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Topic: Why have Bitcoin instead of cash? - page 40. (Read 246148 times)

full member
Activity: 210
Merit: 100
August 25, 2017, 10:58:51 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.

lmao buying tacos with bitcoin is the best thing ive heard lol , bitcoin may have pros and cons but it have more pros like you can use it anywhere , didnt require any specific things , hassle free and decentralized , now for the cons , right now we saw many hackers that already breach into blockchain security , so better use 2fa and other safely things and hardware wallet
full member
Activity: 532
Merit: 101
August 25, 2017, 10:51:43 AM
Bitcoin instead of cash because bitcoin have many uses, like its fastest in transactions online. Bitcoin gives opportunity to invest and has a value. Having bitcoin is a good idea now that someday we have a savings in the future. Bitcoin we have a chance to earn easy and we have more knowledge and idea that we can learn. Because bitcoin is most trusted, safe and secure than cash. Its also possible to earn a profit and the price of bitcoin is increasing.
full member
Activity: 268
Merit: 100
August 23, 2017, 03:58:11 PM
Bitcoin gives you more chance to become a millionaire. Cash can never give you that chance. The amount of cash you hold can not increase after a period of time. That is why people prefer bitcoin Wink Bitcoin gives many hopes to the people
sr. member
Activity: 484
Merit: 251
August 23, 2017, 03:43:22 PM
If we want to transfer money then bitcoin is the easiest way to transfer money.moreover bitcoin also safe more than carrying cash.bitcoin is also developing at a very fast rate and can be considered as a currency too.
Bitcoin is surely a currency right now. Many people are supporting bitcoin and considering bitcoin as a true currency. They use bitcoin to buy many things both on the internet and in the real life. With bitcoin, people caan buy thing oversea faster than ever
member
Activity: 84
Merit: 10
August 23, 2017, 03:20:24 PM
If we want to transfer money then bitcoin is the easiest way to transfer money.moreover bitcoin also safe more than carrying cash.bitcoin is also developing at a very fast rate and can be considered as a currency too.
legendary
Activity: 3108
Merit: 1290
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August 22, 2017, 09:00:22 PM
bitcoin is the best cryptocurrency that we can have as of this generation we didn't know what will happen in the nextyear it can make you rich unlike cash the value of it is just average, bitcoin can use in the internet to make transactions, that cash can't do easily.
Cash can’t serve the way bitcoins are doing. For faster international transactions, digital currencies are better and faster. Cash can be used when two people are in front of each other or are near to one another. Bitcoins further can be used as an investments while the case is opposite with cash.
And bitcoin can't do what cash can, stop comparing, they both have different benefits and we are using cash for a long period of people but we never did complain because we get the convenience we are looking. Still this world is relying on cash, majority of the people are using cash and even those who are using bitcoin are still dependent on cash when they cash out.
hero member
Activity: 840
Merit: 516
August 22, 2017, 04:17:07 PM
bitcoin is the best cryptocurrency that we can have as of this generation we didn't know what will happen in the nextyear it can make you rich unlike cash the value of it is just average, bitcoin can use in the internet to make transactions, that cash can't do easily.
Cash can’t serve the way bitcoins are doing. For faster international transactions, digital currencies are better and faster. Cash can be used when two people are in front of each other or are near to one another. Bitcoins further can be used as an investments while the case is opposite with cash.
full member
Activity: 1036
Merit: 109
August 21, 2017, 05:55:23 PM
The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC

Correct we have our freedom on bitcoin depend on how we use it, we can save it and spend it, today all things are getting paid by a system in an app on our cellphones. we can bring it going somewhere paying it by a transfer. And you can save it rather than spend it. While in cash you have in your wallet yet you are eager to spend it. Not in bit coin you'll have second though on spending it.
full member
Activity: 161
Merit: 100
August 21, 2017, 05:12:10 PM
I think these points are all very good, but one of them makes Bitcoin bad to use as cash. If a currency is constantly deflationary and gaining in value, then no one will want to spend it. Everyone would just hold and speculate instead. That's why cash exists and why the government keeps printing money.
hero member
Activity: 672
Merit: 500
August 21, 2017, 04:55:45 PM
Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.
Yeah bitcoin is very profitable. I think the reason why many people prefer to use bitcoin than cash is it is decentralized. The government can't control and handle the bitcoin.
Yes I also think that, decentralized management of bitcoin make it anonymous from government and because of that government can’t be able to declare tax on our income from bitcoin. This is the most loving feature of bitcoin. I’m so afraid about when bitcoin become centralized, it may result in the decrease of the income and make its users to leave bitcoin.
sr. member
Activity: 574
Merit: 267
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August 21, 2017, 12:30:03 PM
The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC

Yes I agree to you sir. Bitcoin gives as freedom. Bitcoin is the best among other cryptocurrency making it a top 1. Bitcoin is not legal, it is not under the government therefore there are smaller chances that it will steal it from you.
sr. member
Activity: 952
Merit: 250
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August 21, 2017, 10:44:16 AM
bitcoin is the best cryptocurrency that we can have as of this generation we didn't know what will happen in the nextyear it can make you rich unlike cash the value of it is just average, bitcoin can use in the internet to make transactions, that cash can't do easily.
hero member
Activity: 2954
Merit: 683
August 21, 2017, 10:39:50 AM


Of course bitcoin is more preferred than cash and i would have given similar answers to anyone unfamiliar upon their question.

