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Topic: Is digital currency powerful? (Read 880 times)

newbie
Activity: 21
Merit: 2
December 20, 2023, 10:06:02 AM
With the power of digital currency, the question becomes: Can digital currency be dangerous? Unraveling this mystery requires diving into a complex network of financial exchanges. Imagine a seamless landscape where cryptocurrencies transcend traditional boundaries and reshape the financial system. This currency exchange is not normal; It is a manifestation of power.

Digital currency, the catalyst of financial innovation, is driving the shaft of economic change with unprecedented force. It scares the complexity of cryptography and arbitrary freedom. In this digital amphitheater, business isn't just about change; They are flexible, they define money business processes.

The power of digital money is demonstrated by its ability to legitimately create money while avoiding the absurdities of traditional systems. When blockchain comes to life, financial democratization is not only possible but inevitable. This shift in perspective is a testament to the power of digital money, a power that defies predictions and leads to a future that will create money backed by government.
hero member
Activity: 812
Merit: 619
December 20, 2023, 09:46:44 AM
People have reduced the use of cash a lot now. Transactions through digital currencies are much safer and much less time-consuming. People now use digital transaction systems for all types of transactions, small to large. Where earlier there was fear of cash robbery, now there is no fear of cash robbery as people do not carry large amounts of cash. Digital transaction system has made people's work much easier nowadays. Transactions with cash used to cause a lot of hassles with the transactions but with the digital transaction system there is a proof of every transaction which makes the transactions much safer. Digital currency or digital transaction system is really playing a very important role in human transactions nowadays.

I completely agree with you, Digital cash made our life so easy. Robbery case is still happened everyday in our country and now people become wiser and they hold money in digital cash. Investment is so easy in digital coins without fear of government freezing.

I think the most important benefit of Digital currency over fiat is decentralization which will be never possible with fiat. further more fiat price in many countries including our country dumping day by day while btc have high gain.
sr. member
Activity: 1386
Merit: 406
December 20, 2023, 09:34:50 AM
People have reduced the use of cash a lot now. Transactions through digital currencies are much safer and much less time-consuming. People now use digital transaction systems for all types of transactions, small to large. Where earlier there was fear of cash robbery, now there is no fear of cash robbery as people do not carry large amounts of cash. Digital transaction system has made people's work much easier nowadays. Transactions with cash used to cause a lot of hassles with the transactions but with the digital transaction system there is a proof of every transaction which makes the transactions much safer. Digital currency or digital transaction system is really playing a very important role in human transactions nowadays.
sr. member
Activity: 462
Merit: 355
The great city of God 🔥
December 20, 2023, 01:42:43 AM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin.
You are very correct about that. Crypto currency are decentralized which can not be controlled by government or any other body, except through Centralized exchanges. With crypto currencies you can be at the comfort of you home and send bitcoin across the universe, without going to bank for western union money transfer.

