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Topic: Electronic Money vs. Physical Money - page 5. (Read 9521 times)

hero member
Activity: 966
Merit: 501
March 04, 2018, 12:08:40 PM
Electronic money is more practical and works great if you run a business and you have to make transactions to providers, customers and so on. Also, it's great to have access online to your business accounts where you can control your money movements.However. For the average citizen (like me), I don't trust banks. Like i like to say; Money is only 100% under your control if it's in your pocket. I have all my money saved elsewhere and, only use my bank accounts when i want to buy something, i go to the bank and put the exact amount into my account.
Electronic money requires internet connection while physical money can be used anywhere and anytime.Electronic money is not legalised in many nations and in some countries it is also banned but physical money is accepted all over the world and transactions are also done through the physical money only.Physical money can be used by an illiterate also but for using electronic money you need to have some basic knowledge about it.
member
Activity: 168
Merit: 10
March 04, 2018, 05:15:12 AM
Electronic money is more practical and works great if you run a business and you have to make transactions to providers, customers and so on. Also, it's great to have access online to your business accounts where you can control your money movements.However. For the average citizen (like me), I don't trust banks. Like i like to say; Money is only 100% under your control if it's in your pocket. I have all my money saved elsewhere and, only use my bank accounts when i want to buy something, i go to the bank and put the exact amount into my account.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
March 04, 2018, 04:51:26 AM
Hi guys, I just want to know your views and opinion about the difference in 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 that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
The difference with the two money about the digital money or electric money and physical or fiat money are these first to be mention. Digital or electric money can be used by all to those who had knowledge about it but the physical or fiat money can't be used by all because every country had their own currency and you need to convert first in order to use in specific currency. Digital or electric money is decentralized while physical is controlled by goverment.
When you discuss about money wether it's digital or not they are the same. Bitcoin and other coin is base on fiat money or physical but it's price depends on supply and demand even if 1 bitcoin cost 11k physical money for example and that price may go up or go down that's another difference of digital from physical money.
full member
Activity: 420
Merit: 100
March 04, 2018, 03:51:40 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

We are used to buy our necessities with physical money and sometimes with cards. Some people doesn't know about Bitcoin because they are just simply using the physical money and they're contented to it. What I think is that in the future the Bitcoin will be used as a currency and the physical money will just be phased out. We are currently in the technological era where technologies are being innovated and emerging. This will be the future of paying method, the future of currency and other cryptos will also be the same as Bitcoin, also a type of currency.
member
Activity: 868
Merit: 63
March 04, 2018, 03:44:46 AM
I think in my opinion Electronic money will start to emerge these following years. One example already is Bitcoin which started 9 years ago. I think for me Physical money is just the product of the past and we should just move forward and evolve the things we do. That's why we have science and technologies to enhance and to move up as time passes. Sooner or later Bitcoin will be accepted around the world as a currency because it is the first Electronic money ever created.
jr. member
Activity: 168
Merit: 1
March 04, 2018, 03:08:58 AM
For me, it is better if you have both! Both have disadvantages and advantage. Electronic money, you can just use it if you have internet connection and smartphone so its dependent on it. While physical money is not dependent you can use it even, you don’t have internet connection or smartphone. Even you are far away from the signal range. Both have a convenient way to use.
newbie
Activity: 121
Merit: 0
March 04, 2018, 02:41:42 AM
one is electronic and the other is physical  Roll Eyes Roll Eyes I think electronic money bears something in common with share. and as I know, phy money is accepted widely while at some places, elec money is just regarded as property, not a trading means. and bank note is more stable I think. it's safer as its existence closely attached to the existence of a country. it's can go down in price at some time, but it can't be hacked or totally gone
sr. member
Activity: 501
Merit: 252
March 04, 2018, 01:25:40 AM
More convenience with Electronic money , move digits from one account to another  Grin

Physical need little care , if rain occurs ... or if forgot in shirt and gone in washing machine  Cheesy
full member
Activity: 267
Merit: 110
March 04, 2018, 01:21:25 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

