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Topic: Why Cash is better than Bitcoin. - page 98. (Read 99328 times)

full member
Activity: 938
Merit: 137
July 22, 2017, 06:27:49 PM
There are some advantages and disadvantages in both cash and digital currency. Cash can be spoiled or accidentally destroyed by physical means, the state can carry out monetary reform and devalue cash or issue laws that tighten cash operations by increasing or introducing new taxes and fees. Crypto currency of these shortcomings is deprived. However, the world of crypto currency is also subject to some risks. This, too, can not be ruled out. However, the Crypto-currency, bitcoins give greater freedom of financial transactions for an ordinary person and this is their great advantage. Well and what to use, to solve to each concrete individual. Yes, and should take into account that people will still use both the digital and ordinary currency at the same time.
newbie
Activity: 73
Merit: 0
July 22, 2017, 05:59:14 PM
Yes because bitcoin is still rarely used by humans so the transaction tool was in the store has not been there so many people choose to use cash
hero member
Activity: 798
Merit: 501
July 22, 2017, 05:34:45 PM
For now it is more dominant cash because ATM or bank is everywhere. But if later bitcoin already exist bank and its ATM, maybe people just open handphone and scan barcode to do transaction hahaha  Cheesy Grin Cheesy Grin

In the future, bitcoin doesn't even need atm anymore because all can be controlled via smartphone, bitcoin atm in my country didn't get a good response because android makes everything easy, cash money for the future is virtual, not currently so popular because the world economic system still prioritize fiat, many offline shopping also not using bitcoin.

And there is no guarantee that an internet connection will always be available so cash will always be a necessity until this problem is solved. Maybe via trusted physical bitcoins where the private key is hidden and they are hard to fake.
i do not think that there is ever possibility that internet will stop working, i think internet is now one of the most essential part of our life therefore it will continue working for ever. i think now even in most of the the backward countries the facility of internet is available there. and now  they also have chances to use bitcoin and make money from it.
legendary
Activity: 1274
Merit: 1004
July 22, 2017, 04:11:32 PM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confirmations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
I think op is wrong at some points. first of all, they charge tax for everything no matter you are online or offline. second, their is an exchange risk because you do not have perfect knowledge of who they are and why they are selling exactly. you can just assume that they are not scammers and they want to make like another businessman.
member
Activity: 110
Merit: 10
July 22, 2017, 03:51:48 PM
For now it is more dominant cash because ATM or bank is everywhere. But if later bitcoin already exist bank and its ATM, maybe people just open handphone and scan barcode to do transaction hahaha  Cheesy Grin Cheesy Grin

In the future, bitcoin doesn't even need atm anymore because all can be controlled via smartphone, bitcoin atm in my country didn't get a good response because android makes everything easy, cash money for the future is virtual, not currently so popular because the world economic system still prioritize fiat, many offline shopping also not using bitcoin.

And there is no guarantee that an internet connection will always be available so cash will always be a necessity until this problem is solved. Maybe via trusted physical bitcoins where the private key is hidden and they are hard to fake.

I agree with you because the sustainability of bitcoin is not guaranteed by any group or developers. The cash it spendable everywhere and it's physical so that you can carry it with you not depending on any other external factor.

Bitcoin requires secure internet connection.
newbie
Activity: 35
Merit: 0
July 22, 2017, 03:49:18 PM
For now it is more dominant cash because ATM or bank is everywhere. But if later bitcoin already exist bank and its ATM, maybe people just open handphone and scan barcode to do transaction hahaha  Cheesy Grin Cheesy Grin

In the future, bitcoin doesn't even need atm anymore because all can be controlled via smartphone, bitcoin atm in my country didn't get a good response because android makes everything easy, cash money for the future is virtual, not currently so popular because the world economic system still prioritize fiat, many offline shopping also not using bitcoin.

And there is no guarantee that an internet connection will always be available so cash will always be a necessity until this problem is solved. Maybe via trusted physical bitcoins where the private key is hidden and they are hard to fake.
sr. member
Activity: 2338
Merit: 273
DGbet.fun - Crypto Sportsbook
July 22, 2017, 03:42:52 PM
For now it is more dominant cash because ATM or bank is everywhere. But if later bitcoin already exist bank and its ATM, maybe people just open handphone and scan barcode to do transaction hahaha  Cheesy Grin Cheesy Grin

