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Topic: Why have Bitcoin instead of cash? - page 98. (Read 246169 times)

sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 17, 2016, 03:26:22 AM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
I have to add the convenience of using it, as an important aspect regarding Bitcoin. Using it you can send and receive money simply and safely. It's understandable that at first, people may have some difficulty, because it is something new. But in a short time is possible to realize that it's a user-friendly payment system.
It's not really hard to understand if a person is an open minded person, willing to accept changes at all since this world is moving. We should not be left behind, bitcoin is here to help us and the economy as well. Cash and bitcoin are both useful so we have to use it and only choose depends on the situation or a specific kind of transaction.
sr. member
Activity: 399
Merit: 250
November 17, 2016, 12:48:04 AM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
I have to add the convenience of using it, as an important aspect regarding Bitcoin. Using it you can send and receive money simply and safely. It's understandable that at first, people may have some difficulty, because it is something new. But in a short time is possible to realize that it's a user-friendly payment system.
hero member
Activity: 952
Merit: 500
November 17, 2016, 12:37:46 AM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Bitcoin is really good when it comes in privacy but we can't use bitcoin in everyday lives and needs we can't use that as physical money than cash we can use it for everyday basis and it will work out if we are buying something bitcoin for me is just for trading.

By having bitcoins instead of cash it does not mean that you should keep all your money in bitcoin as that would make you unable to do anything right now because bitcoin is not yet reached every place where we spend money, so it simply means you should keep most of your funds in bitcoin instead of cash and have some money just for your expenditures until bitcoin does not reach mainstream.
It could be the right perception since we are in the crypto, by putting some of our money in bitcoin it shows that we are supporting bitcoin in any way and as a user we have to be optimistic that the future will bring good news to our investment. In my understand, it merely say about investment our money in bitcoin than just putting it solely in the bank.
Sure, there's a lot of investment but bitcoin is the hottest because we are in crypto as you say. The thing is, we are attracted to invest in bitcoin because there are investors who really make money and we want to be like them taking the risk to grow their money.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
November 16, 2016, 11:51:53 PM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Bitcoin is really good when it comes in privacy but we can't use bitcoin in everyday lives and needs we can't use that as physical money than cash we can use it for everyday basis and it will work out if we are buying something bitcoin for me is just for trading.

By having bitcoins instead of cash it does not mean that you should keep all your money in bitcoin as that would make you unable to do anything right now because bitcoin is not yet reached every place where we spend money, so it simply means you should keep most of your funds in bitcoin instead of cash and have some money just for your expenditures until bitcoin does not reach mainstream.
It could be the right perception since we are in the crypto, by putting some of our money in bitcoin it shows that we are supporting bitcoin in any way and as a user we have to be optimistic that the future will bring good news to our investment. In my understand, it merely say about investment our money in bitcoin than just putting it solely in the bank.
sr. member
Activity: 672
Merit: 250
November 16, 2016, 12:31:10 PM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Bitcoin is really good when it comes in privacy but we can't use bitcoin in everyday lives and needs we can't use that as physical money than cash we can use it for everyday basis and it will work out if we are buying something bitcoin for me is just for trading.

By having bitcoins instead of cash it does not mean that you should keep all your money in bitcoin as that would make you unable to do anything right now because bitcoin is not yet reached every place where we spend money, so it simply means you should keep most of your funds in bitcoin instead of cash and have some money just for your expenditures until bitcoin does not reach mainstream.
legendary
Activity: 1036
Merit: 1002
November 16, 2016, 10:59:41 AM
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Bitcoin is really good when it comes in privacy but we can't use bitcoin in everyday lives and needs we can't use that as physical money than cash we can use it for everyday basis and it will work out if we are buying something bitcoin for me is just for trading.
full member
Activity: 158
Merit: 100
November 16, 2016, 10:54:20 AM
If your keys are stored locally, all it would take to steal them is a trojan and a key-logger, in case you encrypt the keys with a password. Could you explain how a 2FA or sms code verification could help you prevent an intruder from stealing your money in that case? You can install an antivirus program, but I've seen many computers heavily infected even if they had it installed and seemingly working.
It basically doesn't matter how much security measures people implement.

If a hacker wants, he can invest a tremendous amount of time and effort into cracking your seized keys, wallet files, encrypted pictures of paper wallets, and the list goes on.

The main point is that you shouldn't save all mentioned above on your computer, as they will be a potential target for certain viruses and hackers.

Everything should be saved in several USB drives and external HDD's that aren't connected to the internet. Paper wallets should be hidden somewhere in your house.

That's what I've been repeatedly telling people in the numerous threads about best web wallets. But they are still thoughtlessly claiming that the Blockchain.info wallet is the best wallet in existence. It seems like they don't fully comprehend that, for example, enabling two factor authentication in that wallet won't help them if their desktop gets infected and, as a consequence, their keys get stolen at the end of the day.

