Why have Bitcoin instead of cash?

[Positid]

i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks

Personally, I don't like the public seeing the complete balance on my wallet. Also, the feature of knowing where coins go and who receives them totally gives off who you really are. These can result in giving away your identity especially when cashing out bitcoins.

Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that.

Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth.

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[shyich03]

Ome up side for cash, tho, is that transactions are confirmed instantly, which is crucial for certain cases, like supermarkets, gas stations, and such. We might be able to replace those types of services in the future and by then btc outwins cash 100%

[Potato Chips]

There are many things about bitcoin that makes it better than cash like it is decentralized so you have a full control over your coins, it is anonymous, has low fees and its volatile price that makes it a good long term investment.  But it is not wise to have your money in bitcoins only.  Your money should have a paper money and some bitcoins cause merchants who accepts bitcoin is limited, Supporting your daily needs with bitcoin will be hard.

[Qartersa]

i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks

Personally, I don't like the public seeing the complete balance on my wallet. Also, the feature of knowing where coins go and who receives them totally gives off who you really are. These can result in giving away your identity especially when cashing out bitcoins.

Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that.

Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth.

Right! Banks do have a great problem with privacy. Since, everything can be accessed by people. Unlike in Bitcoin, you limit people's access to your privacy by how you use it and how careful you are. However, bitcoin still has flaws regarding security. If people want to know your identity they can trace your transactions and would results knowing where you cash it out hence knowing who you are.

[Zadicar]

i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks

Personally, I don't like the public seeing the complete balance on my wallet. Also, the feature of knowing where coins go and who receives them totally gives off who you really are. These can result in giving away your identity especially when cashing out bitcoins.

Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that.

Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth.

Right! Banks do have a great problem with privacy. Since, everything can be accessed by people. Unlike in Bitcoin, you limit people's access to your privacy by how you use it and how careful you are. However, bitcoin still has flaws regarding security. If people want to know your identity they can trace your transactions and would results knowing where you cash it out hence knowing who you are.

Tracking  only  a single  address would really  take some time  and  what  if  that user  used   mixing service? For sure   you cant   trace  him down  whatever  you would  do. Thats the  beauty  of  bitcoin for some  people   because  they really  like to hide their  identities.  I do agree  with you,  on  fiat  our  money  is  on the  banks which they  would  surely knew our identity especially when  we do  hold  huge amounts.

[clickerz]

Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally.
Another fact is that you can make profit with just holding it too!

It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it.

Yes, both of them : bitcoin and cash. Both has a specific uses and advantages. Bitcoin is usually used on online transaction, by any merchant who accepts it.Since it is a currency online, it has a broad uses and reach.

[tee-rex]

Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that.

Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth.

Right! Banks do have a great problem with privacy. Since, everything can be accessed by people. Unlike in Bitcoin, you limit people's access to your privacy by how you use it and how careful you are. However, bitcoin still has flaws regarding security. If people want to know your identity they can trace your transactions and would results knowing where you cash it out hence knowing who you are.

So which service is more safe in this regard? Methinks, rank-and-file people don't have any opportunity whatever to trace fiat transactions made by the bank, while all Bitcoin transactions are traceable for the simple reason they are all in one ledger, the blockchain, readily available for anyone. On the flipside, though, bank transactions are totally transparent to authorities and whoever works for them.

Bitcoin is a great equalizer in this respect.

[Mark02]

Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that.

Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth.

Right! Banks do have a great problem with privacy. Since, everything can be accessed by people. Unlike in Bitcoin, you limit people's access to your privacy by how you use it and how careful you are. However, bitcoin still has flaws regarding security. If people want to know your identity they can trace your transactions and would results knowing where you cash it out hence knowing who you are.

So which service is more safe in this regard? Methinks, rank-and-file people don't have any opportunity whatever to trace fiat transactions made by the bank, while all Bitcoin transactions are traceable for the simple reason they are all in one ledger, the blockchain, readily available for anyone. On the flipside, though, bank transactions are totally transparent to authorities and whoever works for them.

Bitcoin is a great equalizer in this respect.

Good Point. And if Security is being discussed. I'd rather walk with bitcoins in my phone rather than a cash in my pocket. Because even if someone tries to steal from you, they can't find anything because it is in the cloud. And , it is more convenient to use bitcoin because can pay our bills in just one click. Without the effort and time excerted. Plus, it gives us an opportunity to change its values to different currency in an instant making it more convenient for us to use.

[betohell]

There are many things about bitcoin that makes it better than cash like it is decentralized so you have a full control over your coins, it is anonymous, has low fees and its volatile price that makes it a good long term investment.  But it is not wise to have your money in bitcoins only.  Your money should have a paper money and some bitcoins cause merchants who accepts bitcoin is limited, Supporting your daily needs with bitcoin will be hard.

yeah not always a bad digital, digital actually better than paper money or cash, bitcoin created as a digital because this will support the currency in the future

[michkima]

Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.

[goldcoinminer]

Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.

I don't think it will, though the world are moving fast but majority of the people still cannot adopt with it. We need paper money in our life or cash as the OP states, without it our life would be miserable as bitcoin can be manipulated and the value of our holdings will change from time to time.

[btcdevil]

Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.

I don't think it will, though the world are moving fast but majority of the people still cannot adopt with it. We need paper money in our life or cash as the OP states, without it our life would be miserable as bitcoin can be manipulated and the value of our holdings will change from time to time.

