Electronic Money vs. Physical Money - page 16.

Scavagers

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Quote from: Shendy23 on October 21, 2017, 11:06:22 AM

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. Wink

you can invest in cryptocurrency,you can not invest in real life currency but you can use it to invest in cryptocurrency. The most recognizable difference is that you can no see nor touch bitcoin and other cryptocurrency unlike our real money, we can see it, feel it,and touch it. I know both currency requires knowledge when holding because if we do not manage them properly, it might be wasted. Our real money changes based on the economy of a certain country while in cryptocurrency the changes have different factors, for example the regulation of government or the influence of media.

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Physical money is like tangible things you can see it, hold it and even smell it and can use it anytime as long as you have it with you but electronic money is not it's digital as if you have money can pay through electronic currency using your internet access you can transact through it.. physical money can be acknowledge almost to all region and country electronic money is limited as of now because not all know it specially in the remote places.

racistyui

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Electronic money is so much more convenient but it have not been accepted by some nations because physical money is much more easily to supervise.

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Quote from: arlington on December 30, 2017, 06:40:37 PM

At the moment the physical money is much more stable and it is used in every day transactions but digital currency can bring so much profits and people are just discovering it which makes it with a huge potential.

We are becoming more hi-tech as the years goes by which I do believe e-currency would really be more on trend but I would believe local fiat would switch into that which people would really engage into it which government would really plan to reach that state and I don't really believe that cryptos would take the place of local fiat because government wont really allow such thing to happen. Crypto might have a role but just as good on becoming a sideline but not be considered as a main thing.

arlington

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At the moment the physical money is much more stable and it is used in every day transactions but digital currency can bring so much profits and people are just discovering it which makes it with a huge potential.

aeternus

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Quote from: ClarksonI on December 20, 2017, 02:15:44 PM

Both are useful for the proper functioning of a society, one is not better than the other

each has its usefulness some

Most of the money of the world now is in digital form so if we go by usage there is no doubt that digital money is better that is why it has been more used than physical money for quite some time, however that does not means that cash is useless, there are some scenarios in which cash is better, like remaining anonymous and when the electricity is out cash is way better.

handsomes

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I think both to use it because Physical Money we need it every day because more cost in food,hangouts,projects,bills and etc to cost everyday heavy routine so all of us Physical Money is important to us Then, Electronic Money it is use to expansion of the compound and extra money for important needs But Electronic Money is It's great that you get money because of technology you give products and buy & sell to earn money.

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Quote from: Shendy23 on October 21, 2017, 11:06:22 AM

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. Wink

Physical Money for my daily uses and buy my food, bills. while Electronic Money is my future investment.
paper money for me and bitcoin for my kids

phips28

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Quote from: otol55 on December 25, 2017, 05:14:29 AM

maybe the difference between electronic money and cash money is from a form of payment.
Payment using electronic money is simple than cash.

I wouldnt say electronic money is simpler than cash, because you need more infrastructure for electronic money.

with cash you need nothing except 2 people are willing to accept/pay with it. (in a very simple world, like it was thousand years ago)

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Quote from: otol55 on December 25, 2017, 05:14:29 AM

maybe the difference between electronic money and cash money is from a form of payment.
Payment using electronic money is simple than cash.

Electronic cash is not "simple" than cash, you are just like comparing a sports car into a normal car. Electronic cash is efficient, cheaper and quicker than the normal cash, there are also disadvantages about electronic money, which is the volatility, not being accepted that much despite of it's popularity and the way it is not ready to be used in large scale.

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maybe the difference between electronic money and cash money is from a form of payment.
Payment using electronic money is simple than cash.

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electric money in this case is bitcoin right? as digital currencies? i think both of them are different, the paper physical money usually used in offline store and all store in that city will accept that money for the payment, but in bitcoin there are digital currencies use the blockchain network as the block for the store all transactions and bitcoin. it safer than other method to save your data, bitcoin, and others

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Quote from: Roam-man on December 14, 2017, 05:50:32 AM

I think Ecash will replace physical cash one day. It's just more convenient and fast. In our Internet digital era, it's what we need

With the passage of time everything needs changes because every new era brought modification in life style, culture, social activities, dressing etc. Current era is totally based on technology. People believe in technology and accept technology modifications and changes very rapidly. Cryptocurrency is also new technology based currency which the people like so much and most probably very soon cryptocurrency will be recognize legal across the world. In future fiat will remain its existence but will be rare in use.

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Quote from: ROB18 on December 23, 2017, 02:46:17 AM

Both type of money need to co-exist in my opinion. Currently, big portion of population already in a digital age wherein they are mostly transacting with any paper money. Using Credit Card, Debit, cryto, etc. But we are all aware that many people are still not a big fan of digital way of money transaction and many as well dont have access, therefore paper money is really needed for this type of market. So, both need to co-exist for a much better and healthier economy.

Electronic money is just part of the big changes in this world and those people who are really in need to use electronic money will surely adopt.
We cannot stop the changes which gives people convenience but we should also consider that this world has a big population and not everyone has the capacity to adopt electronic money, hence we can still say that paper money is also still very useful and I would be happy to see both paper money and electronic money gives people convenience to transact.

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Quote from: Neerajkumar on December 23, 2017, 02:11:54 AM

Electronic money is far better than physical money easy to handle and easy to carry at any where and the better part is accepted any where.Take the example of debit or credit cards which playing the major role in todays developing world.Electronic money is the best.

Of course the future is electronic money. For example, I make many purchases using electronic money. But I use physical money, too. The main thing to have a lot of money.

ROB18

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Both type of money need to co-exist in my opinion. Currently, big portion of population already in a digital age wherein they are mostly transacting with any paper money. Using Credit Card, Debit, cryto, etc. But we are all aware that many people are still not a big fan of digital way of money transaction and many as well dont have access, therefore paper money is really needed for this type of market. So, both need to co-exist for a much better and healthier economy.

haileysantos95

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Quote from: Nfp on December 23, 2017, 01:37:14 AM

Electronic money like bitcoin is just a digital currency, you can't compared it to a physical money, it is completely different from cash. Because electronic money is not available everywhere, while the physical money just like cash is everywhere available.

Correct electronic/digital money it is not available everywhere and it has its limitation compared to physical/cash money, there are many local markets in the world were you need to pay cash because market owners there uses cash to do a transaction.

deejayce48

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I am now enjoying the e-money. Like now, most of the time I use my credit even on my transportation. Because it is very convenient and fast to use. And it is portable - you can bring anywhere. So when crypto was created, I got excited because it is the advance or we say the evolution.

Neerajkumar

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Electronic money is far better than physical money easy to handle and easy to carry at any where and the better part is accepted any where.Take the example of debit or credit cards which playing the major role in todays developing world.Electronic money is the best.

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reading.......

Quote from: Shendy23 on October 21, 2017, 11:06:22 AM

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. Wink

Bitcoin is just a software were you can put your money and grow it independently and afterwards convert or exchange into real physical money. Bitcoin and altcoins gives opportunity to earn and learn more about hardwares and softwares only if they join this group.

Topic: Electronic Money vs. Physical Money - page 16. (Read 9521 times)