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Author Topic: Why Cash is better than Bitcoin.  (Read 99325 times)
bluefirecorp
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May 12, 2017, 03:45:52 PM
 #221

Both currency are good, BTC good for online shopping and local currency good for offline shopping
Yes both the cash and the bitcoin have its qualities in the usage. The cash is better for the local compensation of the goods or services received on the spot while the bitcoin is better for the online transactions of payment. It is most suitable for the far distance transactions where you don’t get easy access and want to save both the time and extra amount on the payment.

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May 12, 2017, 05:01:44 PM
 #222

Both currency are good, BTC good for online shopping and local currency good for offline shopping
Yes both the cash and the bitcoin have its qualities in the usage. The cash is better for the local compensation of the goods or services received on the spot while the bitcoin is better for the online transactions of payment. It is most suitable for the far distance transactions where you don’t get easy access and want to save both the time and extra amount on the payment.

In a technologically advanced country, there doesn't seem to be a significant difference between btc and cash in its use for daily needs. But in my country, cash is still much needed than bitcoin. In fact, very few people are familiar with bitcoin.
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May 12, 2017, 06:32:53 PM
 #223

Both currency are good, BTC good for online shopping and local currency good for offline shopping
Yes both the cash and the bitcoin have its qualities in the usage. The cash is better for the local compensation of the goods or services received on the spot while the bitcoin is better for the online transactions of payment. It is most suitable for the far distance transactions where you don’t get easy access and want to save both the time and extra amount on the payment.

In a technologically advanced country, there doesn't seem to be a significant difference between btc and cash in its use for daily needs. But in my country, cash is still much needed than bitcoin. In fact, very few people are familiar with bitcoin.

In my country, most of the people use only cash. They will not use other digital wallets to pay their payments. Now people are starting to learn how to use digital wallets. But I hope one fine day people will learn about this Bitcoin and people start to use it in daily life. As per now, cash is better than bitcoin in my country.
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May 12, 2017, 07:15:34 PM
 #224

People are conditioned to use them via years of commercials. Maybe they are on to something (commercials?)
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May 12, 2017, 07:25:40 PM
 #225

Majority of the people are still not aware about cryptocurencies like bitcoin. It becomes nearly impossible to spend bitcoins in day to day shoppings. There are no shops that accept bitcoins in my country/ near me. This is where cash has its advantages. Everyone uses it. No need for the transaction to confirm as you just hand over the money directly to the other person. Bitcoin has a great potential, what it lacks is the adoption by people.

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May 12, 2017, 10:14:11 PM
 #226

Hmm, ATM, credit cards and everything that is being offered by the bank is not for free, they are not going to operate just to give people free service.
Actually it is free service, in a sense that you are not paying money for your bank account or debit card.
Here is what the deal with banks look like: you deposit money in your bank and they can use that money to do whatever they want, most likely invest it.
In return bank allows you to access your account and withdraw money whenever you want.


Credit cards and ATM cards are not free, we know that there are registration fees, annual fees and other hidden fees that they won't disclose to their customers. So those banking services are already exposed to bitcoin users and that's why for us we love to use bitcoin because we can avoid those type of fees.

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Gens09
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May 12, 2017, 10:28:38 PM
 #227

Not really Cash atm is have a fee also for now cash is really better when it comes in many ways but we know when it comes to price rate bitcoins is great but in the future bitcoin we be better than cash and you can use bitcoin like a cash also.
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May 12, 2017, 10:36:33 PM
 #228

Not really Cash atm is have a fee also for now cash is really better when it comes in many ways but we know when it comes to price rate bitcoins is great but in the future bitcoin we be better than cash and you can use bitcoin like a cash also.
I agree with you, Cash is always good but i don't think that is better than bitcoin. Bitcoin is more valuable than any real currency. Nowadays bitcoin reach 1900$ which it's an amazing price. Really I am never imagine that bitcoin will reach this point in the middle of this year. So, personally, I don't consider cash better than bitcoin in different ways.

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May 12, 2017, 11:12:36 PM
 #229

People are conditioned to use them via years of commercials. Maybe they are on to something (commercials?)

Cash will be "good" only so long as there are no more financial meltdowns. When the US Dollar finally crashes, and it will crash, it will take all of the other fiat with it.  Then see who thinks cash is better than bitcoin.
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May 13, 2017, 12:37:16 AM
 #230

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
bitcoin is terrible for ransomware payments... "pay my ransom in funds that can be tracked on a public ledger"
still there are many issues related bitcoin, so for right now cash is better than bitcoin,
if we want use for daily transaction but bitcoin is good place for save values of whealty due to bitcoin's price
will be expensive in the future.

it will be expensive as it working to happen now, bitcoin value when I started is just less than the amount of it . Bitcoin can really be good for saving than pitting it on a bank and unlike our cash who doesn't grow on its own but in terms of usage ,our cash is definitely in need.

