Topic: Why have Bitcoin instead of cash? - page 75. (Read 246148 times)
Because cash is taxable and is centralized
First and foremost, fiat is already doomed since banks are doing their QE shit for quite awhile now just to hold things together and keep things afloat for the mean time. They started doing this way back 2008 since the financial crisis started. Idk how long would they keep on doing it but I know for a fact that that wouldn't hold for a long time and somehow, something's got to give lol. Bitcoin on the other hand is free from these type of scams and whatnot plus it has a potential to increase in value when everything else fails to do so.
They say bitcoin can be manipulated as there are whales who has the capacity to do that but we failed to see the reality in the fiat system, the government is more powerful than bitcoin and they have all the power to manipulate the people which they are doing already.If you have seen news like corrupt officials, they are the people who are making this fiat system unfavorable for us, the value decreases due to inflation and that is because of them for failure to fun the economy in a progressive way. Bitcoin gives us the option to transfer our fiat and treat this as investment, we should not let the government take our freedom to do it, it's for our future and for the humanity.
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.
Easy to use easy to earn can have some free bitcoin just have to search for some faucets,"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.
And I can invest easily using bitcoin.
The technological development reshaped the world in a million of ways, hard cash has been around 12000 years ago and been the value of exchange till now. The combination of wireless transfer and binary digits makes the Bitcoin a unique value of exchange.
Why Bitcoin instead of cash?
Once I have a Bitcoin It is mine and mine alone. It's characteristic that gives you freedom makes the government in fear. The freedom that we seek is not felt in a very long time (Bitcoin might have a chance in this freedom ).
Why Bitcoin instead of cash?
Once I have a Bitcoin It is mine and mine alone. It's characteristic that gives you freedom makes the government in fear. The freedom that we seek is not felt in a very long time (Bitcoin might have a chance in this freedom ).
First and foremost, fiat is already doomed since banks are doing their QE shit for quite awhile now just to hold things together and keep things afloat for the mean time. They started doing this way back 2008 since the financial crisis started. Idk how long would they keep on doing it but I know for a fact that that wouldn't hold for a long time and somehow, something's got to give lol. Bitcoin on the other hand is free from these type of scams and whatnot plus it has a potential to increase in value when everything else fails to do so.
Why have bitcoin instead of cash?
Bitcoin isn't issued by a government that is $20 trillion dollars in debt.
Bitcoin isn't issued by a government that is printing money to over compensate for its wasteful and inefficient spending.
Bitcoin isn't unsustainable unlike social security, healthcare & many social & state run programs.
Bitcoin isn't regulated by corrupt government agencies.
Bitcoin isn't issued by a government that is $20 trillion dollars in debt.
Bitcoin isn't issued by a government that is printing money to over compensate for its wasteful and inefficient spending.
Bitcoin isn't unsustainable unlike social security, healthcare & many social & state run programs.
Bitcoin isn't regulated by corrupt government agencies.
I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?
I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency
It will take some time for most countries in the world to be digital. For some places, there will not be digitisation.
If we are talking about the fact that bitcoin will replace all paper money around the world - then we should understand that this process will take several decades. Many countries do not even know about the existence of a cryptocurrency
I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?
I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency
It will take some time for most countries in the world to be digital. For some places, there will not be digitisation.
Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.
From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash. From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?
I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency
Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.
From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash. From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?
Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.
From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash. From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.
first there was direct trade of item to item, them came the use of trinkets and precious metals like gold(because it doesn't tarnish), then representative currency, which gave people the ability to care large amounts of "money" on them, and also gave others the ability to steal large sums of money quickly and easily....thus credit cards, debits cards and the like...skipping a few steps...then the government and banking corps wrapped those devices in regulations and governance...
crypto has all the benefits of credit/debit accounts...without the controls and games, plus anonymity in varying degrees
crypto has all the benefits of credit/debit accounts...without the controls and games, plus anonymity in varying degrees
Bitcoin is having those advantages that cash money doesn't have like the transactions made online for the money transafers and billing payments, which I can compare to cash payment having very delayed transactions using mostly manual processing. Well those advantages made people to be more stronger to patronize btc as their mode of spending.
3) Fast, worldwide transactions at your fingertips.
Yes, Bitcoin has provided a whole new era of digital transaction. Instead of ruining one's time in long queues, one can send/receive btc with minimal fes
I pick bitcoins.Bitcoins is much easier to use in transaction onlines for me.Also faster transaction than if you send money through remittance center or banks.And the ability of bitcoin for you to generate more money and profit from it
Also the ability to hold 1000$ in your wallet yet no one can know about it even though you can show off with them by signing message with it, while in real life if you just show off your money to strangers they will attack and snatch from you. Hence bitcoins are much better than cash though some changes are still needed, one of them is confirmation issue and another is a easy payment gateway ( which might actually exist but I am unaware of ) 
for my opinion bitcoin is currency very flexible for cross-border transactions in addition to the fee is smaller in the use bitcoin transaction, comparison with western union enormous costs for shipping between countries ..
so in my opinion better than the bitcoin holds cash if it is used for transactions between countries
Yes, compared to western union, but you have to pay the same fee when you're sending to your friend, who is sitting beside you. In such cases cash would have been faster and cheaper.so in my opinion better than the bitcoin holds cash if it is used for transactions between countries
Bitcoin is not universal and it won't overtake cash payments. It has its pros like the cheap and fast overseas transfer you've mentioned, but it also have its cons.
for my opinion bitcoin is currency very flexible for cross-border transactions in addition to the fee is smaller in the use bitcoin transaction, comparison with western union enormous costs for shipping between countries ..
so in my opinion better than the bitcoin holds cash if it is used for transactions between countries
It is better because of many reasons, let me try to count some of them so in my opinion better than the bitcoin holds cash if it is used for transactions between countries
1. Transparent due to block explorer.
2. Easy to use ( just scan and send ! )
3. No chargebacks
4. No account system to make issues when logging in
5. Decentralized and hence no need of document proofs, etc
well. .. I can write a book if I just get going
3) Fast, worldwide transactions at your fingertips.
Yes, Bitcoin has provided a whole new era of digital transaction. Instead of ruining one's time in long queues, one can send/receive btc with minimal fes
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