Bitcoin Forum

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised. 

Indeed I strongly believe that cryptocurrencies are the next evolution of your monetary system. It is just a matter of time. If I'd go more in depth with this topic, my long term vision is bitcoin to become the worldwide mainstream currency and eventually the currency of exchange in our galaxy. Maybe you think I watched too many SF movies, but Mars colonization and human-compatible ecosystem creation is closer than the majority of people would think.

They are really not becoming any more accepting. Yes, there surely is an increased acceptance of Bitcoin over the web but if we see in the real physical world not many stores have started using Crypto as a means of payment.
Well that being said, most of the people don't have the knowledge and the facility to create a private key wallet and send their transactions. Instead they try to use third party apps such as coinbase etc. which don't provide that much level of security practically. Maybe over the chain transactions are secure but they are too slow to be used in real world.
That being said this is turning out to become a demerit of cryptocurrency because most of the governments do not really like this idea of being cryptic therefore are regulating KYC norms which would destroy anonymity of bitcoin altogether.

Note: Some of these factors doesn't apply to every single cryptocurrency out there, especially the "secure" part. Sure it applies with bitcoin, but definitely not with every single one. Especially with the lesser known projects, I'm going to bet that if developers tried to inspect the code of those projects, chances are, there's going to be vulnerabilities(ranging from mild to sort of the more 'deadly' vulnerabilities"). It'd be more accurate if you named this "Why bitcoin is better than fiat currency?"

I agree with your opinions about this important subject. Cryptocurrencies have new generation technologies. They have stronger security systems compared to fiat money. Cryptocurrencies (especially Bitcoin) are used more often for trading every day.

Why?  It is in the name.  "Fiat" is created at whim by some powerful organization and backed by the force of that group.  Hence the value can be inflated away at whim also.  You go to sleep with X value in your currency, by morning it is worth one-half X.   Bitcoin is not corruptible that way.

Bitcoin also is censorship resistant so it is much more difficult to stop you from using it.  Your credit card and bank account denominated in fiat can be frozen or stolen (seized) by the thugs in government (e.g. Cyprus, Venezuela, etc).  

Bitcoin is able to be transported across borders easily, unlike bars of gold or wads of cash which can (and probably will) be seized by the authorities.

And I will say that many of these benefits are NOT related to "cryptocurrencies", but bitcoin specific given the centralized nature of many of the other ones.

well i don't know about the word "better" but if you say more secure  and decentralized that i can relate with, crytpo is not in that stage yet when we can really say yes it is better than fiat, crypto is very volatile at this point something which fiat is not, and when you talk about acceptance that too is still very low compare to fiat that is widely accepted.

Bitcoin is better than fiat to me for below these reasons -

* Easy to send & Recieve.
* Easy to hold.
* No Fees when holding.
* No need to give transaction explanation like we do when fiat transaction.
* Privacy.

Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.   

At some point, this could be right but bitcoin's adoption is increasing day by day yet it is not enough compare to fiat. Not even a half of the population knew about cryptocurrency nor have knowledge about it so we still need a lot of time for crypto to be known by more people. And when you say top-notch security, but it still don't give enough security to everyone. It's still very risky.

You might think I'm not siding cryptocurrency, but my point is that no one is better. Both of them can function differently and together. It's just that people are still dependent on fiat, and if they're just open for new innovation like crypto, they'll discover what crypto can do even better compare to fiat.

Being a better currency over the other is dependent on several factors, most of which lies on the usage of the user. I agree on the part where cryptocurrencies are more secure and more efficient than fiat, although the other side of me believes that security is not really an important factor to other people and they prefer what they think is fast, trusted and works for them--which is why people will still choose and use fiat over crypto any day. In the next decades or so, people will still believe whatever the governments feed them, although cryptocurrencies are already a good start on changing that, and I hope it doesn't stop there.

I don't see who better. Crypto and Fiat also have disadvantage.
Crypto is good if have decentralized. So no one can control it like adding more supply, deleting people address,  change balance, etc.
Different with Fiat, it have central bank.
The central banks can print or hold paper money as they may need, giving them greater control over money supply, interest rates, and liquidity.

There are two primary reasons.

1. No central authority to inflate the supply.
2. No intermediary. Transactions are like cash.

These two characteristics will eventually cause the obsolescence of Fiat currencies.

Actually we can not compare them because they are both useful as of now. Both of them have a disadvantage and advantage itself.
Cryptocurrencies won't work offline and there are too many circumstances happen if this currency work alone without fiat. Fiat also is very important in offline transactions. So, the word "better" here is did not have to make any accurate word to use, unless if will see all people around the world were using the internet even in rural communities.

In terms of investment,yes cryptocurrency is better than fiat currency. Also being decentralized of cryptocurrency is one of our favorites which is  no central authority to hold. It means freedom for everyone. Easy to transact,hassle free. But i think cryptocurrency will not be able to replace fiat currency for some reasons. Fiat can be used anytime,anywhere while cryptocurrency can be use only with internet.

it could be better in years to come but for now i don't think there is enough to say crypto is better than fiat, there are many reason why people will still prefer fiat than crypto one of them being widely accepted before crypto can gain such adoption will take some time, also fiat don't fluctuate in price like crypto does, for now many will still prefer to use fiat.

I am a crypto believer, I really appreciate that this is the kind of money which is not controlled by any government, cannot be faked and does not lose value with time automatically like fiat does. Most of my savings are in Bitcoin, actually. However, I understand the limitations and problems with cryptos, so I'll answer the question you're asking in the last sentence of your post. For one, if I want to use the money I have in cryptos, I mainly have to sell it. I cannot pay the rent, for groceries or for transport with Bitcoin. Not yet, at least. Another problem is that, as I come for a non-EU country, if I want to travel to an EU-country and live there for a while, I need a visa. And for that visa, I need to prove that I have enough money to sustain my life for a year in that country. And obviously, that money has to be on my bank account, they don't accept Bitcoin as proof of funds. So even though I'd rather not use fiat that much and hold my money in a bank, the system obliges me to do that if I want to achieve my goals.

As of the moment, nothing's better between the two. Fiat and crypto have their own unique identity, stability, advantages, and disadvantages that depend on an individual's personal or current preference. Both are useful in their own way. Since crypto is still not widely accepted worldwide, there are limits to its usage. So for those who are experiencing it will still depend on using fiat money. Crypto will only be better than fiat currency when the time comes that it will be acknowledged by many. And we need to wait for years before it can finally happen.

Even though cryptocurrency have the upperhand in every aspect when it comes to technology, if you cannot spend them everywhere, then it is just a second rate currency.  Fiat currency is better in terms of being a money, being able to spend it anywhere, everywhere.  

I certainly agree with you. Bitcoin provides the financial freedom that we all want. We're able to handle all our finances the way we want it. Transactions are faster and things would be more convenient if we'll have a cashless society. People only lacks awareness of cryptocurrency. If most people would know how it could make a better community, they will surely switch to this currency as well.

Indeed we required some revolutionary change in financial industry and that should be Bitcoin and other cryptocurrencies. I strongly believe that this corruption factor pulls off many people out and make good economic stability for every country.

Like how people are saying Bitcoin is untouchable like same Fiat currency is just a paper which is printed with numbers. That should be crashed with Bitcoin very soon.

 I can think of only few things why the cryptocurrency is better. You can send money anywhere in the world as long as there is internet by using just your mobile phones very convenient. And the transaction only costs a few dollars or cents. Unlike banks taking some huge fees.

