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Topic: Electronic Money vs. Physical Money - page 44. (Read 9504 times)

full member
Activity: 476
Merit: 101
October 23, 2017, 03:24:27 AM
#71
Basic Difference:
Crypto currencies:
1. NO physical form
2. NO weight at all (electronic)
3. NO geographical restriction
4. Many form of uses
5. Decentralized (Cannot be control by person or institutions)
 

Fiat:
1. Touchable and having physical form
2. Weight defends on the amount (The Amount of $ 6,000 would have in 100 Dollar Notes a weight of 60.00 g (2.12 oz) http://1000000-euro.de/how-much-does-a-million-dollars-weigh/index.php#weigh-dollar
3. mostly limited to its own country.
4. Centralize Control by the country government

There's a lot more difference between the two.
legendary
Activity: 988
Merit: 1000
October 23, 2017, 03:09:06 AM
#70
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 and electronic money both are now part of economy.
Though both are financial instruments, but it has quite different  used. Fiat or paper money is used daily in our daily needs from groceries,food transportation and many more while bitcoin is mostly on online transactions.We are not well connected digitally where we can used bitcoin for anything.Possibly in the future it will happen.
honestly i prefer bitcoin over money because in bitcoins you can earn something plus it has many uses and cool features compared to money but money is still the king of currency and it wont replace by something digital. money is easy to use without cables or internet connection and anyone of all ages can use it without or lesser knowledge.
full member
Activity: 505
Merit: 100
October 23, 2017, 03:01:16 AM
#69
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

For me, bitcoin or cryptocurrency is much better, but we are gonna need more new technologies to support a world where cryptocurrency is gonna be used as the main tool for payment. But, we can never neglect that bitcoin is being given all these attention by most of its user because its price is convertable in fiat currency, and its convertion rate is very high. I think at the back of bitcoins success, fiat money is the reason.
sr. member
Activity: 2198
Merit: 273
SecureShift.io | Crypto-Exchange
October 23, 2017, 02:47:31 AM
#68
for me the electronic money and money same same physical can be used but only the shape is different. If electronic money you can bring wherever practical walupun, in large quantities, and you can use a wide variety of transactions in just one card but there's a limit of the number of their use in a certain period of time. If the physical money you can use time and whenever you need it just isn't recommended bring excessive because it would invite crime.
 

I think if the concept of e-fiat has been implemented, then the government will apply the system of active period and maintenance cost on a regular basis, everything becomes commercial and unattractive, I think bitcoin should not get active intervention in the wallet system. we are not burdened with such problems in the future.
copper member
Activity: 840
Merit: 114
October 23, 2017, 02:22:49 AM
#67
for me the electronic money and money same same physical can be used but only the shape is different. If electronic money you can bring wherever practical walupun, in large quantities, and you can use a wide variety of transactions in just one card but there's a limit of the number of their use in a certain period of time. If the physical money you can use time and whenever you need it just isn't recommended bring excessive because it would invite crime.
 
full member
Activity: 380
Merit: 100
October 22, 2017, 10:08:06 PM
#66
Both of this are the same in the since, we use it to buy product and services. It only differs that Crypo/bitcoin is not regulated yet by the government as legal tender. Physical money dough is very helpful on areas that technology is not yet fully utilize especially on remote areas.
full member
Activity: 252
Merit: 100
October 22, 2017, 09:53:03 PM
#65
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

This has always been talked about here and the proper and technical term to use is cryptocurrency and fiat currency. But your term also is accepted which the name itself explains or describes it already.

Basically they are bot money. The difference is that cryprocurrenct or Bitcoin are not regulated by any central bank or government because no country owns it also. And the transaction is through codes and it can be an anonymous transactions. Unlike fiat money, it is regulated by a central bank per country and transactions may be monitored.
newbie
Activity: 18
Merit: 0
October 22, 2017, 09:45:26 PM
#64
The only understanding of a 'electronic' money makes this as simpliest as may be.
An electronic money is just a method of wiring of real money.
Someone may tell, a BTC an electronic money. But it's not.
The heart of BTC is located on each blockchain part wallets, which need to be synchronized between every new
wallet.
This shows, that BTC is not a money it'a data, that have a value.
Let's get closer to problem.... Why BTC price growing ?
Did someone, who's now investing in ETH, recognized, that only Bitcoin connected to fiat world ?
Ok. I may tell about about a an unreal kind of projects, which ready to be paid in BTC...
Please, give me a projects or ICO's I may invest from bank card Huh I'm waiting for reply, because, if you don't know, you're a not currently understand a future of tokens and coins.
full member
Activity: 392
Merit: 100
October 22, 2017, 09:38:26 PM
#63
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 can easily be transferred from one acct to the other and from one place to the other.  That what makes digital currency more useful but in a limited purposes only unlike with the physical money you can use it everywhere.
legendary
Activity: 1092
Merit: 1000
October 22, 2017, 08:56:37 PM
#62
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
I think that both forms are money are now revolving in society but talking about future, which one will take over the economy is bit impossible because both have their pros and cons..physical currency is where give the more acceptance in society.  But the electronic money is also coming with ace.  People now prefer more and more electronic money than physical money.  Electronic money has multiple benefits they come with. Electronic money has so many advantages like easy transaction and there is no involvement of third person.  Easy transfer of money and you don't need to carry your purse you just need to remember your password.
MiF
sr. member
Activity: 1400
Merit: 258
SecureShift.io | Crypto-Exchange
October 22, 2017, 06:43:56 PM
#61
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

