Bitcoin Forum

The infographic  (https://assets.weforum.org/editor/ZjLoZrfU_fXs3qHkDUgJWgLrkaDzeKaRQFcOH6hFvP8.jpg)shows the 10 most popular banknotes worldwide with its anti-counterfeiting security.
There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000. (https://www.federalreserve.gov/boarddocs/rptcongress/counterfeit/counterfeit2006.pdf)

it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (Operation Bernhard (https://en.wikipedia.org/wiki/Operation_Bernhard)) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.

Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !

Because it is safer and more reliable than banknotes

If we are just looking at this angle then we can tell that bitcoin is really better than banknotes but if we look at accessibility such as the remote areas without electricity and internet access on remote areas in the third world countries then we can say that banknotes is better than bitcoin. But both the banknotes and bitcoin have its own uniqueness, advantage and disadvantages thus its good to have both.

I think bitcoin is better than paper money because it can not be tampered with. if it is widely used in the daily human payment operations. It can help prevent counterfeit money. Reduce the situation of counterfeit money in the market today

You have a nice point and advantage of bitcoin but it is not only going to reduce counterfeit, it will totally eradicate it because bitcoin has no fake, once it is transferred to a wallet, it is real, existing and usable at anytime. It does not get old  ::)

Bitcoin is a currency whose regulation is not regulated by any central bank, so we can freely use bitcoin at will, just open it Bitcoin is not a corporation or a business entity. Bitcoin users are not burdened with any fees, including when transfer or just keep the money.

I still don't understand why is it legal for central banks to print as much currencies backed by toilet paper and devalue it which only hurts the holders and users of such currency.

Printing Bitcoin is not actually printing you are getting rewarded for your tasks of securing the network.

Can someone explain what central banks have done in order to deserve such power over people.

In my country, we had to swap our currency three times in three decades because of Government/Central bank fuk ups.

Bitcoin can circulate freely around the world, while paper money cannot.
Moreover, it is very convenient to use bitcoin, and the transfer speed of bitcoin is very fast, which is also the advantage of bitcoin

I think that Bitcoin is better than paper money because it is not connected with the state currency system.
This is its huge advantage!

Bitcoin is a crypto currency that is acceptable to any other countries direct price, with out convert to equivalent price in USD, and secondly is faster than banknotes transaction, and secondly bitcoin transaction can be done at any given point in time, while Banknotes work with time duration.

The banknotes build trust on nothing material and are inflationary. Bitcoin builds trust on mathematics certainty and is deflationary. Need anything else?

Well, it is not as if it was not attempted before. There was several attempts at double spending and there are also several hard forks that tried to dismantle the security of Bitcoin. <Bitcoin XT / Bcrash etc>

We have also seen some very close calls to a scenario where there could have been a 51% attack. In essence these attacks are just as harmful as counterfeiting in fiat currencies.  ::)

Good thing is, we are still standing after all of these attacks.  ;D

Bitcoin is way better than the fiat money simply because of its technology but still we are experiencing a problem with cryptocurrncy since a lot of government are still not accepting this as a legal one. Yeah we cannot counterfeit bitcoin but a lot of scams happening around this market, well I hope this problem will address in the future.

banknotes can be lost and bitcoin is not available

Boths are important , bitcoin is security coins and more flexible than banknotes. But bitcoin has a simple hacking problem...but banknotes has no risky .I like banknotes than bitcoin.

Bitcoin is more flexible than bank notes, because bitcoin is very safety to use. We can use bitcoin throughout the world but we cannot use bank notes like that. Bitcoin is more reliable than bank notes. The transaction speed is very fast while using bitcoin. We can transfer bitcoin from any part of the world. This is also an another advantage of bitcoin usage. In future bitcoin that is cryptocurrency only takes place. Usage of bank notes will be less.

Governments basically print money anytime they want, they are the ones counterfeiting if you think about it.  Counterfeiting destroys the value of your money and makes people lose trust as rapid inflation occurs.  Bitcoin is truly excellent because of the set supply amounts based on code.  There is no magical printing with bitcoin.

Bitcoin is better than Paper money because bitcoin is a digital currency and we can access from everywhere where we get internet facility but paper money can't store in digitally form and counterfeits problems in market also its price is non volatile but bitcoin price is volatile and we can make profit from bitcoins.

Bitcoin is better than banknotes because bitcoin value changes day by day and it is profitable for all the users.

it is because the bitcoin is more valuable than paper money, if the paper money in the investment will run out quickly if bitcoin in the investment it will increase, this is the benefit bitcoin .

bitcoin can not be forged and better than paper money, but if all countries use bitcoin then world class hackers start acting more

The currencies were backed by gold until a few decades ago. Since the currencies are backed by the population debt (thanks to the federal reserve). More money printed more debt. The problem will come when the population wouldn't be able to pay back the debt. In the USA when you born you are already in debt. of $30,000.

Bitcoin is not backed by what we call a Ponzi while describing the current financial system. There is an awesome documentary to watch "Money as debt" one of the best I have seen.

Well, that's why decentralization makes sense in the financial industry. Bitcoin came up with the clever solution of the blockchain to deal with the issues of real-world financial industry and that's the reason why it is gaining momentum day by day. When things are centralised, it is the soft target for criminals to manipulate it and that thing is not possible in the crypto industry because decentralization doesn't allow such loopholes.

one of the benefits of bitcoin is not able to be robbed or robbed. so can reduce the crime rate. does not require a safe. can not be physically damaged .

This is a very remarkable point I myself have not considered and yes this is a huge plus for the bitcoin and crypto in general. With the way counterfeiting and fake currencies abound, the capacity of the economy to work right with these notes is difficult and for practicable purposes, dangerous. This would never be the case when crypto is in use.

I will always vote for bitcoin because it is less stressful. Queueing at the bank is something is so stressful and time consuming plus it is time bound. You can only access the banks only during their working hours but bitcoin is not so. For bitcoin, it could be accessed 24 hours in all 7 days in the week. So yes, bitcoin is better than bank notes.

bitcoin money is very profitable to transact between countries because all countries in the world have many who use it without any regulations from the government, and avoid the fake money let alone the robbery .

Definitely Yes. Bitcoin is better at being money, at being currency, than other currency - because it is technically designed to be better at being currency.

The key problem Nakamoto solved was that of double spending, without the need for a 3rd party. You can’t double spend a physical dollar because you can’t duplicate it, but with digital assets, it becomes easier to duplicate and copy. This problem is solved by using a third party to verify the transactions, like a bank or a credit card company. Bitcoin aimed to replicated cash transactions digitally without the use of a 3rd party.

actually the answer is zero because since I have joined bitcoin, I have heard of bitcoin is counterfeit whereas I have listened to many news about fake
currencies over the world, now this is the main reason why bitcoin should be adapt in all the countries to reduce rate of fake currencies. even in my country the rate at which fake currencies going round is much.
now how we detects those fake currencies is from the market women, because fake currencies is easily detected with water.

I think both are better in their ways. We have different point of views on it. Better be used what you you think that can help you grow, not just help your money grow, but also help you to grow in many terms. There is no doubt that we used both bitcoin and paper money, its just that we are earning profit when we used bitcoin, but in terms of safety its better to use bank notes.

Bitcoin is safer because of the protection of privacy, safe and bitcoin can not be controlled by anyone even by the government. I think that's what makes bitcoin better than banknotes

Bitcoin is the first crypto currency started in the year 2009 with  strong net work systems which can be operated world wide A bank notes it is valuable in a country only and if the countries financial stability is not good the bank notes value can be depreciated mean time what ever may be the global financial conditions the bitcoins value will not be depreciating and hence it will not be changing.So bitcoin is better than bank notes.

Both bitcoin and banknotes are both important in their own ways. But I think in today's time bitcoin is better than the banknotes because firstly in case of bitcoin we get more gains than the
interest that we get from banks. Secondly banknotes involve counterfeit money but this is not so in the case of bitcoin. Other reason is that in bitcoin person himself is the owner but in banknotes government or any third person is the controller. So due to all these points bitcoin is better than the banknotes.

Becaus there are some reasons why bitcoin or any crypro currency is more better than banknotes because of security and fastest transaction as ever anywhere in the world they can recieve there money in just few second without banks.

Bitcoin is better than fiat money because besides being a bitcoin currency is also worth the investment that allows bitcoin to have value that can continue to increase.

I think both have their own flaws and advantages.
paper money can be used to shop, meet daily needs, while bitcoin I think is more suitable for investment assets.

 We cannot really compare the power of bitcoin versus fiat currency which is controlled by the government. Hence, bitcoin has many usages, especially in this current internet-based generation. However, it still important to have fiat currency because it is not always that we can help to rely on bitcoin because so far not all people knew it.

Thus, it is still important to identify the reason behind this ever-growing number in use of bitcoin and the analysis of comparing the used of it over the fiat currency (banknotes). But, if we talk about the accessibility and features of bitcoin in terms of accomplishing on the internet based then most probably, it has its advantages over fiat currencies.

probably only msalah security, bitcoin certainly more secure because it can not be stolen.
because bitcoin is not shaped, I think that's the only difference between the two.

