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.
When you hand in a large amount of bitcoin you need a password to protect your money rather than cash. Bitcoin brings benefits to users. Keeping money in your wallet is much safer when you hold cash. The whole world is heading for the bitcoin market. 
Topic: Are cryptocurrencies better than regular currency - page 39. (Read 19667 times)
i dont think cryptocurrencies are better because they can not work offline and transactions are not very quick like they are in conventional money. moreover,transactions charge high feesBTC which makes their use impossible for small transactions.
Why do people hate the high fees while the price of bitcoin is so high and the people using it multiplying, the fees will obviously be having an increase too.
Because that's not how it was supposed to happen:
why do we even need fees ? i thougt the no-fees-feature was one of the advantages of bitcoin ?!
Almost all transactions are free. A transaction is over the maximum size limit if it has to add up more than 500 of the largest payments you've received to make up the amount. A transaction over the size limit can still be sent if a small fee is added.The average transaction, and anything up to 500 times bigger than average, is free.
It's only when you're sending a really huge transaction that the transaction fee ever comes into play, and even then it only works out to something like 0.002% of the amount. It's not money sucked out of the system, it just goes to other nodes. If you're sad about paying the fee, you could always turn the tables and run a node yourself and maybe someday rake in a 0.44 fee yourself.
Also the fees are so high I might as well use Paypal, Visa or domestic electronic payment methods.
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.
Personally I believe, crypto currency is not better than fiat but certainly better than a credit card. because in my country, the rate of interest I pay in my credit card is 4% monthly, that sums up to 48% yearly. So bitcoin or any other crypto currency is way better than credit card. But not better than fiat.
Fiat is much more acceptable than any other currency here because they are acceptable in all merchants. The acceptability is what made is different and better. Cryptos are good for investment but not as a payment processor.
i dont think cryptocurrencies are better because they can not work offline and transactions are not very quick like they are in conventional money. moreover,transactions charge high feesBTC which makes their use impossible for small transactions.
Why do people hate the high fees while the price of bitcoin is so high and the people using it multiplying, the fees will obviously be having an increase too.
But the thing is, these conventional money or the fiats are far more better than digital currencies. It needs a lot of years before it needs to be compared to conventional money.
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.
That makes us very difficult to spend because some other technologies have been used for crypt I currencies. But some aren't know how to use it and how to transact money online. It will be difficult to dome older age unless you are expose to this things
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.
That makes us very difficult to spend because some other technologies have been used for crypt I currencies. But some aren't know how to use it and how to transact money online. It will be difficult to dome older age unless you are expose to this things
Both of them have different purposes and they are not supposed to cancel each other out. It's like comparing apples to oranges if you think about it. Basically, fiat is something we still need and crypto is something for the future. And it could possibly replace fiat but right now they are both unique and still relevant.
But like many people here I am too believing that the future has arrived and it is time for all of us to switch over to crypto currency rather than sticking with regular currency. Because for better life style we must need crypto currencies as regular currencies are not supporting modern benefits like leading independent life from banking system.Cryptocurrencies are obviously better than fiats. But to have all the actual benefits of cryptocurrencies, we must wait some more time. In this waiting time, I guess fiats may get replaced by cryptocurrencies completely.
i dont think cryptocurrencies are better because they can not work offline and transactions are not very quick like they are in conventional money. moreover,transactions charge high feesBTC which makes their use impossible for small transactions.
We need both, just like in my country, bitcoins are not yet that popular. Few services are only bitcoin applicable that is why traditional money is still needed.
And another thing, not all people find it accessible due to social status in the community. They may be able to survive their everyday living but still they would rather buy what they need than to invest in something that they are not yet familiar of because bitcoin needs time.
And another thing, not all people find it accessible due to social status in the community. They may be able to survive their everyday living but still they would rather buy what they need than to invest in something that they are not yet familiar of because bitcoin needs time.
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.
If we use cryptocurrencies in some countries it is possible because internet merges and thus transactions are only one clicks. But if we apply it in poor countries it is difficult because they aren't train for this.
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.
You asked if its better and than started talking about credit cards.
There are a lot of thing to take in consideration.
One of the most important thing is if the currency is backed by something thus the stability of it. Since all the biggest currencies allegedly are backed by gold at least partly then one could say that they are more stable and their value is preserved . But there are a lot of information out there that US dollar is not backed by gold anymore because it is stolen trough various schemes of gold loaning trough banks. It could be that US currency's gold exists only on paper. In this case currency is protected only by reserves of central banks. Aand then the stability becomes dependent on the same criteria as cryptocurrencies.
Also there is the transactions fee and necessity of electronic devices.
It is hard to know whether cryptocurrencies are better than regular currencies or not. The world is standing in front of the next technology revolution and the cryptocurrency is playing an important part in this event. If we can manipulate bitcoin in the real life, it will be very good and give a chance for people to improve themselves and learn more about the computer. If not, using paper money does not bother me at all 
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 agree in your statement in terms that it is open for all ages unlike credit cards but not in being superior compare to other regular currency. First of all not everyone has an internet which we all know that we can access bitcoin through it. Second is its very high transaction fee. Given those reasons we can conclude that bitcoin is not the best.
Both of them have different purposes and they are not supposed to cancel each other out. It's like comparing apples to oranges if you think about it. Basically, fiat is something we still need and crypto is something for the future. And it could possibly replace fiat but right now they are both unique and still relevant.
They have both pros and cons. Both are good in their own place respectively(real world and online). When it comes in buying stuff physical and online, it's more convinient to use regular currency as store that accept bitcoin is stilll pretty low compared to regular currency. But when it comes to making money online btc is ahead of physical money. You can earn money from nothing to thousand of bucks depends on your capabilty without giving your real identity.
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).
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.
You asked if its better and than started talking about credit cards.
There are a lot of thing to take in consideration.
One of the most important thing is if the currency is backed by something thus the stability of it. Since all the biggest currencies allegedly are backed by gold at least partly then one could say that they are more stable and their value is preserved . But there are a lot of information out there that US dollar is not backed by gold anymore because it is stolen trough various schemes of gold loaning trough banks. It could be that US currency's gold exists only on paper. In this case currency is protected only by reserves of central banks. Aand then the stability becomes dependent on the same criteria as cryptocurrencies.
Also there is the transactions fee and necessity of electronic devices.
Yes true and indeed the era of regular currency will soon disappear and replaced with cryptocurrency, this is because many of the advantages of cryptocurrency compared to regular currency.
For me they have a lot of differences in which they have their own advantages and disadvantages. To keep it simple I think that with Bitcoin's volatility it can be considered as more profitable compared to FOREX, while Fiat currency on the other hand is more better than being a medium exchange because it is more stabl and it does not lose its value quickly compared to Cryptocurrencies. Both can be better than another just on different categories.
Jump to: