Why Cash is better than Bitcoin. - page 126.

abubakrrali

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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

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.

Dite1989

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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.

Takuul

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There are allot of issues as well, as cash doesn't function offline (actual hard cash), it's also impractical in large transactions. You can't handle except what you can carry. Indeed there are no fees after you get it, but every single fiat based payment require some form of fee.

DoublerHunter

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Quote from: mackenzied on May 27, 2017, 04:34:37 AM

Quote from: mudboy93 on May 27, 2017, 03:28:41 AM

This is only based on cash fiat payment, as CC and banks can't be considered within that description, SO people would need to give allot of paper to others face to face, it's perfect but awfully impractical, for example if you are running a company or having millions of employees, even in resturants majority use the risky credit cards, which is not different that BTC at all.

* Work offline 100%
And doesn't work online at all (actual cash)
* No fees. (Yes, cash has no fees, unlike all online payment methods)
* Accepted for Food Shopping & Micropayments but time consuming and not practical in large sized TX;s
* 0 confermations time
* 0 exchange risks unless it's counterfeit

Exactly, bitcoin is not really perfect as everyone thinks, it is limited by too many things, especially the internet. Without internet, bitcoin would not exist, and certainly development was always prevented.

We should not think bitcoin is just like the ordinary money that it will do all what we expects because bitcoin is more like just an internet currency and also a tool to make more money via investment or trading money in different exchangers like yobit and poloniex and many more. We don't need to expect all from bitcoin because if we does then we will just get disappointed.

mackenzied

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Quote from: mudboy93 on May 27, 2017, 03:28:41 AM

This is only based on cash fiat payment, as CC and banks can't be considered within that description, SO people would need to give allot of paper to others face to face, it's perfect but awfully impractical, for example if you are running a company or having millions of employees, even in resturants majority use the risky credit cards, which is not different that BTC at all.

* Work offline 100%
And doesn't work online at all (actual cash)
* No fees. (Yes, cash has no fees, unlike all online payment methods)
* Accepted for Food Shopping & Micropayments but time consuming and not practical in large sized TX;s
* 0 confermations time
* 0 exchange risks unless it's counterfeit

Exactly, bitcoin is not really perfect as everyone thinks, it is limited by too many things, especially the internet. Without internet, bitcoin would not exist, and certainly development was always prevented.

mudboy93

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This is only based on cash fiat payment, as CC and banks can't be considered within that description, SO people would need to give allot of paper to others face to face, it's perfect but awfully impractical, for example if you are running a company or having millions of employees, even in resturants majority use the risky credit cards, which is not different that BTC at all.

* Work offline 100%
And doesn't work online at all (actual cash)
* No fees. (Yes, cash has no fees, unlike all online payment methods)
* Accepted for Food Shopping & Micropayments but time consuming and not practical in large sized TX;s
* 0 confermations time
* 0 exchange risks unless it's counterfeit

boyptc

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Quote from: Avametra on May 26, 2017, 05:03:22 AM

Quote from: boyptc on May 26, 2017, 03:16:54 AM

Quote from: eann014 on May 26, 2017, 01:57:28 AM

Cash is better than bitcoin? I think there is only one thing, because we can give the money directly to a person or to a store if we want to buy things. But bitcoin is also good because if they don't know your account it will not steal of anyone so always secure your account.

There's no way to steal your bitcoin unless you will let someone know it. I won't compare cash to bitcoin as they are both useful to me. But when it comes to usage, cash is still useful as most of the stores are not aware of what bitcoin is. So there's no need for you to compare and choose what's better, they are both.

Bitcoin and cash in general can not be compared. Bitcoin now has more advantages than cash. Its price grows, and cash does not increase.

Yes we can't compare these two currencies as they are different from each other. Bitcoin as digital money and cash is physical and cash. That's the beauty of bitcoin the value of it increases and while the cash is not increasing instead because of the inflation the value of it decreases. Where you are confident just use.

dwieyani

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Because cash money is not necessary to exchange and can also be directly used to transact.

Eternu

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Quote from: bitbob82 on May 26, 2017, 08:41:11 AM

Quote from: matuson on May 26, 2017, 05:11:10 AM

Quote from: Seville on May 26, 2017, 03:29:26 AM

bitcoin is too hard to use for the average person.. i think thats the major stumbling block

This is true, but it seems to me that the main reason is that on a psychological level, people should be able to see and feel what he has. This creates the illusion of security from the fact that he will not lose his money. I am sure that if there were a cash of bitcoin it would spread faster, but so far it does not meet the concept of crypto currencies.

i think in modern areas there is no such issue that bitcoin is online currency, as in modern areas people are giving preference to online currency, there trend of using currency is now changing. they most use online service for buying and selling and are also using and giving preference to online shopping, i am hopeful that in backward areas very soon bitcoin will become too much popular.