I think both have their own disadvantages and advantages. The excess of Bitcoin has a secure Bitcoin privacy protection and bitcoin can not be controlled by anyone even by the government. While Fiat Money is money based on centralized debt issued by banks and driven by inflationary monetary policy which is managed by the central bank of a state controlled by the government.

I would not say bitcoin is better than paper money and vice versa.
both have different uses, i rsa bitcoin only one point ahead of the banknote.
bitcoin can be used as a long-term investment tool. it's the advantages that bitcoin has.

Totally agree. Banknotes have been a problem for society, while with Bitcoin all that ended, now we have the opportunity to be ourselves the owners of our money. Without intermediaries or frauds.

It is obvious for me that bitcoin being a digital currency at first place is way more comfortable to use regulate and to provide the service to it, so it is the one extra reason to make bitcoin a worldwide currency.

This is a different kind of money and it is even difficult to compare them with each other. It is impossible in this context to say that it is better - bitcoin or banknotes of national paper money. Each of these types of money has its advantages and disadvantages. However, due to the fact that they are completely different money, they can only walk in parallel with each other.

Actually I can't see any advantages of paper money over BTC. THe only one that you can possibly think of is the ability to use them without any online device and power source, but I can't really think of a situation where that would be a problem. Everywhere where people are there's power and Internet and if you are in the bush, far from civilization, chances are nobody will be interested in your paper notes.

TO me the Number 1 reason Bitcoin is better than banknotes is because there is a fixed amount.  No more out of control spending by .gov who then uses that to tax/enslave us further.  If we had truly free money like Bitcoin things would be much better.

Both things has their characteristics to boost and to compare against each other as well, but if weight them both you can't decided 100% totally in one side since today we still both need them.

Bitcoins holding is much more valuable than banknotes. Bitcoins can give you a profit on your holdings while banknotes is just for transactions and store of value.

     bit coin is better than bank note for the following reasons;
1   bitcoin is digital while banknotes are not digital
2   bitcoin is generally accepted while banknotes have restriction i mean international restriction because you can not use a foreign currency in another
     country.
3   bitcoin is done online while banknotes would need a physical cash transaction
4   with bitcoin you are safe and secure you move about with it in your mobile wallet while banknotes needs physical movement which calls for side
     attractions
5   bitcoin is the same value and exchange rate any where in the world if used for transaction but banknotes is not so. you would need to convert it before
     doing what ever you want to do.
6   bitcoin transfer is done very fast but banknotes are not so. you would have to go through process which is time consuming
7   transaction with bitcoin is less stressful but with banknotes very stressful.
8   bitcoin has a higher mining rate but banknotes has restriction
9   bitcoin is digital which makes is easily accessable while banknotes   is not so you would have to go to the bank for a physical withdrawal
10 bitcoin has a very high profit value while banknotes is just for storage with note profit value

So far, nothing is better. You will be shocked at the purchase of coffee, knowing that the commission took twice the cost of the coffee itself. And there are many such examples, bitcoin is not yet suitable for everyday financial use.

I agree with you.
do not look on the side only, and show the advantages and disadvantages of each of the two parties between bitcoin and paper money.

There are two sides of this. In one way BTC is safer than banknotes because of we don't want to bring money anywhere its in electronic wallets. But other way hackers can hack our wallets between transactiions.

Because Bitcoin's supply will always remain 21 Million compared to unlimited supply of bank notes.

Very good explanation mate both are useful depends on the istuation and the area or localtion, like herein in my country they many remote provinces didn't electricity how can use bitcoin without internet and electricity ut i still believe the orogress of the new technology still in progress in the future the remote area become aware about bitcoin use by new the technology.

bitcoin has no understanding of inflation! in many countries, print out as much money as they need! not even paying for your gold reserves! bitcoin is very popular in Africa! because there is the only way to save your money!

only having this advantage, I think we need to pay attention to bitcoin. what do you think? is that enough reason? I think so.

price will increase. Our job is to wait. Please buy some bitcoin at this time to have more in the coming time

There is of course a controversial issue about what better bitcoin or banknotes , we live in a world where there are still people who do not even know how to use the Internet or very bad they own , bitcoin has many advantages , but I think its full use only in the future , for today it is impossible .

in my opinion, because bitcoin does not have a system like a bank system that harms its customers, .. !!

There is a great list of advantages of Bitcoin before the existing currency which is represented by bills of paper money and coins. I can only point out that bitcoin is not so easily stolen as a regular currency that you have in your physical wallet.

Why the world needs Bitcoin and Why Bitcoin is better than banknotes! Look at this short video and this is only one of the big advantages BTC  ;)
 https://twitter.com/BitcoinJC/status/1021776161385459714

There is no such thing as counterfeit in bitcoin, yes that is right. But basing you judgement on that could be misleading. The advent of bitcoin has reduced the habit of generating counterfeits but rather, these persons have directed their attention to to bitcoin and blockchain to scam others on blockchain technology. Bitcoin is tagged with a whole lot of names and even being rejected by other countries. So from my opinion, bitcoin can never be better that a banknote. They are both unique in their own ways.

Conventional currencies like the US Dollar have some drawbacks. Nevertheless, many people underestimate those weaknesses because so far there is no competitor strong enough to doubt the public confidence in the conventional currency. Well, the emergence of Bitcoin as crypto currency circulating on the internet slowly able to shake that belief. The reason is none other than the ability of Bitcoin to 'patch up' the deficiencies of conventional currency.
Some advantages of bitcoin :
1. Decentralized
2. No Transfer And Storage Fees
3. Unlimited Transactions
4. Faster Transactions
5. The amount is limited

I totally agree with you. for me, bitcoin not only build trust on mathematics, deflationary but also build trust based on future technology and its anonymity

The reason that bitcoin is better than paper money is because it is more profitable than paper money. For example, if you have $ 100 of paper money you keep it, you will not get much profit by using 100 dollars. so you can trade bitcoin and bitcoin transactions

Undoubtedly, bitcoin is much better than bank notes, since bitcoin is constantly being valued, especially in countries with high inflation; while the bank notes are devalued and lose value.

The biggest advantage of bitcoin that Counterfeit money is not possible. Secondly all transactions can be traced with address also. Bitcoin coin transportation has no cost. Lesser security needed, only cyber security would be prime issue, and that is with all currencies. So complete support for bitcoin.

cause bitcoin gives financial power to the people and takes it from banks. just that reason enough to made me want to use bitcoin instead of using banknotes.

I think bitcoin is better than paper money. because digital currency, bitcoin is very easy to use for transactions around the world, while banknotes can only be used in the country of each banknote is issued.
in security issues also bitcoin is very safe than paper money. because, bitcoin can not be faked by irresponsible parties like paper money.
so it can be concluded that bitcoin is safer than paper money and easier to use in terms of daily use for the future.

really what you tell about bitcoin because we know bitcoin has advantages and also have shortcomings we can only minimize the possibility that will appear of course

think bitcoin is superior to paper cash since it can not be altered. on the off chance that it is broadly utilized as a part of the every day human installment tasks. It can help forestall fake cash. Diminish the circumstance of fake cash in the market today

I believe banknotes, otherwise referred to as fiat currency, have their place in the financial system, because you can pay taxes with them and in the case of a few of them are relatively stable. I envision a future wherein bitcoin and fiat currencies will coexist and float in value next to one another.

Only for fast conversion and easy handling

The data for the value of various currencies in circulation comes from the Bank for International Settlements’ Statistics on payment, clearing and settlement systems in the countries report. , while The data for current cryptocurrency prices and total market cap come from Coinmarketcap. btc cannot be manipulated while bank notes can. so with this and with the way bitcoin and other coins are moving in the world economy, it is obvious that bitcoin is better than Banknotes.

what banknotes? ;D whats price of banknotes? bitcoin now is more than 8000 $ guys, it will be more than 10000$ in the end of august

Bitcoin is safest currency right now. Using blockchain system, bitcoin hard to duplicate. Bitcoin data transaction spread all around the world and its almost impossible to hack or change the transaction data. The ledger on bitcoin is very transparant and every body can see transaction data thats why almost impossible manipulate bitcoin data

Bitcoin is the crypto currency with very strong net work systems and it has specific features and  can be operated world wide  .Bitcoin is a digital one mean time but bank note is a physical one there is possibility for the theft and looting.Bitcoin is good media for the transaction very fast can operate world wide but bank note cannot operate world wide like bitcoin so bitcoin is better than the bank notes and it is a new form of economy  with multiple usage.

Bitcoin is more adaptable than monetary orders, on the grounds that bitcoin is extremely security to utilize. We can utilize bitcoin all through the world yet we can't utilize monetary orders that way. Bitcoin is more dependable than certified receipts. The exchange speed is quick while utilizing bitcoin. We can exchange bitcoin from any piece of the world. This is likewise an another favorable position of bitcoin use. In future bitcoin that is cryptographic money just happens. Use of monetary orders will be less.

Yes it is much easier and more comfortable to have a bitcoin on your wallet then to have a bunch of bills in your physical world, especially I would be happy, when we will be able to use it wherever we go.

There is no doubt that bitcoin is better than the paper notes in the sense that bitcoin is safe and it is independent of any external influence like the government especially its value and depreciation.

