Are cryptocurrencies better than regular currency

[MintCondition]

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.

Yes, bitcoin has no boundary and will excel more than the other currencies, also cryptocurrencies have no exact value because of the active volatility. We all benefits on that.

I don’t really think so,  because anything  that has an advantage also has disadvantage. Yes,  bitcoin offers features that are way much better than what regular currencies can offer, but that doesn’t  place it on top,  because you will always need regular currencies in most cases than bitcoin

They have different uses and importance, regular currency is what we still need to sustain our living, yet cryptocurrencies is much better for savings that can secure our future.

[HasHe]

We have to face some difficulties when we try to use crypto currencies instead of regular currency widely.We could find still more people being illiterate in most countries who are still unaware of digital transactions and they don't have a credit or debit card.The only thing they know is fiat currency.More over,internet has to be widely available to use crypto currencies.But the best feature about bitcoin is is decentralized nature due to which still governments struggle to gain control over it.People holding crypto currencies are their own banks and they are not in need of banks for transactions.

[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.

I think it is still better if we all holding both currencies which are the cryptocurrencies and real currencies because in our time, there are still states and countries who are not yet operating and accepting bitcoin because bitcoin may not yet been established or been legalize into their country. Also those currencies have different usage with regards to different situation because both have different specialization when it comes to usage. So it is still better if we hold both currencies.

Maybe in the future you may have a choice to choose one or the other but at this time, we need to hold both it is almost impossible to live our lives without fiat, in my country I have yet to see a single business accepting bitcoin, so in less than a few days I will be hungry since I will not be able to buy anything with my bitcoin.

[ScriptDrop]

Government control isn't good for cryptocurrencies. However, you sometimes need a regulatory body to level out the price.

[Kriptex]

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.

I think it is still better if we all holding both currencies which are the cryptocurrencies and real currencies because in our time, there are still states and countries who are not yet operating and accepting bitcoin because bitcoin may not yet been established or been legalize into their country. Also those currencies have different usage with regards to different situation because both have different specialization when it comes to usage. So it is still better if we hold both currencies.

Maybe in the future you may have a choice to choose one or the other but at this time, we need to hold both it is almost impossible to live our lives without fiat, in my country I have yet to see a single business accepting bitcoin, so in less than a few days I will be hungry since I will not be able to buy anything with my bitcoin.

To answer the question, we should think it in different ways. For investment side, bitcoin is much better than regular currencies. It provides a nice profit for holders. For the usage, bitcoin is really poor and not valid everywhere like cash.

[Akash1243]

I think if we think about bitcoin in investment point of view then Bitcoin's are great but if we use it in daily uses then bitcoins transaction fees are pretty high for small transactions and time taken for confirmations can be annoying as it can take hours or minutes at least.Also that many countries hasn't been legalised bitcoins.And fiat being replace by Bitcoin i don't think so is possible at least not in a few centuries.

[gtglener]

I think if we think about bitcoin in investment point of view then Bitcoin's are great but if we use it in daily uses then bitcoins transaction fees are pretty high for small transactions and time taken for confirmations can be annoying as it can take hours or minutes at least.Also that many countries hasn't been legalised bitcoins.And fiat being replace by Bitcoin i don't think so is possible at least not in a few centuries.

That’s a fact, bitcoins are not easily going to replace fiat and there are numerous reasons behind this. Paper money is easy to handle and many people who hate technology, don’t like complicated digital methods for making transactions etc, they are not easily going to approve bitcoins for replacing conventional currencies. Indeed as an investment, bitcoins are better than even gold.

[arpon11]

In comparison bitcoin is better to be using as a mode of payment and store of value than fiat money or credit card. Bitcoin has a decentralized nature, transaction is fast, the fees is also very low and is good for the storing of value. The financial crisis we are having now is as a result of credit card and fiat money.

[Rana590]

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.

Crypto currency has both merits and demerits too. In our society crypto currency is not accepted by all. There are many people who are not familiar with crypto world. They know only real and fiat currency. On the other hand crypto transaction is very fast and fees is low. We can transaction with crypto world over the world.

[Hutalar]

In comparison bitcoin is better to be using as a mode of payment and store of value than fiat money or credit card. Bitcoin has a decentralized nature, transaction is fast, the fees is also very low and is good for the storing of value. The financial crisis we are having now is as a result of credit card and fiat money.

