Bitcoin Forum

For some reasons listed below.
- Community: Did you ever see such a huge Community with forums for fiat? Not really.
- Low Fees: You don't have to pay a 3% fee on transactions
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
- Decentralized: No one can ever froze your money.
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon

I know these are things every experienced user knows about, just sharing with newbies!
If you have something to say something great about Bitcoin, post below.

This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:

http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png

The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.

Yes, nothing lasts forever, but still, Bitcoin is the best Currency for me

I'd like to add Crypto requires the internet for stable & secure transfer, which is not the case for gold/fiat.

And it's good that you can buy and import high quality illegal drugs in the safety of you own home bought from across the globe.  

You cannot do that with fiat.  Unless you want the drug dealer to go to your home.

Imagine if McDonald or other fast food restaurant implement bitcoin as payment method as well , I can see the efficiency rather than using fiat.
AFAIK my goverment still not legalize bitcoin so I think it will need more time before this can happen

Add public ledger. It is such important property for trusted currency, and in distant future it is hard to imagine anyone will want to use currency without public ledger.

basically, you can get a virtual Bitcoin Debit Card from E-Coin that adds so much to Bitcoin! You can purchase things online where they don't accept Bitcoin

Are you kidding me?
How are you going to trade fiat without the internet? Fiat is already electronic money, 90% of fiat is just 0's and 1's inside a centralized ledger..
Physical cash will be eradicated in a decade or so.
Most gold is traded and purchased across the internet, the industry would collapse without it. Gold is not physically moved around to people's houses just because you buy it (unless you are buying small amounts).

majority of fiat requires the internet to do the transactions but, the small cash transactions you do at general stores cant b replaced by bitcoin, if the store owner cant have access to the internet in there

bitcoin is limited and fiat unlimited

and my favorit is
- Decentralized: No one can ever froze your money.

bitcoin is can become better than fiat.
IMO bitcoin needs to mature first to be able to be considered a replacement for fiat.

i only agree with these

the low fees is awesome and the fast transaction in good if there is not a spam attack happening and if devs find a way to prevent it in the future.


the buying thing is only good if you can buy if directly not through a third party. going through a third party means paying extra money in some cases and also risking your money.

Good post. For me is also better due to the divisibility of it, which allows to earn it in small bits from lots of people.

I would also add that nobody can take it away from you (well they can if they physically make you). You cannot have it taken by capital controls, banks, governments. So you are pretty much in a sole control of your money. Very important feature if you ask me!

if we compare it directly to credit card, there is one thing that i like, the fact that i don't need to waste time putting cvv/other crap that can be stolen on a new website that i'm going to try for the first time

Yeah, but private keys and wallets can also be hacked, giving you no alternative but to accept the loss, whereas CC thefts and missuses can be reported and reversed.
If we could make some sort of blacklist for such transactions, that would fix it, but then it wouldn't be as decentralised and "free" as it is now.

imho the biggest advantage of bitcoin (decentralization) is also it's curse, since there's no central entity that would promote it/back it up with some focused exposure.

Bitcoin lowers barriers for global commerce on the internet by enabling anyone in any country to transact at will 24/7

bitcoin is faster, bitcoin is "free money"
you can produce bitcoin and you can't produce "cash money"

bitcoin is anonimity

I would argue that bitcoin is not as fungible as people tend to think.  I remember reading a thread earlier a couple of weeks ago by smoothie who was arguing the fact that bitcoins can be "tainted" and can essentially be traced back to a crime or fraud that happened with those bitcoins, if there was such a thing that was associated with them.  I can definitely see that being a real thread to bitcoin because of the traceability of the block chain that bitcoin poses, and if a business doesn't want to deal with those coins, then they have a right to refuse it, just like they reserve a right to refuse counterfit.

Sure you can say you can mix those coins, but then everyone elses coins who put them in the mixer will get in return semi-tainted coins, and the process goes on and on and on...

IMO, in fiat we have to pay some tax when we have/our income is more than the limit. But we don't need to pay even a single sat to hold lot of bitcoins. Because, bitcoins were anonymous and fiats were watched by banks(?)

Well, I can totally see that if bitcoin were to become a mainstay in digital currencies and were used by the masses (and by "used" I mean some businesses will start paying out their employees in bitcoin), then there would have to be a tax regulation on bitcoin, because the government doesn't want major businesses to be issuing out payments without giving them some.  This wouldn't have anything to do with the banks, because they wouldn't be issuing out bitcoins themselves if they remain dealing fiat currencies.

For the "Sovereign" line item you should switch the red and green color codes.

if bitcoins become widely accepted, that would make them a useable form of money if you're able to trade it for something you want.
It's all a matter of perception.

I beg to disagree on the you can buy everything part. I still can't buy groceries using bitcoin, and I find it rough because we can buy tech devices but not basic commodity. We still need merchants to accept bitcoin and not just users willing to spend.

Honestly, I'm trying to live with only bitcoin, but pizzas for almost everyday isn't healthy, and I can't pay rent with bitcoin.

