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Question: Are they better?
YES - 96 (38.2%)
NO - 25 (10%)
idk - 3 (1.2%)
We need both - 127 (50.6%)
Total Voters: 251

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Author Topic: Are cryptocurrencies better than regular currency  (Read 19354 times)
Crapz23
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June 19, 2017, 06:38:51 PM
 #1

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
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June 19, 2017, 06:41:26 PM
 #2

No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.

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June 19, 2017, 06:49:44 PM
 #3

It's unclear if cryptocurrencies can efficiently scale. Bitcoin has 246 000 transactions per day, and the fees are so high that it's really hard to justify using Bitcoin as a regular currency. Now, Visa handles 150 million transactions per day. So, today cryptocurrencies definitely can't replace regular currencies, it will only become possible after major breakthrough in their development as well as some new hardware. When costs of keeping distributed ledgers will be the same or very close to as keeping centralized ledgers, then crypto will have a chance in replacing regular currencies.

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June 19, 2017, 07:57:06 PM
 #4

I don't think that cryptocurrencies are better because firstly cryptocurrencies don't work offline and moreover the transaction fees is very very high which makes the use of cryptocurrencies impossible for small transactions. Transactions also are not quick and require confirmation time.
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June 19, 2017, 08:18:14 PM
 #5

I don't think that cryptocurrencies are better because firstly cryptocurrencies don't work offline and moreover the transaction fees is very very high which makes the use of cryptocurrencies impossible for small transactions. Transactions also are not quick and require confirmation time.

I guess you're not so accurate mate, because in cryptocurrency now you can use it in quick trading in crypto market and gain good profit as log as you have good analytical skill of trading. But if we see it into a regualar currency fiat money trading like buying stock using cash it may take a long days to see stock price movement and you can't have quick decisions to earn fast profit. Eventhough cryptocurrency is not so stable of it's price, it has an ability of soaring higher price and you should be smart always so that you can generate quick profit earnings.
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June 19, 2017, 10:19:41 PM
 #6

Firstly I believe that crypto currencies are better than fiat supporting the fact that there is no need of any credit institution. Secondly answering to people who speak about bitcoin I would like to mention that there are and other crypto coins. Therefore, the matter of limited bitcoin transactions surely is not the same in some alt coins.
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June 19, 2017, 11:14:21 PM
 #7

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
For me too bitcoin is far more better that any other currency no matter that is a fiat or crypto. because bitcoin is giving more benefits to us than any other currency. We have more benefits in it.

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June 19, 2017, 11:24:54 PM
 #8

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

Well, this argument is actually depends on various factors. Crypto currencies is better than regular fiat currencies in some way and vise versa. So I can't completely say that either fiat or crypto currency is better. Basically crypto currency has created a parallel economy which is not biased by gender, race, religion or age. It has given financial freedom to many people which our government failed to do.

Nowadays, many people are earning their living through the crypto currency. So it has helped the employment scenario as well. On the other hand the acceptability is still an issue to the crypto currencies. Still it is not accepted to many merchants and we resort to the fiat there. But it is true that, crypto currency is always better than having a credit card. At least you don't have to pay a huge interest to them.   

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June 19, 2017, 11:28:22 PM
 #9

Better or not, at least cryptocurrencies are an alternative. One of its interesting features is that make people more responsible about their money. With crypto you cann´t use your credit card to buy things with money that you will have to return later with interests. With crypto you can have more control of your funds.


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June 19, 2017, 11:30:32 PM
 #10

To reply this question we need more details. There are many cases that crypto is better than fiat money, and many cases that fiat money is better than crypto. If you want something that can't be taxable, crypto is the right address.
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June 19, 2017, 11:38:55 PM
 #11

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

No. Cryptocurrencies are good but it doesn't mean it can do all fiat works. There are basically advantages and disadvantages both fiat and cryptocurrencies so being better over the other is quiet out of the context. We can compare them on some things but no doubt there is still holes in using cryptocurrencies, same also with fiats.

I will just believe that cryprocurrencies are better than fiats if it can do all fiat related thing, same with fiat vice versa. But it's impossible for now. Just take advantage both of them than replacing one of them.

