Why is Bitcoin better that fiat? - page 7.

trinaldao

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Post your ann & bounty just contact me

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

i Think i can give you some satosi to buy coffe Cheesy

in future you will see bitcoin everywhere and you will feel regret because you let to buy bitcoin

user64

full member

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Quote from: Amph on October 18, 2015, 05:22:14 AM

Quote from: user64 on October 18, 2015, 03:32:12 AM

Quote from: Amph on October 18, 2015, 03:10:54 AM

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

In your dreams buddy, have you been to a third world country? Try explaining bitcoins to them. They are still having problems integrating mobile money. Ask yourself what percentage of the world owns computers or smartphones? Do some proper research, less than 20% own these devices, So how in God's name are the rest of the masses going to change their mentality when they cannot afford the basic tools??? I have not factored in electricity and internet connections. Its just too expensive and impractical. maybe in the distant future, just not in your lifetime. In the meantime, the scammmers are the benefeciaries.

you're wrong, i've already done my research and it is 3.5B people surfing on the web, so i must assume that they have a device

consider that the other 3.5B people are made of children kid and only a small % of people that cannot actually use internet...

You are wrong buddy. I can see you have a comprehension problem or you are too much in a hurry to fufill your signature campaign quota.

Since when does internet usage data equate to owning a computer or smart phone? Millions of people have used the internet at least once and still dont own a SMART PHONE or a COMPUTER. So how is this going to work? I need to buy bread or fish, do I rush off to the internet cafe to send payment before or after purchase? Or on my way back home from the farm, I need to stop by the local bar to get drunk. You do realise that some communities in asia, africa and southamerica have only 1 or 2 computers serving their entire population? And whenever goverments decide to adopt crypto currencies, what makes you so sure that bitcoins would be the crypto of choice?

Inkvor

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Activity: 553

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Quote from: ?? on ??

In the US, credit cards are still being swiped and signed for at the tills, whereas in europe and in most third world countries chip-and-pin (a more advanced technology) is the norm

yes it is true, i have experienced it .

Quote from: ?? on ??

It's easier for third world countries to adopt new technology

No, its never easy for any country...they have their own corrupt government problems.

Quote from: ?? on ??

Just like how emerging and developing nations skipped landlines and moved straight to mobile technology, they will skip the convoluted 'innovations' offered by the traditional banking system and adopt decentralization

i hope it happens that way ,but bitcoin is alot more than just technology

teddy5145

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Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

Ever heard of Bitcoin Debit Cards?
You can walk to Starbucks and buy your coffee with that

It will become mainstream, we just need to be patient the bitcoin itself only existing for about 3 Years now and there's still so many potential we haven't see from it
The very early adopters of Bitcoin wouldn't have thought that Bitcoin would be this big nor the Community to be this Massive

All we need is some patience and while waiting for that enjoy our fiat money while it last Wink

And for your Information, Im not a scammer and i do enjoy using Bitcoin Roll Eyes

RKing

newbie

Activity: 56

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Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

Bitcoin will used widely in a few decades. But we have to work hard to promote and use it today so the value will increase.

Amph

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Quote from: user64 on October 18, 2015, 03:32:12 AM

Quote from: Amph on October 18, 2015, 03:10:54 AM

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

In your dreams buddy, have you been to a third world country? Try explaining bitcoins to them. They are still having problems integrating mobile money. Ask yourself what percentage of the world owns computers or smartphones? Do some proper research, less than 20% own these devices, So how in God's name are the rest of the masses going to change their mentality when they cannot afford the basic tools??? I have not factored in electricity and internet connections. Its just too expensive and impractical. maybe in the distant future, just not in your lifetime. In the meantime, the scammmers are the benefeciaries.

you're wrong, i've already done my research and it is 3.5B people surfing on the web, so i must assume that they have a device

consider that the other 3.5B people are made of children kid and only a small % of people that cannot actually use internet...

Mickeyb

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Move On !!!!!!

Quote from: user64 on October 18, 2015, 03:32:12 AM

Quote from: Amph on October 18, 2015, 03:10:54 AM

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

In your dreams buddy, have you been to a third world country? Try explaining bitcoins to them. They are still having problems integrating mobile money. Ask yourself what percentage of the world owns computers or smartphones? Do some proper research, less than 20% own these devices, So how in God's name are the rest of the masses going to change their mentality when they cannot afford the basic tools??? I have not factored in electricity and internet connections. Its just too expensive and impractical. maybe in the distant future, just not in your lifetime. In the meantime, the scammmers are the benefeciaries.