The problem with this contrast is right now the majority of FIAT in the world is horribly compromised and sabotaged by politics and its control of capitalism.   We do not have proper standards in operation and various limitations on politics and fiscal spending have been disregarded, overridden and discarded.
   It doesnt have to be this way, FIAT can represent a better standard but in this moment we are seeing the tail end of that story that began hundreds of years ago.   Its developed and deteriorated until we live to see it completely fail and die I think in many cases.    I do think the world will drastically change within my life time.

All of that is the story about FIAT, crypto in some ways is boosted in its prospects by a dire need for replacement but I dont believe its a 1 horse race and we will see many alternatives in operation and become viable in future and some will even be FIAT but in that new era bound to some proper governance.   Obviously we speculate not many will trust FIAT standards by that time and will favor crypto but I imagine a whole spectrum develops from this situation now.

It is good to share your thoughts on why you think cryptocurrencies are better than fiat currencies but I don't really think I agree with you on the fact that cryptocurrencies are better than fiat currencies. Cryptocurrency has good potential of giving financial freedom to people but as it stands now just a few uses it.  Cryptocurrency needs fiat currencies to survive in the financial ecosystem...

Cryptocurrencies certainly have some advantages over the flat currencies, like the fact the they are not controlled by banks or regulated and dependent on governments, but there is still a long way to go until we can say that Crypto is better than Flat. In the physical world in almost every situation flat currencies are easier, faster and overall better to use, so in my opinion until BTC or any other coin gets a full acceptance from all the different markets we will continue using Flat currencies.

I will speak for myself and being honest, in my case I like cryptos because they allow me to get high returns when doing trade (of course there are days that I have also had losses and I get nervous when I have losses). but the fact that I can do trade is thanks to cryptos, the fact that I post here in this forum and can interact with everyone is thanks to cryptos... the rest of the advantages everyone already knows

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

Not only that, cryptocurrencies are decentralized. if you look at a cryptocurrency such as bitcoin you can see it is a peer-to-peer digital currency that is fast, secure and decentralized. Fiat currencies are issued and controlled by the governments through banks while cryptocurrencies are decentralized, and controlled by no one.  

The thing is, crypto cannot be the same as fiat currency because of its volatility. The moment you sleep now and wake up tomorrow, its value wont be the same. It is indeed that you can earn while holding your crypto unlike in fiat currency where it will be the same over a decade or more. The thing is, crypto might give you or might lose its value depends on the market.

Yes, cryptocurrency is better than fiat currency. The payment system is very fast, it is only on the tip of your fingers. Another reason is that you can send it without some monitoring it, a sense of security. The only problem that I can see here is first, the adoption of the poor countries. The other problem is being volatile of bitcoin, it is hard for now to have that kind of money that in anytime, it fluctuates in different rates.

Well i think crypto is always better than fiat in terms of holding, but there are also a great advantage of using fiat because fiat is the most popular currency that already used for so many years, it is already been trusted, if we talk about crypto we can all see that it is now becoming more trend because of the unstable status but i think crypto really needs patience and not all of the people earn on it some other people loss because they are luck of patience.

They are the next step in the monetary system. I think they represent a paradigm shift as big as the Copernican model or the press. Sometimes I am totally amazed by the fact that we, as a species, have not only created something as abstract as a centralized monetary system, but that we are about to trascent it. The new system will be beyond boundaries and centralized institutions and that as abstract as a series of processors repeating ad nauseam a series of algorithms.

only if the bull run could come often but what if not ? what if dump season are the one that will come on most times ? idk if you will still say that crypto is always better   . imo fiat is better but not as always because we also get benefit sometimes from the bull market as long as we hodl a crypto 

trending because of unstable status ? wow  . i cant imagine that  . i thought people hate being unstable but people like it if crypto will be more stabe and will only increase steadily , that would get the attention of the public which can lead for being trendy

Cryptocurrency can really be on par with fiat currency but still doesn't have the power to overcome fiat currency in terms of being usable in our daily market now, yes you are right that as years pass bitcoin and the whole cryptocurrency scene is getting recognized by the world but it also makes a lot of news and threat to the government which can be a hindrance to our goal of bitcoin replacing fiat currencies because they are trying to make a move to take over bitcoin and stop it right away.

I would not say that cryptocurrency is better than regular currency. Each financial asset has its own advantages and disadvantages. So far, in the financial sector, we have nothing absolutely perfect. It will be better if we do not oppose cryptocurrency and conventional currency, but use them together, taking advantage of their advantages.
The advantages of cryptocurrency given here are not fully true. Is cryptocurrency safe if more than a billion dollars in cryptocurrency were stolen from cryptocurrency holders last year, and this year more than four billion?

There are several scenarios where your points are not valid. You say you have access to your bitcoins at all times, but it might not be true if you are using third party wallet providers or exchanges. <A lot of these services have strict KYC/AML requirements and many people's accounts has been blocked by these services for some violation of the ToS.>

You also say Bitcoin's security is "Top Notch", but have you seen how many exchanges and third party services has been hacked in the past and how many people have lost coins due to phishing scams?

Number 1 doesn't really mean why crypto is greater than fiat but rather just the opinions of those whom use crypto and view itnin a positive way.
Naturally, security is a lot better han fiats since most of the time, you'd be the one in control of your wallet and only you can transact with others. Of course, when you use third party wallet providers, your wallet may or may not be in risk because of hacks.
As for transactions done, blockchain techs one feature is anonymity so it naturally shows it when transactions are done.

User of cryptocurrency thinks that it is already better than fiat, which is actually not yet to happen. It will take a few more years for that to happen if technology will be developed together with crypto, where its capability will increase, the moment that we are waiting where we can finally free to use cryptocurrency in our daily life just like how we can use fiat currency.

I might have a rare opinion for people on this forum, but I don't believe that crypto-currencies in their current state is able to match or be better then fiat options right now.

They might have the better technology and be newer, but they lack adoption and people are also very against change and it will be be extremely hard for society to completely shift over to crypto-currencies as their main payment option, and that's why it's stuck in the other payment option that has a lot of enthusiasts.

Both of them has its own advamtage and disadvantage. It depends on you what to use for certain situations. Crypto is not yet popular to use it anywhere when we buy something so fiat is your best choice. While if we want to send money with a less fee, crypto is the best to use.

I have to say that both fiat and cryptocurrency has both advantage and disadvantages. Crypto os not yet globally accepted worldwide as an alternate medium of exchange, in some countries it takes a lot of process and fees, not to mention regulation that limits other users from transactig or even cashing out their crypto. Crypto being irreversible has both an advantage and disadvantage, once a transaction is done there is no way for you to reverse it unlike in banks. So as for now I would say each of them plays an important role.

yes, crypto is more acceptable right now, but it doesnt mean all of people know and use it. and not all people know about crypto, there are many store accept bitcoin payment, but maybe it just people that know about the advantages of bitcoin.
actually, fiat is secure too if the person make it more secure like make proof of payment.
you cant compare between fiat the real money with crypto as digital money, they have different world and different advantages. i admit if crypto more profitable than fiat but we cant rule out fiat.

Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.

We cannot conclude that cryptocurrency is better than fiat when most says that they can co-work together, believe in the function of fiat and would still choose fiat over crypto.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.

Indeed, payments in Bitcoin have become very popular over the past years and we see that even cryptocurrency banks are opening. Also in the future we will have faster and more reliable technologies in the field of cryptocurrency, because Bitcoin transactions are quite slow and not cheap.

Of course you are right that today Bitcoin is losing its appeal.  But you need to take into account the fact that even a direct competitor to Bitcoin, which is ethereum, has much better performance.  If we talk about the price and speed of transactions, then Ethereum can satisfy the needs of many investors, including large business.  If we talk about the future, then in the future there will be quantum technologies that can destroy cryptocurrency.  But it's too early to talk about it.  And today, I believe that both fiat currencies and cryptocurrencies can find their user without problems.

