Difference between Bitcoin and real money? - page 129.

Mr.grin

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Quote from: markyminer on February 08, 2017, 04:37:59 AM

Quote from: iqlimasyadiqa on September 10, 2016, 06:20:40 PM

The most fundamental difference of bitcoin and real money is its shape. real money in the form.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.

although there are so many other reasons which cause the difference between bitcoin and real money. i think the main difference between the two currencies is that bitcoin is digital currency while fiat is physical currency, bitcoin is decentralize not in control of any person. while fiat is centralize and under control of each governments. bitcoin has the same value everywhere while fiat value different from place to place.

true, the most important difference is that bitcoin is in the digital world and used internationally, while the real money, or fiat, can only be used with a maximum in a country. Another distinguishing thing is, bitcoin is very easy to get on the internet, simply by utilizing the faucet, we can produce bitcoin. while the real money, requires no special skills or a significant sacrifice to get it.

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Quote from: iqlimasyadiqa on September 10, 2016, 06:20:40 PM

The most fundamental difference of bitcoin and real money is its shape. real money in the form.
while bitcoin have a digital system that is not visible. but both have in common is both used as currency.
both have a value that can be used for life.

although there are so many other reasons which cause the difference between bitcoin and real money. i think the main difference between the two currencies is that bitcoin is digital currency while fiat is physical currency, bitcoin is decentralize not in control of any person. while fiat is centralize and under control of each governments. bitcoin has the same value everywhere while fiat value different from place to place.

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Quote from: cengsuwuei on February 07, 2017, 06:49:42 PM

real money is ready regulated , complete regulated and safe in use because can guaranted in regulator and goverment, bitcoin until now , not full regulate in all country
real money ready physic and can use in real life, bitcoin not ready physic and only use to online payment

already very obvious that real money has a controller and rules derived from the government. different from the bitcoin is not controlled by anyone and has no binding rules

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Quote from: MFahad on February 08, 2017, 02:16:04 AM

Quote from: Doms on February 08, 2017, 01:49:34 AM

Some countries do not recognize bitcoin as currency yet, so that’s a big difference right there, right away. There are still debates as to whether it is to be considered a currency or property. While in Japan, it is a virtual currency but not yet considered as a currency that can be used for local purchases.

I am hearing first time that some people think bitcoin as a property. Grin

Property is a physical thing which has existence on earth. How bitcoin can be a property ?

Yes, bitcoin can be a commodity as people are using bitcoin only to get profits and trading. They are being used just like shares of a company etc. I think we should try to promote bitcoin so as people use them purely like a currency.

I think Doms got his point when saying bitcoin is a property, because some governments have not considered bitcoin is a legal currency yet,... thats mean (in my opinion) bitcoin still be seem as a property like gold, silver,... and ofcourse it can be used to trade goods but not by everyone.
And I think its really hard to "make" people believe thats a currency like real money. But yes, we can change that thinking in about next 2-3 years or even more.

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Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

Currently, Bitcoin is growing strongly. In my opinion, Bitcoin is a reasonable investment because its value is increasing. You can invest in its stock and when Bitcoin prices increase you will benefit a lot.
Between Bitcoin and real money, will surely differ. Bitcoin is a digital currency and has been encrypted, it can be exchanged, traded directly by the device with an Internet connection without through an intermediary financial institution, no who manage and control. Fiat money is also the currency is considered valuable by the government but it is managed and controlled by the State. Bitcoin can be stored and transactions on the internet is easy and unlimited. Cash will be more difficult to do this. Cash can be faked, but Bitcoin can not be faked, no printing technology that can fool the Bitcoin network. A benefit when using Bitcoin is the transaction will be kept confidential and secure identity for each person

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Quote from: Doms on February 08, 2017, 01:49:34 AM

Some countries do not recognize bitcoin as currency yet, so that’s a big difference right there, right away. There are still debates as to whether it is to be considered a currency or property. While in Japan, it is a virtual currency but not yet considered as a currency that can be used for local purchases.

