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Zigzagkuy
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December 14, 2017, 09:25:36 AM |
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Yes I think because cash is related to the bank. And also cash can be used to shop wherever and whenever. Maybe now bitcoin has not been used as a payment. But later may be a bitcoin as a legal means of payment.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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RakknRoll
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Activity: 336
Merit: 10
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December 14, 2017, 09:33:52 AM |
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because the money is needed by the person. why only the person in the bitcoin is only able to get the money because he also can earn it if he wants to post more income.
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Umar001
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Merit: 14
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December 14, 2017, 09:37:35 AM |
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Cash is better than bitcoin to some class of peoples, you can use cash everywhere, anywhere, every time, without accessing internet, average man who s on the street doesn't need bitcoin,what he needed is home currency to buy one thing or the other, so also to market women etc,
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maynguyen
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December 14, 2017, 09:54:43 AM |
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Although bitcoin is growing and it has many benefits for people but cash is still better than bitcoin because paper money is used in everyday life without the need for internet devices. When you trade with paper money, there is less risk than bitcoin.
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Serious475
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December 14, 2017, 09:59:07 AM |
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There would be a time that Bitcoin will remove cash in the world that we are living. But for me in these present times, cash is better than Bitcoin. First, cash cannot be hacked and it is up to you in what way will you secure it. In my country that I am living, Bitcoin is not accepted as a type of payment in different stores.
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Vishnu.Reang
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December 14, 2017, 10:01:45 AM |
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Cash can be used in many regions which do not have internet connection. The generation before us is not internet friendly, hence they prefer cash. Cash is also convenient to keep and use whenever you want without having to worry about internet connection. The acceptability of the cash is so huge that nothing beats it. Hence, it is impossible to compare cash and bitcoin. Still a lot of places in my country use cash instead of credit cards, let alone bitcoin. I feel bitcoin may work in urban areas but rural areas, till the sun is there, there will be cash!!!!
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Aljay7
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Activity: 156
Merit: 10
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December 14, 2017, 10:08:59 AM |
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Cash is better because we can purchase it offline,work offline,and its more popular in every country,but bitcoin is much better base in it's improvement.
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godrey123
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Merit: 10
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December 14, 2017, 10:14:34 AM |
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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
I agree with you on these one, I also want to add that people prefer hard cash because they are afraid to try new things. They doesn't want make a gamble in bitcoin. |
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ARTEM DA
Newbie
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December 14, 2017, 10:18:59 AM |
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yeah, bitcoin is usually unstable. need smth with usual price, that is not bouncing up and down, and good transaction fee and time of approval  |
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oginiimaoyani
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December 14, 2017, 10:36:02 AM |
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Cash and bitcoin both have their uniqueness be it widely accepted or not,both can be use for transactions dependingon the individual. so to me they are serving the same purpose because you can convert easily it you want to.
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wklt2002
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December 14, 2017, 10:54:12 AM |
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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.
I've never payed fees at ATM's or transactions with my bank, I believe at most banks you have a certain amount of free transactions every year (at least where I live) |
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Superturacoin
Jr. Member
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Merit: 1
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December 14, 2017, 11:15:34 AM |
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Cash is better than bitcoin it is because in our country, some people never knows about bitcoins and they are afraid to try new. Cash can be use everytime like food shopping . We all know that some of countries not legalized like in my country.
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zzz163519
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December 14, 2017, 11:18:02 AM |
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Digitalbitcoin
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December 14, 2017, 11:26:27 AM |
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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
Yes I think these are perfect reasons for appealing fiat currency while compare to bitcoins. But as we are talking for reasons to make fiat greater than bitcoin, above mentioned things are made for better experience to users by banks, their owner and supported networks. so, here fiat currency is important and necessary at grass root level as making transaction at domestic level where internet is not avail. Actually these are amenities offered by banks to its users to stick them with bank. But it doesn't mean that fiat is great than Bitcoin. Bitcoins was great. Is great, and will be more valuable in coming future. Believe it or not. |
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nick_nick
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December 14, 2017, 11:28:04 AM |
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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.
I also believe so. Bitcoin is not generally accepted in all countries for transactions due to economic and political reasons best known to them and hence has made fiat money the preferred payment choice. But that does not make cash any better than bitcoin |
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Rooster101
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December 14, 2017, 12:20:42 PM |
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yeah, bitcoin is usually unstable. need smth with usual price, that is not bouncing up and down, and good transaction fee and time of approval No doubt cash has more advantages when it comes to choosing a kind of currency that will be use in any kind of transaction. Bitcoin and other cryptocurrency are virtual money that can be use as alternative funds for investments, trading, transactions and others. Bitcoin is now more valuable than gold and it is convertible to highly favored cash, in short, bitcoin provides you cash. |
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ohzeih5n
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Merit: 10
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December 14, 2017, 05:01:01 PM |
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Cash always better than bitcoin but bitcoin is best payment system.
cash better inside one country. bitcoin better outside one country
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supercanada1
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December 14, 2017, 07:47:26 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.
I also believe so. Bitcoin is not generally accepted in all countries for transactions due to economic and political reasons best known to them and hence has made fiat money the preferred payment choice. But that does not make cash any better than bitcoin It is true but it is not good to make it happen anymore because bitcoin is good and it has more benefits than cash. I know bitcoin is going high in price and it is getting famous now but still a lot of countries are not accepting bitcoin. Bitcoin is making life easy and bitcoin transaction is now faster than any other currency, the other benefit it has is that bitcoin has a lot of features like tax payments and transaction is very easy and faster now. |
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WannaCry
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December 14, 2017, 07:52:19 PM |
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like Venezuela!
Show me, how BTC is used there for food shopping, seems it exist not. For me , cash is better than bitcoin because cash is usable for any transactions. Cash won't be needing any transaction fees unlike bitcoin. Cash is our major need for generations and I think that bitcoin can replace it that easy. Though bitcoin gives us high profit, I believe that cash is still more convenient than it no matter what. |
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hacker1001101001
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December 14, 2017, 07:52:59 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
Yes this all are the advantages of cash over bitcoin but they are just for now all of this will be overcome by bitcoin one day. Bitcoin will work offline and research would be made to do this. the fees problem will also be resolved when bitcoin becomes a global and legal currency. Food and shopping payment has already started in some places where bitcoins are accepted as a payment. All this will be overcome in the coming years i think and bitcoin will be also used by common people to do every day payments. |
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