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Topic: Why the fuck do we still use cash? - page 4. (Read 6705 times)

full member
Activity: 232
Merit: 100
June 07, 2014, 08:35:38 PM
when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?

As a matter of fact, many governments WANT to try to abolish paper money because it is bad for them. People can do illegal shit, can earn money without paying taxes, are anonymous ect.

Online cash (paypal, CCs ect) are perfectly traceable and the governments LOVE that.

maybe I'm wrong but the governments love paper money because they can print as much as they want? so I think it's impossible they want to abolish paper money.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
June 06, 2014, 03:48:37 PM
when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?

As a matter of fact, many governments WANT to try to abolish paper money because it is bad for them. People can do illegal shit, can earn money without paying taxes, are anonymous ect.

Online cash (paypal, CCs ect) are perfectly traceable and the governments LOVE that.
sr. member
Activity: 406
Merit: 250
June 06, 2014, 11:24:45 AM
Physical monetary system will be around for a long while as well as its physical form of some kind.

Cash is good. Bitcoin better. Cash will still exist, because digital data has its weaaknesses that cash does not.

Cash is easier to steal, easier to lose and easier to destroy. With even minimal security your bit coin is many times safer than cash. What we need to do now is simply make it more convenient. 
member
Activity: 112
Merit: 10
June 05, 2014, 11:47:15 AM
Physical monetary system will be around for a long while as well as its physical form of some kind.

Cash is good. Bitcoin better. Cash will still exist, because digital data has its weaaknesses that cash does not.
legendary
Activity: 1092
Merit: 1001
Touchdown
June 05, 2014, 08:50:54 AM
Why not have cash as an alternative?  It's just about the only (non-crypto) option that offers any privacy.  Besides, sometimes it's just easier to use than anything else.  Not easy to shove USD from your credit card into an envelope to give as a gift, for example.  And good luck using your credit card if it is stolen/lost/damaged/the system is down/there's no connectivity/etc.
newbie
Activity: 14
Merit: 0
June 05, 2014, 07:36:14 AM
when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?

To move corruption around the world, and that's fact. !!

Thanks
legendary
Activity: 826
Merit: 1002
amarha
June 05, 2014, 05:27:04 AM
for daily transaction and small use, cash is still more simple and faster than bitcoin!

And cheaper.


Bitcoin usefulness lied on cross border trade where you can send to the merchant/seller fast without having to pay high currency conversion fee and higher than needed transaction fee.

yes that is true. Thanks for adding  Wink

Yeah, I use localbitcoins quite a bit and I'm getting hit on both ends with buying and selling coins at a markup.

In this regard bitcoin still has long way to go.

Maybe in the future when there's a lot more volume these spreads will come down and sellers margins will thin out. But I think we're still a long way away from that happening.
full member
Activity: 232
Merit: 100
June 05, 2014, 04:32:48 AM
for daily transaction and small use, cash is still more simple and faster than bitcoin!

And cheaper.


Bitcoin usefulness lied on cross border trade where you can send to the merchant/seller fast without having to pay high currency conversion fee and higher than needed transaction fee.

yes that is true. Thanks for adding  Wink
full member
Activity: 152
Merit: 100
June 05, 2014, 03:58:15 AM
for daily transaction and small use, cash is still more simple and faster than bitcoin!

And cheaper.


Bitcoin usefulness lied on cross border trade where you can send to the merchant/seller fast without having to pay high currency conversion fee and higher than needed transaction fee.
full member
Activity: 232
Merit: 100
June 05, 2014, 02:58:47 AM
#99
for daily transaction and small use, cash is still more simple and faster than bitcoin!
full member
Activity: 350
Merit: 104
June 02, 2014, 11:14:18 AM
#98
why the fuck would you spend your bitcoins?

If bitcoin is to succeed, it will have to be served as a medium of exchange. Not as an instrument of speculation.
hero member
Activity: 723
Merit: 503
June 02, 2014, 09:37:19 AM
#97
why the fuck would you spend your bitcoins?
full member
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
June 02, 2014, 09:27:57 AM
#96
Cash is a simple way of trading and you can't scam it can you

Yes it was one of the simple way's of trading but also a very old one, that in my eye's is outdated.
And you say you cant scam it?
What about the Counterfeit money?
Or the banks that just shows some numbers on a screen that represent's your money but it's actually nothing.
The banks never have enough money to give everyone there money when they would withdraw at the same time.
So it's already the biggest scam in human history!

It is easy to detect counterfeit money.

Banks are backed government. Whether it is a scam or not is not relevant if it is backed by authority.

sr. member
Activity: 434
Merit: 511
June 02, 2014, 07:08:21 AM
#95
Cash is a simple way of trading and you can't scam it can you

Yes it was one of the simple way's of trading but also a very old one, that in my eye's is outdated.
And you say you cant scam it?
What about the Counterfeit money?
Or the banks that just shows some numbers on a screen that represent's your money but it's actually nothing.
The banks never have enough money to give everyone there money when they would withdraw at the same time.
So it's already the biggest scam in human history!
newbie
Activity: 18
Merit: 0
June 02, 2014, 05:25:39 AM
#94
Cash is a simple way of trading and you can't scam it can you
hero member
Activity: 742
Merit: 502
Circa 2010
June 02, 2014, 05:09:24 AM
#93
This is both true and false. Most companies base their prices on their overall cost of doing business. There is more than just the cost of materials; something people often forget about. There is a lot of overhead. If that overhead isn't met, it doesn't matter what the margin was; the business is going to crash.

Nonetheless, a lower merchant fee such as the one offered by Bitcoin would help to lower the overall cost of running a business (if only marginally). I have no doubt that more merchants would use Bitcoin for this reason - the only thing stopping them is the initial cost of implementation would cost them more than they would save as they don't have enough consumers using Bitcoin to save them that much money.
full member
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
June 02, 2014, 04:38:08 AM
#92
i dont use cash

What do you use?

Seashell?
legendary
Activity: 1988
Merit: 1007
June 01, 2014, 08:55:32 PM
#91

BTC is also good for smaller, high margin purchases. The above coffee transaction costs the vendor very little to create the coffee so they would lose very little in a double spend attack.


This is both true and false. Most companies base their prices on their overall cost of doing business. There is more than just the cost of materials; something people often forget about. There is a lot of overhead. If that overhead isn't met, it doesn't matter what the margin was; the business is going to crash.
hero member
Activity: 686
Merit: 500
June 01, 2014, 08:49:55 PM
#90
i dont use cash
member
Activity: 104
Merit: 10
June 01, 2014, 08:44:23 PM
#89
when we already have crypto currencies, master cards, paypal and other shit, why do we use cash?

Cash is good for medium sized transactions in person. If you were to go to a hot dog vendor for example cash is likely the best way to pay for your food. The payment phase of buying a hotdog is very short, only ~30 seconds, less then the time it would take to show a QR code, scan it, broadcast it and the vendor seeing it register as a 0/unconfirmed tx on the network.

Cash also provides a greater level of anonymity then BTC as it is generally not feasible to track where individual dollar bills have been in the past.

BTC is good for smaller transactions when the time between when payment is made and when the product is delivered is greater. For example when you use BTC to buy a coffee from a coffee shop it will take some time to give the customer the coffee from the time that payment is received. So the process will be: Give customer QR code to pay, customer scans QR code, and broadcasts transaction to pay for coffee, vendor prepares coffee while verifying the 0/unconfirmed has been broadcast, vendor delivers coffee to customer at their table.

BTC is also good for smaller, high margin purchases. The above coffee transaction costs the vendor very little to create the coffee so they would lose very little in a double spend attack.
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