Why Cash is better than Bitcoin. - page 138.

CraigWrightBTC

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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

bitcoin is terrible for ransomware payments... "pay my ransom in funds that can be tracked on a public ledger"
still there are many issues related bitcoin, so for right now cash is better than bitcoin,
if we want use for daily transaction but bitcoin is good place for save values of whealty due to bitcoin's price
will be expensive in the future.

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Quote from: ahmia39 on May 11, 2017, 12:46:57 PM

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.

Yes unfortunately the governments will not accept bitcoin as money because they can not take control
bitcoin cash is better than bitcoin because the peoples around the world,
they don't know about bitcoin if many people know that bitcoin can protect our money from inflation
will many users of bitcoin use it for payment method.

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Quote from: ecnalubma on May 11, 2017, 08:57:14 PM

In my opinion cash is still better than bitcoin, If doomsday strikes and worldwide black-out happens bitcoin is doomed. Grin

Yeah, prepare for the worst... but not entirely.
If doomsday comes and there will be such a huge cataclysm that we will have no power I doubt anyone will take payments in cash .. or gold .. or any kind of other payments other than a gun in their mouth.

That if we do survive...
Most of the surviving people will feel bad for making it alive, not happy that they own a few dollar bills.

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Quote from: ahmia39 on May 11, 2017, 12:46:57 PM

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.

So if your first and main objective is to have regulated payment method then bitcoin will be your last choice. Just stick to fiat money.

Quote from: batang_bitcoin on May 12, 2017, 07:02:07 AM

Hmm, ATM, credit cards and everything that is being offered by the bank is not for free, they are not going to operate just to give people free service.

Actually it is free service, in a sense that you are not paying money for your bank account or debit card.
Here is what the deal with banks look like: you deposit money in your bank and they can use that money to do whatever they want, most likely invest it.
In return bank allows you to access your account and withdraw money whenever you want.

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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

Hmm, ATM, credit cards and everything that is being offered by the bank is not for free, they are not going to operate just to give people free service. And what do you mean by exchange risk? Even in cash there is a risk because most of the robbers when people seeing holding cash, it is shining bright to their eyes.

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Quote from: ahmia39 on May 11, 2017, 12:46:57 PM

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.

Thats right dude. The key because more cash is received than bitcoin. So cash is better than bitcoin. But if bitcoin is also accepted by all merchants. Of course I'm sure people would rather use bitcoin

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Quote from: dmamigo on May 10, 2017, 01:54:15 PM

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.

Both have advantages and disadvantages of each, cash can not be used to buy goods online. And bitcoins can not be used to buy stuff offline. Both of which have their own powers and strengths

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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

Thats what you have said is just an illusion.

* Cash is to be abolished. So yeah it will be not only offline but off grid lol.
* You pay enourmous amount of fees for a banking personel. A lot more than you pay for miners. You just dont see the difference because its involves inflation
* Vice versa
* Confirmation time of a cash might be instant but the electronic cash takes ages to confirm. Its long confirmation time is very abusable by the hackers. You just do not see the confirmation time because a third party like VISA takes the risk on your behalf.
* every day there is another bank that fails and need to consolidate with the bigger one. Its just when it crashes it will be huge.
* Because they are used to it.

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Quote from: ahmia39 on May 11, 2017, 12:46:57 PM

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.

that was not a good logic statement . when government accept bitcoin officially , what do you think will happened later? a regulated one? i don't think so , it might gain public trust about how bitcoin could work in their daily lives , but won't change the greedy government nature.

they will do anything to take benefit from bitcoin like to take a tax which i think won't happened. bitcoin still better than cash now or later.

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The mainstream acceptance and backing of governments are primarily what set cash apart from bitcoin. You can just easily carry cash wherever you go and buy whatever you want with it and your transactions would go through even by the mere exchange of goods and services without the need for any internet connection.

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I think because all people and place accept cash, if all people use cash then they prefer cash compared bitcoin that not everyone uses even know.

