Why Bitcoin is better than banknotes

[angelakrasnova]

personally it is very convenient for me to send money to my friends in other countries! they get them very quickly and the commission is cheap! That's all it says! Bitcoin is a new digital money. We all still live in the digital age ?!))) bitcoin is rapidly moving and developing the entire world economy! Paper money gradually goes to the background, after bitcoin.

[MalcolmBee]

In the past week three major banks and the tax authority in the Netherlands were victims of DDos attacks, resulting in loss of service for quite some time. Do decentralized networks such as Bitcoin's blockchain provide better DDos protection.

[svetochka.yakovleva.93]

the world is changing rapidly and there is a very fast exchange of information! now between people, companies and countries has grown very much tougrow! you need to quickly exchange between each other! on this bitcoin and crypto coins are very interesting - with their fast and cheap transactions.

[Botolam271]

I think Bitcoin is better than paper prices because it can be used in all countries where Bitcoin is not connected to the currency system in each country, it helps everyone to transact using Bitcoin

[Panetymerni]

You can't falsify Bitcoin, you can't rip it in half, you can't print it endlessly. These are the best arguments I can find that are pro Bitcoin.

[Rustandy]

1. Decentralized, Bitcoin is the currency in which the distribution is not regulated by any central bank. Thus, no one can cross the price. Although not officially reagulated.

2. No Transfer and Storage Fees, Bitcoin is not a corporation or business entity. Bitcoin users are not charged any fees, including when making transfers or just saving money. That's because, Bitcoin is an open source technology that can be enjoyed by everyone, no matter who and where they are. In contrast, conventional currencies are tightly regulated by financial institutions that often charge transfer fees to their clients.

3. Unlimited Transactions, Because Bitcoin does not have an intermediary, transactions can be done without any limit. Compare it with financial transactions that are usually facilitated by the Bank, credit card company, or e-payment system. There is always a minimum and maximum transaction limit applied by intermediary bodies like that. In addition to the amount, the transaction limit is also set for a certain period.

[pitiflin]

The infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security.
There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.

it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.

Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !

This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People  will never understand the true purpose of bitcoin.

[Sergey698698]

People don't trust cryptocurrency.A lot of people don't trust credit cards.People should feel the money, touch it with their hands.

[MirzaofDaska]

Bitcoin has no use value, only exchange value, and because it is has no worth in use other than what others are willing to pay for it, it is always in a bubble: these happen when prices of assets get dislodged from their fundamental value. So Bitcoin is the perfect bubble.

[Epimetheus]

I think bitcoin is better than paper money because it can not be tampered with. if it is widely used in the daily human payment operations. It can help prevent counterfeit money. Reduce the situation of counterfeit money in the market today

Bitcoin is better then paper money in many aspects. First of all bitcoin is a digital currency where as bank note are fiat in nature. So like bank note no one can make duplicate of bitcoin. And we can use bitcoin anywhere anytime with the help of Internet and we can also use an high amount of money at a time. Bitcoin provide better transaction facility then that of bank. It also charge low transaction cost with high privacy. Bitcoin provide easy exchange with other currency.

[Tszone]

Bitcoin is better at being money, at being currency, than other currency because it is technically designed to be better at being currency. Bitcoin is also cheap to send transactions with no extra charges between countries, money can be sent with ease from one end of the world to another in seconds.

[LeGaulois]

The infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security.
There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.

it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP (Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead.

Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !

This comparsion is invalid. Bitcoin isn't counterfeited, but there are forks made of it, with an intent to make money, get rich scheme. People use bitcoin for all sorts of nefarious activities, cash is used more, but so is bitcoin. Remember when the FBI confiscated the bitcoins held by the SilkRoad criminals? Bitcoin is better than "banknotes" but we have to still rely on banknotes , as bitcoin is not a currency that every one wishes to accept. Its either a Ponzi or a fucking investment in people's eyes. People  will never understand the true purpose of bitcoin.

Invalid how? The forks don't aim to be the real Bitcoin (ok Bcash does) when you are showed a 1 Bitcoin Gold they don't tell you it's a Bitcoin, they say it's a Bitcoin gold. With counterfeit money, they will make you think it's a real banknote. Following your argument, a Canadian dollar banknote is a counterfeit banknote of the US dollar...

[Markettoken]

we see from two different points of view. If access is good, like electricity and internet, I think bitcoin is better. But on the contrary, if access is difficult or far away, I think it's better for paper money.

[Ains_sama]

it's perfect, one of the greatness of Bitcoin is this, nothing can be falsified ... even the records of Bitcoin transactions can't be changed. in contrast to bank records, they can delete or add to their currency transaction records. and others are bank records can't be accessed by the public, while bitcoin, just by giving an address, everyone in the world can see the transaction history.

[Elai101]

personally it is very convenient for me to send money to my friends in other countries! they get them very quickly and the commission is cheap! That's all it says! Bitcoin is a new digital money. We all still live in the digital age ?!))) bitcoin is rapidly moving and developing the entire world economy! Paper money gradually goes to the background, after bitcoin.

Off course comparing the two, Bitcoin is better than banknotes, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees, while banknotes is a type of negotiable promissory note and considered legal tender along with coins. They make up the bearer forms of all modern money.

[Btcepoy11]

we see from two different points of view. If access is good, like electricity and internet, I think bitcoin is better. But on the contrary, if access is difficult or far away, I think it's better for paper money.

Bitcoin is easy to access, we don't need a money changer. Bitcoin make transaction faster and easier,  bitcoin is better than bank or banknotes. There is no tax on bitcoin, no hassle and have more privacy than banknotes.

[EffectiveScorpio657]

Some very simple reasons are bank notes can be fake but bitcoin cannot, bank notes can be destroyed easily but it is hard to destroy bitcoin.

[kominfo.id]

in my opinion, of course bitcoin is better than bank records because with bitcoin that has blockchain technology can record all transactions and still intact will not be lost or deleted.

[luffyzxc]

I think why bitcoin is better than banknotes, because bitcoin is most popular and most effective money and bitcoin is easy way to access and easy way to transaction, since bitcoin itself are having a faster transactions in terms of money exchange with very low fees.

[caballero12]

Bitcoin is a crypto currency that is acceptable to any other countries direct price, with out convert to equivalent price in USD, and secondly is faster than banknotes transaction, and secondly bitcoin transaction can be done at any given point in time, while Banknotes work with time duration.

I have a friend back in 2015 that was given a payment of 3.5 BTC. at that time it was $200 each and when the price went down to about $170 to $180 he sold it. What assurance can my friend get from there that he is not underpaid for his work?