Why Cash is better than Bitcoin. - page 124.

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Quote from: formajocoto on May 30, 2017, 10:51:56 AM

Quote from: OmegaStarScream on May 08, 2017, 01:36:47 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.

LN is not enough for scaling the world or even just a bit nation/country.
cause when you close the channel your transaction go in a block.
LN reduces transactions interted in blocks only when you open channels you are going to use often.

What is the problem with you guys comparing a cryptocurrency and a fiat currency? Can't they live together without choosing any of the two? It's not a parasitic relationship in which only one is benefiting among the two. Let say that Cryptocurrency won't have any value at all if there is no fiat currency in the world. It is what is giving them value based on fiat currency. Too add why the hate in banks? Aren't we suppose to be happy that they are holding our money for free compared to buying an expensive safe in which we can't protect on our own?

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Yes cash better, can directly be used for any transaction while bitcoin can only be used to buy goods online and need to work with certain parties.

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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

The commission is on credit cards, and cash is not always convenient to pay. Cash is good only for small purchases.

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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

This is just the start of btc. Will become more adopted soon.

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Quote from: BitHodler on May 29, 2017, 05:51:45 AM

@conected, please, don't spread nonsense.

If you include proper fees with every transaction that you send out, you don't have to wait hours, or even days for it to confirm. If you want to know the recommended fee, then head over to this site ~ https://bitcoinfees.21.co

Currently the recommended fee is 360 satoshi per byte. In general, it translates to a fee of slightly over 81K satoshi.

People are complaining about transactions taking hours and hours (and in some cases days) to confirm, but that's all due to the fact that they are cutting on fees.

If you don't adapt to the situation by paying the recommended fee, you'll end up paying with your time and patience ~ is that really worth it? I don't think so.

Two days ago I had to buy a pencil. Don't ask why I'm still suing one these days
Went into a store bought one for 30 cents.

Let's assume I was going to pay with bitcoin. I would have paid around 2 euros.
And the merchant would have payed also 1 euro to collect his payment into his main wallet from the payment address.
Spotting the problem?

Right now for small payments <10$ cash and cc are better than btc.
Oh... and half of the world is living on less than this a day.

Quote from: OmegaStarScream on May 08, 2017, 01:36:47 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.

Try ING.
No atm fee 9no matter what atm you use) , no cc fees , I only pay for the mobile banking app access.

formajocoto

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Quote from: OmegaStarScream on May 08, 2017, 01:36:47 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.

LN is not enough for scaling the world or even just a bit nation/country.
cause when you close the channel your transaction go in a block.
LN reduces transactions interted in blocks only when you open channels you are going to use often.

formajocoto

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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

that's true
but cash value is very stable, Bitcoin grows a lot. I prefer having savings in Btc cause it grows

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Quote from: joganuts on May 30, 2017, 09:31:22 AM

Quote from: OmegaStarScream on May 08, 2017, 01:36:47 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.

I agree, we cannot consider atm or credit card as a reason of becoming a better money of cash that bitcoin because banking system is a part of atm and credit card which is literally not in to bitcoin. But if you are talking for faster transaction I can say that bitcoin can compete to the Atm andc credit card ability of bitcoin because there is an online/application wallet that have a card less transaction through bitcoin. And I also like that technology that supports bitcoin that makes its development to moved faster than cash.

I disagree. While I prefer bitcoin, the transaction fees are levied on the merchants for ACH, and are instantaneous. No doubt the fees are priced back into the products, but given the current state of fees and transaction speed on the bitcoin network, you are getting a more efficient deal with bitcoin. We need to scale people, the advantages of bitcoin to the traditional bankng syatem are slowly eroding as the network degrades in quality.

And I'm a maximalist, I guess.

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Quote from: geegaw on May 30, 2017, 09:46:55 AM

Quote from: k@suy on May 30, 2017, 07:32:04 AM

It depends on situation where to use cash. If in traditional way, of course we used cash but in virtual transaction, bitcoin is preferable. Cash is so liquid that you can buy what you want, no need to exchange nor convert it. It very easy to used and no other technical complexity.

