UPDATE - page 40. | Bitcointalksearch.org

yoona

sr. member

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Live by your own rules

Quote from: kaselit on October 28, 2015, 11:34:56 AM

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

firstly,i gonna ask something,how do you know that 10% of transactions in the world are using bitcoin transactions?
I think that the advantage that can get by the normal family when using bitcoin is the ease and speed of transactions, and also in the manufacture of the account associated with bitcoin, very easy and fast.

WhatTheGox

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Quote from: Signaturan on December 21, 2015, 11:46:50 AM

To me, the main difference between Dollar and bitcoin is the former is supported by weapons, the latter is enpowered by Internet.

True, one has a uture and one doesn't. The trends show more and more people are looking for ways to avoid war. More and more people are finding out the dirty tactics of the elites to create war. RIP fiat.

Amph

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Quote from: Signaturan on December 21, 2015, 11:46:50 AM

To me, the main difference between Dollar and bitcoin is the former is supported by weapons, the latter is enpowered by Internet.

this is not a difference at all, us dollar is more used than bitcoin can ever dream to buy weapons and war things, not even an argument

and bitcoin is more empowered by internet than usd, bitcoin need internet more

Denker

legendary

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Quote from: wadii33 on December 21, 2015, 09:59:20 AM

they are very different one ruling the fiat currency the other ruling the cryptocurrency and at the time fiat currency is dominating

And the reasons are that fiat currencies since a long time, and Bitcoin is compared to that only 7 years old.
Furthermore politics and the financial incumbents are working hand in hand together with each other.
When ever once a new competitor came up, he got destroyed by heavy regulation (paypal) or had been destroyed (liberty dollar).
But getting rid off Bitcoin, because being decentralized, isn't that easy.And right now we have some financially strong guys, with knowlege, influence and lawyers on our side which will make it even more difficult for the banks and governments.
Interesting years to come!

Signaturan

newbie

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To me, the main difference between Dollar and bitcoin is the former is supported by weapons, the latter is enpowered by Internet.

hendra147

hero member

Activity: 644

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in My country ( indonesia)
1BTC = Rp. 4.200.000
$1 = Rp. 14.000

so bitcoin is winner Roll Eyes

at this moment dollar is most popular than bitcoin , this is very diffirent system
Bitcoin can used everywhere but you need "internet connection" to use it (spend, receive, send etc.)
and you can use dollar everywhere even if you do not have an internet connection

Bitcoin is Online payment, online currency
and USD is global currency (at this time)

wadii33

full member

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they are very different one ruling the fiat currency the other ruling the cryptocurrency and at the time fiat currency is dominating

AtheistAKASaneBrain

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Quote from: wikenpp on November 29, 2015, 03:42:47 PM

Quote from: caliboy37 on November 29, 2015, 12:47:39 PM

Dollar win! Dollar is accepted everywhere and can be exchange on any money.

Just this.

Everybody in the world (should) know about the dollar. Bitcoin is too new. Therefore you can't use it. And fact is most of the common people will not want your bitcoins, since they are affilated with criminals.

Maybe in 5-10 years this will change.

The dollar will still be king most likely, because it's backed up by the first super power in the world. So unless people get tired of the fiat hyperinflation scam, it will most likely be #1. In any case, in 10 years BTC will be so advanced that it will be #1 store of value defeating gold's price.

Snorek

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Quote from: caliboy37 on November 29, 2015, 12:47:39 PM

Dollar win! Dollar is accepted everywhere and can be exchange on any money.

Dollar is around for more than 100 years, bitcoin is not even 10 years old and it so far widely accepted as direct payment and you can buy indirectly (by exchanging btc for any FIAT) anything.
Imagine what will happen in 10, 20 years.

lixer

hero member

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Quote from: BigBoy89 on December 20, 2015, 04:14:51 AM

Quote from: Decoded on December 20, 2015, 01:03:36 AM

Dollars are usually stored in large amounts in banks. Not many people keep their life savings in cash. Bitcoin on the other hand, is virtual and will be stored somewhere safer than a bank - wherever you want. Banks then can't take it from you (unless, of course, you put your bitcoin with the bank :3)

Also you don't need to pay tax to Bitcoin wallet like how you have to pay tax to bank when you save dollars and value of Bitcoin increases much more rapidly than the value of dollars so it's like when it comes to stability dollars might have slightly upper hand over BTC but again it depends because we never know how rapidly the value of BTC will increase take last two months as an example

I too think Bitcoin wins, even if dollar is stable and accepted mostly by people, bitcoin has more value when exchanged to currency, and another good part of bitcoin is you don’t need to pay tax for using bitcoin. Bitcoin is more convenient and secure than dollars.

cluit

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Quote from: BigBoy89 on December 20, 2015, 04:14:51 AM

Quote from: Decoded on December 20, 2015, 01:03:36 AM

Dollars are usually stored in large amounts in banks. Not many people keep their life savings in cash. Bitcoin on the other hand, is virtual and will be stored somewhere safer than a bank - wherever you want. Banks then can't take it from you (unless, of course, you put your bitcoin with the bank :3)

Also you don't need to pay tax to Bitcoin wallet like how you have to pay tax to bank when you save dollars and value of Bitcoin increases much more rapidly than the value of dollars so it's like when it comes to stability dollars might have slightly upper hand over BTC but again it depends because we never know how rapidly the value of BTC will increase take last two months as an example

Might Bitcoin be not dominating Dollars in a bank in a manner it should have to, but it have potential to be much more popular than it. Its non tax applicable, rapid fluctuations qualities have capability to beat dollars in bank in a bad way and surely this is going to happen in quite less time.

nerFohanzo

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Quote from: Btcforall on December 19, 2015, 07:55:03 AM

Quote from: caliboy37 on November 29, 2015, 12:47:39 PM

Dollar win! Dollar is accepted everywhere and can be exchange on any money.

