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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 19652 times)
Ewox
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August 18, 2017, 07:13:14 AM
 #221

Yeah I really think we need both especially for those living in the 3rd world countries. It is much easier for them to buy things they need.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 18, 2017, 07:21:08 AM
 #222

Yes, i think so. In cryptocurrencies i can transact easily, i can easily make fund transfer, i can also earn more but it depends on my hardwork and skills unlike with regular currencies even if i work patiently still there is a particular amount of interest that i will get from it and the interest that i can get is very small.

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August 18, 2017, 08:50:26 AM
 #223

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.

When we are talking on what is much better between cryptocurrency and regular currency, we cannot conclude it. They both have their own stand in our society. They both have pros and cons if we try to observe it. Crypto is not legal while regular currency are not. Aside from it there are a lot of differences between them.

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August 18, 2017, 09:11:15 AM
 #224

I don't think one is better than the other. Since they play different role in the society. Cryptocurrency is good, because you can use it for transactions online. But it has a disadvantage, not all transaction is online. Some are needs to pay physically. That is were the regular currency is needed. That is why you need both the cryptocurrency and regular currency.
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August 18, 2017, 09:18:07 AM
 #225

Of course they are, or I would not be here. What I think is the most important advantage Bitcoin has over regular fiat money is its privacy. I enjoy really much being able to not reveal what I possess and earn to the government or my bank. Privacy is an human right.
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August 18, 2017, 11:20:08 AM
 #226

However cryptocurrencies is digital money and both have advantages and disadvantages. not everyone can use digital money that must be connected to the internet for each transaction.
cryptocurrencies will continue to evolve in the future, and I think it's probably a user from year to year more and more, so it can be used by all circles.

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August 18, 2017, 11:54:56 AM
 #227

those made me realize we arent soo freedom as we think we are, even bein at crypto world, there are some risks
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August 18, 2017, 12:35:27 PM
 #228

those made me realize we arent soo freedom as we think we are, even bein at crypto world, there are some risks
Yes there are risks but those risks are worth to take because it will be an exchange for freedom which is decentralization from the cryptocurrencies that we will use where it means that no one can really dictate us and we are just keep on going with our will and also based on the good things and developments that we will get and applied in the future.
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August 18, 2017, 12:42:31 PM
 #229

those made me realize we arent soo freedom as we think we are, even bein at crypto world, there are some risks
Yes there are risks but those risks are worth to take because it will be an exchange for freedom which is decentralization from the cryptocurrencies that we will use where it means that no one can really dictate us and we are just keep on going with our will and also based on the good things and developments that we will get and applied in the future.
Obviously cryptocurrency is a lot riskier to invest in it is not like fiat currency in which a government can control its price by means of supply and economic growth. In cryptocurrency the advantage I see is we can be actively trading them because they are too volatile, the downside to this is if you don't know what you are doing you might end up losing money in the process.

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August 18, 2017, 12:56:05 PM
 #230

I think that the currency and the usual currency should exist together, these are two different directions. The usual currency is good to make small purchases, and the crypto currency can be used as an investment.

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August 18, 2017, 01:14:32 PM
 #231

I think that the currency and the usual currency should exist together, these are two different directions. The usual currency is good to make small purchases, and the crypto currency can be used as an investment.

Yes I agree, it's good if both of these currencies have the same legality, although of course there are differences in transaction but still have the same function and very useful for everyone.
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August 18, 2017, 03:34:57 PM
 #232

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.

In my opinion it's better currency than regular as we have a large base for viewers to take part in it and also to use it and use it in better ways
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August 18, 2017, 03:38:50 PM
 #233

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.

In my opinion it's better currency than regular as we have a large base for viewers to take part in it and also to use it and use it in better ways
But fiat currency is more stable than crypto currency.
A country will not be effective if it applies crypto currency into government.
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August 18, 2017, 04:01:40 PM
 #234

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.

In my opinion it's better currency than regular as we have a large base for viewers to take part in it and also to use it and use it in better ways
But fiat currency is more stable than crypto currency.
A country will not be effective if it applies crypto currency into government.
If they accept Bitcoin is new asset can saving and investing, the community will automatic make the price of Bitcoin stable.
But before stable price, Bitcoin will growth to very high price, even reach to $ 100,000/BTC is possible.
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August 18, 2017, 04:24:13 PM
 #235

I do not think bitcoin can beat fiat money. Maybe from a bitcoin investment perspective is superior but from the view as a means of payment of fiat money is more easily accepted by all countries. You can pay using fiat money anywhere. But not with bitcoin .. only certain companies or stores that accept bitcoin as a means of payment. Bitcoin is also a range exposed to a virus or hacker .. so you can lose your bitcoin on the wallet.

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August 18, 2017, 04:30:25 PM
 #236

I do not think bitcoin can beat fiat money. Maybe from a bitcoin investment perspective is superior but from the view as a means of payment of fiat money is more easily accepted by all countries. You can pay using fiat money anywhere. But not with bitcoin .. only certain companies or stores that accept bitcoin as a means of payment. Bitcoin is also a range exposed to a virus or hacker .. so you can lose your bitcoin on the wallet.

You can't compare bitcoin with fiat as currency instead bitcoin is better as investation rather than act as currency
For some reason bitcoin has an advantage , they can be use as transaction or as investation that's why people keep coming to understand how bitcoin really work
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August 19, 2017, 04:20:34 AM
 #237

No, cryptocurrencues are not better than regular currency.
Actually, everything has its own purpose.
I think cryptocurrencies ha e some differences than fiat that's all. Tongue
Bitcoin better than cash. There is not a single currency in the world that can boast of the absence of inflation. Bitcoin shows continuous deflation. Isn't that an argument in favor of crypto currency? If you are referring to the risks that Fiat is also exposed to risks.
I agree with you that bitcoins are hell better than fiat. There is no currency in the world that is totally risk free. Fiat does include risks as well. We are always robbed when we have paper money. It is risky to save money in your house. Bitcoins give you full freedom. They are less risky than fiat.

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August 19, 2017, 04:23:41 AM
 #238

Yes and no. It depends on the use. In my opinion, Bitcoin is not yet ready for micropayments, but it is already a much better way to preserve your wealth.

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August 19, 2017, 06:11:33 AM
 #239

Yes because the user of cryptocurrency is still not as big as fiat, so this time is still better, but I'm sure one day crypto currency also will not be different from fiat because of regulation factor and application of taxation sector, I do not think too much of this and trading as much possibly to the limits of future specified crypto rules.


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SpearTackle
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August 19, 2017, 06:25:13 AM
 #240

As Bill Gates stated "Bitcoin is the future and that it is better than currency", when cryptocurrency is having a higher conversion of currency than the regular currency in our country, and continuously patronizing millions of users around the world, then maybe Bill Gates is right. But if cryptocurrency became the most used than the regular currency, each of our country will not be benefited.
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