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Author Topic: Why some people prefer Bitcoin over fiat ?  (Read 58458 times)
virasog
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January 20, 2017, 02:15:48 PM
 #381

I don't know for sure,possibly because bitcoin is more sophisticated, simple and can be used throughout the world using a small fee.
Transparent and neutral, Payment freedom, Fewer risks for merchants, Security and control is a service provided to users of bitcoin

Exactly that is why bitcoin is preferred most of the people here.Even me to be honest I really pray on this thing to happen that bitcoin will be accepted by the government else where so everyone can be benefited by this fact of having less expense of money transfer and the all mentioned above.
 

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Dudeperfect
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January 20, 2017, 02:59:41 PM
 #382

Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.

Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.

Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.

I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.

Something that is useful will be used for all kind of stuff, it is not the responsibility of the creator or users to supervise how it is used, computer are very useful and they are being used for crimes or crime related activities but we are not going to ban them because of that.
Bitcoin is money, while some said that money is the root cause of all evil which is not true. It depends on who uses it as it will not circulated when people are not interested in it. Bitcoin is very useful for both bad and good activities since it's anonymous and we can transact very fast, as in fast.
If a certain person uses this for illegal activities then it's his freedom and he should be accountable for it.

I completely agree with you but when it comes to administration, the governments won't think in such way if they find that something is causing the headache for them. In other words, governments will ignore any benefits and use such activities as evidence to ban bitcoins or cryptocurrencies. Since they control greedy, why they will think for something that gives complete freedom to the users.
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January 20, 2017, 03:45:05 PM
 #383

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

The general problem is the twisted mind of the humans.
Drugs, porn, gambling addiction, those are all things that are not welcome in the public society. Yet people want to have it.
So they search a way to get what they want, without anybody knowing.
The anonymity of a bitcoin transaction gives the people the solution to their problem.
I don't think that there is an option to stop that misuse.
I only hope that the legit use of bitcoin will become so dominant that the misuse will not be noticed anymore.
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January 20, 2017, 03:50:29 PM
 #384

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
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January 20, 2017, 03:57:40 PM
 #385

Since the bitcoin is not real money. We cannot buy it thoroughly in our markets. And the fiat  money is a legal money and that is approved by government. Many says that the bitcoin is for criminal why? because bitcoin is not legal for other country. But because bitcoin has a bitcoiners it will continue increasing the graph for bitcoin over fiat, cause bitcoin is easy and I started already it so I will stay with it.
yes bitcoin is not money no doubt about this but i think we also cannot buy real money in market, because you have to earn it. and same is the case about bitcoin, you cannot buy bitcoin, but you can only change your fiat into bitcoin for the same value. and then you can earn bitcoin from trading or from any other services.
I am compelled to ask, what makes the fiat currencies real money that Bitcoin does not have? We call piece of papers money not because they are worth anything but simply because we settle to see and accept them as money. Same way, almost all of us here in this community and many more across the globe have come to see and accept Bitcoin as money. That is all that is needed and you may want to know that Bitcoin parades far more intrinsic values than almost all other forms of money out there.
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January 20, 2017, 06:36:10 PM
 #386

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
yes that s right, those people who know about the importance of bitcoin and those who are using  online services then they are giving preference to bitcoin over fiat. because bitcoin is the best option for them.
bitbob82
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January 20, 2017, 09:47:17 PM
 #387

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
yes that s right, those people who know about the importance of bitcoin and those who are using  online services then they are giving preference to bitcoin over fiat. because bitcoin is the best option for them.
actually the new generation trend is totally toward online business and they want to have such a system through which they can make the online process more convinient so i think bitcoin is the best option for them.
The_Dark_Knight
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January 24, 2017, 03:14:10 AM
 #388

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

The general problem is the twisted mind of the humans.
Drugs, porn, gambling addiction, those are all things that are not welcome in the public society. Yet people want to have it.
So they search a way to get what they want, without anybody knowing.
The anonymity of a bitcoin transaction gives the people the solution to their problem.
I don't think that there is an option to stop that misuse.
I only hope that the legit use of bitcoin will become so dominant that the misuse will not be noticed anymore.
Yes, the problem is not the tool but the ones using it, I think the biggest problem has to do with the possibility of buying drugs with bitcoin since many don't see anything wrong with gambling and porn has become so ubiquitous thanks to the internet, however I don't think the problem is that big but the press keeps pushing the issue to misinform the public.
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January 24, 2017, 06:39:31 AM
 #389

