Topic: Why Cash is better than Bitcoin. - page 40. (Read 99340 times)
As bitcoin is a new technology, it is still a fresh concept to most of us. We don't know more about it yet, so we couldn't fully put our full confidence on it as well as to other cryptocurrencies existing in the market. Cash is better than bitcoin because we can hold it, we can touch it and we can spend it without going through the hassle of using our mobile phones and connecting to the internet. Most of all, we are already used to cash than bitcoin.
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
* 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
You pretty much gave it all. Cash is much easier to handle and together with debit/credit cards, online transactions are also a breeze. But the downside of cash is, it can be faked. And credit card can be used online with just the card# and 3-digit code at the back of the card, easily copied or memorized by a cashier.
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.
For now cash is better than bitcoin, but I'm sure someday bitcoin is better than cash, this is because government support bitcoin is very small even in banned when compared with cash which is legal currency.
It has pros and cons as of now.... cryptocurrencies (bitcoin) are penetrating countries little by little... I can say that Bitcoin si Better then Cash under its block chain system. Yes we need cash to but convert or get bitcoin but in the near future when it is fully accepted by the market/economy... we may find out what will be the next value of cash in the future..
In my opinion, cash is more popular Bitcoin. It is not better. When you hold cash, you will lose your money by inflation. But when you hold Bitcoin, you will get more money.
It seems to me that so far it is not worthwhile to compare bitcoin with real money, this is the same as asking what is better bitcoin or ether? Everyone has their own ways of applying which can not yet replace. Bitcoin is a crypto currency and it is comfort to use on online and fiat is better to use in open world.
Cash will almost always be king because it is an accepted form of currency literally almost anywhere. However, there are not a lot of places where you can pay with Btc. I have only seen one place. It was a sauna in Toronto that accepted Bitcoin.
Also speaking in favor of cash, the fees for making these or those transactions are more convinient, what I cannot say about Bitcoin
Cash will almost always be king because it is an accepted form of currency literally almost anywhere. However, there are not a lot of places where you can pay with Btc. I have only seen one place. It was a sauna in Toronto that accepted Bitcoin.
Also speaking in favor of cash, the fees for making these or those transactions are more convinient, what I cannot say about Bitcoin
ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't. I see no reason on why fiat is better than bitcoin.
You must be joking right?
Cash has no fees, the OP clearly meant paying for items in cash, such as buying water in a supermarket etc. To give someone your physical cash, you're not paying any fees for such an action and it's instantaneous. Unlike Bitcoin which can takes Days to send and sending them requires a sizable $ fee if you don't want to wait months(lower the fee the longer it takes)
Cash and other physical currencies have much more usefulness than Bitcoin.
Traditional currencies have system that is established long time ago, and for that
reason usefulness is much higher. Bitcoin is something new, different system that
can help us in economy, money distribution, and one of the most important things
transparency.
I do not care where do you spend your money, I care where my city and my government
spent money from taxes. I care about inflation and who is responsible for higher
cost of living. Many things can be better arranged with crypto-currencies.
Its because you can buy everything using cash because it is accepted everywhere and also you can only use cash to buy you daily needs and expenses but in bitcoin only few accepts it because not all the people knows it but.You can use bitcoin in your as payment using your bitcoin wallet but its selected only not like cash.I hope that someday bitcoin can be use in all transactions and also can be use in our daily expenses so that we can have a cashless society that is far from thiefs and snatchers.
like Venezuela!
Show me, how BTC is used there for food shopping, seems it exist not.
ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't. I see no reason on why fiat is better than bitcoin.
You must be joking right?
Cash has no fees, the OP clearly meant paying for items in cash, such as buying water in a supermarket etc. To give someone your physical cash, you're not paying any fees for such an action and it's instantaneous. Unlike Bitcoin which can takes Days to send and sending them requires a sizable $ fee if you don't want to wait months(lower the fee the longer it takes)
Cash and other physical currencies have much more usefulness than Bitcoin.
Simply not in all situations can be a transaction and using bitkoy. In such cases it is more profitable to use ordinary money. Sometimes even bitkoyn can not be used, because it is not always accepted for payment. For example, small purchases, food purchases, payment for services that are provided for a short time. At the same bitkoyn use is not profitable, at least because of the long time of its transactions. It will be a long time until this bitkoyna shortage is eliminated and while bitkoynom freely can be paid at any outlet.
Stores in my country still use cash currency as a payment option or use a credit card, while bitkoin can only be used for online shopping, and not all products available in online stores can be bought for bitkoin. For this simple reason, cash is better than bitcoin
Why cash is better than Bitcoin? Because Cash as of now is one of the best things that needed for transacts and cash money is consider as a medium of exchange. And cash is the most important thing when it comes to buy something products that can will help to provide our basic needs. And there are some business that don't accept bitcoin as a payment, so much better now you have cash. And I also believe in bitcoin because it will be the best currency in terms of money instead of cash money in the future.
bitcoin just getting bigger now some people and business doesnt know it but cash is known whole wideworld. There are business that accept bitcoin as payment but cash is the general trading concept of business
Why is cash better than bitcoin?
As far as I know the bitcoin is fine with me, which is a bit slow when transferring and losing fees
And the reason why cash is better is that cash does not have a lower fee or fee than bitcoin, there is no risk of exchange and the bank or the ATM is not afraid of fraud or...
As far as I know the bitcoin is fine with me, which is a bit slow when transferring and losing fees
And the reason why cash is better is that cash does not have a lower fee or fee than bitcoin, there is no risk of exchange and the bank or the ATM is not afraid of fraud or...
because right now its considered to be the most convenient mode of payment.
wait for bitcoin's turn.
Not really if you look at the transaction fee now, this is not convenient to us anymore because majority of users wants cheap and fast transaction.wait for bitcoin's turn.
Bitcoin nowadays is very expensive with its fees to transact so this has to be solve first.
Cash is offcourse cahs, its accessable anytime anywhere. You cannot go wrong with cash. Aside from that its more secire that bitcoin. Bitcoin is offcourse worths a big amount so if your account will be hacked it can easily stole away. You dont have securities unlike when ypu put it in bank
In today's world, of course cash is generally accepted as legal tender worldwide therefore it has an advantage in that sense. However, its exciting times for Crypto becoming popular as well. Many countries now are going in the way of cash-less economy which means that other payment methods and platforms will have the chance to become widely adopted. I think Bitcoin will capitalise on this eventually. I believe that, big corporations, states are quietly working on these things, they're just not making it public as yet.
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
* 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
He knows people who do not use accounts or bakomats or cards. People are afraid of new things so cash will always have an edge and it will never change.
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