Note: Some of these factors doesn't apply to every single cryptocurrency out there, especially the "secure" part. Sure it applies with bitcoin, but definitely not with every single one. Especially with the lesser known projects, I'm going to bet that if developers tried to inspect the code of those projects, chances are, there's going to be vulnerabilities(ranging from mild to sort of the more 'deadly' vulnerabilities"). It'd be more accurate if you named this "Why bitcoin is better than fiat currency?"
You are absolutely right mate, not every feature of cryptocurrency can be attributed the all the cryptocurrencies that have popped up in the crypto industry. I know a whole bunch of them whose blockchain though described as immutable has been hacked before. It's best to place our trust in Bitcoin since is the only that has stood the test of time if you ask me. It's current difficulty also make it absolutely impossible for it to be hacked. 
Topic: Why Cryptocurrency is better than fiat currency? - page 8. (Read 1507 times)
Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.
1) Easy to Send & Receive?
~Depends on the amount, if you're sending a large amount it is most likely to be slow.
2) Easy to hold?
~Certainly, you do have your own wallet to store it.
3) No Fees when holding?
~Of course, but just to be safe. Don't hold a large amount in any wallet/exchange sites.
4) No need to give transaction explanation like we do when fiat transaction?
~Yes, that's true, but it will be the same if you're trying to cash-out.
5) Privacy?
~Do you mean "Anonymity"? One of the reasons why the majority of people here choose Bitcoin over fiat.
There are still countries that don't accept Bitcoin in exchange for services, e.g. Medical Services, Education, Utility Bills. No matter how good it is, if the adoption isn't there, it's still not better.
Cryptocurrency itself as a digital currency is not really better than fiat currency but the system (blockchain network) that cryptocurrency operates on is rather better than the system that runs fiat currency. Thus, the centralized nature of the fiat currency ecosystem does not allow financial freedom, whiles that of the cryptocurrency presents financial freedom to everybody in the ecosystem...
In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.
Both of them has its own advamtage and disadvantage. It depends on you what to use for certain situations. Crypto is not yet popular to use it anywhere when we buy something so fiat is your best choice. While if we want to send money with a less fee, crypto is the best to use.
Yeah, both have advantages and disadvantages, of course you can't say that bitcoin is better at crypto on everything, and it generalizes everything. in some cases bitcoin is better than fiat, but in some parts fiat also beats bitcoin, as in acceptance, fiat is much more accepted in many places than bitcoin. cryptocurrency is better than fiat? That depends on which point of view you are looking at? 
Government can't control your money even your identity is more secure i think this is the best reason ever. Limitless transaction and store those are a big advantages for cryptocurrency. But also many disadvantages with crypto because it’s not a regulated in most of the countries and you can't use it as a traditional payment. High risk involved in crypto, a lot disadvantages in crypto. Fiat is a recognised currency it’s a big advantage.
We cannot conclude that cryptocurrency is better than fiat when most says that they can co-work together, believe in the function of fiat and would still choose fiat over crypto.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.
Fiat and cryptocurrency works together perfectly. They goes like this, cryptocurrency helps us to have plenty of profits while fiat supports that by its non-so-volatile price, what I mean is the fluctuations in cryptocurrency is painful to have, that is why cashing it out and turning it to fiat is a life saver before it goes down, it is more like a second life to us, that is why fiat must stay even though cryptocurrency will be the main currency someday.
Without fiat, we will be devastated to buying things if we are in a bearish market, you know what I mean, they are complimenting each other in their own way, so we don't want to bully fiat always.
Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.
Indeed, payments in Bitcoin have become very popular over the past years and we see that even cryptocurrency banks are opening. Also in the future we will have faster and more reliable technologies in the field of cryptocurrency, because Bitcoin transactions are quite slow and not cheap.Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.
Indeed, payments in Bitcoin have become very popular over the past years and we see that even cryptocurrency banks are opening. Also in the future we will have faster and more reliable technologies in the field of cryptocurrency, because Bitcoin transactions are quite slow and not cheap.
We cannot conclude that cryptocurrency is better than fiat when most says that they can co-work together, believe in the function of fiat and would still choose fiat over crypto.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.
Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.
yes, crypto is more acceptable right now, but it doesnt mean all of people know and use it. and not all people know about crypto, there are many store accept bitcoin payment, but maybe it just people that know about the advantages of bitcoin.
actually, fiat is secure too if the person make it more secure like make proof of payment.
you cant compare between fiat the real money with crypto as digital money, they have different world and different advantages. i admit if crypto more profitable than fiat but we cant rule out fiat.
I have to say that both fiat and cryptocurrency has both advantage and disadvantages. Crypto os not yet globally accepted worldwide as an alternate medium of exchange, in some countries it takes a lot of process and fees, not to mention regulation that limits other users from transactig or even cashing out their crypto. Crypto being irreversible has both an advantage and disadvantage, once a transaction is done there is no way for you to reverse it unlike in banks. So as for now I would say each of them plays an important role.
Both of them has its own advamtage and disadvantage. It depends on you what to use for certain situations. Crypto is not yet popular to use it anywhere when we buy something so fiat is your best choice. While if we want to send money with a less fee, crypto is the best to use.
I might have a rare opinion for people on this forum, but I don't believe that crypto-currencies in their current state is able to match or be better then fiat options right now.
They might have the better technology and be newer, but they lack adoption and people are also very against change and it will be be extremely hard for society to completely shift over to crypto-currencies as their main payment option, and that's why it's stuck in the other payment option that has a lot of enthusiasts.
They might have the better technology and be newer, but they lack adoption and people are also very against change and it will be be extremely hard for society to completely shift over to crypto-currencies as their main payment option, and that's why it's stuck in the other payment option that has a lot of enthusiasts.
There are several scenarios where your points are not valid. You say you have access to your bitcoins at all times, but it might not be true if you are using third party wallet providers or exchanges.
You also say Bitcoin's security is "Top Notch", but have you seen how many exchanges and third party services has been hacked in the past and how many people have lost coins due to phishing scams?
You also say Bitcoin's security is "Top Notch", but have you seen how many exchanges and third party services has been hacked in the past and how many people have lost coins due to phishing scams?
I would not say that cryptocurrency is better than regular currency. Each financial asset has its own advantages and disadvantages. So far, in the financial sector, we have nothing absolutely perfect. It will be better if we do not oppose cryptocurrency and conventional currency, but use them together, taking advantage of their advantages.
The advantages of cryptocurrency given here are not fully true. Is cryptocurrency safe if more than a billion dollars in cryptocurrency were stolen from cryptocurrency holders last year, and this year more than four billion?
The advantages of cryptocurrency given here are not fully true. Is cryptocurrency safe if more than a billion dollars in cryptocurrency were stolen from cryptocurrency holders last year, and this year more than four billion?
Cryptocurrency can really be on par with fiat currency but still doesn't have the power to overcome fiat currency in terms of being usable in our daily market now, yes you are right that as years pass bitcoin and the whole cryptocurrency scene is getting recognized by the world but it also makes a lot of news and threat to the government which can be a hindrance to our goal of bitcoin replacing fiat currencies because they are trying to make a move to take over bitcoin and stop it right away.
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