I do not think so, cash is more convenient than bitcoin, it can be used anywhere. You should know is that in virtual transactions, a lot of people use cash to buy bitcoin, cash is very popular. Cash is better than bitcoin so much because its value is very stable, convenience in transaction, banks have accepted it and have been using it for a long time, I can say that using cash has become a habit for many people, it can not be replaced by anything else, Bitcoin is also impossible

In the future, we will see whether bitcoin is better or cash is better. Right now, it is obvious that cash is better because everyone on this planet uses cash

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Quote from: k@suy on May 30, 2017, 07:32:04 AM

It depends on situation where to use cash. If in traditional way, of course we used cash but in virtual transaction, bitcoin is preferable. Cash is so liquid that you can buy what you want, no need to exchange nor convert it. It very easy to used and no other technical complexity.

I do not think so, cash is more convenient than bitcoin, it can be used anywhere. You should know is that in virtual transactions, a lot of people use cash to buy bitcoin, cash is very popular. Cash is better than bitcoin so much because its value is very stable, convenience in transaction, banks have accepted it and have been using it for a long time, I can say that using cash has become a habit for many people, it can not be replaced by anything else, Bitcoin is also impossible

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Quote from: OmegaStarScream on May 08, 2017, 01:36:47 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.

I agree, we cannot consider atm or credit card as a reason of becoming a better money of cash that bitcoin because banking system is a part of atm and credit card which is literally not in to bitcoin. But if you are talking for faster transaction I can say that bitcoin can compete to the Atm andc credit card ability of bitcoin because there is an online/application wallet that have a card less transaction through bitcoin. And I also like that technology that supports bitcoin that makes its development to moved faster than cash.

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Quote from: Zenithar on May 30, 2017, 08:55:55 AM

Quote from: ubercool on May 30, 2017, 07:25:32 AM

Bitcoin is still in its growing phase and havent got adopted in the market for local stores like hotels and malls or other daily usage things. So we have to use cash or cards from the banks for that. In future if every country adopts BTC or other crypto's then it may be popular than cash.

in fact that can be the main reason. still almost all the people of the world are still depending on fait. even those people who are using bitcoin they are also using it as optional, and the reason is only that still all the facilities of bitcoin are not yet available in bitcoin. we cannot use bitcoin for purchasing everything.

I think in many countries we have the only option, and it's sell our bitcoins and convert it into fiat currency and use that money I real world. Still, we did not get a chance to use bitcoins in the real world. I think the malls and online shops have a chance to accept bitcoins, but why they are not accepting, i don't know the proper reason. If anyone starts to accept bitcoin then automatically others will accept bitcoin.

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Quote from: ubercool on May 30, 2017, 07:25:32 AM

Bitcoin is still in its growing phase and havent got adopted in the market for local stores like hotels and malls or other daily usage things. So we have to use cash or cards from the banks for that. In future if every country adopts BTC or other crypto's then it may be popular than cash.

in fact that can be the main reason. still almost all the people of the world are still depending on fait. even those people who are using bitcoin they are also using it as optional, and the reason is only that still all the facilities of bitcoin are not yet available in bitcoin. we cannot use bitcoin for purchasing everything.

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Quote from: Barbut on May 30, 2017, 07:21:01 AM

Quote from: Sex Video Chat VKcams.com on May 28, 2017, 10:27:21 AM

http://www.wtvq.com/2017/05/18/waynesburg-man-arrested-unknown-drug-found/

One day just holding a $20 bill will be a case to attract the attention of police.

And to be sarcastic 'that is for our own protection', well be the statement from police.

On the some 1/4 part of this picture they show $9 in $1 bills.

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It depends on situation where to use cash. If in traditional way, of course we used cash but in virtual transaction, bitcoin is preferable. Cash is so liquid that you can buy what you want, no need to exchange nor convert it. It very easy to used and no other technical complexity.

ubercool

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Bitcoin is still in its growing phase and havent got adopted in the market for local stores like hotels and malls or other daily usage things. So we have to use cash or cards from the banks for that. In future if every country adopts BTC or other crypto's then it may be popular than cash.

