Why Cash is better than Bitcoin. - page 146.

paul gatt

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Quote from: Watershin on May 08, 2017, 08:02:43 AM

Right now cash is better than bitcoin in my eyes as the transaction fee is going higher and higher.
As compared to cash in which there is no fee for buying goods at all.

I think now money is better for human life, and the future is the same. Bitcoin can not replace cash, it can only help deal with underground transactions, which in order to avoid government intervention and reduce the amount of tax. Cash exists as an indispensable which human need

Sundark

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Sex Video Chat VKcams.com - it seems that you're from Russia and still like Ruble more than BTC?

Ruble is probably one of the most unstable fiat money around. I found some examples for you to chew on:

- Russian currency collapses: rouble trouble http://www.telegraph.co.uk/news/worldnews/europe/russia/11297939/Russian-currency-collapses-rouble-trouble.html
- Russia's Economy Is a Mess — and Its Problems Aren't Going Away https://news.vice.com/article/russias-economy-is-a-mess-and-its-problems-arent-going-away
- Russia's currency collapses to lowest level ever http://money.cnn.com/2016/01/20/investing/russia-ruble-record-low/

and so on...

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Quote from: susila_bai on May 08, 2017, 07:56:16 AM

Quote from: Dudeperfect on May 08, 2017, 07:49:00 AM

Quote from: Sex Video Chat VKcams.com on May 08, 2017, 06:02:55 AM

Quote from: Dudeperfect on May 08, 2017, 05:53:32 AM

to be 'worthless piece of paper' from midnight: PM Modi

Tell us, if there are limits in depositing those money for legit sources of money at banks or postal offices in India.
What was black market exchange rate for such bills?

I was within the limits of such described amount so I don't have any idea of the rate on the black market. I think we should focus on legit sources and in that sense, any unaccounted bill was absolutely worthless beyond defined limit.

I read stories that people have actually thrown away their money in the river, public dustbins without exchanging it in the black market and it should be enough indicative that what level of risk was associated during that period.

What you are telling is the people who are having actually duplicate fiat currency which they cannot exchange they only destroyed the fiat currency balance who ever had the real fiat currency have exchanged it to new currency with legally or illegally. So dont believe in rumors of people destroying fiat currency as that is fake news.

NOPE..

The people not only thrown fake currencies but also REAL currencies (earned from illegal activities) for which they didn't have any sources to show were thrown in the river.

* Demonetised Rs 1,000 banknotes found discarded in Ganga | Hindustan Times.

* In River Ganga now, there are notes of Rs 500, Rs 1000 flowing: PM Modi in dig at hoarders | The Indian Express.

* Discarded Rs. 1,000 notes retrieved from garbage dump in Pune - The Hindu.

You wouldn't find any fake news on multiple sources unless it is paid news.

kidoseagle0312

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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 with cash we can use it everywhere we go, whether in public places, neither in any transportation vehicle passengers. Unlike in atm it is not capable to do it but the money does.

Watershin

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Right now cash is better than bitcoin in my eyes as the transaction fee is going higher and higher.
As compared to cash in which there is no fee for buying goods at all.

naughty1

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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

In fact, we find that bitcoin is convenient with fast transactions, however, it is only handy in international transactions and underground transactions. In our lives, the full use of bitcoin technology deals is a great deal of hassle, whereas cash makes it quick and easy to trade goods, especially we do not take any timeout for payments.

susila_bai

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Quote from: Dudeperfect on May 08, 2017, 07:49:00 AM

Quote from: Sex Video Chat VKcams.com on May 08, 2017, 06:02:55 AM

Quote from: Dudeperfect on May 08, 2017, 05:53:32 AM

to be 'worthless piece of paper' from midnight: PM Modi

Tell us, if there are limits in depositing those money for legit sources of money at banks or postal offices in India.
What was black market exchange rate for such bills?

I was within the limits of such described amount so I don't have any idea of the rate on the black market. I think we should focus on legit sources and in that sense, any unaccounted bill was absolutely worthless beyond defined limit.

