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Endikadija (OP)
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April 27, 2016, 09:55:57 PM |
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Which are the goods and bad of btc comparing to real money?
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Aniselove
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April 27, 2016, 10:43:40 PM |
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Kind of a loaded question...
There are many many differences & some similarities!
Just read the forums friend - You'll figure it out yourself.
No need to have someone dictate it to you - that's no fun =/.
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chek2fire
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Intergalactic Conciliator
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April 27, 2016, 11:00:58 PM |
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bitcoin is real money. the other is fake
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dothebeats
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April 27, 2016, 11:05:19 PM |
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I'll give you one difference between fiat and bitcoin.
Bitcoin is a pseudo-anonymous yet transparent form of money. Every single transaction is publicly displayed and you can search a certain transaction if you like.
In fiat, you can see with whom you transact, converse with them, etc. etc. Transactions aren't publicly displayed, and most of fiat is virtually stored in banks. Many things could happen behind the scenes with fiat (corruption etc.) and can go unnoriced.
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btccashacc
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April 27, 2016, 11:13:39 PM |
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There are some pros and cons either bitcoin or real money
But i'll crosscheck this
send bitcoin to someone anytime, anywhere in the world with single click and low fees
pseudoanonymous
simplest
while fiat, it has nothing, with fiat money, things aren't so simple. Sending money globally is massively complex.
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quintiilieo
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April 27, 2016, 11:18:46 PM |
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Which are the goods and bad of btc comparing to real money?
The good about bitcoin is if you want to grow your money easily just wait the price grow. The bad about bitcoin if the price goes down and you cashout your money you dont get profit . The bitcoin can profit real money. But money cant profit . |
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The Sceptical Chymist
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April 27, 2016, 11:24:44 PM |
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Lack of buyer protection, slower transaction times. Those are always the differences I see. It's a great store of value, bitcoin is, but I hate using it as money. Buying stuff with fiat is just so much easier, plus I get paid in fiat and would have to go out of my way to purchase bitcoin first in order to spend it. Not worth it for me--and I love bitcoin as much as the next guy here.
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Rubberduckie
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April 27, 2016, 11:58:25 PM |
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bitcoin is real money! its very different but still accepted as money.
look at all the places taking it now, even steam just started
taking it.
Bitcoin is accepted all over you just gotta look around
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bittrojan
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April 28, 2016, 12:31:39 AM |
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Which are the goods and bad of btc comparing to real money?
for being payment,bitcoin and real money almost have no different,the only different is physical and real time payment,if money drectly accepted with physical and real time,but bitcoin is not. |
ICO investor. Miner. Bagholder Extraordinaire!
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quintiilieo
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April 28, 2016, 12:47:40 AM |
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bitcoin is real money! its very different but still accepted as money.
look at all the places taking it now, even steam just started
taking it.
Bitcoin is accepted all over you just gotta look around
Yup Bitcoin is real money, its true that this is the real money you havs the point that any country accepted this but the real money.not all country accepts that . |
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Jasad
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= jasad =
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April 28, 2016, 02:36:18 AM |
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Which are the goods and bad of btc comparing to real money?
bitcoin is better than money if : - all people use bitcoin and the century has become digital era - bitcoin is accepted in every store and common just like other electronic payment - bitcoin price stable,and just fluctuated in every month bitcoin bad if compared with money if : - bitcoin have long time transaction - bitcoin have complicated step to make transaction |
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richjohn
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April 28, 2016, 02:39:35 AM |
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Bitcoin can only be used in an online transaction and cannot be used if there is no internet connection but we can use real money anytime. Bitcoin is not supported by the government right now and government produced real money for people to use.
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bitbaby
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April 28, 2016, 02:45:53 AM |
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The real good and bad is that its pseudonymous which can be good in some circumstances but doesn't works all that well with worldwide adoption, which is what we're aiming for, governments won't make a currency legal unless they can know and keep track of how much one owns and that makes it little difficult for service providers to accept it for they don't want to get in trouble for accepting something which maybe illegal.
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Monnt
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April 28, 2016, 02:48:45 AM |
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Pros:
- Bitcoin is international, no international transaction/exchange fees
- Super-low fees
- Small denominations
Cons:
- Relatively slow block times
- Super-volatile
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Mumbeeptind1963
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April 28, 2016, 02:51:43 AM |
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Bitcoin can be use in good and bad ways like money but in money they can easily track or know who is transfering that money. In bitcoin you can hide your self, they cant find you if you use vpn so the good here you can transact to anyone, the bad is you can transact in illegal. You can buy drugs .
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ebliever
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April 28, 2016, 02:55:25 AM |
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Bitcoin is scarce, which is a key property of real money. Fiat is not scarce due to it being subject to unlimited printing by central banks, so it is not real money.  |
Luke 12:15-21
Ephesians 2:8-9
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nydiacaskey01
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Merit: 1036
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April 28, 2016, 02:57:39 AM |
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Which are the goods and bad of btc comparing to real money?
Good about BTC is the value appreciates while the bad is it depreciates. I can go around practically every where and buy what I want while with BTC not everyone is accepting it yet as a payment option. bad think about BTC if you are offline you cant transfer it to anyone unless its stored in a paper wallet, you can just hand it over to another person. |
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MingLee
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April 28, 2016, 03:00:04 AM |
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Bitcoin is scarce, which is a key property of real money. Fiat is not scarce due to it being subject to unlimited printing by central banks, so it is not real money. Scarcity is what gives value to anything. Good wood that's been cut or anything? Scarce. Fertile dirt? Somewhat scarce. Gold? Really scarce. Most of the time the item has some use outside of just being a store of value, but for some other commodities it doesn't have anything like that. |
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boyptc
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April 28, 2016, 03:09:34 AM |
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Bitcoin is a digital currency and just like real money you can use it to shop online and be paid with bitcoin for your goods and services offered. Real money is paper and it can be ripped |
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BTCLovingDude
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Merit: 1010
BTC to the moon is inevitable...
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April 28, 2016, 03:10:24 AM |
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Which are the goods and bad of btc comparing to real money?
first thing that comes to mind when you talk about bitcoin especially these days is the price of it. when you buy bitcoin you are making an investment that it will go up so you can make a profit by buying it. but that is not all of it. bitcoin is an excellent form of money so you can use it as such for your transactions. it is fast and easy to use and also on top of that you only pay a small fee for the transactions. also there is no restriction about using it, unlike some payment processors online you can use bitcoin however you want. |
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