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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)
SirLancelot
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October 07, 2017, 07:32:17 AM
 #441

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.
Comparing regular currencies to the cash is ridiculous, crypto is far better than casual money it allows you to trade free al across the world ad will give you huge blows of profit and this will be more fascinating thing of crypto that it is same for all users but casual currency is not same for all everyone is measuring richness according to cash quantity.
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October 07, 2017, 07:53:43 AM
 #442

Better or worse me personally less able to determine, the both of course have the advantages and weaknesses of each and i think the both are very needed by us. For the crypto currencies maybe its advantages there are on the system / characteristic that doesn't make us complicated without restrictions to transact as well as ease in transactions and indeed very private, it's just the value easily influenced by various things (not stable) and the governments hasn't really formalized it.

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October 07, 2017, 08:05:36 AM
 #443

Probably it's better than paper money because it's a universal currency. Everyone can have one and you can purchase whatever item available in bitcoins without ever having to exchange yout coins to some other currency of lower value. Cryptocurrency is better in a technological aspect and it's really convinient to have for a tech savvy person like me.

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October 07, 2017, 08:10:26 AM
 #444

In the future, if our society really turns to be a cashless, then cryptocurrencies will be better. But right now, its still good to have a physical fiat money. Because there are shops that prefer to be paid in cash specially in a country that doesn't have a good support structure for Credit Card and crypto. So we still need them both. Please banks would still exist eventhough we became cashless society. They will still act as middleman for every transaction if ever a cashless society is establish in the future.









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October 07, 2017, 08:17:01 AM
 #445

Yes, I believe cryptocurrencies are way more better than real money cause of their availability worldwide. You can use any cryptocurrency no matter which country you are in and this is a really huge feature for me because I live in a country where there are only local credit cards which allows you to buy things only locally , my country's credit cards won't work elsewhere so I mostly depend on bitcoins to pay for many services and products online. One other feature that I like is the fact that cryptocurrencies are decentralized so they are more secure than other centralized payment methods such as PayPal. If Paypal servers got hacked then you might loose your money but in case of cryptocurrencies that will never happen thanks to the wonderful block chain technology.
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October 07, 2017, 03:11:02 PM
 #446

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.
Comport has come, yes. We are really making some rest now a days. Everyone is getting into this bitcoin business and now things are more likely to be in control.

Services are being enhanced and we are all much easy to send any amount to any corner of country. For rich or for poor, I must say there is no term of useless.
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October 07, 2017, 03:43:43 PM
 #447

Knowing you can trace almost all cryptocurrencies, it would be amazing to have acess to where the money the country collects is being used for, currently those informations are kept with a few people wich use and abuses at prices for the services and products they provide. Crtypto world has becamed like a new world full of opportunities to make and earn money over trading, i dont see such potencial into fiat.
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October 07, 2017, 04:25:07 PM
 #448

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.
I think people mostly prefer crypto only for their more profitable value than fiat. There are so many other businesses like gold and silver trading and all that but why people are converting into bitcoin is of only one reason is to make more money. Plus as you said, there is anonymous behaviour for which bitcoins are most likely to be used.
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October 07, 2017, 05:18:49 PM
 #449

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 say that bitcoin is better than fiat for transaction, I won't agree. because bitcoin is a horrible transaction processor. It takes at least 30 minutes for a transaction to get confirmed. That's not fit for real world transaction. However, if you say that bitcoin is a better investment than fiat investment, then I will surely agree. Because the kind of return bitcoin can give no other real world investment will be able to provide.

