Why have Bitcoin instead of cash?

[Intersan]

I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

With the use of bitcoin you can get a discount when you use it for payment. Bitcoin is much better than in bitcoin better it is fast, you can use it for online gambling and online shopping so that it is not hassle to every one. Then with the use of bitcoin you can consume it not only in our country but also in international transaction. It is also have a security that you are only can access on you wallet.

[hankyulpark]

Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.

[Japinat]

Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.

This thread was created last 2015 and during that time altcoins are not that strong yet, it is just recently when we see major altcoins like ETH and DASH are getting a good value along with the increase of price of bitcoin. If you summarize it, when  alts are getting the success, bitcoins gets more of it also.

[dwieyani]

Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.

[danherbias07]

Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.

This thread was created last 2015 and during that time altcoins are not that strong yet, it is just recently when we see major altcoins like ETH and DASH are getting a good value along with the increase of price of bitcoin. If you summarize it, when  alts are getting the success, bitcoins gets more of it also.

Certainly do. Circulation is at its best when users try to buy altcoins they use bitcoin. Then what happens?
The trading websites are keeping it making more demands to the market. Remember, when a large amount of bitcoin is being held then the value of it just keeps rising.
What else? Shitcoins. Those who have bought it using bitcoins then will just vanish. Where are those coins now? The owner of that shitcoin have it and maybe they are also holding it.

[J Gambler]

Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.

We know that gold is not that good enough if you are going to invest in gold people are choosing the right choose which is bitcoin , if they had money they can turn it into bitcoin anytime even they will hold that for long they can still gain profit.

[deisik]

BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).

Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity

In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome

As the saying goes, one leg of mutton helps down another

While the features that Bitcoin already has are good, there is still plenty of room for further development and improvement. On the other hand, the only true yardstick of success is popularity, and in this regard Bitcoin still has a lot of unrealized potential (figuratively speaking). It is almost non-existent in real trading which involves exchange of goods and services, and the primary reason for this drawback is the lack of Bitcoin scalability while the fix is just around the corner. Without real scalability Bitcoin is set to remain only a marginal currency (if it could be called that at all)

[cybersofts]

I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

Bitcoin is better than paper currency in many ways because bitcoin increases value every time even though there's some little fluctuations based on the market while paper money stays the same all the time! Paper money might even depreciates when the inflation increases in price of commodities.

Bitcoin is far batter than the traditional money because it has no boundaries or any international laws regulating bitcoin unlike the traditional paper money which is acceptable only in your country and controlled by banks and government which is bad! Government and bank monitor your account activities and they got eyes on you, which you don't actually have a privacy over. 

[Hatuferu]

Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.

We know that gold is not that good enough if you are going to invest in gold people are choosing the right choose which is bitcoin , if they had money they can turn it into bitcoin anytime even they will hold that for long they can still gain profit.

Gold is good enough, in fact it is the most precious commodity AFAIK. Bitcoin is too risky and that is why people are
investing with it is because they want to grow their money fast, if you have a big amount of money and you do not want to take
risk, go with gold but if you are willing bitcoin is for you.

[bamboylee]

Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.

Right, but bitcoin is still the go to cryptocurrency right now, so the title may still remain. Even when the network is plagued with a very high confirmation time, the price still keeps pushing up. Maybe that is why it is good to have bitcoin right now, investment wise.

[Sled]

BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).

Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity

In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome.

We should be patient in facing that delay transactions or slow confirmation in the blockchain because it is part of the evolution of bitcoin, I mean the growth of bitcoin because there is a lot of people now are using bitcoin and they are more coming for bitcoin so the network is getting slower but soon there will be a solution for that because of the help of bitcoin developers.

That is not a big problem, you have to pay for bigger fees if you want a faster transaction, that is normal as the system is now congested due to bigger transaction daily. Overtime we will see an increase of transactions and that will make the miners rich and they are one of the most profitable business in this world.