Non-fraudulus system, no creating of money, no (unknown) manipulation in the monetery system...

i was not talking about that, iw as talking about the fact that when you purchase something from a shady website, they can't steal your whole wallet, at worst you lose that transaction, if the site is revealed to be a scam

but withcredit card, if they stole you the cvv or other info, you're fucked, they will steal your whole fund

in my own opinion why is bitcoin better than fiat? because bitcoin is the simplest, easiest means of paying for things online, no need your identity,its decentralized, i have my own bank in my smartphone,and no one can froze my balance, thats why i love it

We know the supply pattern of bitcoin, so we can plan our investment properly. The centre banks of fiats can issue the money at will.

what are you telling is correct but now all governments are taking steps to get details about bitcoin user and they are implementing bitcoin under law of tax and very soon who ever is holding bitcoins have to give details about all their wallets and declare and pay taxes.

i want to ask in real money (cash) we can found "counterfeit money"
how about bitcoin, can someone create counterfeit bitcoin?

Thanks pereira, it really is as simple as that, "it's not even an argument". We just need time to see Bitcoin really gets massively adopted. It's because we don't have government/fiat mafia support, and not just that, they are enemies of people, enemies of freedom, we can expect more attacks and even more brainwashed sheeple saying Bitcoin is fraud, ponzi and other shit.

Actually it is widely accepted right now. I don't believe there is any good that you cannot buy with Bitcoin these days on the Internet. And more, even if you find some stuff you cannot buy with it, there's something like Xapo VISA debit card, works flawlessly, that's my experience. It's widely accepted yet there are not much customers actually using it and that will change slowly.

nice question,actually i dont know about it before, but well i found this, i think the answer is no, bitcoin can't be counterfeited, just can be stolen, lost, and double spent
the excelent answer by DeathAndTaxes, here his quote


The thread for your question
https://bitcointalk.org/index.php?topic=500949.0

Short answer is NO.

You need lots of mining power to double speed. The investment in mining equipment is enormous. It is not worth it.

Nice simplification.

I think that the bitcoin value changes time by time which makes it more profitable than the fiat.
Fiat also changes it value but not to much like bitcoin, so the first is the profit.
Then low transaction fees when sending bitcoin to the other part of the world.

Well yes, the supply of BTC will diminish so you get deflation instead of inflation. While this is very interested for holders, it also reduce liquidity as its push people to hold instead of spend.

Simply contrary to FIAT which lose value over time, so holding a debt in FIAT can be advantageous as it effectively shrink equivalent to inflation, which also mean that just holding FIAT in a bank account is bad unless you place it in a way that you at the very least get more interest on it than you lose to inflation.

well double spending can be seen as a counterfeit money in some way, so the answer isn't really no

there were successful attempt in spending two time your coins in the past

You can access your bitcoin in any parts of the world as long as there is internet access. And you don't need to actually physically carry with it along with you. Also to whichever place you travel to it is more or less an international global currency. No need to go through exchanges just to use it if it one day becomes the common currency accepted anywhere.

Why tho? You may be reading "sovereign" as independent or something along the lines. "Sorevering can also be an adj, "of or relating to a sovereign or sovereignty; royal."

It says also "goverment issued". Fiat is goverment issued, Bitcoin doesn't care about goverment. Gold theoretically goes on it's own as well even tho this is delusional, everyone knows govs have control on gold too.

Edit: Ok I just understood you meant only the color and not "low" and "high".

I think, it cannot be controlled. Because, what if peoples starts using brain/paper wallte? And how they can track people using bitcoin wallet? Is that possible?

bitcoin is also great for online purchases where you can't use cash and there is high credit card fraud.

it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.

It really depends on which field of life you want to use bitcoin or fiat.
For everyday use i prefer more fiat, as most of stores/merchants accepts this.
But i most deal in bitcoin especially for international transfers which makes it easier than banks and low tx fee.

Because there are bigger fees and taxes with FIAT.

But I think if enough people know BTC things may change, sadly

I think BTC will be fine, FIAT is easy to regulate, BTC not so much, and if a government crack down on BTC use with their citizen, it will just make people turn to stealth services. I think people that get familiar with BTC then realize how much money they are losing to processors, fees and endless taxes.

yeahhh you are right, true it
but not prefered,you will waiting for long time to get 1confirmation, if you want to send without fee
u can use xapo wallet

We shall pay reasonable tax to support the society. I do not mind paying if the tax money is used properly.

Bitcoin is the best currency ever.
You can use it in many ways.

It's not about taxes, it's about inflation and the fact that bankers enrich themselves over the backs of everyone else by lending money they dont own, and than expecting not only the money itself "back"but also the interest over the money they never owned in the first place.

Yes you can my friend, bitcoin debitcard, simple master or visa, so yes you can buy EVERYTHING with bitcoin, multiple solutions for it...

Haha that chart is awesome i will be using that to link to newbies.  Over time fiat and gold become worse options, bitcoin has the chance of hack i guess but seems unlikey.

Or you can use coinbase and never think about the transaction fee,
Neither if it gets confirmed or not as always* it gets confirmed.
Yeah it is the freedom owning your own bank and manage your coins.

Of course bitcoin is amazing, with all its amazing features there is even problem when to start. But I gotta agree that so far the best feature of bitcoin is lack of taxes. That is it. If you keep your bitcoin funds secret you don't have to pay taxes. I with it will stay this way forever.

Bitcoin will be taxed like fiat when it is used more. Government will not miss any chance to raise more taxes. The government is too big.

I think using a mixture of all value transfer technologies is where you really begin to enjoy the MAXIMUM benefits of the global economy.

Bitcoin doesn't have to destroy cash for it to be valuable. I think both work very well together and ultimately achieve the same end result of value transmission.

