personally it is very convenient for me to send money to my friends in other countries! they get them very quickly and the commission is cheap! That's all it says! Bitcoin is a new digital money. We all still live in the digital age ?!))) bitcoin is rapidly moving and developing the entire world economy! Paper money gradually goes to the background, after bitcoin.
Off course comparing the two, Bitcoin is better than banknotes, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees, while banknotes is a type of negotiable promissory note and considered legal tender along with coins. They make up the bearer forms of all modern money. 
Topic: Why Bitcoin is better than banknotes - page 6. (Read 1541 times)
it's perfect, one of the greatness of Bitcoin is this, nothing can be falsified ... even the records of Bitcoin transactions can't be changed. in contrast to bank records, they can delete or add to their currency transaction records. and others are bank records can't be accessed by the public, while bitcoin, just by giving an address, everyone in the world can see the transaction history.
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.
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 !
This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People will never understand the true purpose of bitcoin. 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 !
Invalid how? The forks don't aim to be the real Bitcoin (ok Bcash does) when you are showed a 1 Bitcoin Gold they don't tell you it's a Bitcoin, they say it's a Bitcoin gold. With counterfeit money, they will make you think it's a real banknote. Following your argument, a Canadian dollar banknote is a counterfeit banknote of the US dollar...
Bitcoin is better at being money, at being currency, than other currency because it is technically designed to be better at being currency. Bitcoin is also cheap to send transactions with no extra charges between countries, money can be sent with ease from one end of the world to another in seconds.
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
Bitcoin is better then paper money in many aspects. First of all bitcoin is a digital currency where as bank note are fiat in nature. So like bank note no one can make duplicate of bitcoin. And we can use bitcoin anywhere anytime with the help of Internet and we can also use an high amount of money at a time. Bitcoin provide better transaction facility then that of bank. It also charge low transaction cost with high privacy. Bitcoin provide easy exchange with other currency.
Bitcoin has no use value, only exchange value, and because it is has no worth in use other than what others are willing to pay for it, it is always in a bubble: these happen when prices of assets get dislodged from their fundamental value. So Bitcoin is the perfect bubble.
People don't trust cryptocurrency.A lot of people don't trust credit cards.People should feel the money, touch it with their hands.
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 !
This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People will never understand the true purpose of bitcoin. 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 !
1. Decentralized, Bitcoin is the currency in which the distribution is not regulated by any central bank. Thus, no one can cross the price. Although not officially reagulated.
2. No Transfer and Storage Fees, Bitcoin is not a corporation or business entity. Bitcoin users are not charged any fees, including when making transfers or just saving money. That's because, Bitcoin is an open source technology that can be enjoyed by everyone, no matter who and where they are. In contrast, conventional currencies are tightly regulated by financial institutions that often charge transfer fees to their clients.
3. Unlimited Transactions, Because Bitcoin does not have an intermediary, transactions can be done without any limit. Compare it with financial transactions that are usually facilitated by the Bank, credit card company, or e-payment system. There is always a minimum and maximum transaction limit applied by intermediary bodies like that. In addition to the amount, the transaction limit is also set for a certain period.
2. No Transfer and Storage Fees, Bitcoin is not a corporation or business entity. Bitcoin users are not charged any fees, including when making transfers or just saving money. That's because, Bitcoin is an open source technology that can be enjoyed by everyone, no matter who and where they are. In contrast, conventional currencies are tightly regulated by financial institutions that often charge transfer fees to their clients.
3. Unlimited Transactions, Because Bitcoin does not have an intermediary, transactions can be done without any limit. Compare it with financial transactions that are usually facilitated by the Bank, credit card company, or e-payment system. There is always a minimum and maximum transaction limit applied by intermediary bodies like that. In addition to the amount, the transaction limit is also set for a certain period.
You can't falsify Bitcoin, you can't rip it in half, you can't print it endlessly. These are the best arguments I can find that are pro Bitcoin.
I think Bitcoin is better than paper prices because it can be used in all countries where Bitcoin is not connected to the currency system in each country, it helps everyone to transact using Bitcoin
the world is changing rapidly and there is a very fast exchange of information! now between people, companies and countries has grown very much tougrow! you need to quickly exchange between each other! on this bitcoin and crypto coins are very interesting - with their fast and cheap transactions.
In the past week three major banks and the tax authority in the Netherlands were victims of DDos attacks, resulting in loss of service for quite some time. Do decentralized networks such as Bitcoin's blockchain provide better DDos protection.
personally it is very convenient for me to send money to my friends in other countries! they get them very quickly and the commission is cheap! That's all it says! Bitcoin is a new digital money. We all still live in the digital age ?!))) bitcoin is rapidly moving and developing the entire world economy! Paper money gradually goes to the background, after bitcoin.
Because it is safer and more reliable than banknotes
Safer? no! in part, it is a means of money-laundering and a product of corruption for many. In order for bitcoin to become an official banknote, you need to work hard. But nobody in the government wants that.I think bitcoin is safer. Bitcoin can be used for illegal purposes. You are right. But the transparency of bitcoin transactions can remove many corruptions.
There are some problems with bitcoin, But I think they are less compared to Fiat.
Yes, probably absolutely everything. You can start with the fact that paper money is much less convenient to use. Well, there is such a wonderful lucky as decentralization ... such paper money and never dreamed of the sweetest dream. So the question should be put than paper money better than bitcoin ... and it's hard for me to say what.
the excess of bitcoin that is not owned by paper money is bitcoin can not be falsified, from the emergence of bitcoin until now there is no news about bitcoin counterfeiting, while there are many money in various countries that have been falsified so much to many people, and bitcoin is better than the national currency how until now
Yet, governments, businesses, and institutions ate dillying and dallying over their adoption of the Bitcoin. From your post, the Bitcoin can surely put an end to the issue of counterfeiting which has and continues to plague our world. If I owned a business or were the head of some government, I wouldn't hesitate in adopting the Bitcoin as a payment means. If you ask me what my efforts have been within my sphere, I make payments in Bitcoin where it is accepted and wouldn't hesitate to make all my transactions in Bitcoin if allowed. The world will surely come to terms with the fact that cryptocurrencies are here to stay and will make our lives better. It is only a matter of time.
Your opinion is correct but We can not compare bitcoin with banknotes as this is a digital currency and not possible to use it every ware like a banknote this can in future if all contrary approved it and easy expandable but this is taking a huge time.
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