Topic: Why Bitcoin is better than banknotes - page 5. (Read 1543 times)
Bitcoin really turn everything we know about obsolete paper money. It's unique, it's safe, and that's why I'm so attracted to this technology.
I think that bitcoin is better than banknotes because bitcoin is more convenient to pay and it is not possible to lose, plus you can carry enough quantities with you without fear of losing them!
Bitcoin is better than paper money because Bitcoin has the advantages that paper money can not get. First, Bitcoin always makes users feel comfortable with its convenience and privacy. Second, keeping Bitcoin safe is better than storing money in a purse, a safe, or a bank. Third, with Bitcoin, you can travel, work all over the world without having to prepare cash for your work. Bitcoin is really convenient.
maybe because the physical form and form of bitcoin is a file that is very simple and easy to carry. also very fast and makes it easy to do all online transactions. another case with paper currency that has many terms and regulations in making online transactions so that it can take a lot of time and cost when making transactions
Wonderful post , it is interesting to know that they are no issue of counterfeits with bitcoin and its associated cryptocurrencies. This is a proof of how authentic cryptos have proven. who said bitcoin is the altimate?
For me, bitcoin and the rest of the crypto currency is better than banknotes because it can not be stolen from your home or pulled from your pocket.
For banknote, we have to carry moneybag note coin and lots of this but on bitcoin, you can carry it on your phone wallet it is a hassle-free system.
this is very good for bitcoin itself. I believe that if we increase still soon the transactions, bitcoin will completely supplant Fiat from our world
For me I can't say for now that Bitcoin is better than Banknotes. Banknotes can have much value when it got old or replace by new sets of Banknotes depends on the appearance and longetivity used (as Artifacts). Print value of Banknotes will remain its value for years or decades but Bitcoin value will depends on markets and demand.
Bitcoin is bettet than bank notes because bank note has a fixed value but bitcoins value changes and bank notes need to carry but bitcoin doesn't.
Bitcoin is better than bank notes because it is decentralized, which means that anybody can own it without the hassles of banks.
Because it is safer and more reliable than banknotes
Bitcoin is better than banknotes because bitcoin that has blockchain technology can record all transactions and still intact will not be lost or deleted. And bitcoin is more popular these days and bitcoin has easy ways to access and to transact, and since bitcoin itself are havingva faster transactions in terms of money exchange with a very low fees. And also, if we are just looking at this angle then we can tell that bitcoin is really better than banknotes but, if we look at accessibility such as the remote areas without electricity and internet access. On remote areas that had an shortage of sources in the third world countries then we can say that banknotes is better than bitcoin.
In many ways, yes, it is a lot better: reliability, cost of transaction, etc., etc., but it becomes totally useless when you have to make an off-line payment in a country or a place with no or limited internet access. You can't even buy a bottle of water or a hamburger. Think about it. You can have a lot of BTC in your digital and hard wallets striding along the street in a foreign town and if they don't have internet, you're broke for them! 
There must be some way out of it...
There must be some way out of it...
Yes, lack of offline payments is a drawback, of course, but the number of advantages is more impressive than that. I believe people will most certainly come up with something. Sooner or later
In many ways, yes, it is a lot better: reliability, cost of transaction, etc., etc., but it becomes totally useless when you have to make an off-line payment in a country or a place with no or limited internet access. You can't even buy a bottle of water or a hamburger. Think about it. You can have a lot of BTC in your digital and hard wallets striding along the street in a foreign town and if they don't have internet, you're broke for them!
There must be some way out of it...
There must be some way out of it...
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 !
Regardless of what country you go to it is difficult to identify if you are holding a fake money or not. Thus makes Bitcoin a lot more user-friendly at this instance. To think that you still need internet to get it? makes it more tougher and difficult for other 3 world country like us. 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 !
Bitcoin is a crypto currency that is acceptable to any other countries direct price, with out convert to equivalent price in USD, and secondly is faster than banknotes transaction, and secondly bitcoin transaction can be done at any given point in time, while Banknotes work with time duration.
I have a friend back in 2015 that was given a payment of 3.5 BTC. at that time it was $200 each and when the price went down to about $170 to $180 he sold it. What assurance can my friend get from there that he is not underpaid for his work?
I think why bitcoin is better than banknotes, because bitcoin is most popular and most effective money and bitcoin is easy way to access and easy way to transaction, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees.
in my opinion, of course bitcoin is better than bank records because with bitcoin that has blockchain technology can record all transactions and still intact will not be lost or deleted.
Some very simple reasons are bank notes can be fake but bitcoin cannot, bank notes can be destroyed easily but it is hard to destroy bitcoin.
we see from two different points of view. If access is good, like electricity and internet, I think bitcoin is better. But on the contrary, if access is difficult or far away, I think it's better for paper money.
Bitcoin is easy to access, we don't need a money changer. Bitcoin make transaction faster and easier, bitcoin is better than bank or banknotes. There is no tax on bitcoin, no hassle and have more privacy than banknotes.
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