For me It's best to invest or have electronic money because it is convenient, when you have physical money it might get lost or stolen but in electronic money is hard to be hacked or steal by someone. Investing it to Bitcoin is a wise decision also because by having your money saved you get to have profit and income it is safe also.
Yeah exactly it has a lot of difference bitcoin is a decentralized currency which is not stable because its depending on the demand while physical money is a centralized because it came from the banks and the government can supplies how many money should be produce for the year. while btc the miners are the one who produced bitcoin for us.
hero member
Activity: 980
Merit: 502
March 04, 2018, 12:51:13 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
I think both physical money and crypto have their own seperate advantages and neither of them can replace each other. Physical money is accepted everywhere and the government of the country support and regulate it. On the other hand, Bitcoin and altcoins are one the world's fastest growing investments and have tremendous potential to grow in future. Crypto yet has to travel a long tough road is it wants to replace fiat money.
full member
Activity: 196
Merit: 100
March 04, 2018, 12:46:21 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 obviously from the word Electronic money this includes the bitcoin, ethereum, Ripple, Monero and so many more, this electronic money is a codes encrypted to a computer that has a signicant value for example 1 bitcoin = $10000 while physical money is the money that is tangible, however this physical money's value is determined also in demand , in foreign aspects , treasury note and through reserves.
newbie
Activity: 65
Merit: 0
March 04, 2018, 12:36:07 AM
Electronic money is totally different from real money... They have their own advantages and disadvantages but they are both convertibles (fiat - crypto or crypto - fiat).
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
March 03, 2018, 10:03:59 PM
For me as our society becomes increasingly dependent upon technology, electronic money will become a more popular means of paying for products and payments. Electronic money can be obtained and traded instantly. It is a more efficient and environmentally friendly means of engaging in economic activity. While physical money we use is still very effective and a reliable method to keep track of money. It can be counted easily and easily be recognized. There 's no need to bother of testing the genuineness of money material.

Actually it depends on the person, they can take advantage of it for their uses. Both play a role in daily lives.
jr. member
Activity: 155
Merit: 2
March 03, 2018, 08:47:25 PM
Electronic money is more practical and works great if you run a business and you have to make transactions to providers, customers and so on. Also, it's great to have access online to your business accounts where you can control your money movements. However. For the average citizen like me, I don't trust banks. Like i like to say; Money is only 100% under your control if it's in your pocket. I have all my money saved elsewhere and, only use my bank accounts when i want to buy something, i go to the bank and put the exact amount into my account.
member
Activity: 328
Merit: 39
March 03, 2018, 07:53:13 PM
You make a big confusion, because - after you've done the distinction between electronic money and physical money, you need to be specific about what kind of electronic money you are talking about.
Paypal is electronic money, and also when you using your credit card is electronic money, but this has nothing to do with bitcoin!

Actually, lot of countries try to discourage the use of paper money, and push people to use electronic money - as in Sweden for example - but this is a way for a government to take absolute control above any transaction and it's the complete opposite of the idea of bitcoin, where anything is decentralized, anonym and without any control.

The problem is that most of the people don't realize the difference, so very soon we'll see some "government coin", fully centralized, and people won't understand that it will be only another step toward complete slavery Sad



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
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
March 03, 2018, 05:26:53 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

For me It's best to invest or have electronic money because it is convenient, when you have physical money it might get lost or stolen but in electronic money is hard to be hacked or steal by someone. Investing it to Bitcoin is a wise decision also because by having your money saved you get to have profit and income it is safe also.
Do you bring FIAT without risk stolen by someone? Roll Eyes I doubt your method to bring money, because credit card can still hack by hacker. Almost the activity of Underground are from credit card. And if you say your keep money at home or other places, these places also have risk to stolen by crime. Nothing is safe on the world Cool
newbie
Activity: 134
Merit: 0
February 27, 2018, 09:34:06 AM
Physical money is the one that you use in your everyday needs, you use to pay all the bills. And the electronic money is the one where you can get money when you needed.
member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
February 27, 2018, 09:19:27 AM
Electronic money means that Btc or virtual money.Electronic money is dependent on the online job,it can be kept in digital wallet securely,it's worth more than all others and can be used as a future asset.Here physical money is the cash which is completely different from electronic money.Physical money isn't so safe as electronic money and it's easy to use everywhere,which isn't electronic money.
full member
Activity: 350
Merit: 100
February 27, 2018, 09:17:14 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

For me It's best to invest or have electronic money because it is convenient, when you have physical money it might get lost or stolen but in electronic money is hard to be hacked or steal by someone. Investing it to Bitcoin is a wise decision also because by having your money saved you get to have profit and income it is safe also.
newbie
Activity: 14
Merit: 0
February 27, 2018, 09:14:30 AM
Physical money is freedom though and digital money can be controlled
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