Is digital currency powerful?

[Miles2006]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

What makes a digital currency powerful has many features but you didn't specify the currency your talking about, but Bitcoin is powerful from my paspective, knowing that Bitcoin is a reliable currency and comparing Bitcoin to fait, Bitcoin invades the power structure and that makes it powerful, where power goes to the individual rather than the fait system.
The Bitcoin system does not require a third party, in the fait system you have a third party that will supervise over your transaction for you to be able to get your cash.

[Out of mind]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

The digital currency that is currently open worldwide and people are getting many benefits using this transaction and digital currency is the most powerful. Moreover, digital currency is more profitable than fiat currency because digital currency cannot be controlled by itself, which makes it stronger. Fiat currency is controlled by the government, which makes it not very profitable, but digital currency cannot be controlled by the government. Bitcoin transactions are spread all over the world and anyone can do it easily, but fiat currencies cannot be easily transacted globally for business purposes. So I see Bitcoin as a strong currency that has gained a lot of popularity all over the world and its transactions are growing at a great rate in the business sector.

[elwinsmith]

The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.

[lixer]

Moreover, digital currency is more profitable than fiat currency because digital currency cannot be controlled by itself, which makes it stronger.

More profitable than fiat currencies? I don't think fiat currencies are profitable and they are not to gain profits, cryptocurrencies are different because they are volatile because they have limited supplies and more demand which makes them grow in value over time. Cryptocurrencies are more like assets than currencies which is why.

Fiat currency is controlled by the government, which makes it not very profitable, but digital currency cannot be controlled by the government.

I don't the control has a lot to do with that. Fiat currencies in general are not used that way, they don't gain value if people start demanding for more because they are not bought and sold like cryptocurrencies but they are used for trades like you give money to someone to buy a product from them and vice versa.

[G_Besar]

The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.

Digital currency will indeed be easier for everyone to use if there is smoother internet access in each region or where they live. Because using digital currency, there are no prerequisites for having a bank account, but it can be directly linked to a bank account if someone wants to deposit money into their virtual account to be exchanged for digital currency. Because actually digital things are now almost evenly distributed throughout the world so that almost everyone can see and feel them with the help of certain devices. So clearly it no longer feels strange and difficult for everyone if the way to access it can also be quite easy for each person.

[Luzin]

Some of the adoption of large companies and the growing number of users using it is a positive development. In terms of the crypto digital currency community, it is getting bigger and stronger. But not with legality internationally. Currently only El Salvador has Bitcoin as a currency unlike any other country. In addition, its votality makes the world afraid of losses. So Crypto legality in parts of the world is only limited to commodities not as a means of payment. These developments are already very good, but waiting for them as a means of transaction seems to take a long time.  CMIIW

[bitvalak]

Digital currencies are indeed very innovative and strong in terms of security, transaction speed and transparency.
But unfortunately it can only be enjoyed by people with middle and upper economic levels.
For people from lower economic backgrounds, it is very difficult to use it because there is limited internet access in remote areas of small towns which is not evenly distributed.
Because in fact we know that digital currency can only be accessed via the internet network.

[rodskee]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

there is nothing best that digital currency as you can use this in many ways with one
instant form , use it for trading , use it for payment and even use it to give as gift everywhere in the
world with almost instant transaction(i cannot say instantly because there are some delays even if
you are using fastest coins).

The effeciency  of dgital-currency is powerful. Digital-currencies can extend financial services to unbanked and underbanked populations, allowing more people to participate in the globaleconomy.

and the freedom is what the advantage , not the government can take it from us not like
traditional banks that only uses our money for them to bag more money.

[Essential10]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Digital currencies such as Bitcoin are worth many times more than fiat currencies. But I think both digital and fiat currencies have their own challenges and limitations. The accessibility of digital currencies is used on a global scale whereas fiat currencies are limited by geographic boundaries. Digital currencies have several advantages over fiat currencies. For example, it can be transferred instantly and securely without the need for an intermediary. Additionally, digital currencies can provide financial access to unbanked populations. Overall, digital currency is revolutionizing the financial industry and individuals around the world. The potential to provide greater financial inclusion. The stability and acceptance of fiat currency, as well as its support by governments and central banks, are factors that continue to give it a significant advantage in many areas of the global economy. The future of digital currency remains uncertain and its potential to overtake fiat currency is still a matter of debate.

