Why have Bitcoin instead of cash?

[mornabo]

3) Fast, worldwide transactions at your fingertips.

Yes, Bitcoin has provided a whole new era of digital transaction. Instead of ruining one's time in long queues, one can send/receive btc with minimal fes

yeah you can send money to any extent to any country quickly and very low fee. That advantage bitcoin than other money transfer methods such as bank that takes days or a large fee

[nethan1btc]

Bitcoin is having those advantages that cash money doesn't have like the transactions made online for the money transafers and billing payments, which I can compare to cash payment having very delayed transactions using mostly manual processing. Well those advantages made people to be more stronger to patronize btc as their mode of spending.

[morantis]

first there was direct trade of item to item, them came the use of trinkets and precious metals like gold(because it doesn't tarnish), then representative currency, which gave people the ability to care large amounts of "money" on them, and also gave others the ability to steal large sums of money quickly and easily....thus credit cards, debits cards and the like...skipping a few steps...then the government and banking corps wrapped those devices in regulations and governance...

crypto has all the benefits of credit/debit accounts...without the controls and games, plus anonymity in varying degrees

[upsidedown75]

Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.

From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.

You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash.

[NEWGOODOUBLE]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

[PokerFace3]

Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.

From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.

You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash.

Many people are concerned about the future of the money, so if they have it in their local currency and their country has an unstable economy situation then the currency will have a very low exchange rate compared to the dollar which is why saving their money in the form of bitcoin is much safer than having it cash and stored in banks.

[yuiyuga]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency

[Fireblade]

Using bitcoin in my opinion is mainly a political statement of disagreement to a financial status quo of the world. That alone is a sufficient reason to use bitcoin instead of a cash.

From an individual point of view it is more secure to keep the money on different wallets on the internet instead of cash under the pillow. Thats all depending on how much money you own. If its a low amount of physical cash, not in a bank then thats ok to keep it in home as a diversified form of capital.

You have a valid point and it can be proved from the recent news when Indian government banned their currency notes people got suffocated and the price of bitcoins was almost 1.5 times the normal price in India. This means that no matter what people feel much safer to keep their funds in Bitcoins rather than having cash.

Many people are concerned about the future of the money, so if they have it in their local currency and their country has an unstable economy situation then the currency will have a very low exchange rate compared to the dollar which is why saving their money in the form of bitcoin is much safer than having it cash and stored in banks.

as the world is not becoming global village and in global village the people will like to use a single currency, the physical trade is now becoming less popular as people are now giving preference to online business therefore bitcoin is of the best best option in all online currency and therefore people will be giving preference to bitcoin instead of cash.

[AlphaSun]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency

It will take some time for most countries in the world to be digital. For some places, there will not be digitisation.

[Leprikon]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

I'm not sure that everything will be completely digital. There are many countries where this system is poorly developed - there paper money is very popular. The world is not all ready for the transition to a digital currency

It will take some time for most countries in the world to be digital. For some places, there will not be digitisation.

If we are talking about the fact that bitcoin will replace all paper money around the world - then we should understand that this process will take several decades. Many countries do not even know about the existence of a cryptocurrency

[Hydrogen]

Why have bitcoin instead of cash?

Bitcoin isn't issued by a government that is $20 trillion dollars in debt.

Bitcoin isn't issued by a government that is printing money to over compensate for its wasteful and inefficient spending.

Bitcoin isn't unsustainable unlike social security, healthcare & many social & state run programs.

Bitcoin isn't regulated by corrupt government agencies.

[dothebeats]

First and foremost, fiat is already doomed since banks are doing their QE shit for quite awhile now just to hold things together and keep things afloat for the mean time. They started doing this way back 2008 since the financial crisis started. Idk how long would they keep on doing it but I know for a fact that that wouldn't hold for a long time and somehow, something's got to give lol. Bitcoin on the other hand is free from these type of scams and whatnot plus it has a potential to increase in value when everything else fails to do so.

[Yanisumin]

The technological development reshaped the world in a million of ways, hard cash has been around 12000 years ago and been the value of exchange till now. The combination of wireless transfer and binary digits makes the Bitcoin a unique value of exchange.
Why Bitcoin instead of cash?
Once I have a Bitcoin It is mine and mine alone. It's characteristic that gives you freedom makes the government in fear. The freedom that we seek is not felt in a very long time (Bitcoin might have a chance in this freedom ).

[cramcram21]

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.

Easy to use easy to earn can have some free bitcoin just have to search for some faucets,
And I can invest easily using bitcoin.

[Natalim]

First and foremost, fiat is already doomed since banks are doing their QE shit for quite awhile now just to hold things together and keep things afloat for the mean time. They started doing this way back 2008 since the financial crisis started. Idk how long would they keep on doing it but I know for a fact that that wouldn't hold for a long time and somehow, something's got to give lol. Bitcoin on the other hand is free from these type of scams and whatnot plus it has a potential to increase in value when everything else fails to do so.

They say bitcoin can be manipulated as there are whales who has the capacity to do that but we failed to see the reality in the fiat system, the government is more powerful than bitcoin and they have all the power to manipulate the people which they are doing already.

If you have seen news like corrupt officials, they are the people who are making this fiat system unfavorable for us, the value decreases due to inflation and that is because of them for failure to fun the economy in a progressive way. Bitcoin gives us the option to transfer our fiat and treat this as investment, we should not let the government take our freedom to do it, it's for our future and for the humanity.

[HarringtonStark]

Because cash is taxable and is centralized

[Xenophoto]

The technological development reshaped the world in a million of ways, hard cash has been around 12000 years ago and been the value of exchange till now. The combination of wireless transfer and binary digits makes the Bitcoin a unique value of exchange.
Why Bitcoin instead of cash?
Once I have a Bitcoin It is mine and mine alone. It's characteristic that gives you freedom makes the government in fear. The freedom that we seek is not felt in a very long time (Bitcoin might have a chance in this freedom ).

While that is true, anything in this world can still be stolen from you. Obviously you can make it harder for other people to steal your bitcoins but it can still be stolen somehow because it exists in real life. Nevertheless, you are an individual that holds bitcoin and you own it. But, you are still going to be affected by the whole thing. When the price of bitcoin goes down, you're still affected even when your bitcoins are all yours.

What I mean is that, if there's secretly a group of people holding the majority of bitcoins and they chose to destroy the whole bitcoin project, your ownership of bitcoin is irrelevant anymore since your bitcoins are going to be devastated as well.

[Teraboy]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

That's really wrong, no one can predict the future of bitcoin but the future is a blockchain to be the database of the future technology. Yeah but we are living on the real life.

[Mikellev]

Because cash is taxable and is centralized

Those are valid points and to add some more to that bitcoin can be transferred from one part of the world to another without much hassle which we have to go through while doing it through the money exchange services and they charge hefty which is not the same case with bitcoin and value of bitcoin increases and bitcoin transactions are secure if done in proper way.

[hurain]

I think it's obvious that bitcoin is a technology of the future.and cash is not money that is used to pay in the future. everything will be all-digital right ?

i think it is the need of the time, as now the trend of the people is changing they are now giving more preference to online currency therefor  they are giving importance to bitcoin as bitcoin is the number one currency of the world.