I think we all hope for that to happen, i mean for bitcoin to become even more used all around the world. But i must agree with Seville, he is right when he says that bitcoin is too complicated to be used by average person. There are people who are not used to paying with there pay cards, or buying something online. They would be totally confused about way of using bitcoin XD .

bitbob82

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Quote from: matuson on May 26, 2017, 05:11:10 AM

Quote from: Seville on May 26, 2017, 03:29:26 AM

bitcoin is too hard to use for the average person.. i think thats the major stumbling block

This is true, but it seems to me that the main reason is that on a psychological level, people should be able to see and feel what he has. This creates the illusion of security from the fact that he will not lose his money. I am sure that if there were a cash of bitcoin it would spread faster, but so far it does not meet the concept of crypto currencies.

i think in modern areas there is no such issue that bitcoin is online currency, as in modern areas people are giving preference to online currency, there trend of using currency is now changing. they most use online service for buying and selling and are also using and giving preference to online shopping, i am hopeful that in backward areas very soon bitcoin will become too much popular.

DoublerHunter

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Quote from: 28days_ever on May 26, 2017, 08:27:12 AM

Quote from: Eternu on May 26, 2017, 08:22:45 AM

Well for now Fiat currency is strongest of all currency out there. It has been used for a long, long time, and it will be used for quite some time in the future. Electronic way of paying is still new in some countries, and its been growing, which is good, i think it is part of progress. But who knows if cash will survive in future, i do not think that it will. Electronic way of paying is the future.

Paper money will not disappear, just their number may decrease. But electronic currencies will certainly spread more around the world.

I agree with you, the paper money will not disappear because if you are thinking about that then it is non sense. The only thing that will happen is the user of paper money will decrease because of the domination of bitcoin and soon we will see a well adopted bitcoin in a particular country or city.

YuginKadoya

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Quote from: Ayiranorea on May 26, 2017, 08:29:37 AM

Quote from: Pattart on May 26, 2017, 08:19:49 AM

Quote from: batang_bitcoin on May 20, 2017, 10:42:52 PM

Quote from: ipungadhi on May 20, 2017, 10:39:08 PM

Quote from: Sifat33 on May 18, 2017, 05:04:30 AM

Chash is better than Btc because cash is real world mony not virtual mony.And Bitcoin is virtual mony.Cash aallow every place.But Bitcoin not allow every place.

That's why people prefer to use cash rather than using bitcoins. Because bitcoin has not been widely accepted in society. So people prefer to use cash

Cash is better than bitcoin with this way. But I know that one day digital money is going to become better than cash. As the technology is upgrading the financial system will be upgraded too. And if that happens that will be the start of crypto currency to become recognized by the people as better medium.

I agree with you guys. Cash is still mastered and used because only with cash people can do spending. When in the future bitcoin or digital currency start much accepted. I'm sure people will start using digital money

Even though there are several innovation happening with the economic development, still there are users who doesn't have any idea about the card usage. So only a group of people who show interest into the digitalized use of the currency in the future when everything becomes digital.

When decentralization was introduced to us this kind of system and technology was a real innovation and it will not be realized by us and others if it's value didn't increase this much, and we could not see he real deal we are missing that is why I totally think that the development of this technology or idea was great and a real contribution to the society even thought bank was mad about it.

Ayiranorea

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Quote from: Pattart on May 26, 2017, 08:19:49 AM

Quote from: batang_bitcoin on May 20, 2017, 10:42:52 PM

Quote from: ipungadhi on May 20, 2017, 10:39:08 PM

Quote from: Sifat33 on May 18, 2017, 05:04:30 AM

Chash is better than Btc because cash is real world mony not virtual mony.And Bitcoin is virtual mony.Cash aallow every place.But Bitcoin not allow every place.

That's why people prefer to use cash rather than using bitcoins. Because bitcoin has not been widely accepted in society. So people prefer to use cash

Cash is better than bitcoin with this way. But I know that one day digital money is going to become better than cash. As the technology is upgrading the financial system will be upgraded too. And if that happens that will be the start of crypto currency to become recognized by the people as better medium.

I agree with you guys. Cash is still mastered and used because only with cash people can do spending. When in the future bitcoin or digital currency start much accepted. I'm sure people will start using digital money

Even though there are several innovation happening with the economic development, still there are users who doesn't have any idea about the card usage. So only a group of people who show interest into the digitalized use of the currency in the future when everything becomes digital.

