Are cryptocurrencies better than regular currency - page 42.

freedomno1

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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.

Bitcoin is my opinion is the better one it is also the newer one as the oldest set of cryptocurrency at 8 years so it does make me lean towards voting with the option we need both at least for now and into the future as a hedge against any issues with any one currency. It's part of the reason there are multiple currencies in the world and even now in cryptocurrencies in case something effects one it will effect but not destroy the others. Hence diversification

Taskford

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Quote from: nakata90 on June 20, 2017, 11:38:01 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.

We need both, althought cryptocurrencies can help for make transaction fast, cheap fee, privacy and security but some people old year old or poor country not know it and how to use! Regular currency very important and easy for use.
About crypto, I think it will help young children can buy online without credit cards, this is good for them if they want buy any things but not old enough for have credit cards (I was one of them Grin

)

I'll go for real currency. Just my opinion, crypto currencies will be worthless without fiat. And this is how it works.
You can't tell that you're rich when all your "money" is in just in your phone. It's still only a number.
It will become valuable when you convert it to fiat then you can tell yourself that you're rich.

emezh10

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In terms of investing and the price yes but in lot of aspect like usage and spending it I will go for the regular currency because the regular currency is more easy to use and open to all and besides all of people are using it whether you are child or adult. So I will go for the regular currency.

Casabrandy

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Quote from: bravehearth0319 on June 24, 2017, 09:30:14 PM

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.

We need them both in real life, But cryptocurrency is more profitable than a regular currency, due to crypto can us profit through doing
trade in the market platform.

Cryptocurrency were much better since it will help is alot in gaining and saving profits that banks, but we still need to have our real currency for our needs and everyday use. Both have their own specialists and we still need them both.

bravehearth0319

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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.

We need them both in real life, But cryptocurrency is more profitable than a regular currency, due to crypto can us profit through doing
trade in the market platform.

L00n3y

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Quote from: ABCbits on June 19, 2017, 01:41:26 PM

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.

Not mentioning those countries with very very slow connections. Third world country is not ready with this prodect yet and smartphones are considered to be expensive in the third world. Because of slow internet connections and low quality of education people in poor countries barely know about how cryptocurrencies worl and what cryptocurrencies is. Maybe it can be used in countries like UK and Japan but some people are not ready for this yet.

KingdomHearts

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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.

Both yes and no. Yes, if there is abundance of cheap internet and awareness amongst the masses. No unless we can buy our daily needs and pay in crypto currencies. However, as the world is progressing with easy internet availability and the common people become more and more aware about the easiness of crypto, a day is soon to come when everyone will find it to be better option.

TitanGEL

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All of the people have different perspective to the cryptocurrency and fiat currency. For the people that is enter the cryptocurrency the both currency is very important to them and for the people who using fiat currency they give important to the fiat currency.

hahay

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Bitcoin is better but we need both, because bitcoin has not been recognized in my country so I need both, if bitcoin had been legalized in my country I would definitely use bitcoin as a means of payment.

digaran

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Seriously I also heard every girl taste different than the others, so that is why people get married or just get laid with so many colorful girls, have a lol here for now.
Bitcoin is not special at all other than being a decentralized currency, take that away from it and you will have nothing but a regular currency yet much easier to set up your account and getting started, you can't open a site and after a few clicks obtain "regular currency" you can't store the regular currency as easy as with Bitcoin.

SomethingMAD

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Bitcoin without a regular currency for the moment is not worth (empty).
We need both and it is very clear. Grin

duranv

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Better in what way? For buying stuff they aren't better, but I do think the capacity to hold them in a wallet on your computer is quite a nice attribute.

bitcoinvestor

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Cryptocurrency is tranparent, accurate and can be counterfeit. But there is note, not all cryptos are with these features, only stable and backed by reputable dev represent those transparancy and accuracy besides seccurity. We still need fiat however because most people still use fiat but for digital communities cryptos are better than fiat. Fast, easy, transparent, secure, and other features we can get from cryptos. I ask you " Do you stil use fiat to do online transaction?"

pixie85

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Quote from: SHawk on June 22, 2017, 04:58:11 AM

Cryptocurrencies are better than the regular fiat currency for so many reasons, no central controlling body, low fee (This is now an issue), no government intervention (This is also an issue) and so many other ways to make mankind independent.

