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hansolo93
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May 22, 2017, 07:18:02 PM |
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The Problem about Bitcoin is that it doesnt have enough Solid trustworthy Offline value.
For example , lets say the government declares a Order which forbids to hoard bitcoins and to buy bitcoins , and they shutdown all mining farms . So tell me how you are going to cover your coins with a dead network and no one to able to move it?
On the other hand , Gold has a Physical value , you can touch it rub ur di.ck on it do w/e .
Or lets say the Network implodes in itself because of the high traffic?
Im a bit sceptical but these questions had to be asked at some point dont they?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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cointabo
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May 22, 2017, 08:03:02 PM |
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Real money depreciates in value whilst bitcoin is a gift that keeps on givin'
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szpalata
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May 22, 2017, 09:00:43 PM |
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Real money depreciates in value whilst bitcoin is a gift that keeps on givin'
Bitcoin likewise depreciates and has been the case . Which currency doesn't appreciate or depreciate in value. I want to add that Bitcoin is both a currency and a commodity and so stop treating it as just a currency but more than a currency. |
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hinatashoyou
Member
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Activity: 82
Merit: 10
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May 22, 2017, 09:04:23 PM |
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We all know that bitcoin has value the better so that we can use for investment. or our daily use we have to depend on our national currency. For online transactions we can use bitcoin because it is safest one for online transaction. bitcoin is used online and depends a whole lot on internet, but our modern day world relays on that so much and it is built and works around the internet
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tabas
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May 22, 2017, 09:29:36 PM |
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There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something. |
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Hatuferu
Legendary
Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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May 23, 2017, 01:40:00 AM |
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There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something. I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important to make that happen so bitcoin will remain progressive and we can make more money from our investment. This will not actually improve if it does not give good benefits to the people. |
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Collider
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May 23, 2017, 01:59:14 AM |
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There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something. I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important to make that happen so bitcoin will remain progressive and we can make more money from our investment. This will not actually improve if it does not give good benefits to the people. The development of bitcoin is lacking in most of the countries especially when it comes to spending them at offline places for shopping as there are to many countries who are aware about it and I think it will take long time for bitcoin to get used and accepted like fiat currency. |
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Winner
Legendary
Offline
Activity: 1190
Merit: 1000
Look ARROUND!
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May 24, 2017, 03:32:54 AM |
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Bitcoin wouldn't replace regular fiat because the amount of people that use fiat is at a high amount compared to the amount of people that use Bitcoin for payments. I think that Bitcoin is the only payment method that allows people to send money to the other people online without spending that much money online for transactions.
People like to spend Bitcoin then complain that the transaction fee is just at a high amount that will sway the people far from Bitcoin though they don't really know that they don't have to spend that much money on Bitcoin transactions. If people keep that up then there won't be a need for Bitcoin to replace regular money.
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the rise
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May 24, 2017, 05:44:07 AM |
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Bitcoin wouldn't replace regular fiat because the amount of people that use fiat is at a high amount compared to the amount of people that use Bitcoin for payments. I think that Bitcoin is the only payment method that allows people to send money to the other people online without spending that much money online for transactions.
People like to spend Bitcoin then complain that the transaction fee is just at a high amount that will sway the people far from Bitcoin though they don't really know that they don't have to spend that much money on Bitcoin transactions. If people keep that up then there won't be a need for Bitcoin to replace regular money.
Bitcoin is very much more efficient in financial transactions because it only needs to use smartphones and internet, we can make transactions wherever we want with very light and fast cost, in fiat we continue to deal with tax transactions between countries and interest rates are much more. It should be a lot of people already have to understand about bitcoin. |
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Seville
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May 24, 2017, 07:35:30 AM |
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the only difference i see is, real money is more centralized than BTC and its all instamine  |
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DoublerHunter
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May 24, 2017, 09:20:26 AM |
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the only difference i see is, real money is more centralized than BTC and its all instamine You cannot mine real money because they are created by the government but i agree with you that the only difference that you see is being centralized of real money because that is what government wants, they want a controllable money and that is the real money while bitcoin is decentralized so they hate it because they didn't have any control of it and it will prevent corruption which is bad for other officials. |
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tabas
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May 24, 2017, 08:51:58 PM |
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There are many differences of bitcoin and real money, One of which is bitcoin More flexible to use than real money.
