
money instead of digital currency but due to the fact that government will be hard to convince that crypto can act the same rule as fiat and
the decentralization would be the hard topic how government can control the digital money.
full member
Activity: 280
Merit: 111
We need both crypto currencies as well as regular currency to co exist at the same time because there are a lot  of transactions that take place through regular currency compared to crypto currencies.Also Many places crypto currencies are not accepted so it becomes mandatory to use regular money. So we cannot total say crypto currency is better than regular money as both type of currencies have their own advantages and disadvantages.
hero member
Activity: 2520
Merit: 624
Obviously, users would tend to prefer cryptos more and the reasons would not be far from its exchanging value compared to paper money. Another reason is the decentralized nature which makes someone to use the coins from anywhere without being monitored or controlled. They are actually better.
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