Why some people prefer Bitcoin over fiat ? - page 40.

mustakforum

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Yes they are the wrong group of people using bitcoin. If bitcoin is already used to buy drugs there may be a rule that will be issued to prohibit the use of bitcoin throughout the country. If that happens then it is certain that bitcoin will lead to death.

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

I think that was not the reason why bitcoin was made and established. Because what you have stated are some of the various ways people tend to spend their bitcoin earnings and must not be connected to the reason why bitcoin was established. In fact, bitcoin was made to upgrade our real money into a virtual one to get along with the rise of the technology. It depends upon the people especially the user on how responsible he is on using his bitcoin earnings.

marcuslong

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People will preferred to use bitcoin over fiat because bitcoin has the very big potential to grow with in a month not unlike in fiat even you had a big deposit in banks when they give you 2% of interest and having income to it then people will see the difference once they hold or save their bitcoin it will grow automaticaly once the price will grow however if they took the chance to trade and buy another alternative coins they the more the bigger you will get the profit.

WatchMaker

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PUFFY FINANCE

Bitcoin tends to add more value in time while fiat doesn't do so in a small period of time.
Bitcoin value is increasing exponentially in a small period of time while fiat gives small amount of interest for a long time.

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Quote from: ApocalypseNow on September 05, 2017, 03:32:28 AM

Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

How about fiat? Isn't it also used in porn sites, gambling, drug dealing and other illegal transactions. Like you said, blockchain is a good technology so we must emphasize all it's good uses and benefits within society.

Correct the argument of the op does not hold any water, bitcoin is not some kind of moralist coin that is going to solve all our problems, bitcoin is a currency and it is going to be used to buy what people want with it and that includes legal and innocent things like electronic products, computers, digital products and the like, but people also use their money to buy all kind of illegal things and some are going to use bitcoin for that.

Lubang Bawah

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Because with bitcoin everything is getting better and easier than cash/fiat, we all know that online transactions with bitcoin are so massive that I really like bitcoin rather than cash/fiat.

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Quote from: 8Habits on September 12, 2017, 02:11:46 AM

Quote from: sumangs on September 12, 2017, 12:33:41 AM

Because it is more convenient than fiat and has many benefits. Digital coins could br flexible in the future since in that time there will be digital revolution and bitcoin is one of it. So therefore bitcoin will prefer over fiat

Finland financial institutions praise the concept of blockchain which was conceptualized first by bitcoin. Many investors are loving the concept of being not regulated by the government and can be use by anyone and in anywhere as long as there is some internet connections.

Blockchain technology has introduced world with the new ways of money. It is smart of Finland to accept and admire this new technology.
The best thing about cryptocoins is the provision of freedom of control, with no government interference and people really enjoy this. Indeed, bitcoin is a revolutionary invention.

albertvert

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Quote from: Lalafell on September 12, 2017, 11:14:54 AM

Quote from: ralle14 on December 22, 2016, 05:18:30 AM

Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.

Actually, bitcoin is absolutely tax free and they prefer to use it because you may use it in different kind of transaction even it is on online or offline store. In addition to that, they know that bitcoin has a high value in market and every time the price of bitcoin goes up while the price of fiat is stable.

I think the same.The cost of Fiat is stable for long periods. It will vary only if the government announced official. Or else the price is stable. But the price of bitcoin is not like that. It will not depend on the government. It's also a tax free currency. This are the reason, people prepare on bitcoin instead of Fiat.

Lalafell

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Quote from: ralle14 on December 22, 2016, 05:18:30 AM

Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.

Actually, bitcoin is absolutely tax free and they prefer to use it because you may use it in different kind of transaction even it is on online or offline store. In addition to that, they know that bitcoin has a high value in market and every time the price of bitcoin goes up while the price of fiat is stable.

Aztek

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Quote from: alani123 on December 22, 2016, 05:25:49 AM

There can be certain restrictions that only bitcoin can bypass. For example, in many countries, underage people can't open bank accounts to their name without parental consent. Bit more importantly, entire countries are limited by things like capital controls, like here in Greece.