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Quote from: Sex Video Chat VKcams.com on May 28, 2017, 10:27:21 AM

Quote from: Barbut on May 28, 2017, 10:04:04 AM

who is using cash this days? Who doesn't have few credit cards in wallet this days?

http://www.wjcl.com/article/traffic-stop-yields-large-amount-of-cash/9922665

https://patch.com/california/sanbruno/four-pounds-pot-significant-amount-cash-found-san-bruno-traffic-stop-police

http://boston.cbslocal.com/2017/05/20/lunenburg-assault-rifle-cocaine-arrest/

http://www.standard.co.uk/news/crime/drug-dealers-who-posed-with-large-amounts-of-drug-money-flash-watches-and-cars-jailed-after-police-a3538576.html

http://www.plymouthherald.co.uk/armed-police-stop-car-on-a30-and-find-large-amount-of-cocaine-and-cash/story-30318726-detail/story.html

http://www.wtvq.com/2017/05/18/waynesburg-man-arrested-unknown-drug-found/

One day just holding a $20 bill will be a case to attract the attention of police.

Sadly your comment wasn't noticed! I think you did great job here, pictures are showing who is using cash, and point is clear.
Let's talk about how this money ends up in banks all over the world, cause all this money is washed in the end through many ways. But that is another topic.
I agree that we are going into that kind of future, any amount of cash will be suspicious. And to be sarcastic 'that is for our own protection', well be the statement from police.

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Quote from: SingAlong on May 26, 2017, 02:28:28 AM

Quote from: bohr on May 25, 2017, 05:20:49 PM

Quote from: Seeker01 on May 23, 2017, 11:49:32 PM

Cash is better than bitcoin literally, the world of bitcoin are quite small and cant even supply the demand of the world yet. Cash is more comfortable than bitcoin, we can use cash anywhere, in anything we want to buy. well we hope that the future of bitcoin are brighter.

Bitcoin can supply the demand for it, the only issue, and it is not an issue at all, is that the price of bitcoin will need to be very high and most transactions will need to be very low so the only real obstacle is the fees of transactions and for that we need a solution like segwit.

Let us say that cash and bitcoin have its own advantages and also disadvantages. I see these two to work together to be able to brought a great deal of economic growth from different parts of the world. Cash or fiat will still retain and I hardly see it as gone so this will be used mostly in daily transaction like buying food or whatever alike. On the other hand, Bitcoin would be widely used in cyber world and in international or global market transactions. By this, I see cash and Bitcoin to be both essential so no need to argue about it too much.

I don’t have a problem admitting that, every tool has a reason to exist, we are not going to use a hammer when the problem requires the use if a screwdriver, so I will admit that using both of them we are better unfortunately governments have tried to get rid of cash for a very long time and maybe in the future they are going to try to do the same with bitcoin.

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Quote from: kidoseagle0312 on May 29, 2017, 06:59:11 AM

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

When we talk about the reality, cash is much more better than bitcoin nowadays. We can used it anywhere we go,
Unlike bitcoin is much more advantage than real money/cash in terms of online, But we had our own perceptiton regarding choosing between the two which is bitcoin and cash.

Well Bitcoin is currently limited in a few things but it's advantages outweighs its disadvantages and fiat advantages combined. Fine it cannot be used anywhere but ask yourself how many fiat currencies are usable outside its country of origin? With time Bitcoin will be accepted by all and will usable everywhere like fiats and it will confirm faster than it is doing currently as solutions are being prescribed here and there.

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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

When we talk about the reality, cash is much more better than bitcoin nowadays. We can used it anywhere we go,
Unlike bitcoin is much more advantage than real money/cash in terms of online, But we had our own perceptiton regarding choosing between the two which is bitcoin and cash.

Topic: Why Cash is better than Bitcoin. - page 124. (Read 99328 times)