Electronic Money vs. Physical Money

[thet]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

Physical money, from the word physical, you can see, hold it physically, it is being used all over the world unlike with electronic money or digital it can be view, see but cannot hold it physically. We can used it with the use of internet or technology and can used it in  a very limited matters.

[aldrian09]

Electronic money is convenient to use because its hassle free while physical money is very limited for the reason that you cannot bring as big amount of money as you could because in some countries authorities will start asking you questions about the money you are bringing.

[aeternus]

Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.

I think both of them are same because both of them are money but bitcoin is a digital currency and other currencies are paper currency and I must say bitcoin is little better than paper money because bitcoin price is high than any other currency and it’s also easy to carry with yourself bitcoin in now available almost everywhere and the users are going to support bitcoin.

In that point ,bitcoin is really better than fiat currency. With bitcoin, people can move their wealth in a permissionless way using their individual sovereignty. Bitcoin users can utilize the decentralized currency for operations that are typically frowned upon by third party forces. This includes online storefronts selling pornography, illicit drugs, and other black market activities. Cryptocurrencies can also be used to avoid taxation as it leaves the decision of reporting to tax officials up to the user.

Most of the uses you state for bitcoin are not really recommended, after all most of them are illegal all over the world, but with bitcoin we can do all the regular things we can do with fiat with the advantage that no one in the world will be able to take our coins away from us.

[Naughty Princess]

Electronic money is convenient to use because its hassle free while physical money is very limited for the reason that you cannot bring as big amount of money as you could because in some countries authorities will start asking you questions about the money you are bringing.

Right. Electronic money can carry anywhere without suspecting that you have that amount on your hand. It is accessible and can get anytime you want but needed to convert it unless the store where you have to by services or goods accept the electronic money. Fiat is always needed because not all enterprises recognize it. And it will be also hassle to change it into fiat when you really need it because there is a chance that the exchange rate is low.

[Cherylstar86]

We all start to use digital money starting from debit-credit cards. This was the game changer in economics.
Peole love to use debit-credit cards. When POS system distrubuted for bitcoin and altcoins then we will see that bitcoin will defeat other digital money systems.

Yes and how long will that take? That would take for another 20+ years to take place. People who are used to standard money will surely speak against it, from their point of view "why fix something that isn't broken" so there would surely be a backlash if they go all out. The replacement is sure tho the implementation is the problem.

I'd rather choose both because they are all important for me. If I don't bring any physical money I can use my wallet via electronic and cost me less than a time of getting my cash back home. The advantage of having physical money is you can easily buy what you see in a particular place rather than in electronic money which you have to find a place where internet connection is needed. All in all,both are important,useful and very handy in terms of weight and profit.

[corybrackett]

We all start to use digital money starting from debit-credit cards. This was the game changer in economics.
Peole love to use debit-credit cards. When POS system distrubuted for bitcoin and altcoins then we will see that bitcoin will defeat other digital money systems.

Yes and how long will that take? That would take for another 20+ years to take place. People who are used to standard money will surely speak against it, from their point of view "why fix something that isn't broken" so there would surely be a backlash if they go all out. The replacement is sure tho the implementation is the problem.

I'd rather choose both because they are all important for me. If I don't bring any physical money I can use my wallet via electronic and cost me less than a time of getting my cash back home. The advantage of having physical money is you can easily buy what you see in a particular place rather than in electronic money which you have to find a place where internet connection is needed. All in all,both are important,useful and very handy in terms of weight and profit.

Yeah i agree , the physical money is using to pay for our needs daily and the electronic money is for investing and earning profit from projects.

[shield132]

Why to versus them? Use one in virtual world and second one in real world. Still can't underdtand why these people look bitcoin like currency from another world. I still prefer using visa/master cards or physical money. Why to use bitcoin which is very unstable? Everyone says lets hold bitcoin and get profit. If everyone will hold, how will it riee? What makes it to rise? It's not automatic mechanism and we make it's price so holding of bitcoin means death of this coin for me, if we want alive one, we have to use it more widely. Can't logically see any versus here.