 In every investment either on Bank note or the crypto /  Bitcoin, has different feature to attract investors, Bank notes classified as Solid investment from the Bank, they present this as Legal Certificate of your investment, yet, Bitcoin or the crypto currency are base on Digital transaction, no hard copy of investment but it is just a Digital transaction which is can be verified with your Bitcoin wallet which show the investment you made. To qualify the which is Better or not will depend on the issues of the investors, as we can see a lot more or the growing acceptance of Bitcoin is increasing every day.

I think the bitcoin is better than banknotes because the bitcoin is safe than banknotes. Also the bitcoin has a bigger earnings than banknotes. The bitcoin price now are higher than before so if you choose bitcoin than banknotes I think that it is a good decision. Also the bitcoin is profitable than banknotes.

because bitcoin has a pulling value for the demand. That's where the bitcoin benefits with paper money. I think the paper money will be replaced in the future.
and bitcoin will become digital money in the future later .

It is not possible for any one to produce any counterfeit of bitcoin. Blockchain technology has made that possible. We only have different forks of bitcoin like Bitcoincash, bitcoingold etc in which we know that they are not the same thing.

Both bitcoin and banknotes are important although bitcoin secured coins and more flexible than banknotes. Bitcoin is a currency whose regulation is not regulated by any central bank, so we can freely use bitcoin at will, just open it. It is not a corporation or a business entity and the users are not burdened with any fees including the transfering or just keeping the money. If we are just looking to the view of bitcoin users who are exposed to bitcoin then, we can conclude that bitcoin is really better because it is safer and more reliable than banknotes but if we look at accessibility of the areas that don't have electricity and internet access then, we can say that banknotes is better than bitcoin. Banknotes and bitcoin have its own uniqueness, advantage and disadvantages thus its good to have both.

Banknote and bitcoin both are important things. But I think Bitcoin is better than the banknote. fast of all bitcoin is a coin, there is no risk of carrying it. But you have to face problem with banknote. Bitcoin is better than banknote because of it's freely use.

Yeah , here we are fully restricted with lots of rules and laws with the banks note  , so we need to go through lots of the formalities processes , but here surely in bitcoin we don't need to go through any type of the prices and also we are free to work wherever we want , there we don't need any type of affidavit system of contract rules .
Well here we should come across the thought that we should see bitcoin as a universal way of Payment system where we remain free from any law and rules and also we should know about the real fact of the cryptocurrency that this is our future , because day by day problem of unemployment is increasing , so here lots of chances are that we can't get better success to find job with use of education base .
Here the whole world need to change his mentilty over the cryptocurrency and adopt it as a future , where it will be more helpful thing to grow the economy of the country .

Because it is more trustable and more safer than banknotes .

In India, our PM created an explosion one night by demonetizing the Indian currency and it created a lot of chaos in the society. Even if the govt. were able to eradicate a majority of black money, there are fake currencies that are being distributed all over again!

But if Cryptocurrencies were used, the creation of fake currencies is 0 and morever it would create more value to the Indian revenue! By the time the Indian Govt. realises this, there will be other countries ahead with the acceptance of cryptos.

I believe all the developing countries or developed countries should start accepting cryptos. As we move into the future, paper currencies may be replaced with digital currencies!

Yes, Bitcoin is better than banknotes it's very easy and affordable the bitcoin rather than banknotes. You can transfer money in safest and fastest way and flexible than bitcoin i know that bitcoin and banknotes is important but i want you to know what we use and very convenient to use. Many countries is not using bitcoin because they have not internet or etc. but if one countries have internet they can use bitcoin in transferring money.

yes i agree with this but banknotes is better than bitcoin.because the banknote give security of your assets.but bitcoin don't give all of this. 

Even though people scam,fraud and do other unscrupulous activities with bitcoins, I have not heard or encountered any fake bitcoins. That has been a major advantage to we the bitcoin holders and investors. At least, you have the assurance that your bitcoins are always genuine.

According to my opinion bitcoin is a crypto currency that is acceptable to any other countries at any time.It's out convert to equivalent price in USD, and secondly is faster than banknotes transaction. and thirdly bitcoin transaction can be done at any given point in time in the world.  :)

I think bitcoin is better than paper money because bitcoin is digital and maybe for fake it is very difficult and paper money will be known and widely used long ago but also lots of counterfeit banknotes in circulation and I think bitcoin is better than paper currency because, bitcoin may be difficult to forge

I think bitcoin than FIAT's biggest advantage is that it will not inflation, no country can print bitcoins.

Because bitcoin is completely safe. Therefore, it 's always the best choice for people

I know that bitcoin can't be faked, but what can I buy now with bitcoin in my country? The answer is very simple-nothing! And this drawback outweighs all the advantages of bitcoin.

true, I also think bitcoin better than banknotes because it should not be tampered with, and can help prevent fake money. This may help in preventing crime in everyday life

just for example. if we go out of the country especially visiting countries that have joined bitcoin. we do not need to exchange our banknotes with the country's currency. enough with bitcoin we can directly transact easily

I think banknotes today is not fair, government print the banknotes regardless the amount of  gold so the inflation will make the price fall but bitcoin also not perfect because it has no intrinsic value although it's easy to use but it has no physical  form which mean it's has 0 intrinsic value. But in my opinion, bitcoin is still better than banknotes because bitcoin price will rise because of deflation.

Banknotes can earn up to 30% for 1 year. But, you can gain 20 times more with cryptocurrency. By the other side, the risk in cryptocurrency is 20 times higher.
Banknotes can forbid my money when they wants. But, i found my freedom in cryptocurrency.

Because all actions are transparent and fast.  And that with the usual currency, there were always different manipulations, stealing, etc.

Yes, bitcoin cannot be tampered. There are lots of fake money made. Aside from this, the transaction of bitcoin is fast and transparent. And investments in bitcoin gains more profit than paper money.

It is way more secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone. If you ever try to counterfiet bitcoin you have to blind all the bitcoin users, investors and users of bitcoin are their own security keeper of the ledger. You have all eyes on you if you try to counterfiet bitcoin itself.

Bitcoin is much safer cz its the way money could be gather at one place rather than diffrent place

Bitcoin has a secure Bitcoin privacy protection and bitcoin can not be controlled by anyone even by the government. so it is the one extra reason to make bitcoin a worldwide currency.

        Bitcoin is said to be better than banknotes because there are many rules and regulations in banknotes that we have to follow strictly . Bitcoin is a decentralized mode so there is no need to follow any rules you are free to use with your own concern only. Bitcoin is an universal way of payment we should know the real fact of cryptocurrency because day by day the unemployment rate increases and we can understand that there is no use of education to get a better job.

Because it is more trustable and more immune then banknotes.you can transfer money in fastest and bitcoin price is always deflation.i thought many people like bitcoins.

Bitcoin is secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone.Bitcoin has lots of transparency when you come to that.

because the growth of bitcoin prices is faster than the banknotes and the profit earned from investing in bitcoin is bigger and faster than investing in banknotes.

That's right! One of the reason why bitcoin is better than banknotes or bank is being growth faster ot the bitcoin price. Bitcoin is profitable than the banknotes, with no hassle, without getting your private information.

The reasons are endless. and are actually all the best characteristics of money e.g it cannot be counterfeited, it is portable, divisible etc.

I think both bitcoin and paper money have their advantages. It depends on how we look at it. Bitcoin itself is easier to use for large-scale or sending between countries. In contrast to paper money that sometimes need something to be perceived mamfaatnya. But back again to everyone. I think paper money is also very good because we use everyday for all needs. So of course everyone has their own thoughts and judgments.

because of its high and expensive exchange rate bitcoin. bitcoin can also be used to buy something we want overseas without having to exchange currency in their country. By storing bitcoin we will get a big advantage .

in current modern way of life, bitcoin may defeat most features that banknotes have
considerably fast and cheap worldwide transaction, counterfeit resistance, trustless payments and etc
but in a secluded area with no internet and tech, banknotes would certainly more acceptable than bitcoin
bitcoin transaction requires some tech awareness while banknote requires none
bitcoin relies on internet connected device for tx confirmation while banknote doesn't
so I would say both have their own advantages, disadvantages, and best usage

From the name itself, banknotes are not owned by the people. They are not people's notes. They are owned by the banks. They are the ones playing with its value and its circulation. The people are like sheep in terms of how they are herded by the banks in our present fiat system. Bitcoin, on the other hand, is owned by no other than the one who is holding it. And it is used on a peer-to-peer basis.

I do not think there's anything better. Because bitcoin or banknotes has flaws. But keep thinking about the positive things of both. Both are very useful for our lives in my opinion. So do not compare it.

Sorry to disagree but Bitcoin is much riskier than any investments because the price is really unpredictable unlike the bank notes that it guarantee the earnings except if the bank will be bankrupt but we could choose the best banks to prevent this bank notes of loosing. Bitcoin is better than bank notes in talking of earning but that was just only if the price of Bitcoin keeps on increasing but if the price fall down like from $19,800 to $8,000 then that is another story.

