Why Cryptocurrency is better than fiat currency?

[LbtalkL]

 I can think of only few things why the cryptocurrency is better. You can send money anywhere in the world as long as there is internet by using just your mobile phones very convenient. And the transaction only costs a few dollars or cents. Unlike banks taking some huge fees.

[STT]

The problem with this contrast is right now the majority of FIAT in the world is horribly compromised and sabotaged by politics and its control of capitalism.   We do not have proper standards in operation and various limitations on politics and fiscal spending have been disregarded, overridden and discarded.
   It doesnt have to be this way, FIAT can represent a better standard but in this moment we are seeing the tail end of that story that began hundreds of years ago.   Its developed and deteriorated until we live to see it completely fail and die I think in many cases.    I do think the world will drastically change within my life time.

All of that is the story about FIAT, crypto in some ways is boosted in its prospects by a dire need for replacement but I dont believe its a 1 horse race and we will see many alternatives in operation and become viable in future and some will even be FIAT but in that new era bound to some proper governance.   Obviously we speculate not many will trust FIAT standards by that time and will favor crypto but I imagine a whole spectrum develops from this situation now.

[Youghoor]

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised.  

It is good to share your thoughts on why you think cryptocurrencies are better than fiat currencies but I don't really think I agree with you on the fact that cryptocurrencies are better than fiat currencies. Cryptocurrency has good potential of giving financial freedom to people but as it stands now just a few uses it.  Cryptocurrency needs fiat currencies to survive in the financial ecosystem...

[johnmason92]

Cryptocurrencies certainly have some advantages over the flat currencies, like the fact the they are not controlled by banks or regulated and dependent on governments, but there is still a long way to go until we can say that Crypto is better than Flat. In the physical world in almost every situation flat currencies are easier, faster and overall better to use, so in my opinion until BTC or any other coin gets a full acceptance from all the different markets we will continue using Flat currencies.

[Slow death]

I will speak for myself and being honest, in my case I like cryptos because they allow me to get high returns when doing trade (of course there are days that I have also had losses and I get nervous when I have losses). but the fact that I can do trade is thanks to cryptos, the fact that I post here in this forum and can interact with everyone is thanks to cryptos... the rest of the advantages everyone already knows

[desticy]

Bitcoin is better than fiat to me for below these reasons -

* Easy to send & Recieve.
* Easy to hold.
* No Fees when holding.
* No need to give transaction explanation like we do when fiat transaction.
* Privacy.

Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.   

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

[MathGame]

Not only that, cryptocurrencies are decentralized. if you look at a cryptocurrency such as bitcoin you can see it is a peer-to-peer digital currency that is fast, secure and decentralized. Fiat currencies are issued and controlled by the governments through banks while cryptocurrencies are decentralized, and controlled by no one.  

[DabsPoorVersion]

Bitcoin is better than fiat to me for below these reasons -

* Easy to send & Recieve.
* Easy to hold.
* No Fees when holding.
* No need to give transaction explanation like we do when fiat transaction.
* Privacy.

Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.   

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

The thing is, crypto cannot be the same as fiat currency because of its volatility. The moment you sleep now and wake up tomorrow, its value wont be the same. It is indeed that you can earn while holding your crypto unlike in fiat currency where it will be the same over a decade or more. The thing is, crypto might give you or might lose its value depends on the market.

[alexsandria]

Yes, cryptocurrency is better than fiat currency. The payment system is very fast, it is only on the tip of your fingers. Another reason is that you can send it without some monitoring it, a sense of security. The only problem that I can see here is first, the adoption of the poor countries. The other problem is being volatile of bitcoin, it is hard for now to have that kind of money that in anytime, it fluctuates in different rates.

[Ronaldcoin2017]

Bitcoin is better than fiat to me for below these reasons -

* Easy to send & Recieve.
* Easy to hold.
* No Fees when holding.
* No need to give transaction explanation like we do when fiat transaction.
* Privacy.

Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.   

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

The thing is, crypto cannot be the same as fiat currency because of its volatility. The moment you sleep now and wake up tomorrow, its value wont be the same. It is indeed that you can earn while holding your crypto unlike in fiat currency where it will be the same over a decade or more. The thing is, crypto might give you or might lose its value depends on the market.

Well i think crypto is always better than fiat in terms of holding, but there are also a great advantage of using fiat because fiat is the most popular currency that already used for so many years, it is already been trusted, if we talk about crypto we can all see that it is now becoming more trend because of the unstable status but i think crypto really needs patience and not all of the people earn on it some other people loss because they are luck of patience.

