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Topic: Electronic Money vs. Physical Money - page 17. (Read 9521 times)

Nfp
member
Activity: 168
Merit: 14
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.
full member
Activity: 392
Merit: 100
December 22, 2017, 11:50:37 PM
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 Smiley
Electronic money is unstable because of the threat in the digital world like hacking. It is better to invest and save much paper fiat since it has been there for like forever and it is much stable.
Physical money has many issues as well, physical money deteriorates with time, there have been stories of people saving all their money in cash for many years only to discover later the bills have almost disintegrated with time, so like you see there are disadvantages to cash as well.
I'm lean toward electronic money. we simply require cell phone for exchange and simple to utilize yet keep in mind electronic money have a terrible thing when you are far from the flag run and no atm in there it will trouble for exchange.
member
Activity: 328
Merit: 39
December 21, 2017, 01:37:56 PM
Don't confuse - as most people do - Electronic money with Bitcoin: Electronic money is just another form of fiat money, so it doesn't have any property of cryptocurrencies. Electronic money is just a lot of bit manipulated by government.
newbie
Activity: 238
Merit: 0
December 21, 2017, 09:17:15 AM
well electronic money (crypto, not bank money) is a good investment and it easy to use but the physical money is better if you want to spent it since the cryptos aren't useble for buying yet
sr. member
Activity: 336
Merit: 260
December 21, 2017, 09:11:27 AM
As per observation, physical money is much usable compared with the electronic money. It was happen because more people in the whole world had lack of knowledge with regards to technology or else some of them are not know how to used debit card or credit card.

Otherwise most usable for me the physical money because in any way they can easily used it even everywhere.
full member
Activity: 233
Merit: 250
December 21, 2017, 08:35:53 AM
There soon will be services that will pay us for spending our own time!

I know what you mean, here I am to agree with you. Those projects are already almost on the market. our mytimecoin promises to be a great success
member
Activity: 131
Merit: 16
December 21, 2017, 08:26:19 AM
There soon will be services that will pay us for spending our own time!
full member
Activity: 308
Merit: 128
December 21, 2017, 07:17:30 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 Smiley


Well, in electronic money or Bitcoin it is a virtual currency were in you don't need to work 8hours a day, or you can work without a boss watching you, you can also buy things thru Bitcoin in a fastest way and also can earn huge amount in a short time, while physical money the is that salary that we get from our employer,  as simple as that.
full member
Activity: 350
Merit: 100
December 21, 2017, 06:50:49 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 Smiley

The thing is the only eletric money that are popular in this days are the cryptocurrency and all of them are decentralized thay makes them much preferred by a lot of people because all of us doesn't want to pay taxes we do not wanted to reduce the overall amount of what we are gaining. And physical money in the other hand can we torn apart can be kept physically but can also be steal from us. Digital money can be kept and help a large amount without hassle but also can be steal from us by the use of hackers but we can always prevent that just stick to the modern for.me.
member
Activity: 210
Merit: 10
December 21, 2017, 04:09:41 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 Smiley

Both electronic and physical money is very useful.
Physical money is used daily in our daily needs like food, transportation and many more. While electronic or cryptocurrency is mostly online transaction. But if had to choose, I would choose physical money because although bitcoin or cryptocurrency is already very secure and popular, but in other countries bitcoin still remain illegal.
full member
Activity: 434
Merit: 168
December 20, 2017, 10:50:31 PM
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 Smiley
Physical money is more advantage and more usable now because you can use this anywhere to buy anything but in electronic like bitcoin that needs internet to convert in physical money to buy but its more good you have electronic orvdigital money like bitcoin because the value is increasing.
sr. member
Activity: 490
Merit: 250
December 20, 2017, 10:46:02 PM
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 Smiley
Talk about the tangible and the intangible. The biggest difference really is its acceptance by the general public. Real money or fiats can be used by all and to all businesses no matter how big or small it maybe while on the other hand, you can only transact using bitcoins or other cryptos from individuals or institutions that accept cryptos.
full member
Activity: 350
Merit: 100
December 20, 2017, 09:27:34 PM
Depends! I preferred both, There are instances money are very useful in case to case basis, Like if i were in rural areas, they mostly doing traditional method of payment due to lack of connections and expensiveness of computer gadgets to accept credit card payments.
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
December 20, 2017, 06:46:20 PM
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 Smiley
Digital currency are currencies without physical form unlike regular currencies such as dollars and the likes. Everything is virtual for digital currency and it is the biggest difference between digital and regular currency. Transactions are also with the use of internet for digital currency while personal transactions for regular currency or with the use of socialization.