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Quote from: ecnalubma on May 11, 2017, 08:57:14 PM

In my opinion cash is still better than bitcoin, If doomsday strikes and worldwide black-out happens bitcoin is doomed. Grin

As of today cash is better than bitcoin, but if they approved bitcoin as one of payment methods it will become better than cash, it is more convenient than bringing cash everytime you go around. Bitcoin as payment method is more better and easy to handle,its just like you have your own credit card and you only have to do is to click, send money and then you have it. No need to withdraw, and no one will know how much you carry.

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Quote from: Inkdatar on May 11, 2017, 08:38:04 PM

Quote from: ipungadhi on May 11, 2017, 05:18:39 PM

Quote from: dmamigo on May 10, 2017, 01:54:15 PM

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.

I think for now it seems bitcoin can not be better than cash. I admit it. Because we still have difficulty to shop like using fiat. Maybe in the next few years bitcoin can match cash

Nowadays, bitcoin is become popular in any countries but we have to admit it bitcoin users will prefer to use cash. Cashout into fiat because no merchants yet that accepting bitcoin in exchange of goods and services. Still cash is being the currency that is use world wide.

Though cash is being given priority due to its increased acceptance and ease of using for large volume transactions bitcoin is preferred by certain users. The same with cash is simply hard and need to follow several stepped processes for the same and the charges too will be high.

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In my opinion cash is still better than bitcoin, If doomsday strikes and worldwide black-out happens bitcoin is doomed. Grin

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Quote from: Inkdatar on May 11, 2017, 08:38:04 PM

Quote from: ipungadhi on May 11, 2017, 05:18:39 PM

Quote from: dmamigo on May 10, 2017, 01:54:15 PM

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.

I think for now it seems bitcoin can not be better than cash. I admit it. Because we still have difficulty to shop like using fiat. Maybe in the next few years bitcoin can match cash

Nowadays, bitcoin is become popular in any countries but we have to admit it bitcoin users will prefer to use cash. Cashout into fiat because no merchants yet that accepting bitcoin in exchange of goods and services. Still cash is being the currency that is use world wide.

Yes, sure, people still prefer to use cash than bitcoin. Because cash is indispensable to everyone. So, although bitcoin is constantly evolving and powerful, but it never replaces cash, it exists in parallel with cash.

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Quote from: ipungadhi on May 11, 2017, 05:18:39 PM

Quote from: dmamigo on May 10, 2017, 01:54:15 PM

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.

I think for now it seems bitcoin can not be better than cash. I admit it. Because we still have difficulty to shop like using fiat. Maybe in the next few years bitcoin can match cash

Nowadays, bitcoin is become popular in any countries but we have to admit it bitcoin users will prefer to use cash. Cashout into fiat because no merchants yet that accepting bitcoin in exchange of goods and services. Still cash is being the currency that is use world wide.

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Quote from: dmamigo on May 10, 2017, 01:54:15 PM

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.

I think for now it seems bitcoin can not be better than cash. I admit it. Because we still have difficulty to shop like using fiat. Maybe in the next few years bitcoin can match cash

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Quote from: ahmia39 on May 11, 2017, 12:46:57 PM

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.

It's weird how you look at things to figure out which one is the better of the two. I look at all functionalities from both cash/fiat and Bitcoin to make out which of the two suits me better in what situation -- because the situation matters too. If I look at local shopping, then cash/fiat obviously takes the advantage here. But if I look at transferring money from one place to another, Bitcoin absolutely outshines cash/fiat. And so there are more of these comparisons that matter....

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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

same question 50 years ago before plastic money

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Quote from: btvlGainer on May 09, 2017, 08:25:50 AM

Money can be used anywhere in the world without the Internet, and bitcoin only in the presence of the Internet and then not all countries accept payment using bitcoin.

But bitcoin is also money. If you don’t accept it as money then you are making mistake. There are several forms of many and the Bitcoin is one of them known as the digital currency. Adding to this, by definition it can be said that the bitcoin is money but we have governments who manipulate the words and making the confusions for the people whether to call it money or not.

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