Bitcoin is a digital currency in which the complete meaning can be see in google or internet but for the different usage between these two currencies i have the two most important.
1. Bitcoin is most convenient to use in which we could bring  it anywhere and use it anytime even in case of emergency we can use it instantly in which we can cash out even thru banks ATM and exchanges. Unlike actual money you need to bring it all the times to be spend.
2. Bitcoin is the most safest to use because it is not safe to bring money on the streets in which it might lost it to bad guys unlike            bitcoin you only bringing username and password.
full member
Activity: 322
Merit: 100
First 100% Liquid Stablecoin Backed by Gold
October 22, 2017, 06:36:29 PM
#60
of course I instantly answer the electronic money but it is not or has not been realized because of the government people do not want bitcoin or the like used for buying and selling directly
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
October 22, 2017, 06:16:21 PM
#59
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
Many people are confuse about bitcoin because their government are warning them as it's used for illegal trades. They never understand the concept of bitcoin as online currency so still their people are skeptic about it. Differentiating physical money and electric money is an easy thing, you can find yourself explaining it.
hero member
Activity: 672
Merit: 500
October 22, 2017, 06:07:52 PM
#58
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
From the word itself you can differentiate them on just using common sense but the thing you do say about people who are confused or even dont know on the existence of crpyto then its a missed opportunity for them since we do really know on the actual usage of bitcoin but yet it cant really be still accepted on any parts of the world and can directly buy goods from it.
I won’t deny the fact that bitcoin and altcoins are capable of doing a lot but still both are not mainstreams. Only a small percentage of world population is aware of digital coin world. At present, digital currencies are better at supporting us financially and I think this won’t change even in the future. We cannot use it for every micro payment but by watching the present value, we must save it for future instead of figuring out spending ways.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
October 22, 2017, 11:26:40 AM
#57
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
From the word itself you can differentiate them on just using common sense but the thing you do say about people who are confused or even dont know on the existence of crpyto then its a missed opportunity for them since we do really know on the actual usage of bitcoin but yet it cant really be still accepted on any parts of the world and can directly buy goods from it.
To be honest, the usage of bitcoin is very easy to implement to the people in the world because bitcoin is not that complicated since it is a decentralized currency and it has a lot of advantages that can be attractive to the people in a country to use bitcoin and invest their money which is also helping people to use an another type of money and also an another type of investment.
Yes, as in the statement bitcoin is completely decentralized and this provides the ease of implementation as it doesn't require any form of physical backing same as fiat that has gold as backing. Right now bitcoin usage compared to physical money is low. This might increase when more stores start accepting bitcoin for services and other business related activities.
sr. member
Activity: 1722
Merit: 309
October 22, 2017, 11:10:39 AM
#56
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
From the word itself you can differentiate them on just using common sense but the thing you do say about people who are confused or even dont know on the existence of crpyto then its a missed opportunity for them since we do really know on the actual usage of bitcoin but yet it cant really be still accepted on any parts of the world and can directly buy goods from it.
To be honest, the usage of bitcoin is very easy to implement to the people in the world because bitcoin is not that complicated since it is a decentralized currency and it has a lot of advantages that can be attractive to the people in a country to use bitcoin and invest their money which is also helping people to use an another type of money and also an another type of investment.
hero member
Activity: 2730
Merit: 632
October 22, 2017, 10:47:04 AM
#55
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
From the word itself you can differentiate them on just using common sense but the thing you do say about people who are confused or even dont know on the existence of crpyto then its a missed opportunity for them since we do really know on the actual usage of bitcoin but yet it cant really be still accepted on any parts of the world and can directly buy goods from it.
newbie
Activity: 35
Merit: 0
October 22, 2017, 10:44:14 AM
#54
i prefer physical money rather than electronic money because its more east to use the physical money than electronic especially when your faraway from the city.
full member
Activity: 459
Merit: 104
October 22, 2017, 10:42:24 AM
#53
Electronic Money is better than Physical Money. We all know know that electronic money is the future of the world because we can have them with us wherever we travel. We have bank transfers and tranfers between epayment systems and classic banks. Some poeple have at least one Electronic Money system.
Physical money is good because not many people know about electronic money and they want to give them physical money. But Electronic money is better than Physical money. I read somewhere that in Sweeden people do not use physical money. Sweeden is the very progressist country when it comes to Electronic money. From all electronic money that we know, Bitcoin is the one that gives promises.  
 
newbie
Activity: 35
Merit: 0
October 22, 2017, 10:11:22 AM
#52
i prefer physical currency than electronic because its more easy to use physical than electronic especially when you are faraway from the machine
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