Pages:
Author

Topic: Why Bitcoin is better than Cash. - page 32. (Read 13801 times)

newbie
Activity: 126
Merit: 0
December 23, 2017, 02:11:36 PM
To purchase big amount cash is risk. In the other hand, purchasing with bitcoin is safe.
1. Your deal is secret.
2. Govt. do not disturb.
3. Purchasing with in second.
4. No risk for stolen or hijacking.
member
Activity: 308
Merit: 10
December 23, 2017, 02:08:55 PM
Cash exists as a fiat currency, under full governmental control. So if the government wanted, they could simply print another $10000000 whenever they wanted. With Bitcoin, you don't have this problem, as the algorithm is incredibly secure and currency can only be earned by mining (ignoring the possibility of a highly unlikely 51% attack). Also, unlike physical cash bitcoins are non-refundable, eliminating the possibility of a fraudulent refund.

OF course, with cash you have zero transaction fees and the exchange is instant. With bitcoins, transactions take quite a while if waiting for multiple confirmations and with smaller transfers the transaction fee can be bigger than the amount paid. So bitcoins are more appropriate for bigger amount of money.

That 51% attack is not that possible really, especially while the price is around $15-20k and above. I believe bitcoin is not better than cash money, but it will gain importance against cash money in the future.
Bitcoin is better than cash for those who know about online work because bitcoin is safe than cash and its transaction is more easy than cash specially those people who have online business and they can online shopping.
full member
Activity: 215
Merit: 100
December 23, 2017, 01:41:35 PM
Cash exists as a fiat currency, under full governmental control. So if the government wanted, they could simply print another $10000000 whenever they wanted. With Bitcoin, you don't have this problem, as the algorithm is incredibly secure and currency can only be earned by mining (ignoring the possibility of a highly unlikely 51% attack). Also, unlike physical cash bitcoins are non-refundable, eliminating the possibility of a fraudulent refund.

OF course, with cash you have zero transaction fees and the exchange is instant. With bitcoins, transactions take quite a while if waiting for multiple confirmations and with smaller transfers the transaction fee can be bigger than the amount paid. So bitcoins are more appropriate for bigger amount of money.

That 51% attack is not that possible really, especially while the price is around $15-20k and above. I believe bitcoin is not better than cash money, but it will gain importance against cash money in the future.
full member
Activity: 130
Merit: 100
Hoqu.io – Decentralized Affiliate platform
December 23, 2017, 01:39:42 PM
Cash exists as a fiat currency, under full governmental control. So if the government wanted, they could simply print another $10000000 whenever they wanted. With Bitcoin, you don't have this problem, as the algorithm is incredibly secure and currency can only be earned by mining (ignoring the possibility of a highly unlikely 51% attack). Also, unlike physical cash bitcoins are non-refundable, eliminating the possibility of a fraudulent refund.

OF course, with cash you have zero transaction fees and the exchange is instant. With bitcoins, transactions take quite a while if waiting for multiple confirmations and with smaller transfers the transaction fee can be bigger than the amount paid. So bitcoins are more appropriate for bigger amount of money.
full member
Activity: 168
Merit: 102
December 23, 2017, 01:22:56 PM
You'll gain big at bitcoin while cash is still the same as amount that you are holding. Bitcoin has a high value.
While fiat money or cash are just a pieace of paper that you can purchase products.
full member
Activity: 238
Merit: 100
December 23, 2017, 01:22:18 PM
Bitcoin is better because it is decentralized and it provides anonymity. Whatever cash we mention, it is based on bias and corruption of that country.
jr. member
Activity: 112
Merit: 1
December 23, 2017, 11:13:19 AM
Bitcoin is like cash - you don't need to go through a bank or credit card network in order to transfer it to another person.
It's better than cash because you can do this over the internet.
It's way better than all other monetary instruments because it is programmable money: you can basically treat bitcoins as symbols to represent anything (like titles to property, for example), and have the distributed peer-to-peer blockchain mechanism enforce title transfers in a provable, reliable way without any notaries.
Some people are working on setting up fully autonomous corporations using Bitcoin infrastructure. These will be essentially computer programs that own and spend bitcoins, and sign and enforce contracts, without any human employees.
full member
Activity: 840
Merit: 117
December 23, 2017, 11:03:07 AM
Bitcoin Going back to his normal Position.
BTC Will be achieve $20k very soon. It will take some time.
By the way Bitcoin Is better than Cash Because day by day BTC rising.
full member
Activity: 192
Merit: 100
December 22, 2017, 07:05:50 AM
We know that bitcoin is more useful and one of the best currency in the world. I agree with you bitcoin is better than cash. It is more secure ans safest currency. If we hold bitcoin in future we must get enough money. Because the price of bitcoin is increasing day by day.
Actually in modern time the number of bitcoin users are increasing and specially the young generation are now giving more prerference to bitcoin which is the reason that we can consider bitcoin as best than cash. In modern time the concept of cash is now decreasing.
member
Activity: 154
Merit: 10
December 22, 2017, 06:31:34 AM
Bitcoin is better than real money, but in my country bitcoi can only be used as an investment, real money is still better than bitcoins if they are used as a means of payment.
member
Activity: 195
Merit: 10
December 21, 2017, 11:47:19 PM
cryptocurrency is better than cash.there are some reasons..