Bitcoin itself simply provides a leaner alternative to global remittance via traditional banking systems and, for the time being, value that is transmitted via the blockchain must be converted into fiat in order to be spent.

However, I think in the next 10 years as adoption increases you'll find that less and less people transfer value off the blockchain in order to spend/invest etc which will do alot to boost bitcoins price - but this wont benefit those that are using bitcoin as a currency, it will benefit those who are using bitcoin as a store of value

bitcoin is better than fiat because because sending big transactions online doesnt cost you big fees like 1% or something

may be easy in the deal, because it does not need to be
things that are not important as verification just as paypal

"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
http://satoshi.nakamotoinstitute.org/emails/cryptography/1/

exactly, try transferring huge amount of Fiat , especially abroad, and see how is difficult and how much you got raped on the fees.

Yes but the fees will eventually start to be more expensive after halving right?

What the fees cost is mostly depending on the free space in blocks. The competition is directly price vs available space, so to get a raise in fees collected, you need to see a raise in satoshi/kB bounty.

To do that either you lower the available space or you raise the number of transactions fighting to get included in a block.

their are lot of reasons and clarifications about bitcoin is better then fiat, now when we know about bitcoin and it uses, we feel that fiat using is so costly, what it was told before is correct for gold and fiat it took so long time, they have been in existence from century so bitcoin will also take time to get implimented in real life. but their is a future where we can see bitcoin take over to all country currencies

it would not matter, they would still be very cheap(right now they are like 0.025 even if you do it x100, it would still be very affordable

and anyway if i want to wait more and pay the saame old fee i can do it, that's the beauty of bitcoin complet freedom

just because it is namedd BITCOIN.  ;D

I think its a bit funny bitcoin rates as durable as gold, hard to compare really and gold is not easily transactable so I cant just walk into a jewellers and pawn off the gold because it seems thats possible in most parts of the world.  I dont quite get the logic that btc is easy because you just use an exchange but I wouldnt just do a similar trade with gold

that is definitely one good reason but anonymity also comes into play and at the end I cant just live like a slave to the governments ...
I don't like the controls...as in fiat's

Fees are not gonna be bigger.Transactions fees are based on amount of data transaction is carrying.
The only way they will be 'more expensive' is situation when bitcoin price will rise up significantly.
Other than that that nothing's gonna change.

i admit i like BTC but its to rise and to keep now into winter and to congregate more cause will be good to sell a bit into march 2016 like shares and like money too its money its not better than fiat its less controled by governemnts for now thats all

First of all you can't use fiat for online shopping. Bitcoin is also much safer than fiat as it is much harder to get into someone's bitcoin account compared to stealing someone's wallet. On a more realistic hand, Fiat can be easily ripped whereas bitcoin is safely locked in your account.  ;D ;D ;D

Yes you can. People are doing this daily, shopping online with Fiat using credit cards, Paypal and other payment methods!

uhm? fiat isn't only cash, fiat is principally electronic nowaday, and right now it still seems that there is more security in fiat than bitcoin, otherwise one cannot explain why the adoption is so low for bitcoin

security is one of the most important aspect, if you want bitcoin to grow

The most significant advantage is its free of entry: Anyone can just buy a miner and start to mine bitcoin, but you can't just buy a printer and start to print fiat money  ;D

Similarly, those blockchains that are privately created by governments, banks or enterprises will not have the free of entry property, so they are far less attractive than bitcoin

Free of entry also means that bitcoin will be continuously redistributed in future (in form of fee paid to future miners) to reduce the effect of early adopter wealth concentration, this is another superior property

The problem is it isn't actually free entry. There are associated costs - the miner will likely never/barely pay for itself meaning you are actually taking a loss or a very small profit which you could probably get in other investments. The reality is that Bitcoin isn't better at the moment - simply because there is less ability to use it in comparison to fiat. Sure you can convert it to fiat - but why bother have Bitcoin if you are just gonna convert it.

if fiat its also a digital good it can be compared to btc and more advantages come to BTC buy and sell if stays secure and volumable.

the best feature of bitcoin for me is decentralization. it is global and doesn't belong to any government so nobody can stop my money and i have total control.

on top of that bitcoin transactions offer the lowest transaction fees which is pretty awesome that i can send money practically free.

In a smart world, we need smarter money than an ordinary money. Bitcoin is a digital format whereas fiats lacks in this basic features. There are lot of better benefits over fiat, people to choose the best.

In a free entry system, the cost will always get close to the product value eventually. As long as there is profit to be made, the cost will keep rising until it get close to price. The important thing is that anyone can participate in the production, not money producer can make money out of nothing, that will be a scam like fiat money

Why would any government first need to legalize it, in order for a company or anyone to accept whatever the hell they want as a means of payment?

their are lot of factors where we can find bitcoin is better then fiat, for bitcoin we dont have to give any details about ourself, transaction charges are less and some exchanges give you free of charge transactions and high level security system, where ever we go we can get detail online.

Deflationary in nature.  If you hold dollars and do nothing, you will lose your wealth over time.  If you hold Bitcoin and do nothing, in theory, you will gain wealth over time.

