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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
naughty1
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February 27, 2017, 07:33:16 AM
 #981

You can't "print" BTC,it has a limited supply and there is no way there can be created more of it-so the first big difference is that BTC has limited supply.Another one is that BTC can be send in whatever quantities with little fees and relatively small confirmation time,which makes it a much preferrable way of payment,at least for me,because of how easier it is to actually make a transaction
Yes I agree with that. we have to do mining process to get bitcoin. This process is what makes the difference between fiat and bitcoin, also the halving make bitcoin prices to keep rising. And one more thing, we can use bitcoin to do world wide transaction faster than fiat

right, almost everything from Bitcoin are agile and convenient than fiat. however, Bitcoin inseparable real money, because the value of Bitcoin is determined by real money. we can admit Bitcoin convenience, but that does not mean that Bitcoin will dispose of real money. we should develop on the basis of Bitcoin from real money

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February 27, 2017, 03:52:23 PM
 #982

actually there is no significant difference between real money and bitcoin. because the function of bitcoin is similarly crate currency for payment media. The only different from the form. bitcoin digital and real money usually in the form of cash
i think there is a big difference between the two. bitcoin is a universal decentralize online currency while fiat is centralize currency that belong to a currency and a fixed value. and the online similarity is that both are currencies and are using for shopping and so many other purposes.

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February 27, 2017, 04:27:59 PM
 #983

its very simple that different between in bitcoin and real money , bitcoin have no physical shape and recently we can use it for direct shopping in local shops and real money have physical shape and we can use it for direct shopping in anywhere in local shops.

Like a credit card, but you can make deals with anyone who have a wallet
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February 27, 2017, 06:19:07 PM
 #984

its very simple that different between in bitcoin and real money , bitcoin have no physical shape and recently we can use it for direct shopping in local shops and real money have physical shape and we can use it for direct shopping in anywhere in local shops.

Like a credit card, but you can make deals with anyone who have a wallet

Good said especially  last part where you compare it with credit card.
Never the less we end up with fiat still cuz we can by still nothing with bitcoin in stores.

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February 27, 2017, 07:11:53 PM
 #985

its very simple that different between in bitcoin and real money , bitcoin have no physical shape and recently we can use it for direct shopping in local shops and real money have physical shape and we can use it for direct shopping in anywhere in local shops.

Like a credit card, but you can make deals with anyone who have a wallet

Good said especially  last part where you compare it with credit card.
Never the less we end up with fiat still cuz we can by still nothing with bitcoin in stores.
Not many have the opportunity to buy something in the shops. To think that a person needs each day and in general, and then to suggest that you can buy now from all this for bitcoin. And do not even get to the end of the fourth part of the total amount of the right products.

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JL421
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February 27, 2017, 08:02:50 PM
 #986

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Why Bitcoin is becoming more popular in the digital market just because of the BTC price. If the price stable like real currency then no one will use this bitcoin. But bitcoin have one big advantage what means we can not duplicate this currency. But we can make duplicate real currency. Fake notes we can print and release in the market, this is big disadvantage of real currency. Transaction wise both will take the same time to confirm payment.
Yeah that's right fake currency is pretty common these days , but there is more chance of getting caught i may be wrong
maybe the media is manipulating the viewers that the government is able to control fake currency but i hardly doubt that
is actually the truth. And about time i feel that bitcoin will take more time compared to currency any day.

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February 28, 2017, 12:44:11 AM
 #987

Theres a big diffirence between real money and bitcoin. When it comes to bitcoin it is crypto currency where you can buy through digital money it will make easy to buy something while real money make it hard to negoatiate with others when they are far from them
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February 28, 2017, 01:06:32 AM
 #988

Bitcoin is a store of value because it can operate without government.
Money don't.
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February 28, 2017, 01:18:24 AM
 #989

Bitcoin is a store of value because it can operate without government.
Money don't.
Bitcoin is not only a store of value, it has got several uses. Some of which are the use of bitcoin as a payment portal, investment, virtual commodity. Real money is the one that functions under the government. Bitcoin value varies depending upon the adoption and other factors relative to it, but real money has a stable price that won't vary often.

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February 28, 2017, 04:23:20 AM
 #990

Bitcoin is a store of value because it can operate without government.
Money don't.
That is the base of bitcoin as we could control our asset and not someone else and that is the main difference between the two .You can control your money if your asset is in digital form and you really cannot have full control over your assets if it is controlled by any centralized government.
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February 28, 2017, 04:41:38 AM
 #991

I think the difference is clear, bitcoin is the latest digital payment system and money is only fixed number but the value always down vs inflation always
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February 28, 2017, 05:57:24 AM
 #992

Bitcoin is a store of value because it can operate without government.
Money don't.
That is the base of bitcoin as we could control our asset and not someone else and that is the main difference between the two .You can control your money if your asset is in digital form and you really cannot have full control over your assets if it is controlled by any centralized government.
We can also control because that is our money after all, but the control in bitcoin is different since we will not only control it in full we can also hide that we have something since we do not need to comply with the KYC of the government. In banks when we deposit, we need to fill up a form and attach document to prove our identity and that information can be shared by government agencies which might give us problem in the future.

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February 28, 2017, 08:21:39 AM
 #993

There are many differences but one of the most obvious is bitcoin is a digital currency while cash is physical, that means bitcoin has limitations when dealing with physical scenarios like trying to but groceries and waiting for a confirmation and things like that.