WOW. That's because bitcoin is cryptocurrency, every peoples ever been try to make it or fake it but nobody can. And maybe that's a lot of people's questions? how to make currency that can't be remade or forged. According peoples cryptocurreny have own rules. And the most great is the price of this currency is very high so many peoples want to steal it. :)

I believe that transparency and minimum commissions are one of the main qualities of the crypto currency, and there are no geographical limits.

This is a very good information. This argument can be used so that the government of different nation that bans crypto could think twice of their movement. Cryptocurrency could replace the traditional bank notes, its just needs a little improvement in speed of transaction.

Bitcoin is better than paper money because it deals with fast, safe and secure transactions. The cost of international transfers is low, limited to 21 million coin. Be protected against inflation. No one can control and print Bitcoin as cash.

In terms of the above, Bitcoin is better than cash. But you can not just compare one aspect that concludes that Bitcoin is better than cash. Each of them has its own advantages and disadvantages. Bitcoin, for example, is not stable, it's not a function of a currency, it's not popular in all countries or in remote areas or people who do not know the internet will use it. yes, ...

Bitcoin is better than banknotes because of the fast facing value and it is decentralized and the income we might generate from investing in bitcoin is very worth it.

Bitcoin is more risker than banknote.Anything can happen to your BTC wallet any minute, But banknote  i feel is better and secured,reason your seeing how your banknote goes.

In my opinion its just becouse of it's anonymous, fast speed of transactions, cool privacy and small transaction fees.

Bitcoin is an electronic asset mean time bank note is a physical currency with the specific value.If there will be a financial recession to the country means the value of the bank note will be depreciating mean time the value of bitcoin will be stable .Bitcoin can be useful for the world wide shopping and mean time the bank note can be used only inside the country . Bitcoin is useful for the easy and fast transactions  world wide with out the interference of the third party .So the bitcoin is better by all means.
      

Actually bitcoin and banknotes each have weaknesses and strengths. There is no perfect currency that can be used anywhere and in any situation. I don't say that bitcoin is better than paper money, it's just that I will say some of the advantages of bitcoin that paper money doesn't have. Security, bitcoin is safer than paper money. Bitcoin is safer than the danger of physical robbery. Other people also don't know how much bitcoin we have because control of bitcoin is on ourselves. Bitcoin is also more practical because we can carry bitcoin anywhere because bitcoin is digital. While for paper money we cannot carry in large quantities because it will burden us.

"Better" means not always the same as what's important with people needs. bitcoin is not regulated by any institution. if lost there will be no guarantee we can get our value back. different from banks. but to be a means of payment I agree that bitcoin is the best payment. but for currency for daily use. fix value stil needed.

Both are good and helpful , banknotes are the classic way while bitcoin is modern technology, that's why in some countries it hasn't legalized Bitcoin .

This is indeed interesting,bitcoin is better than bank note because it can be carried everywhere and no matter the quanty while for banknotes,you have a limit to what you can carry

Well ... I'll say what I say always ...
Bitcoin is decentralized, respectively for me it is already a very strong argument in the bitcoin pain regarding paper money. Yes, and the form of money in paper is outdated, it's time to become digital money

this is a good topic. it is true that banknotes can be falsified and that is certainly very detrimental to the country. whereas bitcoin cannot be forged.

Very true, I agree with you. Assessing cryptocurrency (Bitcoin) and paper money from a regional perspective and one's condition. Bitcoin is very valuable for those who have internet coverage, so Bitcoin is only owned by a few people.

falsifying bitcoin I've never heard the news I think faking bitcoin might need to be considered because we know the price and value of bitcoin cannot be determined with certainty currency counterfeiters will certainly think further about it

Thats true, with banknotes you will be troubled in bringing a lot of money and crypto will be more flexible, besides that you are right that there is no geography limit, you can shop and transact with anyone around the world without a hitch away by using crypto, different from banknotes

In my opinion, still now it is impossible to say which is better - bitcoin or banknotes. Bitcoin can not do without fiat. The crypto currency and ordinary money has its advantages and disadvantages. Therefore, you need to take advantage of both types of money. Now you do not need to use just one thing. For the time being, we mainly earn in the crypto currency, and the profit is partially transferred to fiat, since it is not possible to directly use the crypto currency as a kind of money.

because many people doing bitcoin faster than banknotes and for that safety and reusable, flexible and helpful

For some people, many don't trust this currency because the way it works is rather strange. The greatness of this currency is its cryptographic technique that can protect its users. Bitcoin security comes mostly from hashing, and this hash's used to link one block to another block in the blockchain. Each block stores the previous hash block, and the hash value cannot be replaced without changing the block hash value now (which also needs to be changed in the next block, and so on like that).
When making transactions with bitcoin, actually we all send the transaction to the network of miners. To ensure that no person can transact using our wallet without being known, in this case there's some security that's enforced. With bitcoin, it means we don't have a pile of money that can go up and down like money in a bank. Instead we have a set of bitcoins which can be traced, up to the first miner.
With existence the assumption above, of course bitcoin's the only best currency than paper currency, because the system of the spread of paper currency's very flat no wonder if finally paper currency is very vulnerable to fraud and counterfeiting.

It is obvious that bitcoin is more secure currency than physical notes. Here are the reasons
1. No need to carry physically any currency.
2. Save electronically and access it any time whenever you want.
3. 24*7 Availability.
4. Low transaction fee and borderless transactions.

There are honestly just too many benefits.

The main one is probably not even about the counterfeiting that goes on with these banknotes. The main issue with fiat banknotes is indeed just its fiat nature. The money supply is solely controlled by central entities that has shown that they are more than willing to debase the currency supply and essentially create this invisible tax that everyone has to pay through inflation. And hyperinflation can also occur as a result. Just look at Zimbabwe, Argentina, WWII China etc.

Even if it's not hyperinflation, just look at the depreciation of the dollar over time. Crazy.

Bitcoin's benefits can really be compared to gold. However, gold can often be counterfeited and it's hard to tell real gold from fakes, and even if you could, it's a costly procedure that is extremely time consuming and just a hassle overall. Bitcoin does not need this.

Bitcoin has no use value, only exchange value, and because it is has no worth in use other than what others are willing to pay for it, it is always in a bubble: these happen when prices of assets get dislodged from their fundamental value. So Bitcoin is the perfect bubble. Now the obvious question that this raises is the following: Is Bitcoin so different from the dollar? a dollar bill also has no use other than what people are willing to pay for it. and if people decide they wish to trust the people who create the Bitcoins more than their own government, then perhaps it could be an alternative medium of exchange.

don't get torn, no need to replace, safer and reliable etc.

Bitcoin is better than banknotes because the banknotes are subjected to the creation of counterfeit, wearing off and tearing. Banknotes are also subjected to central third party interference which normally makes its transaction delay in some circumstances.

Things that make bitcoin worthy of being a future transaction system are faster, better, cheaper and certainly safer, this is what makes banks worried about the development of bitcoin so they carry out various negative campaigns about bitcoin.

it is true that bitcoin is better than paper money, because its value is very high compared to banknotes, and that applies throughout the world, we can shop using bitcoin in other countries, and if we use paper money we have to exchange it in a country we visit, but if we consider it from another perspective, paper money is also better, like in remote areas, in rural areas and there is no electricity or internet, then paper money is better than bitcoin, so it would be better if we had both.

I think banknotes are much easier to counterfeit. I think that now there are a lot of fake banknotes in the world. In addition, banknotes are printed in large quantities in contrast to Bitcoin.

Bitcoin is better than fiat currencies as it makes the work easy of transacting world wide with out having to approach the banks for transferring funds to any part of the world, bitcoin gives a sense of financial freedom to it's users. Bank notes can be stolen whereas bitcoins cannot be stolen as it is a digital currency and the bitcoins are transferred through online protocols to the wallets and vice- versa. Fiat currencies can be duplicated whereas bitcoins cannot be duplicated  and so manipulation will not happen in a bitcoin network.

I think that bitcoin is better than fiat money, because bitcoin can be assessed as an investment (asset) and they also have no problems, you can pay.

I think why bitcoin is better than banknotes is because  Bitcoin does not rely on a central authority such as a central bank and has no intrinsic value. There are no public records of the transactions which makes them irreversible.

Bitcoin can not be better than Bitcoin Bank!
Bitcoin and altcoin will grow rapidly in the near future!
2019 will have a lot of changes!

Bitcoin is better than banknotes is because in terms of profitability it has a higher rate of returns and it is safer compare to banknotes.

I think bitcoin is more netter than bank note because the bitcoin price can change day by day and than Bitcoin can use through the world
But minus of bitcoin is fee transfer fee very expensive

Bitcoin is better than paper money in some many aspects, I will just briefly highlight some points: Unlike paper money, bitcoin cannot be damaged by water or any other liquids, bitcoin cannot be mutilated like paper money, also, bitcoin cannot be physically stolen except it is done online. There are a lot of other things that makes bitcoin and in fact cryptocurrency a better currency than fiat currencies, such as the ease of transfer, durability, etc.

The blockchain is poised to replace our current standard of trade which is fiat money. But for me, we are a long ways still form this happening. It will have to go through lot of research and government drama worldwide. It only needs one successful country to create a domino effect though.

Bitcoin is a digital currency that is acceptable across the nation, that can add values at any give point in time, therefore bitcoin transaction is fastest transaction that not required long protocol before sending. Which is far better than Banknotes.

