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Author Topic: Difference between Bitcoin and real money?  (Read 114184 times)
Satish147
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December 08, 2017, 02:56:03 PM
 #2281

Real movie can't be moved or can't be used in any other country other than their country in most cases. Where Bitcoin is universal currency and it can be used anywhere instantly.

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December 08, 2017, 03:11:38 PM
 #2282

Over the years to come back it appears onerous to differential the important cash from the digital currency. The explanation is that, additional countries were aiming to provide their money a digital kind. This initiation maybe a part of medical aid, which can take ton time to achieve success. Finally the decentralization alone separates the important from truth digital currency. 
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December 08, 2017, 03:14:32 PM
 #2283

I see it this way - Real FIAT currency is controlled by governments but Bitcoin isn't.
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December 08, 2017, 03:25:03 PM
 #2284

The main difference between bitcoin and real money is its form as bitcoin is digital and real money can be touched . bitcoin can be used only for online dealings  while real money is used on daily basis . but as we know both are used to satisfy our needs .
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December 08, 2017, 03:59:56 PM
 #2285

From a recently removed post (as it didn't mention bitcoin), here is my comment explaining why debts with dollars are different than debts with bitcoin. This is a key difference between what dollars are and how they work vs bitcoin. Very few people understand these issues and it's unfortunate (deleting posts doesn't help with the lack of education either).
Comment reply:
"Debt wouldn't cease to exist with bitcoin, but money wouldn't be debt based. The issue is a dollar is not an asset like gold or a bitcoin, it's a unit of debt. Rather than being mined into existence a dollar is borrowed into existence. When you put a dollar in a bank it is loaned out making even more dollars (the dollar you deposited plus the now newly loaned dollar) and there is no way to tell one dollar from the other. A dollar loaned 100 times over looks the same as a dollar loaned a few times. A bitcoin or gold coin on the other hand are actual assets. If you have one it is an actual asset of value itself, it wasn't loaned into existence and is not merely a note saying someone owes you an asset. No banks silently create more bitcoin by loaning new ones into existence. Any entity that claims to hold your bitcoin but really loans it out behind your back is committing fraud and and can be discovered by blockchain audit techniques.
In a world using bitcoin debt would still exist because people could always loan out bitcoin, but these loans would be visible to all--people that were loaning bitcoin would know they no longer had their bitcoin because they loaned it. Such a loan doesn't create more bitcoin. A bitcoin is very different than a piece of paper saying someone owes you a bitcoin. With the dollar, there is no difference because a dollar is always a piece of paper that says someone owes someone something--and more are created constantly. The really hilarious thing is the dollar is an IOU on an asset that was defaulted on in the 70's. It's a promise for payment that was broken decades ago but people still wander around using them like they are assets. People don't even know what money is anymore in regard to assets vs. IOUs because of this.
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December 08, 2017, 04:13:23 PM
 #2286

difference bitcoin has advantages in terms of its value increasingly rising,in contrast to real money drop price bitcoin more desirable because stable prices but bitcoin has a great risk of losing rather than real money dependent people who have a need bitcoin or real money,choose a digital money or real money is the same because all for payment transactions.
I perfectly agree with this reasons. Bitcoin as a digital money has the tendency of high price increase compared to any real money. However, there is high risk with digital monies than real money.
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December 08, 2017, 04:20:17 PM
 #2287

There are many differences between fiat currency and digital currency. Fiat money is the money that is tangible, it is the currency where we always seeing in our every day life while digital currency is the currency where you need gadgets for you able to use or to see it.


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December 08, 2017, 04:35:00 PM
 #2288

Both of are currency but physical existent is the main fact which makes Difference between Bitcoin and Money. Because of bitcoin haven't any physical existent but money have physical existent that's why we can touch money.

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December 08, 2017, 04:47:31 PM
 #2289

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

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December 08, 2017, 05:15:12 PM
 #2290

The most crucial contrast of BTC and genuine cash is its shape genuine cash in the frame while BTC have a computerized framework that isn't noticeable. However, both have in like manner is both utilized as cash. Both have an esteem that can be utilized forever.
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December 08, 2017, 08:22:03 PM
 #2291

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

Mainly this is the difference and that is the main reason why governments and banks want to control it at all cost and want to put tax on bitcoin.
You can blame them they are in very bad position in this they cant don anything and bitcoin is rising high in price.



