Basmic
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May 14, 2017, 01:22:32 PM |
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Cash is easier to use. In addition, they do not require Internet connection and are not tracked by the tax authorities. Not least the fact that they can hold in your hand and it creates the additional effect of completion of the transaction. Many people do not know what crypto currency.
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PhucS
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May 14, 2017, 03:01:00 PM |
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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. I agree with you about it. Cash appeared in the world has been very long, people have used so familiar cash. Bitcoin uses a technological background, It appeared almost 10 years ago, that time was only a small part of cash history appears, this can make people unfamiliar to use it, even some people do not even know Bitcoin. And as you said, if this is reversed, then Bitcoin may be more convenient to use
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pecson134
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May 14, 2017, 03:15:05 PM |
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Since physical currency like cash had gone a long way, one of the reason why cash is still better than bitcoins is that these physical money can be use or can buy in any stalls,establishments and even services. In comparison to bitcoins which is limited mostly on online shops and transaction thus making them unable to be used on smaller or certain local stores which is not yet supported by bitcoins.
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Taki
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May 14, 2017, 03:21:39 PM |
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Yes, cash is more useful today. But I think it is not for a long time. Digital currencies will be more popular in 5-10 years and like in 50-100 years the world will use only this and all operations will be provided through the internet. It will be era of cashless world.
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Preclus
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May 14, 2017, 04:00:07 PM |
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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
I buy groceries at a local store. A can of soup costs me $2 with tax. What fees to I pay to buy it? Cash: I pay no transaction fee and the transaction is anonymous. Check: I pay no fee. Debit card: I pay no fee. The company I bought the soup from pays a small amount but I don't see it. Because I don't see it and it is priced the same regardless of how I pay for the item, there is no fee. Credit card: I pay no fee. The company I bought the soup from pays a small amount but I don't see it. As the above, the price is the same regardless of payment. However, paying with credit card is different from the above because I am not using my money to make the purchase, I am borrowing the money from a bank to make the purchase. I can pay off the card at the end of the month and not incur a fee or I can pay interest to let the loan roll to the next month. I can also dispute the transaction if I have an issue with it unlike when I use the above methods of payment. And I can use a cash back credit card that pays me 2% or 3% back based on my purchases, effectively making the purchase 2% or 3% cheaper than any of the above options. Credit cards are by far the cheapest option to purchase things either in person or online because things are priced the same regardless of payment. Banks charge fees to people who borrow money and maintain a loan balance on their credit cards and they charge vendors, they do not charge the person using the card.
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Preclus
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May 14, 2017, 04:03:38 PM |
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Yes, cash is more useful today. But I think it is not for a long time. Digital currencies will be more popular in 5-10 years and like in 50-100 years the world will use only this and all operations will be provided through the internet. It will be era of cashless world.
It is already a cashless world. I don't use cash for anything, I use credit cards for everything. All my dollars are digital. My bank balance is just a number in a computer, when I use my credit card the transaction is digital and my credit card balance is automatically paid from my bank account, each month, digitally. My deposits are digital. I never use paper cash. In the developed world, all currency has been digital for decades.
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bitcoinvestor
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May 14, 2017, 04:07:31 PM |
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Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more. But in online market I found BTC to be beneficial and easy to use in many online stores and services.
I agree bitcoin is more secure than Credit card or paypal. Using paypal sometimes faces limit, limit makes me stressful because my balance is not useful. Bitcoin has no limit because the bank is myself.
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Eternad
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May 14, 2017, 04:07:35 PM |
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Yes, cash is more useful today. But I think it is not for a long time. Digital currencies will be more popular in 5-10 years and like in 50-100 years the world will use only this and all operations will be provided through the internet. It will be era of cashless world.
It is already a cashless world. I don't use cash for anything, I use credit cards for everything. All my dollars are digital. My bank balance is just a number in a computer, when I use my credit card the transaction is digital and my credit card balance is automatically paid from my bank account, each month, digitally. My deposits are digital. I never use paper cash. In the developed world, all currency has been digital for decades. There were still a lot of countries that were not able to use digital currency, few in a country might knew it but may not get the half of it, its true that rich countries doesn't need anymore paper money since they can all use it cards, paper cash and bitcoin may not be used depending on where we live.