Yes dollar is a universal currency at the moment and I dont see any challenge toits dominance by bitcoin for the next 3 decades

Yeah there is no competition to dollars when it comes to currency, bitcoins are getting more and more popular day by day but it could not replace dollars in the coming years as people have more faith in dollars as compared to any other currency and people would move to bitcoins for sure but bitcoins can never get on the mainstream and can never replace any major currency like dollars.

ashly

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Bitcoin because of highest income

BigBoy89

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Quote from: Decoded on December 20, 2015, 01:03:36 AM

Dollars are usually stored in large amounts in banks. Not many people keep their life savings in cash. Bitcoin on the other hand, is virtual and will be stored somewhere safer than a bank - wherever you want. Banks then can't take it from you (unless, of course, you put your bitcoin with the bank :3)

Also you don't need to pay tax to Bitcoin wallet like how you have to pay tax to bank when you save dollars and value of Bitcoin increases much more rapidly than the value of dollars so it's like when it comes to stability dollars might have slightly upper hand over BTC but again it depends because we never know how rapidly the value of BTC will increase take last two months as an example

Imoote

sr. member

Activity: 714

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Quote from: kaselit on October 28, 2015, 11:34:56 AM

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

I see from the title bitcoin vs dollar?
Are litecoin and the dollar are the same? I think they are different. Bitcoin is a crypto while the dollar is the currency. Bitcoin can not be equated with the currency, but could be considered a substitute bitcoin currency / exchange rate

Decoded

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give me your cryptos

Dollars are usually stored in large amounts in banks. Not many people keep their life savings in cash. Bitcoin on the other hand, is virtual and will be stored somewhere safer than a bank - wherever you want. Banks then can't take it from you (unless, of course, you put your bitcoin with the bank :3)

quentincole32

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Activity: 518

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Quote from: kaselit on October 28, 2015, 11:34:56 AM

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

the only CONCRETE advantages can bitcoin give for people is : low fee and easy to carry
i think just two the concrete advantages,low fee is really help us and make transaction keep clean from fee.
and also bitcoin easy to carry to go anywhere,just bring smartphone without bring your wallet,you can make transction.

chennan

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Quote from: kaselit on October 28, 2015, 11:34:56 AM

So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?

Particular, which CONCRETE advantages can the people get from BTC?

Thank you.

For the normal family, I feel that Bitcoin is a beneficial (and risky) way to maintain and potentially grow your storage of wealth. Personally I feel that Bitcoin will inevitably grow in price and user adoption in the long term future, 10-20 years from now, and this could be taken advantage by the normal family to invest buying some bitcoins when they can afford it and store it in a cold paper wallet for long term holding. For the average joe to benefit using Bitcoin, doesn't mean that he has to go looking for merchants to accept Bitcoin and spend it, it could just simply be an investment strategy like holding gold in their safe (which honestly is probably the safer method of doing this kind of thing).

It's going to be no shock to people on here and a lot of people in the real world when the US debt and inflation is going to reach a point where it collapses the economy again like in 2008... So holding your wealth by simply putting your dollars in a bank is not going to do the family any good if your essentially holding "shit"... rather than precious metals or, I guess, precious "digitalized metals".

Btcforall

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Quote from: caliboy37 on November 29, 2015, 12:47:39 PM

Dollar win! Dollar is accepted everywhere and can be exchange on any money.

Yes dollar is a universal currency at the moment and I dont see any challenge toits dominance by bitcoin for the next 3 decades

Razick

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Quote from: pereira4 on October 28, 2015, 11:39:04 AM

The total debt of the USA is about 20 trillion dollars. That's a ton of debt per citizen. With Bitcoin you know that you will never be under heavy debt for life, where your money isn't really yours because it's on a bank that may steal it from you. You know you aren't funding wars by supporting a goverment issued currency with secret agendas. You don't need to pay ridiculous fee for worldwide payments. More privacy..

Of course that everyday people don't have any problems paying a credit card or whatever, but think long term. Once goverment starts their total control of money plans, they will look for alternatives. Cash will be dead in the next decade.

See, here is what you are missing: The government has guns. They can and will garnish your wages, put you in prison, etc. in order to force you to pay taxes...

You might be able to hide some money, but it's very difficult to hide *income* outside of the black market.

EDIT: Bitcoin is not a "government toppling" technology. It might make some policies such as negative interest rates difficult to enforce, but it won't stop taxes any more than cash does.

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