Fiat and cryptocurrency works together perfectly. They goes like this, cryptocurrency helps us to have plenty of profits while fiat supports that by its non-so-volatile price, what I mean is the fluctuations in cryptocurrency is painful to have, that is why cashing it out and turning it to fiat is a life saver before it goes down, it is more like a second life to us, that is why fiat must stay even though cryptocurrency will be the main currency someday.

Without fiat, we will be devastated to buying things if we are in a bearish market, you know what I mean, they are complimenting each other in their own way, so we don't want to bully fiat always.

Government can't control your money even your identity is more secure i think this is the best reason ever. Limitless transaction and store those are a big advantages for cryptocurrency. But also many disadvantages with crypto because it’s not a regulated in most of the countries and you can't use it as a traditional payment. High risk involved in crypto, a lot disadvantages in crypto. Fiat is a recognised currency it’s a big advantage.        

Yeah, both have advantages and disadvantages, of course you can't say that bitcoin is better at crypto on everything, and it generalizes everything. in some cases bitcoin is better than fiat, but in some parts fiat also beats bitcoin, as in acceptance, fiat is much more accepted in many places than bitcoin. cryptocurrency is better than fiat? That depends on which point of view you are looking at?

In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.

Cryptocurrency itself as a digital currency is not really better than fiat currency but the system (blockchain network) that cryptocurrency operates on is rather better than the system that runs fiat currency. Thus, the centralized nature of the fiat currency ecosystem does not allow financial freedom, whiles that of the cryptocurrency presents financial freedom to everybody in the ecosystem...

1) Easy to Send & Receive?
    ~Depends on the amount, if you're sending a large amount it is most likely to be slow.
2) Easy to hold?
    ~Certainly, you do have your own wallet to store it.
3) No Fees when holding?
    ~Of course, but just to be safe. Don't hold a large amount in any wallet/exchange sites.
4) No need to give transaction explanation like we do when fiat transaction?
    ~Yes, that's true, but it will be the same if you're trying to cash-out.
5) Privacy?
    ~Do you mean "Anonymity"? One of the reasons why the majority of people here choose Bitcoin over fiat.

There are still countries that don't accept Bitcoin in exchange for services, e.g. Medical Services, Education, Utility Bills. No matter how good it is, if the adoption isn't there, it's still not better.

You are absolutely right mate, not every feature of cryptocurrency can be attributed the all the cryptocurrencies that have popped up in the crypto industry. I know a whole bunch of them whose blockchain though described as immutable has been hacked before. It's best to place our trust in Bitcoin since is the only that has stood the test of time if you ask me. It's current difficulty also make it absolutely impossible for it to be hacked.

True crypto currency is better than fiat currency in many ways. Various reasons are out there for which we can say that crypto currency is wayyy superior than fiat currency.
1. Nah, I don't think so. There are just limited and selected few shops or online stores that are accepting crypto currency as a means of trade. But it is indeed growing slowly.

2.True it has "top-notch" security and but you sure it cannot be easily fooled? What about those network attacks that take place and causing bottlenecking of transactions along with high fee.

3.The transactions are secure but remember, most of the crypto currencies don't keep you totally anonymous. They are rather "pseudonymous", which means you can be eventually traced back. Again, don't you think this is also a scary factor since crimes can be comitted quite easily?

And aside from having financial freedom in crypto wherein you cannot see in fiat, cryptocurrency has also more secured and low fee transactions compared to fiat. People have been used to fiat for such a long time but if they will come to recognize more about crypto, they will discover that there are a lot more on crypto benefits that a fiat cannot even give to us.

It really depends what aspect your talking about. There's a tech side to fiat and Bitcoin, as well an adoption/regulation side, and there are other features like popularity between the 2 coins.

For technology, I think BTC is far superior due to its design model and it's decentralization, for adoption and popularity fiat wins by a landslide since it's way more used and adopted the crypto-currencies.

Crypto is going to be substantially better for the sale and exchange of digital items online I think, partly because once access is given there is no idea of a refund possible.    FIAT is better when people want to physically pass the note from one person to the other.    Bitcoin is especially useful where the central bank is unreliable and cannot stabilize the value of money over time where Bitcoin is a free market has the ability to stay away from political upset and fiscal overspending (inflation) because it is available for use in every country and a fixed supply with known schedule whereas the current climate for FIAT is anything at all can and will happen to pay the bills.

because cryptocurrency it is STILL impractical for daily use. I agree that cryptocurrency has it's advantages over Fiat currency but Fiat currency also has it's advantages over cryptocurrency.
both of the currency has flaws and there is no denying it. you can't just pick a specific strength of the currency that the other lack/weak and call it superior to the other.

i agree with you. if you use crypto like fiat or we replace fiat with crypto, all you do can more easily than before. just scan barcode, no third party to make big transaction, and all of them just one click.
but sometime fiat is better than crypto, considering many people that dont know and have boundary to learn about cryptocurrent

For me, I think it is the cryptocurrency that can be easily sendable and spend as well.
When a cryptocurrency can not be spent, it becomes absolutely useless. The value begins to deminish and will soon enough it cease to exist.
And another good factors we look should at is the technology behind the coin. Therefore, Bitcoin remains the only coin with this qualities.

  I don't think crypto will ever replace cash any time soon
because not everyone has stepped into the digital age we live within yet. It would serve my grandmother little to no purpose, as she is not very tech savvy. Hard cash that you can touch and see will be really hard to replace. I doubt brick and mortar physical Bill's go anywhere for a long time, but eventually once everybody is ready to make the transition, than sure! ;D

Fiat currency will inflation with lower price year by year, bitcoin or cryptocurrency never inflation because always have higher price every year and companies adopt bitcoin as payment transaction will get much money, now if you use fiat as your payment transaction maybe you have use all it soon, but if by bitcoin you can hold and get much profit when bitcoin up.

For me it already has almost. I buy most things with crypto. Food and bills with fiat and going out. But leisure stuff and hobbies and things like that are all bought using crypto. (mostly bitcoin) Online services I pay using mostly Eth and sometimes litecoin.


People always go on about how crypto is volatile but fiat loses its value quickly too. I remember 10 years ago when things were cheaper. Some of the stuff was half the price or close to it. especially fast food and things like that. I see 80% increase at least.

Maybe because now are got many interested on cryptocurrency that is why its better than fiat currency. Bitcoin have huge amount that goes up the price every minute. While the fiat price is taking for a long time before the exchange will go up. So cryptocurrency is much more better than to fiat.

I think bitcoin and other cryptocurrency is better than fiat currency because it is more valuable and more precious, that is why bitcoin is getting more popular everyday that more people are investing and buying in bitcoin and other cryptocurrencies. Fiat currency also takes a long time before it starts to increase it's price, unlike bitcoin it always changes it's price that makes our money increase when bitcoin started to increase it's price.

yeah, because of the decentralization. crypto is much in demand by the world community. Another advantage is that someone can send money through bitcoin without the maximum limit. we can send whatever we want. while banks have limits and there will be many conditions when we send large amounts of money. another is that bitcoin has a very small fee to send even though it differs from country.

yes I agree with you cryptocurrency is better than paper money. paper money always causes inflation and its circulation is always controlled by the government. I am optimistic that in the future bitcoin and cryptocurrency will replace fiat money. because now most people already use electronic money for payments. so in 5 or 10 years they will switch to using cryptocurrency.

Cryptocurrencies are more accepted nowadays. That is observable both in the media and in the actual world. Cryptocurrency transactions are also secure transactions. Cryptocurrency transactions are probably the most secured way of doing business. Everything's transparent as well as anonymous to a certain extent. I only have reservation about cryptocurrency having the top-notch security. It may not be fooled but it is always under attack online. And a single loophole in the system is enough for all the funds in the compromised wallet to be stolen in an instant. 

That is very well said and that is right. Well in terms of value bitcoin currency is really better than fiat currency. Also, bitcoin is a good investment. You can be able to earn a big profit if you invest in it rather than saving your fiat money in the bank where you can only earn a small amount of money. Fiat is a very low volatile and almost stable currency. Even if you are going to trade in forex exchange you don't know also how to read the market.

Yes, I agree with you and most importantly for me there is freedom without involving third parties and with the help of cryptocurrency it is possible to pay anyone throughout the world through cross-border transactions at no charge.
and the guaranteed level of security is safe and there are still many other reasons that make cryptocurrency better than fiat currencies

Crypto can also give us anonymity and security of our investment. It is good for long term and even in short term investment. In fiat the value of your money will be the same tomorrow, in cryptocurrency its value may be higher or lower depends on the flow of the market. Cryptocurrency can grow even if you dont hold it in a bank, you can also do trading anytime if you want to increase the number of crypto that you are holding.

The value of cryptocurrency will never be stable, it's been already discussed here that cryptocurrency is a decentralized one meaning it's volatile and price changes should be expected every time, and it is not the cryptocurrency who needs development, it is the Government, please take some notes.

That doesn't really portray why Bitcoin is better than Fiat.

You're misleading other people. Last December 2017, the price was like $19K more or less; last 2018, the price was jumping between $11k ~ $7k; now the price is jumping at $7k ~ $9k. So clearly it's not increasing "every year". The fiat takes more time to increase in value (does it increase? I'm pretty sure, "exchange value" is the one that increases) because it's centralized, while cryptocurrency is decentralized.

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Can you prove to me how can an asset be the future? I'm sure Gold, Silver isn't.

Increased supply(?) Do you mean "inflation"?

For online payment? I think fiat still wins over online payment competition, cryptocurrency payment online is very limited compared to our fiat currency now

Do you even understand how cryptocurrency work? It is volatile which means cryptocurrencies will never have a stable value no more development needed.

You got a couple of things wrong in the post. Even though crypto-currencies have gotten a lot more established in the recent years, they are still nowhere as accepted as fiat payments.

Cryptocurrencies are not being attacked/unsecure, it's the service providers of those crypto-currencies, like exchanges, etc. No one has managed to hack or control a crypto-currency yet, but obviously exchanges have been hacked.

The best part is that it's decentralized. I have a control over my own money. No one is controlling the supply and hence, isn't manipulating it the way they want. I prefer staying in cryptos with decent volume. Crytpos have inbuilt deflation and thus, work as a store of value too. And most importantly it is backed by maths. With more awareness in coming time, the use cases will increase and hence, will lead to widespread adoption.

Remember that not all cryptocurrency that's has the security you said, but I can only vouch for Bitcoin and some other few to have the security you said. That be said; I see cryptocurrency far better than fiats in the following reasons: its anonymous transactions, it decentralization among other cryptocurrency, it supply which is limited to 21M coins and among all, it has no central authority like fiats. I love the cryptocurrency to fiats.

At this moment when the vast majority of businesses are considering crypto, it now very easy to make low transaction with little or no fee using cryptocurrency. It is very safe and nobody can even suspect you hold such an huge amount of asset unless you tell them. Bank charges, transaction fee associated with fiat is completely eleminated or reduced to minimum. Now I purchase almost everything i need using crypto without hazzle especially crypto make it possible to buy material globally without restriction.

I think the reason why cryptocurrencies are better than Fiat is :-

1. Non governmental rule ie.. we don't need to actually be victims of the negative side effects of the government and the system , we could actually own our own money .

2. Its more secure even if the Bitcoins is not backed up , it's backed up world wide by different people thus you know we can be sure that it will suddenly go bankrupt .

3. It can be used as an alternative to fight the oppressive government , an example we all have seen already... It gives people the actual power .

4. It's volatility may help you make a lot of money if done right

5. It is employing people worldwide and these jobs are way better than the normal ones .

Etc...
There are many more...

In my opinion, people use Cryptocurrencies because they're somewhat anonymous or pseudonymous, trustless, censorship resistant, much easier to store and exchange, no need for giant vaults, easy to move from one side of the world to another and easy for rich people to hide their assets, but not because it's decentralized.

Decentralization in itself isn't really a feature most people want, it's just a necessity for other desirable qualities such as the ones mentioned above. If a government issued Cryptocurrency had such features while still giving the government the control they want and need to function, it will be used too. In fact, there are already companies moving in that direction: USD Tether, TrueUSD and many others. To get them initially you need to fill out a KYC form and from there a government investigator could just go along the chain of transactions until they know who you are.

Above in all of that, cryptocurrency doesn't work without a fiat. I like cryptocurrency especially Bitcoin since it has a lot of use when in times you need it. It's more than just a digital money with an anonymity, you can also invest in it but the fast moving volatility is your number one problem if you wish to use it in trading.

I am personally glad with cryptocurrency because it's easy to carry anywhere, like carrying a credit card. Fiat money that requires a bag or suitcase if carrying in large amount. Not with cryptocurrency, we only need a smartphone or hardware wallet to carry anywhere.

Cryptocurrencies are preferred for trade more every year because the processes are faster compared to fiat money. The security system of cryptocurrencies continue to be empowered as time goes on. Fiat money is getting old compared to cryptos day by day.

1) Maybe in your country. But countries like India, there have been reports that cryptocurrency users are being harassed by the authority. Some politicians even suppressed that if an individual is caught trading, exchanging or doing business with cryptocurrency, you'll be arrested. And I'm glad policy didn't pass, but nevertheless another man has been arrested for doing business with cryptocurrency (reason: doesn't have permit/license). Currently, there are still no policies/restrictions for cryptocurrencies.
Source: by bryant.coleman (https://bitcointalk.org/index.php?topic=5186696.msg52741399#msg52741399)

2) Bankrupt doesn't even make sense to cryptocurrency.

3) No, you definitely can not. It's a currency, not a political standing of some sort to gain "power".

4) For once you're right.

5) You could say that. Companies who regulates cryptocurrencies tend to employ people, indirectly that is. But earning cryptocurrency is not considered as a job.

If we follow the technological advances of the times, blockchain technology and digital currencies such as cryptocurrency is a good choice, but not the best, because cryptocurrency still has some weaknesses, especially for those who don't like transaction anonymity. I admit that freedom of cryptocurrency transactions is the best, if the government supports digital currency without negative regulations.

For investment traders, it will be good, the value of altcoin will fluctuate every day, creating profits for traders, margin, ... For fiat coins, there is no big fluctuation, The majority of fiat coins are used to store or flee market dumps.

I agree that the bitcoin is better than fiat currency because its value is experiencing deflation while in fiat currency experiencing inflation. But there are also disadvantages on using bitcoin in payment method like having a high fees and network traffic.

Until we live in the society with governments (centralized societies) - suppose it will never end - we will need fiat money and banks. Cryptocurrencies are very good for making fast and cheap transactions without borders, but again, nowadays, they do not mean anything if we do not have fiat money provided with gold or oil. Crypto, however, is the coolest way to earn, and people use this way.

I like that it is decentral and take the power away from the government. I hear what you are saying. I think you are right and most people will not care just as long as they can buy things with their money. It is very short-sighted. It is better than using a currency that the government will tax and waste that money.