I read stories that people have actually thrown away their money in the river, public dustbins without exchanging it in the black market and it should be enough indicative that what level of risk was associated during that period.

What you are telling is the people who are having actually duplicate fiat currency which they cannot exchange they only destroyed the fiat currency balance who ever had the real fiat currency have exchanged it to new currency with legally or illegally. So dont believe in rumors of people destroying fiat currency as that is fake news.

Dudeperfect

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 06:02:55 AM

Quote from: Dudeperfect on May 08, 2017, 05:53:32 AM

to be 'worthless piece of paper' from midnight: PM Modi

Tell us, if there are limits in depositing those money for legit sources of money at banks or postal offices in India.
What was black market exchange rate for such bills?

I was within the limits of such described amount so I don't have any idea of the rate on the black market. I think we should focus on legit sources and in that sense, any unaccounted bill was absolutely worthless beyond defined limit.

I read stories that people have actually thrown away their money in the river, public dustbins without exchanging it in the black market and it should be enough indicative that what level of risk was associated during that period.

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Quote from: molsewid on May 08, 2017, 06:39:54 AM

Lol you can't use credit card without fee you wouldn't know that there are hidden fees also banking when you are about to withdraw your money there always fee

Here we are at the same dot - You consider as money the Cash and someone need it, explain - why.

Tyrantt

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Need some spare btc for a new PC

To be honest, I don't really know if I'd like to see bitcoin implemented as a payment option for small transactions like around 5$. I see it more being as stocks for people to invest in, rather then the option for small transactions.

molsewid

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Lol you can't use credit card without fee you wouldn't know that there are hidden fees also banking when you are about to withdraw your money there always fee banks need fees that why they living that long also they needs our money to invest it from other country fyi cash are common all over the world wait for it that bitcoin become second currency that can use to shop online too.

lol3c

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Cash is more common than Bitcoin and that is the reason why many people use cash. moreover, you can not expect many people to understand this new technology in one day. Not only that, many countries are still very poor and I doubt that they can buy enough computer to use Bitcoin

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Hypnosis00

*you need a lot of things to have a legal money
- Tell us, what You do to buy Food.

*Also, in bitcoin you don't need to expose your personal informations and that is what i like because it is additional layer for security.
- Some BTC Address can be easily associated with a physical person in 3 clicks.
With cash the investigator can only suck in 99,99% of cases.

In USA is the alldays use to stop cars for cash searching.

Hypnosis00

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I don't think cash is better than bitcoin because bitcoin is so advanced for being a money and bitcoin is digital and easy to access unlike cash that you need a lot of things to have a legal money. Also, in bitcoin you don't need to expose your personal informations and that is what i like because it is additional layer for security.

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Quote from: Dudeperfect on May 08, 2017, 05:53:32 AM

to be 'worthless piece of paper' from midnight: PM Modi

Tell us, if there are limits in depositing those money for legit sources of money at banks or postal offices in India.
What was black market exchange rate for such bills?

Zicadis

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Dump it!!!

* Atm cash will be better to use in the sense that everyone will accept it as a mode of payment despite it been more exposed to counterfeit.
* You do not have to go through exchange risks like btc but its not foolproof from scam artists.
* If you keep your cash with a bank its easy to get an overdraft with them which you can't do with btc,its all about cash and carry.

Dudeperfect

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 02:42:08 AM

Quote from: Dudeperfect on May 08, 2017, 02:33:30 AM

* Value is determined by the government. If the government says the currency note you are holding is paper then it's just a paper, doesn't matter if $10 is written on it or anything like that.

In what country?
Even in DPRK it exist not.

Rs 500, Rs 1000 notes to be 'worthless piece of paper' from midnight: PM Modi.

Do refer this topic too,

India Bans Its Largest Fiat Currency Notes.

Faiyz

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Dijual

For me btc is better because only the transaction fee is your problem but i dont see it big deal enough to hassle the transaction. it may be true that today, blockchain is having problems but that is just maintainance problem. plus u can convert btc into fiat so its just the same

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

Bitcoin as payment seems annoying.

People like to evade the annoying things, it's 100% natural.

Immakillya

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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.

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