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Author Topic: Why is Bitcoin better that fiat?  (Read 7897 times)
Supercrypt
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October 19, 2015, 06:08:34 AM
 #101

bitcoins this, bitcoins that. blah blah blah!!! You all keep dreaming, not in our lifetime. The only ones that find it useful are scammers and a few exchangers who might scam anytime they like. I cant even buy cofee with it! the technology and idea behind it is cool and novel, but it will never become mainstream .

This makes as optimistic and we hope for the best to happen in the near future.
If you hear bitcoin here bitcoin there then you should know that you are in a bitcoin forum.
Where we mostly talk about bitcoin Smiley The new technology trend can change bitcoin value and popularity.

Bitcoin would be the future regardless of what ever happen in economical trends in coming years. Only better thing can survive regardless of how long which has been used. So, in the race of fiat and bitcoin, bitcoin would be the winner for use's most  affordable and ease of usage wise.
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October 20, 2015, 04:16:13 AM
 #102

Another very practical benefit for enterprises: If they use bitcoin, the capital flow will not go through banks, this can greatly protect their trade secrets. Nothing is more powerful than invisible

hispout
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October 20, 2015, 05:21:48 AM
 #103

Why is Bitcoin better that fiat?
My top 3 reasons:
  • Very low fees.
  • Very fast transactions.
  • Government cannot take it from you.

 Smiley

Yes valid points. For an internet user, bitcoin only can help whereas fiat in form of plastic may do the same work but with higher fees.
Inkvor
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October 20, 2015, 05:31:30 AM
 #104

Bitcoin would be the future regardless of what ever happen in economical trends in coming years. Only better thing can survive regardless of how long which has been used. So, in the race of fiat and bitcoin, bitcoin would be the winner for use's most  affordable and ease of usage wise.
what is this ? just a speculation from bitcoin interested guy ..?

this can greatly protect their trade secrets.
protect from whom ? from competing businesses ...YES
but you can never hide it from the governments and banks , i mean the system is not anonymous by its nature.

Nothing is more powerful than invisible
which is not achievable....? fantacy.
vero
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October 20, 2015, 06:26:16 AM
 #105

I think BTC is better than fiat, because you can send money instantly to anywhere in the world.

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October 20, 2015, 06:37:28 AM
 #106

Why is Bitcoin better that fiat?
My top 3 reasons:
  • Very low fees.
  • Very fast transactions.
  • Government cannot take it from you.

 Smiley

agree with you, i like the point 3 Goverment cannot take it from you, also No Tax transaction
if you use cash you must pay Tax and legal bussiness
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October 20, 2015, 06:39:30 AM
 #107

I will repeat for sure, but my major reasons are:

1. Fast transaction around the globe.
2. Low fee.
3. Transparency
bearex
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October 20, 2015, 06:53:23 AM
 #108

Your money is in your wallet, just like cash in your wallet (and not in your bank account).

But some of the bad things are unreliable price (as of this moment). One day you can afford something, 10 minutes later you might not. This could MAYBE get fixed by putting a stattic price for 1 Bitcoin, but i do not see this being possible.
Tookie Tower
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October 20, 2015, 07:35:31 AM
 #109

bitcoin is faster, bitcoin is "free money"
you can produce bitcoin.
Amph
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October 20, 2015, 07:55:06 AM
 #110

bitcoin is faster, bitcoin is "free money"
you can produce bitcoin.

the real difference is that you can produce a fixed amount, not indefinitely, and devaluing your money

maybe in the future there will be no printing anymore? if they see that bitcoin will emerge greatly, they will try something new

bitcoin will force in some way the government to stay competitive, and maybe adopting a new way for their fiat, a better fiat...
RKing
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October 20, 2015, 08:30:23 AM
Last edit: November 01, 2015, 08:04:37 AM by RKing
 #111

With bitcoin, when you transfer money, you do not have to use bank. You are your own bank. It is faster and more secure.
mezzomix
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October 20, 2015, 09:44:04 AM
 #112

With bitcoin we - the users - control the money and not a small group of people using artificial barriers (licenses) to prevent others from joining the club.
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October 20, 2015, 11:29:46 AM
 #113

IMO bitcoin is better because of the low transaction fess. (there are many more but i like this one best)

--signature space for rent; sent PM--
RKing
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October 20, 2015, 03:30:23 PM
Last edit: November 01, 2015, 08:02:57 AM by RKing
 #114

IMO bitcoin is better because of the low transaction fess. (there are many more but i like this one best)

When the block size does not increase, we have to pay higher fees to get confirmation fast. So we need bigger block size.
Supercrypt
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October 20, 2015, 03:41:45 PM
 #115

Even with many advantages, there are still many people who doubt bitcoin.
I just talked to an old people & told her bitcoin advantages, but she said few reason why bitcoin is bad, such as :
1. Government can't control it, it's very dangerous currency
2. Bitcoin will destroy current economic system & many people will suffer
3. Bitcoin can be used as money laundry
4. Criminal will use bitcoin because government cannot control or take over bitcoin
5. It's impossible to achieve decentralized economic system

I was surprised she said that & i tried to tell her that most of her reason was wrong, but she didn't listen to me
I think even bitcoin has many advantages, but if people still can't accept something new, different or looks risky without know it further, i think bitcoin adoptin will grow very slowly

Nice list on advantages of bitcoin in modern economical evolution. I wonder if bitcoin was not created what we would have been heading to. Bitcoin is the only opportunity to re-evaluate the world financial system to a next level.
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October 20, 2015, 04:54:15 PM
 #116

Because bitcoin means freedom.

I'm looking for the best way to keep my bitcoins growing.
RKing
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October 20, 2015, 07:49:43 PM
Last edit: November 01, 2015, 08:01:13 AM by RKing
 #117

You have more choices with bitcoin. You can be your own bank. You save bitcoin in your own pocket and send it as you wish.
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October 21, 2015, 01:02:03 AM
 #118

i see,may be just like MMM on some country.
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October 21, 2015, 06:19:49 PM
 #119

Low fees
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October 21, 2015, 06:22:01 PM
 #120

You can roll it up and use it to snort things!

O wait that isn't Bitcoin Tongue

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