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December 08, 2017, 08:27:03 PM
 #2292

When you put money in your pocket and exchange it. No one will confirm and know how much you have exchanged. However, bitcoin is different. Your exchange must be approved by millions of network nodes.
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December 08, 2017, 09:39:36 PM
 #2293

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

Mainly this is the difference and that is the main reason why governments and banks want to control it at all cost and want to put tax on bitcoin.
You can blame them they are in very bad position in this they cant don anything and bitcoin is rising high in price.


That's true but i don't think they have a system in place to be able to fully control bitcoin else they'd have done it  a long time ago because these recent growth has sent shivers down the spines of some of these central banks and governments and it's a wake up call for them to back their fiats and so any little chance they'd get to knockout bitcoin i bet they'd do it but the worst they could at the moment is to regulate it through some of the exchanges.



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Rainbot
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December 08, 2017, 10:14:17 PM
 #2294

Real movie can't be moved or can't be used in any other country other than their country in most cases. Where Bitcoin is universal currency and it can be used anywhere instantly.
Bitcoin and all other coins which are there in the crypto world are advanced form of currency. There is a lot of difference in between bitcoin and real money. The most common difference among both of them is that bitcoin is an online or you can say digital currency and it does need an internet connection unlike that of real money. In addition to this, market value of bitcoin is increasing very much significantly.
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December 09, 2017, 08:29:56 AM
 #2295

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?


If your money is in bitcoin while gambling or while doing other investments there is a chance that you might be swept with the wave of it.
Although risky if it falls but as of now the more you wait the better you get. Its just always rise for now. Just months ago it was at $350 look at it now. Can your $ do that?
  Smiley
First difference of these two is that one of them is a digital currency and other one is paper but as we know now a days everything is going to digital and they are only to make life facilitate of people so bitcoin is also doing a same thin in bitcoin you can trade inline and also you can invest as well and its price is also high and it’s very easy to carry with you self-there no chance of steeling or robbery of it so in my opinion bitcoin is now better than any  other currency.

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December 09, 2017, 09:14:40 AM
 #2296

Fiat money or real money is regulated or controlled by the bank and the government. While bitcoin is decentralized, meaning no one is controlling and tracking the transactions happening between two Bitcoin users. Without the banks control over bitcoin, they can't put taxes on it.

Mainly this is the difference and that is the main reason why governments and banks want to control it at all cost and want to put tax on bitcoin.
You can blame them they are in very bad position in this they cant don anything and bitcoin is rising high in price.


That's true but i don't think they have a system in place to be able to fully control bitcoin else they'd have done it  a long time ago because these recent growth has sent shivers down the spines of some of these central banks and governments and it's a wake up call for them to back their fiats and so any little chance they'd get to knockout bitcoin i bet they'd do it but the worst they could at the moment is to regulate it through some of the exchanges.
Bitcoin is a cryptocurrency or digital money.It requires internet connection and knowledge about how to operate it.Real money is physical and can be used anywhere and anytime.It does not require any knowledge.Real money or fiat currency is under the control of the central bank or is centralised.Bitcoin is decentralised.All the transactions all over the world are done through real money.On the other hand,bitcoin is not even legalised in many nations.Real money is stable but bitcoin is very volatile.
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December 09, 2017, 09:20:30 AM
 #2297

bitcoin is crypto currency and real money is FIAT
bitcoin can only be use online while FIAT can be used and stored even offline
bitcoin is so fragile and everytime it breaks the market with pump and dump while money is not so like that
bitcoin is currency, investment and asset and can be stoore foor the better future to be a huge amount in some years!
FIAT money is a currency that is circulating everyday in the society storing it someewhere for a long time will not give much profit to you and hopefully  it will not exppires as your country change the circulating king of money!

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December 09, 2017, 10:27:39 AM
 #2298

Bitcoin can give us big profit and interest.But your money deposit into a bank very small profit you get.Bitcoin can be used only online but real money to be used handy. Real money (Dollars) always lose its value. But bitcoin will probably gain a lot of value.
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December 09, 2017, 10:35:44 AM
 #2299

Bitcoin doesn't need a third party to transfer ur money from one individual to another, no one can control it
Plus it's a digital currency not a paper money can be cirulculated over the internet
It's fast in transaction no matter where u want to send ur money all over the world

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December 09, 2017, 11:23:41 AM
 #2300

those that settle for cash, could increase the volatility in a downturn.
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