[XiaoshuaiLiu]

They are the next step in the monetary system. I think they represent a paradigm shift as big as the Copernican model or the press. Sometimes I am totally amazed by the fact that we, as a species, have not only created something as abstract as a centralized monetary system, but that we are about to trascent it. The new system will be beyond boundaries and centralized institutions and that as abstract as a series of processors repeating ad nauseam a series of algorithms.

[imstillthebest]

Well i think crypto is always better than fiat in terms of holding,

only if the bull run could come often but what if not ? what if dump season are the one that will come on most times ? idk if you will still say that crypto is always better   . imo fiat is better but not as always because we also get benefit sometimes from the bull market as long as we hodl a crypto 

if we talk about crypto we can all see that it is now becoming more trend because of the unstable status

trending because of unstable status ? wow  . i cant imagine that  . i thought people hate being unstable but people like it if crypto will be more stabe and will only increase steadily , that would get the attention of the public which can lead for being trendy

[Astvile]

Cryptocurrency can really be on par with fiat currency but still doesn't have the power to overcome fiat currency in terms of being usable in our daily market now, yes you are right that as years pass bitcoin and the whole cryptocurrency scene is getting recognized by the world but it also makes a lot of news and threat to the government which can be a hindrance to our goal of bitcoin replacing fiat currencies because they are trying to make a move to take over bitcoin and stop it right away.

[Leyss]

I would not say that cryptocurrency is better than regular currency. Each financial asset has its own advantages and disadvantages. So far, in the financial sector, we have nothing absolutely perfect. It will be better if we do not oppose cryptocurrency and conventional currency, but use them together, taking advantage of their advantages.
The advantages of cryptocurrency given here are not fully true. Is cryptocurrency safe if more than a billion dollars in cryptocurrency were stolen from cryptocurrency holders last year, and this year more than four billion?

[Kakmakr]

There are several scenarios where your points are not valid. You say you have access to your bitcoins at all times, but it might not be true if you are using third party wallet providers or exchanges. <A lot of these services have strict KYC/AML requirements and many people's accounts has been blocked by these services for some violation of the ToS.>

You also say Bitcoin's security is "Top Notch", but have you seen how many exchanges and third party services has been hacked in the past and how many people have lost coins due to phishing scams?

[Wexnident]

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised. 

Number 1 doesn't really mean why crypto is greater than fiat but rather just the opinions of those whom use crypto and view itnin a positive way.
Naturally, security is a lot better han fiats since most of the time, you'd be the one in control of your wallet and only you can transact with others. Of course, when you use third party wallet providers, your wallet may or may not be in risk because of hacks.
As for transactions done, blockchain techs one feature is anonymity so it naturally shows it when transactions are done.

[Zeke_23]

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised. 

Number 1 doesn't really mean why crypto is greater than fiat but rather just the opinions of those whom use crypto and view itnin a positive way.
Naturally, security is a lot better han fiats since most of the time, you'd be the one in control of your wallet and only you can transact with others. Of course, when you use third party wallet providers, your wallet may or may not be in risk because of hacks.
As for transactions done, blockchain techs one feature is anonymity so it naturally shows it when transactions are done.

User of cryptocurrency thinks that it is already better than fiat, which is actually not yet to happen. It will take a few more years for that to happen if technology will be developed together with crypto, where its capability will increase, the moment that we are waiting where we can finally free to use cryptocurrency in our daily life just like how we can use fiat currency.

[timerland]

I might have a rare opinion for people on this forum, but I don't believe that crypto-currencies in their current state is able to match or be better then fiat options right now.

They might have the better technology and be newer, but they lack adoption and people are also very against change and it will be be extremely hard for society to completely shift over to crypto-currencies as their main payment option, and that's why it's stuck in the other payment option that has a lot of enthusiasts.

[xSkylarx]

Both of them has its own advamtage and disadvantage. It depends on you what to use for certain situations. Crypto is not yet popular to use it anywhere when we buy something so fiat is your best choice. While if we want to send money with a less fee, crypto is the best to use.

[Ailmand]

I have to say that both fiat and cryptocurrency has both advantage and disadvantages. Crypto os not yet globally accepted worldwide as an alternate medium of exchange, in some countries it takes a lot of process and fees, not to mention regulation that limits other users from transactig or even cashing out their crypto. Crypto being irreversible has both an advantage and disadvantage, once a transaction is done there is no way for you to reverse it unlike in banks. So as for now I would say each of them plays an important role.