[Graphic] Bitcoin vs. The Government.

[Meuh6879]

cool and simple image.

[uneng]

Full reasons to adopt bitcoin and left the old fiat. But we must say bitcoin isn't ready for a mass adoption yet. If a whole country starts using the crypto currency we won't be able to do all the transactions and it will be worthless like bolívar or any other currency like this.
Theoretically bitcoin is perfect, but on the practice we are facing some issues very imminent to be solved.

[cpfreeplz]

I don't get the last comparison lol. I can buy literally anything with a Canadian Dollar but I can't buy anything at all with bitcoins where I am. I can buy things online, but so can anyone in the world.

Lol kind of random but by the title I was expecting this to be a graphic post as in blood / gore hahaha.

[Meuh6879]

you problem is a bitcoin payment card ... not the bitcoin.
thinks must be paid with a plastic card ... for now.

so, you have Xapo and others solutions to have a plastic car linked to bitcoins.

[bravehearth0319]

Full reasons to adopt bitcoin and left the old fiat. But we must say bitcoin isn't ready for a mass adoption yet. If a whole country starts using the crypto currency we won't be able to do all the transactions and it will be worthless like bolívar or any other currency like this.
Theoretically bitcoin is perfect, but on the practice we are facing some issues very imminent to be solved.

When it comes to mass adoption, I agreed that not all country are yet ready for bitcoin, and bitcoin was not ready also for mass adoption to all countries. But honestly, for us being an enthusiast bitcoin is already a perfect.

[UDC]

would be better if they were more truthful rather than simply "cool"

[Mometaskers]

I don't know the technicalities since I still use an online wallet but they better fix the transaction time and fees first before this would be adopted as currency by any country. Right now it's mostly a store of value because of the fluctuating prices and I see people complaining that  they're not using their bitcoin because of the increased fee (has not affected me yet).


But yes, in theory it should eventually become a competitor for fiat when it comes to daily use. The only thing banks would be left with would probably loans.

[xuan87]

For now every I prefer to used and to invest in bitcoin rather than I invest in fiat, the one that makes bitcoin interesting is it doesn't had any inflation rate, not like fiat where almost every year the value of fiat keep falling down and bitcoin is better than fiat because it is a global currency so it makes us easier to send transaction all over the world, if there are more shop adopting bitcoin it will be perfect situation for bitcoin

[davis196]

I don`t understand the thing about "changes are made with users consensus"?
Nobody asked me about recent major bitcoin changes and nobody in the bitcoin community would care about my opinion.
Perhaps the consensus about major changes is between the btc developers and miners and not between all bitcoin users.
Anyway,bitcoin is a more democratic currency,compared to the central banks fiat dictatorship.

[Carlton Banks]

cool and simple image.

I like #4, "argent sans frontiers"

[Labumi]

ahahha, something that provides information that is best in my opinion. For all the superiority of bitcoin look clearly and also given an equivalent comparison with bitcoin. But until now I still doubt with the growth of the bitcoin, if we can't do something good then bitcoin can serve as a bad place (fedback negative). Because of the advantages in the large, and extremely bitcoin it could give a negative impact to those who do indeed compete with bitcoin

[SvenBomvolen]

Full reasons to adopt bitcoin and left the old fiat. But we must say bitcoin isn't ready for a mass adoption yet. If a whole country starts using the crypto currency we won't be able to do all the transactions and it will be worthless like bolívar or any other currency like this.
Theoretically bitcoin is perfect, but on the practice we are facing some issues very imminent to be solved.

That'r very right words. I also thing that bitcoin is not ready to become international payment istrument yet. Yes, it's coming to mass adoption, but too many things waits for bitcoin before to become so really. I think this year is going to be the best year in bitcoin's hystory - it will appear many new places that will start to work with bitcoin directly and the necessary laws of government's control will appear. And all of this will move bitcoin much closer to the mass adoption.

[jtipt]

A better topic for this thread would be bitcoin vs fiat. Anyways, it's nice infographic to show someone whom you are persuading to get into bitcoins.

[BingoDog]

Full reasons to adopt bitcoin and left the old fiat. But we must say bitcoin isn't ready for a mass adoption yet. If a whole country starts using the crypto currency we won't be able to do all the transactions and it will be worthless like bolívar or any other currency like this.
Theoretically bitcoin is perfect, but on the practice we are facing some issues very imminent to be solved.

That'r very right words. I also thing that bitcoin is not ready to become international payment istrument yet. Yes, it's coming to mass adoption, but too many things waits for bitcoin before to become so really. I think this year is going to be the best year in bitcoin's hystory - it will appear many new places that will start to work with bitcoin directly and the necessary laws of government's control will appear. And all of this will move bitcoin much closer to the mass adoption.

I would say that bitcoin already is international currency because it's used all over the world but it can't be fully adopted and used as fiat money and I agree there are many reasons for that. And governments regulation is getting stronger so we will see what will that bring to us.

[lottery248]

but you know the supply is capped and not be edited even if with the favour of users! at least government can barely control the bitcoin.

[SikatBray]

Nice image, ideal for newbies to understand Bitcoin as currency and how its different from ordinary ir fiat money!!
Bitcoin provides anonymity to users thus enmarking holder as true owner!

[Kprawn]

I don't get the last comparison lol. I can buy literally anything with a Canadian Dollar but I can't buy anything at all with bitcoins where I am. I can buy things online, but so can anyone in the world.

Lol kind of random but by the title I was expecting this to be a graphic post as in blood / gore hahaha.

You are missing the point of the graphic ..... It makes a comparison between Bitcoin and his local currency. {Bolívar} Most of the points there are

applicable to any government controlled currency, but more applicable to the Bolívar. The Venezuelan Bolívar is really taking a hammering and

compared to Bitcoin it is very bad.  Good Graph 

[Idrisu]

Bitcoin better than fiat because with bitcoin you can use your currencies were ever you are but with your local currencies one is limited to his country. If a currency is decentralized, the control of that currencies is taken from the elites, government and individual. If you want to make bitcoin then work for it.

[rivoke]

When goverment can't control bitcoin, they become more aware for this currency and can't legalize it easily as they must bypass goverment policy

Bitcoin better than fiat because with bitcoin you can use your currencies were ever you are but with your local currencies one is limited to his country. ....

Bitcoin just like currency plus it can be complement as investation as well so make sure that you save or spend it carefully as we know bitcoin value still high recently

[eternalgloom]

Too bad it isn't Creative Commons or public domain, the image could easily be adjusted or used for other currencies.

I think it does have greater impact now that it's specifically compares against the Bolivar, but it would be great if you could make duplicates with other fiat currencies.