Difference between Bitcoin and real money? - page 93.

mornabo

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Quote from: Rajadurai on May 16, 2017, 09:31:11 PM

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible

I think the future bitcoin will also be the same as real money as usual. Will be easy to use for spending. This is just about the timing of the adoption of merchants

Janation

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Quote from: stergium on May 20, 2017, 01:30:28 PM

Quote from: deisik on May 20, 2017, 11:07:57 AM

Quote from: Xenophoto on May 19, 2017, 08:27:29 PM

Quote from: FiiNALiZE on May 18, 2017, 05:46:46 PM

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage

We may never know until it is too late

Many distinguished people had been claimed something as completely impossible until they were miserably proven wrong ("heavier than air flying machines are impossible"). In this manner, just because Bitcoin is "cryptography", it doesn't mean that it is totally unbreakable and cannot be cracked. The references to a hard drive as big as the Earth are really lame since they are quite in line with many similar claims made in the past like you would need a million horses to drag a freight train or future cities would be filled up with horse manure

tome i think that main and the only difference is that bitcoin is a digital, crypto currency, where as really money is physical currency, we mostly use bitcoin for online shopping etc, while using paper money for buying physical items and stuff.

Today, bitcoin is really popular that many people are getting interested in it, and that is the reason there are more stores now that accept bitcoin. You scan a QR code to pay for what you are buying. Especially on the countries that accepts bitcoin, maybe like Japan. I think my favorite difference is the anonymity of bitcoin and the decentralization.

PanGiMoon

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Quote from: stergium on May 20, 2017, 01:30:28 PM

Quote from: deisik on May 20, 2017, 11:07:57 AM

Quote from: Xenophoto on May 19, 2017, 08:27:29 PM

Quote from: FiiNALiZE on May 18, 2017, 05:46:46 PM

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage

We may never know until it is too late

Many distinguished people had been claimed something as completely impossible until they were miserably proven wrong ("heavier than air flying machines are impossible"). In this manner, just because Bitcoin is "cryptography", it doesn't mean that it is totally unbreakable and cannot be cracked. The references to a hard drive as big as the Earth are really lame since they are quite in line with many similar claims made in the past like you would need a million horses to drag a freight train or future cities would be filled up with horse manure

tome i think that main and the only difference is that bitcoin is a digital, crypto currency, where as really money is physical currency, we mostly use bitcoin for online shopping etc, while using paper money for buying physical items and stuff.

Mass use of the store's bitcoins So far, nothing will come of it. Must understand what exactly the question will be about the taxation of businessmen who will take for the use of Bitcoin. Perhaps the roominess is not so scary as in fact I think that to use Bitcoin. How real it is not and once again or is it altogether impossible

stergium

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Quote from: deisik on May 20, 2017, 11:07:57 AM

Quote from: Xenophoto on May 19, 2017, 08:27:29 PM

Quote from: FiiNALiZE on May 18, 2017, 05:46:46 PM

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage

We may never know until it is too late

Many distinguished people had been claimed something as completely impossible until they were miserably proven wrong ("heavier than air flying machines are impossible"). In this manner, just because Bitcoin is "cryptography", it doesn't mean that it is totally unbreakable and cannot be cracked. The references to a hard drive as big as the Earth are really lame since they are quite in line with many similar claims made in the past like you would need a million horses to drag a freight train or future cities would be filled up with horse manure

tome i think that main and the only difference is that bitcoin is a digital, crypto currency, where as really money is physical currency, we mostly use bitcoin for online shopping etc, while using paper money for buying physical items and stuff.

deisik

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Quote from: Xenophoto on May 19, 2017, 08:27:29 PM

Quote from: FiiNALiZE on May 18, 2017, 05:46:46 PM

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage

We may never know until it is too late

Many distinguished people had been claiming something as completely impossible until they were miserably proven wrong ("heavier than air flying machines are impossible"). In this manner, just because Bitcoin is "cryptography", it doesn't mean that it is totally unbreakable and cannot be cracked. The references to a hard drive as big as the Earth itself are really lame since they are quite in line with many similar claims made in the past like you would need a million horses to drag a freight train or future cities would be filled up with horse manure

BitcoinUKmedia

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Was listening to the bitcoin podcast and they suggested that with the crazy transaction fees that Bitcoin will soon only be useful for very large transactions where $3 TX fee makes sense and is still a savings.

OR it will be a clearance house for bundled up payments so that it is still cost effective -
Actually this makes me sad since bitcoin will be only for the rich.