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May 13, 2017, 01:04:08 AM
 #231

You can hold your cash. You can assure that its in your hands. You can buy in stores that dont accept cards. You can save your money in any way you want like putting it inside a piggy bank or something. You can buy stuffs in garage sales and buy sell and anything like that
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May 13, 2017, 01:24:24 AM
 #232

Credit cards can be use in identity theft million of hack credit cards are being bought and sell in darknets and deepwebs even in surface web if your credit card got hack your life is screwed and hackers can easily hack banks with trojans and some exploits that's why their are billions data breach in banks, have you ever heard of bitcoin's blockchain being hack ?
ATM's as well as credit card has fees lol

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May 13, 2017, 12:48:29 PM
 #233

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.
Cash is mostly used because almost all stores only accept cash. So that's why cash is more important and more widely used than bitcoin. If the government receives bitcoin. Of course this will make many stores accept bitcoin. And cash will lose prestige
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May 13, 2017, 01:09:11 PM
 #234

Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.
Lol its true dude, if the government is willing to accept and legalize bitcoin. I'm sure bitcoin will be better and more widely used than cash at this time
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May 13, 2017, 02:35:33 PM
Last edit: May 13, 2017, 05:42:43 PM by Victorycoin
 #235

Bitcoin is good be used for illegal activities because it is anonymous there are no identity needed
when use bitcoin, so cash is better than bitcoin for right now due to many problem on bitcoin like this one.
Criminals Use Bitcoin Tumbler to “Clean” $645,000 Worth of Funds Stolen Through Banking System https://t.co/S4GPPnr5aV
That is obviously calling Bitcoin a bad name, so they would crucify it. First there was an insider, social engineering and wire transfers that did all the dirty jobs and Bitcoin only came in at the last stage to cover their tracks. The problem is certainly not Bitcoin nor cash, it is this creature called man, without the insider and as with many other stories on hacking, nothing actually gets to happen!  This what the concluding part of the story had to say:

Quote
All of this goes to show Bitcoin is not necessarily facilitating organized crime by any means. The scamming itself was done using traditional bank accounts, which were then later used to buy Bitcoin and anonymize it through a tumbling service. Although this makes it harder to recover the stolen funds in question, it is doubtful the water supply company would have been able to retrieve funds through the banking system either.
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May 13, 2017, 02:40:12 PM
 #236

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.
There is no thing that does not have fee. Because even money does have tax. And it is manipulated by the government so in some point corruption may exist. So like you i do not believe also on the point of fiat is better than bitcoin because in many aspect bitcoin can do thing that fiat cannot do. So I consider bitcoin as a form of my daily transaction. If i will going to choose betwwen fiat and bitcoin I will definitely choose bitcoin because it make transaction easy an it is reliable in many aspect. And it is also preferred on using it on investment because it price always develop or change.
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May 13, 2017, 04:33:32 PM
 #237

In my opinion, I think people prefer to use cash than Bitcoin because it's convenient and easy to use. Buying and selling food, goods daily with Bitcoin will be a little bit difficult because not everyone knows how to use Bitcoin to trade, and not every industry accepts Bitcoin. For cash is different, people use it easily to buy, sell, exchange, everyone knows how to use cash. And if you say they do not cost money, that's not true, both ATMs and credit cards need a fee
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May 13, 2017, 04:46:28 PM
 #238

In my opinion, I think people prefer to use cash than Bitcoin because it's convenient and easy to use. Buying and selling food, goods daily with Bitcoin will be a little bit difficult because not everyone knows how to use Bitcoin to trade, and not every industry accepts Bitcoin. For cash is different, people use it easily to buy, sell, exchange, everyone knows how to use cash. And if you say they do not cost money, that's not true, both ATMs and credit cards need a fee
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May 13, 2017, 04:59:26 PM
 #239

In my opinion, I think people prefer to use cash than Bitcoin because it's convenient and easy to use. Buying and selling food, goods daily with Bitcoin will be a little bit difficult because not everyone knows how to use Bitcoin to trade, and not every industry accepts Bitcoin. For cash is different, people use it easily to buy, sell, exchange, everyone knows how to use cash. And if you say they do not cost money, that's not true, both ATMs and credit cards need a fee
That's because we have a system built around fiat currency, and it makes sense that it's more convenient to use fiat because that's literally how the world economy regulates itself. If we had an economy built around Bitcoin and fiat was the "new thing" then we would find it to be more convenient to purchase things in Bitcoin rather than cash.
However, if you pay with cash, you don't have to pay fees.
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May 13, 2017, 05:08:33 PM
 #240

Bitcoin is good be used for illegal activities because it is anonymous there are no identity needed
when use bitcoin, so cash is better than bitcoin for right now due to many problem on bitcoin like this one.
Criminals Use Bitcoin Tumbler to “Clean” $645,000 Worth of Funds Stolen Through Banking System https://t.co/S4GPPnr5aV

Even for a moment we believe on this statement, can you please then tell us know as before the bitcoins was there were no illegal activity with cash ? Was the world free of illegal activities ? Even today are all the dealings with cash are legal and only the dealing with bitcoins are towards the fraudulent act ? No, My friend. Even Cash is used for illegal activities these days.

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