Are cryptocurrencies better than regular currency - page 37.

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Quote from: passwordnow on August 03, 2017, 06:31:11 AM

Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

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 had to admit that crypto currencies for me are better. With your explanation about credit card and cash, it's why I like to use crypto's. Though the acceptance of bitcoin is still limited it is not that popular here in my country for now. But there are some other bitcoin users so and it's one of the best way to purchase.

Even though we do like for cryptocurrencies to be the main thing here but we cant just really let those traditional things behind since its being majorly used on our daily living and as you said there are places on which bitcoin and other coins coins can be used which means we would really still stick up on using fiat currencies thats why i do select on the poll on having both things would be a best choice as of now.

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Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

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.

Yes I agree that cryptos now is better than regular currency although their rate is volatile but it gives good benifits to those holders of bitcoins.And also it has the quick transact to make everything payments easy. And if ever this cryptos will use all over the world.All transact will be in order and more convinient.

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Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

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 had to admit that crypto currencies for me are better. With your explanation about credit card and cash, it's why I like to use crypto's. Though the acceptance of bitcoin is still limited it is not that popular here in my country for now. But there are some other bitcoin users so and it's one of the best way to purchase.

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Quote from: TropicalDog17 on August 02, 2017, 10:52:37 PM

Well, in real life maybe regular currency is better than cryptocurrency. But people prefer crypto because it is easy to invest, its anonimity,and secure

Correct people prefer to invest in cryptocurrency because its easy to gain profit and the transaction is faster and its easy it use as long as you have knowledge how to use computer.

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Quote from: jonosutio on August 03, 2017, 02:26:47 AM

I hope the cryptocurrencies are better because the first cryptocurrencies that do not work offline and moreover the transaction costs are very high, and this can not be used for small transactions because the cost is very high.

The cost in recent times has been lower compared to what was witnessed in the past few months which even led to the August 1 saga but I hope we will start reaping the benefit of such very soon. On the other hand, I feel the two should coexist to take care of the needs of the categories of people we have in the society. For example, there are some people who are very conversant with the use of the internet, they wont have to struggle with bitcoin usage while others on the other hand will need Fiat to carry out their normal financial transactions.

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I hope the cryptocurrencies are better because the first cryptocurrencies that do not work offline and moreover the transaction costs are very high, and this can not be used for small transactions because the cost is very high.

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Quote from: Kaller on August 02, 2017, 11:51:42 PM

Yes and no. Crypto has many pros and cons. It depends what you need in your personal life and if you have the resources in your country to live off of, or buy/sell Bitcoin. If not, then crypto probably isn't for you (at least right now).

As the user stated both has got its own good and bad. So one need to select the one that makes him/her convenient as well provides with a good earning. Present time bitcoin might have got low acceptance as well usage, but thinking of the future and investing is the right way to benefit out of bitcoin.

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Quote from: TropicalDog17 on August 02, 2017, 10:52:37 PM

Well, in real life maybe regular currency is better than cryptocurrency. But people prefer crypto because it is easy to invest, its anonimity,and secure

And reason important cryptocurrency still not get accept from government and company in most country on the world's. So cryptocurrency need improve more ecosystem and prove it can replace regular currency in future.

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Yes and no. Crypto has many pros and cons. It depends what you need in your personal life and if you have the resources in your country to live off of, or buy/sell Bitcoin. If not, then crypto probably isn't for you (at least right now).

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for me i believed that crypto is so much useful than regular currency im using bitcoin as my daily money which i used to buy goods for my living. there's alot of company whose accepting bitcoin as a payment that's the reason why im glad that they're adapting bitcoin too. bitcoin also makes my money goes to double or triple some times than regular putting money on a bank which does not give you enough profit.

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Well, in real life maybe regular currency is better than cryptocurrency. But people prefer crypto because it is easy to invest, its anonimity,and secure

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Cryptocurrency has its advantages that regular currencies doesn't. With regards to convenience, regular currency is still better than cryptocurrencies because you can transact easier with it. Also, regular currency is accepted more in the various areas like in retail and the market. Cryptocurrencies have transaction fees, and sometimes the numerous confirmations makes it have a long time to transact.

