Topic: Are cryptocurrencies better than regular currency - page 43. (Read 19667 times)
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.
Yes, bitcoin is far more superior than a fiat currency. Bitcoin is freedom and it liberates us from oppression, tyranny and exploitation unlike the debt based currency scheme that is created by bankers to slaves humans from debt until they work for lifetime and then die. Bitcion is not overrated and over regulated like cash so were free from taxes and debt. Bitcoin in time will surpass fiat currency until then the government will force to change their monetary system or if they dont they will be crash by it repeatedly until they learn that they can't compete with a decentralized monetary system and finally the governments will be free from their banking masters.
I don't think that cryptocurrencies are better because firstly cryptocurrencies don't work offline and moreover the transaction fees is very very high which makes the use of cryptocurrencies impossible for small transactions. Transactions also are not quick and require confirmation time.
I do agree with you. Cryptocurrencies and regular currency have their own advantages and disadvantages. If you don't have internet access, you cannot access anymore to cash out your money. But in regular currency which is, we can hold it to buy things that we want to buy goods and services. That's what you have said above is a disadvantage of cryptocurrencies over regular currency. If cryptocurrencies were implemented to our country and it has low transaction fees, maybe I could say that this is better for me. But as of now, regular currency is better for me because you don't need an internet access to get it. You can use it to buy directly in any store.
Both has got its own importance, so right now I feel that both are required than having bitcoin or the real currency. The reason is that bitcoin or other cryptocurrency has much used as an trading asset rather than a currency, also it haven't started to function independent. This makes a need of regular currency for maximum usage of digital currency.
While the thought of having my money safe from the government is nice, there are still stuff that traditional banking does that crypto still can't. Loans for example, are pretty risky in crypto and so you could have a harder time obtaining one.
Cash is great because it's stable and there's no transaction fees--except taxes--and there are no bullshit confirmation times. Other than those issues, crypto is fantastic. I voted that we need them both.
I think it helps expand the core of the world economy and allow the periphery to participate more. Once stable internet service becomes available, expats can send remittances back home to their poor country. NGOs can send donations. Some of those can be held for price increase. This allows families to buy stuff, etc and cause a chain reaction there.
Assuming the government is not actively trying to keep the population impoverished and wouldn't ban bitcoin, it could improve their economy. Later these countries could be capable enough to act as manufacturing centers, allowing the core to outsource more tasks to the periphery, freeing the core to focus on other stuff.
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.
Poor countries themselves are useless, so forget them. Why some countries haven't advanced past unpaved streets in 2017 boggles my mind.Cash is great because it's stable and there's no transaction fees--except taxes--and there are no bullshit confirmation times. Other than those issues, crypto is fantastic. I voted that we need them both.
I think it helps expand the core of the world economy and allow the periphery to participate more. Once stable internet service becomes available, expats can send remittances back home to their poor country. NGOs can send donations. Some of those can be held for price increase. This allows families to buy stuff, etc and cause a chain reaction there.
Assuming the government is not actively trying to keep the population impoverished and wouldn't ban bitcoin, it could improve their economy. Later these countries could be capable enough to act as manufacturing centers, allowing the core to outsource more tasks to the periphery, freeing the core to focus on other stuff.
Cryptocurrencies are not better than regular currency and the latter is also not better than cryptocurrency because we need both in our lives. There are some instances where cryptocurrencies are better like when shopping online, and also when paying at a store using credit card but there are also some times when regular cash is better like when someone pays some neighbor for their service or buying goods on grocery.
The only serious issue I can think of is what if your phone dies? You're out of funds then. But in the long term battery tech will only get better and last longer and charging stations will become more common. Especially as we transition into wireless charging.
All current bottlenecks will be sorted out by then and I suspect adoption will have grown significantly.
That all said, I say cyrpto is way better. The only benefit of fiat is you can use it as toilet paper.
That's not a serious issue. Here are some options:All current bottlenecks will be sorted out by then and I suspect adoption will have grown significantly.
That all said, I say cyrpto is way better. The only benefit of fiat is you can use it as toilet paper.
You can have a hardware wallet and carry it with you, attached to your keys for example. If your phone dies you'll always have a secondary wallet.
If people will start using phones as wallets they will learn to carry a spare battery around or they charger. There will probably be no chargers, because there are already phones that charge without plugging via induction. In galleries, stores and such there will be wireless charge ports that will revive your phone if you just stand near them for a couple minutes.
