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Topic: Why have Bitcoin instead of cash? - page 162. (Read 246148 times)

sr. member
Activity: 464
Merit: 250
February 16, 2016, 10:47:36 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.
nice answer,i'm so proud being part of bitcoin,as you said,we have better currency and of course profitble curency,we never have currency like this before.
legendary
Activity: 2940
Merit: 1083
February 16, 2016, 10:29:40 AM
Bitcoin is like you planted a seed. It grows in time. That is why many of us are hooked here. Just seeing how your money is going up without even doing anything. Just letting it stay there. Making you some money without a single drop of sweat.
legendary
Activity: 1442
Merit: 1016
February 16, 2016, 07:45:19 AM
Bitcoin is a digital currency and money. I think more people will now use more Bitcoin than cash. They use it because it is more worth.
Bitcoin is now also becoming popular around this time. People will use it more and more and cash is now disappearing.

Depends where you are living I would say.
In developing countries or third world countries I agree Bitcoin can play a bigger role in the future.
In countries like Germany for instance, which is pretty conservative regarding new financial technologies, where people love to use cash(~80%) and where the currency is kind of "stable", Bitcoin will have hard times to get adopted by the masses.
sr. member
Activity: 623
Merit: 262
February 16, 2016, 06:58:41 AM
Many people use cash also. But people that know Bitcoin use Bitcoin more then cash. Because they know what the advantages are.
There are people too that dont even know what Bitcoins are, and then they dont use it because they dont trust it.

Yes there are some really people who use and accept bitcoin as cash but not everybody does that sometimes when you want to use bitcoin as a payment option then the person at the other end don't believe that there is something called bitcoin
full member
Activity: 165
Merit: 100
February 16, 2016, 06:48:54 AM
Many people use cash also. But people that know Bitcoin use Bitcoin more then cash. Because they know what the advantages are.
Obviously NO.It doesn't matters if people know the advantages or not but it is not a physical currency to use it in the real lives nor it will become in near future.
There are people too that dont even know what Bitcoins are, and then they dont use it because they dont trust it.
If they don't know then how could they trust it ? or do you mean that they have an acquaintance of it but are afraid to lose the money ?
However, it does requires global awareness campaigns which could easily take some decades.
sr. member
Activity: 280
Merit: 250
February 16, 2016, 06:26:51 AM
Many people use cash also. But people that know Bitcoin use Bitcoin more then cash. Because they know what the advantages are.
There are people too that dont even know what Bitcoins are, and then they dont use it because they dont trust it.
full member
Activity: 210
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
February 15, 2016, 11:00:51 AM
Bitcoin is a digital currency and money. I think more people will now use more Bitcoin than cash. They use it because it is more worth.
Bitcoin is now also becoming popular around this time. People will use it more and more and cash is now disappearing.
hero member
Activity: 1190
Merit: 500
February 15, 2016, 09:31:41 AM
i have my walelt on my smartphone and i will always bring it with me. if i need money i just click a few buttons and i can withdraw to an ATM machine in seconds. BTC is as good as cash
you need converti it to fiat dude, bitcoin does not have the form of cash
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
February 15, 2016, 09:02:55 AM
And you can save bitcoins as long as possible because it can't be touched physically so we won't loose it, but money are made from paper and it can be broken, someone can burn it or use another ways to break it.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
February 15, 2016, 07:59:01 AM
Well it could be very nice, because you can not lose any bitcoin, I lose a lot of cash in my life for sure. Also the bitcoin is better for your security you can not get robbed at all.
It does not mean that you can't lose bitcoin, there are higher chance to lose all bitcoin rather than cash, because your pc can be infected, or loosing the private key or wallet password etc, always should be careful.

Exactly, same happen with me last month, I was having 0.08 btc in my multibit wallet and my kid was playing on my laptop and by mistake he clicked delete wallet option and I lost 0.08 btc and I was not having private key or backup  Angry

Please lock your pc with a screen shot at least. Would be sufficiently safe against your child. Or, if you want to let it play on your computer, then set up a profil especially for im. Then you can even set what he is allowed to do.

Of course backups of some kind are important anyway. You never know when your harddrive is crashing and you lose all data.
full member
Activity: 205
Merit: 100
February 12, 2016, 08:37:41 PM
Well it could be very nice, because you can not lose any bitcoin, I lose a lot of cash in my life for sure. Also the bitcoin is better for your security you can not get robbed at all.
It does not mean that you can't lose bitcoin, there are higher chance to lose all bitcoin rather than cash, because your pc can be infected, or loosing the private key or wallet password etc, always should be careful.

