Why some people prefer Bitcoin over fiat ? - page 54.

anhhung409

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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 better than fiat in many respects. Besides, some places Bitcoin is not taxed, and fiat is.
Not all Bit users are bad, only some people abuse its nature to do illegal things, so more Bitcoin users than fiat.

minizi99

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Quote from: Noore Najjar on July 16, 2017, 11:45:51 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.

i dont think so , i personally never seen user that using bitcoin for bad purpose , mostly people using it for buying stuff online , buy games on steam and maybe investing or trading , but its only few people use it for bad purposes , probably what you referring for buying drugs , porn etc is from dark web because bitcoin is the only main currency there

Everyone sees what he wants to see. For example, I see what bitcoin is used for investment and profit. Bitcoin is a great way to make money. And you can use any currency for "bad" purposes, not just bitcoin

Noore Najjar

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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 dont think so , i personally never seen user that using bitcoin for bad purpose , mostly people using it for buying stuff online , buy games on steam and maybe investing or trading , but its only few people use it for bad purposes , probably what you referring for buying drugs , porn etc is from dark web because bitcoin is the only main currency there

arlinxoha

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We know that Bitcoin is a big industry that can reach people of all countries and Bitcoin can be a new currency for every one. Bitcoin has negative aspects such as positive aspects. But I think that the positive side is more. Bitcoin is widely used in porn sites, gambling and drug dealing sectors, but it is not that Bitcoin is bad, we should not use it. In fact, Bitcoin changed the financial condition of many people.

minhquang3869

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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's because of the need to use bitcoin, bitcoin to fall into the wrong hands, it will be used for bad purposes, we should not be dumped for bitcoin as it is only a dependent currency user.

BCTalkaccountforsale

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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.

It depends on the needs of each person, that is their bitcoin right only to sell without a bad meaning there, because the bad guys own it and only use it for bad things.

phantuan123321cxz

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For me, I prefer bitcoin over fiat, because bitcoin is priced higher than fiat, but in my country I do not allow bitcoin usage so I have to convert bitcoin into fiat for use, so I want to have more bitcoin than to convert fiat to use.

Ziskinberg

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Quote from: Zemangat on July 16, 2017, 08:43:33 AM

Good or bad bitcoin depends on the user. I think the bitcoin creator is not aiming for the negative things as you mentioned. I'm sure bitcoin creators have a better purpose than what we think. We already feel the positive impact of the use of bitcoin such as ease in transactions trading and buying.

The creator invented bitcoin to deliver a decentralized system, that's all and the way it is used will always depend on us, we can use it for illegal activities and we will have to pay the penalties in the event we will be caught. Do not believe that transactions cannot be trace because government are already making a law to regulate bitcoin to still maintain the law and order and fighting the money laundering which some people think could be rampant using this technology.

choppork

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Some people prefer bitcoin over fiat because it's a much better choice if you don't want to end up holding money that doesn't have a value. Just like what happened in Zimbabwe, the same thing might happen to you too. Actually, if you don't like bitcoins at all and you're doubtful about its future, then use dollar instead. Anytime you can convert dollars to your local currency by going to the mall and looking for a currency exchanger. Sure you can't pay with dollars directly but I think that's a small price to pay for saving yourself from the never-ending inflation of fiat.

Bitcoin can do the same thing but the future of bitcoin is rather uncertain. It's not backed by anything. The whole thing is a bubble. It's all about trust but bitcoin is still a risky investment if you ask me. Just like today, the price went below 2000$ and that's such a terrifying for people who bought bitcoins above that price.

Zemangat

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Good or bad bitcoin depends on the user. I think the bitcoin creator is not aiming for the negative things as you mentioned. I'm sure bitcoin creators have a better purpose than what we think. We already feel the positive impact of the use of bitcoin such as ease in transactions trading and buying.

deppil

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Quote from: malikusama on July 07, 2017, 12:05:47 PM

People prefer bitcoins over fiat because it is now becoming easy to use and its worth is increasing day by day. Bitcoin is a digital currency like other currencies, if people can spend their dollars in gambling, porn sites and drugs dealing then why they can't use their bitcoins after all it is also a currency.

I think fiat is easier to use than bitcoin, people prefer bitcoin because in certain fields bitcoin is better than fiat. For example bitcoin is a profitable commodity and fiat only currency, certainly people will use bitcoin to invest rather than just let their money be saved

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Quote from: RudyCenJia on July 11, 2017, 02:38:04 AM

There can be certain restrictions that can only be bypassed by bitcoin.

For example, in many countries, minors can not open a bank account on their behalf without parental consent. More importantly, the whole country is limited by things like the stock exchange, Mutual Funds, etc. Undecided

I know a friend who is underage and already making good money in bitcoin, that will only prove that bitcoin can make
things possible when it comes to investment. What we can earn now will surely be more valuable in the future but we all end up
exchanging it to fiat. I think the future, local exchanges will more strict and we will be having a hard time to cash out if we are minors.

