Topic: Difference between Bitcoin and real money? - page 95. (Read 114883 times)

Quote from: Silberman on May 11, 2017, 09:23:10 PM

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.

This is false, you are just seeing the way things works now and then trying to apply that to bitcoin, currencies have not always work the way they do now, bitcoin is a new concept and whether is going to replace fiat or not, bitcoin is not going to lose its characteristics.

Maybe it was created to insure stability or to create stability in currencies around the world. Have anyone think about that maybe.
Crypto is something that is predicted back in early 90s of last century, and we all saw what crypto can do and for what it is capable.

So expect bitcoin to be even huge then it is now.

As fas as I can remember, and maybe I’m wrong on this, people have imagined something like bitcoin as far as the eighties, by some people identifying themselves as cypherpunks, so I will have my doubts governments of the world developed something like bitcoin.

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First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.

This is false, you are just seeing the way things works now and then trying to apply that to bitcoin, currencies have not always work the way they do now, bitcoin is a new concept and whether is going to replace fiat or not, bitcoin is not going to lose its characteristics.

Maybe it was created to insure stability or to create stability in currencies around the world. Have anyone think about that maybe.
Crypto is something that is predicted back in early 90s of last century, and we all saw what crypto can do and for what it is capable.

So expect bitcoin to be even huge then it is now.

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Quote from: roadbits on May 09, 2017, 04:46:01 AM

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.

This is false, you are just seeing the way things works now and then trying to apply that to bitcoin, currencies have not always work the way they do now, bitcoin is a new concept and whether is going to replace fiat or not, bitcoin is not going to lose its characteristics.

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance

You seem to be confusing something here

Government doesn't tax fiat transactions and it doesn't need that, they can tax money itself (so-called inflation tax). You seem to refer to transaction fees that banks and other payments processors charge you on your money transfers. But, first, these fees have nothing to do with taxes (apart from banks paying taxes on their profits in which the fees are included also), and, second, they are entirely arbitrary in the sense that financial institutions are free in respect to the amount to charge and whether to charge anything at all

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Quote from: roadbits on May 09, 2017, 04:46:01 AM

The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

I would have to agree that bitcoin is slowly gaining popularity in different parts of the world. Since bitcoin has been officially accepted in Japan as payment, a spike in its actual usage has been seen. More shops are planning on accepting it as well because it is more economical to use than a foreign currency in which additional charges are being added because of conversion rate.

nethan1btc

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance.

Yeah you're right bitcoin is not taxable unlike fiat currency system which is honored by goverment and they can manipulate on the point of how many percentage of tax amount will they get from the salary of the working individuals. In bitcoin digital currency economy we have our own freedom of choice in order to choose what is the best for our financial source, and gladly we can also have the advantage of bitcoim to be our source of fiat cash. With that opportunity of exchanging btc to fiat cash, we can spend it to sustain also for our personal need specially to those who had their own families to support.

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

Bitcoin is more profitable for BTC users, and fiat is profitable for governament because they will collect tax from our every transaction. Bitcoins we no need to pay extra tax to govt that is why they were not allowed bitcoins to use in daily life. But now some online shoppes are accepting in some countries let's wait for our chance.

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Get'em boys

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies.

As you have said once the government gets control of bitcoin through the central bank certain qualities will have to be dropped and other service providers like mixing companies will be affected as it would want total control and accountability of how we all spend them.

And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.

you kind of contradict your self here because for a known fact unique qualities(features) will be dropped to suit their control strategies if bitcoin ever replaced fiat.

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

Real money could also be in the form of digital and can be use online, the difference with bitcoin is it is still under the control of the government since we are adopting the centralized system regulated by the government. Bitcoin is popular now because it's decentralized which is not a conventional way of payment processor and in general it gives more benefits to us users than using a fiat system based.

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

to me i think the only difference is that bitcoin is a digital currency while real money is paper money, we cannot use real money for online purpose for that you have to pass though different process and only then you can become able to use your paper money for online purpose. while bitcoin can be use for online purpose without changing it into any other currency. most of the online shops are now accepting bitcoin for online shopping.