In the future, bitcoin doesn't even need atm anymore because all can be controlled via smartphone, bitcoin atm in my country didn't get a good response because android makes everything easy, cash money for the future is virtual, not currently so popular because the world economic system still prioritize fiat, many offline shopping also not using bitcoin.
full member
Activity: 634
Merit: 118
Bounty Hunter Indonesia
July 22, 2017, 03:12:10 PM
For now it is more dominant cash because ATM or bank is everywhere. But if later bitcoin already exist bank and its ATM, maybe people just open handphone and scan barcode to do transaction hahaha  Cheesy Grin Cheesy Grin
sr. member
Activity: 378
Merit: 250
July 22, 2017, 03:00:53 PM
Cash is better than bitcoin because cash transactions are made directly without intermediaries, sellers and buyers can direct transactions so they do not have to wait for transaction confirmation.
in present time we can say that cash is better than bitcoin but in fact in long run when bitcoin will  become more and more popular and when all the facilities of bitcoin will be available for use to use then i am sure that people will select bitcoin instead of cash, because bitcoin will be more easy to use for buying selling and other activities.
sr. member
Activity: 490
Merit: 252
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July 22, 2017, 02:50:44 PM
day by day the use of cash is decreasing at an alarming rate because of security and availability.

Mister, make a video please, how You buy food actually.
full member
Activity: 518
Merit: 100
July 22, 2017, 12:34:01 PM
In our world nothing is good or bad it's depending on many factors.
About  bitcoin'
1. It's something new. People always afraid something New.
2.
You cannot see it or feel it like  usual cash money.
3.
Transparency.
4.
It's still illegal in many countries
Etc.
hero member
Activity: 826
Merit: 529
July 22, 2017, 12:31:28 PM
with this issue, i really don't agree.
if we measure in terms of security, profit and usability then Bitcoin is better than cash. definitely, Bitcoin has some exclusive facilities which can make a person wealthy and rich but cash has only ordinary fact. day by day the use of cash is decreasing at an alarming rate because of security and availability.
sr. member
Activity: 518
Merit: 250
July 22, 2017, 12:25:09 PM
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
I dont agree in my opinion today obviously i guess bitcoin is better than cash maybe in some instances like buying in a store because bitcoin isis not yet completely develop and not use by a lot of country as a mainstream currency so you can not use it yet but when it come to fee speed of transaction etc i gonna go with bitcoin yeah there are some that have a high transaction fee but still bitcoin is the best.
hero member
Activity: 868
Merit: 500
July 22, 2017, 12:09:08 PM
The only moment when cash is better then bitcoin is at the dumps, if able to predict the market before it crash like happened last week, you will be able to keep your capital and then get back in the game, being able to collect more coins then before, besides those cash wont go anyway further its place, while bitcoin with its potencial can multiply any investment over it.
sr. member
Activity: 406
Merit: 253
July 22, 2017, 09:57:42 AM
Cash is easier to use, but that doesn't mean they are better. Cash tie you to a particular place, but bitcoin lives in the world where there is Internet. Cash is constantly getting cheaper and the bitcoin expensive. My opinion is that these currencies complement and not exclude each other
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 22, 2017, 09:22:50 AM
Day-to-day transactions seem to use more cash. Although not with cash usually using a debit card or credit card, have not tried to do with bitcoin. Because the existing means have not been able to use bitcoin. Maybe a while if there is a more complete infrastructure with bitcoin transactions.
newbie
Activity: 45
Merit: 0
July 22, 2017, 09:07:39 AM
cash is very easy to use,no need wait for transactions,some merchants do not accept the bitcoin.
so in this cases cash is better.
member
Activity: 84
Merit: 10
July 22, 2017, 08:11:31 AM
Especially useful in places like Venezuela! (Coming soon to a country near you!)
Because it can be used to buy vegetables, buy bread, and deal directly with people. I have not seen anyone use Bitcoin when going to the supermarket. In my personal opinion, Bitcoin is appropriate for dealing in business and getting rich. Convenient cash for daily life. So with so many people, cash is better than Bitcoin.
sr. member
Activity: 1792
Merit: 255
July 21, 2017, 10:49:14 PM
Cash is better than bitcoin because cash transactions are made directly without intermediaries, sellers and buyers can direct transactions so they do not have to wait for transaction confirmation.
sr. member
Activity: 756
Merit: 251
July 21, 2017, 09:04:35 PM
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

That is indeed the case right now. But bitcoin has also its own advantages and disadvantages. Remember that fiat or cash is not actually fully comparable with bitcoin as cash is hard money while bitcoin is online currency.

But you have some good points really. I hope bitcoin will work on the transaction fees and confirmation time for it to greatly attract more users.

The only thing that fiat money cannot defeat bitcoin is its value. Bitcoin is so precious than cash that I would go to bitcoin instead of cash.
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