It depends on the situation on where the transaction is going to get spent at. If the transaction is going to get spent online in order to receive a product online then it would be best that Bitcoin should be used for the transaction.
Cash would be useful only during an in person transaction because the process between the two is much faster than doing transactions with Bitcoin since the confirmation speed is not quite up there yet.
Topic: Why Cash is better than Bitcoin. - page 129. (Read 99328 times)
And USD should have reserves in gold.
Quote
Aug. 15, 1971, the Federal Reserve shut its "gold window," meaning foreign governments could no longer trade gold for dollars at the fixed rate of $35 an ounce.
http://www.slate.com/articles/business/moneybox/2011/02/end_the_fed_actually_maybe_not.html
http://www.slate.com/articles/business/moneybox/2011/02/end_the_fed_actually_maybe_not.html
At the moment bitcoin can not compete with cash because it has the backing of a central bank and other cash reserves.
and generally cash has the numbers to back it up unlike bitcoin which is made up of the minority numbers but in terms of investment cash is far behind to even compete with btc
Well yeah because of the reason that the cash is backed by the central banks and the economies of the countries with a centralized system is more trust worthy being secured by the reserves against it. Also its value is determined by some real assets on the other hand the BTC has no such guaranteed stuff to be on its back. Therefore the cash is preferred.and generally cash has the numbers to back it up unlike bitcoin which is made up of the minority numbers but in terms of investment cash is far behind to even compete with btc
+ if you can buy bread, car, house, lolipop... anything, with BTC doesn't it have guaranteed stuff to be on its back?
Cash is always going to be relevant, it's the easiest way to pay for small things, I don't want to go to a store, buy a pack of gum and have to pay in bitcoins unless in the future bitcoin becomes so normal that new forms of payment that are fast enough are implemented. I mean right now you can pay with your credit card for almost anything so the same could happen with bitcoin
Yes, now in many places it is simply unreliable for small purchases to do without cash and in the future they will also be needed as an alternative.
Cash is always going to be relevant, it's the easiest way to pay for small things, I don't want to go to a store, buy a pack of gum and have to pay in bitcoins unless in the future bitcoin becomes so normal that new forms of payment that are fast enough are implemented. I mean right now you can pay with your credit card for almost anything so the same could happen with bitcoin
in contrast to Digital money, no direct meetings between sellers and buyers
Will see how direct meetings (cam2cam) are working for online interactive chat video service?
Hey there, Bitcoin only existed on this planet for 9 years and you can not expect that it will be better than cash in a short term like that. It needs more time to improve itself and become a international digital currency
Yes I agree with you it surely needs more time I guess there still is a decade needed for it to be as popular as the cash or the fiat. The fiat is a centuries old system of the payments its roots are too much deep and people trust the cash more than the BTC. At first there is a very low number of the people who are used to the BTC it needs to increase for the purpose.True, cash has become a means of exchange or means of payment of absolute, legitimate, widely used, recognized by all people and all countries, has a value or price stable, effective, can be used in large and small transactions, and trusted. By everyone So why cash better, because people have used it from before, until now ,, and in my opinion this cash money will remain the main payment instrument used by humans, there are important with transactions using cash, in contrast to Digital money, no direct meetings between sellers and buyers, everything is done online, but with cash, sellers and buyers meet, they transact with mutual trust, can talk about many other things. And that's what I think is important, because we can socialize with others, .
There are many countries that don't accept bitcoin for technological or economical reasons, so bitcoin won't be the first payment choice there. Fiat is the only way for the bigger part of the world. It doesn't mean that cash is better, they're just not ready for bitcoin yet.
The possibility is the people there who are not ready to receive bitcoin as a means of payment in because bitcoin is not a cash currency, this is a digital currency, its use would be inconvenient for those who are unfamiliar with the world of the internet as in this present era
I think as a first country, you really need to know or use such digital currency, we arw in a digital era, where what we use and most of the things around us is digital, they make our life easier, the same as bitcoin and other digital currencies. The thing about the digital currency is, it is still not ready to be used globally, with the transactions having a lot of spams and traffics, it is really hard when many people do use bitcoin.
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
of course everyone who don't know about the Bitcoin cannot accept it because they don't understand the value of the Bitcoin .* 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
Here in the group about everyone is making hard work only for the Bitcoin , but at the end they sell it for the Fiat money .
Because we can use Bitcoin in anyways and also we don't need wait for the confirmation and transaction charge during offline deals .
