Why have Bitcoin instead of cash? - page 112.

bamboylee

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Quote from: danherbias07 on September 25, 2016, 07:17:19 PM

Quote from: Ziskinberg on September 25, 2016, 07:01:19 PM

Quote from: thejaytiesto on September 24, 2016, 10:44:36 AM

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.

Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.

It is obvious he is just trolling. That or he is living in a different dimension. Governments will never get rid of fiat. It is a representation of them and how rich their country which they govern is. Bitcoin is an option to get around inflation. It is a choice. And I do not believe it will replace any currency.

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Quote from: goinmerry on September 27, 2016, 11:21:37 PM

Cash is the faster way to deal with physical transactions so it should stay or if there will be somethinh else that will be created which can make it faster with convenience then change it.
It is way too difderent than having a bitcoin. You cant deal with everyone through it. You would that other person to also have an account. Same with banks.
Still the purpose of bitcoin now is an investment or if suits you it can be used as an online payment method.

Cash is faster, bitcoins are fastest. Bitcoin's purpose is not just an investment as there are people who are willing to get paid in bitcoins.
Do you think they will just hold their coins and wait for the price to increase lot higher before selling it?
Bitcoins are better because they cannot be stolen unless private key gets stolen, but that's not the case with cash.

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Cash is the faster way to deal with physical transactions so it should stay or if there will be somethinh else that will be created which can make it faster with convenience then change it.
It is way too difderent than having a bitcoin. You cant deal with everyone through it. You would that other person to also have an account. Same with banks.
Still the purpose of bitcoin now is an investment or if suits you it can be used as an online payment method.

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Quote from: Docnaster on September 27, 2016, 09:03:23 PM

Quote from: BTCfan97 on July 08, 2015, 01:10:49 AM

I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

Bitcoin is not really vulnarable for me money does , And we can earn bitcoin from mining money don't , Bitcoin can't steal from your hands , Money does , Money will know where it came from , Bitcoin don't as for now i will truely choose bitcoin instead of cash because of some reason that i am comparing we should keep on tracking what is the benefits of bitcoin and the cash it is always important to us and for those traders out there who uses bitcoin as currency.

We have our own opinion as we have experience different kind of experience in using both, but as an investor or a person who value our asset so much so it we should stick to what gives us benefits and based on your experience you are satisfied with bitcoin so you should be receiving more benefits in the future with continued support.

Cash does not provide investment bitcoin does.

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Quote from: BTCfan97 on July 08, 2015, 01:10:49 AM

I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

Bitcoin is not really vulnarable for me money does , And we can earn bitcoin from mining money don't , Bitcoin can't steal from your hands , Money does , Money will know where it came from , Bitcoin don't as for now i will truely choose bitcoin instead of cash because of some reason that i am comparing we should keep on tracking what is the benefits of bitcoin and the cash it is always important to us and for those traders out there who uses bitcoin as currency.

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I love having bitcoin and I think that using bitcoin is better than cash, its safer and you can also not lose it easily like cash.
Due to that I think its better to have bitcoin.

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Quote from: Lokfar on September 27, 2016, 09:35:20 AM

Well its easy, the bitcoin can be used everywhere on the world because its globally so that is making it very nice and easy with payments.
The second thing is that you can always take it with you easily.

And you don't have to bring that and it doesn't make the robbers follow you if we are already have bitcoins but if that happens the so called robbers are going to be called 'scammers and hackers' by that time. And it is more convenient at all that you don't need to bring cash in your pocket wherever you are going to go.

Lokfar

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Well its easy, the bitcoin can be used everywhere on the world because its globally so that is making it very nice and easy with payments.
The second thing is that you can always take it with you easily.

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Quote from: Piltover on September 22, 2016, 01:54:20 PM

Its in the first place safer if you are asking me and its also that you can do it safely, you are controlling it no one else.
I really think its way better.

Yes bitcoin is more safer than cash why? because you could just easily drop the cash then it will be gone , but if the bitcoin it can't easily hacked nor know who is the owner right ? you can use it whenever you go buy cash will not if you are going to another country you can use your bitcoin your cash not.