It is flexible because you can use it online if the merchant is accepting bitcoin. And if you want to use it, you can just simply convert and sell it to cash or real money. Despite of their differences, I prefer to use them both and we need both of them in able to have a good transactions every time we want to buy something. I'm still hoping in the near future there will be more merchants that is going to accept bitcoin, it is important to make that happen so bitcoin will remain progressive and we can make more money from our investment. This will not actually improve if it does not give good benefits to the people. I think there were given merchants that will adopt bitcoin in the future. Once they saw that the demand of bitcoin is high, those new coming merchants will study on how bitcoin works. And it will be good for them, why? Because they will have another payment option and they can accept bitcoin, PayPal or fiat money so it's a variety of choices for them. |
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mirakal
Legendary
Offline
Activity: 3122
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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May 25, 2017, 07:18:04 AM |
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the only difference i see is, real money is more centralized than BTC and its all instamine You cannot mine real money because they are created by the government but i agree with you that the only difference that you see is being centralized of real money because that is what government wants, they want a controllable money and that is the real money while bitcoin is decentralized so they hate it because they didn't have any control of it and it will prevent corruption which is bad for other officials. Only the government can make money with their own money, bitcoin is decentralized which is opposite to the government current system and it's a new idea to give us a full privacy with our money even if we make transaction online. People started to believe with bitcoin and you can tell that by the way the price pump currently. Also, one big advantage of holding bitcoin is it does not inflate unlike real money regulated by the government. |
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culuuton
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May 25, 2017, 07:20:43 AM |
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Cash is awesome. When you are right in front of the person you are dealing with. But we have this thing called the internet nowadays, which means many many transactions done happen that way anymore.
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TrissMerigold
Member
Offline
Activity: 84
Merit: 10
Bitrated user: Olysikes1. Authenticate
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May 25, 2017, 07:24:30 AM |
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i mostly prefer bitcoin , with bitcoin you can use it for many possibilities such a untraced transaction , cloud minings , altcoin investment and many more , the fact is bitcoin is already more popular right now .
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cabitu
Member
Offline
Activity: 163
Merit: 10
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August 15, 2017, 07:05:31 AM |
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Bitcoin in certain cases must be made in real money first because not all things in the transaction can be paid with bitcoin, while real money can to do every transaction
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Finestream
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August 15, 2017, 07:36:06 AM |
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i mostly prefer bitcoin , with bitcoin you can use it for many possibilities such a untraced transaction , cloud minings , altcoin investment and many more , the fact is bitcoin is already more popular right now .
I do prefer bitcoin as well when it comes to making money, real money is fiat where the government created it and it will always be in circulation no matter how successful bitcoin is. We need fiat more than bitcoin but this new technology who are about to change the world is a good investment opportunity. |
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decoder88
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August 15, 2017, 07:46:31 AM |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
I think dude, the difference between bitcoin and real money isa the way of earning. In real money, to earn real money you will to do some specific work to have some money while to earn bitcoin, you just used your gadget and internet to post and you will earn money. |
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Makka
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August 15, 2017, 07:48:44 AM |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Well, here's the big difference that might settle this argument once and for all. Your dollar, just like any other fiat currency, is not increasing in value. On the contrary, it is diminishing because of inflation. On the other hand, even your sleeping bitcoin is earning big time. The more BTC you have, the bigger earning you can get. |
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rido
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August 15, 2017, 09:05:16 AM |
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With real money "maybe the dollar will lose its value, maybe bitcoin will generate a lot of value.It's been 3000 dollars in the last few seconds maybe next few years the currency in gital will replace the real.
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