 It is faster, cheaper, more secure. cash is controlled by banks while bitcoin has owners.

it becomes easier to conduct transactions across boundaries and online.

there is no way of duplicating a bitcoin, unlike cash.
sr. member
Activity: 419
Merit: 250
December 21, 2017, 03:58:44 PM
Bitcoin is better since it gives convenience on transactions on both parties. You can pay and receive btc whenever and wherever you want. It embrances innovation and our fast-paced environment nowadays. This is one of the many reasons why people love btc compared to other currencies.
Honestly, I think the price of Bitcoin and the profit can earning from Bitcoin investment are the reason make many people like to buying it. My family were also didn't trust Bitcoin, but just after the price of Bitcoin reached $10,000 they changed their idea and ask me how to buy Bitcoin, lol.
sr. member
Activity: 518
Merit: 250
December 21, 2017, 09:33:43 AM
Because Bitcoin has no middleman who controls it, there is more freedom to transact. With traditional currency, funds can be frozen or seized by intermediaries (such as PayPal, bank, or credit card company) or by the government. Intermediaries can also prohibit transactions for goods or services they want
newbie
Activity: 13
Merit: 0
December 21, 2017, 07:30:46 AM
Nick Szabo know why and will share his ideas at The World Crypto Economic Forum
January 15-16, 2018 — San Francisco Bay Area, CA, US


Blockchain, cryptocurrency, and smart contracts pioneer will be the keynote speaker on #WCEF2018 stage!The first edition of #WCEF in San Francisco Bay Area will welcome over 1,000 attendees and more than 60 speakers across the spectrum of the most exciting of technology today.

— Blockchain Founders, Developers, Investors
— Lightning Talks
— Get Funded - ICO Pitch Competition
— Get Hired - Hiring Mixer / Hackathon
— Find Partners - Power Networking

Find out more and book your ticket for #WCEF2018 >>>https://www.eventbrite.com/e/world-crypto-economic-forum-tickets-40798780250?aff=BitcoinTalk
member
Activity: 168
Merit: 10
December 21, 2017, 07:19:22 AM
Bitcoin is better since it gives convenience on transactions on both parties. You can pay and receive btc whenever and wherever you want. It embrances innovation and our fast-paced environment nowadays. This is one of the many reasons why people love btc compared to other currencies.
sr. member
Activity: 507
Merit: 250
Adoption Blockchain e-Commerce to World
December 21, 2017, 07:05:57 AM
Currently more transactions are done with digital money, this makes the future cash look dark, let alone the presence of bitcoin will make things faster, bitcoin better than cash because the value of bitcoin continues to rise while the value of cash is always down.
full member
Activity: 350
Merit: 100
December 21, 2017, 04:11:00 AM
Bitcoin is a cyrptocurrency. In the future the bitcoin has our own ATM...and Bitcoin is very popular in very country of the whole world for daily shopping etc...Bitcoin is digital and decentralized – With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.
Bitcoin is better than cash and the reason behind it is varying rate of bitcoin like if you have bitcoin and the rate of bitcoin is increased then your bitcoin will also be increased but if you have a cash in your wallet then it will be fix and also risky because anyone can stolen it from you.
sr. member
Activity: 250
Merit: 250
December 21, 2017, 01:41:14 AM
We know that bitcoin is more useful and one of the best currency in the world. I agree with you bitcoin is better than cash. It is more secure ans safest currency. If we hold bitcoin in future we must get enough money. Because the price of bitcoin is increasing day by day.
member
Activity: 102
Merit: 10
December 20, 2017, 02:00:33 AM
If we have cash in hand no profit will come on the other hand Bitcoin is very profitable coin for investors.
member
Activity: 406
Merit: 13
December 20, 2017, 12:30:34 AM
Because it has easy and smooth transactions and there is no tax to be collected. Since it is a virtual money you can use that everywhere and besides no need for third party transactors.
Pages:
Jump to: