Why Cryptocurrency is better than fiat currency?

[dimox]

yes, crypto is more acceptable right now, but it doesnt mean all of people know and use it. and not all people know about crypto, there are many store accept bitcoin payment, but maybe it just people that know about the advantages of bitcoin.
actually, fiat is secure too if the person make it more secure like make proof of payment.
you cant compare between fiat the real money with crypto as digital money, they have different world and different advantages. i admit if crypto more profitable than fiat but we cant rule out fiat.

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[SummerBliss]

Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.

[airdnasxela]

We cannot conclude that cryptocurrency is better than fiat when most says that they can co-work together, believe in the function of fiat and would still choose fiat over crypto.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.

[jarhed]

Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.

Indeed, payments in Bitcoin have become very popular over the past years and we see that even cryptocurrency banks are opening. Also in the future we will have faster and more reliable technologies in the field of cryptocurrency, because Bitcoin transactions are quite slow and not cheap.

[Spaffin]

Most of the people around the globe are becoming aware about the cryptocurrencies and their use.The world is adopting digital modes of payment and crypto coins play a vital role in this evolution but this does not mean the end of the fiat.Its usage will slowly become less but it can't be dilluted eventually.Crypto payments are easy to make over a secured network of blockchain technology and provide services 24*7 to all.But still it will take time for mass adoption of coins as they are controvential topic at current.

Indeed, payments in Bitcoin have become very popular over the past years and we see that even cryptocurrency banks are opening. Also in the future we will have faster and more reliable technologies in the field of cryptocurrency, because Bitcoin transactions are quite slow and not cheap.

Of course you are right that today Bitcoin is losing its appeal.  But you need to take into account the fact that even a direct competitor to Bitcoin, which is ethereum, has much better performance.  If we talk about the price and speed of transactions, then Ethereum can satisfy the needs of many investors, including large business.  If we talk about the future, then in the future there will be quantum technologies that can destroy cryptocurrency.  But it's too early to talk about it.  And today, I believe that both fiat currencies and cryptocurrencies can find their user without problems.

[AicecreaME]

We cannot conclude that cryptocurrency is better than fiat when most says that they can co-work together, believe in the function of fiat and would still choose fiat over crypto.
1. Crypto are becoming more accepted but it is still not enough compare to the number of people using fiat.
2. If you lost or someone hacked your account, it's hard to get back your btc. It's a bit risky that's why people are afraid to invest in crypto.
Crypto may be upgarded compare to fiat but both of them are very useful in our everyday life. Nothing is better since they're different. Both of them have their own pros and cons. What's better only matters on the perception of an individual.

Fiat and cryptocurrency works together perfectly. They goes like this, cryptocurrency helps us to have plenty of profits while fiat supports that by its non-so-volatile price, what I mean is the fluctuations in cryptocurrency is painful to have, that is why cashing it out and turning it to fiat is a life saver before it goes down, it is more like a second life to us, that is why fiat must stay even though cryptocurrency will be the main currency someday.

Without fiat, we will be devastated to buying things if we are in a bearish market, you know what I mean, they are complimenting each other in their own way, so we don't want to bully fiat always.

[mdzahed134]

Government can't control your money even your identity is more secure i think this is the best reason ever. Limitless transaction and store those are a big advantages for cryptocurrency. But also many disadvantages with crypto because it’s not a regulated in most of the countries and you can't use it as a traditional payment. High risk involved in crypto, a lot disadvantages in crypto. Fiat is a recognised currency it’s a big advantage.        

[iMark]

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.

Yeah, both have advantages and disadvantages, of course you can't say that bitcoin is better at crypto on everything, and it generalizes everything. in some cases bitcoin is better than fiat, but in some parts fiat also beats bitcoin, as in acceptance, fiat is much more accepted in many places than bitcoin. cryptocurrency is better than fiat? That depends on which point of view you are looking at?

[Shasha80]

In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.

[minersday]

Cryptocurrency itself as a digital currency is not really better than fiat currency but the system (blockchain network) that cryptocurrency operates on is rather better than the system that runs fiat currency. Thus, the centralized nature of the fiat currency ecosystem does not allow financial freedom, whiles that of the cryptocurrency presents financial freedom to everybody in the ecosystem...

[DaftAjax]

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

1) Easy to Send & Receive?
    ~Depends on the amount, if you're sending a large amount it is most likely to be slow.
2) Easy to hold?
    ~Certainly, you do have your own wallet to store it.
3) No Fees when holding?
    ~Of course, but just to be safe. Don't hold a large amount in any wallet/exchange sites.
4) No need to give transaction explanation like we do when fiat transaction?
    ~Yes, that's true, but it will be the same if you're trying to cash-out.
5) Privacy?
    ~Do you mean "Anonymity"? One of the reasons why the majority of people here choose Bitcoin over fiat.

