Why have Bitcoin instead of cash? - page 86.

GMPoison

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Quote from: stadus on January 03, 2017, 12:19:47 AM

Quote from: Roselop on January 02, 2017, 10:54:52 PM

Bitcoin will replace cash in the near future. We are living in the digital world and everybody are now using smart devices.
that is a good condition to help us use bitcoin as cash. payment online by bitcoin is very useful and fast. it helps us save time and money.
We do not wait for long time to accept payment as like traditional currency. I like bitcoin very much.

I don't see that happening in the future, bitcoin will still be the best alternative for cash. The government will always pursue to let us use our own currency and since we are oblige to follow the rules, they can easily make a rule about bitcoin and will force us to patronize our own. It's the weakness of bitcoin when it comes to government interference as bitcoin is decentralized.

Bitcoin being decentralized isn't a weakness to governments, it's a strength against them. It means there's nothing they can do. That's the beauty of it. They can try to fight it, but they would be smarter to support it, which is also scary at the same time because of the potential that this technology has. I personally think bitcoin will lead us to a financial revolution the world has yet to see.

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Quote from: Roselop on January 02, 2017, 10:54:52 PM

Bitcoin will replace cash in the near future. We are living in the digital world and everybody are now using smart devices.
that is a good condition to help us use bitcoin as cash. payment online by bitcoin is very useful and fast. it helps us save time and money.
We do not wait for long time to accept payment as like traditional currency. I like bitcoin very much.

I don't see that happening in the future, bitcoin will still be the best alternative for cash. The government will always pursue to let us use our own currency and since we are oblige to follow the rules, they can easily make a rule about bitcoin and will force us to patronize our own. It's the weakness of bitcoin when it comes to government interference as bitcoin is decentralized.

Roselop

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Bitcoin will replace cash in the near future. We are living in the digital world and everybody are now using smart devices.
that is a good condition to help us use bitcoin as cash. payment online by bitcoin is very useful and fast. it helps us save time and money.
We do not wait for long time to accept payment as like traditional currency. I like bitcoin very much.

GMPoison

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Quote from: ethereumhunter on January 02, 2017, 10:45:42 PM

Quote from: CloudStrife on January 02, 2017, 09:49:20 PM

Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

There are actually fees in Bitcoin, which are the mining fees. But that's not a big problem, in my opinion, since they are relatively low rates. In addition, these fees are required to maintain the quality of the payment system.

tax and fee is different. i don't mind too for the fee when i want to sending bitcoin because the fee its still low until now. but for tax, i think maybe government will do this after they approve bitcoin for used by the people.

In the US at least they've already imposed taxes, so the US govt has definitely at least acknowledged bitcoin.
https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance

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Quote from: CloudStrife on January 02, 2017, 09:49:20 PM

Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

There are actually fees in Bitcoin, which are the mining fees. But that's not a big problem, in my opinion, since they are relatively low rates. In addition, these fees are required to maintain the quality of the payment system.

tax and fee is different. i don't mind too for the fee when i want to sending bitcoin because the fee its still low until now. but for tax, i think maybe government will do this after they approve bitcoin for used by the people.

CloudStrife

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Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

There are actually fees in Bitcoin, which are the mining fees. But that's not a big problem, in my opinion, since they are relatively low rates. In addition, these fees are required to maintain the quality of the payment system.

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Quote from: Babayega31 on January 02, 2017, 04:54:05 AM

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Quote from: GMPoison on January 02, 2017, 01:15:53 AM

Quote from: Maslate on January 02, 2017, 12:35:46 AM

Quote from: GMPoison on January 01, 2017, 03:38:23 PM

There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

You are probably looking only at one page of the book, cash is always better than bitcoin if you have to consider all the factors (strength and weaknesses), we may be bias since we are in the crypto, so we chooses bitcoin blindly. But admit it, we cannot live without cash using bitcoin alone.

Well of course right now cash is better, it's what everyone uses. Of course we cannot live without cash using bitcoin alone. Not yet at least

Yes cash is better so far today because we don't have choice but to keep on using it for our daily lives since bitcoin is not yet accepted globally we can just simply use our bitcoins and exchange it to fiat after it. But in the future many are speculating and saying that cashless society will happen and the medium to be used as main currency will be bitcoin.

Bitcoin is important than cash because aside from cash it can be use for other purposes like paying some other obligation that loading directly to the mobile phone numbers while in cash it is hard because we go to places like store to pay but otherwise cash also is very important to the people in offline payments. Bitcoin is a principle of online payment transaction without filling out an online account for fiat deposits, btc can be directly converted to fiat and do online transactions.

I would say that both of them are important. You need to realize on how it is important to have cash because there are communities that aren't yet accepting and doesn't have knowledge about bitcoin. So by means of cash, they can keep on trading and have their transactions without any problem, that's the reality so far.

I agree to you bro , Your right some communities are knowledgeless when they hear bitcoin they dont know it and they surely didnt adopt it. We can hope that in the future they will accept bitcoin as the payment for their products/services.

hase0278

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I rather have bitcoin instead of cash because it is like a portable bank in my opinion. I can convert it to fiat anytime I want and get the money I got from converting from bitcoin fast here in my country. Also, it is easier to use on online transactions, unlike fiat that is hard to use on online transactions, since sometimes you have to give credit card information or risk your identity.

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Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

A part from it being easier to use than cash, bitcoin has a lot of potential, it gives us freedom to work on the internet and to make profit and get paid for doing various things a thing that has a lot a value and keeps on going up every day, and bitcoin is secured which makes it harder to steal than real money.

