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Topic: Why Cash is better than Bitcoin. - page 125. (Read 99328 times)

legendary
Activity: 1526
Merit: 1179
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.
hero member
Activity: 1302
Merit: 503
May 29, 2017, 05:31:03 AM
Cash is better than bitcoin today, not sure in the future. Cash is better simply because it is accepted by all and cash is still there even the internet is dead because bitcoin cant work without it.
yes that is right but we can hope that very soon bitcoin is going to become more more popular and hope that very soon people will start using bitcoin and i am hopeful that then every facility will be available for the users of bitcoin through out the world that have for fiat. bitcoin will then become more better than fiat.
- Bitcoin can not be any better than cash, if the world has no internet, bitcoin will not be able to survive, this is an inconvenience of bitcoin. In addition, time to accept transactions is very long, sometimes a few hours or days, therefore want to use Bitcoin in real life is very difficult. Cash is much more convenient than bitcoin, it's simple, easy to use, its value does not change too much, and everyone in the world has been using cash for a long time, that proves it is the best and no one can replace or better it
sr. member
Activity: 1652
Merit: 262
May 29, 2017, 04:51:46 AM
Because it may be the risk of fraud and higher security that pay cash rather than bitcoin or other types of online payments. Online transactions don't guarantee the safety of their users, let alone the bitcoin that is still considered a "trial" and has not yet received clear regulation from the government.
Thanks
sr. member
Activity: 350
Merit: 250
May 29, 2017, 04:38:49 AM
Cash is better than bitcoin today, not sure in the future. Cash is better simply because it is accepted by all and cash is still there even the internet is dead because bitcoin cant work without it.
yes that is right but we can hope that very soon bitcoin is going to become more more popular and hope that very soon people will start using bitcoin and i am hopeful that then every facility will be available for the users of bitcoin through out the world that have for fiat. bitcoin will then become more better than fiat.
hero member
Activity: 1008
Merit: 500
May 29, 2017, 04:19:12 AM
It depends on the situation that  theres a chance that cash is better than bitcoin and vice versa.
For example you ask 10 people that doesnt know bitcoin ,they will surely pick cash instead of bitcoin.
If im gonna rate both of them it will be 50/50.
sr. member
Activity: 630
Merit: 250
May 29, 2017, 04:17:03 AM
Cash is better than bitcoin today, not sure in the future. Cash is better simply because it is accepted by all and cash is still there even the internet is dead because bitcoin cant work without it.

We can say in a simpler way, with the technology of the present world, the abolition of currency to apply bitcoin is not possible, our technology is not modern enough to apply it.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
May 29, 2017, 04:15:38 AM
Cash is better than bitcoin today, not sure in the future. Cash is better simply because it is accepted by all and cash is still there even the internet is dead because bitcoin cant work without it.
Agreed, right now cash is better because of the various features it has got compared to the bitcoin or the digital currency network. About the future when discussed bitcoin might get more chances of defeating cash, because most country's major focus is to digitise each and every sector starting from financial services.
full member
Activity: 140
Merit: 100
May 29, 2017, 04:05:15 AM
Cash is better than bitcoin today, not sure in the future. Cash is better simply because it is accepted by all and cash is still there even the internet is dead because bitcoin cant work without it.
newbie
Activity: 25
Merit: 0
May 29, 2017, 02:45:23 AM
Utilizing money rather than Bitcoin can be entirely decent if there is a period restrain with acquiring a specific thing. Bitcoin is only a thing that I utilize when I jump at the chance to buy things that I don't generally need in a moment not at all like a few things that I get. On the off chance that I need to bet I attempt to utilize Bitcoin more than money since it's recently less demanding to send an installment with Bitcoin instead of attempting to get my bank included
full member
Activity: 152
Merit: 100
May 29, 2017, 02:41:21 AM
Many countries do not accept bitcoin but why this bitcoin is good if the price goes high last month. Fiat is indeed a tool that is used many in the world even all use it.
sr. member
Activity: 910
Merit: 252
May 29, 2017, 01:14:05 AM
I accept your 3 points
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
But i cant accept 4 th and 5th because in my country withdrawal cash is having fees and also transaction fees also includes
anyone is able to understanding of the value of payment This point i partially except because there is lots of mobile wallet exists people can able to understand digital currency value
sr. member
Activity: 420
Merit: 282
May 29, 2017, 12:04:06 AM
Cash is better than bitcoin because most of the people wants to see and wants to hold the amount they have. Also, most of the people were not believe in the digital currency transactions due to scam. Most of the people were scared to scammed by the scammer. That's why it's was hard to the part of digital currency to earn trust from the people who don't know the digital currency.
newbie
Activity: 53
Merit: 0
May 28, 2017, 11:40:30 PM
CC and Bank transfers aren't cash, Cash itself is good on personal small life matters done simply, but for multiple payments, large amount, over-seas and in the internet is very inconvenient, it's true there's almost no fraud and no issues like that but the use is very limited too.
BTC and CC/Banks share some advantages and disadvantages, but bitcoin advantages are more and less disadvantages.
sr. member
Activity: 1484
Merit: 253
May 28, 2017, 02:49:15 PM
Cash is better than bitcoin for so many years but now, I can see it that it's no longer better to use all the time. For now cash is only for local purchases and spending from bitcoin sources can be a nice income now. If we refer cash to be a fast payment transaction, well it could not beat the advantages bitcoin has today, but cash can be use to offline spending without the presence of internet network. Bitcoin compared from cash has an anonymous  ability to remain silent on your wealth which cannot be seen by a human naked eye, since cash is a trasparent kind of currency which is seen and hold as physical monetary use.
sr. member
Activity: 1232
Merit: 250
May 28, 2017, 02:36:39 PM
Cash is better in terms of global acceptance same with credit cards however, we have no assurance that cash would be able to hold on for long or would it flop down seeing that there is an impending economic crash yet again. Cash is king as of this moment, but for how long?