The only serious issue I can think of is what if your phone dies? You're out of funds then. But in the long term battery tech will only get better and last longer and charging stations will become more common. Especially as we transition into wireless charging.
All current bottlenecks will be sorted out by then and I suspect adoption will have grown significantly.
That all said, I say cyrpto is way better. The only benefit of fiat is you can use it as toilet paper.
All current bottlenecks will be sorted out by then and I suspect adoption will have grown significantly.
That all said, I say cyrpto is way better. The only benefit of fiat is you can use it as toilet paper.
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.
Maybe in some other methods cryptocurrency is better than regular currency in terms of doing trade in the market, and there is a volatilty which it gives profit to anyone, and it also gives a part time job to anyone too even you don finish or achieve any degreecourse.
On the investment side of things, cryptocurrencies are indeed better than regular currency but the drawback of cryptocurrencies is in some parts of the world they are banned and for somebody to use them they need to know how to use and have access to the internet unlike regular currency that can be accessed online and offline depending on medium of storage.
Cryptos definitely have pros to it, foremost is the ability to keep your money without banks. As long as you keep your PC/phone secure, you need not worry. Also easier to send money across countries.
There are still problems of course. Scaling might be an issue, with transaction fees and confirmation time increasing. Also, we being so decentralized, there are things we still can't do with it. You can't expect the government to insure it, and I'm not sure if some people are already using it for home and car loans.
There are still problems of course. Scaling might be an issue, with transaction fees and confirmation time increasing. Also, we being so decentralized, there are things we still can't do with it. You can't expect the government to insure it, and I'm not sure if some people are already using it for home and car loans.
I believe that cryptocurrency is better than fiat currency if cryptocurrency behaves like a currency and not like an investment. If a cryptocurrency is stable like fiat, can have an instant transaction, without (or almost without) transaction fee, and very practical for a daily basis usage then that cryptocurrency is better that our regular currency.
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
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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.
Poor countries themselves are useless, so forget them. Why some countries haven't advanced past unpaved streets in 2017 boggles my mind.Cash is great because it's stable and there's no transaction fees--except taxes--and there are no bullshit confirmation times. Other than those issues, crypto is fantastic. I voted that we need them both.
Yeah, both the crypto and physical currencies have some pros and cons.
However, crypto is much inspiring than a regular currency as it does not leave any identical information behind its footprints.
However, crypto is much inspiring than a regular currency as it does not leave any identical information behind its footprints.
Indeed bitcoin is helping me a lot to control my expenses. With normal cashing ways I would spend money like anything whenever I want or I don't want. Lol. That's just bad way to manage my money. However, bitcoin is completely different thing as I can save it and get lots of interest on it. That interest thing is making me save more and mor money into my crypto wallet. So indirectly I'm saving my money and also getting profits from it. I would only cash out my crypto currency into real cash whenever I will need it badly. That's amazing way of bitcoin while managing my expenses.
Yes it is, and those who are saying no are either unaware of its proper use or may be they don't know how to earn it. No offences by the way, everyone has their views but come on bitcoin can not be hated after all these things it has given to us. Bitcoin is easy swift and can be used on many platforms without any hassle. For real bankers you have to go through hundreds of documentation procedure, check for the process again and again. I really hate that stuff and it takes lot of time. On the other hand bitcoin is making it easy daily, you just need a single address to send the money to desired location or person. No one asks you question and no will reject your transaction at any cost. Juts imagine that easy world, why would anyone hate it. I juts love it and yes it is better than other currencies for all the above mentioned reasons as well as all the things that it will bring to us in the future.
Well feature-wise, i think crypto has better features than fiat currencies. Imagine if we can run entire transactions using just crypto. It would make it faster and a lot more convenient for users. But in reality, though crypto can make it s lot more convenient, we can't live without fiat. Not yet. Basic transactions are not yet ready to be fully digital and we need to have real money in our pockets for everyday usage.
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.
It seems not sure! The money in the credit card is still much better and more convenient. Need to be able to withdraw at that time, while bitcoin is so convenient? Although bitcoin can change your life much better, but to spend is hard! 
Each has got its own goodness. Right now being an cryptocurrency user gives pride, because now the users all around the world is very low and secondly the virtual presence gives anywhere access. With regular currency the usability is easier and the acceptance is high, so each based on their own convenience prefer it.
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