Why have Bitcoin instead of cash? - page 63.

EdenHazard

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Quote from: TryNinja on May 18, 2017, 06:11:52 PM

Bitcoin is cooler than physical cash.
I remember when I was the only one of my friends who knew anything about Bitcoin. One day I bought something from a local shop with Bitcoin and one of my friends was very surprised and thinking how cool that was.

Bitcoin is great to transfer high amount of money over the world, but unfortunately due to the actual situation and high fees, not that good for micro transactions like it was back in the days.

yes an advanced technology like bitcoin always looks cool , but besides of that when you used cash / physical money it is hurting our lovely earth and not healthy too right? the money you hold have been moved by thousands or even millions people .

moving fully to do transact using bitcoin are so close when there is a lot of merchants open their doors.

Pattart

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Quote from: favila on May 18, 2017, 07:15:12 AM

Right now the fees on bitcoin are much too high and the wait time is too long to be used instead of cash but it is still better than most methods for online payment. I think a better term that one of my friends used to me in conversation one day is to call it internet money.

Yeah the current fee is very burdensome for users. Because with a low fee you will not be able to get a fast transaction. Better to use cash without fee and simple.

susila_bai

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Their are lot of features due to which makes everyone to keep bitcoin instead of cash, the transaction are non traceable and no one knows who is the owner of that address on that address.

TryNinja

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Bitcoin is cooler than physical cash.
I remember when I was the only one of my friends who knew anything about Bitcoin. One day I bought something from a local shop with Bitcoin and one of my friends was very surprised and thinking how cool that was.

Bitcoin is great to transfer high amount of money over the world, but unfortunately due to the actual situation and high fees, not that good for micro transactions like it was back in the days.

Cosbycoin

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Quote from: JGoRed on May 18, 2017, 11:06:25 AM

Well, it is very useful to do international transfers for low fees; where cash is hard to do so without being in person.

i agree with you that bitcoin is very much better to international transfer we know that you will pay a high tax when transfer your over cash money and you are right its very hard so bitcoin is much more better than cash to transfer it to anywhere.

batang_bitcoin

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Quote from: roadbits on May 18, 2017, 07:07:40 AM

Quote from: batang_bitcoin on May 18, 2017, 06:04:40 AM

Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Bitcoin is not cash, if I'm correct cash is fiat. Instead of calling it as cash it is a currency and I would say that it can be good as cash, maybe that's the proper and right term for it. Bitcoin is better than cash for us who are using bitcoin but for people that are not using it, cash is what they preferred.

I am confused to see your comment. Are you accepting Bitcoin is cash or not? If you ask me, i say it is cash for me. Yes, i bought many things from this bitcoin, and I sold coins that money I will use in my daily life. It helps me lot in my financial system. So I will be considered the Bitcoin is cash for me.

Are you referring to me? I don't consider bitcoin as cash because for me, cash is the paper money and bitcoin is not. So I'm trying to explain and distinguish what I know with their difference. Not just because you can use bitcoin for buying things online you consider it as cash, the better term for it, is currency.

bncbnc

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Quote from: Achargeturry78 on May 14, 2017, 11:41:10 AM

Quote from: kpcian on May 14, 2017, 11:37:30 AM

I'm happy to accept bitcoin instead of cash money, because bitcoin is secured than cash. If you think about security measures, then definitely bitcoin would be far greater than cash. Not only that, but also bitcoin is easier to convert, in addition to it's less expensive than master card transactions.
So you will try it.

on some point bitcoin is much secured than cash as it is decentralized and no know is holding your bitcoin for you. and also bitcoin has a lot of space on improvements on its price. it could be one of your investment as it can grow its value over time.

Well everything has its advantages and disadvantages and same is the case here with the Bitcoin. Due to the decentralized feature it has same advantages that people like about while there is also a set of mind who don’t trust it and rely on the BTC for its decentralization. Specially the people involved in the government policy making have many questions regarding the existence and mechanism of the BTC.

bitbob82

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Quote from: bitllionaire on May 09, 2017, 06:08:58 PM

Quote from: rhamzter on May 09, 2017, 04:29:16 PM

We have Bitcoin instead of cash because bitcoin is easy to use especially in online marketing and business rather than cash, because cash is use on the item you want to buy in there market, store and etc.

yes i think for online purpose bitcoin is the first option as it is more convenient to use bitcoin for online shopping, and now we can see that most of the online shops are accepting bitcoin for shopping as payment method. in previous time they were using paypal but after bitcoin introduce in the world it made it more easy to use bitcoin for online shopping.