I too often say this. And those people who are not going to spend Bitcoins, they still hold the public purse, and foreign servers. Safety is very important when working with cryptocurrency
hero member
Activity: 742
Merit: 526
November 16, 2016, 10:43:21 AM
If your keys are stored locally, all it would take to steal them is a trojan and a key-logger, in case you encrypt the keys with a password. Could you explain how a 2FA or sms code verification could help you prevent an intruder from stealing your money in that case? You can install an antivirus program, but I've seen many computers heavily infected even if they had it installed and seemingly working.
It basically doesn't matter how much security measures people implement.

If a hacker wants, he can invest a tremendous amount of time and effort into cracking your seized keys, wallet files, encrypted pictures of paper wallets, and the list goes on.

The main point is that you shouldn't save all mentioned above on your computer, as they will be a potential target for certain viruses and hackers.

Everything should be saved in several USB drives and external HDD's that aren't connected to the internet. Paper wallets should be hidden somewhere in your house.

That's what I've been repeatedly telling people in the numerous threads about best web wallets. But they are still thoughtlessly claiming that the Blockchain.info wallet is the best wallet in existence. It seems like they don't fully comprehend that, for example, enabling two factor authentication in that wallet won't help them if their desktop gets infected and, as a consequence, their keys get stolen at the end of the day.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 16, 2016, 06:48:36 AM

Maybe you have not experience losing your bitcoin online that's why you concluded that it's safer, in my point of view this two have different purpose, cash has inflation but bitcoin fights inflation but if we see which has the bigger risk, it should be bitcoin.
the security is not going to be a problem if you can manage to get the possible best security and always be aware,none could access your wallet if your wallet were offline and not connected into internet,also you could just simply use any 2fa and sms code verification triple safety for your security

If your keys are stored locally, all it would take to steal them is a trojan and a key-logger, in case you encrypt the keys with a password. Could you explain how a 2FA or sms code verification could help you prevent an intruder from stealing your money in that case? You can install an antivirus program, but I've seen many computers heavily infected even if they had it installed and seemingly working.
It basically doesn't matter how much security measures people implement.

If a hacker wants, he can invest a tremendous amount of time and effort into cracking your seized keys, wallet files, encrypted pictures of paper wallets, and the list goes on.

The main point is that you shouldn't save all mentioned above on your computer, as they will be a potential target for certain viruses and hackers.

Everything should be saved in several USB drives and external HDD's that aren't connected to the internet. Paper wallets should be hidden somewhere in your house.
it's the holders responsibility to ensure that his bitcoins  were properly taken cared of, if it will be hack then that's because of negligence. I believe it's just right to strengthen the security of your assets although it's not physical and to follow the above-mentioned is a must.
legendary
Activity: 1526
Merit: 1179
November 16, 2016, 06:16:07 AM

Maybe you have not experience losing your bitcoin online that's why you concluded that it's safer, in my point of view this two have different purpose, cash has inflation but bitcoin fights inflation but if we see which has the bigger risk, it should be bitcoin.
the security is not going to be a problem if you can manage to get the possible best security and always be aware,none could access your wallet if your wallet were offline and not connected into internet,also you could just simply use any 2fa and sms code verification triple safety for your security

If your keys are stored locally, all it would take to steal them is a trojan and a key-logger, in case you encrypt the keys with a password. Could you explain how a 2FA or sms code verification could help you prevent an intruder from stealing your money in that case? You can install an antivirus program, but I've seen many computers heavily infected even if they had it installed and seemingly working.
It basically doesn't matter how much security measures people implement.

If a hacker wants, he can invest a tremendous amount of time and effort into cracking your seized keys, wallet files, encrypted pictures of paper wallets, and the list goes on.

The main point is that you shouldn't save all mentioned above on your computer, as they will be a potential target for certain viruses and hackers.

Everything should be saved in several USB drives and external HDD's that aren't connected to the internet. Paper wallets should be hidden somewhere in your house.
hero member
Activity: 742
Merit: 526
November 16, 2016, 06:07:28 AM

Maybe you have not experience losing your bitcoin online that's why you concluded that it's safer, in my point of view this two have different purpose, cash has inflation but bitcoin fights inflation but if we see which has the bigger risk, it should be bitcoin.
the security is not going to be a problem if you can manage to get the possible best security and always be aware,none could access your wallet if your wallet were offline and not connected into internet,also you could just simply use any 2fa and sms code verification triple safety for your security

If your keys are stored locally, all it would take to steal them is a trojan and a key-logger, in case you encrypt the keys with a password. Could you explain how a 2FA or sms code verification could help you prevent an intruder from stealing your money in that case? You can install an antivirus program, but I've seen many computers heavily infected even if they had it installed and seemingly working.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
November 16, 2016, 06:00:11 AM

Maybe you have not experience losing your bitcoin online that's why you concluded that it's safer, in my point of view this two have different purpose, cash has inflation but bitcoin fights inflation but if we see which has the bigger risk, it should be bitcoin.
the security is not going to be a problem if you can manage to get the possible best security and always be aware,none could access your wallet if your wallet were offline and not connected into internet,also you could just simply use any 2fa and sms code verification triple safety for your security
hero member
Activity: 3052
Merit: 685
November 16, 2016, 03:17:43 AM
Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.