"To get them initially you need to fill out a KYC form " This is ridiculous and will never happen. It is just too much manpower. It will take longer than voting and I don't see how it is going to help. What is the thinking behind this?

Yes, this technological advance makes all the limitations that can not be done manually by Fiat can be overcome properly. We can be free to send funds to anywhere in the world without restrictions, as long as there are no binding rules in the country. Moreover, cryptocurrency can be used simultaneously as an investment and trade commodity, this is very effective. However, fiat is also still effective in dealing with the other side of cryptocurrency, especially if there is no internet access, no matter how much cryptocurrency in your wallet still cannot be used. Is not it?

I like the function of the product more in cryptocurrency, it is well suited for Bitcoin. I think that Ethereum will in the future fulfill the function of money for small operations.

Fiat currency in its present form isn't really ideal. It has many drawbacks. Cryptocurrencies are indeed the future of money but not the decentralised ones. I doubt countries are going to accept Bitcoin or any other decentralised crypto as a legal tender leaving a few. There are many reason to that but volatility is the main. Also, centralisation is required in monetary policies for running the country and its economy efficiently. Paper currency will see a new form as a digital currency which will be efficient for new age transactions.

You right with Cryptocurrency transactions are secure transactions because payment sending only to correct address and we have valid proof for each transaction we made, for other fiat currency many people make invalid proof address to get more with every transaction, by using cryptocurrency show valid your transaction with transaction history id. You can't manipulated of transaction if use bitcoin and altcoin for transaction payment.

I can't really say its better than the other. They both have their own capabilities as currencies.

Yes, cryptocurrencies are gradually being accepted in the industry, but I don't think it's enough to be used globally and by everyone since not all still has access to the minimum requirements to transact in crypto.

Your #2 and #3 statements are almost the same. It just says that blockchain is secure. While this is true, you cannot deny that some exchanges, ICOs, and malware could still impose risk on crypto. Not to mention that transactions are irreversible, once you get scammed/stolen, there's no way you'll get insurance.

Fiat, as of now is better on handling smaller transactions where the need of crypto is not really necessary. Also, bitcoin's market is volatile, either you label the goods by USD and be able to pay using BTC, or change price by mBTC regularly, which isn't viable for small businesses to use.

One good thing though is it removes intermediary, which is good for transactions to anyone with minimal fees and no limitations.

Privacy and anonimity in cryptocurrency can be good or bad. It really depends on who uses it. For example, most markets in deep web (onion sites) use cryptocurrencies for payments to illegal activities.

Digital money is more convenient than fiat money because: 1) Can be sent anywhere in the world in seconds and with minimal Commission. 2) For their storage is not required to open a bank account and pay for it. 3) Some digital assets are anonymous, which is very important for some people.

for tons of time this same question has been answered from all sides but in the end its not about which is better but the one will help people use the currency in the most sufficient ways.for me theres no need for comparison because Fiat will serve people and cryptocurrency was created to do the same so why need to give questions that don't need to be answered
you have given 3 major reason why cryptocurrency is friendly user but fiat can give you assurance that you can make payments even without Internet since this can happen and crypto wont save you in this case

I think fiat currency is going to last forever. I mean when you look at London stock exchange, NY stock exchange. Compare them to crypto exchanges like Binance or OKEX or what not? you will see the different (The formality and volume)

Reference:
https://www.londonstockexchange.com/home/homepage.htm (https://www.londonstockexchange.com/home/homepage.htm)
okex.com (http://okex.com)

There are circumstances that cryptocurrencies are better; same with fiat currency. Both have their positive impact, comparable to the amount; cryptocurrencies are higher but fiat money is more stable. See? Both have their advantages so you better to keep them two. Do not choose one.

I think "stable" is not the right word for it to consider that it's better than fiat money. We will still have the same volatility that we experience now. Probably the same slow-transaction speed (depending on the volume), but nevertheless maybe liquidity will make significant changes by a lot, especially when people or a lot of countries have already adopted cryptocurrency as part of their "daily" transactions. That would be an interesting thing to see.

First of all cryptocurrency is a non legal distribution of money in which they don't need to pay their taxes in order for them to buy some goods or things while in fiat you need to transfer crypto into a fiat to become a legal currency that has been issued by the government in which the items or the things you need to buy have a equivalent of a taxes. That was one of the many reasons why cryptocurrency is more better than fiat.

I think all cryptocurrencies will reload whole financial world, like internet did in 90's

I absolutely agree! Cryptocurrencies gives us freedom an anonymity which cannot give by fiat currencies. However, both of them have advantages and disadvantages. We all know that crypto was very risky specially bitcoin for it was extremely volatile. Its price can change in a single time and may result to profit loss. On the other hand, we need fiat currency for it is what we are using in our everyday life and is more fixed in terms of price for it was regulated by the government.

Corruption factor could give positive for bitcoin where many country will adopt bitcoin with transparent payment sending system, using bitcoin we know how public can access with looking for on bitcoin transaction history, public now where and how much bitcoin sending from one wallet to other wallet, fiat currencies look hidden for every payment proof and look not transparent for using as payment system for sending or receiving money.

It is true that there are a lot of good things that will happen if crypto currency is our fiat but I don't think that will ever happen, ever. Bitcoin and crypto currencies are digital currencies, they are volatile and there is no way that governments will not be controlling fiat in their country. We all know that if that will happen, whales will be controlling the value of currencies, just imagine a whale controlling a country's economy.

And basically, the solution to such problem like these, is to develop a cryptocurrency that will be the base currency for a certain country. Definitely, a stable currency that will depends on the economic status of a particular country that can be manage by the government and its people. It can improve allot of areas in living, and whales cannot manipulate the market value. In this case, we can live in a world, where it's all digital and seamless.

One crucial aspect that you forgot the include is the acceptance of cryptocurrency in the world and its value in the long-run.
Although you have stated that more countries are beginning to accept its utilization, it is far from reality where we adapt and implement a digitalized form of cash throughout the world. In addition, the value of cryptocurrencies are dictated by its supply and demand in the market which can make its price highly inflationary once its supply decreases.

The problem with having a limited supply of money in circulation is among the people who own such majorities of its supply. Thus, it is at their disposal and power to manipulate and control the market and its price.

cryptocurrency can be a solution if a country experiences an economic crisis that causes the value of fiat currencies to fall. Fiat currencies fall because of hyperinflation. This inflation is caused by too much fiat money being printed. this is the reason cryptocurrency is better than fiat currencies. Fiat currencies always experience inflation while cryptocurency does not. because decentralized cryptocurrency will not cause inflation because there is no regulatory authority. cryptocurrency works according to market conditions. and the crypto market is influenced by supply and demand.

One thing I like about cryptocurrency is that even an ordinary person can easily gain access as long as he/she got a money for buying crypto and wallet for storing the funds, you do not need to go through a stressful verification process just like the banks are doing for their new customers.

At the moment, Bitcoin is the most widely used digital coin across the globe and it does almost everything a fiat currency can do. I believe that in the next coming years more people will realize it soon and the time for mass adoption will come.

Check the picture of topic carefully and you can said which one have inflation between fiat currency and bitcoin as currency, when you buy some thing suing fiat currencies in 2015 with $20 you can buy many kinds your needed, but today how much you can buy if you have $20, what about bitcoin have value $20 and now how much you can get if you have bitcoin about 0,1 btc with price of bitcoin today.

Yes. But for me we still need both of them as Bitcoin is not that widely used, so we still need fiat in our life. Investment wise, yes Bitcoin is better as you can earn money in it more than you are expecting depending on your strategy, while I'd you invest fiat it cannot give you returns the way Bitcoin can, as bank just offering minimal interest.

