Topic: Why Cash is better than Bitcoin. - page 145. (Read 99345 times)

Cash also has limitations and incurs taxes. You can't transfer cash to another account internationally without paying fees and comparing it with a virtual currency like bitcoins doesn't make sense. Bitcoins can be redeemed for cash and can also be transferred online. Offline transactions are limited as well. Cash is mostly used in cases of emergency but as I said, online transactions are better as you can't carry a large amount of cash if you need to buy an expensive product/s. You need to ultimately swipe your debit/credit card which again incurs fees. We have a limit of transactions at ATMs as well wherein more than 5 transactions makes us pay a fee of $2 per transaction.

Many are using Bitcoin as a store of value and couldn't give a shit about, exchange rates, buying food, bla bla bla. Neither do I and I have to say laughed aloud at your title. Based on your logic, cash/"printed paper'/slave currency is also better than gold even when the days are past it is backed by gold

Bitcoin is certainly a very good thing for such opportunities, but it's only on the net if you buy goods or pay some bills. But otherwise for a common person this will bring some difficulties.

A few rebuttals:
~ Credit Cards / ATM / Banks are not "offline"
~ Majority of the world's payment system is online and to convert those online money credits into cash almost always requires a fee...like when you take money out of an ATM
~ Bitcoin can be accepted for smaller denominations than fiat cash, and therefore is more fungible for purchases of any sort
~ There's days of waiting for the transfer of fiat money...and if I'm dealing in cash who I can pay or transact with is restricted to who I can physically contact
~ Exchange risk will always exist if there is more than one currency in existence
~ Understanding the value of payment will always exist if there is more than one currency in existence

Ohh, and cash can be destroyed so easily. Bitcoin can't be burned, dissolved in water, or cut into millions of pieces (where cutting makes the cash void)

yes, there are many difference between them, we cannot see or hold bitcoins, if we cannot withdraw it, we are earning also bitcoins but tool an hr or more with a big fee in every transactions that we made when we are withdrawing. there are many differences but one thing I can assure, is that both we can use it to pay our bills and to buy our foods. it both help us in pur needs.

People are using fiat and credit cards because for local shopping you need your local currency and it wont change for a very long time unless and until a company comes up with a business solution that would allow retail outlets to start accepting bitcoin,banks have transaction charges,so never say that it is fee to transaction money and try sending money abroad,you will know the difference is charges.

There are still some countries in the world that have not received about existence of bitcoin, that's what I think is a better cash factor than bitcoin. Especially in my place, no store receives bitcoin

Mmmm. some of your facts are wrong.

* Work offline 100%
(true, unless you use physical bitcoins)

* No fees.
(Banking is a for profit business that  YOU pay for. Participating in fiat costs you money. If you use a credit card, add another 3% + the risk to your identity. To get money via work you will also likely need a bank account, which will also cost. The fees may be hidden, but banks are very profitable and the profit is some of your money.)

* Accepted for Food Shopping & Micropayments
(I only use BTC to buy food/anything online. Local cash is better at micro-transactions and is accepted at far more local places. However bitcoin is the only currency accepter around the world.)

* 0 confermations time
(A credit card take 3 days to one month to complete. You may not know this as the spender, but business owners know that the money is going to take a while to receive and the Tx could be illegitimate. Only bitcoin offers settlement within the hour. That or cash in hand, in person.)

* 0 exchange risks
(I have seen counterfeit bills, even been given them by the bank. But I have never seen a counterfeit bitcoin.  I have also received credit card payments that turned out to be fraudulent. Now if you mean getting the bitcoin with fiat, then I think you are right. Getting bitcoin can be fraught with danger from scammers.) 

* anyone is able to understanding of the value of payment
(Buying with bitcoin is a paradigm shift. The value of a BTC is not set by the government so price is much more flexible. That also allows dishonest sellers to jack the price via their rate. I just avoid bad deals and set my own terms.)

Bitcoin really goes well in performing banks work and activities, it provides us a way to monitored and control our bitcoin on our own same with making it grow more in value than when put in bank. The only difference is it is not yet convenient to use since it was not yet distinguish by any establishments.

Well, exchange risk isnt zero. When you use Bank payment sometimes it can be 3-4 days for confermation time to take.
The most reason of using BTC, it is that you can pay, send, exchange BTC with everyone, everywere. And it take not such a lot of time. Further more when you compare a time for a Bank Payment in anther Country... Its insane! And Fees is very high...

Cash yes, but not credit card which has fees as well.
Fiat money dominate the market over the world obviously, we know why.
It's official currency, legal payment issued by government.
For now, fiat money (cash) dominate and bitcoin has not been accepted in every city, only few merchants still accept bitcoin, nothing could compare to cash right now.

If You are Italian or resident in Italy, there is ban to pay in cash over €2999.
If You pay over 1000 they ask Your fiscal code and personal data to transmit to fiscal agency.
If You are not Italian and not EU resident You can pay in cash until €15000.

cash limitation law in Italy

Because at present, bitcoin hasn't been recognized as an asset that has exchange rates by government. So cash is better than bitcoin, in terms of function as a means of payment.

This is "the Monetary War", Russian Federation use the exchange rate for the own strategy.
I live in EU, not in Russian Federation.

Agree at this rate for now but when years pass no doubt bitcoin will pass the cash this time bitcoin is still now popular and we cant use it in many store and we cant use it like cash so not year valueable for how but we know that bitcoin have a high price and in the future it will pass the cash.

You can't be too sure about that .  If you looked at the history of money, As the time passes by humans medium of exchange which is money is constantly changing because it needs to adopt in the changing world, because there is a flaw .  With the booming success of our technology,  maybe our can become digitalized too but that might happen a thousand years or so .  Right now I have to agree that cash is better not because of its features but because it is in demand, it is what we use on our daily living .  And I must say that cash and bitcoin coexisting blends well right now .

Yes its true! but even the transaction fee was getting higher still the processing of bitcoin into real money is also getting faster it too, I think. Bitcoin was also considered as an assets either an investment business too.

Both were useful, both can be beneficial in different ways. Cash for instant spending in real establishments while bitcoin for faster online spending transactions. I think banning of paper money will never happen even bitcoin will be acknowledge in different countries.

The both have their pros & cons. Neither one should be scrapped nor abondom.
They could have invented Bitcoin for some evil globalists agenda. Imagine them banning paper money and forcing everyone to go cashless in other to have a better control of our destiny. Paper money can be hidden easily but not cryptocurrency. hence the invention crypo? Let's not hate one for the other.
Any move to ban paper money should be resisted. I love Bitcoin too but not foolishly

All the things that we do indeed have a risk, because there is no goodness will surely there is ugliness. One thing we have to Remember is the risk will never be lost because it was absolute risk existed first, Minimize the risk so that you can benefit. Because when you do this it will pop up a lot of things, it's always cutting edge strategies in order to benefit. Because when there is not a strategy then we do so different and ends in loss