Why Bitcoin is better than Cash. - page 23.

Allura74

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Quote from: Kakawate on February 14, 2018, 09:29:20 AM

Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

Most of what you said is true and I really like what bitcoin is giving its users, but the one that you said (no fees), trading sites are just overflowing with fees, and last december is the highest transfer fee that I have ever seen, traders are actually shoked by the fast increasing rates of fees, because along with the increase of butcoins value, is the increase in rate of transfer fees.

Well, bitcoin is better than cash in terms of profit that we get in a short period of time but still i cannot used it out without the real money because the fact is that there are still few establishment that accepts bitcoin directly as payment for goods and services for every purchase. Real money is the outside world for the crypto currency as we all convert it into our real local money in order to use it in our daily expenses. But still time awaits for the full execution of digital currency maybe not now but in the next generations.

Kakawate

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Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

Most of what you said is true and I really like what bitcoin is giving its users, but the one that you said (no fees), trading sites are just overflowing with fees, and last december is the highest transfer fee that I have ever seen, traders are actually shoked by the fast increasing rates of fees, because along with the increase of butcoins value, is the increase in rate of transfer fees.

crypto-shex UAE

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Quote from: natalagerman95 on February 14, 2018, 09:17:07 AM

Firstly, bitcoin is better than ordinary bills-it's safety from rubbing / stealing, as they were stored in an online wallet and will remain there. It is also convenient to buy something in European and Asian countries.

"Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient."

natalagerman95

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Firstly, bitcoin is better than ordinary bills-it's safety from rubbing / stealing, as they were stored in an online wallet and will remain there. It is also convenient to buy something in European and Asian countries.

Firefox07

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I don't believe bitcoin is better than cash. Because bitcoin is not really safe and its price is not stable. And bitcoin can't be use offline. Cash is more convinient to use. And not everybody. Can access bitcoin.

sashulya7979

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many probably have already been said and printed, I join a good topic, since cash is an instrument of power over the people, and bitcoin is a people's digital currency that is not controlled by a single currency, which makes me very happy! We are waiting for the release of a decentralized fully legal crypt, because Bitcoin has already become an investment!

santieevanz

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Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

My perceptions about bitcoin when it reached $20,000 is that it is better than cash because of its potential of increasing its value all of a sudden. However, when a sudden dropped of bitcoin happened, it made me shocked and realized that cash is still better than bitcoin. Yes, it is true that there are many reasons why bitcoin is better than cash, but at the end of the day, I already saw the value of cash that it will never fall. I'm here to tell you all my perceptions, not because I'm against but because it was based on my observation and experience after losing some money from a sudden fall.

joanshu

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There are several reason to say that bitcoins are better than cash as money is something which is backed by stock or gold reserve where as bitcoins does not any kind of support in fact its price is based on the trust it is being build by its users within them.We can send btc without the support of third party to any part of the globe the only thing is that we should our own wallet to store btc and to make transfer we just need to have wallet id of the receiver .Where as in reach cash we need need support of third party like banks or money transfer exchange to make fund transfer more over we should enroll in the complete details of the receiver and the sender

akmittal

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Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

One thing, transaction fee is stopping Bitcoin to be the real currency. As i have to pay 500satoshi to Bitcointalk but i can make minimum transaction of 1000000 satoshi. This is the main reason Bitcoin is very different from cash.

Yoshinoya

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Of course bitcoin is better than cash, because bitcoin is more useful than cash and very easy for transaction and payment.
and we can be rich or we can have the saving if we were about to earn and work hard to have it.

tachi641

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My answer on why bitcoin is better than cash is , the value or the price of bitcoin is has a big chance to increase or to rise it's value very well, and i believe that the bitcoin has a bright future and i think bitcoin is the future of this world, and bitcoin is better because it can be the best currencies among the rest.

Beduya

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Bitcoin is better than cash because bitcoin is useful in many ways specially in electronics and in some online shopping sites.

zafirawijaya03

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I think that bitcoin is better than cash, even though bitcoin prices are still unstable, and Bitcoin can be converted into cash, only bitcoin has not been accepted nationwide

ridgeview123

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I'd say Bitcoin is a supplements to the current fiat system. It has advantage over cash but it won't replace cash.

Tenderino

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Because the system tells them that they should use their fiat money system! It is basically a question of marketing and the banks and participants of the fiat system can create as much money as they like to pay the advertisement for their product fiat money. If bitcoin or other crypto currencies would have billions available for advertisement, a lot more people would already use it.

Pancheng

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I can say not all aspect but bitcoin is just amazing in many ways, like the value is much more bigger value compared to any currency. Second is when you pay using bitcoin online its tax free for now!!!! And burglar won't know if you have that big amount money....

Akafandi

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In my area bitcoin may be meaningless, because there is not any facility to spend bitcoin, before we make it bitcoin cas cash we can not use. so for me the cash is more important to use.

demoltion

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The advantage of bitcoin is safer than cash because we will be easier to carry it and people will not know how much money we carry when we travel without the hassle of carrying large amounts of money but with bitcoin one hand in our hands

MASDAS87

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Bitcoin is a decentralised and digital currency . but Bitcoin and cash has its advantages and disadvantages i think bitcoin is better than cash we can easily transfer bitcoin all over the world and we can earn bitcoin .

fireblond

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Thrive

Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

I agree bitcoin is better than cash, and can't argue with most of the points you've mentioned, however there are a few things worth pointing out. Bitcoins price rather volatile, you can use cash to buy pretty much anything. Unlike bitcoin. Also bitcoin has pretty heavy fees atm. Now does this mean Cash>Bitcoin? Not necessarily as I'm certain that once bitcoin gets more adoption and recognition and the fee problem is fixed via segwit and lightning network then Btc>>>Cash

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