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Topic: Why Cryptocurrency is better than fiat currency? - page 3. (Read 1507 times)

sr. member
Activity: 2618
Merit: 439
I see only one positive difference between crypto and fiat, is that crypto is still decentralized, but in terms of usability, fiat is more convenient.
what?how come that you are in crypto but your statement is against this?don't you really know how convenient cryptocurrency is?and how easy we can transact using this?unless your country does not support crypto that is why you can say that fiat is more convenient compared to crypto?
jr. member
Activity: 267
Merit: 7
I think the most special thing about cryptocurrencies better than fiat currencies is the ability to not be counterfeited, not inflated, and trade almost instantly, a currency that can help the world get closer. and trade in the most convenient way, maybe in the future you only need a mobile phone to buy everything
sr. member
Activity: 626
Merit: 250
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.

I think this is still one of the thoughts that have pros and cons. however not all countries accept crypto even, some countries reject other crypto and develop their own crypto. however, at the moment I am not saying that crypto is better than fiat, but I think both have the same equality. Until now, not all countries accept crypto, and also not all countries accept crypto as a means of payment.
in fact bitcoin cannot be accepted in all countries, the rules of each country are different and not all of them accept bitcoin as payment. but if used for digital transactions it might still be possible especially for market places that accept bitcoin as a transaction
copper member
Activity: 110
Merit: 2
Total Exchange (TEX) and Luxury Ledger (LXRY)
Bitcoin is self-sovereign honest currency, plain and simple. Transparent, automated, secure without the need for trusted intermediaries.
member
Activity: 1358
Merit: 81
The cryptocurrency has allowed young professionals to have financial freedom. Transactions in cryptocurrencies are fast and convenient that the fiat currency. That is one of the reasons why it has become so popular in the youngest populations on the planet. It should be noted that countries like Nigeria; some studies indicate that young university graduates began doing freelancer jobs in science and technology, earning in cryptocurrencies. Experts point that Africa has great potential for its population to have maximum adoption of cryptography.
hero member
Activity: 1722
Merit: 528
I see only one positive difference between crypto and fiat, is that crypto is still decentralized, but in terms of usability, fiat is more convenient.

This is obvious since cryptocurrencies are not that accepted today.

The fact that a lot of people still dislike the idea of Bitcoin and still calling it a scam. If people will continue to discourage other people to not use it, what more of the government that do not want decentralization? When we will be comparing these two, I can say that fiat currency is the present and the past but the cryptocurrencies are the future.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.

I think this is still one of the thoughts that have pros and cons. however not all countries accept crypto even, some countries reject other crypto and develop their own crypto. however, at the moment I am not saying that crypto is better than fiat, but I think both have the same equality. Until now, not all countries accept crypto, and also not all countries accept crypto as a means of payment.
sr. member
Activity: 296
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Cryptocurrencies definitely have some benefits over flat currencies, such as the fact that they are not bank-controlled or limited and government-dependent, but there is still a long way to go until we can conclude that Crypto is better than Flat. In the physical world, flat currencies are easier, faster and better to use in almost every situation, so in my opinion we will continue to use flat currencies until BTC or any other coin gets full acceptance from all the different markets.
sr. member
Activity: 394
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I think that Bitcoin and other cryptocurrency is better than fiat currency because it is more secure and more reliable, which is why Bitcoin is becoming more popular every day as more people invest and buy in Bitcoin and other cryptocurrencies. However, Fiat currency takes a long time before it starts to raise its price or that never happens due to the fact that is inflationary while bitcoin is better because it is deflationary.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I see only one positive difference between crypto and fiat, is that crypto is still decentralized, but in terms of usability, fiat is more convenient.

It's more convenient only because shops and business adopted to cash and credit cards. Once they adopt to cryptocurrencies, this payment could be as fast as swiping a card.
hero member
Activity: 1484
Merit: 516
For now I guess I cannot say its better because fiat currency is still currently in use and locally its really the means of exchange. We most likely convert crypto to fiat in order to make use of it in our daily expenses. When talking about future endeavors, definitely its better to earn and save crypto starting now to prepare for the full time usage of crypto all over the world.
In my own personal opinion, it's true that fiat currency is the currency that we use for exchange in goods and services, but when it comes to security, encryption, and fast transaction cryptocurrency will still be better than fiat. Also, crypto is decentralized that no one can control it even the government, that is why it is fine to me, even we can't use crypto in the real world.
its mean the cryptocurrency and fiat money same good? yeah true, fiat also has useless in real life, when you want to buy something and payment with that
 cryptocurrency use by invesment. when i thinking that cryptocurrency better than fiat maybe many people leave it but now it not happen, people still use fiat its mean cryptocurrency and fiat same good.

