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Author Topic: Why Cash is better than Bitcoin.  (Read 99323 times)
Jalum
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December 16, 2017, 06:19:25 PM
 #2321

Cash is better because you can easily use it to buy your needs anywhere in the country/world. You pay cash when you buy street foods, for your children's allowance, to pay for public transportations. People also are accustomed in using cash in majority of their transactions.
Bitcoin is much better to use because it's much easier to send to the people in Africa and other parts of the world without having to go out to a bank.


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megynacuna
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December 16, 2017, 06:26:30 PM
 #2322

Cash is better because you can easily use it to buy your needs anywhere in the country/world. You pay cash when you buy street foods, for your children's allowance, to pay for public transportations. People also are accustomed in using cash in majority of their transactions.
Bitcoin is much better to use because it's much easier to send to the people in Africa and other parts of the world without having to go out to a bank.

It's easier to send funds globally and not just the people of Africa so far as there are exchanges where you can withdraw them unlike fiat/ cash payment processors like paypal or western union and moneygram which have certain jurisdictional restrictions and huge transaction fees.
dustboy
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December 16, 2017, 06:28:41 PM
 #2323

Cash is better because you can easily use it to buy your needs anywhere in the country/world. You pay cash when you buy street foods, for your children's allowance, to pay for public transportations. People also are accustomed in using cash in majority of their transactions.
Bitcoin is much better to use because it's much easier to send to the people in Africa and other parts of the world without having to go out to a bank.

Yes but it requires more expensive fees compared to cash transfer so I cant say bitcoin is better but it is easier. I do not even think that cash and bitcoin is comparable as both are very different. If we should make a vote world wide, I'm sure cash will have higher vote because the number of cash user is still much more higher than crypto users.
angaper
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December 16, 2017, 06:37:20 PM
 #2324

Cash is better because you can easily use it to buy your needs anywhere in the country/world. You pay cash when you buy street foods, for your children's allowance, to pay for public transportations. People also are accustomed in using cash in majority of their transactions.
Bitcoin is much better to use because it's much easier to send to the people in Africa and other parts of the world without having to go out to a bank.

Yes but it requires more expensive fees compared to cash transfer so I cant say bitcoin is better but it is easier. I do not even think that cash and bitcoin is comparable as both are very different. If we should make a vote world wide, I'm sure cash will have higher vote because the number of cash user is still much more higher than crypto users.

Actually I think we should start moving the word "bitcoin" from this discussion to use the more generic term "cryptocurrencies", because bitcoin is currently no longer operative as daily currency, but that is not really significant because there are countless altcoins that have been designed precisely to complement the limitations of bitcoin, and from this perspective, it is certainly more convenient to use cryptos than cash, especially for those of us living integrated into the digital age.
Vik87
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December 16, 2017, 06:38:34 PM
 #2325

You can pay cash wherever you want
lance04
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December 16, 2017, 06:40:25 PM
 #2326

I think if there is one thing that cash is better than bitcoin that would be its physical substance. The money provides a one hundred percent assurance to the public because of its possess a physical substance which the bitcoin does not have. At the same time many countries in the whole world still considered cash-based system.
Maheshkumar_Hrangkhawl
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December 16, 2017, 07:00:42 PM
 #2327

Cash is better than Bitcoin because it is recognized as legal tender across the globe, while Bitcoin is not recognized as a legal tender by most of the nations. Also, cash is accepted everywhere, when compared to BTC.
coinfinger
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December 16, 2017, 07:21:45 PM
 #2328

Cash is better because you can easily use it to buy your needs anywhere in the country/world. You pay cash when you buy street foods, for your children's allowance, to pay for public transportations. People also are accustomed in using cash in majority of their transactions.
Yes you are right many countries don’t use bitcoin as method of payment system. But still bitcoin is better than cash because you can still do a lot of things with bitcoin online. You can buy anything. Cash is used for the purpose of buying things. So that we use bitcoin for that purpose. Bitcoin is better than cash in all aspects.
tomwalsh
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December 16, 2017, 07:29:28 PM
 #2329

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 keep telling people over and over again. Bitcoin is a digital asset more akin to a commodity than a currency.