Cash will be prevailing in the economy, particularly in some Under developed countries and even in some developing countries. New generation might adopt cashless/bitcoin transaction, but the semi backward and backward citizens would still believe in cash. And in the current scenario, in a small transaction, using cash is much better option as its fast and hassle free.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
May 28, 2017, 10:47:23 AM
Cash is better in terms of global acceptance same with credit cards however, we have no assurance that cash would be able to hold on for long or would it flop down seeing that there is an impending economic crash yet again. Cash is king as of this moment, but for how long?
full member
Activity: 210
Merit: 100
May 28, 2017, 10:39:42 AM
Cash has its merits, but if the banking system collapse, cash could become worthless. Examples are Venezuela and Zimbabwe.

Cash empowers it's owner, having it, feel it in your pocket, controlling it makes one feel secure. But if it is a bank less so.

This is the same feeling that bitcoins give. That feeling of empowerment,  so far as you can protect yourself online and it never goes obsolete.

At the moment though,  cash is king and bitcoins derives it's value from it.
sr. member
Activity: 503
Merit: 250
May 28, 2017, 10:27:45 AM
Cash could easily be "damaged" (water, heat, mechanical). Not so long ago someone tried to pay at the local food shop with cash and they didn't accept it because it was a bit damaged.



That's why we need to care on it. Because it has a value. That is the purpose of paper money. Paper are easily to destroy and everybody aware on that.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
May 28, 2017, 10:04:04 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

Your principle is flawed in many ways,
* Bitcoin, too can work %100 offline, with a physical wallet or a phone etc... just like a credit card or a bank work offline, that's not a point here.
* Cash has no fees, but as far as I know CC and banks do.
* BTC technically can work for these too, and is being used, it's not mainstream in those fields but nothing prevent it.
* Um, CC and Banks take days to actually confirm something, unless you are only taking about cash.
* NO, this one is just unacceptable, CC are the main reason of financial fraud and that's everyone's knowledge, Bank accounts can be hacked too so it's actually the opposite, Cash and BTC have the 0 exchange risks.
* when CC came out, That was the same in a way, with no one familiar with it, time fixes these kind of things.

I wish to add one thing, who is using cash this days? Who doesn't have few credit cards in wallet this days? Sooner of later cash will disappear, banks are working on their transactions, better terms, but in the end they will disappear too.
Future is in technology and transparency, and with bitcoin we have both. Bank is institution, who run it, where they get money from, what kind of fees they have? Interest rate for loans, for saving? Ask many questions and on most of them we can see that bitcoin is much better then convectional money.
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