Why Cash is better than Bitcoin. - page 133.

Xester

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Quote from: Souldream on May 15, 2017, 10:13:38 PM

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

because they can touch and hold it, people only believe when they saw it literally,as what they have been said, to see is to believe. we cannot blame them for not having an interest on it, just tell them to try bitcoin and show them proofs as well.

Both bitcoins and fiat currency or money have their own strengths and weaknesses. While money can be used on the parts of the country without internet and electricity bitcoin can cross the border and can be used in any country. But the point here is that bitcoin and money can complement each other and bitcoin will give the aid to money so users can make transactions around the globe and money can aid bitcoin so that the users can purchase things outside internet access areas.

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Quote from: Souldream on May 15, 2017, 10:13:38 PM

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

because they can touch and hold it, people only believe when they saw it literally,as what they have been said, to see is to believe. we cannot blame them for not having an interest on it, just tell them to try bitcoin and show them proofs as well.

It is true that people have more faith in something that they can hold physically and that is only possible with cash and that is the reason they don't have faith in bitcoins and hesitate to get into and even the acceptance of cash is higher in compare to bitcoins at a moment.

Souldream

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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

because they can touch and hold it, people only believe when they saw it literally,as what they have been said, to see is to believe. we cannot blame them for not having an interest on it, just tell them to try bitcoin and show them proofs as well.

MissGrey

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Quote from: GetClams.com on May 14, 2017, 05:25:38 PM

Quote from: MingLee on May 14, 2017, 01:21:11 PM

Quote from: GetClams.com on May 14, 2017, 01:15:30 PM

With 1000% inflation in Venezuela, I don't think they care about transaction fees. They have other problems to deal with.

That's an understatement. They have to care about basically everything needed to live right now and there is next to no wealth building potential for them since their country is failing to get necessities of life to them.
At this point the rioting is justified because the Venezuelan government is failing to perform its function and it will rapidly experience social decline until the current governor is replaced.

Somebody needs to create some bitcoin based money making business opportunities specifically for those types of situations. If its done correctly Crypto could spread like wildfire.

If someone creates something that works correctly it would facilitate the purchase of things to many people in Venezuela. Most of the purchases in Venezuela are paid for POS, because payment in fiat of something it would be like carrying a briefcase of money everywhere.

But for the moment in this country, we have to think how to get out of the current government before anything else.

SHAWN-MIDWAYS

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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

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Quote from: HEWRA on May 15, 2017, 09:47:27 AM

i think that cash is much better than bitcoin, because you can pay with it anywhere you want: even in the internet, just by using bank transfer system or some other kind of payment proccesor.

i think cash is much better but only those areas where the use of bitcoin is not common and people cannot use it in local shops. but for so many other reason bitcoin is a good investment. as n Brazil there are dozens of shops who are accepting bitcoins for shopping, so there you even do not need to change your bitcoin in to local currency and you can use it for purchasing thing.s

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Quote from: HEWRA on May 15, 2017, 09:47:27 AM

i think that cash is much better than bitcoin, because you can pay with it anywhere you want: even in the internet, just by using bank transfer system or some other kind of payment proccesor.

in fact cash is better only in such areas, where the users of bitcoin are not more, where people do not know much about bitcoin where people do not have practical use of bitcoin. but in such areas where people know the importance of bitcoin there people give preference to bitcoin instead of cash.in fact in future the payment method will be online only. people will be transferring money from one place to another place using bitcoin. in future people may also use bitcoin for shopping in local shops.

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I prefer to use Bitcoin when I purchase something online. I prefer to use Bitcoin not because I am too lazy to go to a Bank and deposit money, it’s because using Bitcoin is a really new method of paying for something and paying with regular cash is a little bit boring.

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Quote from: giletto on May 15, 2017, 11:48:55 AM

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

Bitcoin may be still young but we are seeing on how fast it is growing and on how big is the demand of it right now.

People are not considering even though bitcoin is still young as long as it is giving them good benefits it really doesn't matter.

But I got your point about getting some more time.

