Topic: Why Cash is better than Bitcoin. - page 78. (Read 99340 times)

What for saving You are talking, if for exchange risk someone can lose 20% or more of funds in money transfer operation?

Here are my thoughts with regards to what you have said:

*Work offline 100% - Yes fiat indeed work 100% offline, but all of the fiat you are using today would one day return to banks and needed to be replaced again with new one and you cant have fiat again if you are not going to withdraw it online, even if you will do it over the counter the bank will have to do it online. Therefore fiat can never be 100% offline on its entire usage.
*No fees - in any transactions we do there are service fee, added to this fiat can be charged with tax.
*Accepted for Food Shopping & Micropayments - of course bitcoin hasn't reach this stage yet. Since it wasn't started a thousand of years ago like fiat does.
* 0 confirmations time - if fiat is needed to be transfer in banks and other exchanges, i am absolutely sure that it doesn't happen instantly.
* 0 exchange risk - in everything we do there are risk involved, don't tell me that there wasn't scam in history which made use of fiat.
* anyone is able to understanding of the value of payment - please if you wanted to be a fudder could you start with yourself, i was scratching my head with what you wanted to say....

All I wanted to imply is that cash do have advantages over bitcoin.
But please be more specific in your points, do not generalize it...


That's gonna be for now...
Have a nice day!

Other than shopkeeper are reluctant to accept payments with bitcoin. bitcoin users are still rare who want to use bitcoin for currency and shopping. I think it's fair because the fee to do the transaction in bitcoin is very expensive you know. even more than 1$ for one transaction? who wants to shop with such expensive fee? while using cash money you can shop as much as anything without using a fee. I think that's why cash is better than bitcoin..

I guess cash is not better than bitoin but if he is better i guess that it's at the point of price because cash price can't change but bitcoin price can increase and decrease . I hope that i help you bro .

I believe relying on the require, when we are in the present day metropolis then bitcoin much better due to the fact many are recognized, whilst in a overseas location then income is far better since everyone accepts funds.

I have the same question. I don’t know what pleasure people get in comparing fiat with bitcoins. They both are different in nature and doing their jobs perfectly but some people love chaos and that’s what they are trying to here by making such useless comparisons. I guess we need both currencies.

Cash more practical than bitcoin, I can use cash everywere and everytime, and than in my country bitcoin is not legal..

Cash is better than Bitcoin in several ways such as Cash  is accepted everywhere but Bitcoin is not accepted everywhere.From small shops to big malls, all of them accepts payments through Cash  but only some of them accepts payment through Bitcoin . Transactions in Cash are fast, risk free and have no extra fees but transactions in Bitcoin are slow ,have some exchange risks and have extra transaction fees.

Cash is here to stay for now. The Bank will not let cash disapear.

Not until they've got there Blockchain system ready to take on the new cryptocurrency deposit accounts.

i think currently most of the shopkeepers are not ready to accept bitcoin for shopping in fact they themselves do not have any idea about bitcoin, but i am sure that when they will know about it then we can expect that they will start accepting bitcoin, i think we need to introduce bitcoin in our area if we want to make bitcoin popular in our area and if we are welling to use bitcoin in our local shops for shopping.

By means of charges? I think cash has the most out of it since it is a centralized currency. In all of those bills it is more to it as you don't know about it. I mean if you would analyze the situation about the economy of a centralized currency you would've already said 'what heck of a currency'.

for me, Bitcoin is better than Cash because of its high price value and profitability.
cash is used only for the conventional activities but Bitcoin is being used for saving and investment purpose. it has been established as a most profitable platform for doing a trade. so in terms of profit cash is not better than Bitcoin.

Yes if you have cash you can use it in all aspects.but bitcoin helped us to have cash .and if you have cash you can pay all your bills without charges unlike in bitcoin in any transactions it chare but a liitle amount of money.

Maybe because the cash is easy to pay, and when your money is full money . it's easy to  exchange unlike bitcoin how you pay bitcoin if the price is changes, sometimes decreases sometimes increases, so it's not easy if the payment is bitcoin.

you are absolutely right.
but they are not know details about bitcoin, they want to make safe and offline Invest.

I don’t think soo cash is far better than bitcoins; bitcoins are very much useful too. If you want to use cash for transactions, that needs banks while transactions with bitcoins do not any third party. Moreover cash does not grow when you keep it in your piggy banks whereas bitcoins do grow with time.

I think there is a cost of a third party in a way to determine what is the value of Bitcoin in the physical world. Ok let me explain this as simple as possible.

Let me compare this to a movie called 'In Time'. In this movie the currency they are using is 'Time' itself. I saw a scene in the movie that, if you stay a night in a hotel you need to pay 5hrs of what you have. So compare to Bitcoin, it doesn't have its own value, it still needs other currency to determine its value.

Because cash transactions do not need the cost of a third party so it is very fast and the price is real. transactions with banks of course required proof of payment or with bitcoin need at least 6 confirmations requiring about 2 hours.

Indeed. Those things that you have stated are really true about why cash is better than bitcoin. But that was depending upon the situation because there are different moments of usage between bitcoin and cash. For those countries that bitcoin has already been legalize but not yet fully established, preferably, cash it a better use. But for those countries that bitcoin has already been legalized and widely established, bitcoin will be a better use. So for us not to have confusion of which one is a better use, best thing to do is still to have holdings on both cash and bitcoin.

Yes, somehow, and bitcoin doesn't apply to all parts of the world. Not all countries are introduced to bitcoin, are they? Still many people doesn't know about it, and I, who earn bitcoins, convert to my country's currency. So I think, for now, cash is still dominating.