I can add the anonymity as great cause making so many people use Bitcoin more than other currencies, you can make your transactions without necessarily publish your identity, name, address and so on. That is not really possible using the other currencies either online or offline 

Yes! Bitcoin is the best currency for me.
I hope the government will approve the bitcoin as our legal currency.
So we can use this everywhere without any hesitation.

i doubt the goverment will approve bitcoin as legal currency
bitcoin is decentralization, also anonymity , and don't forget about the fluctuations in the price

well with BTC, banks never can freeze your assets as fiat and, no one can control what you buy or what you do with your (money) coins

Also one thing that I like with bitcoins. Even if you do nothing to increase your wealth, bitcoin does that for you. Though I must say that it is a rather unstable investment too, given that the price could be controlled.

I think the second and the last reason is make sense
But the first reason is kinda doesn't make sense, because there is even a big community for fiat. Everyone that use fiat, I think they're the community. Which means it's bigger than Bitcoin's

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

because they still see it as a quick buck to have more fiat, when the opposite will happen, when they will see fiat as a quick buck to dump and have bitcoin, the uptrend will emerge

it's all about the mentality, too many are accustomed to the old system yet...

In your dreams buddy, have you been to a third world country? Try explaining bitcoins to them. They are still  having problems integrating mobile money. Ask yourself what percentage of the world owns computers or smartphones? Do some proper research, less than 20% own these devices, So how in God's name are the rest of the masses going to change their mentality when they cannot afford the basic tools??? I have not factored in electricity and internet connections. Its just too expensive and impractical. maybe in the distant future, just not in your lifetime. In the meantime, the scammmers are the benefeciaries.

All that you have said is right, but don't forget that Bitcoin doesn't need to serve the whole planet, the whole 7 billion people. Let us serve only 500 million people and this would be amazing as well. Even in this situation, Bitcoin would strive to its real potential.

Not to mention that technology will improve and the ease of use of Bitcoin and requirements for using Bitcoin will lower. Heck, I am sure that we will be able to send a transaction by a SMS on Nokia 1110 phone in a couple of years.

you're wrong, i've already done my research and it is 3.5B people surfing on the web, so i must assume that they have a device

consider that the other 3.5B people are made of children kid and only a small % of people that cannot actually use internet...

Bitcoin will used widely in a few decades. But we have to work hard to promote and use it today so the value will increase.

Ever heard of Bitcoin Debit Cards?
You can walk to Starbucks and buy your coffee with that

It will become mainstream, we just need to be patient the bitcoin itself only existing for about 3 Years now and there's still so many potential we haven't see from it
The very early adopters of Bitcoin wouldn't have thought that Bitcoin would be this big nor the Community to be this Massive

All we need is some patience and while waiting for that enjoy our fiat money while it last ;)

And for your Information, Im not a scammer and i do enjoy using Bitcoin ::)

yes it is true, i have experienced it .

No, its never easy for any country...they have their own corrupt government problems.

i hope it happens that way ,but bitcoin is alot more than just technology

You are wrong buddy. I can see you have a comprehension problem or you are too much in a hurry to fufill your signature campaign quota.

Since when does internet usage data equate to owning a computer or smart phone? Millions of people have used the internet at least once and still dont own a SMART PHONE or a COMPUTER. So how is this going to work? I need to buy bread or fish, do I rush off to the internet cafe to send payment before or after purchase? Or on my way back home from the farm, I need to stop by the local bar to get drunk. You do realise that some communities in asia, africa and southamerica have only 1 or 2 computers serving their entire population? And whenever goverments decide to adopt crypto currencies, what makes you so sure that bitcoins would be the crypto of choice?

i Think i can give you some satosi to buy coffe  :D
in future you will see bitcoin everywhere and you will feel regret because you let to buy bitcoin

Mpesa is fiat or? It is centralized and is run between the local banks and the mobile phone operators. And is regulated by the kenyan goverment.

bitcoins is decentralized, the moment goverments get involved. It would no longer be so. And would become just another fiat currency

well you should at least backup your data, like i've tried to do, because without source i'm not buying this whole crap "the majority have no proper device"

and it's even more unlikely that those individuals don't own a mere smarthphone nowadays, which is very cheap, you cna buy one used for like 20 or something

and even though all this could be partially true(i don't believe it...) we don't really care about people that choose to remain backward with technology, like those indigenous tribes

and bitcoin is not aiming for everyone, reaching 1B people would already be seen as a world adoption, there will be always those who would be left behind, it was always like that in every scenario, nothing new here

This makes as optimistic and we hope for the best to happen in the near future.
If you hear bitcoin here bitcoin there then you should know that you are in a bitcoin forum.
Where we mostly talk about bitcoin :) The new technology trend can change bitcoin value and popularity.

Bitcoin would be the future regardless of what ever happen in economical trends in coming years. Only better thing can survive regardless of how long which has been used. So, in the race of fiat and bitcoin, bitcoin would be the winner for use's most  affordable and ease of usage wise.

Another very practical benefit for enterprises: If they use bitcoin, the capital flow will not go through banks, this can greatly protect their trade secrets. Nothing is more powerful than invisible

Yes valid points. For an internet user, bitcoin only can help whereas fiat in form of plastic may do the same work but with higher fees.

what is this ? just a speculation from bitcoin interested guy ..?

protect from whom ? from competing businesses ...YES
but you can never hide it from the governments and banks , i mean the system is not anonymous by its nature.

which is not achievable....? fantacy.

I think BTC is better than fiat, because you can send money instantly to anywhere in the world.

agree with you, i like the point 3 Goverment cannot take it from you, also No Tax transaction
if you use cash you must pay Tax and legal bussiness

I will repeat for sure, but my major reasons are:

1. Fast transaction around the globe.
2. Low fee.
3. Transparency

Your money is in your wallet, just like cash in your wallet (and not in your bank account).

