Bitcoin Forum

Bank-wire transfers are the oldest form of digital money. Those $50,000 to $1,000,000,000 money transfers worldwide is done by bank-wires

Bank-wire has one fee of $20 only for any amount transferred/transaction.

$20 for $100,000 = 0.0001% fee

When you look at US dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen, Gold, Silver etc.. Bitcoin is the 100th digital currency   ;D

I don't think you understand what a cryptocurrency is. Taking a fiat currency and 'sending' it digitally doesn't make the currency that you're sending any less worthless.

I agree! Just because you send the money digitally, it doesn't mean that it will be a digital currency. Bitcoin is the very first digital money. What you are talking about is money transfers and not digital money. USD, Pound, Yen and other currencies are fiat money while gold and silver are store of value.

Bitcoin was named a currency but it really did not treat it in that way that to be use for buying and payments unlike the fiat in which the different paper money are commonly used for payments and buying commodities anywhere in the world. Bitcoin is a currency but it is used only for investments to earn more fiat that if the dollar and other paper money will not accept Bitcoin then for sure it will not exist today.

Cashless society means all the currencies (US Dollar etc..) will be digital currencies

Op has a point. Wire transfers are digital currency because you're not physically sending money from one bank to another. Rather, you're sending credits from one bank to another digitally.

PayPal and western union would also be considered digital currencies. Anything you send online that is money transferred without any physicAL money being sent is digital currency.

Like in-game currencies that can be cashed out as fiat is also digital currency.

What makes  BTC different is that it's a cryptocurrency. Crypto uses cryptography in its digital currency. So that's what makes it different than preexisting digital payment systems.

bitcoin is cryptocurrency, US, EUR is fiat, and sending fiat in digital way different

Debit card and credit card payments at shops/stores, pay bills online and online shopping in past 10 years has changed everything.

Where do you see cash ??

Lols,  Mr.  OP. Bitcoin is not just a digital currency.  It is a crypto currency which can't be replicated and needs miners to confirm the transaction.

Agreed. The OP is misleading everything with digital form and the way we are sending or receiving the currencies.

Also, if he would have understood what digital form is then he would never have listed the GOLD and SILVER in the list as digital form of payment. Who agree on that? Are those digital one? For sure not.

Concept of digitalisation in traditional methods is like pseudo-digitalisation! If you are sending money from one country to another then the receiving country needs to print more physical cash and thus to maintain the balance of real money.

In crypto currencies we have predefined coins, money, hedging, the value is what just differs and this is what we transmit virtually giving it the real-digital mode of payment.

What grinds my gears is the sheer level of confidence the OP put this out with. I mean if they think this strongly about it, who knows how many people they have spread the misinformation too. Not a good look.

See my forum signature below. It says "digital money"

Blockchain can create more than new BTC :D

I do not think so, bitcoin is the number one digital money. Because the value of the current crypto coin falls and you say bitcoin is in 100th place, but if the value increases then I'm sure you will change your opinion.

No fiat is electronic. When you send a wire, Visa payment ect. you only send a promis to pay. Your bank sends physical cash. Digital transactions ≠ digital settlement.