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Question: As a consumer, what are the advantages of Bitcoin over fiat currencies ?
Near-Instant transactions
Scarcity
Investment Vehicle
Anonymity
Merchants Discounts
Low Transaction Fees
Decentralization
Constant Availability
Ease of access

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Author Topic: Why do you use Bitcoin? A report to determine it's competitive advantages.  (Read 2593 times)
CoinHeavy
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November 24, 2015, 09:37:14 AM
 #41

How is the research coming along?

I'm curious about your focus on 'dematerialization' -- there is a specific economic definition of the term
https://en.wikipedia.org/wiki/Dematerialization_(economics) (i.e. doing more with less)
as well as securities-related definition:
https://en.wikipedia.org/wiki/Dematerialization_(securities) (move from paper to in ledger bookkeeping)

Could you please tell us more about the nature of your research and what you hope to achieve?

Best of luck.
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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HarryKPeters
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November 24, 2015, 10:42:07 AM
 #42

For one the speed is really good offcourse, but let's face it.

Everybody likes cheap and the fees are therefore the reason i use it and keep using it.

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November 24, 2015, 11:41:42 AM
 #43

I think of bitcoin as a sort of currency. I buy things with it, and if the price goes up, I'm happy. Everything becomes cheaper for me. Bitcoin has a fraction-of-a-cent TX fee, as compared to western union's $5 TX fee, and its safe than PayPal, sure to its decentralization. And also less scams, as there is no bitcoin chargeback.
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November 24, 2015, 11:43:38 AM
 #44

I think of bitcoin as a sort of currency. I buy things with it, and if the price goes up, I'm happy. Everything becomes cheaper for me. Bitcoin has a fraction-of-a-cent TX fee, as compared to western union's $5 TX fee, and its safe than PayPal, sure to its decentralization. And also less scams, as there is no bitcoin chargeback.
about the less scams part. I think you can not really sure about that without a escrow service. Without it there will be a lot of scams as bitcoin is untracable and unrecoverable
erickimani
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November 25, 2015, 03:41:46 AM
 #45

currently I only use the Bitcoin as an investment vehicle but not to make the purchases.  but when I must, i sometimes use the bitcoin. another reason for using the bitcoin is its decentralized form, by that I can use it wherever I am, cause no government owns it and therefore no taxes. Also its high potential to take over the world is a great determinant,. i love being part of change
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November 25, 2015, 07:04:17 AM
 #46

I just use it as an investment.
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November 25, 2015, 07:14:43 AM
 #47

At the moment i am using bitcoin to hold, to stay safe in a place, but i used bitcoin mostly for digital stuff, but always wanted to order something real goods but that day i hope will come soon.
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