But some of the bad things are unreliable price (as of this moment). One day you can afford something, 10 minutes later you might not. This could MAYBE get fixed by putting a stattic price for 1 Bitcoin, but i do not see this being possible.

bitcoin is faster, bitcoin is "free money"
you can produce bitcoin.

the real difference is that you can produce a fixed amount, not indefinitely, and devaluing your money

maybe in the future there will be no printing anymore? if they see that bitcoin will emerge greatly, they will try something new

bitcoin will force in some way the government to stay competitive, and maybe adopting a new way for their fiat, a better fiat...

With bitcoin, when you transfer money, you do not have to use bank. You are your own bank. It is faster and more secure.

With bitcoin we - the users - control the money and not a small group of people using artificial barriers (licenses) to prevent others from joining the club.

IMO bitcoin is better because of the low transaction fess. (there are many more but i like this one best)

When the block size does not increase, we have to pay higher fees to get confirmation fast. So we need bigger block size.

Nice list on advantages of bitcoin in modern economical evolution. I wonder if bitcoin was not created what we would have been heading to. Bitcoin is the only opportunity to re-evaluate the world financial system to a next level.

Because bitcoin means freedom.

You have more choices with bitcoin. You can be your own bank. You save bitcoin in your own pocket and send it as you wish.

i see,may be just like MMM on some country.

Low fees

You can roll it up and use it to snort things!

O wait that isn't Bitcoin :P

I wouldn't say it is better.  They are both different things.

As a matter of fact I would say it is worse at some aspects.  For one, I know my bank is going to back up anything that gets stolen or hacked.

If my Bitcoin account gets hacked or anything, I am screwed.  There is no chance of me recovering those funds.

Just one way that Fiat is still somewhat good.

Exactly who do you think it is that actually pays for that insurance, in the end?

Your Bitcoin what? There are no "accounts" whatsoever with Bitcoin.

And actually, you can backup your Bitcoin wallet. For example if you have a mobile phone and your phone gets stolen, it's password protected so the thief can't spend your coins, and you can have a backup to put back your funds on a new phone. Try that with cash (fiat) money :)

My Bitcoin wallet, if the funds get drained from there there is not getting them back.  I can try and try but I will never find the coins ever again.  There is some good to having Gov't control fiat, I am not saying it is all good there is just some.

Yeah, I mean you do have the possibility of getting your private key stolen if you keep your key on your computer somewhere... but that all can be avoided by keeping your private key on a piece of paper, and not clicking on any random links that could pose as phishing attacks.  Other than that, the chances of someone hacking into your wallet are pretty much slim to none.

How the hell would funds get drained from your wallet? You control it, you can keep it 100% offline if you want, and plenty of more very easy measures that will avoid any risk.

But the government doesn't control fiat whatsoever. Fiat money is like World of Warcraft Gold, or Linden Dollars, except the banks have to role of Blizzard or Linden Lab.

Bitcoin gives you easy access to your fund from anywhere with internet connection and you need not to use third parties services to purchase/transfer funds online.Where fiat doesn't give these facility directly.

Bitcoin is not better than fiat, bitcoin needs fiat to survive. On the other hand fiat does not need bitcoins!! A laymans view.

one could argue that i can buy everything directly with bitcoin, this is not the case for now only because of the acceptance which is still in its infancy

in the future this will change if bitcoin will acquire notoriety

The problem is that even if the transactions are low fees, if people need to buy the Bitcoins they get usually extra fees because they need to convert their dollar or euro into Bitcoin and back, this is frustrating. We need a real Bitcoin economy and this means payments in Bitcoin.
I hope that once "let a fee market develop" thing starts the fee isn't high enough that there are no incentives to use it daily, that would suck.

Bitcoin's value is tied to fiat and still in early stages which needs mainstream adoption so they are equal at moment. Man can't wait till i can buy pizza with bitcoin in my place.

It is possible to avoid taxes using bitcoin if you are smart about it.

It gets more valuable the longer you hold it. Exponentially. It's basic deflationary nature. This blows fiat out of the water and will leave it by the wayside for good. Soon.

This is a loaded question!  Bitcoin is NOT better than fiat...period!  I would much rather have a suitcase full of cold green United States hundred dollar bills than a digital wallet holding the same amount in bitcoin.  Maybe someday when I can go into a store to buy toilet paper, into a bar to have a beer, or to my landlord to pay my rent with bitcoin, I would think differently....that time hasn't come.

You don't have to deal with banks.

the world is clearly moving into a more electronic era. Bitcoin is a superior electronic currency...

We need to agree the entire world marching towards age of electronics. So, bitcoin will be acceptable by people as it's in electronic format and definitely better than fiat currencies. In the world of electronics, bitcoin will be the universal medium of exchange for sure.