All that you have said is right, but don't forget that Bitcoin doesn't need to serve the whole planet, the whole 7 billion people. Let us serve only 500 million people and this would be amazing as well. Even in this situation, Bitcoin would strive to its real potential.

Not to mention that technology will improve and the ease of use of Bitcoin and requirements for using Bitcoin will lower. Heck, I am sure that we will be able to send a transaction by a SMS on Nokia 1110 phone in a couple of years.

user64

full member

Activity: 145

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Quote from: Amph on October 18, 2015, 03:10:54 AM

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

In your dreams buddy, have you been to a third world country? Try explaining bitcoins to them. They are still having problems integrating mobile money. Ask yourself what percentage of the world owns computers or smartphones? Do some proper research, less than 20% own these devices, So how in God's name are the rest of the masses going to change their mentality when they cannot afford the basic tools??? I have not factored in electricity and internet connections. Its just too expensive and impractical. maybe in the distant future, just not in your lifetime. In the meantime, the scammmers are the benefeciaries.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: user64 on October 18, 2015, 02:01:47 AM

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

user64

full member

Activity: 145

Merit: 100

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

JeWay

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Quote from: lightenx on October 14, 2015, 10:15:33 AM

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.

I think the second and the last reason is make sense
But the first reason is kinda doesn't make sense, because there is even a big community for fiat. Everyone that use fiat, I think they're the community. Which means it's bigger than Bitcoin's

dothebeats

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Cashback 15%

Quote from: edric on October 17, 2015, 06:29:31 PM

Deflationary in nature. If you hold dollars and do nothing, you will lose your wealth over time. If you hold Bitcoin and do nothing, in theory, you will gain wealth over time.

Also one thing that I like with bitcoins. Even if you do nothing to increase your wealth, bitcoin does that for you. Though I must say that it is a rather unstable investment too, given that the price could be controlled.

txbtc

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well with BTC, banks never can freeze your assets as fiat and, no one can control what you buy or what you do with your (money) coins

trinaldao

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Post your ann & bounty just contact me

Quote from: TTMNewsMJ on October 17, 2015, 07:44:34 PM

Yes! Bitcoin is the best currency for me.
I hope the government will approve the bitcoin as our legal currency.
So we can use this everywhere without any hesitation.

i doubt the goverment will approve bitcoin as legal currency
bitcoin is decentralization, also anonymity , and don't forget about the fluctuations in the price

TTMNewsMJ

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Yes! Bitcoin is the best currency for me.
I hope the government will approve the bitcoin as our legal currency.
So we can use this everywhere without any hesitation.

Hellacopter

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Quote from: lightenx on October 14, 2015, 10:15:33 AM

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.

I can add the anonymity as great cause making so many people use Bitcoin more than other currencies, you can make your transactions without necessarily publish your identity, name, address and so on. That is not really possible using the other currencies either online or offline

edric

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Deflationary in nature. If you hold dollars and do nothing, you will lose your wealth over time. If you hold Bitcoin and do nothing, in theory, you will gain wealth over time.

tech_solutions

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their are lot of factors where we can find bitcoin is better then fiat, for bitcoin we dont have to give any details about ourself, transaction charges are less and some exchanges give you free of charge transactions and high level security system, where ever we go we can get detail online.

Kazimir

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Quote from: s1ng on October 14, 2015, 11:02:31 AM

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

Why would any government first need to legalize it, in order for a company or anyone to accept whatever the hell they want as a means of payment?

johnyj

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Beyond Imagination

Quote from: Light on October 17, 2015, 08:51:42 AM

Quote from: johnyj on October 17, 2015, 08:44:11 AM

The most significant advantage is its free of entry: Anyone can just buy a miner and start to mine bitcoin, but you can't just buy a printer and start to print fiat money Grin

Similarly, those blockchains that are privately created by governments, banks or enterprises will not have the free of entry property, so they are far less attractive than bitcoin

Free of entry also means that bitcoin will be continuously redistributed in future (in form of fee paid to future miners) to reduce the effect of early adopter wealth concentration, this is another superior property

The problem is it isn't actually free entry. There are associated costs - the miner will likely never/barely pay for itself meaning you are actually taking a loss or a very small profit which you could probably get in other investments. The reality is that Bitcoin isn't better at the moment - simply because there is less ability to use it in comparison to fiat. Sure you can convert it to fiat - but why bother have Bitcoin if you are just gonna convert it.

In a free entry system, the cost will always get close to the product value eventually. As long as there is profit to be made, the cost will keep rising until it get close to price. The important thing is that anyone can participate in the production, not money producer can make money out of nothing, that will be a scam like fiat money

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