Electronic Money vs. Physical Money - page 29.

Astermony

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

For me, physical money is good because if you don't have internet access, you can still buy food, drinks, clothes and anything you want to buy unlike electronic money that you really need to access the internet before you can use it. But when it comes to convenience of transferring money, of course electronic money is good because if you want to send money from your family, you don't need to go to the pawnshop just to send it because it is only one click away.

carlisle1

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

its given on what you have asked.BITCOIN or electronic money is different from physical money.first physical money is ready to use anytime whenever or wherever we can pay our bills with it.while electronic money needed power or electricity to use same as internet,if those arent available you cant use it and will wait until it becomes available.as simply as that

charlenedave

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It's hard to choose one between electronic and physical money, because both of them is very important for me, but if i only need to choose one, i will choose electronic money because i know that in the future electronic money can also do what physical money can do.

barbara44

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Quote from: rynah011991 on November 12, 2017, 01:16:14 PM

People are earning and spending money without ever touching it. In a small percentage of the world’s currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.”

Both have equal importance in the world of finance if the new version of currency that is the digital form has got introduced in the society and has many benefits over the other forms such as the physical money or the plastic currency such as the debits or credit cards even than you could realize the importance of physical forms even now. There are many underdeveloped countries and they still prefer physical money for their safety.

voztata

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Quote from: Manchumichael on November 07, 2017, 08:47:29 AM

Electronic money more used in metropolitician cities and whenever we do high amount transaction. Now people are started to use this transaction. But the cash transaction is common in all over the world, and I think the Electronic money will never replace cash.

One thing you should know is that in this modern days, you need both electronic money and physical money, cause of can’t do without one of them in some certain situations. There are lots of things to be done, and it each requires different form payment.

If we are talking about activities like buying and selling online, then electronic money is needed. And when I mean electronic money I don’t mean Bitcoin, dollars can be electronic (it is already, cause there are things like mobile banking).

Charisse1229

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

The differences between electronic money and physical money, want to say that electronic money is totally dependent on the internet, which is also cryptocurrency is very secure and only a few reports of it that it is hacked, Both of them are needed in our life because with physical money, we can easily pay things, because if we don't have internet then we can use our physical money to pay things

Batmain

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

Electronic cash (cryptocurrencies) are no less than ten years old but it have already disrupted the world of finance.
For example you have the abacus as a calculator back in ages but now we already have electronic calculators that can solve even the hyperbolic functions. Same for the EDVAC and ENIAC calculator where our smartphones are way more powerful than this supercomputers back in the days.
Soon traditional money will be replaced and the electronic money will be more convenient and way more better in terms of being the medium of transactions. We still have much more to learn tho but at the meantime lets have a fruit of this development.

shone08

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Quote from: Vikingr on November 17, 2017, 06:59:17 PM

Quote from: aeternus on November 01, 2017, 06:25:44 PM

Quote from: julzcoinbit on October 26, 2017, 07:12:17 AM

Quote from: Faxmate on October 26, 2017, 06:58:17 AM

Quote from: the rise on October 24, 2017, 01:47:19 AM

Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.

I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin.

In that point ,bitcoin is really better than fiat currency. With bitcoin, people can move their wealth in a permissionless way using their individual sovereignty. Bitcoin users can utilize the decentralized currency for operations that are typically frowned upon by third party forces. This includes online storefronts selling pornography, illicit drugs, and other black market activities. Cryptocurrencies can also be used to avoid taxation as it leaves the decision of reporting to tax officials up to the user.

Most of the uses you state for bitcoin are not really recommended, after all most of them are illegal all over the world, but with bitcoin we can do all the regular things we can do with fiat with the advantage that no one in the world will be able to take our coins away from us.

Both the electronic and the physical money have their own importance .actually the thing is that when it comes to the user security then the physical money is much better option than the electronic money as it is more likely to get hacked or stolen by someone. But if we talk about the huge money transfers internationally, then the paper money could never serve the purpose.

