Why some people prefer Bitcoin over fiat ? - page 76.

genos

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Quote from: aryana42 on January 04, 2017, 12:25:18 PM

Maybe main reason people prefer bitcoin is fast transactions also has low fees. Bitcoin can be used so easily

The transaction of bitcoin is fast but the confirmation is around 10 minutes until one hour. But about fees i am agree that transactions fees of bitcoin is cheap it can become a reason to prefer anyone to use bitcoin

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Quote from: acroman08 on January 05, 2017, 05:14:14 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.

Well, bitcoin being used in illegal transactions is unavoidable. the features of bitcoin made it possible for traders, investors, gamblers, drug lords or even terrorists to use it in their favor for easier transactions and for-profits as well, etc...
I wouldn't say bitcoin is being misused just because it is being used for illegal transactions because every currency is being used
for illegal transactions and this individual picked bitcoin because of its features that can be used in their favor.
and for the future generation, it is up to them on how will they accept bitcoin and how will the use it.

there is always a positive and negative for some product and we don't have to go with wrong way like other people in out side but we should use bitcoin for good purpose.

and for now i think many people will prefer with bitcoin over fiat its because the bitcoin price is increase in higher than we can expected. i hope that many investor will invest their money in bitcoin so bitcoin will be adopted in many places.

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Quote from: cryptoanalyzer on January 04, 2017, 09:46:39 PM

Lots of places to spend your bitcoins on. You don't have to spend it on those subjects you mentioned

It depends. Maybe in your place there are lot of places but not in mine. It is hard to see a stall with a sign that accepts bitcoin. It is always changing it to hard cash first before you can even spend it. Now, I have just been doing online buying instead of going to the mall.

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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.

Well, bitcoin being used in illegal transactions is unavoidable. the features of bitcoin made it possible for traders, investors, gamblers, drug lords or even terrorists to use it in their favor for easier transactions and for-profits as well, etc...
I wouldn't say bitcoin is being misused just because it is being used for illegal transactions because every currency is being used
for illegal transactions and this individual picked bitcoin because of its features that can be used in their favor.
and for the future generation, it is up to them on how will they accept bitcoin and how will the use it.

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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.

Even i have seen it from different places where people are misusing the bitcoin for porn, drugs etc. It is not their mistake because the person who is selling all those porn, drugs are making bitcoin technology into problem. Once this issue is keep raising means definitely bitcoin will be in problems. Why they are dealing with bitcoin is because no one can identify the transaction to whom he is sending.

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Quote from: Dudeperfect on January 05, 2017, 03:55:35 AM

Quote from: tusziget on January 05, 2017, 03:38:43 AM

I don't think,that Bitcoin is used only in those "sensitive" areas.Bigger part of Bitcoins are used on serious platform too:trading,e-commerce and there are so many other activities.Some people may abuse cryptocurrencies,but I think we cannot generalise at all.

Exactly, bitcoin has shown a rapid growth in comparatively less time as that of gold or other commodities, so we have experienced the potential of bitcoin, and even if it use utilized for those activities, I see a great picture shortlyin near future considering the activities of bitpay and zebpay, etc. We have not yet accepted it fully (I mean in most of the countries you can’t spend bitcoins directly, so you have to convert it in fiat) and hence there are lots of opportunities and it will be too early to generalise it.

Most of people decide to buy bitcoin because they realized what kind of big fraud our actual finance system. Bitcoin very useful to send money to other with low fee and fast.

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Quote from: tusziget on January 05, 2017, 03:38:43 AM

I don't think,that Bitcoin is used only in those "sensitive" areas.Bigger part of Bitcoins are used on serious platform too:trading,e-commerce and there are so many other activities.Some people may abuse cryptocurrencies,but I think we cannot generalise at all.

Exactly, bitcoin has shown a rapid growth in comparatively less time as that of gold or other commodities, so we have experienced the potential of bitcoin, and even if it use utilized for those activities, I see a great picture shortlyin near future considering the activities of bitpay and zebpay, etc. We have not yet accepted it fully (I mean in most of the countries you can’t spend bitcoins directly, so you have to convert it in fiat) and hence there are lots of opportunities and it will be too early to generalise it.

tusziget

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I don't think,that Bitcoin is used only in those "sensitive" areas.Bigger part of Bitcoins are used on serious platform too:trading,e-commerce and there are so many other activities.Some people may abuse cryptocurrencies,but I think we cannot generalize at all.

NEWGOODOUBLE

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Quote from: cryptoanalyzer on January 04, 2017, 09:46:39 PM

Lots of places to spend your bitcoins on. You don't have to spend it on those subjects you mentioned

bitcoin might be confidential and anonymous to conduct transactions. using bitcoin to transaction then it will be much more secretive. different when you use fiat. but certainly spending choicewill be much more on fiat

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Quote from: Lauren Smith on January 05, 2017, 01:56:02 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.

