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Author Topic: Why have Bitcoin instead of cash?  (Read 246105 times)
maxj57634
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April 14, 2016, 06:40:43 AM
 #481

I have bitcoin because i normally send money to my family on a monthly basis and its cheap and fast to them money no matter how many amount you send and it has low fees.

this is one of the best benefits of using bitcoin. i have used it a couple of times too, comparing it to other methods of sending money oversees bitcoin is a lot better. now i can save up a lot of fees and they receive more this way because i pay less fees. and it is fast too.

Yes bitcoin can really compete with other money transfer service available now with its cheap fees and if all people know this method i think they will use bitcoin more.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 18, 2016, 09:53:56 AM
 #482

With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.
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April 18, 2016, 11:05:27 AM
 #483

With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.


Cash is only good if you are on the streets and want to buy something to eat or to wear but bitcoin is good for doing transaction online and is good to make money in trading.
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April 18, 2016, 12:37:27 PM
 #484

With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.


Cash is only good if you are on the streets and want to buy something to eat or to wear but bitcoin is good for doing transaction online and is good to make money in trading.

Yes because you are in online world doing transaction with cash is very hassle to people because they will travel tonfind money transfer so they can send the cash so the rransaction will be than more delay of time  while if your using bitcoin it is easy to transfer user friendly and less fee per transaction tou can easily transfer it and do a success trnsaction without a hassle.


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April 19, 2016, 01:22:12 PM
 #485

With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.

That is reality. Bitcoin can provide services like sending some money in other countries with just a minimal fee. In cash it cost really high. Like 5-10 percent of what you will send and that is itchy for some poor people who want to maximize the money that they want to send.
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April 19, 2016, 02:28:25 PM
 #486

I think there is a simple reason for this and that its much safer than cash without any doubts right ?
You cannot get robbed or something because you do not have something on you.
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April 19, 2016, 02:28:25 PM
 #487

Having bitcoins is far better than cash. You can't get restricted, you can pay worldwide, faster and sometims with great discounts and you're money is more and more valuable, at the inverse of cash where you constantly lose money.

Indeed, its way better because of all these facts, you can also net get robbed at all plus its also very fast compared with other currency's.
Plus another fact is that you cannot lose it because its safe in your wallet.
People is going to use Bitcoin because they think also that it is safer and you can also not be robbed anymore on the street so that is nice for yourself and safety.
The world is also getting more digital so you can now also buy more stuff online and that is nice for the Bitcoin itself.
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April 19, 2016, 06:46:38 PM
 #488

I'd be totally up for moving over to bitcoin 100%, unfortunatly the places I buy things just aren't accepting it yet. I do believe in the future it will be just as well recieved if not more so than cash (I'm thinking back 13 years ago to when i had my mobile and cash stolen from a hotel room in Egypt and thinking if it was in bitcion it wouldn't have been so much of an issue)..... granted the likelyhood of me loosing bitcoin from the mobile being taken (if we think about it happening now - not with a nokia brick) is still reasonably high but then I din't think I'd be keeping a ton of it on my phone anyway.
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April 19, 2016, 07:00:38 PM
 #489

I think there is a simple reason for this and that its much safer than cash without any doubts right ?
You cannot get robbed or something because you do not have something on you.

Even I will go with cash until bitcoins will accepts universally, till that I will use Fiat money only in my business transactions. I guess this is general all people. I know many of the people exchange the bitcoins into fiat and living with that as well...
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April 19, 2016, 07:59:50 PM
 #490

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.

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April 19, 2016, 10:28:30 PM
 #491

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

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April 19, 2016, 10:57:04 PM
 #492

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..


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April 20, 2016, 02:50:40 AM
 #493

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..


Yeah limitations if small it don't bother much, the money is always with us, no third party interrupt here, we can use it as a payment system whenever in need and can purchase online goods.

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April 21, 2016, 08:15:05 PM
 #494

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.
Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

I feel like the limitations just a small thing, but what limitation are we talking about?

For me, i think the limitation is based on recovering lost passphrase that was assigned to a key - which we all have human mistakes of losing..


One thing is its recovering and other things are requiring internet for using them and also in some cases speed of transferring them.

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April 21, 2016, 08:42:04 PM
 #495

Its better to have bitcoin on you than cash and this is because of all that robberies that are taking place these days with the bitcoin they can do nothing, because its digital.
Another nice fact is that you cannot lose it and that its always at you if you have something like a ipad or phone with you.
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April 22, 2016, 03:47:28 AM
 #496

I don't really see a big difference, bitcoin is a bit safty but in other cases it's really same. Cash have one advatage that it's can be accepted everywhere instantly.

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April 22, 2016, 06:26:04 AM
 #497

Its better to have bitcoin on you than cash and this is because of all that robberies that are taking place these days with the bitcoin they can do nothing, because its digital.
Another nice fact is that you cannot lose it and that its always at you if you have something like a ipad or phone with you.

But what if robbers are going to rob your private key?
Being digital doesnt mean it cannot be stealed.

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April 22, 2016, 06:26:49 AM
 #498

I don't really see a big difference, bitcoin is a bit safty but in other cases it's really same. Cash have one advatage that it's can be accepted everywhere instantly.
Others prefer bitcoin than cash because in some countries the tax is really high like up to 30% which could save up a lot if you go with bitcoin.

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April 22, 2016, 07:25:40 AM
 #499

Bitcoin will be the future money, and as you can see now you see also that Bitcoin is getting more popular and more used and that is quite nice for the currency itself.
The only thing that people should must know is that the value of Bitcoin is impossible to predict so you have to take some risk sometimes if you want to make profit with it.
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April 22, 2016, 07:42:47 AM
 #500

There isn't one to choose bitcoin or cash instead of bitcoin, bitcoin has many benefits using it online and the fees are much more cheaper than the cash (through the banks). The risk is higher because if private key is lost everything is lost.

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