Do you mean developing another sh*tcoin? Please, I don't think that's a solution at all, or rather do we even need a solution for that?

Creating a dedicated sh*tcoin for every country--what's the difference it makes compared to having fiat money (which every country has)? It defeats its purpose. What's wrong on just using a "universal" cryptocurrency(-ies) (Bitcoin, and some notable ones), isn't it more convenient to just use few? It would just result in congestion (which we are facing now). Adaptation is still hard enough for Bitcoin, what more to "unfamiliar" sh*t coins(?), in fact, it would only cause confusion to people, and you want me to believe that citizens of a country would just say yes about it?

I believe that we have a very good opportunity to make money on a new type of currency. The price of cryptocurrency should grow every year. Especially the price should rise after a fall in prices over the past two years.

Concisely, cryptocurrencies have stronger security system than fiat currencies. They are also the best alternative choices for fiat currencies. In a bad economic condition, cryptocurrencies will be very advantageous compared to fiat currencies.

calm down friend, cryptocurrency will continue to move forward the decline in the last 2 years due to bad news has always come to cryptocurrency
Looks prices have started to improve from before just waiting for good news cryptocurrency will rise and soar hight

The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.

I don't think they should be compared, as we all know most people now prefer fiat rather than Bitcoin as only 1% of the population knows Bitcoin as of the moment, but investment wise, then Bitcoin is better than Fiat and we all know that, Bitcoin's price differs from to time, so it is way better than just saving fiat in your bank.

In terms of usage, cryptocurrency is more convenient to use since it is digital money and it is only virtual money, meaning it is a kind of money that is stored on your website wallet or application. In terms of transaction, cryptocurrency is way more efficient since you can pay easily using the particular application you are using, you only need the address of the person you want to send your money in, and then it is sent by just a millisecond. It is way safer than in physical transaction, there is no threat of stealing but the only threat is the scamming. You should be aware of scamming, there are lot of scammers in this section so you should be aware to that. Cryptocurrency is better than fiat because it saves space.

do you think its convinient to pay and wait for some time  ? you knew there are times that our crypto payments got delayed  .

scamming does not differ from stealing  . what can happen on fiat can also happen on your crypto

you mean on this bitcoin section ? this is only a forum but there are still many scammers outside  . cryptos does not save space at all but it still consume some space on your device .

One of the million reasons we have. still crypto currency is the best choice rather than fiat. but for now fiat is still helping us to improve our society regulated by government. maybe crypto will help us in future but we still need to balance all of this whether it is good or not. better to achieve success solution than rushing a thing we couldn't expect to happen. 

I like cryptocurrency because it is anonymous, not controlled by anyone and can also be used at any time when there is an internet connection. So far fiat is also not a problem in everyday life, but in my opinion cryptocurrency can make people safe to control their finances.
Everyone will judge the benefits of cryptocurrency from various aspects, I'm sure of that. Apart from being a currency, cryptocurrency can also be used as a profitable investment asset.

It has been said for many times that bitcoin is the future currency of the world and most of us believes in this because we are starting to do the extraordinary
Look some countries now are having bitcoin as a currency and mode of payments and many merchants all over the world are offering to accept bitcoin as payments.
This all things are enough reason for us to trust and wait until things turns to reality because the beginning is here already

But we can't consider cryptocurrency as better than fiat currency as of now, fiat is still best since it is used in any kind of transaction, and in any part of the world without restriction including illegal activities.
Unlike in cryptocurrency, which is still limited especially to most of the countries that are yet to adopt it. It will take at least a decade before the whole world can accept and legalize it.

It's simple,

Holding the crypto currency has a huge profit to offer.
Similar to bitcoins, If you bought in 2015 for $ 200 and you sell it now you will have 7,200 $ profit.

In fiat money if you had 200 $ in 2010 and you hold it until now it is still $ 200.

But investing in crypto is a huge risk, so you should carefully choose the coins you think will give you big profit for holding.

Yes, investment/profits, transparency, anonymity, transaction, and many more reasons why the cryptocurrency is better than fiat currency. That's the whole point why many ppl get hooked by cryptos, right? The profits that it can give you, and not only the profits. But the transaction that you can do with high security and anonymity. Cryptos is the actual future of currency, especially in this new technological era. :)

The big reason is that one has a chance to profit immensely by holding crypto rather than cash.  Most banks these days offer interest rates on deposits close to 0%, so it doesn't make sense to keep extra cash around.  Any money that you aren't going to spend should be invested in something, be it stocks, crypto, or what have you.

Another reason is that crypto is more anonymous than fiat, tho obviously not completely anonymous.  But at least you don't have the bank and possibly the gov't watching how you spend your money.  They have a much harder time tracking crypto transactions.

I've said it a zillion times in the past week, now is a great time to get into the crypto market.  Bitcoin isn't going to zero, nor are most altcoins.  Excellent time to buy low in anticipation of selling high.

The best way to answer that is by saying the cryptocurrency is a peer-to-peer digital currency. The cryptocurrency transactions are super-fast with very low transactions and very secure as well. the cryptocurrency is decentralized, unlike the fiat currency that is issued and controlled by the government.  

Cryptocurrency better than fiat currency for using as transaction payment, but when bitcoin or altcoin price have go down many investor and companies do not agree using crypto as currency, they look dislike with bitcoin and altcoin if price still down. Only take moment with bitcoin and altcoin become higher price for currency payment, when price dump they will left bitcoin.

Very well said, but considering the fact that no system is invulnerable to hacking, can cryptocurrency be the safest currency in the world? In my opinion, there's always a room for improvement and development, if we can achieve the most secured state of crypto, we con transition it to fiat but in a slow process.

True, there is no system that is truly immune to hacking and therefore the security to make bitcoin a place of storage is still doubted by many people. Everyone here has many ways to secure their bitcoin and of course we also have our own methods. The higher the level of security we have, the better it is to secure these high value bitcoin assets.

I think we need some revolutionary exchanges like binance and OKEX to accelerate at this stage...

Still Cryptocurrencies are not better than fiat in terms of obtaining profit.
There are multiple ways for you to get it from both currencies, the thing is how you will use them as a more intelligent take.

On one hand you can gamble with fiat on real world Casinos where security is why and you can't cheat out many often or getting out robbed from them.
On Online casinos with fiat or cryptocurrency specially you can be robbed with fake transactions or fake probabily fairs and so on.

For sure crypto is still way better on all other points mentioned.

Because the state wants to get tax. People pay a lot of intermediaries when they buy things. Bitcoin is becoming more and more common. There will be more economy. There will even be an economy where people can get their money directly.

but for me the bitcoin system is good enough, and hacking is common in exchanges or individual wallets which certainly experience errors when accessing or theft of data. so I believe that the bitcoin system is good enough but its use is not yet the maximum is the reason bitcoin cannot be used en masse for now as well as the regulations of a country that create other difficulties

You make a good point and there are numerous advantage why crypto is better than fiat currency but the state wanting to get tax was certainly not one of the reason. Meanwhile, we look back at the event that occur this year led to someone people switching to crypto will say ease of sending transaction and low transaction fees. An example is BTC~ $474,381,000 which was sent with just $377.56 (https://blockchair.com/bitcoin/transaction/003b44b752358ae6834c66dadb7f3c48a23e6e028091df961ea90b0e35da2a37).

For now I guess I cannot say its better because fiat currency is still currently in use and locally its really the means of exchange. We most likely convert crypto to fiat in order to make use of it in our daily expenses. When talking about future endeavors, definitely its better to earn and save crypto starting now to prepare for the full time usage of crypto all over the world.

