Topic: Why is Bitcoin better that fiat? - page 11. (Read 7968 times)
Bitcoin lowers barriers for global commerce on the internet by enabling anyone in any country to transact at will 24/7
if we compare it directly to credit card, there is one thing that i like, the fact that i don't need to waste time putting cvv/other crap that can be stolen on a new website that i'm going to try for the first time
Yeah, but private keys and wallets can also be hacked, giving you no alternative but to accept the loss, whereas CC thefts and missuses can be reported and reversed.
If we could make some sort of blacklist for such transactions, that would fix it, but then it wouldn't be as decentralised and "free" as it is now.
imho the biggest advantage of bitcoin (decentralization) is also it's curse, since there's no central entity that would promote it/back it up with some focused exposure.
if we compare it directly to credit card, there is one thing that i like, the fact that i don't need to waste time putting cvv/other crap that can be stolen on a new website that i'm going to try for the first time
I would also add that nobody can take it away from you (well they can if they physically make you). You cannot have it taken by capital controls, banks, governments. So you are pretty much in a sole control of your money. Very important feature if you ask me!
Good post. For me is also better due to the divisibility of it, which allows to earn it in small bits from lots of people.
bitcoin is can become better than fiat.
IMO bitcoin needs to mature first to be able to be considered a replacement for fiat.
i only agree with these
the low fees is awesome and the fast transaction in good if there is not a spam attack happening and if devs find a way to prevent it in the future.
the buying thing is only good if you can buy if directly not through a third party. going through a third party means paying extra money in some cases and also risking your money.
IMO bitcoin needs to mature first to be able to be considered a replacement for fiat.
i only agree with these
- Low Fees: You don't have to pay a 3% fee on transactions
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
the low fees is awesome and the fast transaction in good if there is not a spam attack happening and if devs find a way to prevent it in the future.
Quote
- Decentralized: No one can ever froze your money.
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon
the buying thing is only good if you can buy if directly not through a third party. going through a third party means paying extra money in some cases and also risking your money.
bitcoin is limited and fiat unlimited
and my favorit is
- Decentralized: No one can ever froze your money.
and my favorit is
- Decentralized: No one can ever froze your money.
majority of fiat requires the internet to do the transactions but, the small cash transactions you do at general stores cant b replaced by bitcoin, if the store owner cant have access to the internet in there
This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
I'd like to add Crypto requires the internet for stable & secure transfer, which is not the case for gold/fiat.
Are you kidding me?
How are you going to trade fiat without the internet? Fiat is already electronic money, 90% of fiat is just 0's and 1's inside a centralized ledger..
Physical cash will be eradicated in a decade or so.
Most gold is traded and purchased across the internet, the industry would collapse without it. Gold is not physically moved around to people's houses just because you buy it (unless you are buying small amounts).
basically, you can get a virtual Bitcoin Debit Card from E-Coin that adds so much to Bitcoin! You can purchase things online where they don't accept Bitcoin
Add public ledger. It is such important property for trusted currency, and in distant future it is hard to imagine anyone will want to use currency without public ledger.
Imagine if McDonald or other fast food restaurant implement bitcoin as payment method as well , I can see the efficiency rather than using fiat.
AFAIK my goverment still not legalize bitcoin so I think it will need more time before this can happen
AFAIK my goverment still not legalize bitcoin so I think it will need more time before this can happen
And it's good that you can buy and import high quality illegal drugs in the safety of you own home bought from across the globe.
You cannot do that with fiat. Unless you want the drug dealer to go to your home.
You cannot do that with fiat. Unless you want the drug dealer to go to your home.
This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
I'd like to add Crypto requires the internet for stable & secure transfer, which is not the case for gold/fiat.
Yes, nothing lasts forever, but still, Bitcoin is the best Currency for me
This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.
For some reasons listed below.
- Community: Did you ever see such a huge Community with forums for fiat? Not really.
- Low Fees: You don't have to pay a 3% fee on transactions
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
- Decentralized: No one can ever froze your money.
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon
I know these are things every experienced user knows about, just sharing with newbies!
If you have something to say something great about Bitcoin, post below.
- Community: Did you ever see such a huge Community with forums for fiat? Not really.
- Low Fees: You don't have to pay a 3% fee on transactions
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
- Decentralized: No one can ever froze your money.
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon
I know these are things every experienced user knows about, just sharing with newbies!
If you have something to say something great about Bitcoin, post below.
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