digital currencies have penetrated into real-world goods and services payments, whereas physical currencies are an obsolete pattern that will be replaced in the future, a fast rate of transactions will make the convenience expand widely.

E-money will not only apply to cryptocurrency just because fiat will also bring the same thing, the biggest goal is the effectiveness and reduction of excessive budget spending, so do not be surprised one day conventional banks will fire many employees who work offline.
hero member
Activity: 798
Merit: 500
December 20, 2017, 06:37:32 PM
If I choose between electronic money and physical money, I would to choose electronic money since money in electronic rises. Like in Coins.ph, if you convert your money to btc, it will gain a profit as time passes by.
In addition to this, the electronic money can be used as an investment if now being used by the owner as it is increasing day by day. Another thing is that it can be spent much more faster that the paper money, and if you have to transfer the money to someone, you can do it in much more secure and free of tax way. Its not like that physical currency is totally obsolete, but why to go for slow net when you have 4G or LTE?
member
Activity: 117
Merit: 12
December 20, 2017, 04:31:28 PM
money you have on credit card ... are not physical, they are electronic. and so is bitcoin, but bitcoin is totally different story, since it is decentrilized. people are used to electronic money, if they want bitcoin they may need to learn the principles how it works .. or may not )) just learn how to use it
full member
Activity: 413
Merit: 105
December 20, 2017, 04:11:15 PM
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 Smiley
Digital currency are currencies without physical form unlike regular currencies such as dollars and the likes. Everything is virtual for digital currency and it is the biggest difference between digital and regular currency. Transactions are also with the use of internet for digital currency while personal transactions for regular currency or with the use of socialization.
member
Activity: 90
Merit: 10
December 20, 2017, 03:56:10 PM
Physical money is always seen as more trusted compared to digital money.

But the potential of the digital currencies is more different than the potential of the physical currencies. The growth rate of digital currencies is really big.
sr. member
Activity: 686
Merit: 250
December 20, 2017, 03:54:14 PM
Everything is electronic now, so money must follow.

The electronic money is better than the physical money because the electronic money is the most secure one than the physical. Your physical money can be steal by the thieves easily while nobody can thief your electronic money. IN case some master hacker hack your account and steal the money then the responsible for this robbery is Bank or other services provider not you. Your money will be still safe and will provide on demand from the electronic services provider.
But that is only true for centralized ways of payment when it comes to bitcoin if you lose your money to hackers you are most likely never going to see that money ever again, that is why one of the most important things we need to do as bitcoin holders is to make sure to not lose our coins to hackers and that means we need to implement strong security measures.
sr. member
Activity: 868
Merit: 256
December 20, 2017, 03:53:03 PM
electronic money is very popular now and vbetter than physical money  you can make your everything near on the web shopping and payments  bills but physical money gaves  you some feels  on your pocket and you can touch and you can give your family  but electronic money sometimes you can not do that
Money is money, weather it is physical or electrical, that doesn’t matter to me because both are performing the same job in the world. We shouldn’t compare one thing with another or the benefits or curses of one thing with another. Both the currencies holds equal importance in the society and both are a need of the people now and we should accept that.

I agree. Money is money. We should not compare them, but we must do something that we will have a lot of money. I more thing in gaining money is Bitcoining. Physical money and electronic money is same value in the eyes of the society. Because Electronic money can be converted into physical and Physical money can be converted into Electronic. And if we already converted electronic into physical money, We can now use it in many ways. There's no problem in it. Bitcoin is for business puposes and Physical money is for buying etc. That's only the sequence.
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