If cryptocurrencies were to improve and allow its users to transact easily, then it would be better than regular currency.

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The last hit from btc-e made me realize we are vulnerable to the countries power and influence, sure the ownwer need to take care its business, and shouldnt support stolen money, but those made me realize we arent soo freedom as we think we are, even bein at crypto world, there are some risks. Fiat i do use to my daily needs, while bitcoin is being used for future purposes.

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Quote from: ladydark on July 27, 2017, 07:55:19 AM

Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

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.

Crypto currencies are better than regular currencies because they are free from inflation especially bitcoin.More over,they have a tendency of growing with increase in demand for them whereas regular currency just remains the same with no such big difference.Investors in crypto currencies need not gt feared about their investment being devalued as it was earlier done in india by devaluing high value notes.

Your first statement is not correct, bitcoin is not free of inflation, every single day more coins are added to the system by the miners, yes there is a cap of 21 million coins but not all those coins have been mined yet and every time a new coin is mined there is small amount of inflation in bitcoin.

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Quote from: lordquanta on July 13, 2017, 05:02:04 AM

The significant amount of performance and scalability issue with cryptocurrencies is major concern. Crypto is better than fiat in sense of openness. Once scalability issue is resolved with crypto like bitcoin then there will be no match for bitcoin (other crypto as well).

I agree with you completely. Undoubtedly, crypto currencies are the emerging currencies that will sooner or later replace paper money but only in the terms of use not completely. We can’t say anything about time span but replacement of fiat by crypto currency to maximum extent is definite.

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It is better because:

- It is decentralized, I know this is a often used term but it is important! The EU has proposed to prohibit cash at 1.1.2018, I think this won´t get throught but it show´s their intention. More I have visited Ireland some time ago and I payed with a 100€ bill, the cashier (like 40 year old woman) wnated to make a photo because she has never seen a 100€ bill (there are 5/10/20/50/100/200/500 bills, so 100 way not the biggest). They already pay everything with card´s (definitely no surveilance there Wink

). Furthermore in some countries in the EU it is already prohibited to pay certain amounts with cash, correct me if I am wrong but I think in Italy it is illegal to pay something worth more than 3000€ with cash.

- It is like gold and not just "goldbacked" (ha-ha not even by 1%) like fiat.

- fees for international transfers are low and faster compared to banks, I really hope scaling problem of BTC will be fixed nicely to allow micropayments again.

- Fiat belongs to the bank, they may give it to you if they are not bancrupt, if they are your account is frozen and yea. BTC is decentralized and the bank can´t freeze it.

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Quote from: Bagaji on July 31, 2017, 02:26:26 AM

Bitcoin has so many limitations that can make one to comfortably say regularly currency is far better as compared to bitcoin. Some of the limiting factors include the following. Bitcoin cannot be use offline, bitcoin transactions charges is too high, not everybody know more about bitcoin etc.

Well that's the downside of bitcoin, but for me since Im into saving and looking for something that can be a source of income, that makes me think btc is more than better than regular currency or better than banks, thoughit still needs a lit of development to use it more often.

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Bitcoin has so many limitations that can make one to comfortably say regularly currency is far better as compared to bitcoin. Some of the limiting factors include the following. Bitcoin cannot be use offline, bitcoin transactions charges is too high, not everybody know more about bitcoin etc.

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not yet for now, but of course in the future. FIAT money using so much resource like wood for the paper money, i believe in the future every government will replace regular currency nowday to digital currency for saving raw materials that very limited because number of demand for making money increasing very significant every year.

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May be it would be better but there are some disadvantages which doesn't make it better economically because we will have to pay transaction fee even for little transactions and needs much more devices which is not convenient in underdeveloped countries. Thus we can't say it is better or fiat is better, both have pros and cons.

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