Why is the Dollar good and Bitcoin bad for people

[EarnOnVictor]

-snip-
You have a long post here, perhaps I should explore them bit by bit over time and reply where necessary.

For that reason, if a payment system is legit it has to be able to protect people by ensuring they get goods and services back. Banking payment systems do have such a protection. The proposed alternatives to those systems, known as crypto payment systems such as Bitcoin, do not have it.

Are you saying that fiat is legit and Bitcoin is not? You are seriously missing facts. Why is Bitcoin in the main financial stream today if your view is to be upheld? Bitcoin will even protect people's goods and services more than fiat because it is decentralised but fiat can still be controlled by the banks and others and stop any transaction they wish to stop.

Bitcoin is better as long as you deal with trusted parties. In the worst case, you may have a legal agreement about this and your transaction will push through at all cost.

[kramat]

Both of good one. But usage is changing. So bitcoin not use the cash. But dollar is use the cash mode. That the reason bitcoin will not use everywhere. Coming future bitcoin will be reach every country. Bitcoin users never will be lose the bitcoin. Wait for the wright time to process. Dollar everyone using.

[sompitonov]

Obviously, the dollar is in almost every home and it is the most common world currency; it is easy to pay with it, because it can physically be touched or transferred when paying for goods and services. But this is only on the surface, if we start to delve into the main meaning, then the dollar and bitcoin have completely big differences due to emission. After all, everyone knows that the dollar can be printed as much as they want, and this has already been said many times, while Bitcoin has a limited quantity. If we hold one bitcoin and do not sell it, then in 5 years with a high degree of probability it will become more expensive due to the fact that it is a deflationary asset. This will not work with dollars, because inflation constantly affects the dollar, and in 5 years $10k will be able to buy significantly less goods and services, I think many have felt this especially in recent years.

In general, the dollar is convenient to use in the moment. About Bitcoin, I can only say that some people may lose it because they do not know how to use it, and of course no one will give you any guarantees of its return, you will simply lose it forever, so you need to be careful.

[Promocodeudo]

Most of the persons thinking about bitcoin scam. But most of the persons Don't knowlages about Bitcoin. So before use the Bitcoin. We need to improve the knowledge. Knowledge is help to avoid thr scam. Dollar is easy use and reach the every where. Dollar is good one. But bitcoin is best investment.

Misunderstanding and misconception has always been the reason for individual lack of interest in Bitcoin investment, having said that, I don't think that it is a good idea to call some stuff a scam when you have not been into the system, people do this all the time, I agree with you that there should be increase in individual awareness and knowledge to avoid being scammed in the system as you said but I want you to also understand that people believe what they feel that's real for them, once individual mindset is biased about an investment such person fails to put interest in anything concerning that invest so once he or she hear anything relating to that investment he will discourage people about it, so I see this as ignorance, you don't know something until you are interested and a little trial will convince us towards the efficiency and transparency of the said investment, some person may prefer dollar because of reason best known to them but the truth is that Bitcoin surpass every other currency both in value and in other aspects.

[JamesNZ]

No need to provide any evidence of that kind. This is not topic about you. Its about the difference between bad and good numbers in payment systems. I have my own reasons why I think you are a scammer and a liar. You can think about me the same way. But it's obvious who is selling something here.

On the contrary. When you call someone a scammer, especially without proof, the burden falls on you to back it up.  Accusations are cheap, facts are what matter.  You're right, this conversation isn't about you either, but your baseless attacks make you look pathetic, not me.  Frankly, if anyone's "selling" something, it's desperation.

But hey! Even a payment system with "bad numbers" (as you so ignorantly claim) still gets the job done. So, there's that.  

Someone who joined the Bitcoin scheme just thinking they will profit is not a scammer. They are just greedy, naive or ignorant for thinking that if someone in the past managed to get a big bank-issued number in exchange for a small one issued by the Bitcoin system,so will they. But someone who actively spreads propaganda about the latter system and lies about the former system in order to get more bank-issued numbers is a scammer. Because let's be real - the ultimate dream of everyone that joined this Bitcoin scheme is to get as much of bank-issued numbers as possible. All of you Bitcoin evangelists are here only because you want to dump bad numbers(bitcoins) on greedy and naive people and get their money (good numbers). Those romantic stories that you preach, stories about the salvation that Bitcoin will bring is just cheap propaganda invented to scam the public out of their money. It's that simple.

Hold on, conspiracy theorist. You directly accused me of being a liar and a scammer, so I'll ask you again, where exactly did I lie? Show me one single instance of me spreading propaganda or making false claims.  You built a strawman argument bigger than your ego. Where did you get the idea that I am actively spreading propaganda about Bitcoin? Show me the proof.

