Why Cash is better than Bitcoin. - page 107.

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Quote from: rizkyhiw on June 25, 2017, 02:21:39 PM

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Quote from: darthmaul on June 23, 2017, 09:06:11 AM

These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards.

Please, be closer to real World problems.

Someone have €200.000. in EU and need to transfer them to Guangzhou (China Mainland)/Marocco/Nigeria/ or Russia.

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The "end User" need Cash.

What is the solution?

That's true bitcoin is the only currency that can be used easily in any country ,
It's what we call as the real global currency right?
The best currency to help people make a cross country transaction so easy ,
When you use cash you will have a lot of problem doing this .

and only solution is that all the commercial markets store seller and purchaser should use bitcoin and specially the businessmen should do their business through bitcoin like paying salaries, purchases of raw material sale of finished goods and the end user should have option to use bitcoin for paying their utilities bills etc. may be in some place people have such facilities but in my area we still do not have such facilities to use, but can hope to have these facilities in future.

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Quote from: rizkyhiw on June 25, 2017, 02:21:39 PM

Quote from: Sex Video Chat VKcams.com on June 23, 2017, 12:45:33 PM

Quote from: darthmaul on June 23, 2017, 09:06:11 AM

These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards.

Please, be closer to real World problems.

Someone have €200.000. in EU and need to transfer them to Guangzhou (China Mainland)/Marocco/Nigeria/ or Russia.

The "end User" need Cash.

What is the solution?

That's true bitcoin is the only currency that can be used easily in any country ,
It's what we call as the real global currency right?
The best currency to help people make a cross country transaction so easy ,
When you use cash you will have a lot of problem doing this .

You need to take even more attention to the ease of handling paper currency. Indeed, more than half of the world's population is not ready to use cashless payments and, moreover, it is not convenient to use the digital currency as a means of payment. It seems to me that with bitcoin in this regard it will be very difficult and long enough. Time will pass for the introduction of its daily turnover.

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Quote from: Sex Video Chat VKcams.com on June 23, 2017, 12:45:33 PM

Quote from: darthmaul on June 23, 2017, 09:06:11 AM

These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards.

Please, be closer to real World problems.

Someone have €200.000. in EU and need to transfer them to Guangzhou (China Mainland)/Marocco/Nigeria/ or Russia.

The "end User" need Cash.

What is the solution?

That's true bitcoin is the only currency that can be used easily in any country ,
It's what we call as the real global currency right?
The best currency to help people make a cross country transaction so easy ,
When you use cash you will have a lot of problem doing this .

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Well cash and Credit Cards are more used because of the knowledge that people has about it, and well, the financial instituitions exist for a longer time than btc I guess, So it has also been more difused.

From your points:
Work offline 100% - That's true I guess, because btc always has an interaction online when occuring transactions.
No fees - ATM transactions I think have some fee associated to it, so not a really valid point.
confirmations time - Well sometimes they might have a little downtime, but well, the processing of btc transaction is like that, so be it.
anyone is able to understanding of the value of payment - Of course because it has always been fiat currency so everyone knows about it, and everywhere the paychecks are with fiat currency ! The more people start knowing it, and if they think btc can be a good change, we can start seeing more btc in use.

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Quote from: Sex Video Chat VKcams.com on June 23, 2017, 12:45:33 PM

Quote from: darthmaul on June 23, 2017, 09:06:11 AM

These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards.

Please, be closer to real World problems.

Someone have €200.000. in EU and need to transfer them to Guangzhou (China Mainland)/Marocco/Nigeria/ or Russia.

The "end User" need Cash.

What is the solution?

Without the help of banks you can't transfer that amount cheap inanother country.
For example 200 000 euros.
On localbitcoin excluding bank transfers (cash only) I can come up with 80BTC , best offer in a 250 km radius here.
Transferring those to Guangzhou for example will take just a few $ , ww'll skip that and then comes the transaction to yuans.
I get 1120000 yuans , the best offer for cash.

And that comes to around 160k euros.

Holly crap I just lost 40k by avoiding banks and dealing with cash and bitcoin only.

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Quote from: blueangel01 on June 23, 2017, 12:58:36 AM

Cash are much preferred by other countries because some countries don't have a fast and reliable internet connection. They can monitor there money in the banks easily Easy to understand since it is what they use eversince. Accepted anywhere. Here in our country, no stores accept bitcoins yet

Yes not all countries are good in technology and does have reliable internet connection. Cash is still preferred as there's no finger print that can be traced if you want anonymity. Bitcoin also is good when your transaction is offshore and you are far from the other party. But why you will take a look at each other and choose only one if you can enjoy both.