Because the advantages of bitcoin are more than bank records and the more people who use bitcoin, then people move by using bitcoin in the end.

That is a strong point that adds up to the list of Bitcoin benefits, it's true that BTC has never been counterfeited but let's not forget that hypothetically it's still not immune to the 51% attack and we know that in 2014, the mining pool ghash.io briefly exceeded 50% of BTC network's computing power, afterward they voluntarily committed to reducing their share of the network. Today, from a realistic view it's very unlikely to happen again.

Both have advantages and disadvantages, bitcoin can be hacked, banknote is difficult to circulate widely. In addition, the price of bitcoin often fluctuates, I think later we need to find the optimal solution. I like banknote than bitcoin.

Because it has several advantages of paper money easier and more practical in making payments or purchases so that it is widely used and has the highest popularity in all countries

Yes are right, it two different currency with different advantage and disadvantage in bitcoin it with required is blockchain which automatically means it self or individual control why bankNote is centralized which means you need third party before you can perform any transaction and the advantage of paper money over bitcoin is that any fund lose in bitoin is at your own risk nobody will be hold responsiable

Bitcoin is better than Fiat money definitely,in the future I hope there will be projects that will give the opportunity to use bitcoin in the calculations in everyday life.

 difference between cryptanages or why bitcoin is better than banknotes is due to the fact that  bitcoin payments are only available digitally, while paper money exists in physical form.
Paper currency currencies are central, bitcoin is decentralized. While a central authority (banknote) exists in the paper money system and prints money, there is no such central authority in crypto currency

It is better in terms of usage and transparency in the transactions happen around the globe. Much faster than the fiat transactions and also fees will be 90% less compared to fiat transactions.

Counterfeiting of currency notes is a big problem for any country. Even during historic times, the gold and silver coins in circulation were counterfeited by reducing the percentage of the precious metal. With the introduction of paper money it has become even easier. Bitcoin gives the users an advantage by using blockchain technology where they cannot be counterfeited.

Is this possible to counterfeit the bitcoins?

I don't think it is possible because it is in digital platform and on its own blockchain network so any one can never counterfeit the bitcoins.

But it is possible to counterfeit the cassacious. ;D

Bitcoin may be better than paper notes, but it also has weaknesses that are ready to generate evil. For example, large-scale money laundering using bitcoin.

Bitcoin is good, better and the best in term of making it as a means of transaction but not to the extent of better than bank. Unless the bitcoin survive most of d hardship facing d bank then will bitcoin be the best to me. Lastly h should note bitcoin has not been using to purchase pepper in my country

Central banks can print with Quantitative Easing as many banknotes as they want because they HAVE THE POWER to do it, unless it will impact huge in the economic system and its inflacton.
So with BTC instead you cannot mine more than fixed amount of virtual coin, you already know that 21 Milions, so in the first thought its price can only grow up in the future ( look in the long term always ), do not make the mistake to look everyday at the cart keeping you finger cross to wait iys appreciation , if you're not a professional trader ( I meant pro speculator ).

In the end it's up to you if you want to believe it or not, but it's a game changer for me in the ecosystem and when the whales are out, we can talk again. This time for sure.

There is no such thing as a "bitcoin" that can be copied. Rather, there is a list of all the transactions that have taken place on the bitcoin network and the order they have taken place. Every client has a copy of this list. Essentially, the only way to counterfeit bitcoins would be to spend them in more than one place. This is called a double-spend attack. However, because of the design of the bitcoin blockchain (the list of all the transactions) and the way that list is secured by mining, this requires a tremendous amount of computer power.

The basic point is really that if Bitcoin is to replace money then Bitcoin has to be better than money in some or many ways.

As you said Banknotes has a flaw it can be faked no matter how advance they Update it. I'm not saying that bitcoin had no flaw too rather i say they didn't find something as of today to make a counterfeit out of it. But nothing will last is this world forever time will pass it will become useless or overcome by other crypto currencies.

Yes in some point it is better but we can't just ignore that banknotes has some advantages too cause not every one in the world can't access Bitcoin specially the poor countries and remote

That is one of the he advantage of bitcoin, it can not be fake. You can be scammed if you are not wise but there is no such thing as fake bitcoin. Moreover, if we talk about the counterfeited there is really no recorded incident on it. Bitcoin is really more effective that it. And more efficient at the same time.

I think banknotes is better in third world countries as there are some remote areas without electricity and internet access. Thus, both banknotes and bitcoin has their own advantages.

Sorry, I don't think that Bitcoin is better than paper currency. I know both have their own advantages and disadvantages. Bitcoin has a high value, so some investors are very interested in making a profitable investment method. But, even though paper currency cannot be used as an investment method, many people use it as a transaction tool.

This is the new world order and the Bitcoin is the currecy of it (with all altcoins ofcourse). The cryptos is safer than paper money if you know how to use and save it. I believe that the paper money will fade soon and the crypto money time will start.. (in 2020 or 2021). Anyways, you can loose your funds in both ways if you are not carefull..

I think bitcoin is better than paper money because it can not be tampered with. if it is widely used in the daily human payment operations. and also The cryptos is safer than paper money if you know how to use and save it. I believe that the paper money will fade soon and the crypto money time will start.

Bitcoin is better in terms of security not in terms of value since it is highly volatile,but bitcoin is not yet ready for daily usage since we don't have many people to accept bitcoin as a currency but everything will change soon so until that keep holding bitcoins if you have.

The reason bitcoin is better than fiat money because bitcoin is worth investing, the value of bitcoin can increase and it will be able to provide very good profits.

yes, cryptocurrency is more secure. fast transaction and almost no error(except human error). most of all is the decentralized thing that conquers the banking system. but i want to state that nowadays banks start to implementing some decentralized features to their conventional banking system. and the fact that their own system is well established and supported. some way this will the biggest threat for crypto world. hope wecan find some solution

.At the time Bitcoin was worth more than all banknotes and coins of every currency  because it can not be tampered with  or easy to destroy.

maybe because with bitcoin we can send easily wherever we are and bitcoin itself is almost indestructible and the limited amount will not decrease and there will be no more
maybe that's the reason why bitcoin is special and also cannot be falsified.

because bitcoin is more profitable if we invest in it bro. than we invest in paper money. just invest in bitcoin and save it, we already get a profit when the price goes up ..

Mass production in large quantities is not impossible. Distribution becomes easier. Without insulation, without limits. Beyond countries that are separated by distance and time. This makes bitcoin better than paper currency

Bitcoin is better thank banks because it has a fixed maximum supply of coins and rules on how it operated. It was created to solve the problem that banks can be manipulated by governments and bankers alike, and also to give people freedom of privacy in their transactions, although all transactions are public on the ledger, provided sending/receiving addresses are kept private and new ones used for different transactions a certain degree of privacy can be expected. That is so far the most reasonable answer to the question I guess.

There are a lot of reasons among them if highlight some then i must say bitcoin con not be destroyed easily but bank notes does and secondly banks notes value is constant.

bitcoin is a crypto currency that is very perfect, bitcoin is the future of the world
although bitcoin prices move dynamically but bitcoin has great potential and benefits compared to fiat currencies

paper money and bitcoin are the same as good, because with paper money we can enter kebitcoin and together with bitcoin we can produce paper money. on the results of our hard work with bitcoin.

In my opinion, the choice of all current transactions must be towards the convenience, ease, less procedures, security, legal clarity and security. If the currency does this will be the best choice.
Bitcoin can do this. By the convenience, fast, safe and well-proven. Everyone in the world can exchange, buy and sell via Bitcoin and just a simple click.

Banknotes can be printed by central banks, and their emission can be out of control.

At the opposite the emission of bitcoins is limited, that's an aspect of bitcoin's superiority.

And bitcoin is accepted more or less worldwide.

Banknotes can be printed and be forged. Cryptocurrencies  doesn't have paper banknotes so it is better.  Additionally, the convenience it gives when using it as a paymeny for financial transactions.

Bitcoin is better than banknotes from my perspective in the sense that banknotes can be forged and printed. Aside from that, you can't earn much from the bank like how you will earn from bitcoin. Investing in bitcoin is very profitable as well as risky so choose wisely.

in my opinion, btc or cash for now is nothing better, both have their own shortcomings and strengths, it is true that at a glance we see that, counterfeiting of money, it sounds like something that is very detrimental and shows that btc is superior, but if we see from another point of view, as in practice BTC has not been able to cover all transactions and even btc is hard to access even some countries or regions that have limited internet access and technology learning are not known, it is a weakness of BTC and when it sees that cash seems far more valuable not, so the point is, for now there is nothing better but both are very important where both can complement each other's shortcomings

Safer? no! in part, it is a means of money-laundering and a product of corruption for many. In order for bitcoin to become an official banknote, you need to work hard. But nobody in the government wants that.

Your opinion is correct but We can not compare bitcoin with banknotes as this is a digital currency and not possible to use it every ware like a banknote this can in future if all contrary approved it and easy expandable but this is taking a huge time.

