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Poll
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 19353 times)
xuan87
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June 20, 2017, 04:40:39 AM
 #21

As a currency, crypto currencies still not as efficient as local currency, because there are still not many things that can be bought using crypto, but if you want to used it as global currency then it is very useful, the good side of crypto is it can be used as currency and also as investment, that is why more people will vote crypto currencies is better than usual currency

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June 20, 2017, 05:10:38 AM
 #22

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.
Cryptocurrencies are good because we can avoid those fees that are sucking our pockets when we are going to pay any banking service. And there's no need for us to submit requirements and information just for us to get confirmed with the transaction that we want to do by shopping online.

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June 20, 2017, 05:32:58 AM
 #23

Both have their own advantages. first, mining is the same as working so when you're using some sort of credit card then it's the same as using bitcoin, you'll lose your money for buying things. Credit cards mostly have a really strict rule in regards to which person is capable of using it because giving credit is like giving a loan, if someone can't repay it, the bank needs to make a movement to get this solved which also will make them spend their money.
By using Bitcoin you can send money to everywhere without any complicated requirements but seeing from its fee, not really an efficient way whereas banks offer the opposite, it's all up to you to decide though.


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June 20, 2017, 06:18:34 AM
 #24

Oh... I'm surprised I'm part of the majority of votes.

In the current state of our world, both have to co-exist for now. To get the best out of cryptocurrencies, we need to cash it out into fiat by some amounts in varying intervals. And if we are to get the best out of fiat, we need to invest in crypto during dips. Of course, I'm only stressing the relationship of the two currencies, regardless of other methods of obtaining such.

The world isn't ready for exclusively using crypto yet. It has to first take advantage of both, until for some reason it is no longer beneficial for fiat and crypto to co-exist.
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June 20, 2017, 06:26:35 AM
 #25

Honestly both have a factors on which we can use and i can't say which is better because we already use this in online as cryptocurrency and regular currency . Instead of comparing which is better it is best when we use both in our own use and thinking for its advantage both onlune and offline currency have a good sense of use.

       
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June 20, 2017, 06:55:39 AM
 #26

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.
Governments issue currencies are subject to a lot of laws and manipulation,  that is why we see the rich getting richer and the poor getting poorer. Bitcoin was invented to destroy this financial injustice and manipulation. Remember in Crypto currencies  you are your own bank.


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June 20, 2017, 07:17:18 AM
 #27

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.
This is not why cryptocurrencies are better. What you talk about here is current lack of regulation.
Do you think that in the future, when we will have, hopefully, massive adoption, minors will be able to use crypto to buy from merchants or use the services normally unavailable for them due to age restriction?
Kids can now use crytpo because there is not really regulation in place, we can use, create and do whatever we want with our tokens.

Mining of bitcoin is not really possible if you are a single miner. Other altcoins might be better to mine, but you can't use them directly as they are usually not accepted by any business.
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June 20, 2017, 07:29:13 AM
 #28

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.
Since this was truth in the last year or 2-3 months because currently the Bitcoin is not a good option to use for the practical life small small things to buy because we need to pay more fee ( of value 1-2$ atleast which is not a small amount for common man) .So here not everyone can loss his Bitcoin fee of 0.001btc or more for the single transaction .
At one side earnings of the Bitcoin became tough and another side the fee is increasing , so for small small transaction it is more better to use fiat instead of the Bitcoin .
But still if we have a payment option of the other crypto. like eth dash ripple dgb etc creva monero then we have a good option to pay because fee is  worthless in the last coin .
ETH is still having the fee of about half of the Bitcoin .
But we can make Hope that soon new improvement we will see in the Bitcoin and will use it for the payment purpose easily without tension of high fee .
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June 20, 2017, 09:57:04 AM
 #29

As a currency, crypto currencies still not as efficient as local currency, because there are still not many things that can be bought using crypto, but if you want to used it as global currency then it is very useful, the good side of crypto is it can be used as currency and also as investment, that is why more people will vote crypto currencies is better than usual currency

Exactly! Both crypto currencies and regular currency are actually better since they both have different use. In a third world country like mine you can't barely see any store that is accepting cypto so most of my fellow men are only using crypto for investment as of now since the direct use of it is still not available here.

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June 20, 2017, 10:13:44 AM
 #30

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.

Agreed. Credit cards are getting hacked and stolen everyday. Although some argue that they are covered by the security guarantees of each company, aka you can chargeback after finding your credit card statement filled with unauthorised transactions, it's still a long and costly process and sometimes you won't be able to prove that you did have a secure password, a secure pin, and your machine was secure.

