Topic: Electronic Money vs. Physical Money - page 28. (Read 9504 times)
Electronic money is a currency used in internet and physical money or also known as fiat money is used in our country. The difference is that they are both used and only has value on their field because hou cannot by stuffs such as tokens here in the internet using fiat moneg, hou must change it first to electronic money to do so. Same goes to electronic money attempting to buy something in our local store such as market. In conclusion, they are both worthless in foreign land unless exchanged.
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. 
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. The only downside currently for electronic based currencies is that it requires internet access to transfer the funds.
Well in the near future this hindrance may be tackled with some offline server technology or something similar. Physical money is very important as technological aspects are still yet to be a part of poor countries. Electronic money is a bit more secure and has lesser transaction fees. Cash is a tangible asset whereas btc is intangible.
Physical money is having the advantage than the Electronic money, but the Electronic money is just starting to find their own position in the Economy, But with the huge potiental, they maybe could take the lead in the nearly future , about 5~7 years.
Money is just a way of organizing the exchange of goods. And it depends on the situation in the country or the world. In peacetime, all methods are good, and electronic money expands opportunities. But, for example, in wartime this all loses value, even paper. Meaning food and good old jewelry.
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.
Actually it's totally different, even though its name was Cryptocurrency,we can not compare it to actual money, becuase cryptocurremcy is a degital money, like bitcoin. Bitcoin is all digital but we use our phones everyday and they are very accessible in all parts of the world
It is only an easy mode of transacting heavy amounts in international market with low taxes and promising method that offers complete security.
Right. These are two different modes of how we can make purchases and transactions. Electronic money makes things a lot easier and convenient for us while we can't go on a day without physical money in our pockets. They go hand in hand but physical at this point is more impoetant
I use more electronic currency than physical currency. I find more and more often I use electronic form of currency in the form of debt cards. I prefer the ease of cards to cash hopefully we will get to the point where more and more crypto currency are accepted the same way.
But as of today, there are only few electronic currency are use in our society , like here in our country we can't use bitcoin as our payment. Only few store accept bitcoin as a payment.
I think it will be more wise to call it "digital money/currency " instead of electronic money .
Both digital money and physical money are different in many ways . Physical money is the fiat currency of a particular country and is limited to that country only whereas digital money is the currency of internet and there is no such geographical differences . Fiat money associates with centralized banks i.e it is totally centralized and digital money or cryptocurrency such as bitcoin has no regulations of centralized banks i.e it is totally decentralized and no taxes are imposed on it.
Yes it has a lot of advantages and benefits for the people of the developed world it will also be the most feasible and convenient in transactions and other online shopping for the developing countries but due to the lack of latest technologies and facilities they are being deprived from digital and modern world and that is the reason that the people of these countries are mostly relies on paper money. Both digital money and physical money are different in many ways . Physical money is the fiat currency of a particular country and is limited to that country only whereas digital money is the currency of internet and there is no such geographical differences . Fiat money associates with centralized banks i.e it is totally centralized and digital money or cryptocurrency such as bitcoin has no regulations of centralized banks i.e it is totally decentralized and no taxes are imposed on it.
Both electronic money and physical money is very important for us right now, but there are still many people who doesnt know electronic money or they dont know yet how to have a transaction using it, so i will iprefer to choose or use physical money because like other people physical money is more convenient.
well as of today the high technology is the best for the money,. so meaning the electronic money is the one that best today, we also know that today there are too many people that are having transactions worldwide, electronic money is the best way for them
Digital currencies or you can say electronic money, they are usable currencies that have special wallet that will store the amount digital currencies that you have. and for the transaction, there is some exchanger that could send bitcoin to another wallet for purchasing something. that's what i thought
For now many people will always choose physical money because, this is tangible unlike the electronic money and many people knows that they can use the physical everywhere and physical money is knows by everyone in this world unlike the electronic money, that is not really famous right now.
Hi,
A physical money is created by a government/state/nation/institution and is valuable only in a define territory. The money in itself can be emited according to the needs of the entity that created it. Some money exists within a network of firms and their value is "real" as long as it is used for transactions between such firms.
The bitcoin is not created at will by an entity. There is a process leading to its creation but it cannot be hasten at will. I will add that, to me, it is also impossible to fake bitcoin thanks to the blockchain.
A physical money is created by a government/state/nation/institution and is valuable only in a define territory. The money in itself can be emited according to the needs of the entity that created it. Some money exists within a network of firms and their value is "real" as long as it is used for transactions between such firms.
The bitcoin is not created at will by an entity. There is a process leading to its creation but it cannot be hasten at will. I will add that, to me, it is also impossible to fake bitcoin thanks to the blockchain.
physical money in my country yet, but I hope it will change to electronic soon
I do not think so. People do not trust in electronic money, most people think psychical money is more safe
Electronic money will be increasingly introduced into our lives. But cash will never disappear.
as cash will be protected by the Government in every State. how may cash will disappear and it will not happen.it took hundreds of years to change the world currency into one recognized currency.
in time bitcoin will become the world currency, sometime.
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.
The difference between digital money and fiat money is very simple. Aside from using different technologies electronic money is a digital asset whilefiat money is a physical asset. Digital money such as cryptocurrencies are decentralized while fiat money is a centralized form of asset. Digital money is only used online and or with the use of an electronic device for transactions like computers and mobile phones. Fiat money is the one that we are using in our daily lives used to buy and sell goods and we can touch it physically. Both assets has different purpose of existence and technology. For me having both assets is a good idea for us to survive and have a better future in this world. Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.
Point taken. It is true that cryptocurrency cannot be compared to actual money as they have a different stature in the society. Although they almost have the same purpose, they still are different from one another in many aspects. As stated by DaMut, the physicality of a currency is important in establishing its state. We should also take note of the accessibility towards these "money". I think for Bitcoin to be considered real currency, it should be accessible by everyone. Since Bitcoin can only be accessed through the use of the internet, then it is more of a privilege or opportunity to own compared to how fiat is earned.
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.
Bitcoin is just a digital currency and it is completely different from cash, it's not material, it's pure virtual money so no one can tamper with it or eat. The digital currencies are able of removing all these hurdles created by paper money. In short, future is of digital currencies in the economics.
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.
Actually it's totally different, even though its name was Cryptocurrency,we can not compare it to actual money, becuase cryptocurremcy is a degital money, like bitcoin. Bitcoin is all digital but we use our phones everyday and they are very accessible in all parts of the world
There is much difference in the electronic and the physical money. The physical money includes Fiat that could never be used over the line for the sake of transaction and vary from country to country depending upon the national currency .on the other hand electronic money is not bound to one single country, is completely decentralized and has no physical existence.
It is only an easy mode of transacting heavy amounts in international market with low taxes and promising method that offers complete security.
Hm, somehow I agree to this one and why anyone wouldn't as it is clear idea that was made by the satoshi sir back in 2009 or before that when he started thinking about the mode of transaction.
Its true that each fiat currency/physical currency is bound to the same country only and you can't use it in any other country. Thats the first thing about them, and that puts a limit on to them. In the second scenario if I take bitcoin with me which is over the Internet and flee to another country with different currency form then also I can live there with my bitcoin trade. Even I can convert bitcoin to their local currency and then use it I needed to do that. Its more easier than to go to airport and make exchange of physical cash.
For now, paper money is lead the way than Electronic money because they are the basic currency but in the nearly future, with big potiental advantages, digital will rebounce and take the place of paper money for sure.
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