Bitcoin is more real than money in the Bank

[SimpleMan]

Bitcoin does look like it exceeds our money in the bank, this is certainly more free to transact because of its decentralization, which is not complicated or convoluted like the banking system. Here it is very important to continue to explore Bitcoin itself from its development so far, legal or illegal.. not sure bitcoin will lose its popularity by its function, I'm sure little by little the government will understand this.

Having bitcoins in hand is not the same as having money in the bank. have bitcoin in hand as if we own we can master all aspects including the market itself. while having money in the bank is only limited to current assets which run out from time to time (consumptive) as long as it is not used, the money is not productive.

Not only that, there are a lot of limitations when it comes to using the money that you have in the bank, not only you cannot use it in whatever way you want as the bank tries to impose all kind of limits on what you can do and what you cannot do with the money you have with them, with bitcoin this is not a problem, you can use it in whatever way you want, whenever you want and it is money that is truly yours, so when you take all of that into account there is no doubt in my mind that bitcoin is the best out of the two and will keep getting more and more popular as time passes.

I guess when it comes to limits that probably more applies to the wealthy class or when you go to a bank and want to deposit a larger amount, in many countries by now you have to provide a plausible origin of that amount. I can only say that it will be getting worse for sure. The European Union along with many other nations in the world want to get the network tighter and higher in order to fight money laundering.

Whether that is the only reason they have, I doubt it. The problem is not the little dude with a couple of thousand dollars in the bank. The real deal are the big dudes who are hiding millions and even billions. I hope there goal is to catch those too, not just the normal guy.

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[lenovop-70]

Bitcoin does look like it exceeds our money in the bank, this is certainly more free to transact because of its decentralization, which is not complicated or convoluted like the banking system. Here it is very important to continue to explore Bitcoin itself from its development so far, legal or illegal.. not sure bitcoin will lose its popularity by its function, I'm sure little by little the government will understand this.

The government seems to prevent us from using Bitcoin because they can't monitor us and of course things related to taxes. Imagine if a bad person steal the governments money and store it in the blockchain, the evidence of the crime in the form of money will disappear without being traced, I think that's what the government is afraid of.

[mckinleeanael07]

practically all of us here can see that the government they always want to control and manipulate the assets of all the people, they are angry at virtual currency because it makes everyone independent they and they cannot make a profit from each of us citizens, so the contradiction between the banking government and the virtual currency BTC is really difficult to develop together. Because the true nature of BTC has taken away their huge source of income. then there's no reason they should fully accept BTC.

[MKings]

I believe bitcoin is more real than any paper currency I have ever seen.
In fact, all banknotes are virtual-the banknote itself has no value, it "represents" an amount of value. And this amount is said to be backed by gold, do you believe it?
I actually don't believe it—in fact, there is no privilege in human history that does not abuse oneself. The reason why we believe in banks for the time being is because we have to believe in them.
However, bitcoin is not the same. All people who use bitcoin believe it voluntarily. I firmly believe that "voluntary trust" is far more valuable than "forced trust".

[Ali771samir]

Yes that's right
If we look closely at the true meaning of money, we see that Bitcoin is more in line with the definition of money than Fiat currencies.
People who look at money only as a physical entity are opposed to bitcoin, but people who have acquired a deeper meaning of money call bitcoin real money.

[Assface16678]

bitcoin is more real than money in the bank, in my personal opinion I don't agree with your review, the reason is that if we save money in the bank our money will not be lost, even though it is lost we can make a report to the bank concerned, but I agree more if you say invest In bitcoin it is more real to give us an advantage, than we keep money in a bank that does not give us any profit at all..

What I think OP meant was that there's something that you can get out of bitcoin compared to money in the bank, I think what OP implies is that bitcoin has something physical in it while money in the bank is just a number in the screen. For me though, I think that they're both real, they're not competing with each other and it's not like bitcoin or fiat antagonizes each other.

[Qikiye]

Undoubtedly Bitcoin gives much more profit than the money deposited in the bank but in fact Bitcoin is not more secure than the money deposited in the bank. But you will not get any document for bitcoin transaction The bank will provide you with documents for the deposit.

