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Author Topic: Why have Bitcoin instead of cash?  (Read 246114 times)
Posum578
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July 25, 2016, 01:13:03 PM
 #861

After read above most people choosing bitcoin instead cash
I dont know why, but in real life i prefer use cash
I cant buy any kind of goods or foods in my country using bitcoin, still better using cash in here. Dont know about another country, but i think according to the reply i read, maybe there are already offline store that accept bitcoin in their country
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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July 25, 2016, 01:15:54 PM
 #862

I have internet for years, and only recently I earned bsome money for the first time. Tnx to bitcoins I have income every month, I can gamble with that money easily, I can buy something, or invest that coins in some service.
For me bitcoin is like cash, it opened a new world and possibilities for me and cause of that I would like to have more bitcoins then some other fiat.
For now people in modern countries have more places where to spend coins, but soon that will spread to whole world.



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July 25, 2016, 01:19:35 PM
 #863

Believe me bitcoin is better than cash in the mean time because the value of cash in hand is steady not like bitcoin which has increasing value over time

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July 25, 2016, 01:41:11 PM
 #864

Believe me bitcoin is better than cash in the mean time because the value of cash in hand is steady not like bitcoin which has increasing value over time
yeah bitcoin is just unique and better then cash no doubt for that and its volatile price, liquidity, independency and anonymity level makes it more better to attract more user to it so they can say bitcoin is better then cash Wink
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July 25, 2016, 02:13:45 PM
 #865

Believe me bitcoin is better than cash in the mean time because the value of cash in hand is steady not like bitcoin which has increasing value over time
yeah bitcoin is just unique and better then cash no doubt for that and its volatile price, liquidity, independency and anonymity level makes it more better to attract more user to it so they can say bitcoin is better then cash Wink
Bitcoins has really provide a unique features because it is an asset that can be considered as investment as well, buy holding your bitcoins you don't need a bank anymore to safe keep your coins as there is the wallet that is well secured in the blockchain and anytime you need to cash out you can make it easily and cash out in participating banks.

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July 25, 2016, 02:37:12 PM
 #866

Bitcoin allows you to purchase anything without any delay, and its more safety being at your hands, has we dont know the current situation of the banks, had you thinked if happens to you what happened in Greece? Those make me believe bitcoin is getting more advantages and i will keep always in control.
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July 25, 2016, 05:38:54 PM
 #867

Bitcoin allows you to purchase anything without any delay

This is not correct at all because you cant purchase anything with bitcoin or should I say that you can only purchase "anything" only if people decided to accept bitcoin otherwise you will need someone to swap their cash for your bitcoin and purchase it with fiat , thats of course got some delay in it
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July 25, 2016, 06:06:20 PM
 #868

Bitcoin allows you to purchase anything without any delay

This is not correct at all because you cant purchase anything with bitcoin or should I say that you can only purchase "anything" only if people decided to accept bitcoin otherwise you will need someone to swap their cash for your bitcoin and purchase it with fiat , thats of course got some delay in it
Well i think they bitcoin will be still considered as money because we can still use bitcoin to buy anything but you should exchange or convert it first before you can buy,.. and yea your right that bitcoin is not instant its still experiencing of delayed

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July 25, 2016, 09:35:40 PM
 #869

Bitcoin allows you to purchase anything without any delay

This is not correct at all because you cant purchase anything with bitcoin or should I say that you can only purchase "anything" only if people decided to accept bitcoin otherwise you will need someone to swap their cash for your bitcoin and purchase it with fiat , thats of course got some delay in it
Well i think they bitcoin will be still considered as money because we can still use bitcoin to buy anything but you should exchange or convert it first before you can buy,.. and yea your right that bitcoin is not instant its still experiencing of delayed

We don't have to consider bitcoin as real money because it already is real money.
The reason why you have bitcoin can be diverse.
I for one like buying stuff online and with bitcoin i can. What I also dislike is that cash is quite dirty, bitcoin in that perspective is clean.


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July 26, 2016, 01:07:24 PM
 #870

Bitcoin allows you to purchase anything without any delay

This is not correct at all because you cant purchase anything with bitcoin or should I say that you can only purchase "anything" only if people decided to accept bitcoin otherwise you will need someone to swap their cash for your bitcoin and purchase it with fiat , thats of course got some delay in it
Well i think they bitcoin will be still considered as money because we can still use bitcoin to buy anything but you should exchange or convert it first before you can buy,.. and yea your right that bitcoin is not instant its still experiencing of delayed

We don't have to consider bitcoin as real money because it already is real money.
The reason why you have bitcoin can be diverse.
I for one like buying stuff online and with bitcoin i can. What I also dislike is that cash is quite dirty, bitcoin in that perspective is clean.