cryptocurrency is a new breakthrough made by developers to facilitate all transactions, even one of the advantages it provides is that cryptocurrency provides transactions so quickly rather than fiat. However, most people certainly still use fiat for payment transaction tools, and I think both are good and have their own advantages.
sr. member
Activity: 445
Merit: 250
I see only one positive difference between crypto and fiat, is that crypto is still decentralized, but in terms of usability, fiat is more convenient.
hero member
Activity: 1106
Merit: 527
Fiat consumes big amount fees and taxation but cryptocurrency will give the leverage from these issues and then you can handle the cryptocurrencies without any third party intervention but fiat currency is not working it such way.
Banks are there to steal your money in different aspects. Gambling is better than this fiat and banks.
sr. member
Activity: 812
Merit: 250
For now I guess I cannot say its better because fiat currency is still currently in use and locally its really the means of exchange. We most likely convert crypto to fiat in order to make use of it in our daily expenses. When talking about future endeavors, definitely its better to earn and save crypto starting now to prepare for the full time usage of crypto all over the world.
In my own personal opinion, it's true that fiat currency is the currency that we use for exchange in goods and services, but when it comes to security, encryption, and fast transaction cryptocurrency will still be better than fiat. Also, crypto is decentralized that no one can control it even the government, that is why it is fine to me, even we can't use crypto in the real world.
its mean the cryptocurrency and fiat money same good? yeah true, fiat also has useless in real life, when you want to buy something and payment with that
 cryptocurrency use by invesment. when i thinking that cryptocurrency better than fiat maybe many people leave it but now it not happen, people still use fiat its mean cryptocurrency and fiat same good.
legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
jr. member
Activity: 69
Merit: 2
Because with the help of cryptocurrencies you can get passive income  Cool
sr. member
Activity: 812
Merit: 262
For now I guess I cannot say its better because fiat currency is still currently in use and locally its really the means of exchange. We most likely convert crypto to fiat in order to make use of it in our daily expenses. When talking about future endeavors, definitely its better to earn and save crypto starting now to prepare for the full time usage of crypto all over the world.
In my own personal opinion, it's true that fiat currency is the currency that we use for exchange in goods and services, but when it comes to security, encryption, and fast transaction cryptocurrency will still be better than fiat. Also, crypto is decentralized that no one can control it even the government, that is why it is fine to me, even we can't use crypto in the real world.
sr. member
Activity: 756
Merit: 251
For now I guess I cannot say its better because fiat currency is still currently in use and locally its really the means of exchange. We most likely convert crypto to fiat in order to make use of it in our daily expenses. When talking about future endeavors, definitely its better to earn and save crypto starting now to prepare for the full time usage of crypto all over the world.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
Because the state wants to get tax. People pay a lot of intermediaries when they buy things. Bitcoin is becoming more and more common. There will be more economy. There will even be an economy where people can get their money directly.
You make a good point and there are numerous advantage why crypto is better than fiat currency but the state wanting to get tax was certainly not one of the reason. Meanwhile, we look back at the event that occur this year led to someone people switching to crypto will say ease of sending transaction and low transaction fees. An example is BTC~ $474,381,000 which was sent with just $377.56.
sr. member
Activity: 926
Merit: 256
Very well said, but considering the fact that no system is invulnerable to hacking, can cryptocurrency be the safest currency in the world? In my opinion, there's always a room for improvement and development, if we can achieve the most secured state of crypto, we con transition it to fiat but in a slow process.
True, there is no system that is truly immune to hacking and therefore the security to make bitcoin a place of storage is still doubted by many people. Everyone here has many ways to secure their bitcoin and of course we also have our own methods. The higher the level of security we have, the better it is to secure these high value bitcoin assets.
but for me the bitcoin system is good enough, and hacking is common in exchanges or individual wallets which certainly experience errors when accessing or theft of data. so I believe that the bitcoin system is good enough but its use is not yet the maximum is the reason bitcoin cannot be used en masse for now as well as the regulations of a country that create other difficulties
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