RudyCenJia

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There can be certain restrictions that can only be bypassed by bitcoin.

For example, in many countries, minors can not open a bank account on their behalf without parental consent. More importantly, the whole country is limited by things like the stock exchange, Mutual Funds, etc. Undecided

highlandknight

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The benefits of bitcoin are more compared to fiat, so many people are preferring bitcoins. The percentage of investors also increasing in all countries as of its multi-purpose technology.

ladydark

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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 currency is free to use for every one either for good or for bad.Just like internet,no one could control it.In earlier times,bitcoin was mostly used for illegal activities like buying drugs,etc.But nowadays,bitcoin has investors globally and it is used for all purposes.People indulging in illegal activities have shifted their attention to fully anonymous coins like monero,Zcash.

steampunkz

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In my opinion, Because of the increasing price of bitcoin, Some people bank bitcoin for future purposes. But for me its balance or depend on my current financial needs. Like example in this forum BTC is the primary payments for your online jobs so the payments i received is stored in my wallet, But in case I need some money. I will withdraw it in fiat currency.

jc89

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I think that people prefer Bitcoin over fiat because its value is higher than any currency. And also if a country experiences an economic crisis, its currency's value will depreciate faster unlike bitcoin which I think will not be affected by an economic crisis. With traditional currency, funds can be frozen or seized by an intermediary or by the government. They may also prohibit transactions for goods or services as they desire. Another thing is that bitcoin is undestructible and is easy to carry because it is electronic. Imagine when you do your laundry and forgot to check the pockets of your pants only to find out later that you have cash in it. That is devastating, right? Lastly, it is hard to apply for a savings account in banks. Lots of paperworks and you need not just one but set of IDs issued by the government. Wherein in bitcoin, there's lesser requirements and no paperworks and forms to fill out.

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Quote from: stadus on July 10, 2017, 10:35:38 PM

Quote from: chocolah29 on July 10, 2017, 09:30:58 PM

Quote from: Pattart on July 10, 2017, 08:37:23 PM

Quote from: malikusama on July 07, 2017, 12:05:47 PM

People prefer bitcoins over fiat because it is now becoming easy to use and its worth is increasing day by day. Bitcoin is a digital currency like other currencies, if people can spend their dollars in gambling, porn sites and drugs dealing then why they can't use their bitcoins after all it is also a currency.

Because users choose bitcoin as an investment instead of as their currency. Of course they would prefer fiat as their currency because it is easier to use and accept wherever, bitcoin is preferred because the profitable bitcoin investment and fiat can not do that

Personally, i would prefer fiat than bitcoin of course fiat is widely use by all levels of society that unlike bitcoin only the middle to high class people knows and can use bitcoin. No transaction fee and no long waiting of confirmation. Less hassle and more convenient. Let's admit there's pros and cons in everything

I prefer fiat when it comes to payment but in investment bitcoin is something that could give us a fortune in the future.
There is no need actually to choose because both are beneficial to our life and we cannot compare the power of fiat to bitcoin as
we simply know who is the most powerful and that is fiat.

Bitcoin is very well suited to be invested, Many people who make a profit by investing Bitcoin. That's why I also invested.

Rajamuda

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I agree with you, I do not like such abuse. Hopefully it is not prolonged. In general, people prefer bitcoin to one of them because Bitcoin does not have an intermediary that controls it, there is more freedom to transact. With traditional currency, funds can be frozen or seized by intermediaries (such as PayPal, bank, or credit card company) or by the government. Intermediaries can also prohibit transactions for goods or services they want. If the intermediary decides they do not want to let you make certain transactions, they can stop them. Company payments like PayPal have been reported to have prohibited transactions involving sexual content. If you own a porn company or adult toy business, you may not be able to use PayPal. While in bitcoin there is not yet such prohibition.

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Quote from: chocolah29 on July 10, 2017, 09:30:58 PM

Quote from: Pattart on July 10, 2017, 08:37:23 PM

Quote from: malikusama on July 07, 2017, 12:05:47 PM

People prefer bitcoins over fiat because it is now becoming easy to use and its worth is increasing day by day. Bitcoin is a digital currency like other currencies, if people can spend their dollars in gambling, porn sites and drugs dealing then why they can't use their bitcoins after all it is also a currency.

Because users choose bitcoin as an investment instead of as their currency. Of course they would prefer fiat as their currency because it is easier to use and accept wherever, bitcoin is preferred because the profitable bitcoin investment and fiat can not do that

Personally, i would prefer fiat than bitcoin of course fiat is widely use by all levels of society that unlike bitcoin only the middle to high class people knows and can use bitcoin. No transaction fee and no long waiting of confirmation. Less hassle and more convenient. Let's admit there's pros and cons in everything

I prefer fiat when it comes to payment but in investment bitcoin is something that could give us a fortune in the future.
There is no need actually to choose because both are beneficial to our life and we cannot compare the power of fiat to bitcoin as
we simply know who is the most powerful and that is fiat.

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