In other country physical money have their own historical meaning (like in my country) and yes this two have their own difference, physical money are easy to spend and many people must prefer the fiat instead of digital cash because most people think that bitcoin are scam.
In my own opinion physical money are must better compare to cryptocurrency yes Bitcoin now a day are most popular the price are huge but the problem are transaction are slow the transaction fee are expensive but still bitcoin continue to increase.

Man21

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There are many different. But easily, crypto can become an investment but fiat can not.
Crypto is not accepted in all country but fiat yes. And many other different.

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

Well it differs in the sense that you cant use bitcoin money at every location in life but you can almost use cash at any location. It is weird though however considering the fact that most money nowadays is digital but yet we

arent able to spend this digital money? Weird paradox if you ask me and Sweden is looking to end cash in society and it may have completed this task as early as 2023.

benzotape

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physical money in my country yet, but I hope it will change to electronic soon

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

They have a big a difference electronic money or a digital money from cryptocurrency compared to physical money, bitcoin is very popular and known as a digital currency many people trust with bitcoin to used because it has easy transaction when it comes paying of bills via online. While in other hand the physical money which a handy money you can used it easily when you buy in open market or mini store.
This two currencies you cannot compared because both have importance to us!

Vikingr

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Quote from: aeternus on November 01, 2017, 06:25:44 PM

Quote from: julzcoinbit on October 26, 2017, 07:12:17 AM

Quote from: Faxmate on October 26, 2017, 06:58:17 AM

Quote from: the rise on October 24, 2017, 01:47:19 AM

Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.

I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin.

In that point ,bitcoin is really better than fiat currency. With bitcoin, people can move their wealth in a permissionless way using their individual sovereignty. Bitcoin users can utilize the decentralized currency for operations that are typically frowned upon by third party forces. This includes online storefronts selling pornography, illicit drugs, and other black market activities. Cryptocurrencies can also be used to avoid taxation as it leaves the decision of reporting to tax officials up to the user.

Most of the uses you state for bitcoin are not really recommended, after all most of them are illegal all over the world, but with bitcoin we can do all the regular things we can do with fiat with the advantage that no one in the world will be able to take our coins away from us.

Both the electronic and the physical money have their own importance .actually the thing is that when it comes to the user security then the physical money is much better option than the electronic money as it is more likely to get hacked or stolen by someone. But if we talk about the huge money transfers internationally, then the paper money could never serve the purpose.

AliMan

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Quote from: Kiweikoo on November 16, 2017, 07:20:31 AM

Quote from: bakunawaaa on November 11, 2017, 02:07:07 PM

Like I said in the other post, real money such as USD or fiat money, the banks accepting these currencies most of them now has online features. Which means you are able to spend that money electronically. So the only difference now being crypto currency is decentralized and relies on a different system of checks and balances. So in terms of convenience, they have their uses, btc right now remains available only to a few individuals, but this is an ever growing population of users of course.

Bitcoin is far better than the physical money because it has best profit giving nature and it has dual mode and on top of it bitcoin user circle is increasing day by day and physical money extent date is near and people are demanding bitcoin to be declared as the global currency so that they can used bitcoin for their daily expenses and more of it btc prices are changing people lives and giving them more than cash gives.

If you will compare these two, These to is having a big difference. If you are an innocent about bitcoin, you will say that this is not a legit internet currency and i believe that you will choose Physical money in this question. Face the reality, There are lots of online shops that requires bitcoin as the mode of payment. In this case, you cannot use the Physical money to pay if you will order or purchase an item. If you're aware in some stores, many of them are using Bitcoin as mode of payment. Indeed, Bitcoin is good in some cases and also Physical money has advantage in other situations. And i believe that someday, many of us will use bitcoin in every stores or shops in our country.