In my own personal opinion, it's true that fiat currency is the currency that we use for exchange in goods and services, but when it comes to security, encryption, and fast transaction cryptocurrency will still be better than fiat. Also, crypto is decentralized that no one can control it even the government, that is why it is fine to me, even we can't use crypto in the real world.

Because with the help of cryptocurrencies you can get passive income  8)

It is a matter of trust. Whom do you trust? Your government? Your bank? A charismatic millionaire? Code, that is what defines Bitcoin, not the whims of a group of politicians their misguiding economists, or perhaps the board of some conglomerate or a rich man. Bitcoin code is the only one that rules it, and it cannot be easily changed without the acceptance of the vast majority of the owners.

Fact is fiat currency can become worthless overnight, over an executive decision. But not Bitcoin, it cannot be changed like that. You are simply trusting your country or group of countries to always do "the right thing", but wouldn't you feel safer if you removed them completely from the equation? How about money that keeps its value no matter what happens?

Remember when a country gets in trouble, its coin goes down with it. Maybe the usual fiats will always remain "good", or maybe not. Maybe you would do well to invest half in Bitcoin and the other half in fiat.

The financial crash of 2008 is a byproduct of the dominant school of economy, that preaches getting in debt rather than save, and causes money from nowhere "credit expansion" which inevitably lead to these bubbles. As long as the world insists in following those practices, they will keep occurring. A deflationary economy such as the one proposes by the Austrian school, never forms bubbles in the first place.

Slower but sure. Save then you buy, instead of get in debt to buy then you slave.

And yes technically Bitcoin is one of the best forms of virtual currency. Even gold is easier to counterfeit. If we suddenly went back to using actual gold coins, we all wouldn't have the capacity to verify that each coin weights exactly the same, and is exactly made of the right gold. Besides for online trade it would suck, and sending gold physically would be a security nightmare. Its already bad enough with fiat, with wire transfers that can take days or weeks...

I do not agree with your use of the term cryptocurrency. Sorry but no, i cannot say the same about your cited altcoin, especially that one that reversed its blockchain, AND has infinite production. Nope.

its mean the cryptocurrency and fiat money same good? yeah true, fiat also has useless in real life, when you want to buy something and payment with that
 cryptocurrency use by invesment. when i thinking that cryptocurrency better than fiat maybe many people leave it but now it not happen, people still use fiat its mean cryptocurrency and fiat same good.

Fiat consumes big amount fees and taxation but cryptocurrency will give the leverage from these issues and then you can handle the cryptocurrencies without any third party intervention but fiat currency is not working it such way.
Banks are there to steal your money in different aspects. Gambling is better than this fiat and banks.

I see only one positive difference between crypto and fiat, is that crypto is still decentralized, but in terms of usability, fiat is more convenient.

cryptocurrency is a new breakthrough made by developers to facilitate all transactions, even one of the advantages it provides is that cryptocurrency provides transactions so quickly rather than fiat. However, most people certainly still use fiat for payment transaction tools, and I think both are good and have their own advantages.

It's more convenient only because shops and business adopted to cash and credit cards. Once they adopt to cryptocurrencies, this payment could be as fast as swiping a card.

I think that Bitcoin and other cryptocurrency is better than fiat currency because it is more secure and more reliable, which is why Bitcoin is becoming more popular every day as more people invest and buy in Bitcoin and other cryptocurrencies. However, Fiat currency takes a long time before it starts to raise its price or that never happens due to the fact that is inflationary while bitcoin is better because it is deflationary.

Cryptocurrencies definitely have some benefits over flat currencies, such as the fact that they are not bank-controlled or limited and government-dependent, but there is still a long way to go until we can conclude that Crypto is better than Flat. In the physical world, flat currencies are easier, faster and better to use in almost every situation, so in my opinion we will continue to use flat currencies until BTC or any other coin gets full acceptance from all the different markets.

I think this is still one of the thoughts that have pros and cons. however not all countries accept crypto even, some countries reject other crypto and develop their own crypto. however, at the moment I am not saying that crypto is better than fiat, but I think both have the same equality. Until now, not all countries accept crypto, and also not all countries accept crypto as a means of payment.

This is obvious since cryptocurrencies are not that accepted today.

The fact that a lot of people still dislike the idea of Bitcoin and still calling it a scam. If people will continue to discourage other people to not use it, what more of the government that do not want decentralization? When we will be comparing these two, I can say that fiat currency is the present and the past but the cryptocurrencies are the future.

The cryptocurrency has allowed young professionals to have financial freedom. Transactions in cryptocurrencies are fast and convenient that the fiat currency. That is one of the reasons why it has become so popular in the youngest populations on the planet. It should be noted that countries like Nigeria; some studies indicate that young university graduates began doing freelancer jobs in science and technology, earning in cryptocurrencies. Experts point that Africa has great potential for its population to have maximum adoption of cryptography.

Bitcoin is self-sovereign honest currency, plain and simple. Transparent, automated, secure without the need for trusted intermediaries.

in fact bitcoin cannot be accepted in all countries, the rules of each country are different and not all of them accept bitcoin as payment. but if used for digital transactions it might still be possible especially for market places that accept bitcoin as a transaction

I think the most special thing about cryptocurrencies better than fiat currencies is the ability to not be counterfeited, not inflated, and trade almost instantly, a currency that can help the world get closer. and trade in the most convenient way, maybe in the future you only need a mobile phone to buy everything

what?how come that you are in crypto but your statement is against this?don't you really know how convenient cryptocurrency is?and how easy we can transact using this?unless your country does not support crypto that is why you can say that fiat is more convenient compared to crypto?

For now, I don't think I can say anything better because fiat currency is still in use at the moment and it'sreally a great thing to use everywhere locally. To make use of it in our daily expenses, we most likely convert crypto to fiat. Definitely it's easier to gain and save crypto while dreaming about future endeavours starting now to plan for the full-time use of crypto worldwide. Crypto is usually better if you want to make big money

Indeed, there are so many advantages of using crypto, yet, with our daily expenditures, you are right, we still need to convert our crypto to our fiat..In your local area, very few merchants are accepting crypto so it is not yet possible to spend crypto in your day to day life. Aside from the fact that if you are a bitcoin holder, as much as possible you don't want to spend it but rather keep it for the hope that it will increase someday and gain good profit.

Well you do have a point that's why I'm against to those topics or issues saying its better to change all the fiat to cryptocurrency and use it in the future without fiat money, yes there's too many advantages of crypto, its price can change and because of that we can engage to any strategy to earn, and it is decentralized so that no one can access it and own it and that's make it secured and safe to use and also with the use of crypto we can do transaction faster, and even the person or business transaction you are committing is in the other side of the world the transaction can be easily done in short crypto is an advanced technology but let's not forget where we started I believe even in the world become fully advance I know for sure we still need fiat money in case of there's an instance happens.

For better of cryptocurrency than fiat currency is security and timing. Normally we have to go bank or any other financial organization for money transaction but in cryptocurrency there is less time consuming and high security. There is no government documentation of mine so that govt trace my transaction and i also transfer my currency any time just i need a cell phone.

In my opinion crypto is better because crypto dont depend on third party and no medium just you are own bank and make transactions globally without any hurdle. Crypto have also security,while fiat can be robbed and damaged.

Crypto encourage smart ways of transactions quick and effective,The main competitive edge of crypto over fiat is that crypto is centralized.If crypto will be legal around the world will bring many changes in financial market.

cryptocurrency can be a solution if a country experiences an economic crisis that causes the value of fiat currencies to fall. Fiat currencies fall because of hyperinflation. This inflation is caused by too much fiat money being printed. this is the reason cryptocurrency is better than fiat currencies. Fiat currencies always experience inflation while cryptocurency does not. because decentralized cryptocurrency will not cause inflation because there is no regulatory authority. cryptocurrency works according to market conditions. and the crypto market is influenced by supply and demand.