Exactly, same happen with me last month, I was having 0.08 btc in my multibit wallet and my kid was playing on my laptop and by mistake he clicked delete wallet option and I lost 0.08 btc and I was not having private key or backup  Angry
legendary
Activity: 1526
Merit: 1001
February 12, 2016, 06:31:12 PM
Well it could be very nice, because you can not lose any bitcoin, I lose a lot of cash in my life for sure. Also the bitcoin is better for your security you can not get robbed at all.
It does not mean that you can't lose bitcoin, there are higher chance to lose all bitcoin rather than cash, because your pc can be infected, or loosing the private key or wallet password etc, always should be careful.
hero member
Activity: 616
Merit: 500
February 12, 2016, 06:26:59 PM
Well it could be very nice, because you can not lose any bitcoin, I lose a lot of cash in my life for sure. Also the bitcoin is better for your security you can not get robbed at all.
legendary
Activity: 1526
Merit: 1001
February 12, 2016, 06:08:48 PM
Having bitcoins is more conformable because it is digital and you can purchase mostly anything, having cash and not using then the best alternative is bitcoin.

Yup We can transfer to anywhere in the world very easily and very fast than other transaction medium. Bitcoin adaption is ongoing I guess mostly with in a year most of online shopping site will accept bitcoins.
If that happens It big change in bitcoin revolution.
Some of online shops have accept bitcoin in their stores but there are many others which are waiting for something(maybe a block size increase), but bitcoin is more comfortable than cash in many fields.
sr. member
Activity: 434
Merit: 250
February 12, 2016, 06:03:35 PM
Having bitcoins is more conformable because it is digital and you can purchase mostly anything, having cash and not using then the best alternative is bitcoin.

Yup We can transfer to anywhere in the world very easily and very fast than other transaction medium. Bitcoin adaption is ongoing I guess mostly with in a year most of online shopping site will accept bitcoins.
If that happens It big change in bitcoin revolution.
legendary
Activity: 1526
Merit: 1001
February 12, 2016, 05:57:34 PM
Having bitcoins is more conformable because it is digital and you can purchase mostly anything, having cash and not using then the best alternative is bitcoin.
full member
Activity: 1246
Merit: 116
February 12, 2016, 05:52:20 PM
i have my walelt on my smartphone and i will always bring it with me. if i need money i just click a few buttons and i can withdraw to an ATM machine in seconds. BTC is as good as cash

That's true it takes few minutes to transfer your bitcoins to your bank account with less cost, so if you need cash at the time of emergencies you can simply convert your bitcoins to cash and if the value is higher you get more fiat.

bitcoin have more security and best manupulation because you are your own bank Wink so if the bitcoin will be an international money so there is no need to ATM machine we just paid with our cell phone


Exactly, and one day bitcoin will become international currency for sure, we just need to wait for a sometime, once bitcoin becomes more popular I don't think we need to hold cash, bitcoin will take care of everything.
sr. member
Activity: 462
Merit: 250
February 12, 2016, 05:37:28 PM
i have my walelt on my smartphone and i will always bring it with me. if i need money i just click a few buttons and i can withdraw to an ATM machine in seconds. BTC is as good as cash

That's true it takes few minutes to transfer your bitcoins to your bank account with less cost, so if you need cash at the time of emergencies you can simply convert your bitcoins to cash and if the value is higher you get more fiat.

bitcoin have more security and best manupulation because you are your own bank Wink so if the bitcoin will be an international money so there is no need to ATM machine we just paid with our cell phone
full member
Activity: 896
Merit: 115
February 12, 2016, 04:37:26 PM
i have my walelt on my smartphone and i will always bring it with me. if i need money i just click a few buttons and i can withdraw to an ATM machine in seconds. BTC is as good as cash

That's true it takes few minutes to transfer your bitcoins to your bank account with less cost, so if you need cash at the time of emergencies you can simply convert your bitcoins to cash and if the value is higher you get more fiat.
sr. member
Activity: 1036
Merit: 253
February 12, 2016, 10:50:48 AM
i have my walelt on my smartphone and i will always bring it with me. if i need money i just click a few buttons and i can withdraw to an ATM machine in seconds. BTC is as good as cash
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