Why have Bitcoin instead of cash? - page 113.

greatr

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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.

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

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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.

Ziskinberg

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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.

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.

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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.

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Quote from: goldcoinminer on September 21, 2016, 02:09:12 AM

I think bitcoin and cash are both good and we cannot just choose one because we cannot use our bitcoins without cash and we cannot grow our cash without bitcoin, they are interrelated and they work together to give us convenience and income at the same time.

Quote

we cannot use our bitcoins without cash

This is not completely true. We can spend our bitcoins, but for now, it is very limited.

Quote

we cannot grow our cash without bitcoin

There are tons way more to grow our cash even without bitcoin. There are way more investments that accept cash than bitcoin. Cash is not limited by bitcoin.

Quote

they are interrelated and they work together

Bitcoin and fiat are two independent entities. They are just related on exchanges that exchange fiat to bitcoin and vice versa.

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Quote from: dmarine on September 23, 2016, 04:01:38 AM

Bitcoin certainly will be the future money, there is potential for it, and that is because the world is also getting more digital, that's perfect for the cryptocurrency itself because it will become more and more used.

Digital currency will be the future and we are lucky we have already bitcoin who are more popular now, if we will just stick to supporting with bitcoin we will surely share the blessing in the future when it succeeds.

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Bitcoin certainly will be the future money, there is potential for it, and that is because the world is also getting more digital, that's perfect for the cryptocurrency itself because it will become more and more used.

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Quote from: madwica on September 23, 2016, 03:40:04 AM

Quote from: Golftech on September 23, 2016, 03:30:58 AM

Quote from: freedomgo on September 23, 2016, 03:15:50 AM

Quote from: TastyChillySauce00 on September 23, 2016, 02:52:25 AM

Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.

well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.

Correct, promoting bitcoin can help to expand its existence and also the value will increase if there are many new users want to invest, and we need to have more cash from now because we need it for our daily use.

Bitcoin is the most advance digital currency that is not controlled by a certain company, this is our currency and we have the freedom when we are using this, so it is just right to promote bitcoin anytime, when it grows we also grow.

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Quote from: Golftech on September 23, 2016, 03:30:58 AM

Quote from: freedomgo on September 23, 2016, 03:15:50 AM

Quote from: TastyChillySauce00 on September 23, 2016, 02:52:25 AM

Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.

well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.

Correct, promoting bitcoin can help to expand its existence and also the value will increase if there are many new users want to invest, and we need to have more cash from now because we need it for our daily use.

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Quote from: freedomgo on September 23, 2016, 03:15:50 AM

Quote from: TastyChillySauce00 on September 23, 2016, 02:52:25 AM

Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.

well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.

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Quote from: TastyChillySauce00 on September 23, 2016, 02:52:25 AM

Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.

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Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

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Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

Bitcoin is just like fiat currency. It can do what a fiat currency can do like using it to buy, sell, invest, and trade. You could also pay things like bills and loans through it. The only difference I think is that if you keep your bitcoin on your bitcoin wallet, its price could go up or down. Unlike when you have cash its value remain the same.

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Quote from: Zooplus on September 23, 2016, 02:00:22 AM

Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

You are right since bitcoin is dependent to fiat because bitcoin is getting value from fiat right? If paper currency would have no value then bitcoin would be the same. And also cash or paper money is being used commonly by people all over the world and its impossible for people to switch fully to bitcoin.

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Quote from: Dora Doll on September 23, 2016, 01:08:03 AM

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

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to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

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Quote from: goinmerry on September 22, 2016, 11:37:27 PM

Quote from: MyBTT on September 22, 2016, 11:05:10 PM

- Bitcoin for one is weightless, no matter the amount.
- Bitcoin is something that cannot be pickpocketed, you have an encrypted wallet
- Bitcoin has the ability to be used online

It's great!

I agree with all of that. I have a friend whose work is to send money to another company in cash. Just thinking what if it can be done with bitcoin. My friend wont be afraid that it can be stolen in him and will be deducted in his salary. They should be thinking of another way to transact that instead of a bag full of money.

thats right instead bringing the bag of money just bring gadgets that can open your transaction if its needed of physical appearance so the messenger wont be afraid or wont risking his life, that's one great feature of btc.

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Quote from: MyBTT on September 22, 2016, 11:05:10 PM

- Bitcoin for one is weightless, no matter the amount.
- Bitcoin is something that cannot be pickpocketed, you have an encrypted wallet
- Bitcoin has the ability to be used online

It's great!

I agree with all of that. I have a friend whose work is to send money to another company in cash. Just thinking what if it can be done with bitcoin. My friend wont be afraid that it can be stolen in him and will be deducted in his salary. They should be thinking of another way to transact that instead of a bag full of money.

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- Bitcoin for one is weightless, no matter the amount.
- Bitcoin is something that cannot be pickpocketed, you have an encrypted wallet
- Bitcoin has the ability to be used online

It's great!

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Quote from: nova-rider on September 22, 2016, 09:57:17 PM

I don't think you should try having all in bitcoins and nothing in fiat money. Because you can't buy everything with btc, you also need cash, of course.

And converting bitcoin is really a hassle one since no doubt that bitcoin can't be used everywhere. You also need an active internet connection to use bitcoin.

Bitcoin even for more development in the future can't still do the majority of usual cash can do so it's not making sense to erase the whole usage of cash and replace it with bitcoin.

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