Independence means there's nobody to turn to if anything goes wrong. No shoulder to cry on if you fuck up.
I've noticed people have became very childish, unable to make their own decisions, and this is a huge issue for them. I'm happy that Bitcoin came up now, because 50 years from now people would be unable to use it. We'd be so brainwashed that independent money wouldn't have a chance.

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Quote from: TastyChillySauce00 on June 20, 2017, 12:32:58 AM

Both have their own advantages. first, mining is the same as working so when you're using some sort of credit card then it's the same as using bitcoin, you'll lose your money for buying things. Credit cards mostly have a really strict rule in regards to which person is capable of using it because giving credit is like giving a loan, if someone can't repay it, the bank needs to make a movement to get this solved which also will make them spend their money.
By using Bitcoin you can send money to everywhere without any complicated requirements but seeing from its fee, not really an efficient way whereas banks offer the opposite, it's all up to you to decide though.

You are right both have advantages but I am in favour of crypto currency and more particularly in favour of bitcoin because it is very easy and can save easily. You don’t have need to carry cash in pockets and bitcoin gives more opportunities to users than paper currencies. Crypto currencies will beat regular currency with their store of value characteristics. Because you could not find those big potential with a regular currencies like how we are enjoying with crypto currencies in last six months of quick times.

hurain

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Quote from: Himanshu111 on June 22, 2017, 03:42:02 AM

I don't think that cryptocurrency are better than regular currency simply because cryptocurrency don't work offline. Transaction in cryptocurrency charge very high fees and require some time to process and confirm m. On the other hand, regular currency can be exchanged quickly without a fuss.

i think very soon you will change your statement, because i am sure that very soon people are going to give preference to bitcoin as using bitcoin or any other cryptoc currency may be more easy and convenient as compare to fiat currency.

icecube45

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If we think more broadly, it is very difficult to compare between crypto with currency. Both have their respective roles that must have advantages and disadvantages. Maybe I think crypto is better in ease, because we are free to manage the coins we save. And crypto can also be used to make a profit, unlike a currency that is only used as a means of payment. I'm sure all members here prefer crypto better than currency. But in terms of needs we need both (crypto and currency). Currency still dominates as a means of payment mainly directly, I am sure everyone still needs this. So I think we still need both.

Windpower

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Currently, cryptocurrencies are definitely not better than fiat. Anyone who says they are, are just dreaming and need to think about it realistically. If cryptocurrencies want to become better than fiat, they will need to enlarge their user base and need to lower transaction times while also lowering transaction fees. Cryptocurrencies are not feasible for most people as a lot of work is required to understand and use them. In that area, fiat is far better as using it is extremely simple and there is no waiting time for transactions to be completed. Cryptocurrencies have a long path ahead of them that may or may not lead to the overtaking of fiat. We will just have to wait and see as the fate of cryptocurrencies rest on our shoulders as we are the pioneers and the people who need to get the word out there.

cafucafucafu

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Quote from: Himanshu111 on June 22, 2017, 03:42:02 AM

I don't think that cryptocurrency are better than regular currency simply because cryptocurrency don't work offline. Transaction in cryptocurrency charge very high fees and require some time to process and confirm m. On the other hand, regular currency can be exchanged quickly without a fuss.

That's the worst argument I've heard against cryptos.

Transaction fees are a problem, yes. But they are still relatively low. You're only paying $2 per transaciton approximately right now, not ideal but still quite manageable in general. I know that in the past you were able to pay just a few cents in transation fees and still get your transactions confirmed within the first block or two, but $2 isn't that bad still if you are sending overseas to your family/friends compared to all the fees and charges added up on paypal or perfectmoney.

Cryptos don't work offline, yes. That's a disadvantage. But the advantages of using crypto(decentralization, store of value etc.) far outweigh this disadvantage. Most people's got internet connection anyways even in developing countries like India and China. If not, there are services that you can send SMS's to to send bitcoin transactions. I think you forget the fact that regular currencies are strongly based on the internet as well. Internet banking is what most people use nowadays anyways.

SHawk

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Cryptocurrencies are better than the regular fiat currency for so many reasons, no central controlling body, low fee (This is now an issue), no government intervention (This is also an issue) and so many other ways to make mankind independent.

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