Multiple benefits like most mentioned, but most of all you have little to no down time.
Example, if you are doing big transactions like a wire you have to wait for a few day almost like 4 days when you can cash out bitcoin to a local seller the same or the next day.
Topic: Why have Bitcoin instead of cash? - page 172. (Read 246148 times)
I say it only sucks if the person was lazy for their own security like the whole stealing phone concept.
And they have the blockchain app connected all the time.
And they have the blockchain app connected all the time.
i think if i iam traveling to somewhere i can easily take all of money worth bitcoin with you easily without any problem
so i can relax without risk to get ripped or loose my money
but if i use cash i can't do that
so i can relax without risk to get ripped or loose my money
but if i use cash i can't do that
Some centralized blockchain bank coin with fast transaction times will replace fiat in the future 
Just send bitcoin anywhere in the world in a matter of seconds without the need of bank account and even anonymously.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.
This may be the best reason of all. Money just became REALLY REALLY easy to transport, with minimal evidence. It's the stealth wealth move of the future, wait...the future is now!
Because we can send it instantly to the other part of the globe in a few seconds or minutes which you can't do with cash.
my reason using bitcoin instead cash maybe because i don't trust my central banking 
they always printed fiat paper every time, making inflation rate worse
But in other hand, keeping bitcoin on longer period times make me nervous, because bitcoin price keeps failing month after month
If bitcoin price more stable, i'm sure many people will use bitcoin as currency.
i saw many people just use bitcoin as commodity like gold
they always printed fiat paper every time, making inflation rate worse
But in other hand, keeping bitcoin on longer period times make me nervous, because bitcoin price keeps failing month after month
If bitcoin price more stable, i'm sure many people will use bitcoin as currency.
i saw many people just use bitcoin as commodity like gold
That is true. But I think when you have to pay using bitcoins you will think twice before spending as only thing comes to mind is we need to keep our bitcoins safe as we view it as a investment product but not only as a currency.
my reason using bitcoin instead cash maybe because i don't trust my central banking
they always printed fiat paper every time, making inflation rate worse
But in other hand, keeping bitcoin on longer period times make me nervous, because bitcoin price keeps failing month after month
If bitcoin price more stable, i'm sure many people will use bitcoin as currency.
i saw many people just use bitcoin as commodity like gold
they always printed fiat paper every time, making inflation rate worse
But in other hand, keeping bitcoin on longer period times make me nervous, because bitcoin price keeps failing month after month
If bitcoin price more stable, i'm sure many people will use bitcoin as currency.
i saw many people just use bitcoin as commodity like gold
that's a moot point, if you hold some btc in your phone wallet, and a thief steals it, then you lost the double, the phone and your coin, especially if they weren't passprotected
That's why we should have (encrypted) backups, so you still have chances to rescue the coins and move them. Work besides getting stolen also. 
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
That is true that it cannot be physically stolen but that are hackers and scammers who are keeping eye on our hard earned coins and one advantage of holding bitcoins is you will spend less as compared to that of cash as it will be always in your mind that bitcoins are for investment purpose and not just for spending so you would think twice before spending.
The only way to be physically stolen i think when google wallet will implement bitcoin, so by smartphone NFC on that way bitcoin can be stolen
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
That is true that it cannot be physically stolen but that are hackers and scammers who are keeping eye on our hard earned coins and one advantage of holding bitcoins is you will spend less as compared to that of cash as it will be always in your mind that bitcoins are for investment purpose and not just for spending so you would think twice before spending.
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
It cant be physically stolen you say?
What about when you transfer to a cold storage like a paper wallet? And they have the paper wallets pin and all the stuff lol.
Thats physical last time i checked.
Yes that is an option for paper wallets, must be very carefully where do we store them, multi sig would increase the security
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
It cant be physically stolen you say?
What about when you transfer to a cold storage like a paper wallet? And they have the paper wallets pin and all the stuff lol.
Thats physical last time i checked.
Paper wallets can be encrypted since BIP38 was released. So they would need to know the passphrase for your paperwallet to do anything with it. You can also add multi signature for multiple paperwallets needed.
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
that's a moot point, if you hold some btc in your phone wallet, and a thief steals it, then you lost the double, the phone and your coin, especially if they weren't passprotected
the same for other HW wallet, that can be compromised if they found new exploit or security hole
I think a security exploit is the bad thing about keeping it on phone. If you root/jailbreak your phone especially.
It could be overkill but I have a PC on teamviewer. I keep a little hot wallet on it, so if i need a little cash I log into PC via teamviewer and can send it. The BTC never touched the phone. And it's not a waste as PC is on for viewing miners if I'm away.
Cash can be pick pocketed. You can lose credit cards and other things that are a pain with it.
Each have pro's and con's.
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
that's a moot point, if you hold some btc in your phone wallet, and a thief steals it, then you lost the double, the phone and your coin, especially if they weren't passprotected
the same for other HW wallet, that can be compromised if they found new exploit or security hole
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
It cant be physically stolen you say?
What about when you transfer to a cold storage like a paper wallet? And they have the paper wallets pin and all the stuff lol.
Thats physical last time i checked.
Some more points i would like to add:
1. It is really fast (When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. ) , unlike today transactions are pending for 2-7 days for confirmation.
2. No government can take it away from me , if i use it wisely they cant even track me
1. It is really fast (When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. ) , unlike today transactions are pending for 2-7 days for confirmation.
2. No government can take it away from me , if i use it wisely they cant even track me
This is probably the only few reasons why I`d stick with bitcoin.
But, my worry would be what happens when those transactions take like 2 days max and gets longer since more forks or not enough.
If we had no problems with forks bitcoin would be really flawless.
It can't be physically stolen I guess, maybe that's a good thing. So less thieves in the world. But hackers don't count.
The problem is the whole popularity still going back vsing with whats being already used.
And despite bitcoin being awesome and the only chance for fighting fiat money, we have to still face mini transactions that need to be easy and fast like buying a stick of gum.
Not by waiting for a transaction to go through by confirmations.
And despite bitcoin being awesome and the only chance for fighting fiat money, we have to still face mini transactions that need to be easy and fast like buying a stick of gum.
Not by waiting for a transaction to go through by confirmations.
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