Topic: Why Bitcoin is better than banknotes - page 3. (Read 1541 times)
And when using banknotes and using bitcoin as a means of payment, there are pros and cons. In some situations bitcoin is more successful, and in some situations, banknotes are appropriate. The world is not yet absolutely ready for bitcoin as a means of payment.
Banknote can be damage or rotten like rats can destroy it, water can melt it, people will easily steal it from your safety place but with Bitcoin you can keep them with private code and it will crack people head before they can crack you Bitcoin wallet password to take it.
because it's more convenient to use bitcoin with paper money. and money is easily damaged if exposed to water. and frequent robberies occur. if bitcoin is not likely to be robbed if you provide a personal code that is complicated and not easily hacked by hackers. 
why bitcoin is better than banknotes? i think bitcoin right now have the futuristic system named blockchain and we know that blockchain system is the secure platform and great platform than traditional platform that use the centralized database
obviously bitcoin is better than paper money. because in terms of transfer, bitcoin is faster. and bitcoin can't be fake right
Hello dudes, bitcoin is better than banknotes due to the fact that the speed of the transfer is many times faster than the banks and also it is the users who control the data.
Exactly! The fact that it's digital and it's not regulated by the banks,make it safer and free of all these bank frauds. Counterfeit production by the way is a fraudulent activity of course. That among other types of bank frauds are avoided by digital currencies.
bitcoin is better than bank notes because of two things i feel its my opinion only, first point there is no transparency in bank notes people can hold black money without any one knowing .second point avoid fake currency because in some countries people print fake currency and bring into the distribution to do illegal activities . with bitcoin we can bring transparency in money valuation , and second thing we can avoid fake currency notes to avoid illegal activities.
yes, of course bitcoin will be better than bank records because bitcoin has technology that can record all transactions using bitcoin and use blockhchain technology, people can see all transactions and it's all open so that it makes better and better than banknotes.
Bitcoin and banknotes have different benefits for everyone and almost everyone needs both, so for me they both have the same and best benefits for everyone.
not sure that its better because its not very safe but on the other hand u can make a good profit if u know how to run it in a good way
The infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security.
There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.
it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.
Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !
U
As for me if you dont have a bitcoin subject but most off all kt can teach learnibg to make it good ang better. There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.
it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.
Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !
U
Yes, I think that BTC is better that banknotes in some aspects. For example we can make some operations with BTC on the Net without going out to buy/send something
Because it can not be tampered,so bitcoin better than the banknotes. 
Bitcoin is vertual currency. Bitcoin is better than banknote. because you can using it all worldwide. the government are not control it. so you can esaily exchange it. banknote is good when, the internet are not working. banknote and Bitcoin both have it own uniqueness , advantages and disadvantage. it's use depending on your knowledge about it.
yes, of course bitcoin will be better than bank records because bitcoin has technology that can record all transactions using bitcoin and use blockhchain technology, people can see all transactions and it's all open so that it makes better and better than banknotes.
Well! Bitcoin is a cryptocurrency which is far advantageous over the banknotes. The very first benefit of its being a universal currency which is acceptable as it is whereas banknotes are not. Secondly, it can be transfered anywhere in just one click whereas banknotes need a system which is connected to government and individuals face so many hassals. Thirdly, bitcoin can be easily and effectively managed at one’s own terms and conditions coz its urs and u are the boss whereas with banknotes u never know when the currency will get change and that can even happen over a night and at last u end up with bank notes which are no more than a piece of paper. Recently the note bandi happened in India is a great example. So bank notes are like keeping stress and worries along nowadays. However, cryptocurrencies proved to be a peace of mind.
I already follow information about bitcoin from last year until now. And I think Bitcoin have good technology but using in actual is difficult. Why like that?
Because:
1) Price of Bitcoin is unstable and changing daily. So that if transfer as banking then at this time it has price 6500$ but only 1 hours or 1 day It can increase to 8000$ or decrease to 6000$.
2) Bitcoin still not accept by banking --> Only buy and sell buy trader or some one
I think when Bitcoin have management and price stable then we can using it
Because:
1) Price of Bitcoin is unstable and changing daily. So that if transfer as banking then at this time it has price 6500$ but only 1 hours or 1 day It can increase to 8000$ or decrease to 6000$.
2) Bitcoin still not accept by banking --> Only buy and sell buy trader or some one
I think when Bitcoin have management and price stable then we can using it
Banknote can be damage or rotten like rats can destroy it, water can melt it, people will easily steal it from your safety place but with Bitcoin you can keep them with private code and it will crack people head before they can crack you Bitcoin wallet password to take it.
Those listed are just up this because everybody know that digital money or even cryptocurrency is way more comfortable for people to use and exchange, it was predicted 100 years ago.
There are many possibilities that banknotes are just really the notes and had no value because you can wrote anything on bank notes but when you get to the bank for an exchange there is none especially those people that are doing transaction and are just only scamming other people using bank notes. Bitcoin is indeed really better than bank notes because bitcoin after trading you can see already the worth of it in equivalent to fiat money.
for me bitcoin is better than banknotes because it runs bitcoin even on the internet and the person is working to earn and find a company to work hard. Because of the money the bitcoin is better for me than the banknotes
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