Kiweikoo

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Quote from: bakunawaaa on November 11, 2017, 02:07:07 PM

Like I said in the other post, real money such as USD or fiat money, the banks accepting these currencies most of them now has online features. Which means you are able to spend that money electronically. So the only difference now being crypto currency is decentralized and relies on a different system of checks and balances. So in terms of convenience, they have their uses, btc right now remains available only to a few individuals, but this is an ever growing population of users of course.

Bitcoin is far better than the physical money because it has best profit giving nature and it has dual mode and on top of it bitcoin user circle is increasing day by day and physical money extent date is near and people are demanding bitcoin to be declared as the global currency so that they can used bitcoin for their daily expenses and more of it btc prices are changing people lives and giving them more than cash gives.

Seaze007

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

Difference of electronic money and physical money. the electronic money you can save it longer unlike physical money you can spend it all the way.
The electronic money you can start invest, and wait for your profit will getting high, physical money you can buy all the things or stuff do you like and the future you didn't know you did not save at all.

pokeronlinestatus

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Quote from: Granxis on November 04, 2017, 05:36:04 AM

In the past everyone had a mail box, and when e-mails appeared, people said, "What do you need?" In the same way, physical money is very useless, so it will get out of use soon.

You cannot deny the importance of any one of them because people are familiar with the paper money for the last several decades so people are very much confident over the use of paper money while the digital currency is recently introduce which will take some time for developing trust and confidence over it.

Marivic13

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Quote from: Shendy23 on October 21, 2017, 12:06:22 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

In my own opinion ,its not that bitcoin is electronic and fiat is physical, in fact most of our money today in fiat isnt made of paper, its all digital and stored as numbers; i believe the actual number was over 90% iirc (as digital). fact is, bitcoin is inherently different from fiat money; cryptography, decentralization, and the inherent need for cybersecurity to name a few. in addition, bitcoin is not backed by anything; the united states treasury was backed by gold at one point (though not anymore), but bitcoin, as an inherently digital asset, cannot be deemed to be worth anything of equal value in the real world except by what its value relative to a currency is determined to be...

bitcoinmasterlord

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Quote from: Naoko on November 15, 2017, 09:23:01 AM

Physical money is very attractive, I prefer to hold the money on fiat like USD or EURO, because they are pretty and everybody likes them instead of my local money.
But everybody knows that earning money through electronic money or cryptocurrencies is being very easy at the moment, because they are being very volatile and that is why almost everyone is buying bitcoin, only to make more money because it is easy.
So, I think, that they are different and we need both of them

Now the trend is changed, I agree that holding USD or EURO feels good, but the value of the physical money will never increase. You want to grow your investment then you must go for electronic money. I think next generation full support only electronic money.

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Quote from: iqlimasyadiqa on November 05, 2017, 06:21:20 AM

Quote from: Honest Tim on November 05, 2017, 06:07:52 AM

Physical money as a real existence as it can be seen, feel naturally, others than electronic money is not physically present, and have no physical existence. Physical money is handy, old and accept by many companies, markets, and authorities while electronic money is not as such accepted.
Uneducated and illiterate people know only physical money and the electronic money is out of there reach, as they depends more on the physical currency fir their day to day activities. Physical money has more acceptance than electronic money. But electronic money can not be steal easily and is more safe and secured than physical money. Banks and other authorities can keep a check on physical money but on electronic it is not easy.

Each type of money has its own advantages. it is currently possible electronic money still can not reach many people because of the limitations of various things. There are still many people in the world today who still think that electronical money is unsafe and also felt not something that can be easily accepted by society. But in reality today Currency digital has started to improve and increasing. I am very optimistic if one day in the future that digital currency can be one of the most attractive financial payment media and has been applied in many financial sectors. It's already starting to look and our current task there continues to support by using it in every financial transaction we do.

Physical money has made a place in our heart because when we take in our hand we feel that we have money while in case of electronic money we are having no such like natural feelings but it is a reality that electronic money is making our life so fast and so much easier because there is no involvement of third party as electronic money is being decentralized.

Topic: Electronic Money vs. Physical Money - page 29. (Read 9504 times)