Why is Bitcoin better that fiat?

[Rude Boy]

IMO, in fiat we have to pay some tax when we have/our income is more than the limit. But we don't need to pay even a single sat to hold lot of bitcoins. Because, bitcoins were anonymous and fiats were watched by banks(?)

what are you telling is correct but now all governments are taking steps to get details about bitcoin user and they are implementing bitcoin under law of tax and very soon who ever is holding bitcoins have to give details about all their wallets and declare and pay taxes.

I think, it cannot be controlled. Because, what if peoples starts using brain/paper wallte? And how they can track people using bitcoin wallet? Is that possible?

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[mark coins]

bitcoin is also great for online purchases where you can't use cash and there is high credit card fraud.

[randy8777]

it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.

[traderbit]

It really depends on which field of life you want to use bitcoin or fiat.
For everyday use i prefer more fiat, as most of stores/merchants accepts this.
But i most deal in bitcoin especially for international transfers which makes it easier than banks and low tx fee.

[Omikifuse]

Because there are bigger fees and taxes with FIAT.

But I think if enough people know BTC things may change, sadly

[VirosaGITS]

Because there are bigger fees and taxes with FIAT.

But I think if enough people know BTC things may change, sadly

I think BTC will be fine, FIAT is easy to regulate, BTC not so much, and if a government crack down on BTC use with their citizen, it will just make people turn to stealth services. I think people that get familiar with BTC then realize how much money they are losing to processors, fees and endless taxes.

[trinaldao]

it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.

yeahhh you are right, true it
but not prefered,you will waiting for long time to get 1confirmation, if you want to send without fee
u can use xapo wallet

[RKing]

Because there are bigger fees and taxes with FIAT.

But I think if enough people know BTC things may change, sadly

We shall pay reasonable tax to support the society. I do not mind paying if the tax money is used properly.

[TTMNewsMJ]

Bitcoin is the best currency ever.
You can use it in many ways.

[zimmah]

It's not about taxes, it's about inflation and the fact that bankers enrich themselves over the backs of everyone else by lending money they dont own, and than expecting not only the money itself "back"but also the interest over the money they never owned in the first place.

[Furio]

I beg to disagree on the you can buy everything part. I still can't buy groceries using bitcoin, and I find it rough because we can buy tech devices but not basic commodity. We still need merchants to accept bitcoin and not just users willing to spend.

Honestly, I'm trying to live with only bitcoin, but pizzas for almost everyday isn't healthy, and I can't pay rent with bitcoin.

Yes you can my friend, bitcoin debitcard, simple master or visa, so yes you can buy EVERYTHING with bitcoin, multiple solutions for it...

[doublemore]

This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:



The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument.

Haha that chart is awesome i will be using that to link to newbies.  Over time fiat and gold become worse options, bitcoin has the chance of hack i guess but seems unlikey.

[prodigy8]

it's mainly the freedom. you can own your money. you can send money instantly to anywhere in the world. you can send $100,000,000 without a single satoshi as fee.

yeahhh you are right, true it
but not prefered,you will waiting for long time to get 1confirmation, if you want to send without fee
u can use xapo wallet

Or you can use coinbase and never think about the transaction fee,
Neither if it gets confirmed or not as always* it gets confirmed.
Yeah it is the freedom owning your own bank and manage your coins.

[Snorek]

Of course bitcoin is amazing, with all its amazing features there is even problem when to start. But I gotta agree that so far the best feature of bitcoin is lack of taxes. That is it. If you keep your bitcoin funds secret you don't have to pay taxes. I with it will stay this way forever.

[RKing]

Of course bitcoin is amazing, with all its amazing features there is even problem when to start. But I gotta agree that so far the best feature of bitcoin is lack of taxes. That is it. If you keep your bitcoin funds secret you don't have to pay taxes. I with it will stay this way forever.

Bitcoin will be taxed like fiat when it is used more. Government will not miss any chance to raise more taxes. The government is too big.

[QUEDOS]

I think using a mixture of all value transfer technologies is where you really begin to enjoy the MAXIMUM benefits of the global economy.

Bitcoin doesn't have to destroy cash for it to be valuable. I think both work very well together and ultimately achieve the same end result of value transmission.

Bitcoin itself simply provides a leaner alternative to global remittance via traditional banking systems and, for the time being, value that is transmitted via the blockchain must be converted into fiat in order to be spent.

However, I think in the next 10 years as adoption increases you'll find that less and less people transfer value off the blockchain in order to spend/invest etc which will do alot to boost bitcoins price - but this wont benefit those that are using bitcoin as a currency, it will benefit those who are using bitcoin as a store of value

[Hugroll]

bitcoin is better than fiat because because sending big transactions online doesnt cost you big fees like 1% or something

[rinhunter]

may be easy in the deal, because it does not need to be
things that are not important as verification just as paypal

[fkvidar]

"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
http://satoshi.nakamotoinstitute.org/emails/cryptography/1/

[bitsat alien]

bitcoin is better than fiat because because sending big transactions online doesnt cost you big fees like 1% or something

exactly, try transferring huge amount of Fiat , especially abroad, and see how is difficult and how much you got raped on the fees.