Why Bitcoin is better than banknotes

[Kaznachej123]

Why the world needs Bitcoin and Why Bitcoin is better than banknotes! Look at this short video and this is only one of the big advantages BTC 
 https://twitter.com/BitcoinJC/status/1021776161385459714

[1714863049]

1714863049

[1714863049]

1714863049

[1714863049]

1714863049

[1714863049]

1714863049

[1714863049]

1714863049

[1714863049]

1714863049

[Sergio444]

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

There is no such thing as counterfeit in bitcoin, yes that is right. But basing you judgement on that could be misleading. The advent of bitcoin has reduced the habit of generating counterfeits but rather, these persons have directed their attention to to bitcoin and blockchain to scam others on blockchain technology. Bitcoin is tagged with a whole lot of names and even being rejected by other countries. So from my opinion, bitcoin can never be better that a banknote. They are both unique in their own ways.

[KKH84]

Conventional currencies like the US Dollar have some drawbacks. Nevertheless, many people underestimate those weaknesses because so far there is no competitor strong enough to doubt the public confidence in the conventional currency. Well, the emergence of Bitcoin as crypto currency circulating on the internet slowly able to shake that belief. The reason is none other than the ability of Bitcoin to 'patch up' the deficiencies of conventional currency.
Some advantages of bitcoin :
1. Decentralized
2. No Transfer And Storage Fees
3. Unlimited Transactions
4. Faster Transactions
5. The amount is limited

[kinhdolaos]

The banknotes build trust on nothing material and are inflationary. Bitcoin builds trust on mathematics certainty and is deflationary. Need anything else?

I totally agree with you. for me, bitcoin not only build trust on mathematics, deflationary but also build trust based on future technology and its anonymity

[alizalela7]

The reason that bitcoin is better than paper money is because it is more profitable than paper money. For example, if you have $ 100 of paper money you keep it, you will not get much profit by using 100 dollars. so you can trade bitcoin and bitcoin transactions

[colmenajose]

Undoubtedly, bitcoin is much better than bank notes, since bitcoin is constantly being valued, especially in countries with high inflation; while the bank notes are devalued and lose value.

[kumarrajudtu2017]

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 !

The biggest advantage of bitcoin that Counterfeit money is not possible. Secondly all transactions can be traced with address also. Bitcoin coin transportation has no cost. Lesser security needed, only cyber security would be prime issue, and that is with all currencies. So complete support for bitcoin.

[CharlieKoala]

cause bitcoin gives financial power to the people and takes it from banks. just that reason enough to made me want to use bitcoin instead of using banknotes.

[Jian_Liux]

I think bitcoin is better than paper money. because digital currency, bitcoin is very easy to use for transactions around the world, while banknotes can only be used in the country of each banknote is issued.
in security issues also bitcoin is very safe than paper money. because, bitcoin can not be faked by irresponsible parties like paper money.
so it can be concluded that bitcoin is safer than paper money and easier to use in terms of daily use for the future.

[poldanmig]

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 !

really what you tell about bitcoin because we know bitcoin has advantages and also have shortcomings we can only minimize the possibility that will appear of course

[bananaohnana]

think bitcoin is superior to paper cash since it can not be altered. on the off chance that it is broadly utilized as a part of the every day human installment tasks. It can help forestall fake cash. Diminish the circumstance of fake cash in the market today

[iotarocket]

I believe banknotes, otherwise referred to as fiat currency, have their place in the financial system, because you can pay taxes with them and in the case of a few of them are relatively stable. I envision a future wherein bitcoin and fiat currencies will coexist and float in value next to one another.

[Geemy]

Only for fast conversion and easy handling

[cmaxwell]

The data for the value of various currencies in circulation comes from the Bank for International Settlements’ Statistics on payment, clearing and settlement systems in the countries report. , while The data for current cryptocurrency prices and total market cap come from Coinmarketcap. btc cannot be manipulated while bank notes can. so with this and with the way bitcoin and other coins are moving in the world economy, it is obvious that bitcoin is better than Banknotes.

[pageraji]

what banknotes? whats price of banknotes? bitcoin now is more than 8000 $ guys, it will be more than 10000$ in the end of august

[efxtrader]

Bitcoin is safest currency right now. Using blockchain system, bitcoin hard to duplicate. Bitcoin data transaction spread all around the world and its almost impossible to hack or change the transaction data. The ledger on bitcoin is very transparant and every body can see transaction data thats why almost impossible manipulate bitcoin data

[hibiscus]

Bitcoin is the crypto currency with very strong net work systems and it has specific features and  can be operated world wide  .Bitcoin is a digital one mean time but bank note is a physical one there is possibility for the theft and looting.Bitcoin is good media for the transaction very fast can operate world wide but bank note cannot operate world wide like bitcoin so bitcoin is better than the bank notes and it is a new form of economy  with multiple usage.

[TurboPower]

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 !

Bitcoin is more adaptable than monetary orders, on the grounds that bitcoin is extremely security to utilize. We can utilize bitcoin all through the world yet we can't utilize monetary orders that way. Bitcoin is more dependable than certified receipts. The exchange speed is quick while utilizing bitcoin. We can exchange bitcoin from any piece of the world. This is likewise an another favorable position of bitcoin use. In future bitcoin that is cryptographic money just happens. Use of monetary orders will be less.

[autotoss]

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 !

Yes it is much easier and more comfortable to have a bitcoin on your wallet then to have a bunch of bills in your physical world, especially I would be happy, when we will be able to use it wherever we go.

[iamike]

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.