Topic: Why is Bitcoin better that fiat? - page 9. (Read 7950 times)
bitcoin is better than fiat because because sending big transactions online doesnt cost you big fees like 1% or something
I think using a mixture of all value transfer technologies is where you really begin to enjoy the MAXIMUM benefits of the global economy.
Bitcoin doesn't have to destroy cash for it to be valuable. I think both work very well together and ultimately achieve the same end result of value transmission.
Bitcoin itself simply provides a leaner alternative to global remittance via traditional banking systems and, for the time being, value that is transmitted via the blockchain must be converted into fiat in order to be spent.
However, I think in the next 10 years as adoption increases you'll find that less and less people transfer value off the blockchain in order to spend/invest etc which will do alot to boost bitcoins price - but this wont benefit those that are using bitcoin as a currency, it will benefit those who are using bitcoin as a store of value
Bitcoin doesn't have to destroy cash for it to be valuable. I think both work very well together and ultimately achieve the same end result of value transmission.
Bitcoin itself simply provides a leaner alternative to global remittance via traditional banking systems and, for the time being, value that is transmitted via the blockchain must be converted into fiat in order to be spent.
However, I think in the next 10 years as adoption increases you'll find that less and less people transfer value off the blockchain in order to spend/invest etc which will do alot to boost bitcoins price - but this wont benefit those that are using bitcoin as a currency, it will benefit those who are using bitcoin as a store of value
Of course bitcoin is amazing, with all its amazing features there is even problem when to start. But I gotta agree that so far the best feature of bitcoin is lack of taxes. That is it. If you keep your bitcoin funds secret you don't have to pay taxes. I with it will stay this way forever.
Bitcoin will be taxed like fiat when it is used more. Government will not miss any chance to raise more taxes. The government is too big.
Of course bitcoin is amazing, with all its amazing features there is even problem when to start. But I gotta agree that so far the best feature of bitcoin is lack of taxes. That is it. If you keep your bitcoin funds secret you don't have to pay taxes. I with it will stay this way forever.
it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.
yeahhh you are right, true it
but not prefered,you will waiting for long time to get 1confirmation, if you want to send without fee
u can use xapo wallet
Or you can use coinbase and never think about the transaction fee,
Neither if it gets confirmed or not as always* it gets confirmed.
Yeah it is the freedom owning your own bank and manage your coins.
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.
Haha that chart is awesome i will be using that to link to newbies. Over time fiat and gold become worse options, bitcoin has the chance of hack i guess but seems unlikey.
I beg to disagree on the you can buy everything part. I still can't buy groceries using bitcoin, and I find it rough because we can buy tech devices but not basic commodity. We still need merchants to accept bitcoin and not just users willing to spend.
Honestly, I'm trying to live with only bitcoin, but pizzas for almost everyday isn't healthy, and I can't pay rent with bitcoin.
Honestly, I'm trying to live with only bitcoin, but pizzas for almost everyday isn't healthy, and I can't pay rent with bitcoin.
Yes you can my friend, bitcoin debitcard, simple master or visa, so yes you can buy EVERYTHING with bitcoin, multiple solutions for it...
It's not about taxes, it's about inflation and the fact that bankers enrich themselves over the backs of everyone else by lending money they dont own, and than expecting not only the money itself "back"but also the interest over the money they never owned in the first place.
Bitcoin is the best currency ever.
You can use it in many ways.
You can use it in many ways.
Because there are bigger fees and taxes with FIAT.
But I think if enough people know BTC things may change, sadly
But I think if enough people know BTC things may change, sadly
We shall pay reasonable tax to support the society. I do not mind paying if the tax money is used properly.
it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.
yeahhh you are right, true it
but not prefered,you will waiting for long time to get 1confirmation, if you want to send without fee
u can use xapo wallet
Because there are bigger fees and taxes with FIAT.
But I think if enough people know BTC things may change, sadly
But I think if enough people know BTC things may change, sadly
I think BTC will be fine, FIAT is easy to regulate, BTC not so much, and if a government crack down on BTC use with their citizen, it will just make people turn to stealth services. I think people that get familiar with BTC then realize how much money they are losing to processors, fees and endless taxes.
Because there are bigger fees and taxes with FIAT.
But I think if enough people know BTC things may change, sadly
But I think if enough people know BTC things may change, sadly
It really depends on which field of life you want to use bitcoin or fiat.
For everyday use i prefer more fiat, as most of stores/merchants accepts this.
But i most deal in bitcoin especially for international transfers which makes it easier than banks and low tx fee.
For everyday use i prefer more fiat, as most of stores/merchants accepts this.
But i most deal in bitcoin especially for international transfers which makes it easier than banks and low tx fee.
it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.
bitcoin is also great for online purchases where you can't use cash and there is high credit card fraud.
IMO, in fiat we have to pay some tax when we have/our income is more than the limit. But we don't need to pay even a single sat to hold lot of bitcoins. Because, bitcoins were anonymous and fiats were watched by banks(?)
what are you telling is correct but now all governments are taking steps to get details about bitcoin user and they are implementing bitcoin under law of tax and very soon who ever is holding bitcoins have to give details about all their wallets and declare and pay taxes.
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 the "Sovereign" line item you should switch the red and green color codes.
Why tho? You may be reading "sovereign" as independent or something along the lines. "Sorevering can also be an adj, "of or relating to a sovereign or sovereignty; royal."
It says also "goverment issued". Fiat is goverment issued, Bitcoin doesn't care about goverment. Gold theoretically goes on it's own as well even tho this is delusional, everyone knows govs have control on gold too.
Edit: Ok I just understood you meant only the color and not "low" and "high".
You can access your bitcoin in any parts of the world as long as there is internet access. And you don't need to actually physically carry with it along with you. Also to whichever place you travel to it is more or less an international global currency. No need to go through exchanges just to use it if it one day becomes the common currency accepted anywhere.
i want to ask in real money (cash) we can found "counterfeit money"
how about bitcoin, can someone create counterfeit bitcoin?
how about bitcoin, can someone create counterfeit bitcoin?
Short answer is NO.
well double spending can be seen as a counterfeit money in some way, so the answer isn't really no
there were successful attempt in spending two time your coins in the past
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