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

The general problem is the twisted mind of the humans.
Drugs, porn, gambling addiction, those are all things that are not welcome in the public society. Yet people want to have it.
So they search a way to get what they want, without anybody knowing.
The anonymity of a bitcoin transaction gives the people the solution to their problem.
I don't think that there is an option to stop that misuse.
I only hope that the legit use of bitcoin will become so dominant that the misuse will not be noticed anymore.
Yes, the problem is not the tool but the ones using it, I think the biggest problem has to do with the possibility of buying drugs with bitcoin since many don't see anything wrong with gambling and porn has become so ubiquitous thanks to the internet, however I don't think the problem is that big but the press keeps pushing the issue to misinform the public.
The mainstream media is sometimes corrupt, they published wrong news because they are paid to do that. But it's not a problem anymore, the internet is a more accurate place to get a reliable information and I know users of bitcoin are smart people and they will not be convince easily on negative news without a valid evidence to support it.

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January 26, 2017, 08:27:11 AM
 #390

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
yes that s right, those people who know about the importance of bitcoin and those who are using  online services then they are giving preference to bitcoin over fiat. because bitcoin is the best option for them.
I am among those people and for a reason, because bitcoins are NON REVERSIBLE unlike most payment systems and that is because bitcoins are decentralized and hence I at least am sure that my balance I am having is final and cannot be reversed by giving rubbish reasons.
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January 26, 2017, 08:30:24 AM
 #391

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
yes that s right, those people who know about the importance of bitcoin and those who are using  online services then they are giving preference to bitcoin over fiat. because bitcoin is the best option for them.
actually the new generation trend is totally toward online business and they want to have such a system through which they can make the online process more convinient so i think bitcoin is the best option for them.

You are right sort of you only pay online and it is fast. Like you are lazy to stand up go out and give your money its just online process. The generation now is all about technology that's why they adapt it in their daily life
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January 26, 2017, 09:21:47 AM
 #392

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Unfortunately this can not be avoided, all the money is used for criminal or other bad things, because such use bitcoin currency and consider the black market, the financing of terrorism and so on, and nothing can be done about it. Bitcoin was created not for this but there are always those who will use it for bad.
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January 26, 2017, 09:37:13 AM
 #393

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Bitcoin as digital currency could used for everything that accepted this payment, not only to buy drugs, access porn site or gambling.
Other currencies are being used to those activities too, doesn't mean the currency is bad, depends on people who use it.
You will find what you looking for, I mean if you look for bitcoin used for good activities, you will find it too.
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January 26, 2017, 09:44:26 AM
 #394

While doing BTC transactions are good as we don't have to add any bank accounts  here and it is good for online purchases ,online transactions etc:-.
Because we dont have any agent here to use our money like the fiats have banks  so no one can freeze our accounts

Yes these are actually the reasons that more people often prefer to use bitcoin for their uses like business and transactions etc. For me the most benefit of bitcoin and due to which I prefer bitcoin instead of fiat is that it is used in any place of the world and it connect all of the world.
yes that s right, those people who know about the importance of bitcoin and those who are using  online services then they are giving preference to bitcoin over fiat. because bitcoin is the best option for them.
I am among those people and for a reason, because bitcoins are NON REVERSIBLE unlike most payment systems and that is because bitcoins are decentralized and hence I at least am sure that my balance I am having is final and cannot be reversed by giving rubbish reasons.
That's unfair. If by mistake in the bitcoin address how we can get the amount back. We don't have any chances of getting it back, only if the receiver gets a kind heart we'll get it back. So irreversible feature is not the real fact for users to prefer bitcoin over fiat. More users prefer it for very huge volume transactions which is not possible with fiat.
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January 26, 2017, 09:48:18 AM
 #395

I don't know for sure,possibly because bitcoin is more sophisticated, simple and can be used throughout the world using a small fee.
Transparent and neutral, Payment freedom, Fewer risks for merchants, Security and control is a service provided to users of bitcoin

Exactly that is why bitcoin is preferred most of the people here.Even me to be honest I really pray on this thing to happen that bitcoin will be accepted by the government else where so everyone can be benefited by this fact of having less expense of money transfer and the all mentioned above.
 