To me it is "near to zero" transaction fees. Also it is decentralized so hard to control and manipulate by big institutions.
Goverment for example. They cannot really regulate btc or tax.

bitcoin need to embrace phisical shop too, if it want to expand it faster around the globe

relying only on online shop can cut a big portion of adoption, prematurely

I think that while we earn in fiat and our salary is going through banks,
We are already paying tax/vat for the country and health insurance.
While earning through bitcoin you get more and you have not to pay these unnecessary 'fees'

Right now the only people that can manipulate Bitcoin is big investors tho... anyone that is rich on dollars or euro or Chinese yen or whatever, can go to any exchange, deposit a lot of money and start moving it at will. How to solve this? get more people on board. More people and more whales with opposed agendas is what makes the price go to Pluto while keeping it hard to compromise at will.

because it is anonymous and decentralised currency that people want to use

I would say that it is not too hard for big companies to control.
Also they can easily manipulate the bitcoin price.
If you have heard about pumps and dumps this is because of these big companies.

The anonymity and decentralizing are the best and more attractive characteristics of the Bitcoin in my opinion too. we need this financial system for many reasons and i think it's also safest than fiat in this way 

Because its name is Bitcoin.  ;D

Yes we are moving towards electronic era. Bitcoin would be the money for that electronic world. Still bitcoin needs to evolve more to make itself as a world wide country with many acceptance and infrastructures. Soon we will experience that too.

This, but more than shops, I think services, like restaurants, bars and whatnot, where you can't have that experience online, because you need to go out. Those places will always have people in real life, therefore they would benefit a lot by accepting Bitcoin in the future, but they should start now to be pioneers.

The supply of the bitcoin is limited. There will be no free printing of the bills like US dollar. It will appreciate all the time.

Agreed with you, people are using more and more digital products and this generation is tech savvy. People understand the advantages of bitcoins such as instant transaction with minimum transaction fee, freedom of banking etc. They are fed up with the fiat currency and now they have a very good option in the form of digital currency.

I don't know if Bitcoin is better than fiat.  It is hard to say.  That should be the original question.   I know I would rather have fiat at the moment than Bitcoin.  I like having both but I gotta pay my bills unfortunately!

Yes...The anonymity makes scamming honest peoples money so much easier because you get their money and not have to worry about being punished for it.  It is the most fantastic thing about the technology!

Bitcoin is better because its impossible to falsificate the bitcoins, its easy to use (it don't need that commerces has a lot of change), and its fast (yes someone could say that credit card system is most faster but the shop don't have the money only has the confirmation of transaction, the money is redeemed two or three days later.

because its price can fluctuate more

Bitcoin is better than fiat (cash) because of the following reasons
(1) It's wireless-- means It's not like cash which you will keep secured in your locker. It's a wireless currency, it's in your wallet always without any doubt.
(2) Payments can be done from anywhere-- In cash there's a problem that you can only pay to the person when you're face to face, that is in Front of each other, but bitcoins can be transferred from wallet to wallet from anywhere, anytime.
(3) It's available everywhere--  cash cannot be available at multiple places at same time, but btc wallets can be used by multiple persons on multiple devices, so it's wherever you go.

good topic... but it though you werre asking the question ;)

it is good, anonymous currency. it will beat fiat in the future!

the decentralization is the 1st reason why bitcoin better than fiat
then "limited supply" after bitcoin can't be mining im sure bitcoin will be super rare currency

yes, bitcoin really does beat fiat in many ways. the main thing i like is no government and banks dominating the currency!!

Ofcourse decentralization is the best feature attached with the bitcoins and that is the reason it is gaining more popularity. And the best reason using bitcoins is there is no limit to carry, I mean if you are traveling to a different country you need to carry limited amount of fiat but same is not with bitcoins you can carry as much as you want in your digital wallet and no one can point it out  ;D

Users in the third world don't have any problem understanding bitcoin. In Kenya, they have been using mobile-phone based money transfer and microfinancing services (mpesa) long before anyone in the west knew what a bitcoin was.

For them, the concept of decentralized finance is much simpler to grasp and implement into their day-to-day economic activity... In the US, credit cards are still being swiped and signed for at the tills, whereas in europe and in most third world countries chip-and-pin (a more advanced technology) is the norm

It's easier for third world countries to adopt new technology

Just like how emerging and developing nations skipped landlines and moved straight to mobile technology, they will skip the convoluted 'innovations' offered by the traditional banking system and adopt decentralization

Today bitcoin needs fiat to even exist. As stated before people can only pay most of their bills with fiat or a bank account.

Honestly, I dont think this will change the coming years. So although bitcoin is better in many ways (speed, decentralization, anonimity), there is still a long way to go.

It always comes back to whatever the use case is.

There are uses that we are aware of, and uses that we know that we aren't aware of. Then there are the uses that we aren't aware that we aren't aware of.

In some scenarios, cash may be a better option than Bitcoin... In other scenarios bitcoin may be better than cash

You also have to remember that bitcoin isn't just currency, it has dozens of other attributes, features and applications that will enable an entire world of possibilities that we aren't even currently able to conceptualize

bitcoin is better because it is globally accepted, eventhough for now some of stores still haven't implemented bitcoin system yet, but i am sure one day all of the stores will accept bitcoin as payment

if that case happen its mean the value of bitcoin will raise, its making bitcoin a good investment for future

"Why is email better than physical mail?" that is how it is

Just take 2000 years back money was not exist in the world. How its occupied its place as like that bitcoin also will occupy its own place. As you said bitcoin 10 times better than fiat currencies in transaction as well as in price.

the more stores that accept bitcoin, the higher the adoption will be. bitcoin is already a great investment, but it will get even better when institutional investors step in. that would be huge.