Cryptocurrency have good characteristics because of its fast transaction and convenient to use but the thing is fiat is still better in terms of the usage. We want a mass adoption but the most of the people are still want the traditional way of economy where they still want to accept more fiat money than cryptocurrency. Only few merchants that are willing to accept cryptocurrencies because of the low awareness.

Cryptocurrency can be a solution if a country is experiencing an economic crisis causing a fall in the value of fiat currencies. Due to hyperinflation, fiat currencies are falling. Such inflation is triggered by the printing of too much fiat money. That's why fiat currencies are better than cryptocurrencies. Fiat currencies are always inflating, while cryptocurencies are not. Since decentralised cryptocurrency is not going to cause inflation because there is no regulatory body. Cryptocurrency operates on the terms of the business. Yet supply and demand are affected on the crypto market.

I don't like it when the states funding the companies that are about to fail. Printing money is not a logical action. How can you survive by constantly pressing new money. I think a limited and more transparent barter means a better economy. I think the cryptocurrency in Blockchain offers a better economy.

I think cryptocurrency is better in some ways and also fiat money has its own advantages in the game since we been using it for a long time.

As digital money, cryptocurrency is surely secured but still, we need to improve it over time because as a digital currency or money just imagine if someone hacks it compare to fiat money.

It is true that cryptocurrency is already becoming a  trend worldwide and slowly getting more accepted by a long of country and being legalized in a lot of country as time passes, but still most of the time cryptocurrency doesn't recognize as a currency since it has a decentralized system and the government probably not going to use this as a currency simple because they cannot regulate this digital money resulting to a high price of 7k$= 1btc.

It's possible when they use or a people use a simply like a dollar without fast change of the price. They can do cashless transaction but it can do when everyone have an access from technology. I think when the near future comes there are two kinds of uses, the crypto and fiat from exchange in the market to avoid forgetting of fiat and the people on it.

Even of the people are still using fiat it doesn't mean that the fiat is their favorite currency. Because we all know that not in all countries bitcoins or any altcoins are accepted like here in my country, bitcoins and altcoins are not yet accepted here because only few knows about it and I think our government does not aware also about bitcoin.

Actually between bitcoin and fiat has their own advantages and disadvantages. People use bitcoin because they want its decentralized nature and the privacy that bitcoin offers, Bitcoin has so many features that fiat doesn't have, but it's too volatile, people prefer using it as an investment tool. How about fiat? Let's be honest you can't survive living in this world without fiat, everyone needs it, you might need both of them.

States have the power to print paper money. This situation causes some problems. Because inflation cannot be prevented. States are printing money when they are stuck. In economic policies, this power drives them to laziness. Cryptocurrenc offers a fixed number of production.

Crypto is secure, transparent, private and self-sovereign. It represents the next evolution of value transfer, especially online. 

One of the excellent factor why the cryptocurrency is better than the fiat, the transaction is faster than the fiat, in just a platform we can use sometimes they don't need the kyc. Still, today kyc is more important for verifying, both parties just need to communicate and if they have a deal depends on them which one will send the transaction and wait for a while and the done. In fiat we need to go somewhere that we need to transfer the money and wait for the queue and fill up a lot of form and line again. This kind of method is too long instead of using the cryptocurrency transfer.

In addition, cryptocurrency is not tied down by exchange rates and interest rates, or similar charges of other countries, it can easily be made use of globally without having to experience the inconveniences that usually happen with fiat money.
Cryptocurrency is absolute financial freedom and independence. In some years cryptocurrency will be more widely accepted and usable.

Cryptocurrency is better because it is very transparent in checking and monitoring the circulation or storage of currency.  Everyone can check transactions and account balances.  Everything is public.  For Fiat money and the banking system everything is controlled by the bank and we cannot know if the liquidity of banks is good enough or not.  Banks' monetary reserves are mysterious and only they know what they have done to them.

Cryptocurrency is good, but I wouldn’t say better, because it all depends on how you view it. Yes you’re a fan of cryptocurrency and you will always say that it is better than fiat, ask someone who is not a fan and they will tell you it’s worst. So, like I said it all depends on what you use it for and how you use it, there are risks in using Bitcoin and most of those risks can’t be found in using fiat. When I was still a newbie in Bitcoin I once made a mistake of sending payment to someone I don’t know and ended up losing my money, and there was no protection unlike when I use PayPal.

But, put myself in the shoes of that guy I would say that Bitcoin has some advantage because as a seller I’m safe because transactions can’t be reversed, but I’m on the bad side as the buyer.

Yes we do love cryptocurrency because it gives so much opportunity for us as of the moment, since we are at early stage, but let's still be realistic that we still need fiat and for sure it is still convenient for us to have fiat in our everyday living as not all people are open yet for this and not all business can accept crypto as payment.

Businesses will accept cryptocurrencies if all other businesses receive cryptocurrencies publicly. Currently the industry is relying on government policies to be able to operate stably. Large businesses like Google, Amazon, Microsoft and other businesses can accept Bitcoin in big countries like in the US, UK, Japan ... But in the world, almost not all businesses know it. to cryptocurrencies and understand them to perform thank intermediary math.

Surely as a digital currency cryptocurrency have a lot of advantages compared to fiat currency. I think as digital money something like transactions, physical form is one of the top advantages transactions could easily make around the globe easily using cryptocurrency and also it is secure since it doesn't have a physical form. But still, the biggest issue for me is the cryptocurrency will not going to be a currency like for example bitcoin since it has a decentralized system and cannot be regulated by the government.

Yes, it is becoming regulated - AMLP/KYC/FATF Guidelines are trying to make a cryptocurrency environment as similar to banking system/wire transfers as possible (what is forming some obstacles which are practically impossible to be fixed). The worst possible scenario is that there will be a list of cryptocurrencies regarded as a pure investment (eg. Bitcoin), which can be traded only if you have a crypto-broker license.

No matter how long it might take for it to happen, cryptocurrency will come mainstream due to its advantages over fiat money. For example, the current fiat money used around the world today are restricted within territory while cryptocurrencies are boarderless in nature without any form of restriction. Another solid advantage is the ability to easily search through records of transactions within its blockchain. This are just to mention a few. There is no doubt that cryptocurrencies will be generally adopted in the near future

what I like most about cryptocurrency is that it transfers very quickly than conventional banks ( especially money transfers between countries with different exchange rates )

Honestly their both good form of payments and asset, some people just prefers crypto currency because it offers something new to the table where you can freely use and control your money without worrying being traced or regulated by the monetary system, but bitcoin has its drawbacks it can't be used as payment in local businesses, not all people uses crypto. That's what fiat is good being used as physical form of transaction and people likes stability not like bitcoins volatility.

I think cryptocurrency is just futuristics and easier to use because it is portable and secured compared to fiat currency that could easily stole from everyone and also could be destroyed.
But more like cryptocurrency is not yet used since the technology needs to keep up so that it could easily be implemented in the community compared to fiat money which uses already the traditional way.

In addition, what cryptocurrency has and fiat doesn't is the strong encryption of its data to the blocks, supported by its backbone which is the blockchain, that makes it possible to trust the system 100 percent unlike what the fiats have even if they have made their currency digital, without blockchain, transactions created from their platforms will not be as secured as cryptocurrency has and will possibly have, in the future. Furthermore, cryptocurrency could be serve as an investment because of the volatility it possesses for people to gain profit.