Yet, governments, businesses, and institutions ate dillying and dallying over their adoption of the Bitcoin. From your post, the Bitcoin can surely put an end to the issue of counterfeiting which has and continues to plague our world. If I owned a business or were the head of some government, I wouldn't hesitate in adopting the Bitcoin as a payment means. If you ask me what my efforts have been within my sphere, I make payments in Bitcoin where it is accepted and wouldn't hesitate to make all my transactions in Bitcoin if allowed. The world will surely come to terms with the fact that cryptocurrencies are here to stay and will make our lives better. It is only a matter of time.

the excess of bitcoin that is not owned by paper money is bitcoin can not be falsified, from the emergence of bitcoin until now there is no news about bitcoin counterfeiting, while there are many money in various countries that have been falsified so much to many people, and bitcoin is better than the national currency how until now

Yes, probably absolutely everything. You can start with the fact that paper money is much less convenient to use. Well, there is such a wonderful lucky as decentralization ... such paper money and never dreamed of the sweetest dream. So the question should be put than paper money better than bitcoin ... and it's hard for me to say what.

I think bitcoin is safer. Bitcoin can be used for illegal purposes. You are right. But the transparency of bitcoin transactions can remove many corruptions.
There are some problems with bitcoin, But I think they are less compared to Fiat.

personally it is very convenient for me to send money to my friends in other countries! they get them very quickly and the commission is cheap! That's all it says! Bitcoin is a new digital money. We all still live in the digital age ?!))) bitcoin is rapidly moving and developing the entire world economy! Paper money gradually goes to the background, after bitcoin.

In the past week three major banks and the tax authority in the Netherlands were victims of DDos attacks, resulting in loss of service for quite some time. Do decentralized networks such as Bitcoin's blockchain provide better DDos protection.

the world is changing rapidly and there is a very fast exchange of information! now between people, companies and countries has grown very much tougrow! you need to quickly exchange between each other! on this bitcoin and crypto coins are very interesting - with their fast and cheap transactions.

I think Bitcoin is better than paper prices because it can be used in all countries where Bitcoin is not connected to the currency system in each country, it helps everyone to transact using Bitcoin

You can't falsify Bitcoin, you can't rip it in half, you can't print it endlessly. These are the best arguments I can find that are pro Bitcoin.

1. Decentralized, Bitcoin is the currency in which the distribution is not regulated by any central bank. Thus, no one can cross the price. Although not officially reagulated.

2. No Transfer and Storage Fees, Bitcoin is not a corporation or business entity. Bitcoin users are not charged any fees, including when making transfers or just saving money. That's because, Bitcoin is an open source technology that can be enjoyed by everyone, no matter who and where they are. In contrast, conventional currencies are tightly regulated by financial institutions that often charge transfer fees to their clients.

3. Unlimited Transactions, Because Bitcoin does not have an intermediary, transactions can be done without any limit. Compare it with financial transactions that are usually facilitated by the Bank, credit card company, or e-payment system. There is always a minimum and maximum transaction limit applied by intermediary bodies like that. In addition to the amount, the transaction limit is also set for a certain period.

This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People  will never understand the true purpose of bitcoin.

People don't trust cryptocurrency.A lot of people don't trust credit cards.People should feel the money, touch it with their hands.

Bitcoin has no use value, only exchange value, and because it is has no worth in use other than what others are willing to pay for it, it is always in a bubble: these happen when prices of assets get dislodged from their fundamental value. So Bitcoin is the perfect bubble.

Bitcoin is better then paper money in many aspects. First of all bitcoin is a digital currency where as bank note are fiat in nature. So like bank note no one can make duplicate of bitcoin. And we can use bitcoin anywhere anytime with the help of Internet and we can also use an high amount of money at a time. Bitcoin provide better transaction facility then that of bank. It also charge low transaction cost with high privacy. Bitcoin provide easy exchange with other currency.

Bitcoin is better at being money, at being currency, than other currency because it is technically designed to be better at being currency. Bitcoin is also cheap to send transactions with no extra charges between countries, money can be sent with ease from one end of the world to another in seconds.

Invalid how? The forks don't aim to be the real Bitcoin (ok Bcash does) when you are showed a 1 Bitcoin Gold they don't tell you it's a Bitcoin, they say it's a Bitcoin gold. With counterfeit money, they will make you think it's a real banknote. Following your argument, a Canadian dollar banknote is a counterfeit banknote of the US dollar...

we see from two different points of view. If access is good, like electricity and internet, I think bitcoin is better. But on the contrary, if access is difficult or far away, I think it's better for paper money.

it's perfect, one of the greatness of Bitcoin is this, nothing can be falsified ... even the records of Bitcoin transactions can't be changed. in contrast to bank records, they can delete or add to their currency transaction records. and others are bank records can't be accessed by the public, while bitcoin, just by giving an address, everyone in the world can see the transaction history.

Off course comparing the two, Bitcoin is better than banknotes, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees, while banknotes is a type of negotiable promissory note and considered legal tender along with coins. They make up the bearer forms of all modern money.

Bitcoin is easy to access, we don't need a money changer. Bitcoin make transaction faster and easier,  bitcoin is better than bank or banknotes. There is no tax on bitcoin, no hassle and have more privacy than banknotes.

Some very simple reasons are bank notes can be fake but bitcoin cannot, bank notes can be destroyed easily but it is hard to destroy bitcoin.

in my opinion, of course bitcoin is better than bank records because with bitcoin that has blockchain technology can record all transactions and still intact will not be lost or deleted.

I think why bitcoin is better than banknotes, because bitcoin is most popular and most effective money and bitcoin is easy way to access and easy way to transaction, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees.

I have a friend back in 2015 that was given a payment of 3.5 BTC. at that time it was $200 each and when the price went down to about $170 to $180 he sold it. What assurance can my friend get from there that he is not underpaid for his work?

Regardless of what country you go to it is difficult to identify if you are holding a fake money or not. Thus makes Bitcoin a lot more user-friendly at this instance. To think that you still need internet to get it? makes it more tougher and difficult for other 3 world country like us.

In many ways, yes, it is a lot better: reliability, cost of transaction, etc., etc., but it becomes totally useless when you have to make an off-line payment in a country or a place with no or limited internet access. You can't even buy a bottle of water or a hamburger. Think about it. You can have a lot of BTC in your digital and hard wallets striding along the street in a foreign town and if they don't have internet, you're broke for them! ;)
There must be some way out of it...

Yes, lack of offline payments is a drawback, of course, but the number of advantages is more impressive than that. I believe people will most certainly come up with something. Sooner or later ;)

Bitcoin is better than banknotes because bitcoin that has blockchain technology can record all transactions and still intact will not be lost or deleted. And bitcoin is more popular these days and bitcoin has easy ways to access and to transact, and since bitcoin itself are havingva faster transactions in terms of money exchange with a very low fees. And also, if we are just looking at this angle then we can tell that bitcoin is really better than banknotes but, if we look at accessibility such as the remote areas without electricity and internet access. On remote areas that had an shortage of sources in the third world countries then we can say that banknotes is better than bitcoin.

Bitcoin is better than bank notes because it is decentralized, which means that anybody can own it without the hassles of banks.

Bitcoin is bettet than bank notes because bank note has a fixed value but bitcoins value changes and bank notes need to carry but bitcoin doesn't.

For me I can't say for now that Bitcoin is better than Banknotes. Banknotes can have much value when it got old or replace by new sets of Banknotes depends on the appearance and longetivity used (as Artifacts). Print value of Banknotes will remain its value for years or decades but Bitcoin value will depends on markets and demand.

this is very good for bitcoin itself. I believe that if we increase still soon the transactions, bitcoin will completely supplant Fiat from our world

For banknote, we have to carry moneybag note coin and lots of this but on bitcoin, you can carry it on your phone wallet it is a hassle-free system.

For me, bitcoin and the rest of the crypto currency is better than banknotes because it can not be stolen from your home or pulled from your pocket.

Wonderful post , it is interesting to know that they are no issue of counterfeits with bitcoin and its associated cryptocurrencies. This is a proof of how authentic cryptos have proven. who said bitcoin is the altimate?

maybe because the physical form and form of bitcoin is a file that is very simple and easy to carry. also very fast and makes it easy to do all online transactions. another case with paper currency that has many terms and regulations in making online transactions so that it can take a lot of time and cost when making transactions

Bitcoin is better than paper money because Bitcoin has the advantages that paper money can not get. First, Bitcoin always makes users feel comfortable with its convenience and privacy. Second, keeping Bitcoin safe is better than storing money in a purse, a safe, or a bank. Third, with Bitcoin, you can travel, work all over the world without having to prepare cash for your work. Bitcoin is really convenient.

I think that bitcoin is better than banknotes because bitcoin is more convenient to pay and it is not possible to lose, plus you can carry enough quantities with you without fear of losing them!

Bitcoin really turn everything we know about obsolete paper money. It's unique, it's safe, and that's why I'm so attracted to this technology.

Maybe there's some truth to that.But bitcoin will not replace Fiat money.At least in the coming decades.No matter how good was not a crypto-currency,the bankers and the government will not pay attention to it.

Paper money is difficult to control and volatile. Bitcoin transparency is one factor that makes many people happy because you can look up every amount saved in the way your wallet is. Bitcoin is Cryptocurrency so it can use online payments quickly.