If you worry about waiting for confirmation then you have an option to convert your bitcoins to fiat currency with some fee then you no need to worry about this issue. If you explore then you can find a solution for all those issues. Bitcoins as now not accepted in many places so we need have to find alternative ways to convert it to cash. I use bitcoins mostly for investment purpose.
I will agree with you I also do the same as you do using our local bitcoin exchange. I exchange to Fiat when I don't want to wait for long confirmation , there are a lot of solution in any problem you just need to learn how to do it easily.
local Bitcoin are full of scammers and moreover, trusted members only accept a high prices. Therefore, I suggest you should not sell or buy your Bitcoin on local Bitcoin. Instead of that, you can contact some people in your country and start a face to face trade. It is not very comfortable but you will get a good prices and avoid being scammed.

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February 28, 2017, 08:49:22 AM
 #994

Satoshi will implement a new mechainsm where no body will be able to double spend Bitcoin, nor a hacker could break the code and steal it.

called bitcoin ass
that is what bitcoin does

there is nothing more to do ass
bitcoin already stops double spensd
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February 28, 2017, 09:34:48 AM
 #995

I think so much that distinguishes between real money and bitcoin. transactions using real money, I think is happening so fast, because it occurs directly. today, bitcoin transaction to be so slow. so, it is one difference.
That can be one difference but technically there are so many differences like the price of currency doesn't increase even if it increases it doesn't make any difference while bitcoins price keeps changing time to time.
Why Bitcoin is becoming more popular in the digital market just because of the BTC price. If the price stable like real currency then no one will use this bitcoin. But bitcoin have one big advantage what means we can not duplicate this currency. But we can make duplicate real currency. Fake notes we can print and release in the market, this is big disadvantage of real currency. Transaction wise both will take the same time to confirm payment.
Yeah that's right fake currency is pretty common these days , but there is more chance of getting caught i may be wrong
maybe the media is manipulating the viewers that the government is able to control fake currency but i hardly doubt that
is actually the truth. And about time i feel that bitcoin will take more time compared to currency any day.

Sure you can print out an image that looks exactly the same as paper money. But paper money has so much details in it. When you use a violet light (if that's what it's called), you'll see that there are lines on your money. Not sure about your currency, though. But in my place, fake paper money can easily be identified since there are parts of the paper in the real paper money that can't be copied perfectly since it requires different types of equipment.

Like, how much funds do these people that print out fake money actually have to be able to create an exact copy of paper money? The materials used in our paper money came from different places and can't just acquired easily. People that print out fake money will be needing huge amount of money to get all these materials and by the time that they were able to print out an exact copy of paper money, the money that they spent to do so (i.e. machines, woods/plastic for paper and all its details) will be much greater than the amount of fake money that they can create.

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February 28, 2017, 10:32:21 AM
 #996

Bitcoin is a store of value because it can operate without government.
Money don't.

THis is the best in bitcoin terms. No intervention, no taxes, only a good and profitable money!

Buy bitcoin in every dump, and be rich in a few years!
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February 28, 2017, 11:00:32 AM
 #997

its very simple that different between in bitcoin and real money , bitcoin have no physical shape and recently we can use it for direct shopping in local shops and real money have physical shape and we can use it for direct shopping in anywhere in local shops.

Like a credit card, but you can make deals with anyone who have a wallet
although bitcoin has a different shape with real money. because bitcoin digital form. but bitcoin also has the same function with real money are as a currency and payment options

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February 28, 2017, 11:28:17 AM
 #998

its very simple that different between in bitcoin and real money , bitcoin have no physical shape and recently we can use it for direct shopping in local shops and real money have physical shape and we can use it for direct shopping in anywhere in local shops.

Like a credit card, but you can make deals with anyone who have a wallet

Good said especially  last part where you compare it with credit card.
Never the less we end up with fiat still cuz we can by still nothing with bitcoin in stores.
Not many have the opportunity to buy something in the shops. To think that a person needs each day and in general, and then to suggest that you can buy now from all this for bitcoin. And do not even get to the end of the fourth part of the total amount of the right products.

Think that point here is that we all want this to happen to go in store and pay in BTC.
State is good comparative one is paper other is digital but still more valuable then paper money.
Still its good for paying online in most of stores.

And have anyone tough about it what will be difference if bitcoin be fully accepted?



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steampunkz
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February 28, 2017, 11:34:47 AM
 #999

I think bitcoin is more convenient to use for my opinion. You can use bitcoins in many ways like shopping online. paying bills, booking flight. Bitcoin has many uses in nowadays. But in real money you can buy anything with it thats a good point but can we use real money in other many  online transaction like booking flights or reservation etc. Bitcoin will be always be my E-currency to use.

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Theb
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February 28, 2017, 11:41:31 AM
 #1000

I think bitcoin is more convenient to use for my opinion. You can use bitcoins in many ways like shopping online. paying bills, booking flight. Bitcoin has many uses in nowadays. But in real money you can buy anything with it thats a good point but can we use real money in other many  online transaction like booking flights or reservation etc. Bitcoin will be always be my E-currency to use.
It is true on what you have said. But did you notice something? It is just that all you have mentioned is transactions that can be completed online. However if you look at it in the broader way you will see that Bitcoin is defeated by Fiat currency as it is more convenient in terms of actual use in stores, etc. You can even use your money without having any cash (Debit Card) it is good as cash.

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