It is true that Paper money will be their, why even so many are taking bitcoin in paper for more security purpose. About the bitcoin manipulation why even fiat currency are manipulated as per their government and economy situation

[michkima]

Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.

I don't think it will, though the world are moving fast but majority of the people still cannot adopt with it. We need paper money in our life or cash as the OP states, without it our life would be miserable as bitcoin can be manipulated and the value of our holdings will change from time to time.

It is true that Paper money will be their, why even so many are taking bitcoin in paper for more security purpose. About the bitcoin manipulation why even fiat currency are manipulated as per their government and economy situation

                                                                                                 
I guess paper security for Bitcoins is different from paper money. But I agree with your point about manipulation however not in the negative sense. Government do implement measures that would control the value of fiat currency. This way they can control the inflation of things. Governments try to prevent hyper inflation which would lead to exponential growth in the amount of money but not the value of it. Similar to those in countries like vietnam. In Vietnam, their money is in the millions and billions but it's just worth so little when converted into USD. That is a bad example of governments failing to control/manipulate their fiat currency.

[dothebeats]

In some useful cases, having bitcoin benefits yourself from geophysical boundaries and you will be able to bypass certain regional restrictions on purchasing something you really want online. Also aside from that, you do have the freedom to control your money and keep it from whoever who wants to take control of it (banks, governments and whatnot) plus the security features of it is unique compared to what the banks has because every transaction made using your address would be broadcasted online and will be viewed by millions of user and it will remain there as a reference that you indeed made a transaction in the network on that certain date and time.

[Dudeperfect]

I have a very live example which is the concrete reason to have bitcoins instead of cash. I believe that the opinion that we must pay tax and then purchase bitcoins with rest of the amount as per requirement. I strongly oppose tax evasion with the help of bitcoin.

Live example to have bitcoins instead of cash (still, it is not possible because bitcoin is not yet popular) :

Hello There,

India bans top currency notes such as Rs.500/- and Rs.1,000/- to prevent black money. Now there are only three notes in circulation Rs.10, Rs.20 and Rs.50

http://www.thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece

Google for more news links.

Yes, There are some preventive measures taken to deal with the situation but still it is one of the masterstroke by India prime minister Narendra Modi against black money.

How do you see this action and what kind of impact this will create on the bitcoin in India?

Best
Dudeperfect

[Rosberger]

Bitcoin is much safer in my eyes and its also usable all over the world globally, you do not have to transfer it and if you want to transfer it to family it can be done in seconds.

[stadus]

Bitcoin is much safer in my eyes and its also usable all over the world globally, you do not have to transfer it and if you want to transfer it to family it can be done in seconds.

I couldn't agree with you more, bitcoin is an investment or currency as you wish to call it but it was never safe as cash. Bitcoin is unregulated and at any moment the government can decide to ban it and our effort will be gone. Use cash for good as you will need it in your daily lives, bitcoin on the other hand is just good for investment as of the moment.

[Vaskiy]

Bitcoin is much safer in my eyes and its also usable all over the world globally, you do not have to transfer it and if you want to transfer it to family it can be done in seconds.

I couldn't agree with you more, bitcoin is an investment or currency as you wish to call it but it was never safe as cash. Bitcoin is unregulated and at any moment the government can decide to ban it and our effort will be gone. Use cash for good as you will need it in your daily lives, bitcoin on the other hand is just good for investment as of the moment.

Most users consider it a advancement in the transaction and a growing investment. Important thing is that every country is moving towards a cashless system avoiding currency usage. This system gives a better data regarding the transaction which helps government in taxation. As a part bitcoin as a digital currency too gets important when most country's creates a cashless system.

[arseaboy]

Bitcoin is much safer in my eyes and its also usable all over the world globally, you do not have to transfer it and if you want to transfer it to family it can be done in seconds.

I couldn't agree with you more, bitcoin is an investment or currency as you wish to call it but it was never safe as cash. Bitcoin is unregulated and at any moment the government can decide to ban it and our effort will be gone. Use cash for good as you will need it in your daily lives, bitcoin on the other hand is just good for investment as of the moment.

Most users consider it a advancement in the transaction and a growing investment. Important thing is that every country is moving towards a cashless system avoiding currency usage. This system gives a better data regarding the transaction which helps government in taxation. As a part bitcoin as a digital currency too gets important when most country's creates a cashless system.

It's a total renovation for everyone and makes us fell really safer when it comes transacting online. So thst's why more and more people are getting more interested investing and using bitcoin.

[Positid]

Bitcoin is much safer in my eyes and its also usable all over the world globally, you do not have to transfer it and if you want to transfer it to family it can be done in seconds.

I couldn't agree with you more, bitcoin is an investment or currency as you wish to call it but it was never safe as cash. Bitcoin is unregulated and at any moment the government can decide to ban it and our effort will be gone. Use cash for good as you will need it in your daily lives, bitcoin on the other hand is just good for investment as of the moment.

Most users consider it a advancement in the transaction and a growing investment. Important thing is that every country is moving towards a cashless system avoiding currency usage. This system gives a better data regarding the transaction which helps government in taxation. As a part bitcoin as a digital currency too gets important when most country's creates a cashless system.

It's a total renovation for everyone and makes us fell really safer when it comes transacting online. So thst's why more and more people are getting more interested investing and using bitcoin.

The advantage we can get with bitcoin really is the less transaction fee and being anonymous online, we need that if we are making shady transactions only and even if legitimate transaction we will be able to avoid taxes in general. Cash is only for our daily needs but bitcoin is for our investment and entertainment.