Yes the bitcoin is trusted more now a day as it used to be in the past. As it was a new revolution in the past and people were not use to it nor were many of the people clear about the concept of the Bitcoin. also there was a trust factor for the online businesses to not to accept it, but as the people and the governments of various countries accepting it now has built a progress towards the trust of many online shopping places and payment spots where it is now easily acceptable.

GlassMaster

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Quote from: kpcian on May 18, 2017, 11:51:35 AM

Because of some specifications.
Bitcoin is now more easier then cash to transact or anything, it's getting bigger day by day and gaining ground slow and steady way. Hopefully Bitcoin will be one of the main global currency. So in future, Bitcoin will be more preferable to cash.

Of course, bitcoin will be preferable to cash, but the usual money will not disappear, because they will be an alternative in case of collapse.

kpcian

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Because of some specifications.
Bitcoin is now more easier then cash to transact or anything, it's getting bigger day by day and gaining ground slow and steady way. Hopefully Bitcoin will be one of the main global currency. So in future, Bitcoin will be more preferable to cash.

JGoRed

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Well, it is very useful to do international transfers for low fees; where cash is hard to do so without being in person.

deisik

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Quote from: ?? on ??

Quote from: roadbits on May 18, 2017, 07:07:40 AM

Quote from: batang_bitcoin on May 18, 2017, 06:04:40 AM

Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Bitcoin is not cash, if I'm correct cash is fiat. Instead of calling it as cash it is a currency and I would say that it can be good as cash, maybe that's the proper and right term for it. Bitcoin is better than cash for us who are using bitcoin but for people that are not using it, cash is what they preferred.

I am confused to see your comment. Are you accepting Bitcoin is cash or not? If you ask me, i say it is cash for me. Yes, i bought many things from this bitcoin, and I sold coins that money I will use in my daily life. It helps me lot in my financial system. So I will be considered the Bitcoin is cash for me.

I think he just mistakenly used the word cash. Cash is anything that has value equivalent in fiat. Bitcoin has a real value so it can be considered too as cash. The OP means fiat. Bitcoin has a lot of features that fiat doesn't have just like anonymity feature and it's value are continuously increasing every year

As to me, it looks more like you are using the term wrongly

Also, it is not quite clear what you mean by "cash being anything that has value equivalent in fiat". When people use such obscured or otherwise convoluted phrases, they are most certainly trying to hide something (or just try to make an impression). Apples can be priced in fiat too (I guess this is what you mean by "value equivalent in fiat"), but does it mean that they are cash (if I got your point right, of course)? Cash, as per financial dictionary, is "physical currency printed on banknotes and coins", and as I see it this is what most people think when they hear the word. There are other definitions as well but they have narrow scope of usage (mostly between economists)

Angel777

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The cost of bitcoin is more value than cash.
Because if bitcoin having increase price bitcoin is more value than cash.
Cash is constant.While if you choose bitcoin to save when you sold it at high price that will be a big cash.

investinator

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The question isn't bitcoin vs cash in my opinion its in what proportion do you separate them. They both have a good place for them in the world, cash will always be the best method for offline payment but bitcoin could easily destroy a large portion of card payments and take over that market.

Fatanut

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Quote from: freedomgo on May 18, 2017, 03:04:35 AM

Quote from: Dhimas Kanjeng on May 18, 2017, 02:03:34 AM

I think it depends on the type of transaction, for the moment we can not use the bitcoin transactions directly so that we still have to have the cash. bitcoin is great to use for online transactions and send money.

Even in the future, cash will still be here and I will never think that bitcoin will be more popular in the future even if it has already find its success.
People will use what the government will tell them to use because they do not want to break a law and they will remain compliance to avoid any problem in the future. There are some countries who ban bitcoin, they must be protecting their own currency and I believe our government can make it anytime.