A most menial service among banks is they take longer time to process transfer which looks like they do it manually.

One another impotency for bank cash reveiver is fear of recersal of transaction which bitcoin network does not permit.




Well said about banking system which has more cons than bitcoin network. Im follower of bitcoin too and would prefer bitcoin for the reason mentioned by you. Moreover, bitcoin has ability to checksum everything automatically and you don't have to do anything rather than just clicking the send button. The irreversible transaction gives more security because you are sure about the unidirectional transaction and it won't lost anywhere with full traceable network. One up for the bitcoin always as compared to other ways of transaction.



Irreversible transactions is great but there are really some disadvantage and advantage on this one but most people would really like on this thing on which once you do make send a certain amount into another point it wont really be lost and would directly credit in without any involvement from outer parties.With just in a matter of few clicks you would able to make transactions with less fees.
sr. member
Activity: 700
Merit: 300
August 21, 2017, 10:35:14 AM


Of course bitcoin is more preferred than cash and i would have given similar answers to anyone unfamiliar upon their question.

A most menial service among banks is they take longer time to process transfer which looks like they do it manually.

One another impotency for bank cash reveiver is fear of recersal of transaction which bitcoin network does not permit.




Well said about banking system which has more cons than bitcoin network. Im follower of bitcoin too and would prefer bitcoin for the reason mentioned by you. Moreover, bitcoin has ability to checksum everything automatically and you don't have to do anything rather than just clicking the send button. The irreversible transaction gives more security because you are sure about the unidirectional transaction and it won't lost anywhere with full traceable network. One up for the bitcoin always as compared to other ways of transaction.


full member
Activity: 644
Merit: 113
August 21, 2017, 06:25:28 AM
I cannot agree more on your reasoning, bitcoin is really a good means of investment because of its potential to get high in value. But the same way it’s value goes up it has also the potential to get crash. Bitcoin is volatile which means its unpredictable and unstable. Bitcoin is really good to use locally and globally. It has also no way the government go interfere, they can’t apply you tax with your earning. Unlike cash, bitcoin can’t be robbed from you, this make it more secured. Nevertheless, we can’t alter the use of paper cash with bitcoin because it’s easier for transaction. The best thing to do is use bitcoin and cash at the same time.
full member
Activity: 651
Merit: 103
August 21, 2017, 01:56:17 AM
Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.
Yeah bitcoin is very profitable. I think the reason why many people prefer to use bitcoin than cash is it is decentralized. The government can't control and handle the bitcoin.
hero member
Activity: 1148
Merit: 523
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August 21, 2017, 01:54:59 AM
Of course bitcoin is more preferred than cash and i would have given similar answers to anyone unfamiliar upon their question.
A most menial service among banks is they take longer time to process transfer which looks like they do it manually.
One another impotency for bank cash reveiver is fear of recersal of transaction which bitcoin network does not permit.

Yes.Bitcoin is best on many a way.You can transfer the bitcoin from any place in the world to any place in the world.But to transfer the money we need a mediator and for that we have to spend our money. It may vary to place to place. If it's too long means,you have to give 1/4 of transaction money to them.But in bitcoin, it is common for any place in the world.
sr. member
Activity: 476
Merit: 250
August 21, 2017, 01:41:16 AM
Of course bitcoin is more preferred than cash and i would have given similar answers to anyone unfamiliar upon their question.
A most menial service among banks is they take longer time to process transfer which looks like they do it manually.
One another impotency for bank cash reveiver is fear of recersal of transaction which bitcoin network does not permit.
member
Activity: 67
Merit: 10
August 21, 2017, 01:25:07 AM
Bitcoin is more easy to use and it is decentralized, have more security and not much transaction charges in exchanges and can easily transfer to any place faster and saves time than compared to coins. We can get more profit if we invest with bitcoin and it gives various profitable opportunity for buy and sell trading, exchange etc.
legendary
Activity: 1484
Merit: 1004
August 21, 2017, 01:16:10 AM
Besides you be in plenty control over your money, bitcoin does have potencial and for me it’s the digital gold, and sooner or later it will be used as store of value from several people if not countries will start getting a reserve the same way they do with gold nowadays.

It's completely what people should call bitcoin as a real freedom ,
Yeah a freedom to hold and spend money whenever anywhere without crazy regulation ,
People actually know about that , just the matter of time ,
When people will move to bitcoin as their daily currency rather than cash.
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