Are cryptocurrencies better than regular currency

[betMaster]

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.

Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. 
In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .

[1714698060]

1714698060

[1714698060]

1714698060

[1714698060]

1714698060

[1714698060]

1714698060

[Zadicar]

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.

Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. 
In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .

Its not really useless even on rich people too knowing that theres no people have been selected on who would be the one to make use of it.As long we can able to make use on cryptos we can really send funds in a matter of clicks which is more comfortable compared into those money remittances.They do really have already a competitor when it comes to money transfer and im sure they are aware on the existence of crypto as of now.

[culuuton]

What will happen to the fiat currency if they all converted to cyptocurrency? It's quick, it's fast and you don't pay as much fees as on the other crypto markets.

[georgiyfo]

Bitcoins are greater than normal forex a hundred times. Bitcoin is that type of income that you maintain and you are assured that it can enhance its price above some several hours whilst paper income does not posses this kind of superb abilities.

[katiecbell]

Cryptocurrency is easy to use and more secure you dont need personal or other in formations in performing transaction it is better than a physical currency.. but physical currency are tried and tested in the long run and it use in many years. but the current state of our economy the regular currency is much better the the cryptocuurency in terms of 90% of people  or more than that don't know what is cryptocurrency are...

Cryptocurrencies are not better than the physical currencies. This is because they really don’t have any physical existence at all and you can’t use them if they are among the illegal ones without passing through the exchanger sites paying having fee for the sake of converting them into useful ones. The safety regarding digital wallets is also in question nowadays due to hacking, password mismatches and many other issues. Therefore, they could be considered as your property but not a better one at all.

[Surrapatt]

Cryptocurrency maybe better if viewed from the point of growth money have we invest. However, fiat remains better in terms of use, by reason of bitcoin hasn't been accepted many countries.

[romeitaly]

I believe we need both. Without cryptocurrencies, we cannot earn or save or invest money easily here in the internet, and many will have no jobs because some people depend on these. Without regular currencies or our own local currencies, we cannot use our earned bitcoins in daily life. Many are still not familiar with cryptocurrencies so they won't accept payments like these. Better to keep both because we need these two in making transactions.

[sulendra12]

I agree with post above me, you need both of them. Without regular currency, you even can't live till now because you need regular money to buy goods to buy your daily needs. Without cryptocurrency, you can't earn money like us doing right now. Both of them have their own pros and cons.

[h0lybyte]

In my opinion, i think both currencies are important in our regular economy.
Let's estimate degrees of bitcoin, it can be utilized anonymously, it does not leave any identification behind.
Bitcoin is a portable and acceptable worldwide while in comparison local currency can' be accepted outside the country without exchange.
 Both have equal importance but in qualities, bitcoin is leading over all currencies.

[Senja Kemuning]

Yes, in general it can be said that cryptcocurrency is better than a regular currency, the thing that is difficult for the government to accept is decentralization, maybe one day there will be a government that will make a special cryptocurrency to replace the regular money.

[andrei56]

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.

Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world.  
In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .

Western union was useful in the past but now with bitcoin, it is ridiculous to think their market model can continue for long, just look at old cameras, before smart phones they were everywhere and after the introduction of smart phones only professional photographers use them.

[georgiyfo]

Looking for what needs, for case in point, I translate my finals into regular currency, I do not pay out bitkoynom, then I feel paper money is now not replaceable, but in phrases of earnings, paper candy wrappers are the last century, the long term soon after the crypt

[Smokey Bob]

I think it can be a great evolution for the banking system, and many other services. The blockchain technology allows for many solutions that hasn't previously been possible without a middle man.

[RenBct]

Of course in the bank you only get 1%+ every year but in the crypto world you can get more than 500%+ within months or a year.

[Gozie51]

Obviously, users would tend to prefer cryptos more and the reasons would not be far from its exchanging value compared to paper money. Another reason is the decentralized nature which makes someone to use the coins from anywhere without being monitored or controlled. They are actually better.

[Sasuke102001]

We need both crypto currencies as well as regular currency to co exist at the same time because there are a lot  of transactions that take place through regular currency compared to crypto currencies.Also Many places crypto currencies are not accepted so it becomes mandatory to use regular money. So we cannot total say crypto currency is better than regular money as both type of currencies have their own advantages and disadvantages.

[arseaboy]

We need both crypto currencies as well as regular currency to co exist at the same time because there are a lot  of transactions that take place through regular currency compared to crypto currencies.Also Many places crypto currencies are not accepted so it becomes mandatory to use regular money. So we cannot total say crypto currency is better than regular money as both type of currencies have their own advantages and disadvantages.

if crypto will be accepted in the most useful system i'm sure it will be lesser expense for the government since they don't need to recreate fiat
money instead of digital currency but due to the fact that government will be hard to convince that crypto can act the same rule as fiat and
the decentralization would be the hard topic how government can control the digital money.

[artyo]

Yes and no. It is dependent on the use. In my impression, Bitcoin is not but all set for micropayments, but it is previously a much better way to maintain your prosperity.

[lienfaye]

It depends on what you want to use it for. in crypto you can send money fast with less fee compared to other remittance center particularly western union however crypto cant be use offline if you dont have gadgets or computer with internet. not all of us are fortunate to afford to have one. while regular currency can use physically in all you need. both currencies are different so we dont need to choose if we can use it both and enjoy the benefits.

[Hishand]

Yes since the person of cryptocurrency is even now not as massive as fiat, so this time is nonetheless better, but I'm confident one day crypto currency also will not be diverse from fiat since of regulation factor and application of taxation sector, I do not consider also much of this and trading as significantly perhaps to the limitations of foreseeable future specified crypto principles.