If you will compare this two form of money then i can say that the electrical money is more convenient in the people who are in urban places because they almost all have the internet access and because of the internet access they can easily access to electrical money where they can transfer money from one person to another or vice versa which makes physical money like a useless form of money.
Digital technologies are developing very quickly and now even in the most remote corners of the world can find the opportunity to use the Internet. I've seen the aboriginal tribes pay for their purchases using a mobile phone. It seems to me that the love of people to cash due to the unwillingness to change habits. Although I support the existence of any form of money is justified if there is a need. 
Topic: Electronic Money vs. Physical Money - page 45. (Read 9521 times)
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. 
For me, cryptocurrency and fiat currency has they're pros and cons. In fiat, you can do transaction as simple as buying food in the streets so easily, just hand them your money then your done. But, you can't bring large amount of money, so, you need atm just to get more money to pay. In cryptocurrency, payment is easy as well, and the good part is, you can bring large amount of money without having the thought of somebody is gonna rob you ir steal your money.
Physical money is very attractive, i prefer to hold the money on fiat like Usd or Euros, 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.
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.
yes you are true as i prefer the physically existed money but the electronic money is also important for us . for us both forms of money are very important we used both forms like their are countries where we can use the fiat money and there are advanced countries where most of the people are using electronic money for transactions and people are ready to accept the crypto currencies and these are very popular in the world.
If you will compare this two form of money then i can say that the electrical money is more convenient in the people who are in urban places because they almost all have the internet access and because of the internet access they can easily access to electrical money where they can transfer money from one person to another or vice versa which makes physical money like a useless form of money.
I don't want to make another rehash of Bitcoin vs fiat, so I'm just going to go over the advantages that I think electronic currency can bring.
I'd say the most important advantage is security. Electronic money is far harder to steal as it will be inherently secure. Moving to electric money means there will be less pickpockets and there will be less muggings. Stolen money will also be much easier to track down as every single transaction is recorded. Corruption by public officials will be much more visible, and money laundering might be killed off altogether. All of these hinge upon proper execution of electronic currency, of course.
Second is convenience. ATMs will no longer be necessary, and you won't have to go to the bank to withdraw anymore. You can take care of all your transactions all on your own, so you theoretically have complete control over your finances. Purchasing items at groceries or restaurants can be as easy as NFC, and online transactions would be just as easy. Everything would be nearly, if not completely instant.
There are also certain disadvantages of course, the most prominent one being the reliance on proper infrastructure, but I'm sure that will be addressed in the future.
I'd say the most important advantage is security. Electronic money is far harder to steal as it will be inherently secure. Moving to electric money means there will be less pickpockets and there will be less muggings. Stolen money will also be much easier to track down as every single transaction is recorded. Corruption by public officials will be much more visible, and money laundering might be killed off altogether. All of these hinge upon proper execution of electronic currency, of course.
Second is convenience. ATMs will no longer be necessary, and you won't have to go to the bank to withdraw anymore. You can take care of all your transactions all on your own, so you theoretically have complete control over your finances. Purchasing items at groceries or restaurants can be as easy as NFC, and online transactions would be just as easy. Everything would be nearly, if not completely instant.
There are also certain disadvantages of course, the most prominent one being the reliance on proper infrastructure, but I'm sure that will be addressed in the future.
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.
Physical Money like paper and coin are still used by all people around the world, electronic money also like credit card, paypal and other online currencies but for cryptocurrency like bitcoin is still rare. I mean many people still don't know about bitcoin, if they don't know about bitcoin they also will not use bitcoin.
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.
Maybe a simple explanation will be that a Electronic money is non-tangible, and its being used to pay usually in online transactions. While you used the traditional fiat (physical) to buy physical things like in a groceries or other stuff non online. I don't see any confusion here as its very easy to distinguished the two. Both has its advantage over the other. But for me its better to used them both depending on the situation, and we don' need to debate whether one is better, they have their own used in our society.
Electronic money is easy to use when it comes in transactions entire the world, while physical money can easily buy any physical goods in physical stores. They are both useful but have different way in transactions, they are both valuable but different kind of money.
The technology had advance quickly, like it or not all of us ever used the electronic money to purchase something, but we cant just eliminate fiat, there are pro and cons for both of the payment, but I think in the future a lot of people will choose electronic payment, it is very efficient to used it and there so many benefit compare to traditional fiat
Even though Electronic money has so many advantages than fiat in this case is cryptocurrency especially bitcoin like people just mentioned above but for now i think i need two of them, in my country for cash or non cash transaction you must use our official currency or you will get punished by the government, the point is transaction with bitcoin inside the country against the rule but you can hold them as a stock or investment. Bitcoin might be perfect but the cash is still the winner since has power of the government.