Why is porn and gambling misuse ? Why is buying drugs misuse ? Who sre you to judge others ! I dont k ow why you habe porn there.
Also gw!bling doesnt hirt anyone only the addict but that is their fault. Drugs are up to the user. If they want to take drugs fine. I dont see how any of this has anything to do with anything. Why did you make such a thread ?

It is depending on the people on how they will use there bitcoin even if it is good or bad purpose. Bitcoin has a really good advantage if you will use bitcoin on these things. Buying these illegal things on the internet is one of the advantage of bitcoin.

But for me Im using bitcoin in order for me to earn money for my daily expanses and as my sideline work. Im happy that every day Im earning bitcoin that I use for my expenses.

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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.

Why is porn and gambling misuse ? Why is buying drugs misuse ? Who sre you to judge others ! I dont k ow why you habe porn there.
Also gw!bling doesnt hirt anyone only the addict but that is their fault. Drugs are up to the user. If they want to take drugs fine. I dont see how any of this has anything to do with anything. Why did you make such a thread ?

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With the bitcoin there can be done so much more, its easier and can be used almost everywhere on the freaking planet.

cryptoanalyzer

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Lots of places to spend your bitcoins on. You don't have to spend it on those subjects you mentioned

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Quote from: aryana42 on January 04, 2017, 12:25:18 PM

Maybe main reason people prefer bitcoin is fast transactions also has low fees. Bitcoin can be used so easily

Yes, probably those people( include me) are already knew that bitcoin give so many advantage for us. Bitcoin is really secure, can be use anywhere, the world wide transaction that faster than bank, low fee, protect our identity and make payment by phone is so practicaly.

fuathan

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Because of its scarcity. We even don't know how much gold does world have but we already knew that there will be only 21 million bitcoin.

People don't understand how BTC is scarce and what is its real potential.

pinoycash

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Quote from: aryana42 on January 04, 2017, 12:25:18 PM

Maybe main reason people prefer bitcoin is fast transactions also has low fees. Bitcoin can be used so easily

Most people used Bitcoin as a alternative mode of transfer compare to USD the transfer fees are sky high plus the documentation and the waiting time. but in the end they will convert it to FIAT for daily uses

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Quote from: delliaerd on January 03, 2017, 08:59:06 PM

I think the reason of some people prefer bitcoin over fiat is becouse fiat value is always decrease, even USD is the strongest money but it is decrease too. So when some fiat price such bolivar is fall against USD. People who use it will safe their wealth by change their fiat into Bitcoin or USD as soon as possible. People who choose Bitcoin was make right decision, becouse bitcoin price is about $1000 now.

Yeah the dollar has lost most of its purchase power in the last 100 years, but most people don't get it they think that when they keep savings in fiat they are saving for the future but they are letting themselves be robbed by the governments through inflation.

aryana42

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Maybe main reason people prefer bitcoin is fast transactions also has low fees. Bitcoin can be used so easily

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Quote from: Wandering Soul~ on January 04, 2017, 06:33:41 AM

Quote from: Oralmat on January 04, 2017, 05:19:19 AM

No, It is true, but it is not reality, we should see the other side of bitcoin. Bitcoin made for people, to give us facilities and make life easy. But if some bad people use it in bad ways, than it doesn't mean that we all are bad.
It is not about bitcoin, it is about some sites which are promoting bad product in society from online, than people are using the bitcoin. For example, bitcoin was not here, than still some criminals people are doing it, and using fiat currency. So i don't think that we should blame to bitcoin.

Yes the main reason why government and other large companies don't like bitcoin is because of some its nature (ex. anomity) that can lead to various illegal activities. And definitely bitcoin must not be blamed for that cause it varies per user . The same also applies to any currencies since it can both be used for good and bad stuffs . Overall all currencies regarless of its form has its pros and cons .

It's mainly the government that should receive the blame as they force businesses to comply with their rules. Governments always hide themselves behind the excuse of that they are doing this to chase down money streams that are being used to finance terrorism, etc, but in reality it's just that they want to find out who owns what amount. With Bitcoin the government don't know anything about which person holds what amount. So they just have to come up with an easy solution, and that is to try slow down Bitcoin's growth/prevent people from making use of Bitcoin by running an anti Bitcoin campaign. They use the mainstream media as a proxy for doing so.

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Quote from: Oralmat on January 04, 2017, 05:19:19 AM

No, It is true, but it is not reality, we should see the other side of bitcoin. Bitcoin made for people, to give us facilities and make life easy. But if some bad people use it in bad ways, than it doesn't mean that we all are bad.
It is not about bitcoin, it is about some sites which are promoting bad product in society from online, than people are using the bitcoin. For example, bitcoin was not here, than still some criminals people are doing it, and using fiat currency. So i don't think that we should blame to bitcoin.

The MSM is promoting Bitcoin as the "criminal's currency", like all of the people here are using it for illegal transactions. It gives us a bad image, yes, but we should just come and contradict them: we're not criminals but people wanting freedom. The freedom that we do not have. Governments will probably never like Bitcoin, and if they said they did, it'd probably be only an experiment on us.

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