And also everyone in the community where we live understand the value easily and also they don't need for Internet connection for the exchange of money for the service that they want or you want in deals .
But the privacy in the Bitcoin making the Bitcoin more useful than fiat for us .
I was talking about stealing from one persons wallet, it is not the same thing, every site can be hacked but you can not hack a wallet unless you hack a whole pc and find the private key. And you can steal cash even easier than hacking, like physical but Bitcoin can be only breached with hacking.
At huge desire it is possible and to pick up a secret key. In addition, now create a lot of virus programs and fake services that can copy your passwords and secret keys. This can be compared with safe hacking in real life.
but you can not hack a wallet unless you hack a whole pc and find the private key
$5 Thermorectal Decryptor even need only be nomined to apply for immediate release of all keys.
I will not publicize all ways how one can lose the control over keys.
There are ways to send someone for cash withdrawal at the Bank and he will remember nothing.
I was talking about stealing from one persons wallet, it is not the same thing, every site can be hacked but you can not hack a wallet unless you hack a whole pc and find the private key. And you can steal cash even easier than hacking, like physical but Bitcoin can be only breached with hacking.
There are many countries that don't accept bitcoin for technological or economical reasons, so bitcoin won't be the first payment choice there. Fiat is the only way for the bigger part of the world. It doesn't mean that cash is better, they're just not ready for bitcoin yet.
The possibility is the people there who are not ready to receive bitcoin as a means of payment in because bitcoin is not a cash currency, this is a digital currency, its use would be inconvenient for those who are unfamiliar with the world of the internet as in this present era
At the moment bitcoin can not compete with cash because it has the backing of a central bank and other cash reserves.
and generally cash has the numbers to back it up unlike bitcoin which is made up of the minority numbers but in terms of investment cash is far behind to even compete with btc
Well yeah because of the reason that the cash is backed by the central banks and the economies of the countries with a centralized system is more trust worthy being secured by the reserves against it. Also its value is determined by some real assets on the other hand the BTC has no such guaranteed stuff to be on its back. Therefore the cash is preferred. and generally cash has the numbers to back it up unlike bitcoin which is made up of the minority numbers but in terms of investment cash is far behind to even compete with btc
Hey there, Bitcoin only existed on this planet for 9 years and you can not expect that it will be better than cash in a short term like that. It needs more time to improve itself and become a international digital currency
Yes I agree with you it surely needs more time I guess there still is a decade needed for it to be as popular as the cash or the fiat. The fiat is a centuries old system of the payments its roots are too much deep and people trust the cash more than the BTC. At first there is a very low number of the people who are used to the BTC it needs to increase for the purpose. 
Cash is better if you don't have choice to pay the seller for something that you want to buy. But if you are going to transact with bitcoin I would say that you can save some bucks from it because it is only charging cheaper fees. In return of it, you can still have enough savings for it.
In terms of secured measure then Bitcoin is better than Cash, but if you want to compare with Cash with Bitcoin then I have some point to discuss, in terms of availability, acceptability and credibility then I strongly believe that Cash would be better.
In many of the eve I have a reason to say that the cash is better than the Bitcoin. I guess for any petty activity cash works better if you are shopping and you have to pay on the spot cash is easily acceptable in such conditions or if you go to a restaurant and have option to pay cash or the BTC I guess the BTC will not work there and the cash can be easily be a mean of exchange.
Cash = faster transactions and requires a social interaction for the transaction to commence in order to receive the product of choice.
Bitcoin is different, people prefer it because they can order stuff online though the transactions have a risk of really slow confirmations.
The comparison between cash, gold and Bitcoin is really out of the picture because cash could be used for pretty much every item that you see online and offline. Bitcoin is just computer dust that a bunch of old-timers put a price on.
Bitcoin is different, people prefer it because they can order stuff online though the transactions have a risk of really slow confirmations.
The comparison between cash, gold and Bitcoin is really out of the picture because cash could be used for pretty much every item that you see online and offline. Bitcoin is just computer dust that a bunch of old-timers put a price on.
Cash is only better than bitcoin if you will talk about the usage for daily basis because we can really tell that cash is the best because bitcoin is not that well establish to compete against bitcoin and cash is more capable than bitcoin on a daily basis.
Not if you live in India or Venezuela. They are hating cash right now. That is a harbinger of what is to come globally.
like sending money to a long distance (the people who's in abroad) with lesser amount of fees
https://bitcointalksearch.org/topic/m.19076390
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