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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 2488 times)
LuckyYOU
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November 19, 2015, 10:49:39 PM
 #41

For sure the main reason for people to get into bitcoin will be the Low Transaction Fees, while others choose privacy. But that's not the best in my perception.

The best reason to use bitcoin is because you controll it. No bank who can devalue your currency, no bank who can run away with your money (Cyprus), just own it and nobody can touch it (if you protect it offcourse).

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CoinHeavy
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November 24, 2015, 09:37:14 AM
 #42

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.
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November 24, 2015, 10:42:07 AM
 #43

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
 #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.


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November 24, 2015, 11:43:38 AM
 #45

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
 #46

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
 #47

I just use it as an investment.
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November 25, 2015, 07:14:43 AM
 #48

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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