Yes just add some fees to your current fees to have a faster transaction. The average to high fees in transaction is not that expensive because it is still below $1 (Based on my fees and experiences), paying higher fees than before is still okay because it only means that the bitcoin is growing and one of the effect of it is the growth also in fees.

[radjie]

Bitcoin instead of cash, because bitcoin digital currency is calculated by kriptograpi using the Internet network.
If your friend why you choose to use bitcoin payment for bitcoin can be exchanged for cash in the market and could see mendapata profit if the market price has risen.
Here's my point selection
2) Bitcoins are a potential investment, cash is not. Paper currencies just really go down in value, Bitcoins have a lot of potential to be worth more over time.

[yellow1]

Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.

[Rostadom]

Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.

But those advantages also comes with a drawback (disadvantage). Bitcoin relies on the Internet so the lack of Internet connection will make you unable to use your money. Another thing, you have to secure your private keys. If your computer is infected by a computer virus when you created your desktop wallet, then your coins are in the verge of getting stolen.

We still base the prices of products in fiat so the volatility of bitcoin can still be a disadvantage to you. When the price of bitcoin decrease, you're actually losing money. I know that 1BTC would still be 1BTC but that's not how we look at bitcoins. We look at bitcoins depending on its price, at least for now.

[Oralmat]

Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.

Yeah, if anyone have only internet access than nothing problem to use bitcoin in any where. I have praise of bitcoin too much and now still i am praising of bitcoin, Because i never see anything best to use like bitcoin especially for currency wise.

[NEWGOODOUBLE]

You can do more with bitcoin such as send it anywhere around the world almost instantly, you can easily make online purchases, and you can store the bitcoin safely. Another big benefit of bitcoin is that it should increase in value since there is a limited number of bitcoins that will be mined.

Yes true, with bitcoin we can do more things than cash, cash only we use to buy stuff that looks, whereas with bitcoin can we be trading, investing and speculation for get profit.

That's why more desirable digital form and the currency of the future. because digital currencies like bitcoin offers ease of transaction and convenience to save

[molsewid]

Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.

Bitcoin is easy to use but hard to earn or either to get them without working and spending too much time to it. Yes now our technology chance because bitcoin is implenting already as our payment method as we can use to easy way to pay our bills online less fee and less hassle. Bitcoin can't rid off to you while cash can. Im preferred to turn all my cash into coins.

[zeze18]

Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.

Bitcoin is easy to use but hard to earn or either to get them without working and spending too much time to it. Yes now our technology chance because bitcoin is implenting already as our payment method as we can use to easy way to pay our bills online less fee and less hassle. Bitcoin can't rid off to you while cash can. Im preferred to turn all my cash into coins.

I have same view as you and tend to choose bitcoin because it has some advantages over money cash, because with bitcoin we can do various transactions such as trading coins, mining and investment because it has good prospects for future.

[stompix]

I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

Bitcoin is better than paper currency in many ways because bitcoin increases value every time even though there's some little fluctuations based on the market while paper money stays the same all the time! Paper money might even depreciates when the inflation increases in price of commodities.

Bitcoin is far batter than the traditional money because it has no boundaries or any international laws regulating bitcoin unlike the traditional paper money which is acceptable only in your country and controlled by banks and government which is bad! Government and bank monitor your account activities and they got eyes on you, which you don't actually have a privacy over. 

Tell that to the guys that bought at Mt Gox peak.

And bitcoins has a lot of boundaries. I know only three locations in a two million people city that accept bitcoin payments.
3!!!  This is a damn limitation from my point of view.

And if the government would be that keen to track bitcoin activity they will do it easy. The blockchain is public.Can you afford to pay 3-4 transactions fees to mix your bitcoins every time you use them?


From my point of view bitcoin is a bit better than cash but going overboard with it is ignoring reality.

[Bionicgalaxy]

Bitcoin is easy to earn than cash but it's still better to hold a real money instead bitcoin because real money can accept as a payment but bitcoin cannot be accepted as a real money it can be only accepted in the internet not in the real world.