Are cryptocurrencies better than regular currency

[EXtremeAEX]

There's a huge debate here --> Cash Or Bitcoin, and the results at the moment are at a standstill of 78% agreeing that cash is better than Bitcoin! I agree with people who say Cash and Bitcoin are two different things and cannot really be compared.

I treat Bitcoin as an investment, not really a currency, as for it to be a currency, it has to have low fees or even none at all, instantaneous transaction times, which is also argued in the link above.

As such cash is still better than cryptos for regular use, but cryptos indeed have the potential in the 'digitalizing' world today.

[Malsetid]

Bitcoin is better only because you can make money on its growth, but where there is no internet it will be completely useless.

In terms of features, crypto obviously has better festures than regular currencies. Though for usage and accessibility, crypto still has a pretty long way to go since it's restricted by internet connection. Though these times are becoming more and more reliant in online connections, majority of the people would still find regular currencies easier to ger access to compared to crypto

[angaper]

Starting from the fact that the cryptocurrencies were born with a prior planning and based on mathematics, codes and algorithms practically infallible, at least theoretically cryptos seem to offer a more efficient and fair option to distribute the wealth, nevertheless in practice we have seen that certain failures that may compromise their efficiency and security may still occur. Much work needs to be done on these issues to ensure the efficiency of transactions, but an equally important challenge would be to work on making this technology accessible to the most vulnerable social sectors.

[hurain]

Cryptocurrencies are better than traditional currencies in the sense that some of them have additional features. Eg. being able to be used as store of value due to their deflationary nature.

They are worse than traditional currencies by being much more volatile which is something you definitely don't want from your day-to-day currency.

yes no doubt that crypto currencies are more better than traditional currencies, it is new and modern generation currency which can be use for a lot of purpose, we can use it for online online purposes as well as can also use it in offline shops. but this facility is yet not available everywhere.

[Amph]

well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency

sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid

unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value

[Qartersa]

well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency

sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid

unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value

Also, value is relative. Hypothetically, what if the prices of bitcoins remains the same in terms of its USD equivalent, however the USD depreciated in value for example before a dollar can buy you a hotdog but now it cannot and you need 5 usd to buy a hotdog. Technically, the value of bitcoins actually went down as well.

Here we can see that the value of cryptocurrencies will always be linked to fiat.

[BunnyShibe]

well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency

sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid

unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value

yes that are very rare case that the value of a stat currency fell down so much. it can only be possible if a start is in war like situation or the economy of a country totally failed, but that are very rare. we can consider bitcoin better than fiat, that bitcoin has the opportunity to use as equal currency through out the world and secondly we can use it anywhere in the world as it not a regional currency. bitcoin in fact currency of the future and in future its use will increase more and more.

[Sled]

Crypto currencies are of course better than fiat money systems because most people can create crypto currencies by themselves, while the creation of fiat money is limited to banks and you need a license from the government and must have some millions to get one.

Fiats and the cryptocurrencies has a lot of difference in their features and so on because they are created for different purpose. If bitcoin or any cryptocurrencies is like the supply of fiat then we don't need fiat anymore but the downside of cryptocurrencies is they are limited so they are not capable for worldwide usage but overall it is still better than most of the fiats.

[culuuton]

Crypto currencies are of course better than fiat money systems because most people can create crypto currencies by themselves, while the creation of fiat money is limited to banks and you need a license from the government and must have some millions to get one.

Fiats and the cryptocurrencies has a lot of difference in their features and so on because they are created for different purpose. If bitcoin or any cryptocurrencies is like the supply of fiat then we don't need fiat anymore but the downside of cryptocurrencies is they are limited so they are not capable for worldwide usage but overall it is still better than most of the fiats.

There are many properties that a currency is judged by. It's better than cash because you can do this over the internet.

[hajimasan]

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.

Here my final opinion is that we need use everything because with btc or other altcoin can not make our life full of the use in our own ways , we don't need only particular thing , but we need everything in every way to use our money .
Just think you have Bitcoin or other coin then , you can't use it for every place because not anyone will accept .
but if you have fiat then everyone will accept .
And if you will ask this thing in opposite way than you will find that in the international level not everyone will accept your fiat but most of them can accept Bitcoin .
So both have Thier own significance at Thier own place and we can't judge these two that which is better .

[ecnalubma]

No, current currency are still better than cryptocurrency. Cryptocurrency nowadays are like commodity except for bitcoin because it is already circulated. Current currency are still faster than crypto,just saying.

[adzino]

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash. Plus, it's open to all ages unlike credit cards.

Duuhh... how do you get your bitcoins? You need  to buy them first. So you are still spending cash, but using a different medium. I usually ignore stupid posts like this, but the level of stupidity on this post is too damn high to ignore.

could easily earn back from mining.

Lol. Do you even know what you are saying?

[anneiS_02]

Cryptocurrencies, Bitcoin for example, aren't linked directly to the laws, rules or regulations of any government, corporation or bank. The interest rates, fees and surcharges you may have to pay on your bank account or credit card in no way effect your cryptocurrency.
Digital currency affords its users complete anonymity.
Accounts that hold traditional currency can be garnished or frozen completely, the latter means the holder of the account has no access to the funds in it.

[SHAWN-MIDWAYS]

We need both cryptocurrencies and regular currencies as they both have their advantages and disadvantages depending were we need to spend them. I simply see it as crytocurrencies are mainly for only business and then fiat makes in person business easy to use

[Potato Chips]

In some features cryptos are better than fiat and vice versa but as of now fiat completely dominates cryptos in terms of the number of users and popularity.

this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create

more opportunities like for example it created another way of trading.

[xypos]

In some features cryptos are better than fiat and vice versa but as of now fiat completely dominates cryptos in terms of the number of users and popularity.

this question has been asked a countless times and honestly superiority is not a problem to me as long as cryptos keeps improving because their coexistence can and will create

more opportunities like for example it created another way of trading.

This is because bitcoin currently have no real publicity.

Even though that there may be some media outlets covering bitcoin there is simply not enough for people to understand what crypto really is, what it standns for and why they should switch from using fiat to crypto.

Crypto is definitely better than traditional fiat currency. There is no doubt about it at all. Decentralization, limited amount of coins, anonymity and fungibility. The ignorance of the public and blindly trusting in the government is the reason why bitcoin hasn't taken over as the world reserve currency] yet.

[zedicus]

I think its not,bitcoins has no competetion against fiat currencies and regular currencies,bitcoins is just based on real and regular currency when it is launched no regular/fiat currency no bitcoins will be created

[Bee Leb07]

Nope, we need both cryptocurrencies as well as regular currency. The use of cryptocurrencies are valueless without the use of internet. Rather than regular currency is always available. So, if the cryptocurrencies become the legal one in the economy then it can be better one one day. Otherwise, there is no guarantee of it that either we can use it safely or not.

[syaripudin]

I do not think so. Just think if we can give street singers with bitcoin. Of course not so fiat money itself is still in need. Only bitcoin much in interest because of the investment value is very good in the future

[andrei56]

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.

Bitcoin is different, so it depends on each person to decide in what circumstances to use bitcoin over fiat, bitcoin is great for payments online but at the moment there is not much you can buy with bitcoin in a store and even if bitcoin was accepted there, the confirmation times can be very slow.