I use the bitcoin as an investment for the long term holding. I also use some bitcoin to help mass adoption.

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July 26, 2016, 04:53:14 PM
 #871

There are many things you can do with bitcoins that you can't do with cash.
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July 26, 2016, 05:03:30 PM
 #872

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.

Good points, fast and secure transactions are essential factors to move the economy. Smiley
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July 27, 2016, 02:49:25 AM
 #873

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.

Good points, fast and secure transactions are essential factors to move the economy. Smiley
It is not only that fast because using bitcoin will give us the benefits to save on the charges like other payment system have impose.

I believe the more people will use bitcoin would be helpful for the community as a whole and for the world as it could generate a great amount of savings that could be use in the improvement of our society and the life of the users as well.

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July 27, 2016, 03:08:09 AM
 #874

I Use Bitcoin Instead Of Cash:-
1) Because the transactions are fast and Hassle Free and No Paperwork is Required For Making Transactions...
2) No Bank or Organization Controls It.
3) At Last No One Can Steal it From You Without Opening You Wallet....
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July 27, 2016, 04:56:34 AM
 #875

After read above most people choosing bitcoin instead cash
I dont know why, but in real life i prefer use cash
I cant buy any kind of goods or foods in my country using bitcoin, still better using cash in here. Dont know about another country, but i think according to the reply i read, maybe there are already offline store that accept bitcoin in their country

Same here, I still cannot spend bitcoins everywhere or buy everything. I can only use it online to purchase some items. But if I want to use it to buy my groceries, I cannot. So I still have to exchange it to fiat first. But I will still choose bitcoin over fiat, and wait when the time comes that I can spend bitcoin as easily as buying candy.
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July 27, 2016, 04:51:46 PM
 #876

if we talk about the future so in future it will be more easy to use bitcoin instead of cash. it will be  more secure as compare to other cash. bitcoin will be use as single currency and having same value in all parts of the world so we will not feel the need to convert it in so some other currency. it will be easily access any where as compare to cash. it will no need for banks to keep it.
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July 27, 2016, 07:42:10 PM
 #877

I Use Bitcoin Instead Of Cash:-
1) Because the transactions are fast and Hassle Free and No Paperwork is Required For Making Transactions...
2) No Bank or Organization Controls It.
3) At Last No One Can Steal it From You Without Opening You Wallet....

1) No doubts and agree.

2) If you are using web wallets, exclude this as one of the reason.

3) Same in no.2. If you are storing your coins in a trading site or web wallets, chances of fraud is possible even you don't open your wallet.

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Ziskinberg
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July 28, 2016, 12:22:23 PM
 #878

I Use Bitcoin Instead Of Cash:-
1) Because the transactions are fast and Hassle Free and No Paperwork is Required For Making Transactions...
2) No Bank or Organization Controls It.
3) At Last No One Can Steal it From You Without Opening You Wallet....

1) No doubts and agree.

2) If you are using web wallets, exclude this as one of the reason.

3) Same in no.2. If you are storing your coins in a trading site or web wallets, chances of fraud is possible even you don't open your wallet.
Using cash is also fast and faster than bitcoin, and to justify that would only base on how your transaction would take place. For me, the only big difference is bitcoin is anonymous while cash is not. In addition, cash will inflate in the long run but bitcoin will appreciate its value in the long run and it was seen as investment by many.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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Doamader
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July 28, 2016, 12:27:41 PM
 #879

I Use Bitcoin Instead Of Cash:-
1) Because the transactions are fast and Hassle Free and No Paperwork is Required For Making Transactions...
2) No Bank or Organization Controls It.
3) At Last No One Can Steal it From You Without Opening You Wallet....

1) No doubts and agree.

2) If you are using web wallets, exclude this as one of the reason.

3) Same in no.2. If you are storing your coins in a trading site or web wallets, chances of fraud is possible even you don't open your wallet.
Using cash is also fast and faster than bitcoin, and to justify that would only base on how your transaction would take place. For me, the only big difference is bitcoin is anonymous while cash is not. In addition, cash will inflate in the long run but bitcoin will appreciate its value in the long run and it was seen as investment by many.

Something you had missed atleast for me at bitcoins you have plenty control of it, with fiat, bein a good ammount usually the money is at bank, soo you arent in control, thats another and a huge difference for me. Bitcoin has huge potencial fiat is limited by countries and banks companies, controling the value always.
prashant bhoj
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July 28, 2016, 01:13:01 PM
 #880

Both are safe and secure but cash can be stealed in physical practice while btc cant.i am not talking about hackers as they are already so knowledgeable.
Still hate paper wallet. Grin
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