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Author Topic: Why Bitcoin is better than banknotes  (Read 1187 times)
zhengqi
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September 04, 2018, 10:25:19 PM
 #301

Bitcoin and paper money has its advantages and disadvantages. In some case, bitcoin is good, in some banknotes. Many people do not know what digital money is and how to use it. But I think if they understood this, they would give an advantage to bitcoin.

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September 04, 2018, 11:12:56 PM
 #302

It's true that bitcoin offers better security than fiat notes. Transactions are more secure, transparent although not faster but hopefully in the coming years, transactions will become more faster.

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September 04, 2018, 11:21:29 PM
 #303

It's true that bitcoin offers better security than fiat notes. Transactions are more secure, transparent although not faster but hopefully in the coming years, transactions will become more faster.
Hope that too, bitcoin like in past they fast in transaction. So, dream for to be payment can be realized. If that thing happen, bitcoin is perfect to be anything include payment and asset.

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BitSat
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September 04, 2018, 11:29:51 PM
 #304

Compared to banknotes and that applies throughout the world we can shop using bitcoin in other countries and if we use paper money we have to exchange it in a country we visit but if we consider it from another perspective paper money is also better like in remote areas in rural areas and there is no electricity or internet then paper money is better than bitcoin so it would be better if we had both because currently both working for all around the world no one is better then other.
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September 04, 2018, 11:32:33 PM
 #305

I think that it is because there is no third party with the bitcoin and we can use it freely and we can control the use of the bitcoin not like in the banknote. Banknote can be faked by other people not like in the bitcoin you cannot fake it. It can easily hack but if you have handled your bitcoin carefully then it will not be hack to you. If you know how to protect your bitcoin then the value of it will increased. Not like in the banknote if you just keep it in the bank the value will not increased.  
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September 04, 2018, 11:36:01 PM
 #306

Both have advantages and disadvantages, but bitcoin is more reliable than the banknotes, so my opinion is bitcoin is better enough than banknotes !!!
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September 04, 2018, 11:48:04 PM
 #307

Bitcoin is better than banknotes, because bitcoin is more versatile and bitcoin has a futuristic system called blockchain. Bitcoin transactions are very cheap and can be done everywhere as long as there is an internet network. Therefore banknote gives us the sense of security that the money is in our hands and not others.
looking31
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September 06, 2018, 10:06:30 AM
 #308

There is no doubt that bitcoin is better than the paper notes in the sense that bitcoin is safe and it is independent of any external influence like the government especially its value and depreciation.because bitcoin has a pulling value for the demand. That's where the bitcoin benefits with paper money. I think the paper money will be replaced in the future.
and bitcoin will become digital money in the future later .
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September 06, 2018, 10:17:31 AM
 #309

Bitcoin is better at being money, at being currency, than other currency - because it is technically designed to be better at being currency.
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September 06, 2018, 10:25:18 AM
 #310

Bitcoin is simply and asset and not a currency.
Faysal Mahmud
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September 06, 2018, 10:32:32 AM
 #311

Overall, Bitcoin is much attractive & useful than banknotes, no doubt on that issue! But, sometimes banknotes are much available than the Bitcoin (for example)  in the 3rd world where internet & electricity is not available. So, both of the paper money & Bitcoin have its own individuality, advantage-disadvantage.
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September 06, 2018, 10:52:01 AM
 #312

For the first time bitcoin can not be falsified, the second time he has no borders, it is accepted by many countries that believe in the future of cryptography industry
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September 06, 2018, 11:01:41 AM
 #313

indeed bitcoin is more in demand by the public because it has several advantages of paper money. when transacting using bitcoin we do not need to spend a lot of time and are not burdened with high fees all very practical and economical.
wizardcrypto
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September 06, 2018, 11:10:57 AM
 #314

Bitcoin is better than bank note in so many diverse ways ranging from durability to accessibility. Bitcoin can use in remote regions of the world but there are still limitation for example in African and Asia continent more than 70% can operate computer or Android phone which Bitcoin make use of.

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September 06, 2018, 04:06:43 PM
 #315

In my own opinion, for some, especially owners of big companies, bitcoin is better than banknotes because it gives them convenience and fast transactions.For some that are not into digital money,they prefer banknotes,something tangible.
kamoto
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September 06, 2018, 04:31:33 PM
 #316

Well, currency in digital form is, in principle, more convenient. You do not need to carry a purse ... but only a card. You should not always count money when calculating. The system will do everything for you. Consequently, I do not see any reasons why banknotes are anyhow more convenient. Is that only electronic money can not be found on the street ... yes, it's very sad, but I hope people survive it)
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