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The answer is quite simple because bitcoin has a good value than dollars
abd this digital currency is not controlled by a monetary system like your Central fiat currency that is controlled by your government.
The reason you should invest your money into it cause in the future it will a huge price value that it may reach $500000 after 20 years it's s good long term investment. So that's basically it.

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Quote from: boyptc on May 06, 2017, 04:29:08 AM

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

If bitcoin is to replace fiat, a lot of its qualities would have to be dropped, like decentralization and pseudonymity. You can't expect it to really replace fiat without being subjected to government policies. And once government controls a certain currency, it will not lose some unique qualities that made it bitcoin in the first place. So I don't think bitcoin is really going to replace fiat, but maybe something else that could be a hybrid fiat and cryptocurrency.

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Quote from: Silberman on May 05, 2017, 09:28:55 PM

Quote from: Baby Dragon on May 04, 2017, 07:05:48 AM

Bitcoins is electronic or digital kind of money while real money is made from paper.Bitcoins don't have exact value like real money and the value of bitcoins will increase or decrease depends on the market.

Fiat does not have an exact value either, the dollar may say it is still worth a dollar but the amount of stuff you can buy with that dollar decreases every second you hold that dollar that is why you can go to the market and then realize that the stuff you used to buy with your money keeps decreasing.

Fiat doesn't have an exact value and most of the local currencies are depending it's worth of market value to dollars. And that's the same thing with bitcoin, the price of bitcoin is depending to it's market cap and it's medium for exchanging is through dollars. They are have a lot of similarity and as well as differences.

Yeah, it is not like in the old times where the currencies of the world were defined by a specific amount of gold in the vault of the government, now all the currencies of the world are not backed by anything so their value changes depending on the amount of currency they print, how solid their economy is and other factors.

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Quote from: optigon on April 26, 2017, 03:42:41 PM

First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.

The difference between bitcoin and real money is simply, bitcoin was created to take the place of fiat and to adopt to the current way of life and the different needs of people who by the time changed their thoughts and their habits, having internet or online shopping was something that we didn’t know existed before and now it is a part of our daily lives, and the digital world that we are going toward needs to have a different way for us to pay for things and from that idea came the bitcoin.

But I believe that one day we will be having bitcoins with no differences from fiats. Yes, bitcoin will do all the actions our local fiat will be doing.

Maybe our got the thing right that it was created to replace fiat but it won't happen so soon it will take lot f time.

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Quote from: phr0stbyt3 on April 26, 2017, 03:35:40 PM

Quote from: Duzter on April 24, 2017, 10:24:18 PM

Quote from: Finestream on April 24, 2017, 08:55:42 PM

Quote from: sobsitesearch on April 24, 2017, 08:26:31 PM

Quote from: Lauren Smith on April 24, 2017, 08:10:49 PM

Money is nothing more then something we have given value to and is small and easy to carry and use everywhere. You can trade money for anything you want since it has value. Bitcoin is the same since it also has value but usually Bitcoin is seem more as an asset like stocks. That's why the exchanges are basically digital stock markets.

Correct sir, in real money all people can able to used it even poor people they can while in bitcoin limited people can used it because not all people can afford gadgets to access bitcoin.
For now bitcoin is much better to invest than using real money because the value of bitcoin now is very high and it was continuous increasing, more investor now start to add some amount of money as bitcoin investment.

If you will look at the bigger picture, you will see that majority of the world's population are still poor and because of their status in life they will not be interested with the newest technology, their main purpose to live now is just to earn money to buy food at the very simple way that they know.

That's true, when one gets the basic requirement he/she focus towards the next level of growth. There are people who are struggling to find even a one time food. In such scenario technology aspects won't make them attracted to it, though it provides them some earning access.

That's sad but it is also true. There are more than 500 million people in world who are not aware of google itself so how can we expect them to adapt to digital payments or even be aware of bitcoin.

Yeah very few people prefer to go for cashless world as some of them are even scared of using credit cards for making purchases and we cannot expect them to start using bitcoins as they will always prefer to use fiat for their shopping purposes.

The thing is current situation of cashless economy is internet. Idk about your country but in my country a 500 mb data cost 5-10$ which is actually a lot. I do like the initiate samsung is trying to bring using samsung pay but unfortunately it doesn't work in every store.

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