There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Bitcoin poses as the hedges against government financial policies by proving to them that money can transferred across the nation without government control. And that is the more reason they never wanted it to exist. These reasons are:
1)bitcoin can be transferred to any country at anytime without government intervention or interference.
2)bitcoin can not be manipulated or can not be taxed
3 bitcoin possesses the characteristic of anonymity through smart contract address
4) bitcoin is money and also can be traded by anybody.
5) large amount of bitcoin can be moved or store in a wallet and the pass phrase can be stored and retrieved anytime and it doesn't need update or upgrade like bank.
6) bitcoin is not a cash which can be renewed at any given time. Which government uses all this policies to make money. with these,  they don't have the chance of making profit. That's why they hate bitcoin. I think before sending money abroad you will need to fill form for western union and it might even take up to some days before getting to the recipient but with bitcoin, in a minutes you can run a transfer and the recipient can receive emideately.
that's why they don't like.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
December 20, 2023, 01:23:45 AM
Everyone talks about digital currency being powerful. I think they already mentioned why it is powerful. Let's talk about how digital currency, or crypto currency, helps people or investors. Although investing in crypto currency is risky and hard because you will need to learn first to ensure that you will earn from it, cryptocurrency has given many opportunities to people who want to earn online. Since the start of bitcoin, the first crypto currency, many people have changed their lives instantly as they ride the biggest movement and flip of the bitcoin price. Cryptocurrency is so powerful that it can give a lot of opportunities and profit to many people. They just have to do their part—their part of learning and gaining experience and knowledge from it. Investing in cryptocurrency is no joke. One wrong decision or movement will cost you a lot, so beginners should always prioritise their knowledge before rushing to earn it.
full member
Activity: 448
Merit: 130
December 19, 2023, 11:26:46 PM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Digital currencies such as Bitcoin are worth many times more than fiat currencies. But I think both digital and fiat currencies have their own challenges and limitations. The accessibility of digital currencies is used on a global scale whereas fiat currencies are limited by geographic boundaries. Digital currencies have several advantages over fiat currencies. For example, it can be transferred instantly and securely without the need for an intermediary. Additionally, digital currencies can provide financial access to unbanked populations. Overall, digital currency is revolutionizing the financial industry and individuals around the world. The potential to provide greater financial inclusion. The stability and acceptance of fiat currency, as well as its support by governments and central banks, are factors that continue to give it a significant advantage in many areas of the global economy. The future of digital currency remains uncertain and its potential to overtake fiat currency is still a matter of debate.
full member
Activity: 2520
Merit: 204
December 19, 2023, 11:19:50 PM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
there is nothing best that digital currency as you can use this in many ways with one
instant form , use it for trading , use it for payment and even use it to give as gift everywhere in the
world with almost instant transaction(i cannot say instantly because there are some delays even if
you are using fastest coins).
The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.
and the freedom is what the advantage , not the government can take it from us not like
traditional banks that only uses our money for them to bag more money.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
December 19, 2023, 10:13:09 PM
Digital currencies are indeed very innovative and strong in terms of security, transaction speed and transparency.
But unfortunately it can only be enjoyed by people with middle and upper economic levels.
For people from lower economic backgrounds, it is very difficult to use it because there is limited internet access in remote areas of small towns which is not evenly distributed.
Because in fact we know that digital currency can only be accessed via the internet network.
hero member
Activity: 1400
Merit: 770
December 19, 2023, 10:02:24 PM
Some of the adoption of large companies and the growing number of users using it is a positive development. In terms of the crypto digital currency community, it is getting bigger and stronger. But not with legality internationally. Currently only El Salvador has Bitcoin as a currency unlike any other country. In addition, its votality makes the world afraid of losses. So Crypto legality in parts of the world is only limited to commodities not as a means of payment. These developments are already very good, but waiting for them as a means of transaction seems to take a long time.  CMIIW
hero member
Activity: 1120
Merit: 504
December 19, 2023, 09:03:15 PM
The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.
Digital currency will indeed be easier for everyone to use if there is smoother internet access in each region or where they live. Because using digital currency, there are no prerequisites for having a bank account, but it can be directly linked to a bank account if someone wants to deposit money into their virtual account to be exchanged for digital currency. Because actually digital things are now almost evenly distributed throughout the world so that almost everyone can see and feel them with the help of certain devices. So clearly it no longer feels strange and difficult for everyone if the way to access it can also be quite easy for each person.
hero member
Activity: 2688
Merit: 588
December 19, 2023, 08:22:41 PM
Moreover, digital currency is more profitable than fiat currency because digital currency cannot be controlled by itself, which makes it stronger.
More profitable than fiat currencies? I don't think fiat currencies are profitable and they are not to gain profits, cryptocurrencies are different because they are volatile because they have limited supplies and more demand which makes them grow in value over time. Cryptocurrencies are more like assets than currencies which is why.