I agree you cannot get robbed by someone with cash this is the problem, you are much safer with the bitcoin plus it has more functions too.

indeed, i am agree that bitcoin can not be robbed but for now, i think having a cash is really important too beside we have bitcoin, because cash is still familiar with all people in every country and for bitcoin, there are just a few country that will know bitcoin. but it will not happen if bitcoin is know by every country and every people is using bitcoin, then maybe having bitcoin is a must that we should do.

Yeah both cash and bitc9ins are important it's just for me when it comes to investment I prefer bitc9ins because it's online all you have to do is to have an internet and a smartphone or laptop to do it. And it's more safer.
Maybe you have not experience losing your bitcoin online that's why you concluded that it's safer, in my point of view this two have different purpose, cash has inflation but bitcoin fights inflation but if we see which has the bigger risk, it should be bitcoin.
hero member
Activity: 644
Merit: 500
November 15, 2016, 11:32:50 PM
Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.

I agree you cannot get robbed by someone with cash this is the problem, you are much safer with the bitcoin plus it has more functions too.

indeed, i am agree that bitcoin can not be robbed but for now, i think having a cash is really important too beside we have bitcoin, because cash is still familiar with all people in every country and for bitcoin, there are just a few country that will know bitcoin. but it will not happen if bitcoin is know by every country and every people is using bitcoin, then maybe having bitcoin is a must that we should do.

Yeah both cash and bitc9ins are important it's just for me when it comes to investment I prefer bitc9ins because it's online all you have to do is to have an internet and a smartphone or laptop to do it. And it's more safer.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 15, 2016, 10:08:04 PM
Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.

I agree you cannot get robbed by someone with cash this is the problem, you are much safer with the bitcoin plus it has more functions too.

indeed, i am agree that bitcoin can not be robbed but for now, i think having a cash is really important too beside we have bitcoin, because cash is still familiar with all people in every country and for bitcoin, there are just a few country that will know bitcoin. but it will not happen if bitcoin is know by every country and every people is using bitcoin, then maybe having bitcoin is a must that we should do.
newbie
Activity: 55
Merit: 0
November 15, 2016, 10:03:30 PM
Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.

I agree you cannot get robbed by someone with cash this is the problem, you are much safer with the bitcoin plus it has more functions too.
legendary
Activity: 1932
Merit: 1000
November 15, 2016, 06:03:33 PM
Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.
Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending
bitcoin is already an investment but you can still use it as your daily spend because if you don't use it and just hold it you are not helping bitcoin to be popular.. so better to separate your investment and your spending.. honestly for me i use my bitcoin not daily but weekly in many different way buy domains and hosting and and use bitcoin for paying my and funded my advertising every week..
It helps me a lot the other thing i use it in trading.. it gives me good result and more profit.. ..

bitcoin is indeed very bergunauntuk needs that we need and the price is also always changing so bitcoin more easy for us to take advantage, I am also just as you like to buy hosting and domain for the purposes of my business
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
November 15, 2016, 03:57:13 PM
Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.

Is gambling really important for the long term success of Bitcoin? I'm not going to say that it is totally irrelevant or even detrimental, I just can't understand how it may help Bitcoin given that most people, if not all, are losing in the end, and only a few are winning, I mean, casino owners before all. It is like saying that Las-Vegas casinos help American economy.

This sounds a little bit counterintuitive, to my ears, at least.

Well, casinos is Las Vegas can help the economy. When you think in Las Vegas, probably you think in casinos. It's a touristic attraction there. Everybody who goes to that city, goes to casinos. It can boost the country tourism and consequently, the economy.

About the online casinos accepting BTCs, they can help too, because gambling enthusiasts that use only dollars or local currencies will want to start betting online, and trying this new technology, so more people come to the Bitcoin world, start buying BTCs and moving the Crypto Currencies economy. One thing is correlated to another.
hero member
Activity: 742
Merit: 526
November 15, 2016, 02:45:23 PM
Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.

Is gambling really important for the long term success of Bitcoin? I'm not going to say that it is totally irrelevant or even detrimental, I just can't understand how it may help Bitcoin given that most people, if not all, are losing in the end, and only a few are winning, I mean, casino owners before all. It is like saying that Las-Vegas casinos help American economy.

This sounds a little bit counterintuitive, to my ears, at least.
hero member
Activity: 868
Merit: 500
November 15, 2016, 02:00:58 PM
Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.
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