I am hearing first time that some people think bitcoin as a property. Grin

Property is a physical thing which has existence on earth. How bitcoin can be a property ?

Yes, bitcoin can be a commodity as people are using bitcoin only to get profits and trading. They are being used just like shares of a company etc. I think we should try to promote bitcoin so as people use them purely like a currency.

Doms

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Some countries do not recognize bitcoin as currency yet, so that’s a big difference right there, right away. There are still debates as to whether it is to be considered a currency or property. While in Japan, it is a virtual currency but not yet considered as a currency that can be used for local purchases.

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Real money can be use on the spot and can be paid on any transactions while Bitcoin had its downside when it comes to mode of payment such as paying on small establishment(eg. foods stands,food carts etc.).While that said Bitcoins had the advantage of buying items when it comes to international standard such as ordering items online such as gadgets,clothes, games etc. and can be payed directly, instead of money that you need to store first at bank or any centers that sends money which is a pain the butt.

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Quote from: ophyrim on February 07, 2017, 05:06:27 PM

For me the most important difference between bitcoin and real money is the potential of profit. Apart from the profit potential financial situation is completely different. Bitcoin does not belong to government while all paper money belong to government. Another differences are of course tax advantages and anonymity.

Bitcoin is also an investment aside from its main feature as a currency, real money does not have that kind of characteristics. Bitcoin grows its value overtime while real money does not. People has more reason to use bitcoin if they really want to be profitable as upon seeing the price now, it is skyrocketing again.

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real money is ready regulated , complete regulated and safe in use because can guaranted in regulator and goverment, bitcoin until now , not full regulate in all country
real money ready physic and can use in real life, bitcoin not ready physic and only use to online payment

ophyrim

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For me the most important difference between bitcoin and real money is the potential of profit. Apart from the profit potential financial situation is completely different. Bitcoin does not belong to government while all paper money belong to government. Another differences are of course tax advantages and anonymity.

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Real (Fiat Currency) can be used pretty much anywhere and I think has to be accepted in all stores in the United States. Bitcoin however is an anonymous decentralized (we try to make it this) online currency that is powered by miners. The biggest difference between the two is the volatility in how much that money is actually worth (Fiat will hold it's value and Bitcoin is super volatile)

Also, Bitcoin is only really accepted by the small niche of the bitcoin community which fully holds it back. It must address its volatility problem before it goes ahead and hits the mainstream day to day lives.

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Quote from: wintermeasures on February 07, 2017, 04:37:24 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

Indeed, the bitcoin is the best way to stay under the radar and use the money on the internet without compromising your identity theft, but the way I see governments have a point when it comes to controlling money and not using bitcoin as an official currency because they don’t want it to be used for the wrong purposes like using it for drugs guns and other illegal stuff, so they control it to know exactly where it goes.

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Quote from: sunsilk on February 06, 2017, 01:31:29 AM

Quote from: iMaster on February 05, 2017, 07:13:18 PM

I'm more suited bitcoin, just because I do not have control over the state. Authorities are cashing in on people, without thinking about our welfar...

With me, I prefer to use both because it's better if I'm going to use bitcoin in virtual shopping and real money for the things that I need in real life.

And that's the difference of it, bitcoin can be used for online shopping while we can't use it directly because the shops that do accept it are still few.

I think both virtual money in payment processors and cryptocurrency like bitcoins are different from each other. It is easy to use virtual money for daily use and if you want to use bitcoin for online shopping you must have to convert it so, for that purpose bitcoin is best but limited in use for now while in the future there will be no any hurdle for us to use it for convenient shopping hopefully.

