Why have Bitcoin instead of cash?

[ladydark]

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 bitcoins,you could escape from taxes since governments has not started to trace bitcoin transactions.Low transaction fees compared to other payment options.

[ckorbba]

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 bitcoins,you could escape from taxes since governments has not started to trace bitcoin transactions.Low transaction fees compared to other payment options.

Why will Bitcoin use or use instead of cash? This is a very interesting question and the answer to it will be even easier, because Bitcoin is used instead of cash, only Bitcoin users, and the amount of this society is very small. Therefore, it is very difficult to call mass use of Bitcoin instead of real money. But I do not think that the situation will change in the near future in the opposite direction. Bitcoin is a commodity and thanks to it I make money. Bitcoin is an investment and use it instead of money, is wasting.

[gabmen]

Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.

It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand.

Well if you really want to learn about it i think btc is very easy to understand and use. Though at the moment, i don't think it can be considered yet as a substitute to cash as people would prefer investing in btcs rather than spending it.

[virasog]

Why have Bitcoin instead of cash?  In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that.  A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data.  On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.

[Xester]

Why have Bitcoin instead of cash?  In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that.  A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data.  On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.

That is what happening right now, the banks recorded all of our transactions maybe because for reference in case we need it.  I do no think any bad thing about the government losting all our transactions.  After all of that, we go to the bank whenever there are unsual transactions happened to our accounts.  We could still trust banks and the government but I still prefer bitcoin than cash. 

[Blamsud]

Why have Bitcoin instead of cash?  In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that.  A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data.  On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.

That is what happening right now, the banks recorded all of our transactions maybe because for reference in case we need it.  I do no think any bad thing about the government losting all our transactions.  After all of that, we go to the bank whenever there are unsual transactions happened to our accounts.  We could still trust banks and the government but I still prefer bitcoin than cash. 

bitcoin too since I know that by just having it for long it will sure increase.

[stompix]

It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.

Yeah and it does also have the possibility to go down, does it?
You treat bitcoin as an investment then compare it to investments.
Bitcoin wasn't supposed to be something we all hodl and wait to get rich.

It's main purpose was fast transfers of sums without involving a third party.
And sadly I see this fading away

[Isaacck1]

It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.

Yes, cash can not make you profit unless you exchange it with another currency and wait for its high/low value. Having bitcoin in your wallet it is can make you profit. Not because it is digital it means that it is not secured, bitcoin is secured because you know you have your cash even though you can't touch it.

[gccaalim]

I hope this thread will help me understand more about the advantage of bit coin and how will I gain advantage of it. I really need additional income and some of my friends told me to try this bit coin forum. Godbless and looking forward for this kind of forum help me and the other newbies.

[kurniawaN]

During political uncertainty and instability, it is simply better and saver keeping bitcoin.
Just like keeping gold, safe bet for your investment during dark times

[Himanshu111]

Cash in your pocket can't show any growth and inflation will also decrease the value of your money but on the other hand Bitcoin will show massive growth rates and its safe from all kinds of theft.

[oegarod]

During political uncertainty and instability, it is simply better and saver keeping bitcoin.
Just like keeping gold, safe bet for your investment during dark times

That's true, each and every country have flaws in their government. We cannot have a safety in our assets. So if bitcoin is with us, we can easily get rid of several issues similar to taxation and other high volume money holding issues which were quite a common problem.

[deisik]

It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.

Yeah and it does also have the possibility to go down, does it?
You treat bitcoin as an investment then compare it to investments.
Bitcoin wasn't supposed to be something we all hodl and wait to get rich.

It's main purpose was fast transfers of sums without involving a third party.
And sadly I see this fading away

No one cares about what you see and what you don't see

It should have been clear right from the start that a deflationary currency like Bitcoin (with its capped supply) cannot be very effective specifically as a currency, i.e. as a value transfer vehicle simply because with more expansion it will get more and more value of its own (other than transactional utility), thereby turning into an asset in its own right. Add to this Bitcoin's insane volatility, and Bitcoin instantly becomes a speculative blockbuster

[jak3]

I believe the most effective method bitcoin offered developers is the easy access. before bitcoin only some high popular sites has api's and some developers who actually knows how to use them. but now we have concept on it and after bitcoin came into the market people learnt lot of new stuffs including market issues.

[TIDOVEE]

sincerely its security is what I always appreciate, as it cannot just be discovered by robbers and thieves around.
even if your device is stolen your bit coin remains intact as long as your passwords remain unveiled.

[arpon11]

My bitcoin is appreciating in values every days and I have control over it. My bank account depreciate because of bank charges and interest. Last month some amount was deducted from my account balance by my banker without my approval. Bitcoin is far more safer compared to bank.

[Omega Weapon]

I think the are several things that bitcoin can do better than cash, one of the best in my opinion is that bitcoin protects you from the devaluation from your local currency, while that does not seem like it is very important if you live in a stable country, there are many countries where you need to think very carefully about where you save your money so you protect your purchase power.

[kpcian]

From my point of view is that, security measure is the main feature if you want to choose Bitcoin instead of cash, not only that but also you can be more protected in using this platform rather than using conventional form of money..cash is too risky to carry out or save buy Bitcoin is a totally different from the Cash...

[Cherylstar86]

I should have bitcoins instead of cash because it's cashless type of spending money online. Unlike fiat cash money used for credit cards, the owner of the account is liable to do manual payments of his/her account for the credited banks. In bitcoin you have your money at your comfort zone and your actual balance to pay in an exact amount is your payment credited to the blockchain network address used to send your bitcoin payment. There's no need for a manual payment system to pay and just a purely digital way of transaction online using pc or mobile connection via internet network.

[zulkarnaen]

Maybe for me prefer bitcoin rather than cash, because with bitcoin I can do activities that will be profitable for me. In addition to having a function As a means of payment of bitcoin transactions can also be a valuable asset and can do some form of business such as trade and investment.