Also you talk about exchange risk thats nit a problem with bitcoin you don't have to use an exchange, its just the way most people choose to use it.

janah
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December 16, 2017, 07:31:20 PM
 #2330

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
Because cash is acceptable worldwide unlike bitcoin there are some countries that ban bitcoin.
Not all stores/malls/stalls know about bitcoin thats why cash is better than bitcoin right now.
Cash is not comparable with bitcoin because if you dont have cash you cant buy bitcoin.
The advantage of bitcoin is transfer money to other country it is much easier than to go to money remittances.
chimcoin
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December 16, 2017, 07:44:57 PM
 #2331

In addition,while cryptocurrencies exist in a solely digital arena, cash is more tangible and physical. Alongside this, cryptocurrencies have a limited supply, whereas cash is unlimited with the government producing more coins and paper money when necessary. While Bitcoin and other cryptocurrencies are created by computers, cash currencies are issued out by the government. Interestingly, the value of cryptocurrency is not determined by the markets or government regulations in the way that cash are. One of the other reasons why Bitcoin is also making waves and capturing the attention of the world is due to the fact that it is not controlled by anyone or by any government, whereas cash are by various government.
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December 16, 2017, 07:55:16 PM
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 #2332

Soon paper money can be used in the toilet. And this process is already obvious to the disgrace. But it will not be soon. But you will see how the states will have a lot of money from their citizens, at least on the sale of plastic crypto-currency cards. Wink
emberbekas
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December 16, 2017, 08:08:17 PM
 #2333

Although bitcoin can give us a considerable advantage but the existence of paper money can not be ignored. Paper money will still be the most widely used payment tool. I'm not sure that bitcoin will be able to replace paper money in this case.

BlackRock
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December 16, 2017, 09:04:35 PM
 #2334

For fast transactions and with a long distance of course bitcoin will be superior. Saving money in bitcoin will also be safer and free. Because the bitcoin is decentralized and you can certainly use a lot of security to store your bitcoins

jdeanne92
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December 16, 2017, 09:10:28 PM
 #2335

Maybe its not yet bitcoins time. But it will come sooner or later. Bitcoin will probably surpass casg and could also be used as currency alternarive to cash in the future
BelieveInBTC
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December 16, 2017, 10:18:11 PM
 #2336

Cash is better only because there are no problems with accepting it beside the fact that there are many different currencies. If I had to choose between online banking and cash I would still use cash because it isn't controlled as much as banking system. Bitcoin partially solves the problem of being monitored. Everyone can create as many wallets as they want and it doesn't cost anything! Also, some people prefer to have their money in a physical form.

DassKass
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December 16, 2017, 10:34:14 PM
 #2337

What kind of cash? Bitcoin cash is nothing more than an attempt to usurp the king of crypto by a small band of pirates. It’s not ever going to be used by people who want to store their wealth in the digital currency.
jesusvs_dots
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December 16, 2017, 10:34:45 PM
 #2338

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

Nah cash is not better than bitcoin, is backed up with gold or supposed to be and we cannot verify that in public.
Stivenson
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December 17, 2017, 12:36:43 AM
 #2339

Crypto and cash have different advantages and disadvantages, in my opinion they can only support one another, but not replace each other. Cash is still more reliable than Bitcoin. It is still difficult to use Bitcoin in real life, but situation is getting better with time. Moreover transactions in cash are free of all fees but Bitcoin transactions charge very high fees so cash is better.
cherrymobile
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December 17, 2017, 12:42:55 AM
 #2340

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 cash is no fees than bitcoin but yu can get money for pay fees of you have a bitcoins so for me bitcoin is better because you can convert it into your currency so you can buy anything maybe the cash is not risky sometimes and you can buy this and acceptable for all store but bitcoin is the best for me just wait in the fututre.
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