Author

Topic: Why Cash is better than Bitcoin. - page 103. (Read 99328 times)

full member
Activity: 166
Merit: 100
July 14, 2017, 07:33:12 PM
if only more people and stores open to bitcoin in the US not just Europe and Asia.   Here in the US.  It looked up as scam or money laundering.  It has a long way to be accepted.  Even with the alt mining hype I ask my friends few days ago.  They havent heard much about other than gpu being oos.  This is quite scary.  Basically the alt coin mining is going to die quickly.
sr. member
Activity: 371
Merit: 250
July 14, 2017, 07:22:44 PM
Guys, don't be fool please, cash is cash everywhere. You can't liquidify your bitcoin everywhere but cash? It's valid everywhere and spendable without any worries.
sr. member
Activity: 406
Merit: 250
July 14, 2017, 07:16:19 PM
Cash or Fiat is better than Bitcoin, Cash are used for our daily life so it's not hard to adjust. Bitcoin being too much expensive that's why it is so hard to compute by an ordinary person. Some person didn't know about bitcoin.
hero member
Activity: 1022
Merit: 521
July 14, 2017, 05:54:34 PM
For example you used your credit card to buy something online but you are not that very aware, then you've been scammed.

CC payment is reversible.
Even if the credit card payment is reversible, they are not better than bitcoins. Bitcoins have their own worth and can’t be compared with paper money. In fact, so far they have been proved than cash. Cash is easier to rob than to scam bitcoins. Too much cash poses threat to the owner as well.
newbie
Activity: 43
Merit: 0
July 14, 2017, 03:42:25 PM
Cash is simplier. It is known from oldest times, so it will be a shock to switch to Bitcoin. But it will happen, i believe.
sr. member
Activity: 532
Merit: 284
July 14, 2017, 02:47:14 PM
Cash is better than bitcoin because you do not get changing values of the currency,what you see is what you get if you get 100 dollars today it will remain the same even after a year unlike bitcoin which could be worth more or less after some time. Cash makes transactions super easy as everybody is familiar with it unlike bitcoins which others have not even heard about.
How can you be sure that Fiat's exchange values will never change? Do you even actually watch News?

Everyday Fiat also changes values at some percentage, and self proclaiming that a $100 will not change its value even after a year is absurd, many kinds of events might happen you know, like economic failure or even war. That tends to more importance to balance the economic state and the military state of a country.

Yes that is true, since Fiat has been a tool for a very long time now. And Bitcoin is still in its young age, it will grow someday, but for now cash is definitely better than Bitcoin.
newbie
Activity: 43
Merit: 0
July 14, 2017, 08:46:22 AM
Cash is better today, because bitcoin is not accepted everywhere, but it definitely will be changed.
hero member
Activity: 3038
Merit: 634
July 14, 2017, 07:01:26 AM
Cash is better than bitcoin because cash can be spend everywhere.

Unlike bitcoin it is still in the process of being adopted though there will be the time that bitcoin can be accepted everywhere.

Only today, cash is better but for the upcoming years, I don't know.
sr. member
Activity: 532
Merit: 284
July 14, 2017, 06:33:48 AM
Why cash is better than bitcoin because when it comes in bitcoin, you cannot use bitcoins when it comes in purchasing from the market unless you exchange your bitcoin into cash. While in cash you can purchase anything you want to buy. But some store are accepting bitcoins but they are few.
Yes you are right. As of now, Fiat is somehow better than Bitcoin, because we are already using Fiat (tangible money, paper and coins) since then through payments and transactions and whatnot.

When it comes to complexity utilization, Fiat really stands out, whilst Bitcoin is still young and has lots of potentials and possibilities.
sr. member
Activity: 672
Merit: 251
Content| Press Releases | Articles | Strategy
July 13, 2017, 09:44:29 PM
like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.


