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Topic: Why have Bitcoin instead of cash? - page 153. (Read 246148 times)

hero member
Activity: 854
Merit: 500
April 21, 2016, 11:47:28 PM
I don't really see a big difference, bitcoin is a bit safty but in other cases it's really same. Cash have one advatage that it's can be accepted everywhere instantly.
sr. member
Activity: 364
Merit: 250
April 21, 2016, 04:42:04 PM
Its better to have bitcoin on you than cash and this is because of all that robberies that are taking place these days with the bitcoin they can do nothing, because its digital.
Another nice fact is that you cannot lose it and that its always at you if you have something like a ipad or phone with you.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
April 21, 2016, 04:15:05 PM
Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..


One thing is its recovering and other things are requiring internet for using them and also in some cases speed of transferring them.
legendary
Activity: 2646
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April 19, 2016, 10:50:40 PM
Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..


Yeah limitations if small it don't bother much, the money is always with us, no third party interrupt here, we can use it as a payment system whenever in need and can purchase online goods.
full member
Activity: 168
Merit: 100
April 19, 2016, 06:57:04 PM
Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..

hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
April 19, 2016, 06:28:30 PM
Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.
legendary
Activity: 2982
Merit: 1485
April 19, 2016, 03:59:50 PM
Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
hero member
Activity: 644
Merit: 500
April 19, 2016, 03:00:38 PM
I think there is a simple reason for this and that its much safer than cash without any doubts right ?
You cannot get robbed or something because you do not have something on you.

Even I will go with cash until bitcoins will accepts universally, till that I will use Fiat money only in my business transactions. I guess this is general all people. I know many of the people exchange the bitcoins into fiat and living with that as well...
legendary
Activity: 812
Merit: 1000
April 19, 2016, 02:46:38 PM
I'd be totally up for moving over to bitcoin 100%, unfortunatly the places I buy things just aren't accepting it yet. I do believe in the future it will be just as well recieved if not more so than cash (I'm thinking back 13 years ago to when i had my mobile and cash stolen from a hotel room in Egypt and thinking if it was in bitcion it wouldn't have been so much of an issue)..... granted the likelyhood of me loosing bitcoin from the mobile being taken (if we think about it happening now - not with a nokia brick) is still reasonably high but then I din't think I'd be keeping a ton of it on my phone anyway.
sr. member
Activity: 350
Merit: 250
April 19, 2016, 10:28:25 AM
Having bitcoins is far better than cash. You can't get restricted, you can pay worldwide, faster and sometims with great discounts and you're money is more and more valuable, at the inverse of cash where you constantly lose money.

Indeed, its way better because of all these facts, you can also net get robbed at all plus its also very fast compared with other currency's.
Plus another fact is that you cannot lose it because its safe in your wallet.
People is going to use Bitcoin because they think also that it is safer and you can also not be robbed anymore on the street so that is nice for yourself and safety.
The world is also getting more digital so you can now also buy more stuff online and that is nice for the Bitcoin itself.
hero member
Activity: 770
Merit: 500
Forza Roma
April 19, 2016, 10:28:25 AM
I think there is a simple reason for this and that its much safer than cash without any doubts right ?
You cannot get robbed or something because you do not have something on you.
legendary
Activity: 2940
Merit: 1083
April 19, 2016, 09:22:12 AM
With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.

That is reality. Bitcoin can provide services like sending some money in other countries with just a minimal fee. In cash it cost really high. Like 5-10 percent of what you will send and that is itchy for some poor people who want to maximize the money that they want to send.
hero member
Activity: 1764
Merit: 505
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April 18, 2016, 08:37:27 AM
With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.


Cash is only good if you are on the streets and want to buy something to eat or to wear but bitcoin is good for doing transaction online and is good to make money in trading.

Yes because you are in online world doing transaction with cash is very hassle to people because they will travel tonfind money transfer so they can send the cash so the rransaction will be than more delay of time  while if your using bitcoin it is easy to transfer user friendly and less fee per transaction tou can easily transfer it and do a success trnsaction without a hassle.
full member
Activity: 168
Merit: 100
April 18, 2016, 07:05:27 AM
With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.


Cash is only good if you are on the streets and want to buy something to eat or to wear but bitcoin is good for doing transaction online and is good to make money in trading.
sr. member
Activity: 336
Merit: 250
April 18, 2016, 05:53:56 AM
With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.
full member
Activity: 168
Merit: 100
April 14, 2016, 02:40:43 AM
I have bitcoin because i normally send money to my family on a monthly basis and its cheap and fast to them money no matter how many amount you send and it has low fees.

this is one of the best benefits of using bitcoin. i have used it a couple of times too, comparing it to other methods of sending money oversees bitcoin is a lot better. now i can save up a lot of fees and they receive more this way because i pay less fees. and it is fast too.

Yes bitcoin can really compete with other money transfer service available now with its cheap fees and if all people know this method i think they will use bitcoin more.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
April 14, 2016, 02:01:41 AM
I have bitcoin because i normally send money to my family on a monthly basis and its cheap and fast to them money no matter how many amount you send and it has low fees.

Well atleast if you will just send it to their account, but to cashout, the fees on remittance centers and banks are still the same and no discount at all, except if the egivecash option on security banks are present in their location, that was free of charge...
legendary
Activity: 1946
Merit: 1137
April 14, 2016, 01:59:07 AM
I have bitcoin because i normally send money to my family on a monthly basis and its cheap and fast to them money no matter how many amount you send and it has low fees.

this is one of the best benefits of using bitcoin. i have used it a couple of times too, comparing it to other methods of sending money oversees bitcoin is a lot better. now i can save up a lot of fees and they receive more this way because i pay less fees. and it is fast too.
full member
Activity: 182
Merit: 100
April 14, 2016, 01:52:13 AM
I have bitcoin because i normally send money to my family on a monthly basis and its cheap and fast to them money no matter how many amount you send and it has low fees.
legendary
Activity: 1540
Merit: 1013
April 14, 2016, 01:46:09 AM
There is a lot of difference there. Bitcoin stays online and no one can steal it except you have been hack and that would be nearly impossible except you are really careless or someone is making a fool out of you.

You are making a fool out of yourself with this kind of post. Everything that stays online could be hacked and there is a good chance that it could be stolen as well. If you wants your coins to be safe then start using cold wallet to avoid the connectivity to the internet because there is nothing safe in the internet
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