[overstock]

Bitcoin is not like physical money, which will cause inflation. But it will cause serious deflation.

[NelfiNovita]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

the difference between physical money and electronic money (bitcoin) is that if the physical money we can feel the shape and have a low value, while the electronic money (bitcoin) we can not feel and have a high value. but now people are still using physical money more than electronic money.

[marcbitcoins]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

For me electronic or digital currencies are mostly to be use for investments in which electricity,internet and digital devices are must  needed so that electronic money will work, lacking one of these will make your transaction will fail unlike fiat or paper money which is a phiysical money can be easily and most conveniently to use that even children and elderly can use fiat instantly.

[shi07]

Bitcoin is a digital money that is mostly used in online or electronic transaction like online purchases, paying bills electronically but most likely bitcoin is used as an investment due to its high value while fiat is a physical money in which you can use instantly and mostly accepted in any stores.

[shawn995]

We all start to use digital money starting from debit-credit cards. This was the game changer in economics.
Peole love to use debit-credit cards. When POS system distrubuted for bitcoin and altcoins then we will see that bitcoin will defeat other digital money systems.

world is developing with a very fast rate and in this development now in many countries mostly the physical money system is reduce because there are alot of problems facing in physical money while the usage of electronic money is very easy and secure also. In future world are trying to change physical money to electronic money totally.

[0t3p0t]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

The difference between digital money and fiat money is very simple. Aside from using different technologies electronic money is a digital asset whilefiat money is a physical asset. Digital money such as cryptocurrencies are decentralized while fiat money is a centralized form of  asset. Digital money is only used online and or with the use of an electronic device for transactions like computers and mobile phones. Fiat money is the one that we are using in our daily lives used to buy and sell goods and we can touch it physically. Both assets has different purpose of existence and technology. For me having both assets is a good idea for us to survive and have a better future in this world.

[thunderbitz2717]

Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other. 

Bitcoin is one of the electronic money, unlike physical money can only be use in any public business  places even in any malls. While Bitcoin can't be used in public most often but can be used most of the time in online. However, Bitcoin volatility was very agrressive, and bitcoin is a form of business or investment assets unlike in physical money.

[poldanmig]

We still need physical money since the electronic money needs some internet access. There are still countries that lack internet access in some places in third world. In order for the electronic money to implement worldwide, then we need to solve the lack of internet access in poor countries. The world needs to develop in order to adapt the digital market. Today, we still need to use physical money in order to fully develop the new marketing system with the use of electronic money.

in this case physical money is still needed for us, because the physical money is already synonymous with the development of the country and will not be invincible by anything.
although the development of the era is increasingly sophisticated, but physical money will not be replaced.

[misterj]

Of course there is advantages and disadvantages on both side. In my opinion, in electronic money such as bitcoin and altcoins, its advantages would be its capability to provide to anyone, like children, students, employed, unemployed, and elderlies. The disadvantage of it would be the people who do dirty things to earn it in easy way such as hacking, spamming, stealing, and many more. While in our physical money, hardwork, job, or luck is needed to earn such which only few could have or obtain. The advantage of it would be that it is accepted in our place means that it is legal and known by everyone around.

[Ratasya727]

In the end, the electric money will be broken into the original money, as needed. Because not all shopping or transactions use electric money.

[mifanmuzny]

Electronic money is the future fiat is extinct already....

[trecore4]

I think there is no point in comparing these kind of currencies which are completely different. According to me bitcoin is not really a currency but is asset or value store coin. Giving the facts like that I believe bitcoin as currency is still a dream because we are not able to use it in the real life as we would do for a fiat currency. There is no way to spend it offline because it don’t have physical form. However if we checkout the fiat currencies then we can use them both in physical form as well as over the Internet as digital form. I believe thats sufficient to get an idea how they differ, a lot from each other. Im really hoping we see the day when bitcoin juts pumps itself a lot and then government allows us to use it in offline mode by printing it, or some other advance means. 

[btcmayumana]

however, I like the electronic money, but yet can 100% believe in its fullest save money in electronic form.
While fiat is a money model that we have long known and common in society, accepted also in all types of trade, so it is not objective if must compare both.