Why Cash is better than Bitcoin. - page 143.

TheCoinGrabber

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Well, cash is considerably more liquid than bitcoin, can't deny that. I mean, there's still not a lot of businesses accepting bitcoins so most essentials we still need to pay with fiat. That would mean we would still have to wait for a few hours for the money to be sent to the bank. Even if bitcoins is accepted, we would still have to consider the confirmation time.

And if you have your fiat with you, physically, you don't have to worry about transaction fees. Maybe that's why some groups are pulling strings to get governments to stop using paper bills.

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johnwest

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Quote from: Betwrong on May 09, 2017, 12:11:26 PM

Quote from: ahmia39 on May 09, 2017, 12:02:17 PM

Quote from: xiboothrezi on May 09, 2017, 10:57:22 AM

Both currency are good, BTC good for online shopping and local currency good for offline shopping

Cash is better than bitcoin because cash is accepted by a shopping center or grocery store. In my country, i haven't been able to shop using bitcoin for my daily needs.

But can you take some time before going to a shopping center to exchange Bitcoins on the currency you need and after that go shopping? I really don't understand the problem here.

I think cash is better only if you for some reasons have no internet access.

Not just that but many shoppers stopped taking bitcoin because of the delay in the confirmations. There were 2-3 shops where Bitcoin used to be accepted in return for food. Now he accepts LTC and Ripple.

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Quote from: ahmia39 on May 09, 2017, 12:02:17 PM

Quote from: xiboothrezi on May 09, 2017, 10:57:22 AM

Both currency are good, BTC good for online shopping and local currency good for offline shopping

Cash is better than bitcoin because cash is accepted by a shopping center or grocery store. In my country, i haven't been able to shop using bitcoin for my daily needs.

But can you take some time before going to a shopping center to exchange Bitcoins on the currency you need and after that go shopping? I really don't understand the problem here.

I think cash is better only if you for some reasons have no internet access.

ahmia39

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Quote from: xiboothrezi on May 09, 2017, 10:57:22 AM

Both currency are good, BTC good for online shopping and local currency good for offline shopping

Cash is better than bitcoin because cash is accepted by a shopping center or grocery store. In my country, i haven't been able to shop using bitcoin for my daily needs.

xiboothrezi

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Both currency are good, BTC good for online shopping and local currency good for offline shopping

nightxglow

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Well i'm quite agree with you.

* Work offline 100%
=yes. cash always work if we buy something offline, unlike bitcoin because as far as i know there's only some country and some place that accept btc, so in this point, cash is better.
* No fees.
=I think credit card has fees too? I can't really agree with this because well most transactions have fees.
* Accepted for Food Shopping & Micropayments
=like the first point, yes. i never heard someone buying pizza using btc. but some people buy coffee with btc though.
* 0 confermations time
=I agree. We don't need to wait when we use cash. Another advantages of using cash instead of btc
* anyone is able to understanding of the value of payment.
=not only the value of payment, but now most people even don't know what btc is. Meanwhile cash is more universal so no wonder if i think cash is better.

But we don't know maybe in some years bitcoin will be well-known and even surpass cash? I'm not quite sure about it though.

panganib999

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Quote from: Immakillya on May 08, 2017, 05:31:08 AM

For now cash still the best choice of people since we can't buy anything on bitcoin because only few shop or market are accepting bitcoin. The only choice to use bitcoin is to convert it to cash so we can spend bitcoin thru converting to cash. Its also the fastest way of payment. Bitcoin as payment seems annoying. You need address to send payment and ofcourse you need to pay for fee.

The power of bitcoin is always dependent to the specific country where you going to used bitcoin. Because legal issue and the stock of bitcoin may varies on the specific variable such as government and law. If you are going to decide or to choose bitcoin over cash/fiat you may think or choose fiat more than bitcoin because of the transaction and the acceptance development on your country. But for me, here in my country the users can make out of bitcoin more because we have a wallet called coin.oh where I can buy load, pay bills or even convert for other transaction so for me I prefer bitcoin more because it makes transaction easy and reliable.

Soul Reaper

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No, cash is not better than bitcoins because of the transection and the logistics involved in it.
Also, the cash is seen as very readily available source of transection since centuries.
So, we have a mindset of treat it as the easiest mode of trading.
The cash has universal acceptance.
Since, it is currency promoted by legal and constitutional provisions, so there is a feeling of ease in handling it.

Daniel91

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Quote from: rajasumi3 on May 09, 2017, 08:08:19 AM

In developing countries where the literacy rate is low,cash is always preferred.Here people dont understand about digital payment through banks,then how can we expect that there would be advancement in bitcoins.It is quite evident to say that cash will always be there in the market and there is nothing we can do to stop it.

It's not just the case for developing countries but also for many older people.
They are afraid even to buy something over Internet or to use Internet banking.
So, if people are afraid to move and start using Internet for financial matters, shopping, banking etc, there is no way they will accept bitcoin.
So, for them cash will always be the best and the only safe option.
For young people situation is completely different and I'm sure that gradually they will use much more bitcioin than cash.

btvlGainer

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Quote from: stompix on May 09, 2017, 08:19:11 AM

Quote from: HanSchultz on May 09, 2017, 06:59:08 AM

Quote from: AK47- on May 09, 2017, 06:54:35 AM

Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

Hope you have heard about bitcoin debit card and ATM machines,you do not need internet all the time to spend bitcoin,times are changing and hopefully it will be part and parcel of everyone's life in the future.The scaling and adaptability is a big issue,hope we will find a solution for that too.