That will be very good and we will feel the most lucky if the governments adopt bitcoin for their stat because with that act of governments everyone in the world will know about bitcoin at once and people from all over the world will adopt it within a day or two and the price at that instant will increase much higher.
drwtsn32
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January 26, 2017, 09:49:50 AM
 #396

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Should we really call it "misuse"?
Fiat is also used for gambling, porn sites, drug dealing, and other illegal activities.
Bitcoin wasn't named 'goodcoin', 'holycoin' or something that makes it required to be used only in good purposes.
We can't control people. I'm also not one of the illegal business owners. I just have accepted that it is only natural.
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January 26, 2017, 12:51:14 PM
 #397

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Should we really call it "misuse"?
Fiat is also used for gambling, porn sites, drug dealing, and other illegal activities.
Bitcoin wasn't named 'goodcoin', 'holycoin' or something that makes it required to be used only in good purposes.
We can't control people. I'm also not one of the illegal business owners. I just have accepted that it is only natural.

I do agree on this point, not only bitcoin but also fiat is also using for illegal activities like porn sites,drugs etc.But we can't really stop people from doing it unless government take steps.And I really became sad when I saw many peoples using bitcoin for illegal activities.It will cause a great harm on the spreading of bitcoin.
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January 26, 2017, 12:58:44 PM
 #398

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Should we really call it "misuse"?
Fiat is also used for gambling, porn sites, drug dealing, and other illegal activities.
Bitcoin wasn't named 'goodcoin', 'holycoin' or something that makes it required to be used only in good purposes.
We can't control people. I'm also not one of the illegal business owners. I just have accepted that it is only natural.

I do agree on this point, not only bitcoin but also fiat is also using for illegal activities like porn sites,drugs etc.But we can't really stop people from doing it unless government take steps.And I really became sad when I saw many peoples using bitcoin for illegal activities.It will cause a great harm on the spreading of bitcoin.
You should really accept these things since bitcoin does really have the feature on which i could really be useful on doing illegal things thats why some people would really prefer bitcoin because of its anonymity features. Bitcoin is really a great invention but it do have advantages and disadvantages.

.
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January 26, 2017, 01:12:14 PM
 #399

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Should we really call it "misuse"?
Fiat is also used for gambling, porn sites, drug dealing, and other illegal activities.
Bitcoin wasn't named 'goodcoin', 'holycoin' or something that makes it required to be used only in good purposes.
We can't control people. I'm also not one of the illegal business owners. I just have accepted that it is only natural.

I do agree on this point, not only bitcoin but also fiat is also using for illegal activities like porn sites,drugs etc.But we can't really stop people from doing it unless government take steps.And I really became sad when I saw many peoples using bitcoin for illegal activities.It will cause a great harm on the spreading of bitcoin.
Yes, I agree with you, Money In general terms ( bitcoin or fiat ) can used to buy everything you want, Legal or illegal things, we can't say that only bitcoin is used for trading illegal things ( drugs, porn accounts, hacking .. etc). Peoples use bitcoin to doing this things especially in darknet because bitcoin is more secure and untracked.
So, this shitty Thoughts, it hurts me, Unfortunatly we can't control peoples to use bitcoin for good things.

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January 26, 2017, 01:40:26 PM
 #400

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

Should we really call it "misuse"?
Fiat is also used for gambling, porn sites, drug dealing, and other illegal activities.
Bitcoin wasn't named 'goodcoin', 'holycoin' or something that makes it required to be used only in good purposes.
We can't control people. I'm also not one of the illegal business owners. I just have accepted that it is only natural.
You are right it is not bitcoin which have created these bad things with money but was existed from long ago. Good and bad people are available everywhere and they do their good and bad habits with whatever fiat they find we do not have to blame bitcoin for any of these things.
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