Topic: Why some people prefer Bitcoin over fiat ? - page 72. (Read 58499 times)

The people will adopt it, but I am sure the governments will not let that happen because they make no money from it.  Once the government can find a way to make money from bitcoin, I am sure they will adopt it, but, I do not think the people will be enough to keep it standing alone.  Just my opinion.

Not likely to happen, the world is ruled by the government and the rules are created for us to follow. If you see the reality, you can tell that all people are using fiat including the crypto currencies users. I believe that bitcoin will not gonna replace our fiat system, we will not allow it and so the government.

I agree with your points and everyone will definitely adopt bitcoin if they will find that bitcoin is a type of currency with which they can do dealing with any person in any country of the world which before was impossible due to high fes of banks and due to limited service of paypal to limited countries.

yes that is right to say that those people who know about the importance of bitcon and they use online services for buying and selling purpose then these people are giving preference to bitcoin, but i think in future all the people who have access to internet will start using bitcoin as currency and specially for online shopping.

People are mostly using bitcoin as an investment more than a currency. Because there is not a lot of places accepting bitcoin so that people can use it as a currency like fiat, so i don't really feel we should compare fiat and bitcoin right now like this. Because people prefer bitcoin as an investment, as a source of earning profits but not as a currency, atleast not for now.

I don't think in the future , for which some bitcoiner are waiting , will result into opportunity because day by day gambling things increasing speedly without control so here it may be possible that  more country will ban the bitcoin or give some strict rules for bitcoin transactions .
I am heartily  worried what will happen when my country's government will take any bad action against bitcoin .
Here I want to say to everyone ( who involved in illegal  activities ) leave your illegal job with bitcoin at least for drug dealing .

What he said ...

Everyone can use BTC as long as you know how to use a computer and access or connect to internet. I don't remember that bitcoin will only be use by a kind or specific people.
Some people choose to use BTC especially online because there is a great opportunity waiting for us.

There is no way this set of people can be removed from using btc. They are human beings and citizens as well in which case, they also need money for their businesses so if an avenue is created for them to make that happen, I dont think they will be less joyous. The issue of using btc for a particular purpose I will say its more individual than the currency  itself and btc is not in the position to determine who and for what purpose its to be used and also thats what the technology behind it is preaching. FREEDOM.

Its because bitcoin is anonymous .So it makes really easy for a person to hide his black money.Government wont be able to find anyone's money.So person using bitcoin will escape from taxes. Again for transfering money from one part of the world to another , all systems including banks and paypal require a large amount of processing fee ,but bitcoins requires only less amount that too no one can trace your transfer. So definitely people prefer bitcoins over fiat for all these things.

Really? you couldn't understand what actually i said?
Now should see the question, Than reply me. You are also confusing to explain about the thread, what are saying? I don't understand, see in the question, he is blaming to bitcoin, why we are using the bitcoin in these sites over the fiat. "He said people are discuses in this forum about gambling and drug and porn enjoyment because of bitcoin".
Than i explain, we never blame to bitcoin, because it is not because of bitcoin, it is the mistake of our people and also our society.
So can you (rickbig41) explain? what is wrong i said?

Rather than those quoted reason, now most people were using bitcoin as a form of investment. No other investment grows and gains profit similar to other digital currencies or fiat. And it also serves as highly anonymous, which helps avoid taxation problems. These days use of bitcoin into illegal needs have decreased a lot.

I don't know what you are talking about... Bitcoin is currency, and it is being used by people who want to use it, just like any other currency... No one is blaming any one for anything, the thing is, it can be use to pay, and people don't care about the bad publicity it gets when it is tied on a illegal activity... Besides, I haven't seen any currency/ money that is clean/holy, as what the OP might want to see... 

Many reason are here to prefer the bitcoin into fiat, but if you are talking about drug and porn sites and also any bad ways, where people using the bitcoin over the fiat. So don't blame to bitcoin, it is the mistake of the people and also our society. If we can't use the crypto currencies in these sites, than people who are using them, they can't left, definitely, than they will be used fiat currency. 

Currencies are just a means to an end if you buy something with bitcoin that at the end will cause you to have problems with the law in your country, then it means that despite the fact there are no rules in bitcoin that disallow you of carrying such transactions, you are still subject to other laws and that means you are not as free as you might have thought.

How is bitcoin an additional source of income for you? are you talking about signature campaign? for me that doesn't qualify as income, it's just a tiny extra, and if it was not for the signature campaign, I wouldn't be making any bitcoins at all, other than directly buying it which sucks, it feels better when you get paid.

Bitcoin is an additional source of income as well as an investment option for me. I am sure there are many people with the same views. Although it is used in Porn and gambling too, so what ?  Dollars and Euro are also used there. So why only blame Bitcoin ?

I think many user blaming bitcoin as its used for porn or gambling, just because of anonymous feature. But we must have to understand advantage of bitcoin. Bitcoin can give you more mobility, security and safety.
Even while using bitcoins for day to day transactions user are firstly trying for option to buy with BTC if not available then only move to fiat.
It shows interest of new user to get services with Bitcoin.

In coming years this picture will be more clear as business with Bitcoin payments acceptance will increase their user base and revenue also.

actually bitcoin is become more important from time to time and the only reason behind this is that people are now giving preference to bitcoin over fiat. hope that in future all the people of the world will e using bitcoin.

Not entirely wrong but.. (here's a long post)

The number of transactions being made in Paypal in a day proves that a lot of people (buyer or seller) prefer using Paypal. In Paypal, you can simply connect your ATM card and then that's it. You can start paying for anything you want to buy on Amazon, eBay, etc. It's intuitive/user-friendly/noob-friendly so the majority of people like it. Thus, there are more buyers and sellers that use Paypal.

Since there are more sellers that accept Paypal, then that acts as one huge force to make someone who wants to buy something online use Paypal.

And since a lot of buyers are in Paypal, newbie sellers would prefer using Paypal too (regardless of its disadvantages). What they need is audience. All these chargebacks will be battled by them along the way but it shouldn't bother them in the start. It's not on their mind when they were signing up.

When it comes to bitcoins: It's decentralized, fast, and low-cost when it comes to transactions. But all these things do not bother a normal consumer. When they see that they're going to pay, like, a dollar or two for the transaction fee in Paypal, they wouldn't actually mind it. People don't care about these things that much, okay? People like to spend a lot of money when they're shopping most especially when they're buying online because people want to act as if they're rich (even if some aren't) so transaction fees wouldn't bother them.

(so that's my explanation why a basic consumer would prefer Paypal and why sellers should prefer Paypal)

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The only people that sell stuffs that will prefer using bitcoins are the ones that sell bitcoin-related stuffs (i.e. physical bitcoins, bitcoin collectibles, etc) since their buyers would prefer buying using their bitcoins (since they have it).