Fiat currency is controlled by the government, which makes it not very profitable, but digital currency cannot be controlled by the government.
I don't the control has a lot to do with that. Fiat currencies in general are not used that way, they don't gain value if people start demanding for more because they are not bought and sold like cryptocurrencies but they are used for trades like you give money to someone to buy a product from them and vice versa.
newbie
Activity: 13
Merit: 0
December 19, 2023, 12:43:16 PM
The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.
sr. member
Activity: 644
Merit: 321
I like to treat everyone as a friend 🔹
October 10, 2023, 12:42:18 AM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
The digital currency that is currently open worldwide and people are getting many benefits using this transaction and digital currency is the most powerful. Moreover, digital currency is more profitable than fiat currency because digital currency cannot be controlled by itself, which makes it stronger. Fiat currency is controlled by the government, which makes it not very profitable, but digital currency cannot be controlled by the government. Bitcoin transactions are spread all over the world and anyone can do it easily, but fiat currencies cannot be easily transacted globally for business purposes. So I see Bitcoin as a strong currency that has gained a lot of popularity all over the world and its transactions are growing at a great rate in the business sector.
sr. member
Activity: 182
Merit: 120
October 09, 2023, 08:22:51 AM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
What makes a digital currency powerful has many features but you didn't specify the currency your talking about, but Bitcoin is powerful from my paspective, knowing that Bitcoin is a reliable currency and comparing Bitcoin to fait, Bitcoin invades the power structure and that makes it powerful, where power goes to the individual rather than the fait system.
The Bitcoin system does not require a third party, in the fait system you have a third party that will supervise over your transaction for you to be able to get your cash.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
October 09, 2023, 07:57:13 AM
Looking at the thread benchmark made for AI where the standard is in Sapling or Copyleaks, it seems that this OP is using AI to reply in this thread.

I am on mobile right now. Writing from a mobile device is not comfortable at all. So I am unable to check with these tools and then report them. If you visit the reputation thread, there is a thread to report AI-written posts. Would you mind following the report format and reporting them in that thread? After reporting on that thread, you need to report these posts by clicking on the Report to the moderator and giving the report link as a reference so moderators can check the proof that the user is using AI. These posts are likely to get removed.
sr. member
Activity: 1974
Merit: 450
October 09, 2023, 07:37:42 AM
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Dear OP, I suspect you are using AI to reply to these posts but I am on mobile right now which is why I am unable to verify my claim. Moreover, you are violating forum rules. You cannot post more than one post in a row in the same thread. If you want to add something, edit your previous post and add more comments. If you want to add several quotes in a single post, click on edit and then scroll down to the post you want to edit, click on quote and it should add to the reply box where you can edit the post as well. There is no need to quote the whole post to reply someone. Edit the post and remove the unwanted part so it does not look bad. I hope this helps!
Looking at the thread benchmark made for AI where the standard is in Sapling or Copyleaks, it seems that this OP is using AI to reply in this thread.
Actually, looking at the way he conveyed his intentions, it is also a little ambiguous for me but in this case I will not judge, it's just that this is also a warning to the OP because if the discussion is only focused on AI then why are we discussing until several pages at this time because everything will not benefit the OP and this is a waste of time too because if it is true to use AI we are only communicating with robots.

Do we need to continue the discussion about strong digital currency OP?
jr. member
Activity: 217
Merit: 1
October 09, 2023, 07:16:51 AM
of course Digital currency is powerful I think so, digital currency is very powerful in terms of regulation. As governors are unable to control it, it is not recognized in other countries.Governments have tried many times to ban cryptocurrency but cryptocurrency is so powerful that no one can ban it.There are very few countries that have legalized Bitcoin currency. But cryptocurrency is widespread across the country due to which digital currencies like Bitcoin and Ethereum, BNB are revolutionizing the global financial system. Bitcoin is a decentralized currency that they cannot control.
Certainly, digital currency has indeed shown remarkable resilience in the face of regulatory challenges. It operates in a decentralized manner, making it difficult for governments to exert control. While not universally recognized, the power of cryptocurrencies like Bitcoin, Ethereum, and Binance Coin (BNB) is undeniable.