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June 19, 2017, 11:57:05 PM
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For me cryptocurrencies are better than a regular currency after all it is easier to pay with especially when a transaction is done online. Even if that's the case, we need both currency to survive because cryptocurrencies cannot be used directly to buy the things we need for our daily living, that's why we convert it into fiat. Because of this reason I choose We need both in the poll.

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June 19, 2017, 11:59:27 PM
 #13

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
If we compare bitcoin to the cash i think each of them have pros and cons, bitcoin is better than cash because bitcoin is decentralized while cash is better than bitcoin since cash is widely used, i might confess that bitcoin for now seems like it's not ready to be a currency especially if we adopt it globally and using it whether as online or offline due to the higher fee and long confirmation, but one thing that make it best is, it can't be taxed and controlled by the government like cash.

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June 20, 2017, 12:01:35 AM
 #14

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
Mining is not an easy thing to earn Bitcoin from without a sizeable investment these days, though. It requires a huge investment in order to start making money in any meaningful capacity and most people are even able to compete because of the cost of electricity in their locale. You also can use Bitcoin in less places than what you can get from credit cards, all CCs do is provide credit that you can use to buy sooner rather than later.

While not having age restrictions is beneficial for some users, there are some benefits to being older and understanding what is going on. But if you're smart enough then good for you. Not many people under 18 would be interested in something like Bitcoin.
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June 20, 2017, 12:05:57 AM
 #15

I don't think it's better yet, but in time it has the potential to be just as useful as all other currencies. Remember, this is all online and the upcoming generations will be more used to doing most everything online, so crypto should be a natural extension of that. Whereas us old fogies who grew up with cash only, not even bank debits, have a learning curve our younger counterparts do not.
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June 20, 2017, 12:37:07 AM
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I hope it shall be better than paper money but it seems this will take too much time. The current situation of bitcoin is not very good aganist real money because there are rumors saying bitcoin will face hard fork or conflicts.
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June 20, 2017, 12:42:12 AM
 #17

Cryptocurrency is better only if going to use in online transaction, it will be faster than using regular many in doing online trades. But the problem nowadays when using Bitcoin as a payment it requires a big amount of transaction fee so that it will be process fast. So in my opinion regular currency and crypto currency both have pros and cons depending on how you will use them.

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June 20, 2017, 12:47:23 AM
 #18

You meant crypto currency and not currencies right? because if you want to compare them to real regular ones then you'll see that you can't simply print them in your basement like all other coins than bitcoin. Those coins are just a bad joke made by some people with a bad sense of humor.

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aTriz
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June 20, 2017, 02:57:45 AM
 #19

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

In my opinion, I think we need both since the transaction fees with be probably too high of we just used bitcoin. There are also way less transactions with Bitcoin then compared to credit cards and other forms of payments.

I don't think we will be able to just use Bitcoin as our currency since it would be way to hard to just replace regular currencies with cryptocurrencies, it would have to many variables and it would just be painful to make the change. I think we need both of them to co exist since cryptocurrencies have really helped out ecomony, with providing jobs for heaps of people.

The big problem here is acceptance, with no doubt there are heaps of places that don't accept cryptocurrencies compares to the places which accept other forms of payment. How would we make all the shops accept Bitcoin as much as the shops that accept cash or credit card. This is the real question

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Gastotade
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June 20, 2017, 03:12:26 AM
 #20

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
If we compare bitcoin to the cash i think each of them have pros and cons, bitcoin is better than cash because bitcoin is decentralized while cash is better than bitcoin since cash is widely used, i might confess that bitcoin for now seems like it's not ready to be a currency especially if we adopt it globally and using it whether as online or offline due to the higher fee and long confirmation, but one thing that make it best is, it can't be taxed and controlled by the government like cash.

The best thing for me about bitcoin is that it cant act like out banks ,we alone can vontrol and manage it knowing that soon its value will increase and there no tax to less on our profit. Cash is only good for now since btc can't be used elsewhere since no establishments ,business accepted it yet as payment.

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