You have rightly said. There are very much aspects in which crypto currency is better than regular currency. I think both are better but in their own capacities. We cannot give anyone of them priority over other. This all depends on where we are making use of which money. Both have their own pros and cons.

[Sithara007]

There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.

[yndye]

There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.

We cannot just easily say that one has an advantage over the other because we have different aspects to choose from and only then we can decide if one is better than the other. If its usability of it then fiat is better than crypto because you can pay every one with fiat whereas you can only pay certain people/stores with bitcoin and there's not so many of them currently. In terms of anonymity, bitcoin is better than fiat because an address is just enough to transfer the funds without knowing the actual name and when you transfer funds to someone using fiat especially if its through banks then you need the information of the person.

[metenjean]

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 you're talking about anonymity then bitcoin has more advantage, however if we talk about being useful then i think regular currency already explain it in our daily activities, supposed you cant go buy grocery or going to local doctors and hope to pay them with bitcoin yet.

We cannot just easily say that one has an advantage over the other because we have different aspects to choose from and only then we can decide if one is better than the other. If its usability of it then fiat is better than crypto because you can pay every one with fiat whereas you can only pay certain people/stores with bitcoin and there's not so many of them currently. In terms of anonymity, bitcoin is better than fiat because an address is just enough to transfer the funds without knowing the actual name and when you transfer funds to someone using fiat especially if its through banks then you need the information of the person.

Its true that bitcoin has more advantage in anonymity, however it also increased the anonymity transaction which cant be defined and check regulary by banks, and i think that would be a big problem for government if they want to check any offshore transaction, not to mention money laundering or even money that funded and go to terrorists bank account. So i think that anonymity also become a double edge sword as why bitcoin can't be accepted by many countries, yet.

[aoihs00]

Yeah that true there is no barrier to age and anything. The crypto currency is really borderless currency which can reach anywhere in the world with just a click. No ifsc codes, no swap codes, no documentation and proof of blood relation is needed while sending the money from one country to another. I can just send whatever amount of money I want and to anyone they want it.


It has made everything easier as compared to traditional fiat currency. You can not use cash from one country to another and not even credit cards because they will get you heavy charges for using them internationally. If we start comparing or debating in both currencies then off crypto currency will win and will have biggest advantages as compared to fiat one.

[SHANTA]

Cryptocurrencies of money superior to anything consistent cash Cryptocurrencies have a bigger number of preferences than fiat. The main favorable position of normal money is that reasonable worth is more steady than the estimation of Cryptocurrencies. Yet, the rate of Cryptocurrencies expansion as far as its incentive now and again is way higher it's an advantage

[MMysterious]

I think we really need both of these currencies because one cannot suffice if the other lacks another. We could say as of now that cryptocurrencies are good now because of its current value compared to our regular currencies but how can you convert your crypto coins and spend them now without replacing your altcoins to your local currency? That's plain practicality, we both need the two.

[edward9953100]

cryptocurrencies are used online anywhere anyone countries 

[gyu22]

Blockchain tech entrepreneur and innovator Vitalik Buterin says that the current wave of cryptocurrencies may eventually become a part of the centralized financial systems that they were supposed to be protesting in the first place.
Buterin, who created the first Blockchain-based computing platform Ethereum, was at a local meeting of tech startups and tech individuals in Tel Aviv, Israel when he made the statement.

More: https://cointelegraph.com/news/cryptocurrencies-may-join-financial-system-they-fought-vitalik-buterin

[sukamasoto]

cryptocurrencies are used online anywhere anyone countries 

IMO, altcoin have many type and their advantage to attract new people for using their currency which I'm guess most people may confuse to select the best altcoin they want to use.
But if some big company start using altcoin, I think most people will select the same either for example  ETH are well known compare with doge although Doge's existense was earlier than ETH

[nidacoinlove]

Cryptocurrencies of money superior to anything consistent cash Cryptocurrencies have a bigger number of preferences than fiat. The main favorable position of normal money is that reasonable worth is more steady than the estimation of Cryptocurrencies. Yet, the rate of Cryptocurrencies expansion as far as its incentive now and again is way higher it's an advantage

well I think there are pros and cons of both fiat and cryptocurrency. Cryptocurrency is more convenient for the transfer of huge amounts while fiat is more convenient in order to on the spot payment for less valued items. In short we can say that cash or fiat is better for the petty expenses to pay and cryptocurrency to be paid for higher bills because on fiat you don't have to pay extra transaction fee while in case of cryptocurrency we are bound to pay the fee before a transaction occurs.