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Quote from: GMPoison on January 02, 2017, 01:15:53 AM

Quote from: Maslate on January 02, 2017, 12:35:46 AM

Quote from: GMPoison on January 01, 2017, 03:38:23 PM

There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

You are probably looking only at one page of the book, cash is always better than bitcoin if you have to consider all the factors (strength and weaknesses), we may be bias since we are in the crypto, so we chooses bitcoin blindly. But admit it, we cannot live without cash using bitcoin alone.

Well of course right now cash is better, it's what everyone uses. Of course we cannot live without cash using bitcoin alone. Not yet at least

Yes cash is better so far today because we don't have choice but to keep on using it for our daily lives since bitcoin is not yet accepted globally we can just simply use our bitcoins and exchange it to fiat after it. But in the future many are speculating and saying that cashless society will happen and the medium to be used as main currency will be bitcoin.

Bitcoin is important than cash because aside from cash it can be use for other purposes like paying some other obligation that loading directly to the mobile phone numbers while in cash it is hard because we go to places like store to pay but otherwise cash also is very important to the people in offline payments. Bitcoin is a principle of online payment transaction without filling out an online account for fiat deposits, btc can be directly converted to fiat and do online transactions.

GMPoison

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Quote from: GMPoison on January 02, 2017, 01:15:53 AM

Quote from: Maslate on January 02, 2017, 12:35:46 AM

Quote from: GMPoison on January 01, 2017, 03:38:23 PM

There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

You are probably looking only at one page of the book, cash is always better than bitcoin if you have to consider all the factors (strength and weaknesses), we may be bias since we are in the crypto, so we chooses bitcoin blindly. But admit it, we cannot live without cash using bitcoin alone.

Well of course right now cash is better, it's what everyone uses. Of course we cannot live without cash using bitcoin alone. Not yet at least

Yes cash is better so far today because we don't have choice but to keep on using it for our daily lives since bitcoin is not yet accepted globally we can just simply use our bitcoins and exchange it to fiat after it. But in the future many are speculating and saying that cashless society will happen and the medium to be used as main currency will be bitcoin.

I don't think it's a matter of if, but when. How much time will it take for us to figure out ways to make bitcoin easier to use and easier to understand? When that happens - however many months or years away that may be - the world will change forever.

GMPoison

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Quote from: Maslate on January 02, 2017, 12:35:46 AM

Quote from: GMPoison on January 01, 2017, 03:38:23 PM

There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

You are probably looking only at one page of the book, cash is always better than bitcoin if you have to consider all the factors (strength and weaknesses), we may be bias since we are in the crypto, so we chooses bitcoin blindly. But admit it, we cannot live without cash using bitcoin alone.

Well of course right now cash is better, it's what everyone uses. Of course we cannot live without cash using bitcoin alone. Not yet at least

Maslate

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Quote from: GMPoison on January 01, 2017, 03:38:23 PM

There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

You are probably looking only at one page of the book, cash is always better than bitcoin if you have to consider all the factors (strength and weaknesses), we may be bias since we are in the crypto, so we chooses bitcoin blindly. But admit it, we cannot live without cash using bitcoin alone.

GMPoison

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There are a countless number of reasons why bitcoin is superior that I'm sure have all been aforementioned here.

Ewinsane

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Well in my opinion the bitcoin has a lot of advantages if you compare it with the normal cash in real life.
Firstly you can not lose it at all so that is the first sweet reason why its better.
Another reason is due to the fact its much safer, you can get robbed and mostly if people break in your house there is nothing weird, no cash.
I think cash is also a old method to pay, everything is gonna be digital in the future.

virusasog

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Quote from: Pattart on January 01, 2017, 12:39:07 AM

Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

The world today is in need of transactions quickly and can be used anywhere (flexible). while cash does not meet it, certainly if bitcoin released version cash, it would be a setback technology

Its perfect point bro, cash cannot able to act as money as well transaction, it needs some effort to like western union or something but bitcoin can be money as well as transaction medium to transfer anywhere in the world.

mastica

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Bitcoin does charge small fees, and you can see always the ammount you will pay as you fill the ammount of your transactions. Bitcoin does have a huge power to grow over time, something we dont see with fiat. Besides that bitcoin its free without no one controlling your funds besides you, soo you can moove and invest anytime those money without ask permission.

Tanic

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Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

Where did you see that transactions in bitcoin doesn't ask any taxes?
As I know there is taxes for every transaction with bitcoin. Yes, that percent is little, but there is. And bigger tax you have to pay for cashing out your bitcoins. And unfortunately not every place accept bitcoin as payment yet. So today cashing out is the necessary thing almost with all operations with bitcoin.

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Quote from: Pattart on January 01, 2017, 12:39:07 AM

Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

The world today is in need of transactions quickly and can be used anywhere (flexible). while cash does not meet it, certainly if bitcoin released version cash, it would be a setback technology

Well this applies mainly to transactions done online or digitally. The problem is, most transactions that are more on necessity are not done online but through physical exchange. Things like food, clothing, medicine and real time purchases still rely heavily on cash exchange so we can't really say that having bitcoin, even though it brings a lot of benefits to the table, is better than having physical money.

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Quote from: guoyu78 on December 31, 2016, 01:32:17 AM

i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .

The world today is in need of transactions quickly and can be used anywhere (flexible). while cash does not meet it, certainly if bitcoin released version cash, it would be a setback technology

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