I don't think that bitcoin mining is a big thing right now considering that the difficulty is just so high that it is completely unprofitable for anyone that is just mining at home. Pools of miners with extremely cheap hardware and electricity are the ones that are really contributing to the network hashrate, not at home users. But bitcoin's irreversibility and anonymity as you said is what makes it so much better.














 

 

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June 20, 2017, 01:39:26 PM
 #31

For me crypto currencies are better than a regular currency by means of online payment transactions. For example is when buying things online, instead of meeting up in an agreed location, the payment can be done digitally. Other people used their stored money in cards like ATM, Paypal and etc. but ain’t it more comfortable and less hassle if you have money stored online. Online wallets serves as storage for bitcoin and these just makes any online transactions faster.

Crypto currencies are suited for these kind of payments than regular currencies. There are also instances where your country’s currency needs to be more converted first to a specific currency like peso to dollar in order to perform a transaction.

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June 20, 2017, 01:44:17 PM
 #32


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.
It can be used by anybody. No age requirement as long as you understand how bitcoin works. It is easily earned for those who really understand what Bitcoin is. It helps for the ordinary people who have a determination and willingness to learn and to earn bitcoin.

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.
Yes, you are right! It is a big help for us. Bitcoin is the best of them all. We benefits a lot in bitcoin. It helps us in our everyday needs and helps us in our financial assistance.

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June 20, 2017, 01:49:23 PM
 #33

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.
Fiat will be above of all cryptocurrency because the cryptocurrency is not that adopted in the real world so basically not all people know and can use the bitcoin yet but in future I think that will be possible. Moreover the fiat is accepted in every part of the world just change or exchange it into the currency changer if you are in another country.


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June 20, 2017, 02:02:09 PM
 #34

If we will base on the things that a cryptocurrency have and the things that is capable of using then i can say that regular currency is left behind and cryptocurrency is better than regular currency because it is created because of the advanced technology and it can be used online which is the bridge for faster transactions and better flow of money in our economic situation.

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June 20, 2017, 02:27:34 PM
 #35

I particularly think we need both because they both have pros and cons and their pros can help us as mankind going forward so we can for instance just make a hybrid of them and have a single currency with both features of fiat and that of cryptocurrencies so that we can have both advantages in one.



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Rainbot
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June 20, 2017, 02:36:39 PM
 #36

Probably not, because in able to make a payment using bitcoin or other cryptocurrency the buyer and the seller needs to have a internet connection, and the price doesn't have a stable state so basically every time the price moves the price of the product moves too or it will lose demand or gain depends if its a price up or a price down, that means there will be no such thing such as suggested retail price in other words buyers can make more mistakes by buying a product.














 

 

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June 20, 2017, 02:50:40 PM
 #37

Each has got its own goodness. Right now being an cryptocurrency user gives pride, because now the users all around the world is very low and secondly the virtual presence gives anywhere access. With regular currency the usability is easier and the acceptance is high, so each based on their own convenience prefer it.

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June 20, 2017, 03:19:49 PM
 #38

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.
It seems not sure! The money in the credit card is still much better and more convenient. Need to be able to withdraw at that time, while bitcoin is so convenient? Although bitcoin can change your life much better, but to spend is hard!

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June 20, 2017, 03:38:06 PM
 #39

Well feature-wise, i think crypto has better features than fiat currencies. Imagine if we can run entire transactions using just crypto. It would make it faster and a lot more convenient for users. But in reality, though crypto can make it s lot more convenient, we can't live without fiat. Not yet. Basic transactions are not yet ready to be fully digital and we need to have real money in our pockets for everyday usage.

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June 20, 2017, 03:43:36 PM
 #40

Yes it is, and those who are saying no are either unaware of its proper use or may be they don't know how to earn it. No offences by the way, everyone has their views but come on bitcoin can not be hated after all these things it has given to us. Bitcoin is easy swift and can be used on many platforms without any hassle. For real bankers you have to go through hundreds of documentation procedure, check for the process again and again. I really hate that stuff and it takes lot of time. On the other hand bitcoin is making it easy daily, you just need a single address to send the money to desired location or person. No one asks you question and no will reject your transaction at any cost. Juts imagine that easy world, why would anyone hate it. I juts love it and yes it is better than other currencies for all the above mentioned reasons as well as all the things that it will bring to us in the future.


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