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Money brings money and opposite is also true .If money doesnt cost money, that's not true, both ATMs and credit cards need a fee,so bitcoin transactions also need miner's fee.In regular life you spend more cash than btc transactions.Use cash for day to day expenses. I dont consider bitcoin as a form of my daily transaction. You need to wait for confirmations on transactions.Starbucks say, we accept bitcoin as payment method but waht about transaction fee, speed and double spend??? Transactions through bitcoin take time,but cash will always be there in the market and this more "traditional" way to purchase things. If you are going to decide or to choose bitcoin over fiat you may choose fiat more than bitcoin.It is totally depend on yourlocation/country. Just spend fiat,hold bitcoins for future perspectives. I prefer to have bitcoin as an investment for long term.

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Quote from: giletto on May 15, 2017, 11:48:55 AM

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

Agreed ask the question again in 10 years. After the USD is no longer the global reserve currency.

giletto

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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

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Yeah cash works better for transactions, bitcoin currently is only good as an asset, its an investment like anything else whereas cash is guaranteed to lose value over time.

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Quote from: Rinder on May 15, 2017, 10:11:49 AM

Fiat has improved a lot, the card are just a proof, people dont like to walk in the street with a big ammount to purchase a new tv or computer, soo cards had improved the fiat service. Bitcoin has a lot road to improve, but besides being a currencie as well a store of value, you can pay with it, until the coin doesnt upgrade it will be something hard to work with, but lets see others altcoins that are into the market with short time between confirmations and almost no fee, look at doge.

Thats technology which is enhanced not the fiat. It is a credit not your own money which is in there. Banks just made you a plastic card so that you will spend more whenever you feel like spending it like when you are in the mall.
That is like an instant loan which is not good for people. I have seen a lot who have their salaries almost spent out just paying the dang plastic card.
There will be no more upgeade with fiat. It ends with a physical trading system.
Bitcoin have a lot to offer and it is just starting.

iluvpie60

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Cash isnt better. Merchants have to pay huge fees for armored cars and cash drop off and pick up. Vaults. Usually cash costs more than credit card fees

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Quote from: Rinder on May 15, 2017, 10:11:49 AM

Fiat has improved a lot, the card are just a proof, people dont like to walk in the street with a big ammount to purchase a new tv or computer, soo cards had improved the fiat service. Bitcoin has a lot road to improve, but besides being a currencie as well a store of value, you can pay with it, until the coin doesnt upgrade it will be something hard to work with, but lets see others altcoins that are into the market with short time between confirmations and almost no fee, look at doge.

First of all its not Fiat that improves its everything around it that adapts. What I mean about that is Fiat Currency is just a normal currency that is a medium of exchange for all people its what revolves it that change particularly banks are the ones who adapts the most, from credit cards, debits cards to loan payments they will do anything to make the flow of cash be fast for both the consumers and sellers. Fiat Currency is the one who benefits the most of what the banks did.

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I don't think that Bitcoin is better than Cash, if you consider its availability, acceptability and credibility then I strongly believe that Cash would be better than Bitcoin.
Bitcoin should be developed and created much credibility and availability then it would be better than Cash.

Rinder

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Fiat has improved a lot, the card are just a proof, people dont like to walk in the street with a big ammount to purchase a new tv or computer, soo cards had improved the fiat service. Bitcoin has a lot road to improve, but besides being a currencie as well a store of value, you can pay with it, until the coin doesnt upgrade it will be something hard to work with, but lets see others altcoins that are into the market with short time between confirmations and almost no fee, look at doge.

HEWRA

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i think that cash is much better than bitcoin, because you can pay with it anywhere you want: even in the internet, just by using bank transfer system or some other kind of payment proccesor.

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Quote from: kpcian on May 15, 2017, 09:32:08 AM

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.

Cash is well established and that is why cash is better than bitcoin. Bitcoin is just on its starting point where bitcoin is trying to take everybody's attention so it can get a lot of investor and additional volume so bitcoin will be able to be widely accepted as well as cash but overall, cash is still better.

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