[nhaila]

Bitcoin undoubtedly a popular choice in current world rather than Bank because bitcoin invest so risky but more profitable than Bank investment. But Bank investment so secure than bitcoin but lower profits rate.

[Marvell1]

maybe we shouldn't be too hasty in taking a stand by stating unilaterally that bitcoin is better than real money, but we should admit that bitcoin has several advantages that are better than traditional money, such as the level of security from any hacking or breaking of some money it's at the ATM, maybe there's hunger for us to say that bitcoin has such a high security advantage, because we can't say that because there are still many bans in various countries regarding the adoption of bitcoin

Very wise, we really shouldn't go overboard with crypto functionality, especially bitcoin. indeed bitcoin is superior in terms of technology, but on the other hand we also have to remember that not all payment systems can be effective using bitcoin. especially if there is no internet network, paper money, ATMs, and banks are still the mainstay.
I also believe that bitcoin can be increasingly accepted by society, but not to replace fiat's position, but as an alternative.

Indeed. Bitcoin has many advantages over fiat but bitcoin cannot replace fiat. Fiat remains the mainstay and it is an integral part of the world. We all invest in bitcoin and convert to fiat when we need to spend. I hope governments will accept bitcoin as a means of payment alongside fiat, the two will support each other.

[famososMuertos]

...//...:

... the classic "white collar" thief, they say in some countries...

bitcoin is circulating, it is already doing its "magic" and just as what you show (op) in its action/execution was in charge of the individuals represented in positions of power, bitcoin needs the same, but this time far from being in a single/several person(s) depends on the group/collective/citizens/you/us.

Yes!! You have to be your own bank and you have to learn how to achieve it, but the time will come when the people will have to execute and put into practice that theory as a collective.

[swiftbits]

this instantly for now. By saying that bitcoin is better than money in the bank, especially considering that bitcoin has not been widely adopted and its circulation is still opposed by several countries.we can conclude that bitcoin has not been recognized as a legal transaction tool by various circles.but if bitcoin is really adopted then it is not impossible that bitcoin or better than money in the bank even more than that

The government is slowly but will surely adopt this new technology, they can't control the innovation, they will lose in this battle with blockchain. some are slowly using it to gain benefits, even tax earners from it. More and more inventions will start a trend in the fintech industry.

[mrongoz_imut]

Bitcoin undoubtedly a popular choice in current world rather than Bank because bitcoin invest so risky but more profitable than Bank investment. But Bank investment so secure than bitcoin but lower profits rate.

it's true as you said comrade, bitcoin is very popular now, bitcoin and fiat currency need each other, you can say they have their own benefits, if we invest in bitcoin the chances of getting a profit are more real, but if we save money in the bank less risk, but less profit

[AakZaki]

practically all of us here can see that the government they always want to control and manipulate the assets of all the people, they are angry at virtual currency because it makes everyone independent they and they cannot make a profit from each of us citizens, so the contradiction between the banking government and the virtual currency BTC is really difficult to develop together. Because the true nature of BTC has taken away their huge source of income. then there's no reason they should fully accept BTC.

some governments accept bitcoin completely, but others refuse to accept bitcoin because it would be a threat. we know bitcoin can not be controlled by anyone but bitcoin can still be manipulated by groups of whales. Banks and bitcoin have their respective advantages and disadvantages, so they will not be able to unite, they can develop payment technology side by side.

[SurVM215]

You made a beautiful analogy with the events of 1971. Indeed, everything is happening in a very similar way. The best option today would be to study and invest in Bitcoin.

[South Park]

this instantly for now. By saying that bitcoin is better than money in the bank, especially considering that bitcoin has not been widely adopted and its circulation is still opposed by several countries.we can conclude that bitcoin has not been recognized as a legal transaction tool by various circles.but if bitcoin is really adopted then it is not impossible that bitcoin or better than money in the bank even more than that

The government is slowly but will surely adopt this new technology, they can't control the innovation, they will lose in this battle with blockchain. some are slowly using it to gain benefits, even tax earners from it. More and more inventions will start a trend in the fintech industry.