[Assface16678]

Everyone talks about digital currency being powerful. I think they already mentioned why it is powerful. Let's talk about how digital currency, or crypto currency, helps people or investors. Although investing in crypto currency is risky and hard because you will need to learn first to ensure that you will earn from it, cryptocurrency has given many opportunities to people who want to earn online. Since the start of bitcoin, the first crypto currency, many people have changed their lives instantly as they ride the biggest movement and flip of the bitcoin price. Cryptocurrency is so powerful that it can give a lot of opportunities and profit to many people. They just have to do their part—their part of learning and gaining experience and knowledge from it. Investing in cryptocurrency is no joke. One wrong decision or movement will cost you a lot, so beginners should always prioritise their knowledge before rushing to earn it.

[Samlucky O]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin.

You are very correct about that. Crypto currency are decentralized which can not be controlled by government or any other body, except through Centralized exchanges. With crypto currencies you can be at the comfort of you home and send bitcoin across the universe, without going to bank for western union money transfer.

There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Bitcoin poses as the hedges against government financial policies by proving to them that money can transferred across the nation without government control. And that is the more reason they never wanted it to exist. These reasons are:
1)bitcoin can be transferred to any country at anytime without government intervention or interference.
2)bitcoin can not be manipulated or can not be taxed
3 bitcoin possesses the characteristic of anonymity through smart contract address
4) bitcoin is money and also can be traded by anybody.
5) large amount of bitcoin can be moved or store in a wallet and the pass phrase can be stored and retrieved anytime and it doesn't need update or upgrade like bank.
6) bitcoin is not a cash which can be renewed at any given time. Which government uses all this policies to make money. with these,  they don't have the chance of making profit. That's why they hate bitcoin. I think before sending money abroad you will need to fill form for western union and it might even take up to some days before getting to the recipient but with bitcoin, in a minutes you can run a transfer and the recipient can receive emideately.
that's why they don't like.

[Litzki1990]

People have reduced the use of cash a lot now. Transactions through digital currencies are much safer and much less time-consuming. People now use digital transaction systems for all types of transactions, small to large. Where earlier there was fear of cash robbery, now there is no fear of cash robbery as people do not carry large amounts of cash. Digital transaction system has made people's work much easier nowadays. Transactions with cash used to cause a lot of hassles with the transactions but with the digital transaction system there is a proof of every transaction which makes the transactions much safer. Digital currency or digital transaction system is really playing a very important role in human transactions nowadays.

[Gladitorcomeback]

People have reduced the use of cash a lot now. Transactions through digital currencies are much safer and much less time-consuming. People now use digital transaction systems for all types of transactions, small to large. Where earlier there was fear of cash robbery, now there is no fear of cash robbery as people do not carry large amounts of cash. Digital transaction system has made people's work much easier nowadays. Transactions with cash used to cause a lot of hassles with the transactions but with the digital transaction system there is a proof of every transaction which makes the transactions much safer. Digital currency or digital transaction system is really playing a very important role in human transactions nowadays.

I completely agree with you, Digital cash made our life so easy. Robbery case is still happened everyday in our country and now people become wiser and they hold money in digital cash. Investment is so easy in digital coins without fear of government freezing.

I think the most important benefit of Digital currency over fiat is decentralization which will be never possible with fiat. further more fiat price in many countries including our country dumping day by day while btc have high gain.

[Mehmet69]

With the power of digital currency, the question becomes: Can digital currency be dangerous? Unraveling this mystery requires diving into a complex network of financial exchanges. Imagine a seamless landscape where cryptocurrencies transcend traditional boundaries and reshape the financial system. This currency exchange is not normal; It is a manifestation of power.

Digital currency, the catalyst of financial innovation, is driving the shaft of economic change with unprecedented force. It scares the complexity of cryptography and arbitrary freedom. In this digital amphitheater, business isn't just about change; They are flexible, they define money business processes.

The power of digital money is demonstrated by its ability to legitimately create money while avoiding the absurdities of traditional systems. When blockchain comes to life, financial democratization is not only possible but inevitable. This shift in perspective is a testament to the power of digital money, a power that defies predictions and leads to a future that will create money backed by government.