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Quote from: Blitzboy on February 07, 2017, 05:38:54 AM

Quote from: slapper on February 07, 2017, 05:24:23 AM

Quote from: wintermeasures on February 07, 2017, 04:37:24 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

Yeah I agree with what you say. Bitcoin is indeed decentralized and no individual or government can fully control it. Therefore, Bitcoin is loved by many hackers and many other people. Bitcoin also provides a lot of advantages such as the anonymity, the blockchain technology, new security system, etc. Therefore, Bitcoin is much better than traditional currency

Yes, bitcoin's decentralization and its anonymous nature have drawn me into this network and are gaining people's attention. And it is doing great, as I can see, but one of my friend, who has heard many stories about people being scammed by those investing sites, said the other way around. She said that because bitcoin is decentralized, it is causing serious consequences and I should stop using bitcoin. I don't know what to do now Cry

Well not all investment companies come to give you profit. maximum of them come to loot us (innocents). before investing money either onlineor offline we have to make well establiched research the wherther the company is fraud or real. there will be at least someone to make the review. without knowking the site or company well please don't invest anywhere. think twice act wise.

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Quote from: slapper on February 07, 2017, 05:24:23 AM

Quote from: wintermeasures on February 07, 2017, 04:37:24 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

Yeah I agree with what you say. Bitcoin is indeed decentralized and no individual or government can fully control it. Therefore, Bitcoin is loved by many hackers and many other people. Bitcoin also provides a lot of advantages such as the anonymity, the blockchain technology, new security system, etc. Therefore, Bitcoin is much better than traditional currency

Yes, bitcoin's decentralization and its anonymous nature have drawn me into this network and are gaining people's attention. And it is doing great, as I can see, but one of my friend, who has heard many stories about people being scammed by those investing sites, said the other way around. She said that because bitcoin is decentralized, it is causing serious consequences and I should stop using bitcoin. I don't know what to do now Cry

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Quote from: wintermeasures on February 07, 2017, 04:37:24 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

Yeah I agree with what you say. Bitcoin is indeed decentralized and no individual or government can fully control it. Therefore, Bitcoin is loved by many hackers and many other people. Bitcoin also provides a lot of advantages such as the anonymity, the blockchain technology, new security system, etc. Therefore, Bitcoin is much better than traditional currency

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Quote from: wintermeasures on February 07, 2017, 04:37:24 AM

Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

That's why Bitcoin was made. It's not for the government to control and to tax on, it's making yourself free from them and with low fees. It is also to eliminate the intermediaries that come in between you and the seller itself. It has been an innovation to use Bitcoin to be used as transactions etc. Be happy with it, it's innovating.

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Quote from: crst on September 10, 2016, 01:13:57 PM

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

The Main Difference Between the Bitcoin and the Money is that Bitcoin is Not Owned or Controlled by any Government and Organisation and Also Bitcoin is Anonymous but Money is Owned by the Government and Money is Not Anonymous.....
That's Why People Prefer to Use Bitcoin for Gambling, Buying Stocks and Much More.....

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Quote from: Tanic on February 06, 2017, 10:40:10 AM

Bitcoin is a relatively new form of currency that is just beginning to gain mass circulation, but many people still do not understand why they understand and start to use it. Despite all the advantages of colour printing technology in the home, most governments are quite sceptical of that you will be producing your own money. In the case of bitcoin, on the contrary, it is encouraged. Of course, you can purchase bitcoins on the open market, but you can also "mine" the coins, if your computer has enough power. After you pay off the initial expenses for electricity and equipment, you can simply leave the device on and has to watch the process of mining. And as you may not like it, what is your computer make money while you sleep?

Encouraged by whom, I'm sorry?

Regarding mining coins on your computer, this has long lost any meaning unless you mine some very new coin, but even in that case you should be ahead of the pack. I guess in most cases you will be just wasting your time and energy. In any case, if it is worth the effort other folks will likely learn bout that too, so this opportunity will soon get exhausted. Of course, you can try mining at your work, but that wouldn't be quite legal. Some university folks even tried mining coins at their university mainframes, but this didn't end well for them (at least, for those who got caught)

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