Topic: Are cryptocurrencies better than regular currency - page 40. (Read 19667 times)
i think we need both, cryptocurrencies help us to earn money in internet and from the internet, we can withdraw into our local bank account. i think cryptocurrencies will be like a bridge between internet world and with offline world so people can make money by two side and while they make money, they can learn many thing from both.
Most of the cyrpto currencies are just created for speculative purposes and doesn’t really have any other use. There are only a handful that can be of help to us and I hope those stay in circulation and gets adopted by a wider userbase, and if they can go hand in hand with our regular currency, then all the better. People will continue to use something for as long as they benefit from it and if both the digital and government-backed currencies are able to provide them such benefits, I can’t see any reason for them not to co-exist.
Those that think bitcoin or other crypto currencies can replace traditional currencies emitted by central banks are being too positive, those currencies are never going to disappear, but it will come the time where we will be able to use crypto currencies as a parallel system to the one there is right now. They're good as investments, so far, but as for bitcoin itself the fees kill its appeal as a currency for me. And the confirmation times. Other than those two things...what's not to love about it? No bank required and you're in complete control of your money. Can't beat that.
Crypto currencies are not in par with all of the other regular currency, we all know that, as you've said it is just a good investment but in terms of it's transactions including it's confirming time and fees it is not good. Also, many people or place do not know crypto currencies and they just use fiats.
I am good with it just by putting some of my money on it, but I am not using them in the real world because it still has many flaws.
They're good as investments, so far, but as for bitcoin itself the fees kill its appeal as a currency for me. And the confirmation times. Other than those two things...what's not to love about it? No bank required and you're in complete control of your money. Can't beat that.
Another thing is if you want to buy things online with an unknown person then you must need to go through reputed escrow and that adds up additional cost and delay the transactions. As of now, I like bitcoins only for investment purpose. In the longer run, I expect we all can make a good money from these investments.
Most of the cyrpto currencies are just created for speculative purposes and doesn’t really have any other use. There are only a handful that can be of help to us and I hope those stay in circulation and gets adopted by a wider userbase, and if they can go hand in hand with our regular currency, then all the better. People will continue to use something for as long as they benefit from it and if both the digital and government-backed currencies are able to provide them such benefits, I can’t see any reason for them not to co-exist.
It's unclear if cryptocurrencies can efficiently scale. Bitcoin has 246 000 transactions per day, and the fees are so high that it's really hard to justify using Bitcoin as a regular currency. Now, Visa handles 150 million transactions per day. So, today cryptocurrencies definitely can't replace regular currencies, it will only become possible after major breakthrough in their development as well as some new hardware. When costs of keeping distributed ledgers will be the same or very close to as keeping centralized ledgers, then crypto will have a chance in replacing regular currencies.
Actually the fee is already not that big right now. What i love why crytocurrencies better than regular currency is cryptocurreny is more easy to use, many benefits on it. We can use it for investment, as a payment, for gambling and many else, the important thing is we can do it by online too.
They're good as investments, so far, but as for bitcoin itself the fees kill its appeal as a currency for me. And the confirmation times. Other than those two things...what's not to love about it? No bank required and you're in complete control of your money. Can't beat that.
the only thing I understand is if you have a balls to invest and if you are willing to wait, cryptocurrencies really works as a good investment just needed to research and learn those fundamentals so you are ready to wait for the value and use of such project and I guess if all those plan be implemented success ofgetting good returned always possible.
every investment have a risk but I think with bitcoin and other "legit cryptocuurency" the risk is very low because as you can in the history of other altcoin the price multiply with a average of 10x so I think investing with cryptocurrency is literally worth it. and profitable also you only need a patience.
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.
Bitcoin is different, so it depends on each person to decide in what circumstances to use bitcoin over fiat, bitcoin is great for payments online but at the moment there is not much you can buy with bitcoin in a store and even if bitcoin was accepted there, the confirmation times can be very slow.Well Bitcoin and the other cryptocurrencies are currently the future of money but they are not better as the fiat are widely used in our day to day business and so it's possible it could take people some time to adopt to the new era of currency which is the only moment we can say that cryptocurrencies are better than fiats.
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.
We need both. We definitely need both. At least for now. We can't buy day to day household commodities like the groceries ... etc using Bitcoin. Most vendors would only accept fiat, at the moment. Maybe this may change and we can use Bitcoin for everything. This is the same for internet shopping. Sites like Amazon and eBay remain in their adamant stance against Bitcoin. They only accept PayPal, but not Bitcoin. This is quite strange as bitcoin has much more qualities when compared to PayPal.