That is true but the best advantage of bitcoin is that you can carry as much bitcoins possible in your digital wallet and no one would be aware about it, and in fiat if you carry more you have fear of loosing or getting stolen and that is not the case with bitcoins even if you are travelling overseas fiat has limitations but bitcoins doesn't.

The evolution of the bitcoin-currency is just amazing!

Fiat is good for daily real life transaction.
When it comes to online payments, bitcoin is the answer & solution to all of our problems.
Fast, anonymous and cost-efficiënt.

Bitcoin is hot and happening.
No dirty bilss, no chance of fake 'bitcons'

All of those problems belong to the past now. Bitcoin is the future, plain and simple.

For me bitcoin is better because of the speed and the cost.
The anonymous part is handy, but not mandatory.

Having bitcoin makes life so much easier

"Why is Bitcoin better that fiat?"  This is a loaded question!  Why is communism better than capitalism?  Why is alcoholism better than sobriety?  The truth of the matter at the moment is that fiat is far superior to bitcoin in regards to purchasing power; it enjoys greater acceptability and has a more fluid distribution.  Now, that's not to say that bitcoin does not have the potential to be a greater currency.  And, one day bitcoin may be superior to fiat, but for the time being, fiat is king!

It is better than anything only when it's utilized.

Because fiat is the shittiest currency of all times  ::)

Very well said mate, Fiat can is useful to take care of your basic needs and also depends on in which country you are living as many of them are not aware about the bitcoins so accepting bitcoins as a mode of payment in that country would be something out of the reach, and when it comes to online purchases or online transfers I believe that bitcoin is the best as compared to paypal or western union.

But in day today life still we missing bitcoin part to rule globally. Until it sets against world fiats then bitcoin will grab the place against normal fiat. But ideologically bitcoin more times better than fiat money.

yes, of course bitcoin is better than fiat, cause of bitcoin has large comuninty, and big market. and low cost transaction

There are many reasons why Bitcoin is better than most things as I'm sure people will be able to tell. Bitcoin has revolutionized the way we think about money.

Bitcoin is truly revolutionary indeed!   It has changed the way many think about money.  It has the potential to change the world but is bitcoin better than fiat in its current state?  I would say not at this point.  It is up to the community to insure that this great exploratory experiment evolves to that state which maximizes its potential.  It's not there yet however.  Fiat still rules the world.

Yes, there are many reasons, but I feel not regulated by the Government while the fiat is regulated and we need to pay heavy taxes for each and every penny is the prime reason.
Bitcoins are a currency that anyone can own irrespective of their age, education and experience and if we compare the price stability and fluctuations, it is possible to double the money in just few months while in the case of fiat, we can only earn interest which is just 5-10% of it via banks.

Fiat doesn't let you be responsable of your own moeny which means it has a lot of implicit tradeoffs. With Bitcoin for the first time in human history you can be your own bank. This is just too big to deal with for some people, they just don't get what this really means.

Simply because bitcoin is decentralised and very convenient to use. The very low fees whenever sending bitcoins also made it better than fiat, especially when sending money overseas. And as a person that value my privacy, its "anonymous" feature is a big factor.

and if bitcoin better than fiat because of this, I think bitcoin different from fiat, and can't be compared. bitcoin might be compared to the dollar, or gold.

Bitcoins is better than fiat because its anonymous ,no age limit and bitcoin is no goverment,
And also i like bitcoins because its easy to withdraw it without my personal information because i dont have any goverment id's
So its better for than you work in real life that you need to verify all your information before you can work.
And also i tried to earn in usd paypal but if i withdraw funds from my paypal it takes 3 to 7 days before i receive money
Than bitcoins . Because here in my country has ATM machine that you can withdraw it instantly.

dont agree on that table, bitcoin is not fungible!
it only feels fungible beacuse noone gives a fuck for now.

why should obviously tainted coins have the same value like non tainted coins?

why shouldnt coins from the frist block be much more valuable (a collectible) compared to others ?

bitcoin has all aspects of a collectible, because every coin is different (has different trx history). to be fungible would mean the opposite ofc

perhaps best way is that you can transfer it anywhere anytime in matter of minutes from point A to point B

I listed all the reasons I think Bitcoin is better than our current monetary system on my website (https://incorporatingbitcoin.com/education-1-what-is-bitcoin/).

beause bitcoin is decentralized,, limited suply
after you see bitcoin documentary film :
bitcoin the end of money as we know it, you will open your mind about cyrptoworld

Well, sure it does. Some of us have put some of our fiat savings into things like gold and bitcoin. ;)

Bitcoin is great, but it is still a "beta" technology.... buggy and experimental. The idea of decentralized money is great, too -- and at the end of the day, I have to concede that there may someday be a decentralized ledger that surpasses bitcoin in adoption. But fiat, too, will always have its place as long as governments exist.... and anywhere where government is in control, fiat will be the principle form of money.

I like it because it is an easy way to pay online. When offline it is not better, because you have to wait 10 minutes, but online these 10 minutes do not matter that much. Also the fee for transaction is really lower than when paying with other payment processors.

For me, because I live in a third world country, earning bitcoin could help my daily life. Because bitcoin is based on Dollar, soo the price of bitcoin is very high here.

I can pay up my college, get some money to buy games, buy foods, buy some goodies etc.

Dont think bitcoin is the best comparison but I would say that Litecoin is better than fiat and bitcoin. Fast confirmations is all that matters.