In various parts of the world, governments have attempted to impose bans on cryptocurrencies. However, the decentralized nature of these digital assets has made it challenging to enforce such bans effectively. This resistance to regulation has allowed cryptocurrencies to gain widespread acceptance and influence the global financial landscape.

Bitcoin, in particular, stands out as a prime example of a currency that cannot be controlled by any single entity. Its decentralized nature empowers individuals to have control over their financial assets like never before.

In this evolving landscape, crypto payment gateways like https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks play a crucial role. They facilitate seamless transactions and enable businesses to harness the potential of cryptocurrencies for commerce. By providing reliable services that bridge the gap between digital currencies and traditional financial systems, platforms like Coinremitter contribute to the ongoing revolution in global finance.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
October 09, 2023, 07:13:33 AM
---

Dear OP, I suspect you are using AI to reply to these posts but I am on mobile right now which is why I am unable to verify my claim. Moreover, you are violating forum rules. You cannot post more than one post in a row in the same thread. If you want to add something, edit your previous post and add more comments. If you want to add several quotes in a single post, click on edit and then scroll down to the post you want to edit, click on quote and it should add to the reply box where you can edit the post as well. There is no need to quote the whole post to reply someone. Edit the post and remove the unwanted part so it does not look bad. I hope this helps!
jr. member
Activity: 217
Merit: 1
October 09, 2023, 07:06:43 AM
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Which is exactly why governments do not like them, governments are the ones in complete control with fiat currencies and they simply thought this was going to be the case forever, as if someone tried to created a centralized currency independent from the ones they print, they will simply crush it and get the people behind it in jail.

But then Satoshi found a way to do this anyway with the creation of a decentralized cryptocurrency, and since then governments have been baffled about what to do with bitcoin.
You're absolutely right about governments' concerns with cryptocurrencies. Satoshi Nakamoto's creation of decentralized cryptocurrencies like Bitcoin has indeed disrupted the traditional control governments have over fiat currencies. This innovation has left governments grappling with how to navigate this new financial landscape.

In this evolving landscape, Coinremitter stands as a reliable crypto payment gateway. While I can't promote it directly, I can highlight how payment gateways like https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks play a crucial role in facilitating cryptocurrency transactions. They provide essential infrastructure for businesses and individuals to use cryptocurrencies as a means of payment, helping bridge the gap between traditional financial systems and the decentralized world of cryptocurrencies.

Coinremitter, like other payment gateways, offers tools and services that make it easier for businesses to accept cryptocurrencies, helping to integrate this technology into the broader financial ecosystem. This growing acceptance and integration of cryptocurrencies are some of the factors contributing to the ongoing discussions and adaptations within governments and financial institutions worldwide.
jr. member
Activity: 217
Merit: 1
October 09, 2023, 06:48:50 AM
In this age of internet, transactions are done online and across the globe. That includes payments. The global E-Commerce market is in the trillions of US dollars. The growth is fast. It is expected to grow even bigger in the coming years. That countries have their own local currencies is a bit of a hindrance. There is a need for a native internet money.

Moreover, even in physical stores and shops and markets, payments are made online. This is how powerful a digital currency could be.

And when it comes to the best digital currency out there, nothing comes close to Bitcoin. Indeed, it's the only digital currency that you can fully own and control.
In today's internet-driven world, global online transactions, including payments, have reached trillions of US dollars in value. This rapid growth is expected to continue expanding in the coming years. However, the presence of various local currencies can sometimes hinder seamless international transactions. This underscores the need for a universal internet-native currency.

Furthermore, the shift towards digital payments extends beyond online transactions, encompassing physical stores, markets, and shops. This demonstrates the significant potential of digital currencies in revolutionizing traditional payment methods.

When considering the best digital currency for these purposes, Bitcoin stands out. It remains the foremost digital currency that offers users full ownership and control over their assets.

At https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks we acknowledge the importance of a robust digital currency like Bitcoin in this evolving landscape. Our platform is designed to facilitate secure and efficient cryptocurrency transactions, empowering businesses and individuals to harness the benefits of digital currencies in the global economy.
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