The advantage and disadvantage of this two are really contradicting one another.
1. Electronic money transactions are faster than fiat.
2. Security. You can bring just your phone when going outside buying things than bringing a lot on your own. Looks like you have a card to swipe, except that it is your phone and who does not bring phone nowadays?
3. Electronic money is not just money itself, they have a lot of function and you can use it as your investment.
Well I am for electronic money as we see.
1. Electronic money transactions are faster than fiat.
2. Security. You can bring just your phone when going outside buying things than bringing a lot on your own. Looks like you have a card to swipe, except that it is your phone and who does not bring phone nowadays?
3. Electronic money is not just money itself, they have a lot of function and you can use it as your investment.
Well I am for electronic money as we see.
Physical money is very attractive, i prefer to hold the money on fiat like Usd or Euros, 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.
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.
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 a non tangible money, credit cards can be considered on this one.
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.
They are prettyuch the same in a lot of ways and have very few differences. Money is secured, and easier to use every day. And is backed up by gold and so much more.
While bitcoin on the other hand is a decentralized currency that can give you lots of benefits other than giving you anonymity to an extent.
Now both have lots of cons also, but i orefer not talking about it for i want to see all the good more than the bad because i surely need them both.
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.
Simply put, they are both different currencies in their own right. Bitcoin exist as digital, can't be physically carried about but can be transferred and used as money either directly or in exchange with paper money. While paper money as you know is physically carried about for exchange and transactions as you know already. So they are both different with different properties but reaching to one goal.
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.
Simply put, they are both different currencies in their own right. Bitcoin exist as digital, can't be physically carried about but can be transferred and used as money either directly or in exchange with paper money. While paper money as you know is physically carried about for exchange and transactions as you know already. So they are both different with different properties but reaching to one goal.
The key and fundamental difference between the two is that one you can hold the other you cant. Other than that they both function the same as means for exchange of goods and services. Another fundamental difference
between bitcoin and fiat at least is that fiat currency is inflationary whereas bitcoin has a deflationary model (not yet but incoming soon). The second difference is bigger in terms of impact and moving forward the scarcity of
bitcoins will likely have an impact on price. Whether demand is present or not in the future time will tell but the inflation decreases approximately every four years.
between bitcoin and fiat at least is that fiat currency is inflationary whereas bitcoin has a deflationary model (not yet but incoming soon). The second difference is bigger in terms of impact and moving forward the scarcity of
bitcoins will likely have an impact on price. Whether demand is present or not in the future time will tell but the inflation decreases approximately every four years.
This is a question that is asked often on this forum. Suffice it to say both electronic and physical methods of payment have their strengths and weaknesses, advantages and disadvantages.
Electronic payment can be faster and more convenient. With a click of a mouse button your transaction is completed.
Physical money requires a person to physically be able to exchange their paper money or precious metals for transactions to be conducted.
There are arguments both for and against electronic money being more secure from theft or scams. And there are arguments both for or against gold and precious metals being more secure or reliable in the event of natural disasters like hurricanes.
The topic "physical versus electronic money" may be too vague and non specific to produce a good discussion.
Electronic payment can be faster and more convenient. With a click of a mouse button your transaction is completed.
Physical money requires a person to physically be able to exchange their paper money or precious metals for transactions to be conducted.
There are arguments both for and against electronic money being more secure from theft or scams. And there are arguments both for or against gold and precious metals being more secure or reliable in the event of natural disasters like hurricanes.
The topic "physical versus electronic money" may be too vague and non specific to produce a good discussion.
This is a bitcoin forum, so I and most others here are crypto aficionados and love
'electronic money', and I think it's the way of the future. However, I still have a
thing for physical money. I like having paper money in my wallet and precious metals
in my safe. There is something about physically owning assets that you don't get
with crypto, or even a debit card, and that's irreplaceable.
Plus I think gold and silver have been beaten down, big time, and they're ready to
rebound. Maybe not as high as 2011 just yet, but they're primed.
'electronic money', and I think it's the way of the future. However, I still have a
thing for physical money. I like having paper money in my wallet and precious metals
in my safe. There is something about physically owning assets that you don't get
with crypto, or even a debit card, and that's irreplaceable.
Plus I think gold and silver have been beaten down, big time, and they're ready to
rebound. Maybe not as high as 2011 just yet, but they're primed.
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.
Simply put, they are both different currencies in their own right. Bitcoin exist as digital, can't be physically carried about but can be transferred and used as money either directly or in exchange with paper money. While paper money as you know is physically carried about for exchange and transactions as you know already. So they are both different with different properties but reaching to one goal.
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