in current modern way of life, bitcoin may defeat most features that banknotes have
considerably fast and cheap worldwide transaction, counterfeit resistance, trustless payments and etc
but in a secluded area with no internet and tech, banknotes would certainly more acceptable than bitcoin
bitcoin transaction requires some tech awareness while banknote requires none
bitcoin relies on internet connected device for tx confirmation while banknote doesn't
so I would say both have their own advantages, disadvantages, and best usage
Topic: Why Bitcoin is better than banknotes - page 11. (Read 1543 times)
because of its high and expensive exchange rate bitcoin. bitcoin can also be used to buy something we want overseas without having to exchange currency in their country. By storing bitcoin we will get a big advantage .
I think both bitcoin and paper money have their advantages. It depends on how we look at it. Bitcoin itself is easier to use for large-scale or sending between countries. In contrast to paper money that sometimes need something to be perceived mamfaatnya. But back again to everyone. I think paper money is also very good because we use everyday for all needs. So of course everyone has their own thoughts and judgments.
The reasons are endless. and are actually all the best characteristics of money e.g it cannot be counterfeited, it is portable, divisible etc.
because the growth of bitcoin prices is faster than the banknotes and the profit earned from investing in bitcoin is bigger and faster than investing in banknotes.
That's right! One of the reason why bitcoin is better than banknotes or bank is being growth faster ot the bitcoin price. Bitcoin is profitable than the banknotes, with no hassle, without getting your private information.
because the growth of bitcoin prices is faster than the banknotes and the profit earned from investing in bitcoin is bigger and faster than investing in banknotes.
Bitcoin is secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone.Bitcoin has lots of transparency when you come to that.
Because it is more trustable and more immune then banknotes.you can transfer money in fastest and bitcoin price is always deflation.i thought many people like bitcoins.
Bitcoin is said to be better than banknotes because there are many rules and regulations in banknotes that we have to follow strictly . Bitcoin is a decentralized mode so there is no need to follow any rules you are free to use with your own concern only. Bitcoin is an universal way of payment we should know the real fact of cryptocurrency because day by day the unemployment rate increases and we can understand that there is no use of education to get a better job.
Bitcoin has a secure Bitcoin privacy protection and bitcoin can not be controlled by anyone even by the government. so it is the one extra reason to make bitcoin a worldwide currency.
Because it is safer and more reliable than banknotes
Bitcoin is much safer cz its the way money could be gather at one place rather than diffrent place
It is way more secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone. If you ever try to counterfiet bitcoin you have to blind all the bitcoin users, investors and users of bitcoin are their own security keeper of the ledger. You have all eyes on you if you try to counterfiet bitcoin itself.
I think bitcoin is better than paper money because it can not be tampered with. if it is widely used in the daily human payment operations. It can help prevent counterfeit money. Reduce the situation of counterfeit money in the market today
Yes, bitcoin cannot be tampered. There are lots of fake money made. Aside from this, the transaction of bitcoin is fast and transparent. And investments in bitcoin gains more profit than paper money.
Because all actions are transparent and fast. And that with the usual currency, there were always different manipulations, stealing, etc.
Banknotes can earn up to 30% for 1 year. But, you can gain 20 times more with cryptocurrency. By the other side, the risk in cryptocurrency is 20 times higher.
Banknotes can forbid my money when they wants. But, i found my freedom in cryptocurrency.
Banknotes can forbid my money when they wants. But, i found my freedom in cryptocurrency.
I think banknotes today is not fair, government print the banknotes regardless the amount of gold so the inflation will make the price fall but bitcoin also not perfect because it has no intrinsic value although it's easy to use but it has no physical form which mean it's has 0 intrinsic value. But in my opinion, bitcoin is still better than banknotes because bitcoin price will rise because of deflation.
just for example. if we go out of the country especially visiting countries that have joined bitcoin. we do not need to exchange our banknotes with the country's currency. enough with bitcoin we can directly transact easily
I think bitcoin is better than paper money because it can not be tampered with. if it is widely used in the daily human payment operations. It can help prevent counterfeit money. Reduce the situation of counterfeit money in the market today
true, I also think bitcoin better than banknotes because it should not be tampered with, and can help prevent fake money. This may help in preventing crime in everyday life
I know that bitcoin can't be faked, but what can I buy now with bitcoin in my country? The answer is very simple-nothing! And this drawback outweighs all the advantages of bitcoin.
Because bitcoin is completely safe. Therefore, it 's always the best choice for people
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