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Author Topic: Why Cash is better than Bitcoin.  (Read 91947 times)
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May 08, 2017, 06:27:34 AM
 #1

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

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May 08, 2017, 06:34:50 AM
 #2

Especially useful in places like Venezuela! (Coming soon to a country near you!)

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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May 08, 2017, 06:36:47 AM
 #3

ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't. I see no reason on why fiat is better than bitcoin.

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May 08, 2017, 06:38:07 AM
 #4

like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.

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May 08, 2017, 06:41:34 AM
 #5

ATMs and credit cards both have fees

For sure, they have fees, but people still use local money of Euro/USD for such electronic payments, instead of BTC.
The Business owners prefers not to have deals with BTC, or they are working with instant exchaingrs to avoid exchange risks.

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May 08, 2017, 06:42:04 AM
 #6

like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.

I never suggested such a thing. The thread is about cash. I was speaking about cash in my comments regarding Venezuela.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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May 08, 2017, 06:45:46 AM
 #7

I was speaking about cash in my comments regarding Venezuela.

Show me, if BTC is useful for food shopping there.

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May 08, 2017, 06:47:37 AM
 #8

I was speaking about cash in my comments regarding Venezuela.

Show me, if BTC is useful for food shopping there.

It seems we are having some communication barrier here. I never said Bitcoin is useful for buying food in Venezuela.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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May 08, 2017, 06:56:04 AM
 #9

There are many countries that don't accept bitcoin for technological or economical reasons, so bitcoin won't be the first payment choice there. Fiat is the only way for the bigger part of the world. It doesn't mean that cash is better, they're just not ready for bitcoin yet.
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May 08, 2017, 06:56:50 AM
 #10

I never said Bitcoin is useful for buying food in Venezuela.



In some occasions they use to exchange for BTC, but still they are using local cash.

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May 08, 2017, 06:59:35 AM
 #11

but still they are using local cash.

Sounds like something a slave would do.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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May 08, 2017, 07:04:30 AM
 #12

Especially useful in places like Venezuela! (Coming soon to a country near you!)
LOL yes this is quite true

OP you have missed to list unlimited inflation  Grin
cash is worthless in venezuela and it is quite unconvenient to roam around with cash in hand anywhere in the world.

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May 08, 2017, 07:08:13 AM
 #13


Sounds like something a slave would do.

They chose to exchange to other fiat but still not to BTC.
Something fit not with BTC.

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May 08, 2017, 07:11:35 AM
 #14

you have missed to list unlimited inflation  Grin


In this section people opt to another fiat cash against "ulimited" inflation, for avoid $/BTC exchange risks at BTC.

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May 08, 2017, 07:13:09 AM
 #15

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
All back again how people spend money with lifestyle. Sometime I've spend my money on best provider to do.
There's point just talking who's best like Talk about the advantages of 1 side  Tongue

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May 08, 2017, 07:16:03 AM
 #16

how to advertise on bitcointalk:
1. put what you are advertising in your signature
2. make some outrageous topic on bitcointalk to attract a lot of users coming to correct you. better if it is against bitcoin.
3. bump it up every time it goes down with more controversy.
4. have the delusion that you are advertising your thing in your signature.
5. get banned because of spamming.

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May 08, 2017, 07:26:18 AM
 #17

It is like you are asking a question like this .

Why water is better than food ?

1- Because water fill your thirsty 100% .

  - But there is another side if water is filling  your thirsty . food is the one ending your hunger Smiley .

Until the moment BTC can be printed out on coins . Fiat will remain > BTC offline but the other side is BTC is way > fiat    online . So it is totally 2 different sides .


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May 08, 2017, 07:28:19 AM
 #18

Cash is better as of now than bitcoin because cash is widely accepted and we can do transactions with it offline and also if we do individual money transfer, it is not that huge problem because the transaction is almost the same with bitcoin with just a higher fee. Cash is also fixed on its value so we don't need to worry about getting a loss in the value of our fiat.

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May 08, 2017, 07:33:30 AM
 #19

Absolutely agree with above-mentioned benefits of cash and I also agree that using cash in some places is necessity as the other party does not entertain any other mode of payment but there are some cons too,

* Can not use cash for international transactions (Ignore exchanging the currencies).

* Threat of duplicate currency notes (and even coins).

* Value is determined by the government. If the government says the currency note you are holding is paper then it's just a paper, doesn't matter if $10 is written on it or anything like that.

* etc etc

Yet there is no other option for cash yet in most of the areas.

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May 08, 2017, 07:33:55 AM
 #20

a lot of users coming to correct you. better if it is against bitcoin.

Mister, i was at the shop for food yesterday, i used to pay with the MasterCard CC.
They use to accept Cash too.

It's against Your Religion to check usability of BTC in allday's living?

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