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Quote from: NJB18 on June 21, 2017, 08:39:06 AM

As of now and in terms of small every-once-in-a-while transactions, cash is definitely better than bitcoin. You are right, no transaction fees are needed. That is a big deal for me. Small transactions here in my country involve cash. Even large establishments do not yet accept bitcoin as payment. But I hope that one day they will open up for bitcoin transactions.

Other countries and some other companies are now recognizing bitcoin. But they are too few for now. So, cash is much more convenient to use for now.

Yes its right that cash is better than bitcoin because it works offline and will accepted any where and any time but I think it will not be a problem for bitcoin in future because the world is going to digital and bitcoin is making popular in peoples and countries as well

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Quote from: darthmaul on June 23, 2017, 09:06:11 AM

These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards.

Please, be closer to real World problems.

Someone have €200.000. in EU and need to transfer them to Guangzhou (China Mainland)/Marocco/Nigeria/ or Russia.

The "end User" need Cash.

What is the solution?

darthmaul

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You may be unaware that there are services which are being developed for bitcoin technology. These include direct payment from blockchain to end user, which is exactly similar to cash or credit cards. Search about the TenX entity which has developed Bitcoin Debit cards fully and these can be used as mode of payment directly. So no more waiting for you conversion and confirmations. You can spend your bitcoin directly from your blockchain to end user. There might be little upgrades needed in these techs but they are taking giant leap now a days.

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cash is easy to use
you can buy anything directly with it
collect as many as is good for you
but if you have bitcoin the price will increase time by time
and you can sell it for cash and have more cash than before

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Quote from: Ekanenf on June 23, 2017, 01:25:32 AM

Quote from: Cosbycoin on June 22, 2017, 09:04:13 AM

Quote from: indocafe on June 18, 2017, 12:34:09 PM

Because cash is better than bitcoin because cash can be anytime we use offline and transfer invidu, and cash cas fixed on our fiat value and not too worried when compared with bitcoin

Yes, still money is better than bitcoin because we can buy any thing any where and any time with money . but this is also a fact that bit coin is making progress rapidly and bitcoin increase its value very very high in a few year s and it will take no long time when every thing will be reachable with bitcoin .

I don't think so, bitcoin is way more better than this fiat thingy, we could see their differences of their potential on their prices, Fiat do have a fixed price, well not that fixed but their prices difference do have a big gap. Bitcoin's price is volatile that is why its price is always fluctuating, it started to a lower price then its price right now is skyrocketing and I know that it will increase more and more everyday.

You just say that because you are earning money from bitcoin, and that is all that matters to you. There are other things about fiat currency that needs to be considered, and bitcoin is non centralized cryptocurrency which belongs to no one. What would happen if you start losing money on bitcoin, i guess in that moment bitcoin would not be so great for you than. For most people here bitcoin is good, just because they earn easy money from it. But it have a long way before it can overthrow fiat currency, any fiat what so ever.

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Quote from: mihohil on June 21, 2017, 05:22:32 PM

as you think, cash even better than credit card, but we are living in 21 century, so it's stupid to think like you.

I don't know why are you guys are still thinking that bitcoin is better than fiat, we could easily see the difference in the price between the two, so yeah, thinking like what OP is thinking is so stupid. The value of bitcoin compare to fiat do really have a big difference that is why asking something like this is really a waste of time to answer, because obviously, fiat is better than bitcoin? LOL Roll Eyes

There is a lot of things that bitcoin do have that fiat don't have, they are like the land and where the Sun is right now, that is the gap between the two have.

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Quote from: Cosbycoin on June 22, 2017, 09:04:13 AM

Quote from: indocafe on June 18, 2017, 12:34:09 PM

Because cash is better than bitcoin because cash can be anytime we use offline and transfer invidu, and cash cas fixed on our fiat value and not too worried when compared with bitcoin

Yes, still money is better than bitcoin because we can buy any thing any where and any time with money . but this is also a fact that bit coin is making progress rapidly and bitcoin increase its value very very high in a few year s and it will take no long time when every thing will be reachable with bitcoin .

I don't think so, bitcoin is way more better than this fiat thingy, we could see their differences of their potential on their prices, Fiat do have a fixed price, well not that fixed but their prices difference do have a big gap. Bitcoin's price is volatile that is why its price is always fluctuating, it started to a lower price then its price right now is skyrocketing and I know that it will increase more and more everyday.

