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Author Topic: Why Bitcoin is better than banknotes  (Read 1487 times)
farosa
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July 27, 2018, 10:10:40 AM
 #101

Banknotes can earn up to 30% for 1 year. But, you can gain 20 times more with cryptocurrency. By the other side, the risk in cryptocurrency is 20 times higher.
Banknotes can forbid my money when they wants. But, i found my freedom in cryptocurrency.
Veronika94
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July 27, 2018, 10:18:21 AM
 #102

Because all actions are transparent and fast.  And that with the usual currency, there were always different manipulations, stealing, etc.
Falmera
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July 27, 2018, 10:32:07 AM
 #103

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
Yes, bitcoin cannot be tampered. There are lots of fake money made. Aside from this, the transaction of bitcoin is fast and transparent. And investments in bitcoin gains more profit than paper money.

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July 27, 2018, 10:39:41 AM
 #104

It is way more secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone. If you ever try to counterfiet bitcoin you have to blind all the bitcoin users, investors and users of bitcoin are their own security keeper of the ledger. You have all eyes on you if you try to counterfiet bitcoin itself.
vandan.mishra2
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July 27, 2018, 10:46:57 AM
 #105

Because it is safer and more reliable than banknotes
Bitcoin is much safer cz its the way money could be gather at one place rather than diffrent place
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July 27, 2018, 10:57:13 AM
 #106

Bitcoin has a secure Bitcoin privacy protection and bitcoin can not be controlled by anyone even by the government. so it is the one extra reason to make bitcoin a worldwide currency.
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July 27, 2018, 10:57:20 AM
 #107

        Bitcoin is said to be better than banknotes because there are many rules and regulations in banknotes that we have to follow strictly . Bitcoin is a decentralized mode so there is no need to follow any rules you are free to use with your own concern only. Bitcoin is an universal way of payment we should know the real fact of cryptocurrency because day by day the unemployment rate increases and we can understand that there is no use of education to get a better job.

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Sanjida
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July 27, 2018, 12:30:05 PM
 #108

Because it is more trustable and more immune then banknotes.you can transfer money in fastest and bitcoin price is always deflation.i thought many people like bitcoins.
meritbygrace
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July 28, 2018, 10:46:49 PM
 #109

Bitcoin is secured than bank since it is using a blockchain which provides access to the general ledger accessible for everyone.Bitcoin has lots of transparency when you come to that.
Handsome Boy
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July 28, 2018, 11:09:39 PM
 #110

because the growth of bitcoin prices is faster than the banknotes and the profit earned from investing in bitcoin is bigger and faster than investing in banknotes.
bitcoinajax455
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July 28, 2018, 11:17:19 PM
 #111

because the growth of bitcoin prices is faster than the banknotes and the profit earned from investing in bitcoin is bigger and faster than investing in banknotes.
That's right! One of the reason why bitcoin is better than banknotes or bank is being growth faster ot the bitcoin price. Bitcoin is profitable than the banknotes, with no hassle, without getting your private information.
atorle
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July 28, 2018, 11:19:31 PM
 #112

The reasons are endless. and are actually all the best characteristics of money e.g it cannot be counterfeited, it is portable, divisible etc.
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July 28, 2018, 11:23:16 PM
 #113

I think both bitcoin and paper money have their advantages. It depends on how we look at it. Bitcoin itself is easier to use for large-scale or sending between countries. In contrast to paper money that sometimes need something to be perceived mamfaatnya. But back again to everyone. I think paper money is also very good because we use everyday for all needs. So of course everyone has their own thoughts and judgments.
Zainal-baguz
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July 29, 2018, 12:00:34 AM
 #114

because of its high and expensive exchange rate bitcoin. bitcoin can also be used to buy something we want overseas without having to exchange currency in their country. By storing bitcoin we will get a big advantage .

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July 29, 2018, 12:43:18 AM
 #115

in current modern way of life, bitcoin may defeat most features that banknotes have
considerably fast and cheap worldwide transaction, counterfeit resistance, trustless payments and etc
but in a secluded area with no internet and tech, banknotes would certainly more acceptable than bitcoin
bitcoin transaction requires some tech awareness while banknote requires none
bitcoin relies on internet connected device for tx confirmation while banknote doesn't
so I would say both have their own advantages, disadvantages, and best usage

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July 29, 2018, 12:49:30 AM
 #116

From the name itself, banknotes are not owned by the people. They are not people's notes. They are owned by the banks. They are the ones playing with its value and its circulation. The people are like sheep in terms of how they are herded by the banks in our present fiat system. Bitcoin, on the other hand, is owned by no other than the one who is holding it. And it is used on a peer-to-peer basis.

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July 29, 2018, 12:53:27 AM
 #117

I do not think there's anything better. Because bitcoin or banknotes has flaws. But keep thinking about the positive things of both. Both are very useful for our lives in my opinion. So do not compare it.

Flor1982
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July 29, 2018, 01:22:52 AM
 #118

Because it is safer and more reliable than banknotes


Sorry to disagree but Bitcoin is much riskier than any investments because the price is really unpredictable unlike the bank notes that it guarantee the earnings except if the bank will be bankrupt but we could choose the best banks to prevent this bank notes of loosing. Bitcoin is better than bank notes in talking of earning but that was just only if the price of Bitcoin keeps on increasing but if the price fall down like from $19,800 to $8,000 then that is another story.
Dessy Nurvianti
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July 29, 2018, 01:24:02 AM
 #119

WOW. That's because bitcoin is cryptocurrency, every peoples ever been try to make it or fake it but nobody can. And maybe that's a lot of people's questions? how to make currency that can't be remade or forged. According peoples cryptocurreny have own rules. And the most great is the price of this currency is very high so many peoples want to steal it. Smiley
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July 29, 2018, 01:48:01 AM
 #120


I believe that transparency and minimum commissions are one of the main qualities of the crypto currency, and there are no geographical limits.
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