I like the idea of globality and the decentralization of the currency. This makes us independent of state manipulation and borders. Bitcoin is the currency of freedom.

I really like bitcoin for its unique innovative ideas. This is a technology that changes all the usual financial structure of the world to a more secure and convenient.

yes indeed it is. plus everything bitcoin is very convenient and quickly transmits any corner of the world that you can not say about Fiat

I think the technology, fast transactions, anonimity, security that bitcoin bring are the elements that make btc better but these do not make banknotes lesser financial note.

It was the pioneer at the blockchain technology, that's why it's so unique and important.

I think Bitcoin is very matching to the new generation world. It is very smart and very interesting. I believe Bitcoin is much better than banknotes because Bitcoin is very easy to use, Fast transactions, High profitable, great security features in the Bitcoin. I think these are the most important thing Bitcoin's have. I hoping, Soon day Bitcoin can become a valid payment method in the world. For me, Bitcoin is very very better than banknotes.

if I think the Bitcoin exchange rate is high and also faster and easier to deal with then bitcoin is a crypto currency with an increasingly sophisticated level of Hash the level of complexity of the cryptographic algorithm of public trust is also guaranteed to avoid risks such as counterfeiting.

Bitcoin is  better than banknotes i am aggre with this. There are so many reason that bitcoin is very good to bank not. Bitcoin is your on one can take bitcoin from force to you, No need to go any place to collect bitcoin. You can complete thousand of economical work at your home.

If we only look at this angle then we can say that bitcoin is really better than paper money but if we look at accessibility like remote areas without electricity and internet access in remote areas in third world countries then we can say that paper money is better than bitcoin. But both paper money and bitcoin have their own unique advantages and disadvantages.

In my opinion is, Bitcoin is very very better than banknotes. Bitcoin is a very very interesting digital currency. Billions of people are using BTC and they are using BTC for some transactions. Most people are very like using BTC transactions because It is very easy to use and it's fast and safe. By the way, it has great security features. Actually, BTC is very valuable than banknotes.

Banks, Visa, Mastercard, Discover, AMEX, etc have all their transactions registered in the databases. Good luck to get them deleted, so far I have never heard about transactions history lost from a bank.
Bitcoin doesn't have a faster transaction time compared to bank transfers which are instant and free of charge in 99% of the time.

The point I wanted to say in the OP was about what it costs to the society

Coz bitcoin is accepted worldwide already as a method of payment, the system has been acknowledged internationally as a reliable means of exchange.

It is better than bank notes bcos of it decentralized nature , it doesn't require intermediary to makes a transaction and it is not under the control of any government

Definitely I agreee with you. Counterfeiting Bitcoin at this stage is very limited or zeroed maybe when we get to paper note stage it might come in play by now, its more preferred to bank notes because it offers many solutions to the deficiencies of bank notes.

And what about exchange hacks? How many fiat exchanges have been hacked in however long they've existed?

My point is that there will always be fakers, counterfeiters, scammers, and cheaters of every kind. It doesn't matter if we're talking about dollars, bitcoin, gold, pashmina, or walrus tusks. People know how to find shortcuts, and they will always find them. Make something forbidden, and they'll do it even quicker.

Bitcoin definitely is more secure than fiat. It's not perfect, but it's a step up.

for me so bitcoin is better than phiatic money, bitcoin is convenient and versatile and safe

I don't know why this topic even exists I mean there is no arguing about Bank notes they clearly suck. The first thing is we have to carry them separately in a wallet or maybe in the pocket that can potentially damage it which can make it lose its value because no one is going to accept the damaged agreement. The second thing is the price is decreasing as hell and even if the government has taken extremely higher precautions that the money cannot be counterfeit but still it is possible to do it but with Bitcoin, it is impossible you cannot duplicate a single coin. Banknotes do not have a specific transaction record system because we use them in the physical world but Bitcoin, on the other hand, has the transaction system because they are inside the digital system.

Bitcoin is better than any other fiat currency. There are so many reasons behind this comment. First of all bitcoin is a decentralized currency. No one can manipulate its price. Bitcoin do not need to have any physical existence that means it does not need to have a machine to make a transaction. It needs just an account and a password. It has no boundary no extra hassle.

for me bitcoin is better than banknotes because it runs bitcoin even on the internet and the person is working to earn and find a company to work hard. Because of the money the bitcoin is better for me than the banknotes

There are many possibilities that banknotes are just really the notes and had no value because you can wrote anything on bank notes but when you get to the bank for an exchange there is none especially those people that are doing transaction and are just only scamming other people using bank notes. Bitcoin is indeed really better than bank notes because bitcoin after trading you can see already the worth of it in equivalent to fiat money.

Those listed are just up this because everybody know that digital money or even cryptocurrency is way more comfortable for people to use and exchange, it was predicted 100 years ago.

Banknote can be damage or rotten like rats can destroy it, water can melt it, people will easily steal it from your safety place but with Bitcoin you can keep them with private code and it will crack people head before they can crack you Bitcoin wallet password to take it.

I already follow information about bitcoin from last year until now. And I think Bitcoin have good technology but using in actual is difficult. Why like that?
Because:
1) Price of Bitcoin is unstable and changing daily. So that if transfer as banking then at this time it has price 6500$ but only 1 hours or 1 day It can increase to 8000$ or decrease to 6000$.
2) Bitcoin still not accept by banking --> Only buy and sell buy trader or some one

I think when Bitcoin have management and price stable then we can using it

Well! Bitcoin is a cryptocurrency which is far advantageous over the banknotes. The very first benefit of its being a universal currency which is acceptable as it is whereas banknotes are not. Secondly, it can be transfered anywhere in just one click whereas banknotes need a system which is connected to government and individuals face so many hassals. Thirdly, bitcoin can be easily and effectively managed at one’s own terms and conditions coz its urs and u are the boss whereas with banknotes u never know when the currency will get change and that can even happen over a night and at last u end up with bank notes which are no more than a piece of paper. Recently the note bandi happened in India is a great example. So bank notes are like keeping stress and worries along nowadays. However, cryptocurrencies proved to be a peace of mind.

yes, of course bitcoin will be better than bank records because bitcoin has technology that can record all transactions using bitcoin and use blockhchain technology, people can see all transactions and it's all open so that it makes better and better than banknotes.

Bitcoin is vertual currency. Bitcoin is better than banknote. because you can using it all worldwide. the government are not control it. so you can esaily exchange it. banknote is good when, the internet are not working. banknote and Bitcoin both have it own uniqueness , advantages and disadvantage. it's use depending on your knowledge about it.

Because it can not be tampered,so bitcoin better than the banknotes. :) :) :)

Yes, I think that BTC is better that banknotes in some aspects. For example we can make some operations with BTC on the Net without going out to buy/send something

As for me if you dont have a bitcoin subject  but most off all  kt can teach learnibg to make it good ang better.

not sure that its better because its not very safe but on the other hand u can make a good profit if u know how to run it in a good way

Bitcoin and banknotes have different benefits for everyone and almost everyone needs both, so for me they both have the same and best benefits for everyone.

bitcoin is better than bank notes because of  two things i feel its my opinion only, first point there is no transparency in bank notes  people can hold black money without any one knowing .second point avoid fake currency because in some countries people print  fake currency and bring into the distribution to do illegal activities . with bitcoin  we can bring transparency in money valuation , and second thing we can avoid fake currency notes  to avoid illegal activities.

Exactly! The fact that it's digital and it's not regulated by the banks,make it safer and free of all these bank frauds. Counterfeit production by the way is a fraudulent activity of course. That among other types of bank frauds are avoided by digital currencies.

Hello dudes, bitcoin is better than banknotes due to the fact that the speed of the transfer is many times faster than the banks and also it is the users who control the data.

obviously bitcoin is better than paper money. because in terms of transfer, bitcoin is faster. and bitcoin can't be fake right

why bitcoin is better than banknotes? i think bitcoin right now have the futuristic system named blockchain and we know that blockchain system is the secure platform and great platform than traditional platform that use the centralized database

because it's more convenient to use bitcoin with paper money. and money is easily damaged if exposed to water. and frequent robberies occur. if bitcoin is not likely to be robbed if you provide a personal code that is complicated and not easily hacked by hackers.

And when using banknotes and using bitcoin as a means of payment, there are pros and cons. In some situations bitcoin is more successful, and in some situations, banknotes are appropriate. The world is not yet absolutely ready for bitcoin as a means of payment.

That’s just one amazing feature of bitcoin. But the bottom line is, bitcoin is technically designed to be better at being a currency. The fact that it’s permissionless, immutable and uncensorable –makes it a better alternative to fiat.

There is no upper limit on the number of banknotes. The drawbacks of banknotes are:
1.It is easy for the government to dilute social wealth by issuing additional money to pursue short-term prosperity or achieve other political goals (inflation);
2.The banking system occupies a large amount of social manpower, material resources and financial resources, many of which are unnecessary;
3.The issuance of different sovereign currencies by different countries has caused great troubles for cross-border trade, and exchange rate fluctuations and speculation have also caused damage to the world economy.