People in Venezuela are oppressed majorly and it's difficult to earn a living with traditional money but Bitcoin allows them to more freely access money, at least for the perspectives of my 2 friends who live in Venezuela.
hero member
Activity: 1190
Merit: 500
July 13, 2017, 07:07:40 PM
Well it is simply that cash really works offline and it is the traditional way. This is the way of trading where we became dependent to it. Having a cash in real life is the traditional way of living, means that every people used that especially our elders. But bitcoin is the new money or new currency. But I think we need to cope in the future. And this is the future, this is bitcoin. The next generation of currency.
Yeah digital currencies such as bitcoin suitable for next generation where the world today is still not too sophisticated. Many people prefer cash because they have not understood how easy it is, and more simple to use digital currency. So for now cash is more often used
full member
Activity: 140
Merit: 100
July 13, 2017, 06:42:51 PM
Cash is better than bitcoin simply because it is recognized by all people, bitcoin are not yet popular in all country so what do we expect. Well bitcoin is still good in making more money, and i believe in the future bitcoin will become the other option for cash.
hero member
Activity: 994
Merit: 515
Get'em boys
July 13, 2017, 03:53:59 PM
Cash is better than bitcoin because you do not get changing values of the currency,what you see is what you get if you get 100 dollars today it will remain the same even after a year unlike bitcoin which could be worth more or less after some time. Cash makes transactions super easy as everybody is familiar with it unlike bitcoins which others have not even heard about.
full member
Activity: 224
Merit: 100
July 13, 2017, 03:45:18 PM
Why cash is better than bitcoin because when it comes in bitcoin, you cannot use bitcoins when it comes in purchasing from the market unless you exchange your bitcoin into cash. While in cash you can purchase anything you want to buy. But some store are accepting bitcoins but they are few.
I depends upon how you see bitcoin, if you are looking it as a medium of investment then it is a good thing,but if everyone is able to use bitcoin on a daily basis to purchase things then it would have been awesome,i expect these things changes with time and we could see new developments so that these issues will be sorted out in the future.
hero member
Activity: 574
Merit: 500
July 13, 2017, 02:35:55 PM
Well it is simply that cash really works offline

There are no serious boundaries to have a transaction between two bitcoin applications offline. By a bluetooth or such. Those applications would have to have some kind of a lockdown on those "transacted" bitcoins. Once the internet connection would be established the transaction should automaticly reach the blockchain to proceed further. Ofcourse there could be some exploits to this. But cash can be falsified as well.

Quote
and it is the traditional way. This is the way of trading where we became dependent to it. Having a cash in real life is the traditional way of living, means that every people used that especially our elders. But bitcoin is the new money or new currency. But I think we need to cope in the future. And this is the future, this is bitcoin. The next generation of currency

Prior to that, there were traditions to pay in a gold backed currency and prior to that, with actual gold coins. Traditions change, faster than you think. It isn't any boundary. What is a boundary is a force. This force is the force of the guns of the government, that enforce the laws and regulations.
sr. member
Activity: 556
Merit: 250
July 13, 2017, 02:30:12 PM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Its easy to used and instant you are right no need anything to wait a confirmation before you cash. Bitcoin some are hassle because some are delaying confirmation before go to your wallet and you need to cash out before you can buy.
Cash are very useful to us and we can use it where ever we are and also a credit card.
sr. member
Activity: 546
Merit: 255
July 13, 2017, 02:15:45 PM
Well it is simply that cash really works offline and it is the traditional way. This is the way of trading where we became dependent to it. Having a cash in real life is the traditional way of living, means that every people used that especially our elders. But bitcoin is the new money or new currency. But I think we need to cope in the future. And this is the future, this is bitcoin. The next generation of currency.
As for now cash is better than bitcoin because you can use cash anytime you want and it's so easy to bring with just your wallet.
If people are really want to use bitcoin in the future as for their daily needs such as riding: bus, train, plane, ship etc., then i think we need some kind of a bank for our bitcoin that can easily be used for our everyday needs.
Each has its own advantages over the other in some ways. There will always be a place for cash/paper money in our society because it's been there for decades it is traditionally used all over the world. We just can't suddenly use cash and use cryptocurrency, going cashless will only empower banks and will give us a hard time adjusting. On the other hand, bitcoin can be considered a digital asset where we can also treat it as money to use online.
sr. member
Activity: 756
Merit: 268
July 13, 2017, 10:13:40 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
The reasons why cash is still better than bitcoin is because cash are the things we used to buy things that we wanted or needed unlike bitcoin we can only used it to buy if we convert it into a real cash. But if bitcoin is been approved by the government i am very sure that it will be more good than cash.
sr. member
Activity: 602
Merit: 252
July 13, 2017, 09:36:24 AM
Why cash is better than bitcoin because when it comes in bitcoin, you cannot use bitcoins when it comes in purchasing from the market unless you exchange your bitcoin into cash. While in cash you can purchase anything you want to buy. But some store are accepting bitcoins but they are few.
Right now cash has got much increased acceptance compared to bitcoin growing acceptance. This makes cash to be the one that is used in a larger scale than the bitcoin. Hope by the years to come people feel better with bitcoin too, but the usage of cash will be in the lead.
full member
Activity: 350
Merit: 100
July 13, 2017, 09:31:40 AM
ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't. I see no reason on why fiat is better than bitcoin.
It is true what he had said, they had fees and in fact the bank are gaining commission to your money rather than bitcoins who are decentralized. But as we all know, the major advantage of the real money was it can buy all things eith no limitations. Bitcoins are need to be exchanged into a paper money in order to buy things but some stores are accepting it. For now real money are more useable than bitcoins.
Jump to: