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Topic: Why Cash is better than Bitcoin. - page 111. (Read 99328 times)

hero member
Activity: 1722
Merit: 528
June 20, 2017, 01:45:47 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

Yea hate to say it but it is true, bitcoins are totally useless offline and there is no sense in arguing with that because it is reality. Fiat today have lots of real advantages if compared to bitcoins. Although bitcoins also has advantages on its own, still fiat remains superior. But, if these minor issues that bitcoins today have would be corrected some time in the future, then and only then i can be sure that btc will kick fiat itself in the ass.

Because there are no physical coin or representation of bitcoin, how can you use bitcoin offline? There is no connection, how can you send your payment. That is funny, it is literally useless offline. Also I am waiting to what you have said that bitcoin will kick fiat in the ass, first, bitcoin will never be a currency of one's country, second,we are using fiats as bitcoins value or price. Without fiats, do you think we are discussing this now?
sr. member
Activity: 546
Merit: 257
June 20, 2017, 01:38:39 AM
Not everyone knows about bitcoin so the reason people use paper money, maybe that's one factor.


From My point of view due to lack of knowledge Of bitcoin among people cash may be better then bitcoin.But it's not a end .Soon Reverse of this will Occur



Even if we have knowledge of bitcoin, cash is still better than bitcoin. We can't use it fully offline, the truth so many people still don't know what bitcoin is. Some of us are saying bitcoin is better than cash because we can get some extra profit in the long term. I think even in the future, even if the price pumps so much, cash will stay better than bitcoin.
hero member
Activity: 837
Merit: 500
June 20, 2017, 01:22:54 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

Yea hate to say it but it is true, bitcoins are totally useless offline and there is no sense in arguing with that because it is reality. Fiat today have lots of real advantages if compared to bitcoins. Although bitcoins also has advantages on its own, still fiat remains superior. But, if these minor issues that bitcoins today have would be corrected some time in the future, then and only then i can be sure that btc will kick fiat itself in the ass.

As for now,all we need to do is saven and collect as much as possible big amounts of btc for future preference for by that time we all have enough amount to spend it.
member
Activity: 98
Merit: 10
June 20, 2017, 01:08:48 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

Yea hate to say it but it is true, bitcoins are totally useless offline and there is no sense in arguing with that because it is reality. Fiat today have lots of real advantages if compared to bitcoins. Although bitcoins also has advantages on its own, still fiat remains superior. But, if these minor issues that bitcoins today have would be corrected some time in the future, then and only then i can be sure that btc will kick fiat itself in the ass.
sr. member
Activity: 322
Merit: 250
June 20, 2017, 12:56:26 AM
Not everyone knows about bitcoin so the reason people use paper money, maybe that's one factor.


From My point of view due to lack of knowledge Of bitcoin among people cash may be better then bitcoin.But it's not a end .Soon Reverse of this will Occur

hero member
Activity: 1078
Merit: 501
June 20, 2017, 12:29:07 AM
Well cash is better in someways but bitcoin is a bit better why?
imagine you have like 5usd, that money will remain 5usd for eternity but bitcoin in the otherhand
worth 5usd for example if you get lucky? might be worth thousand in a year
thats what i think
Yeah they have both advantages and disadvantages. For me, bitcoin and cash are both important, because Bitcoin can increases its value but you cannot use it in some restaurant or other online shops, but when you have a cash you can use it everywhere you wanted, but still we can convert bitcoin into fiat but when it comes in using online we cannot use bitcoin to buy all what we wanted. But the best thing about having a bitcoin is that it increases and it can make you earn if you just wait to increases its value.
hero member
Activity: 641
Merit: 505
June 19, 2017, 06:30:43 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
As of now, bitcoin’s usage is still limited and very specific. Its usage depends in the internet connection so if there is no internet, bitcoin cannot be used and online transactions cannot be performed.

But if bitcoin would be recognized in the future, its usage would not be limited. Many people believe that with bitcoin’s capabilities and qualities, it might replace fiat currencies in the future. We still wish for bitcoin to be recognized by many countries in order to extend its usage. If ever that bitcoin would be accepted by the government and would be legal, this will surely be a good stepping stone for bitcoin.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 19, 2017, 09:25:13 AM
Cash is still better than bitcoin in terms of some services.Though it still require fees,cash can still be used anywhere with ease unlike bitcoin that you still need to convert because there are just few shops that are accepting it.But i think that bitcoin will reach the point of acceptance all over the world as the technologies improves.

Sites like cheapair.com, bitrefil.com, purse.io and many sites accepts bitcoin in Ecommerce or others. However, we have payment option as fiat and paypal as well. Even in physical stores also fiats are widely accepted. Bitcoin needs to be adopted as legal currency in your country to use it. Then bitcoin would be better than fiat money.

Take a walk from you home to the city center or if you live there walk through the shopping district for one mile or so and tell me how many shops are accepting bitcoins.
Not card or wallets where you actually pay with $ and the card issuer is doing the conversion.
Bitcoins.

In my town there is none. Only two coffee shops were accepting coins a long time ago but I have't been there for a while.

As for this.

Quote
Even in physical stores also fiats are widely accepted.
I've never heard of a shop accepting those crappy cars as payments for groceries.
But if your talking about fiat money (which does not have a plural) , well.... that's obvious isn't it?


hero member
Activity: 672
Merit: 500
June 19, 2017, 07:51:46 AM
Not all people are aware of the existence of Bitcoin. Some people could be aware but only by reading it through news and hearing it with people using Bitcoins. Cash is better than Bitcoin because every establishment are open to cash basis exchange over service and products. Bitcoins could be a better alternative in the future but it should be properly introduced.
sr. member
Activity: 490
Merit: 252
http://VKcams.com/
June 19, 2017, 02:32:38 AM
shops accepts credit cards

No, the nearest Food Shop to me accept only Cash (Higly preferible in €10 / €20 notes).
sr. member
Activity: 1638
Merit: 300
June 19, 2017, 02:06:12 AM
Because is more easy to used especially in the market. Also bitcoin currency in our country was not already known by the local businesses that's why in our country cash or paper money is most usable than bitcoin or digital currencies.

Same here, bitcoin here in our place is nothing unlike the other countries. Most people look at bitcoin as something not existing, because the place we are in are not that tech lovers. Maybe in towns but not in far places. Cash can also be sent throughout the globe and be received after a few minutes, there is no low fee but a fixed fee for every money being transacted.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
June 19, 2017, 01:56:20 AM
a lot of users coming to correct you. better if it is against bitcoin.

Mister, i was at the shop for food yesterday, i used to pay with the MasterCard CC.
They use to accept Cash too.

It's against Your Religion to check usability of BTC in allday's living?

For god's sake. Bitcoin is very new. Well duh shops accepts credit cards, they've been around for hundreds of years.

Do more research on this. Don't just make some dumb arguments here. As if the only important aspect of money is if it's usable on grocery shops.
hero member
Activity: 630
Merit: 500
June 19, 2017, 01:49:27 AM
Because is more easy to used especially in the market. Also bitcoin currency in our country was not already known by the local businesses that's why in our country cash or paper money is most usable than bitcoin or digital currencies.
sr. member
Activity: 490
Merit: 252
http://VKcams.com/
June 18, 2017, 09:27:06 PM
and criminals

Just selling BTC for $ in USA is easily under charge of “operating an illegal money transfer business”.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
June 18, 2017, 09:17:51 PM
Not everyone knows about bitcoin so the reason people use paper money, maybe that's one factor.

I agree for this one, bitcoin are not yet recognized by all people that is why cash is still the best thing for them, cash is better because you can have it even without internet, there are some areas in a country that dont have internet connection so for them to know about bitcoin is really hard. Cash is still better than bitcoin today but im not sure in the future.

A lot of people have heard about Bitcoin, but considering the fact that so much of negative propaganda is being dished out against Bitcoins, I would assume that a lot of them are afraid to use BTC. They think that Bitcoin is a currency which is exclusively used by drug dealers, pedophiles and criminals. We need to educate the public that their understanding about the crypto-currency is not right.
sr. member
Activity: 490
Merit: 252
http://VKcams.com/
June 18, 2017, 09:04:57 PM
but with bitcoin will be very cheap and faster

Really?



Make some calcolation for $ 100.000. fund transfer.
You need pay 2 times exchange fees, and You are under -20% Volatility risk.

So, You at Start have $100.000. and at Finish You risk to become $ 70.000. or less.

hero member
Activity: 2954
Merit: 796
June 18, 2017, 08:48:05 PM
Not everyone knows about bitcoin so the reason people use paper money, maybe that's one factor.

I agree for this one, bitcoin are not yet recognized by all people that is why cash is still the best thing for them, cash is better because you can have it even without internet, there are some areas in a country that dont have internet connection so for them to know about bitcoin is really hard. Cash is still better than bitcoin today but im not sure in the future.

Cash since we can use ot easily, when time comes that almost all stores have accepted btc like thevway they treat Debit or Credit Cards then Btc will be a lot useful . But in the meantime i will just save btc for future adoption  in any means.
full member
Activity: 140
Merit: 100
June 18, 2017, 07:50:11 PM
Not everyone knows about bitcoin so the reason people use paper money, maybe that's one factor.

I agree for this one, bitcoin are not yet recognized by all people that is why cash is still the best thing for them, cash is better because you can have it even without internet, there are some areas in a country that dont have internet connection so for them to know about bitcoin is really hard. Cash is still better than bitcoin today but im not sure in the future.
hero member
Activity: 762
Merit: 500
June 18, 2017, 01:22:15 PM
There are some reason that money is superior to bitcoin. Like No fees,anyone can comprehension of the estimation of payment,cash not diminishing in cost while bitcoin encounter and so forth.

Not always. If you are making a huge transfer of money inside the country or internationally then it will cost a lot, but with bitcoin will be very cheap and faster.
But for everyday use bitcoin is not a good currency because it has high fee (especially if it will be used for small amounts) and the delay and confirmation time isn't fast.
legendary
Activity: 2044
Merit: 1008
June 18, 2017, 01:07:16 PM
The only advantage I can think about physical cash right now is its anonymity. Bitcoin is also very anonymous, but there is always a chance of tracing back the transactions to the user through the Blockchain. But with physical cash, it is almost impossible to trace the transactions (unless you are able to attach some sort of GPS chips to the banknotes).
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