Really, and how do you think ATM and bitcoin debit card function? Over electromagnetic reptilian waves?
You currently need internet all the time to spend bitcoin.

The only solution would be to trade in paperwallets worth each 10 mbtc , but that's .... cash

.

Quote from: zidanw on May 09, 2017, 08:03:16 AM

Cash is set as a legal currency even in developed countries like America, as many 40 percent of citizens still use cash.
Cash can't be hacked and bitcoin can be hacked one of my friends bitcoin wallet has been hacked.

Use your brain!
Cash is not a currency.

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.

YuginKadoya

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YuginKadoya

*What?
- You are free to show to anyone how You use bo buy eggs or bananas.

*do you really know what you are really saying right there? credit cards have fees too, transaction fee is needed so they can surely earn from using their service you just not felt it but it always have fees, and before using your credit card there is some confirmation that needs to settle first when I use it to purchase an appliances,
- One day i become a bottle of German Beer for free only for reason not pay other transaction after be billed for some food and trying to pay forgotten beer. Other day for paying caffe i used to ask be billed for caffe and transacton, ant it worked, In other place i failed to become caffe even i offered to be billed for the transaction fee (It was very sorprising for the operator).
For offline CC processings there are some options, and BTC have 0 such options.

* cash can be accepted to purchase food shopping but sometimes credit card is not accepted in certain purchase, and of course anyone can surely understand how fiat money works is it the most use by you and certain people you know, and bitcoin however is not a well known currency and because it is harder to understand it is not accepted that much, but give it a time to teach yourself in using it and you can surely know what you are missing!
- Show me someone who accept BTC for diesel or Benzene.

I'm switched to payments in Euro, i prefer the electronic mode, and some places are still accepting only cash.
For example - the nearest 2 food shops are accepting no Credit Cards, and this is the European Union.

Well sorry for the improper use of "," in some words, it got mess up a little bit and just like you have said in my explanation about cash and credit cards I may scramble some words but what I am trying to say is just like what you have posted here you fixed it very well, I am just elaborating the very significant use of cash and credit cards

And if you are asking me how I buy egg and banana, that is very simple because I am using cash like the rest of the people, and I think credit card has a very limit in it's usage not like cash, and I can use my bitcoin on a specific wallet that let's me withdraw it by a Cardless transaction.

stompix

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Quote from: HanSchultz on May 09, 2017, 06:59:08 AM

Quote from: AK47- on May 09, 2017, 06:54:35 AM

Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

Hope you have heard about bitcoin debit card and ATM machines,you do not need internet all the time to spend bitcoin,times are changing and hopefully it will be part and parcel of everyone's life in the future.The scaling and adaptability is a big issue,hope we will find a solution for that too.

Really, and how do you think ATM and bitcoin debit card function? Over electromagnetic reptilian waves?
You currently need internet all the time to spend bitcoin.

The only solution would be to trade in paperwallets worth each 10 mbtc , but that's .... cash

.

Quote from: zidanw on May 09, 2017, 08:03:16 AM

Cash is set as a legal currency even in developed countries like America, as many 40 percent of citizens still use cash.
Cash can't be hacked and bitcoin can be hacked one of my friends bitcoin wallet has been hacked.

Use your brain!
Cash is not a currency.

rajasumi3

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In developing countries where the literacy rate is low,cash is always preferred.Here people dont understand about digital payment through banks,then how can we expect that there would be advancement in bitcoins.It is quite evident to say that cash will always be there in the market and there is nothing we can do to stop it.

zidanw

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Cash always uses illegal currency even in developed countries like America, as many 40 percent of citizens still use cash.
Cash can't be hacked and bitcoin can be hacked one of my friends bitcoin wallet has been hacked.

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Quote from: hello_good_sir on May 08, 2017, 01:24:16 PM

Tell me please, what great, potentially revolutionary investments you can make thanks to the access to fiat?

You are not enough revolutionary, when You invest in food at the shop, You still use Cash.

AK47-

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Quote from: HanSchultz on May 09, 2017, 06:59:08 AM

Quote from: AK47- on May 09, 2017, 06:54:35 AM

Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

Hope you have heard about bitcoin debit card and ATM machines,you do not need internet all the time to spend bitcoin,times are changing and hopefully it will be part and parcel of everyone's life in the future.The scaling and adaptability is a big issue,hope we will find a solution for that too.

I have heard about it. But still not available in my country.

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Quote from: AK47- on May 09, 2017, 06:54:35 AM

Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

As quoted cash is better than bitcoin in some form, and bitcoin will be perfect on some form. It's good to use upon one's own necessity. At times transaction confirmation delay takes place. With cash we can avoid the unnecessary charges that were levied without any prior indication.

HanSchultz

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Quote from: AK47- on May 09, 2017, 06:54:35 AM

Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

Hope you have heard about bitcoin debit card and ATM machines,you do not need internet all the time to spend bitcoin,times are changing and hopefully it will be part and parcel of everyone's life in the future.The scaling and adaptability is a big issue,hope we will find a solution for that too.

AK47-

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Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.

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Quote from: Holliday on May 08, 2017, 01:34:50 AM

like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.

Many people in Venezuela have started using bitcoin. Many companies there accept it, and there even a very few number of companies that accept nothing else but Bitcoin. Most people in Venezuela have an internet connection (with their mobile phone), and that's all they need to use Bitcoin. It's a great advantage for people there. The government can't devalue it. And it can be sent very easily to people in Venezuela by friends and relatives living in other countries. At this time, it's only a small minority of the population using Bitcoin, and this is simply because most people don't even know about it (They don't know how to use it, and they don't know the advantages it would provide them).

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