People while prefer to do transactions that are basically uncommon in the fiat system deaks to used Bitcoin to evade the restrictions. So formally bitcoin could serve a better way of transaction for faster and reliable form of transaction setting a more established way if transaction as well as earning.

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Quote from: HasHe on September 12, 2017, 09:04:12 AM

It was only in early stages of bitcoin that it was mainly adopted by dark markets due to its anonymity and used it for trading illegal products.But,now things have almost changed and now bitcoin has investor base all over the world and it is widely used for trading purposes and bought as an investment.Bitcoin has traveled far ahead from its early stage and its now totally not in need of such dark markets for its progress.Now,dark markets have changed their attention towards altcoins like Monero which provides full anonymity.So no more blames on bitcoin.

I agree with you. Investing and trading are the two main purposes which make more people using bitcoin. Bitcoin does give profit to the people, that is why they choose bitcoin over fiat. Holding fiat gives us nothing and the longer we hold, the the less value it can be because of the inflation inside FIAT

Colt81

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

They prefer to use bitcoin over fiat because it is widely accepted in some sites like gambling and many more. They also use it to make more income and they know that the price bitcoin is always increasing and when the price of bitcoin is continue to increase it will result to a high income.

assyla

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Bitcoin is a money. Money is used to buy goods, things, etc. The point is Money can be used to buy legal things but unfortunately i can also used to buy illegal things but that is not the reason why bitcoin exist. It is exist for us to become easy our daily lives but this thing is always dependent to the handler so some of it become abused and use for illegal things.

HasHe

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It was only in early stages of bitcoin that it was mainly adopted by dark markets due to its anonymity and used it for trading illegal products.But,now things have almost changed and now bitcoin has investor base all over the world and it is widely used for trading purposes and bought as an investment.Bitcoin has traveled far ahead from its early stage and its now totally not in need of such dark markets for its progress.Now,dark markets have changed their attention towards altcoins like Monero which provides full anonymity.So no more blames on bitcoin.

dragon695

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Decentralized Ascending Auctions on Blockchain

No. That the things they say to make many people join crypto world so they can cash out large money back to fiat ez

lili song

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Yesssss, I agree !

Bitcoin is very valuable and it is unfortunate if misused for watch pornography and buy drugs.
Now young generation is very smart, they are also easily affected because they are very young and still unexperience so they can attract to buy something bad like porn stuff etc

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Quote from: Roboabhishek on September 12, 2017, 07:12:18 AM

I think they like holding Bitcoin over fiat is either they want to store their black money in the form of untraceable bitcoins or they want to keep bitcoins like some people like to store gold as Bitcoin is promising and reliable. Looking forward to hearing what others think about it Cool

I have also heard this before but what I don't understand is that how would they be able to convert so much of their lack money into bitcoin without any problem as what I think is people have black money in abundance and there will be a problem for them to find a local dealer with so much bitcoins who is willing to sell them.

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

rich people only have used bitcoin for me i think they used it in a darkweb/deepweb this is a site that you only need bitcoin and not the fiat its online that allows you to buy illegal drugs, illegal firearms, illegal trafficking hiring killer and child pornography.

Roboabhishek

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I think they like holding Bitcoin over fiat is either they want to store their black money in the form of untraceable bitcoins or they want to keep bitcoins like some people like to store gold as Bitcoin is promising and reliable. Looking forward to hearing what others think about it Cool

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Quote from: Wingo on September 12, 2017, 03:56:45 AM

The misuse of bitcoin cannot be controlled because it is decentralized and it cannot be easily tracked because of its anonymity and that's why people who have the urge to do these illegal, acts use bitcoin.

We can't prevent that from happening. Bitcoin is money so everyone is using it the same as whatever they do with their real money.

All I can say to OP is to stop attaching his/her emotion to Bitcoin, it won't bring any good in the future. He might end up paranoid when he see someone who is using Bitcoin in the way that he/she don't like.

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