Bitcoin is better than anything, because fees are so much lower and you can watch price of btc rise and seem to have more after a rise in

price than just plain old fiat, or worse, pay more for Western Union. I like when the rises in btc value rise largely over a day. There is risk

that it could fall, too, but holding it can really help in a few years/months.

Also, there are reloadable debit cards that you can instantly load with btc from your wallet. Just look for what is available for your country.

When you get one and use your btc balances to load them, you can use it at the local corner shop, even!  Mabe you dont have conventional

cash or debit from the bank today and you have some btc to load onto the card? Get a few mbtc or so and load it into the card and you can

go get the milk, if you need and it is a scenario, like end of month.

I prefer bitcoin because it is faster and clean.
Fiat money isn't.

But let's be honest, bitcoin needs some improvements to beat fiat in the long run.

It's the case with fiat cash as well and you can transfer money form one bank to the other instantly via mobile banking. In fact, bitcoin wallets take time to credit a user depending on the miner's fee and the number of confirmations accepted which can take upto 1-2 hours at times.

With regards to the fee, I absolutely agree as there is no other wallet that charges such a low fee for huge amounts whether it's an online allet like PayPal or Banks as well which have huge fee charged for WU and other transactions. Bitcoin debit cards are damn expensive and hence they cannot be compared to our debit/credit cards issued by banks.

Also the fact is fiat prices affect other things like petrol and inflation as well while bitcoin prices don't affect anything in real life.

This will change in the future

http://insidebitcoins.com/news/reusable-payment-codes-could-make-blockchain-analysis-companies-obsolete/35899

For now I agree with you, right now it seems some people value "certain Bitcoins" more than others, but it's extremely rare, you will be hard pressed to be able to sell your Bitcoins for a higher value than market price unless they are super unique (not including Casacius coins).

because bitcoin :

1.Free to Transfer and Hold
2.Freedom to Transact
3.Easy to Use
4.Fast Transfers
5.No Chargeback Risk
6.Durable
7.Portable
8.LOW fee

The big fact that bringed several investors into bitcoin,were the big volatility,it can loose and gain value very fast,soo a cash machine.I love fiat as is my main income and resorce,bitcoin todays isnt prepared to compete,and wont never be able to do that,fiat is fiat bitcoin has several markets to fill but wont remove never fiat.

Not really. Bitcoin is not anonymous: http://www.bitcoinisnotanonymous.com/

okey so must i use monero, dash, bytecoin to get anonymous transaction ?
and then,, i sell my altcoin to bitcoin again ???

It is just much better. There is no explanation needed.

It is better because there no stress of going to your banks and sending money in case of bitcoins. Sit at home , click a button and send any payment.

so you think it's only bitcoin can send from anywhere ?
 you can use internet banking service , you can sit at home and click a button to send any payment too  :-\

Iam use mobile banking too to send from my phone..

Totally agree with you. especially point 3 and 8. bitcoin is really easy to use, you only need internet and you can save your bitcoin in online wallet. and the fee also small imo.

The two main reasons for me are it's decentralized nature and the fact that it can't be censored. Processors like Paypal and Visa/Mastercard etc regularly block users or businesses they don't like and with bitcoin it still gives those users an option. In fact, the more people those companies block the better for bitcoin as they often turn to accepting it as its one of the only ways they can continue their business.

main reason this is other is that fee is always same do you or anybody transfer 1 btc or 100 btc i can say it for fiat that have this

Thats fair, as long as you dont need to make payments/purchases/transfers to outside of your country. Then you realize Bitcoin is much better than fiat.

not ID card requirement for sign up,and very simple to register ,  very easy to use it..

You can use bitcoin, just you use it properly if you care about anonymity. There are many guides how to make your bitcoins more anonymous. Some links are on the linked website from the quote about this.

Let me add 1 major point to that which is very important to me.

With bitcoin I have full control over my money. If I want to pay someone like 10K i don't have to call my bank to iniatiate of accept a transfer.
For me that's the best thing to use bitcoin.

yes and especially the portable we can send anytime, anywhere. and our bank is our mobile phones :D

I also like it for the low fees it provides. It is also very easy to pay, because you have a wallet, just like paying with your physical wallet in the real world.

I think this sums it up, this thread can be closed now ;)

On the other hand bitcoin is nice because it's innovation. And innovation is the future.

My main reason to use bitcoin is the low fees. In the end everybody cares about money.

And yes let's face it, you can save a lot of money by switching from fiat to bitcoin.

Bitcoin is the preferred currency since it is global without using anything else.
A true 21th century currency

The world has become global, and with that we need bitcoin.

What about exchange fees? Like 99.99% of people are not being  payed with btc, so they have to buy bitcoins from someone, for a small fee off course.  If they use exchange, they usually have to provide identify documents to be able to use them on top of the fees. When they transact with btc, they have to wait for 10 min or more for confirmation. Withdrawing btc or fiat form exchanges take time as well. For many the hassle with all this, diminishes the value of the "low fees". And all these things take time. So that's why btc is not commonly used in everyday life after 6 years of its existence.

Who said bitcoin can compete fiat or gold. It is already adapted by many companies like Dell, Apple, Amazon and Etc... Due to many adaption Bitcoin wealth is going in a healthy way. Price of bitcoin also growing consistently. We can't say bitcoin will not replace fiat. It will make revolution is Business commodity world Very soon.

it might not replace fiat but will be replacement for internet purchase and online betting maybe
cuz BTC is the future