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Author Topic: Let's break our boundaries with Bitcoin  (Read 625 times)
vicoma
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May 03, 2020, 11:20:29 PM
 #41

Your illustration about the usage of Bitcoin in time like this is perfect but how many will accept digital asset as a means of exchange at present, this will still lead us to end of using FIAT, although that is the idea, but not at sight at the moment.

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May 03, 2020, 11:38:29 PM
 #42

We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
That is right, one of the easiest media to transmit this virus is money. We don't know who the money is from and whether it passes through healthy people or is exposed to corona. Personally, I decrease the activity of using money as a means of transactions. Using digital money is better. Moreover when it can use the crypto, much better, but in my country, crypto is still illegal for the payment transactions.

There are some advantages that we could tell them regarding bitcoin being alternative to cash:
You have listed the advantages of Bitcoin compared to cash. It is actually clear enough. Bitcoin will help us better if it can be legalized as one of the payment methods. However, in some countries, it is restricted and illegal. The Bitcoin may be more and more famous because of this pandemic, however, about using it for means of payment, it will limit only in some countries.
However, hopefully, this pandemic can open the country to be away from such boundaries.

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angelvic73
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May 10, 2020, 08:37:18 AM
 #43

During the current crisis, bitcoin is not an option. Not all countries have their own digital currency yet
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May 10, 2020, 09:05:00 AM
 #44

Every fiat currency can be transferred digitally and transaction can be done digitally too. Bitcoin is not an option here. Different countries have different approach towards coronavirus. In my country people are using mobile based fiat wallets more than cash.

I hope this is taken advantage by the people here in our place. People are still using the old way of transaction, using banknotes. Despite the pandemic that is happening, they are not welcome to new approaches, since they can just use fiat they are just limiting themselves into that. No stores accepted payments online, it is either they pay directly using fiat or use cards which is like the same since they are still handing their card.
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May 10, 2020, 09:10:01 AM
 #45

During the current crisis, bitcoin is not an option. Not all countries have their own digital currency yet
Bitcoin can be made as an option in my opinion. As you can see now when the major of investment place in decreasing bitcoin has done an opposite. Its price was trying to reach $10.000 and it has reached. What that is mean? Do you still believe bitcoin isn't an option? You may need to think it a thousand of time mate. Even, I heard before bitcoin bounce to $10.000 there is American milliader who says that he will buy bitcoin when inflanation comes. It has pointed out that bitcoin is really an option to store money in any situation.
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