28days_ever

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Quote from: Eternu on May 26, 2017, 08:22:45 AM

Well for now Fiat currency is strongest of all currency out there. It has been used for a long, long time, and it will be used for quite some time in the future. Electronic way of paying is still new in some countries, and its been growing, which is good, i think it is part of progress. But who knows if cash will survive in future, i do not think that it will. Electronic way of paying is the future.

Paper money will not disappear, just their number may decrease. But electronic currencies will certainly spread more around the world.

Pattart

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Quote from: batang_bitcoin on May 20, 2017, 10:42:52 PM

Quote from: ipungadhi on May 20, 2017, 10:39:08 PM

Quote from: Sifat33 on May 18, 2017, 05:04:30 AM

Chash is better than Btc because cash is real world mony not virtual mony.And Bitcoin is virtual mony.Cash aallow every place.But Bitcoin not allow every place.

That's why people prefer to use cash rather than using bitcoins. Because bitcoin has not been widely accepted in society. So people prefer to use cash

Cash is better than bitcoin with this way. But I know that one day digital money is going to become better than cash. As the technology is upgrading the financial system will be upgraded too. And if that happens that will be the start of crypto currency to become recognized by the people as better medium.

I do not know when it will happen. And I also do not know is it bitcoin can shift the dollar or not. But as I know, the popularity of the dollar continues to skyrocket. And it makes a lot of people getting to know bitcoin

mothergodness

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Quote from: Avametra on May 26, 2017, 05:03:22 AM

Quote from: boyptc on May 26, 2017, 03:16:54 AM

Quote from: eann014 on May 26, 2017, 01:57:28 AM

Cash is better than bitcoin? I think there is only one thing, because we can give the money directly to a person or to a store if we want to buy things. But bitcoin is also good because if they don't know your account it will not steal of anyone so always secure your account.

There's no way to steal your bitcoin unless you will let someone know it. I won't compare cash to bitcoin as they are both useful to me. But when it comes to usage, cash is still useful as most of the stores are not aware of what bitcoin is. So there's no need for you to compare and choose what's better, they are both.

Bitcoin and cash in general can not be compared. Bitcoin now has more advantages than cash. Its price grows, and cash does not increase.

Yes, they can not be compared, because they are in different directions and will constantly complement each other. Only cash can do without the Internet as opposed to digital.

Eternu

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Well for now Fiat currency is strongest of all currency out there. It has been used for a long, long time, and it will be used for quite some time in the future. Electronic way of paying is still new in some countries, and its been growing, which is good, i think it is part of progress. But who knows if cash will survive in future, i do not think that it will. Electronic way of paying is the future.

Pattart

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Quote from: batang_bitcoin on May 20, 2017, 10:42:52 PM

Quote from: ipungadhi on May 20, 2017, 10:39:08 PM

Quote from: Sifat33 on May 18, 2017, 05:04:30 AM

Chash is better than Btc because cash is real world mony not virtual mony.And Bitcoin is virtual mony.Cash aallow every place.But Bitcoin not allow every place.

That's why people prefer to use cash rather than using bitcoins. Because bitcoin has not been widely accepted in society. So people prefer to use cash

Cash is better than bitcoin with this way. But I know that one day digital money is going to become better than cash. As the technology is upgrading the financial system will be upgraded too. And if that happens that will be the start of crypto currency to become recognized by the people as better medium.

I agree with you guys. Cash is still mastered and used because only with cash people can do spending. When in the future bitcoin or digital currency start much accepted. I'm sure people will start using digital money

matuson

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Quote from: Seville on May 26, 2017, 03:29:26 AM

bitcoin is too hard to use for the average person.. i think thats the major stumbling block

This is true, but it seems to me that the main reason is that on a psychological level, people should be able to see and feel what he has. This creates the illusion of security from the fact that he will not lose his money. I am sure that if there were a cash of bitcoin it would spread faster, but so far it does not meet the concept of crypto currencies.

Avametra

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Quote from: boyptc on May 26, 2017, 03:16:54 AM

Quote from: eann014 on May 26, 2017, 01:57:28 AM

Cash is better than bitcoin? I think there is only one thing, because we can give the money directly to a person or to a store if we want to buy things. But bitcoin is also good because if they don't know your account it will not steal of anyone so always secure your account.

There's no way to steal your bitcoin unless you will let someone know it. I won't compare cash to bitcoin as they are both useful to me. But when it comes to usage, cash is still useful as most of the stores are not aware of what bitcoin is. So there's no need for you to compare and choose what's better, they are both.

Bitcoin and cash in general can not be compared. Bitcoin now has more advantages than cash. Its price grows, and cash does not increase.

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