It's pretty obvious that most countries especially the major ones know about bitcoins. Japan, which is another big player, is accepting bitcoins as a legal payment method. Other countries ban bitcoin but they are banning any other foreign currencies as well because they don't want their nation to have all those. They are insecure about people not using their very own local currency. We don't have to worry about them at all because clearly we don't live in a country like that. Because otherwise, we wouldn't be posting here and risking going to jail just because of using a certain currency.

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Quote from: bL4nkcode on May 18, 2017, 02:21:59 AM

Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Yes that's true that we can buy things or any digital things/goods using bitcoin but still cash is better than bitcoin you can't use bitcoin in your daily needs like foods or medicines. Though there's an advantage of using bitcoin from cash and that's only here online, but even whatever happens people cant deny that cash has more advantages for our daily needs you cant buy foods or pizza in physical store with bitcoin and waiting 30 mins to 1 hour or more to get 1-3 confirmation of your transaction its gonna annoying from the owner of the store/seller or even the buyer to wait such a ling time and you have to pay ridiculous fee to make it confirm faster.

Yeah your right you can buy things in online using bitcoin but it doesn't make bitcoin better than cash because you can't use bitcoin in your daily and what if bitcoin dies ? what will happen to the bitcoins you store ? Unlike cash there is no possibility that it would die so cash is still better than bitcoin.

favila

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Right now the fees on bitcoin are much too high and the wait time is too long to be used instead of cash but it is still better than most methods for online payment. I think a better term that one of my friends used to me in conversation one day is to call it internet money.

roadbits

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Quote from: batang_bitcoin on May 18, 2017, 06:04:40 AM

Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Bitcoin is not cash, if I'm correct cash is fiat. Instead of calling it as cash it is a currency and I would say that it can be good as cash, maybe that's the proper and right term for it. Bitcoin is better than cash for us who are using bitcoin but for people that are not using it, cash is what they preferred.

I am confused to see your comment. Are you accepting Bitcoin is cash or not? If you ask me, i say it is cash for me. Yes, i bought many things from this bitcoin, and I sold coins that money I will use in my daily life. It helps me lot in my financial system. So I will be considered the Bitcoin is cash for me.

deisik

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Quote from: bL4nkcode on May 18, 2017, 02:21:59 AM

Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Yes that's true that we can buy things or any digital things/goods using bitcoin but still cash is better than bitcoin you can't use bitcoin in your daily needs like foods or medicines. Though there's an advantage of using bitcoin from cash and that's only here online, but even whatever happens people cant deny that cash has more advantages for our daily needs you cant buy foods or pizza in physical store with bitcoin and waiting 30 mins to 1 hour or more to get 1-3 confirmation of your transaction its gonna annoying from the owner of the store/seller or even the buyer to wait such a ling time and you have to pay ridiculous fee to make it confirm faster

Learn more about Bitcoin payment cards

Quote from: LevshaK1 on May 18, 2017, 05:09:22 AM

Quote from: bryant.coleman on May 18, 2017, 04:41:45 AM

Popularity sometimes depends on the legal status, but as we have seen from the past instances Bitcoin can get popular even in nations where it is banned outright. A perfect example is that of China. The number of Bitcoin users in China continued to grow in 2014 and 2015, despite the government and the authorities coming with all sort of restrictions against the crypto-currency.

Yes, a government ban can be useless if users really need it. For example, drugs are prohibited in many countries, but this does not prevent many from building a business on them. The same with bitcoin.

I somewhat disagree with this stance

While it is certainly true that criminals build their criminal empires around drugs, prostitution, child pornography, human slavery and similar nefarious activities, I don't think anyone in his right mind would equal Bitcoin with these "businesses" even if Bitcoin was equally outlawed. There is a difference, and the essence of this difference is certainly not in the laws regulating all these activities (including outright bans) but rather in the moral, ethical and social aspect of them, i.e. what everyone considers as right or wrong behavior, not some law

batang_bitcoin

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Quote from: Hypnosis00 on May 17, 2017, 10:23:55 AM

Bitcoin is the best form of cash for me because we can use it to buy things and also earn money if we will put it on an investment like in the altcoins that are keep growing now and that is the reason i think that bitcoin is better than cash.

Bitcoin is not cash, if I'm correct cash is fiat. Instead of calling it as cash it is a currency and I would say that it can be good as cash, maybe that's the proper and right term for it. Bitcoin is better than cash for us who are using bitcoin but for people that are not using it, cash is what they preferred.

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