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Quote from: Legasean on September 27, 2016, 07:03:16 AM

I can tell you you wont have bitcoins instead of cash for real i don think you all know what it means to have cash more people on the world have cash instead of bitcoins.

Well it is the truth no one says it is not. Some may be changed because of too much exposure into bitcoin and believing it is the strongest but it is not. There are a large percentage of people using cash. Rich and almost every poor society will lean on it.

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I can tell you you wont have bitcoins instead of cash for real i don think you all know what it means to have cash more people on the world have cash instead of bitcoins.

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Quote from: rektDude on September 27, 2016, 06:54:22 AM

I am not the person who loves bitcoin above the real cash because i know that bitcoins are here for a reason and that is not replacing the cash if you know what i mean.

Truly agree with you. It should not be the means of making something deleted in the history. It should be used as something that will create one more history helping another currency or more.

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I think they are choosing bitcoin because if you earn bitcoin or get bitcoin you can hold it for a long time and if the price is increase you can sell it and gain a good profit..

rektDude

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I am not the person who loves bitcoin above the real cash because i know that bitcoins are here for a reason and that is not replacing the cash if you know what i mean.

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Quote from: thejaytiesto on September 24, 2016, 10:44:36 AM

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.

It is impossible that government want to get rid of cash, how can a country will survive without cash, if let say all of the money is digital, what will happened once natural disaster come and cutting off all the electricity and internet, the country transaction will become idle, the country need cash to become their currency to keep their economic balance

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Quote from: BTC_ISTANBUL on September 27, 2016, 05:30:29 AM

It is easy to keep and I also believe the value will increase more than the USD inflation.By having BTC you do not carry the country risk but only your own risk.

seems like you really enjoying the benefit of using bitcoin isn't it?
there is more than just what you have saying an advantages in bitcoin ,
you can trade easier online globally with this global currency for example ,
cash cannot do what bitcoin can do.

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Quote from: BTC_ISTANBUL on September 27, 2016, 05:30:29 AM

It is easy to keep and I also believe the value will increase more than the USD inflation.By having BTC you do not carry the country risk but only your own risk.

Beside that, bitcoin is cash for me, because i can use it online for buying things, i can use it for paying bills, i can use it to recharge my mobile, though it is not yet accepted physically around me but i can easily convert my bitcoins to cash just in 1 hour from localbitcoins.

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It is easy to keep and I also believe the value will increase more than the USD inflation.By having BTC you do not carry the country risk but only your own risk.

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Quote from: freedomgo on September 26, 2016, 03:48:08 AM

Quote from: greatr on September 25, 2016, 08:04:10 PM

Quote from: danherbias07 on September 25, 2016, 07:17:19 PM

Quote from: Ziskinberg on September 25, 2016, 07:01:19 PM

Quote from: thejaytiesto on September 24, 2016, 10:44:36 AM

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.

Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.

i dont think that bitcoins will be taxed, it is not controlled by anything and i think that it will become big

When the government will regulate it, surely it will be taxed, imagine how big the money the government can make if they will regulate bitcoin. The transaction is very fast and more money are coming in and out on a daily basis and that is 24/7, it will surely make the pocket of the corrupt politician fatter.

Government is at the early stages of the new development to wait , but whenhe development to a certain extent , have a disruptive effect , the government will startto take policy to suppress him , or he can be said to be the norms

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Quote from: greatr on September 25, 2016, 08:04:10 PM

Quote from: danherbias07 on September 25, 2016, 07:17:19 PM

Quote from: Ziskinberg on September 25, 2016, 07:01:19 PM

Quote from: thejaytiesto on September 24, 2016, 10:44:36 AM

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.

Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.

i dont think that bitcoins will be taxed, it is not controlled by anything and i think that it will become big

When the government will regulate it, surely it will be taxed, imagine how big the money the government can make if they will regulate bitcoin. The transaction is very fast and more money are coming in and out on a daily basis and that is 24/7, it will surely make the pocket of the corrupt politician fatter.

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