DoublerHunter

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Quote from: chain_chain on May 20, 2017, 02:02:35 AM

As already said Bitcoin is digital. In our world things changes rapidly. Even now many large companies(Amazon, Tesla Motors, Zappos) allow you to pay with Bitcoin. It seems to me that BTC might be widely spread as an online payment currency very soon.

It is happening right now, a lot of companies now are accepting bitcoin as a payment and other countries are also doing that and they are implementing bitcoin to their country because they see bitcoin as a great currency and there is a lot of potential in bitcoin because of its fast growing price and the proof or evidence for that is the close to 2000 USD mark price now.

chain_chain

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As already said Bitcoin is digital. In our world things changes rapidly. Even now many large companies(Amazon, Tesla Motors, Zappos) allow you to pay with Bitcoin. It seems to me that BTC might be widely spread as an online payment currency very soon.

equator

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The difference between Bitcoin and real money is that, Bitcoin is a digital online currency and real money is used in real life, Bitcoin value can increase and decrease without limit but in real money their is a limit of fluctuation and it is controlled by government.

mrjoy15

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Quote from: vasrasus on May 19, 2017, 11:48:49 PM

Quote from: reuschman on May 19, 2017, 10:57:06 PM

its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.

Real money can instantly use and need to have a everytime in our wallet or in atm to be used but money will not grow in its own without working,while bitcoin can grow on its own.

I just feel good this one feature of bitcoin that its growing on it's own. Since starting the journey of Bitcoin never backward always forward movement History like says that. Each one has particular uses but to buy something local market always priority real money. While talking about stocks or invest than most priority given on Bitcoin.

alphablitzer

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You can turn dollar into BTC and BTC to dollar, well what varies from them is you can do whatever you like with your Bitcoin. The great thing is you can have interests so you can earn money, not just for businesses. Bitcoin's price is growing great everyday and its good to have it early while it's still reasonable.

zarintasnim

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Vave.com - Crypto Casino

There are many difference between bitcoin and money. Bitcoin you can use only online. You cannot buy anythings in local market with bitcoin But you buy anything in local market with money. Bitcoin are limited but money is unlimited. Government has strictly rule about money . and government not control bitcoin like money.

Isaacck1

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Stocking your money inside your wallet for a long time cannot increase its value. But if you stock your bitcoin you can earn because its value is getting high.

vasrasus

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Quote from: reuschman on May 19, 2017, 10:57:06 PM

its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.

Real money can instantly use and need to have a everytime in our wallet or in atm to be used but money will not grow in its own without working,while bitcoin can grow on its own.

reuschman

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its simple, real money usually we use our daily transaction but bitcoin can't, real money already gained huge acceptability and credibility on the other hand bitcoin have to go more way to earn such type of criteria.
but in future, bitcoin will become one of the popular forms of money both in the real and the virtual world.

Xenophoto

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Quote from: FiiNALiZE on May 18, 2017, 05:46:46 PM

The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage.

Pattart

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Quote from: Rajadurai on May 16, 2017, 09:31:11 PM

Bitcoin:
Spending is not easy(need some time)
Tracing not possible

Real money:
Spending is easy
Tracing possible

I think starting many merchants are receiving payment with bitcoin. Although it is still difficult to do shopping. But I'm sure in the future bitcoin will be used like using real money

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Quote from: batang_bitcoin on May 18, 2017, 04:00:29 PM

Quote from: SwagGirl on May 18, 2017, 01:49:40 PM

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.

We are in the new generation and everything is becoming digital. I believe that it will be the difference of bitcoin, people will choose bitcoin or any crypto currency for transacting. Especially for those online shoppers that loves to shop online. It's the difference of shopping online with real money because you will be charged higher.

one of my favorite subjects -

Historically, fiat currency lasts about 100 years. Ours is 102. Will it be different this time?

https://dailyreckoning.com/fiat-currency/

http://www.kwaves.com/fiat.htm

https://www.theburningplatform.com/2015/11/05/question-of-the-day-nov-5/

FiiNALiZE

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The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.

batang_bitcoin

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Quote from: SwagGirl on May 18, 2017, 01:49:40 PM

"Real money"? lol. The biggest difference is that bitcoin will be around a lot longer than fiat if that is what you are referring to and that is a huge difference.

We are in the new generation and everything is becoming digital. I believe that it will be the difference of bitcoin, people will choose bitcoin or any crypto currency for transacting. Especially for those online shoppers that loves to shop online. It's the difference of shopping online with real money because you will be charged higher.

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