In the future, this may all change. Bitcoin may become adopted by many merchants after they understand the benefits of using it. Until then we need both Bitcoin and fiat to survive. Well ... we can survive with only fiat but not with Bitcoin. So if you want to use Bitcoin, today, then you also need to use fiat. There is no other way.
They're good as investments, so far, but as for bitcoin itself the fees kill its appeal as a currency for me. And the confirmation times. Other than those two things...what's not to love about it? No bank required and you're in complete control of your money. Can't beat that.
the only thing I understand is if you have a balls to invest and if you are willing to wait, cryptocurrencies really works as a good investment just needed to research and learn those fundamentals so you are ready to wait for the value and use of such project and I guess if all those plan be implemented success ofgetting good returned always possible.
Unlikely to ever take over a nations currency, there's too much already relying on these and a nations worth can't really be determined by a global currency. ie. LDC's would be further disadvantaged as they would hold less coins and with less technological advancements would be further behind the rest of the world.
I think the increasing number of altcoins is exciting however as it allows businesses and services to determine their worth via an alternative means instead of going through an exchange to raise funds etc, giving better services more chance to succeed instead of falling victim to regulation.
I think the increasing number of altcoins is exciting however as it allows businesses and services to determine their worth via an alternative means instead of going through an exchange to raise funds etc, giving better services more chance to succeed instead of falling victim to regulation.
They're good as investments, so far, but as for bitcoin itself the fees kill its appeal as a currency for me. And the confirmation times. Other than those two things...what's not to love about it? No bank required and you're in complete control of your money. Can't beat that.
I do not think so. Just think if we can give street singers with bitcoin. Of course not so fiat money itself is still in need. Only bitcoin much in interest because of the investment value is very good in the future
But what if the street singer will ask you to pay him in bitcoin?Yes t may be possible a stage will come in life when almost all of the people will adopt bitcoin and almost all of them will only adopt bitcoin for their businesses. Then we will need bitcoin for to pay for any person then we will not think about the fiat.
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.
Bitcoin is different, so it depends on each person to decide in what circumstances to use bitcoin over fiat, bitcoin is great for payments online but at the moment there is not much you can buy with bitcoin in a store and even if bitcoin was accepted there, the confirmation times can be very slow.Well Bitcoin and the other cryptocurrencies are currently the future of money but they are not better as the fiat are widely used in our day to day business and so it's possible it could take people some time to adopt to the new era of currency which is the only moment we can say that cryptocurrencies are better than fiats.
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.
Bitcoin is different, so it depends on each person to decide in what circumstances to use bitcoin over fiat, bitcoin is great for payments online but at the moment there is not much you can buy with bitcoin in a store and even if bitcoin was accepted there, the confirmation times can be very slow.
I do not think so. Just think if we can give street singers with bitcoin. Of course not so fiat money itself is still in need. Only bitcoin much in interest because of the investment value is very good in the future
Nope, we need both cryptocurrencies as well as regular currency. The use of cryptocurrencies are valueless without the use of internet. Rather than regular currency is always available. So, if the cryptocurrencies become the legal one in the economy then it can be better one one day. Otherwise, there is no guarantee of it that either we can use it safely or not.
I think its not,bitcoins has no competetion against fiat currencies and regular currencies,bitcoins is just based on real and regular currency when it is launched no regular/fiat currency no bitcoins will be created
In some features cryptos are better than fiat and vice versa but as of now fiat completely dominates cryptos in terms of the number of users and popularity.
this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create
more opportunities like for example it created another way of trading.
this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create
more opportunities like for example it created another way of trading.
This is because bitcoin currently have no real publicity.
Even though that there may be some media outlets covering bitcoin there is simply not enough for people to understand what crypto really is, what it standns for and why they should switch from using fiat to crypto.
Crypto is definitely better than traditional fiat currency. There is no doubt about it at all. Decentralization, limited amount of coins, anonymity and fungibility. The ignorance of the public and blindly trusting in the government is the reason why bitcoin hasn't taken over as the world reserve currency] yet.
In some features cryptos are better than fiat and vice versa but as of now fiat completely dominates cryptos in terms of the number of users and popularity.
this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create
more opportunities like for example it created another way of trading.
this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create
more opportunities like for example it created another way of trading.
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