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2legit2
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October 26, 2015, 04:54:49 PM |
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because it is anonymous and decentralised currency that people want to use
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prodigy8
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October 26, 2015, 11:20:30 PM |
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To me it is "near to zero" transaction fees. Also it is decentralized so hard to control and manipulate by big institutions.
Goverment for example. They cannot really regulate btc or tax.
I would say that it is not too hard for big companies to control. Also they can easily manipulate the bitcoin price. If you have heard about pumps and dumps this is because of these big companies. |
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Hellacopter
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October 27, 2015, 12:02:50 AM |
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because it is anonymous and decentralised currency that people want to use
The anonymity and decentralizing are the best and more attractive characteristics of the Bitcoin in my opinion too. we need this financial system for many reasons and i think it's also safest than fiat in this way |
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coinbitte
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October 27, 2015, 04:04:32 AM |
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Because its name is Bitcoin.  |
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Supercrypt
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October 27, 2015, 06:11:41 PM |
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the world is clearly moving into a more electronic era. Bitcoin is a superior electronic currency...
We need to agree the entire world marching towards age of electronics. So, bitcoin will be acceptable by people as it's in electronic format and definitely better than fiat currencies. In the world of electronics, bitcoin will be the universal medium of exchange for sure. Yes we are moving towards electronic era. Bitcoin would be the money for that electronic world. Still bitcoin needs to evolve more to make itself as a world wide country with many acceptance and infrastructures. Soon we will experience that too. |
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pereira4
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October 27, 2015, 06:53:31 PM |
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the world is clearly moving into a more electronic era. Bitcoin is a superior electronic currency...
bitcoin need to embrace phisical shop too, if it want to expand it faster around the globe relying only on online shop can cut a big portion of adoption, prematurely This, but more than shops, I think services, like restaurants, bars and whatnot, where you can't have that experience online, because you need to go out. Those places will always have people in real life, therefore they would benefit a lot by accepting Bitcoin in the future, but they should start now to be pioneers. |
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RKing
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October 30, 2015, 05:18:58 PM |
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because it is anonymous and decentralised currency that people want to use
The supply of the bitcoin is limited. There will be no free printing of the bills like US dollar. It will appreciate all the time. |
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Xenoph0bia
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October 30, 2015, 07:52:17 PM |
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the world is clearly moving into a more electronic era. Bitcoin is a superior electronic currency...
Agreed with you, people are using more and more digital products and this generation is tech savvy. People understand the advantages of bitcoins such as instant transaction with minimum transaction fee, freedom of banking etc. They are fed up with the fiat currency and now they have a very good option in the form of digital currency. |
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leex1528
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October 30, 2015, 08:00:15 PM |
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I don't know if Bitcoin is better than fiat. It is hard to say. That should be the original question. I know I would rather have fiat at the moment than Bitcoin. I like having both but I gotta pay my bills unfortunately!
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cjmoles
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October 30, 2015, 10:01:55 PM |
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because it is anonymous and decentralised currency that people want to use
The anonymity and decentralizing are the best and more attractive characteristics of the Bitcoin in my opinion too. we need this financial system for many reasons and i think it's also safest than fiat in this way Yes...The anonymity makes scamming honest peoples money so much easier because you get their money and not have to worry about being punished for it. It is the most fantastic thing about the technology! |
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Raimonn
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October 30, 2015, 10:28:11 PM |
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Bitcoin is better because its impossible to falsificate the bitcoins, its easy to use (it don't need that commerces has a lot of change), and its fast (yes someone could say that credit card system is most faster but the shop don't have the money only has the confirmation of transaction, the money is redeemed two or three days later.
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quadriple7
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October 30, 2015, 10:32:21 PM |
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because its price can fluctuate more
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makcik
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November 02, 2015, 04:09:58 PM |
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Bitcoin is better than fiat (cash) because of the following reasons
(1) It's wireless-- means It's not like cash which you will keep secured in your locker. It's a wireless currency, it's in your wallet always without any doubt.
(2) Payments can be done from anywhere-- In cash there's a problem that you can only pay to the person when you're face to face, that is in Front of each other, but bitcoins can be transferred from wallet to wallet from anywhere, anytime.
(3) It's available everywhere-- cash cannot be available at multiple places at same time, but btc wallets can be used by multiple persons on multiple devices, so it's wherever you go.
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1990BEARS
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November 03, 2015, 06:44:25 AM |
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good topic... but it though you werre asking the question  it is good, anonymous currency. it will beat fiat in the future! |
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trinaldao
Copper Member
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Post your ann & bounty just contact me
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November 04, 2015, 07:01:55 AM |
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the decentralization is the 1st reason why bitcoin better than fiat
then "limited supply" after bitcoin can't be mining im sure bitcoin will be super rare currency
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INVALID BBCODE: close of unopened tag in table (1)
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b1gcoiner15
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November 04, 2015, 08:45:50 AM |
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yes, bitcoin really does beat fiat in many ways. the main thing i like is no government and banks dominating the currency!!
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gripflierGO
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November 04, 2015, 12:14:17 PM |
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the decentralization is the 1st reason why bitcoin better than fiat
then "limited supply" after bitcoin can't be mining im sure bitcoin will be super rare currency
Ofcourse decentralization is the best feature attached with the bitcoins and that is the reason it is gaining more popularity. And the best reason using bitcoins is there is no limit to carry, I mean if you are traveling to a different country you need to carry limited amount of fiat but same is not with bitcoins you can carry as much as you want in your digital wallet and no one can point it out |
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BantamSystems
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December 21, 2015, 05:54:43 PM |
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Users in the third world don't have any problem understanding bitcoin. In Kenya, they have been using mobile-phone based money transfer and microfinancing services (mpesa) long before anyone in the west knew what a bitcoin was.
For them, the concept of decentralized finance is much simpler to grasp and implement into their day-to-day economic activity... In the US, credit cards are still being swiped and signed for at the tills, whereas in europe and in most third world countries chip-and-pin (a more advanced technology) is the norm
It's easier for third world countries to adopt new technology
Just like how emerging and developing nations skipped landlines and moved straight to mobile technology, they will skip the convoluted 'innovations' offered by the traditional banking system and adopt decentralization
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HarryKPeters
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December 21, 2015, 06:16:34 PM |
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Today bitcoin needs fiat to even exist. As stated before people can only pay most of their bills with fiat or a bank account.
Honestly, I dont think this will change the coming years. So although bitcoin is better in many ways (speed, decentralization, anonimity), there is still a long way to go.
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BantamSystems
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December 21, 2015, 06:42:09 PM |
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For some reasons listed below.
- Community: Did you ever see such a huge Community with forums for fiat? Not really.
- Low Fees: You don't have to pay a 3% fee on transactions
- Fast Transactions: Did you wait for 3 Days for a Wire transfer? With Bitcoin, yo don't have to worry about that.
- Decentralized: No one can ever froze your money.
- No Age Limit: No one can request you to verify your age.
- You can buy everything: From Games on Steam to Products on Amazon
I know these are things every experienced user knows about, just sharing with newbies!
If you have something to say something great about Bitcoin, post below.
It always comes back to whatever the use case is. There are uses that we are aware of, and uses that we know that we aren't aware of. Then there are the uses that we aren't aware that we aren't aware of. In some scenarios, cash may be a better option than Bitcoin... In other scenarios bitcoin may be better than cash You also have to remember that bitcoin isn't just currency, it has dozens of other attributes, features and applications that will enable an entire world of possibilities that we aren't even currently able to conceptualize |
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