This is correct, one of the incredible things with new technology is that it is not really a matter of if you are going to use it or not but when this will happen, you have to adopt and adapt to the new technology otherwise the rest of the world is going to have a competitive advantage over you, the issue is that banks and governments never thought possible that someone will develop a technology that will take a way one of the most important sources of their power, which is why they are resisting this change.

[pinggoki]

You could say you're spot on with the analogy you made on how similar the 1971 announcement was to the current hate bitcoin receives from the government of all sectors. It is made clear that banks are antagonizing on bitcoin because they will literally rid themselves of their old ways which includes the corrupt practices they can usually get away of. With bitcoin they cannot do these stuff so it's onto them to hate on it.

Undoubtedly Bitcoin gives much more profit than the money deposited in the bank but in fact Bitcoin is not more secure than the money deposited in the bank. But you will not get any document for bitcoin transaction The bank will provide you with documents for the deposit.

Documentation is easily provided through receipts and tracking addresses that you are given after each successful transfer, I do not know how you were able to miss such an important detail that could help support or debunk your argument. Bitcoin isn't here to make you rich or something solely meant to make a profit from. There's solid proof that bitcoin could cause a paradigm shift and allow for a better currency system than the one we were given right now

[Irenerty]

Bitcoin is uncontrollable, and decentralization keeps it out of government control. Bitcoin can own personal assets without going through any third-party intermediaries and bring people freedom.
Fiat currency is protected by the government and controlled by the government, and the government can freely print more legal currency according to its needs.

[pealr12]

To me they are both real so there is no need to exaggerate, btc is real same is your money in the bank, till now money plays a heavy role in investing in btc, without money you would not be able to buy btc in the first place because the btc you own was not given to you freely, some of it were bought with money even if you earn some, I see both as important, as long as money is still heavily in use and rely on, it is very real.

[Coin-1]

Historia est Magistra Vitae - which would mean that history can teach us some lessons to not repeat the same mistakes again. They (the government) can do whatever they want, especially if the majority does not oppose it - and in the past as well as today, the majority is still quiet and obedient.

As long as that doesn't happen, nothing will change for the better - and when it comes to Bitcoin, many who have not yet realized that owning private keys is the only real way to really have complete control over their coins might be unpleasantly surprised if one day some new Nixon freezes the crypto assets they keep on exchanges.

You are absolutely right. The BTC coins that people keep on centralized exchanges or payment systems like PayPal are just CFDs, not real bitcoins. If ever a new "Nixon" is actually elected and decides to confiscate the crypto assets of all citizens, these companies will be forced to freeze funds deposited in their client's accounts because legal entities are obliged to comply with the law of his country.

I do not know exactly how "obedient" citizens can resist such aggressive activities of the authorities. The only way is to store at least half of own crypto assets on cold wallets and of course, not declare them as your property. Unlike Bitcoin, gold as a material substance can be easily seized.


To answer the topic, Bitcoin is no more real than money in the bank. Nowadays both are considered finances. Fiat money is backed by the central bank of the national government. Bitcoin has no borders and is supported by the international community. In my opinion, BTC is generally more transparent and reliable because fiat money often has an inflationary model.

[South Park]

maybe it is too early to conclude that bitcoin is better than money in the bank, and of course this factor cannot be separated from the recognition of bitcoin as a legal transaction tool by various countries in the world, so we do not dare to draw more conclusions about bitcoin, but if the bitcoin adoption process is widely real, it's not impossible that bitcoin is better than money in the bank

Bitcoin has been better than any money that you may have in your bank account from the very beginning, the fact that now we have a currency that you can send from one side of the world to the other with a very cheap fee without the need to use a third party and that you can receive those coins in a wallet that is completely yours and that no one can take those coins away is a concept so revolutionary that if anything I'm surprised the adoption of bitcoin is still so low, but I think this is because most people do not really understand why we need money free from government intervention, but soon enough they are going to learn why this is important if a crisis comes during the next years.