   
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October 07, 2017, 05:28:50 PM
 #450

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 really think it is because cryptocurrencies are volatile which makes it profitable and worth investing. Unlike, fiat money, it's value if fixed and it doesn't increase or decrease a lot. Cryptocurrencies are better to use for any transactions. Doing transactions through cryptocurrency is more convenient.
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October 07, 2017, 06:43:44 PM
 #451

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 don't think that crypto are better than regular currencies as cryptocurrencies can't work offline and require Internet for their usage. Moreover transactions of crypto like Bitcoin require high fees which makes them unsuitable for small valued transactions.
Moreover, the market of crypto is not stable and is very volatile which makes their daily use a little difficult.
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October 07, 2017, 07:04:07 PM
 #452

Cryptocurrencies are not capable of instant transactions while fiat can. Also, it is not that popular yet so there are not too many shops that accept it as payment. That being said fiat has its own cons like it is affected by inflation and it is centralized. So I think no one is better than the other.
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October 07, 2017, 07:15:53 PM
 #453

Cryptocurrencies are not capable of instant transactions while fiat can. Also, it is not that popular yet so there are not too many shops that accept it as payment. That being said fiat has its own cons like it is affected by inflation and it is centralized. So I think no one is better than the other.
In my view both are better in their own areas as crypto creating too many chances for new devs and technology and fiat have his own impact we cannot ignore any one right now Crypto cannot replace fiat because most of time in real life we need instant transactions and crypto cannot do this for us
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October 07, 2017, 07:40:54 PM
 #454

The mostly used regular currencies like dollar or euro are issued and controled by central banks and every year they print more and every year it continue to los its value because of that.

So if you have worked 30 or 40 years and will live another 20 or more years you could be still depend on the government because the value you have created during your work time is vanished or mostly vanished.

Based on this circumstance, any other value storage system like crypto currencies are of course better.
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October 07, 2017, 09:30:51 PM
 #455

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.

We need both of it no matter what happens as it have their own advantages and disadvantages, Bitcoin is no doubt much better payment platform in paying money online as it have much faster and cheaper rates compare in our regular currencies but still we need our local Fiat money because for now not all establishments are accepting Bitcoins as a payment in exchange of their goods or services. And old people don't want to use modern technology of course and those children that can't yet read and write so Fiat moneys is still usable and efficient.



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October 08, 2017, 06:17:12 AM
 #456

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.
Sure, crypto is better in every way and may end up being the preferred currency, easiest way to make payments etc but I still believe we cannot do without both the bitcoin and the fiat.
Things will change pretty fast in the next few years of course, but for a more balanced community, it is normal to just have both keep moving on and let the users themselves keep deciding over time which they prefer better.
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October 08, 2017, 10:31:37 PM
 #457

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.
You point is fair at your view of explanation but in actual we need both Because both of them have a Big need in our life .
Here we can't make money easily without cryptocurrency , so here we can't ignore bitcoin like things easily , opposite of this we need fiat which are regualr currencies are big need of our life because every perosn in offline as well as in online can accept regualr Because they know that currency .
So here can't ignore either of them , and also I think that we should give importance for both of them equally Because these are also a better option to make earnings with each other . So here we should be positive with all types of different different things and platforms to make life more easier with maximum options .
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October 08, 2017, 11:15:27 PM
 #458

Bouth of them are needed, the paper and crypto coins. Bitcoin it's still young in financial market and it has to grow, to be more mature, the volatility skears wallstreet.
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October 08, 2017, 11:45:21 PM
 #459

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 some instances maybe yes. The better usage between those two type of currencies depends on the situation of where those can be fitted to be use. Both are useful and beneficial on different manner that is why bitcoin is better on some manner than real or natural currency and vise versa. For us to be able to cope up and avoid choosing between those two, it is better if we will have both so that we can have choices on different situation.

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October 08, 2017, 11:47:28 PM
 #460

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.
Sure, crypto is better in every way and may end up being the preferred currency, easiest way to make payments etc but I still believe we cannot do without both the bitcoin and the fiat.
Things will change pretty fast in the next few years of course, but for a more balanced community, it is normal to just have both keep moving on and let the users themselves keep deciding over time which they prefer better.
Bitcoin is better choice than all conventional currencies in all aspects it gives its investor ease to earn huge profits, can do transactions and can shop from everywhere in world while sitting at home here as cash money has stable price gives no profit to the owner, other currencies are confined to the region where as bitcoin is not confined to any region.
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