There are still countries that don't accept Bitcoin in exchange for services, e.g. Medical Services, Education, Utility Bills. No matter how good it is, if the adoption isn't there, it's still not better.

[joinfree]

Note: Some of these factors doesn't apply to every single cryptocurrency out there, especially the "secure" part. Sure it applies with bitcoin, but definitely not with every single one. Especially with the lesser known projects, I'm going to bet that if developers tried to inspect the code of those projects, chances are, there's going to be vulnerabilities(ranging from mild to sort of the more 'deadly' vulnerabilities"). It'd be more accurate if you named this "Why bitcoin is better than fiat currency?"

You are absolutely right mate, not every feature of cryptocurrency can be attributed the all the cryptocurrencies that have popped up in the crypto industry. I know a whole bunch of them whose blockchain though described as immutable has been hacked before. It's best to place our trust in Bitcoin since is the only that has stood the test of time if you ask me. It's current difficulty also make it absolutely impossible for it to be hacked.

[adzino]

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. 

True crypto currency is better than fiat currency in many ways. Various reasons are out there for which we can say that crypto currency is wayyy superior than fiat currency.
1. Nah, I don't think so. There are just limited and selected few shops or online stores that are accepting crypto currency as a means of trade. But it is indeed growing slowly.

2.True it has "top-notch" security and but you sure it cannot be easily fooled? What about those network attacks that take place and causing bottlenecking of transactions along with high fee.

3.The transactions are secure but remember, most of the crypto currencies don't keep you totally anonymous. They are rather "pseudonymous", which means you can be eventually traced back. Again, don't you think this is also a scary factor since crimes can be comitted quite easily?

[Vaculin]

Cryptocurrency itself as a digital currency is not really better than fiat currency but the system (blockchain network) that cryptocurrency operates on is rather better than the system that runs fiat currency. Thus, the centralized nature of the fiat currency ecosystem does not allow financial freedom, whiles that of the cryptocurrency presents financial freedom to everybody in the ecosystem...

And aside from having financial freedom in crypto wherein you cannot see in fiat, cryptocurrency has also more secured and low fee transactions compared to fiat. People have been used to fiat for such a long time but if they will come to recognize more about crypto, they will discover that there are a lot more on crypto benefits that a fiat cannot even give to us.

[timerland]

In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.

It really depends what aspect your talking about. There's a tech side to fiat and Bitcoin, as well an adoption/regulation side, and there are other features like popularity between the 2 coins.

For technology, I think BTC is far superior due to its design model and it's decentralization, for adoption and popularity fiat wins by a landslide since it's way more used and adopted the crypto-currencies.

[STT]

Crypto is going to be substantially better for the sale and exchange of digital items online I think, partly because once access is given there is no idea of a refund possible.    FIAT is better when people want to physically pass the note from one person to the other.    Bitcoin is especially useful where the central bank is unreliable and cannot stabilize the value of money over time where Bitcoin is a free market has the ability to stay away from political upset and fiscal overspending (inflation) because it is available for use in every country and a fixed supply with known schedule whereas the current climate for FIAT is anything at all can and will happen to pay the bills.

[acroman08]

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.

because cryptocurrency it is STILL impractical for daily use. I agree that cryptocurrency has it's advantages over Fiat currency but Fiat currency also has it's advantages over cryptocurrency.
both of the currency has flaws and there is no denying it. you can't just pick a specific strength of the currency that the other lack/weak and call it superior to the other.

[karanggatak]

i agree with you. if you use crypto like fiat or we replace fiat with crypto, all you do can more easily than before. just scan barcode, no third party to make big transaction, and all of them just one click.
but sometime fiat is better than crypto, considering many people that dont know and have boundary to learn about cryptocurrent

[vintages]

For me, I think it is the cryptocurrency that can be easily sendable and spend as well.
When a cryptocurrency can not be spent, it becomes absolutely useless. The value begins to deminish and will soon enough it cease to exist.
And another good factors we look should at is the technology behind the coin. Therefore, Bitcoin remains the only coin with this qualities.

[chaoscoinz]

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. 

  I don't think crypto will ever replace cash any time soon
because not everyone has stepped into the digital age we live within yet. It would serve my grandmother little to no purpose, as she is not very tech savvy. Hard cash that you can touch and see will be really hard to replace. I doubt brick and mortar physical Bill's go anywhere for a long time, but eventually once everybody is ready to make the transition, than sure!