Bitcoin has emerged to solve these problems.
1. Bitcoin guarantees that its distribution speed and future total amount, no government or institution can noy over issue as its total amount is 21 million;
2. Bitcoin transactions and balance ledgers can be downloaded by anyone, without the need for a large banking system to maintain their operations;
3. Bitcoin has no national boundaries and can flow freely between countries with almost zero cost.

Yes, thats one of bitcoins pros that a lot of people value

Being a digital currency bitcoin is secure, easy to trasfer anytime and anywhere, any amount of money can be transacted without any hassle of being stolen.
Bank notes on the other hand has logistics issues if the amount is huge, can be lost, have to keep it safe from fire, water, or any element that can destroy the bank note, hard to detect fake bank notes.
To avoid cheating & its matter of trust & it should be transparent  such kind of transaction more useful in Organizations. :) :) :) :)

Bitcoin is more versatile than banknotes and these days, given the development of technology, it will be more convenient to use.

You can't really compare these 2 since there are pros and cons for each of them. And the reason why the populace refuses to accept bitcoin or cryptocurrency is that it quite literally stands against the norms that the society has built upon us. Banknote gives us the sense of security that the money is IN OUR hands and not others. Bitcoin, on the other hand, leaves the people thinking "Does this money really belong to me?". So even though I advocate the use of bitcoin, I know that the world is not yet ready to accept it.

I think why bitcoin is better than banknotes is because bitcoin is more versatile and bitcoin has a futuristic system called blockchain. Being a bitcoin user it is secure, easy to transfer anywhere and anytime. And bitcoin can not be tampered thats why bitcoin is better than bitcoin.

I think bitcoin is still not good or good. Banknotes are still superior if I think. Bitcoin is still in the development stage and there are still many countries that have not received bitcoin.

Maybe because bitcoin is developing and good to use. And bitcoin also uses online systems that are not difficult transactions such as paper money.

Bitcoin has several advantages compared to ordinary fiat money, some of the advantages of bitcoin is security, bitcoin can function as a global currency, Bitcoin can be made a protector from invasion, and bitcoin can also be used as an investment tool. and again, Bitcoin can't be fake!

Well, bitcoin really has the advantage of the system and what it can offer the user, transfer money at a great distance and at a very low cost, eespecially it is an investment to bring more profit, that is enough to show the superiority of bitcoin with banknotes. However, things always have a balance and no perfection, bitcoin has the advantage, but banknotes are not inferior, it is still effective and useful in life, if by comparison, we still can not say anything better

better than paper banknotes this is definitely, but your theory is not correct, since the bulk of the bills are not in print but in electronic form, which excludes the emulation of fakes

Bitcoin has long enslaved the entire cryptocurrency market, so everyone trusts bitcoin as a good old coin,and I also think that the coin is worthy of being bought and often enough.

and you can earn as much as double of your investment.you can hit the right value when its time with the higher price.and you can have it anytime.

1. Decentralized
Bitcoin is a currency whose tenders are not regulated by any central bank. Thus, no one can cross the price. Although not officially reagulated, the creation of Bitcoin follows the 4-year standard to ensure that the supply does not exceed 21 million. Bitcoin will also not be affected by the impact of political issues like conventional currencies. Given that Bitcoin is circulating without any government regulation, the same thing certainly won't happen to Bitcoin.

2. No Transfer and Storage Fees
Bitcoin is not a corporation or business entity. Bitcoin users are not charged any fees, including when making transfers or just saving money. That's because, Bitcoin is an open source technology that can be enjoyed by everyone, no matter who and where they are. In contrast, conventional currencies are tightly regulated by financial institutions that often charge transfer fees to their clients.

3. Unlimited Transactions
Because Bitcoin doesn't have an intermediary, transactions can be done without any limit. Compare it to financial transactions that are usually facilitated by banks, credit card companies, or e-payment systems such as PayPal. There is always a minimum and maximum transaction limit applied by intermediary bodies like that. In addition to the amount, the transaction limit is also set for a certain period.

If I want to open a bank account with Bank of America, Paypal, Visa, etc. I can be turned down. I need permission to make use of most of the current financial system. You do not need anyone’s permission or approval to begin using BTC,so  a check can bounce. A credit card charge can be reversed. So you have to have 3rd party company make those decisions and you have to trust them to be fair. Once a Bitcoin transaction is carried out, it is unchangeable. So you do not need trusted 3rd parties to handle tractions .Bitcoin is better at being money, at being currency, than other currency - because it is technically designed to be better at being currency.

Bitcoin is better than fiat. Bitcoin gives a sense of financial freedom to it's users. Bitcoin -  Bitcoin Bank!  Bitcoin is better than paper money because it can not be tampered with.  :o

why is bitcoin better than paper money, because bitcoin is a money that is impossible if it is counterfeited and especially if stolen, it will be difficult ..

Bitcoin is better then bank note because of its digital nature. Because of this digital nature it can access any where any time and you can transfer if from one place to another easily and fast then that of banknote. Because of Bitcoin digital nature no one can make its duplicate but in case of banknote it can be duplicate because of its physical form. Bitcoin transactions are faster and uninterrupted then that of bank note transaction. Bitcoin is not globally accepted but bank note is easily accept.

Yes I agree on that bitcoin is really a hustle free. We can really access and get our funds anytime anywhere. I believe that bitcoin will become more amazing in the near future , it is the most usable coin and the most valuable coin in the crypto feild and I believe that in the near future many more people will believe and used it for good.

bitcoin is much safer to use and store, you can not be robbed on the street or stolen from your wallet. they do not spoil and besides having bitcoins in your wallet, you automatically become investors, because bitcoin grows in price!

Crypto is the best thing to transfer some amount of money to somebody. Some coins are decentralized and anonymous. You shouldn’t go to the bank, all what you need are crypto wallet and and some amount of it.  For example, Bitcoin is safer and it is very easy to use.

Bitcoin is better than bank note because its safer, more reliable, easy transaction, and less transaction issues...

Bitcoin and paper money has its advantages and disadvantages. In some case, bitcoin is good, in some banknotes. Many people do not know what digital money is and how to use it. But I think if they understood this, they would give an advantage to bitcoin.

It's true that bitcoin offers better security than fiat notes. Transactions are more secure, transparent although not faster but hopefully in the coming years, transactions will become more faster.

Hope that too, bitcoin like in past they fast in transaction. So, dream for to be payment can be realized. If that thing happen, bitcoin is perfect to be anything include payment and asset.

Compared to banknotes and that applies throughout the world we can shop using bitcoin in other countries and if we use paper money we have to exchange it in a country we visit but if we consider it from another perspective paper money is also better like in remote areas in rural areas and there is no electricity or internet then paper money is better than bitcoin so it would be better if we had both because currently both working for all around the world no one is better then other.

I think that it is because there is no third party with the bitcoin and we can use it freely and we can control the use of the bitcoin not like in the banknote. Banknote can be faked by other people not like in the bitcoin you cannot fake it. It can easily hack but if you have handled your bitcoin carefully then it will not be hack to you. If you know how to protect your bitcoin then the value of it will increased. Not like in the banknote if you just keep it in the bank the value will not increased.  

Both have advantages and disadvantages, but bitcoin is more reliable than the banknotes, so my opinion is bitcoin is better enough than banknotes !!!

Bitcoin is better than banknotes, because bitcoin is more versatile and bitcoin has a futuristic system called blockchain. Bitcoin transactions are very cheap and can be done everywhere as long as there is an internet network. Therefore banknote gives us the sense of security that the money is in our hands and not others.

There is no doubt that bitcoin is better than the paper notes in the sense that bitcoin is safe and it is independent of any external influence like the government especially its value and depreciation.because bitcoin has a pulling value for the demand. That's where the bitcoin benefits with paper money. I think the paper money will be replaced in the future.
and bitcoin will become digital money in the future later .

Bitcoin is better at being money, at being currency, than other currency - because it is technically designed to be better at being currency.

Bitcoin is simply and asset and not a currency.

Overall, Bitcoin is much attractive & useful than banknotes, no doubt on that issue! But, sometimes banknotes are much available than the Bitcoin (for example)  in the 3rd world where internet & electricity is not available. So, both of the paper money & Bitcoin have its own individuality, advantage-disadvantage.

For the first time bitcoin can not be falsified, the second time he has no borders, it is accepted by many countries that believe in the future of cryptography industry

indeed bitcoin is more in demand by the public because it has several advantages of paper money. when transacting using bitcoin we do not need to spend a lot of time and are not burdened with high fees all very practical and economical.

Bitcoin is better than bank note in so many diverse ways ranging from durability to accessibility. Bitcoin can use in remote regions of the world but there are still limitation for example in African and Asia continent more than 70% can operate computer or Android phone which Bitcoin make use of.

In my own opinion, for some, especially owners of big companies, bitcoin is better than banknotes because it gives them convenience and fast transactions.For some that are not into digital money,they prefer banknotes,something tangible.

Well, currency in digital form is, in principle, more convenient. You do not need to carry a purse ... but only a card. You should not always count money when calculating. The system will do everything for you. Consequently, I do not see any reasons why banknotes are anyhow more convenient. Is that only electronic money can not be found on the street ... yes, it's very sad, but I hope people survive it)