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Cash are much preferred by other countries because some countries don't have a fast and reliable internet connection. They can monitor there money in the banks easily Easy to understand since it is what they use eversince. Accepted anywhere. Here in our country, no stores accept bitcoins yet

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Quote from: ScriptYoYo on June 22, 2017, 07:02:25 AM

Because in our country there are no shops where you can pay with bitcoin

Yes, in my country also I am facing the same situation where most of the shops won't accept bitcoin still. So in coming days, they will start accepting bitcoin because bitcoin is becoming more popular in all the countries. At present condition still, cash is better than bitcoin.

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Quote from: DOGE12321 on June 23, 2017, 12:14:15 AM

Well, you do have a point about the bit where you said that you could barely buy anything with Bitcoin. Fiat is the immediate form of payment in any situation. But Bitcoin does have many advantages too. By the way, there is a fee for transactions with fiat too. Bitcoin transactions are a bit higher, but we are working on a solution to solve that issue. Bitcoin advocates complete ownership of your own coins. It is peer to peer. You do not have to pay any tax. There are no potential chargebacks. Bitcoin is better that fiat in many ways, but both have their own advantages and disadvantages.

In those things that you stated, it is very clear that you are right that bitcoin is better than fiat and also from the other payment system like paypal but if we will look at fiat as a currency alone, it is more stable than bitcoin and you cannot lose any amount of money by just having it while in bitcoin it is volatile and you can lose money if the prices goes down so i think it is very obvious that bitcoin and fiat are very different and just like what you stated, it has disadvantages and advantages.

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Well, you do have a point about the bit where you said that you could barely buy anything with Bitcoin. Fiat is the immediate form of payment in any situation. But Bitcoin does have many advantages too. By the way, there is a fee for transactions with fiat too. Bitcoin transactions are a bit higher, but we are working on a solution to solve that issue. Bitcoin advocates complete ownership of your own coins. It is peer to peer. You do not have to pay any tax. There are no potential chargebacks. Bitcoin is better that fiat in many ways, but both have their own advantages and disadvantages.

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If the question is, "why is bitcoin better than fiat money," the answer is that it cannot be debased, nor controlled by any person or privileged group of people. It is money that derives its price from the market (voluntary exchange) instead of by coercion and force. Thus, it is both a better store of wealth, andalso more ethical, transparent, and honest.If your question is, "why is bitcoin a better payment system?" The answer is that it often is not, at least formost people, most of the time. Eventually it will be thebest payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

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Quote from: Shenzou on June 21, 2017, 03:39:03 PM

Cash is better than bitcoin because it is way easier to use, i mean it is true that poeple all over thye world are using internet and smart phones and we are going toward a more and more digital world, but that does not ignore the fact that reaching out to your poclet and gettting a dollar bill is mich easier than pulling out your phone trying to figure out the amount that you need to send and conferming the transaction.

i think we should not compare cash and bitcoin, because currently we are using bitcoin for online purpose and for trading, while cash is using only for payment. and if we still compare both i will say that bitcoin is more better than cash which is really giving us more opportunities of earning, even simply by holding it its value increase and give us good profit. therefore to me i think bitcoin is more better than cash.

yes no doubt that bitcoin is more better than cash. i think there are so many reasons for that, that is also right that we can use bitcoin for multiple purposes, like to invest money in bitcoin for trading, for investment for using it as cash, and even for gambling, i think the only advantage of bitcoin is to use it for buying anything where the cash is accepted. but i am hopeful that very soon will also become able to use bitcoin for anything that we want to buy not only online but even in our local shops also.

Please don't make it complicated guys,

We all know that our fiat cash is the roots of different digital currency right now if you look at the market caps of every altcoins it has billions of USD in there because some or more than millions of people did invested with it.

Both are beneficial and with that I have no doubt, the main essence of crypto currency is to fasten and lessen the amount of transaction fees that banks and remmitances companies or any other online payment platform that taking advantage of it all this time in sending money in whatever reasons to another people any where in the world.

I just could not agree more my friend, you have a very clear and great point there. All of theses crypto currencies aims are for profit in terms of fiat and in making fiat transactions faster and cheaper. Even when transactions are made from both sides of the world. Nothing has to be better, coz both play a very important part in shaping our future as businessmen or normal people who use their services.

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Quote from: ScriptYoYo on June 22, 2017, 07:02:25 AM

Because in our country there are no shops where you can pay with bitcoin

Same in my country, but it can be use for bills payment. and for me cash is still better because not all shop here in my country know what bitcoin is, bitcoin is not yet recognize by many countries and many people so i think its a long way to go before bitcoin got recognize.

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