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Sex Video Chat VKcams.com (OP)
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May 14, 2017, 04:07:56 PM Last edit: May 14, 2017, 04:43:42 PM by Sex Video Chat VKcams.com |
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I don't use cash for anything, I use credit cards for everything.
This is only about that You are cutted out from the things that are available for cash and You have no way to become them with CC. You have no way to transfer directly $20 to other physical person with CC.
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kpcian
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May 14, 2017, 04:37:30 PM |
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I agree with you on this point but I've some thoughts regarding it. If you say about transaction purpose then I would like to say that cash is better than bitcoin, but if consider about security purposes then i strongly believe that bitcoin is better than cash. So it depends, what's the purpose of using.
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zarintasnim
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May 14, 2017, 04:40:44 PM |
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Cash is better than bitcoin. There are maney reasons for this among then cash is accpeptabol of all over the world. You cannot hey food for bitcoin. There are maney countries are not accept bitcoin. They easily take cash. So cash is batter than bitcoin.
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slaman29
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May 14, 2017, 04:42:13 PM |
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Cash and Bitcoin are apples and oranges, yes they're both fruit but they're impossibly to be better than each other. Of course I prefer having cash around to spend, but I prefer having Bitcoin to store my precious "value" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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xvids
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May 14, 2017, 04:57:48 PM |
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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
Yeah this is totally right but bitcoin still have its benefits right, The price that is increasing insanely and to send it easily to almost all over the world.
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mobilezz
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May 14, 2017, 05:35:50 PM |
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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
Yeah this is totally right but bitcoin still have its benefits right, The price that is increasing insanely and to send it easily to almost all over the world. In occasion of the growing price - I agree. But about the easy shipment - no. Now there is a problem with unconfirmed transactions. This greatly hinders the use of bitcoin
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Palodar
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May 14, 2017, 06:13:53 PM |
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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
Yeah this is totally right but bitcoin still have its benefits right, The price that is increasing insanely and to send it easily to almost all over the world. In occasion of the growing price - I agree. But about the easy shipment - no. Now there is a problem with unconfirmed transactions. This greatly hinders the use of bitcoin unconfirmed transactions is the reason why bitcoin now having problems though we get happy by its massive increase but somehow it service gets affected in some way, hoping bitcoin can give both efficiently high value and great service , I may not use cash if ever happens.
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GetClams.com
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May 14, 2017, 06:15:30 PM |
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With 1000% inflation in Venezuela, I don't think they care about transaction fees. They have other problems to deal with.
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MingLee
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May 14, 2017, 06:21:11 PM |
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With 1000% inflation in Venezuela, I don't think they care about transaction fees. They have other problems to deal with.
That's an understatement. They have to care about basically everything needed to live right now and there is next to no wealth building potential for them since their country is failing to get necessities of life to them. At this point the rioting is justified because the Venezuelan government is failing to perform its function and it will rapidly experience social decline until the current governor is replaced.
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cotton ball
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May 14, 2017, 06:40:17 PM |
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I agree with you on this point but I've some thoughts regarding it. If you say about transaction purpose then I would like to say that cash is better than bitcoin, but if consider about security purposes then i strongly believe that bitcoin is better than cash. So it depends, what's the purpose of using.
In terms of world security, there's nothing better than the banking system because by paying savings tax every month we don't have to bear the burden of security alone and well guaranted, in this case cash is one step ahead, maybe your intention is security in terms of user profile which is anonymous so you are free to use it anywhere. In this case if you are accustomed to making profit online, bitcoin is better than any currency in the world.
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Sex Video Chat VKcams.com (OP)
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May 14, 2017, 07:21:10 PM |
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In this case if you are accustomed to making profit online, bitcoin is better than any currency in the world.
Show me, where is this profit in front of other coins.
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jovs
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May 14, 2017, 08:45:24 PM |
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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.
That is the point, there are countries where bitcoins can be used and there are countries that it cannot be used. Ofcourse in countries that it can be used bitcoin is considered one of there payment methods or can be option for them to used in anyway they want than countries who don't considered them will say that cash is much better than bitcoin. Right
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