Come on, just cut the crap. You're scammer for a simple reason of trash talking the banking system - which protects holders of its numbers, and sweet talking the Bitcoin system that doesn't protect holders of its numbers. Whenever I write a post demonstrating the said fact via different arguments, you come along with your ad hominem attacks or simply with talk that boils down to this: 'fiat is bad, bitcoins are good' or 'banks are evil, Bitcoin is our savior'. For some reason you became Bitcoin holder. In the same time, you know that bitcoins cannot satisfy your needs and wants, and you know that the system doesn't ensure you'll get good and services based on your holdings. In short, you know that the numbers issued by the Bitcoin system are bad. That's why you need to get rid of them. You need suckers to dump bad numbers on them. And the best way to attract suckers is to sweet talk about the thing you want to dump. To talk positive about bitcoins. Even though you know they are bad numbers. That's called propaganda. That's called scamming people. And that makes you a scammer.

[JamesNZ]

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

[bettercrypto]

Until now, because in this era, the majority of people around the world still use cash to pay, and not all places have internet. And we know that here in the bitcoin or crypto business,
you can't have internet. So it is difficult to suddenly get rid of the money at this age.

This will only cause an additional burden for the majority of people when the dollar or physical money is gone. So it's better for me that you have these two that
we can use in any place we land.

[Rakib15]

Have many reason why the dollar is save and good and bitcoin bad for people. For bitcoin payment system is illegal many countries. But the Dollar use any system any countries. If bitcoin usually using all countries but It's illegal system. So the dollar is more save for people.

[legiteum]

Have many reason why the dollar is save and good and bitcoin bad for people. For bitcoin payment system is illegal many countries. But the Dollar use any system any countries. If bitcoin usually using all countries but It's illegal system. So the dollar is more save for people.

Bitcoin is legal almost everywhere. What country are you talking about?

[Obulis]

Another shity thread from a long term spammer and Bitcoin hater. No need reading this guys, it's just full of shit. Let's leave it for his likes

That's called educating people. I am educating people about Bitcoin. Because the internet is full of propaganda and lies about Bitcoin. The purpose of propaganda is to extract as much good money(fiat) from the public as possible and dump them bad money (bitcoins). That's why the public must be educated.

I respect your opinion, I think everyone has the right to their opinion, right or wrong what they say, but they have the right to their opinion. Now it seems to me that you are forgetting one thing:

You can't have bitcoin out of nowhere, for example I ask you: do you have bitcoin? If you don't have bitcoin, you won't sit down and say: "Bitcoin appears now" and bitcoin appears. That's not how things work. For you to have 1 bitcoin you only have a few options:

1 - buy mining equipment: you will have to take your dollars and go buy the mining equipment and mine, this will involve paying for electricity so that the mining equipment works or mines the bitcoin

2 - work on some bitcoin exchange or crypto casino or signature campaign and get paid by bitcoin.

3 - deposit your dollars in the bank and buy bitcoin

see in these first 2 options you are providing a service and are being paid for that service, because bitcoin has value. If you deposited $1000 into your bank account and bought bitcoin, that bitcoin is your property that you keep in your wallet. When you sell depending on the price, you can get your $1000 back. For example, I buy my refills using bitcoin as a payment method.

you need to separate hate from knowledge. You can hate bitcoin, and that's your right, but you need to be impartial when talking about bitcoin and dollars

Op and his intentions (who knows) .... I couldn't read the second time to see if I'm the one making mistake, but the responses here are telling me that there's no need because it seems I got it right from the first read!   Just like the quote above, I can see mindset and mentality problems on the side of the Op.....even if just looking for whom to discourage about BTC....

 As it is, I believe the same thing happened in the emergence of mobile banking... They are not reliable this and that but today you can imagine (traditional banks has to measure up by also giving mobile banking services...
In the case of currency itself, crypto has given such move of which BTC has come to be @the top... There's no need to panic, some people don't use BTC because they lack the know how, if not I believe we all can imagine the level of usage?....

Right now
BTC is only not protected when any government decides against it for whatever reason or reasons... Even the banks and account owners can be under cyber attacks just like BTC and btc holders... All these and many more being the case, one can also point how the op was busy contradicting himself... Trying to discourage unprepared minds from equiping themselves to follow up with the present order of currency.....

Currency has received innovations since human history and presently we have crypto with BTC the ultra...
It can only be mindset and mentality towards BTC that will make some one not to take up any opportunity that BTC has and will provide....
However, the op is not without bias about BTC

[justdimin]

While I agree with you that the message of OP is ill-fated and pessimistic over the Bitcoin, responding to the silly analysis and epistle is the best way to go about these kind of people. It is also good to note that, while everyone is entitled to their own opinions and interests, like that of OP, applying common sense is golden. This includes analysising and experimenting information before sharing such long-text of opinion that could be misleading.

Bitcoin is a decentralized system and unlike the centralized system of the fiat currencies like dollar, Bitcoin is not controlled by any entity, either by the private sector or the government. When you talk about speed of transactions and reliability, bitcoin is definitely faster and more reliable as you can make boundless transactions across the world within a blink of an eye. This specially makes bitcoin and cryptocurrency space more interesting to me. Also due to its cryptographic algorithms, bitcoin is far more secure to operate than the fiat currency and when you talk about transparency, bitcoin among other cryptocurrencies are recorded on the blockchain network which is accessible to other nodes and anyone else.

You are a better man than I can ever be, I just get mad at it when there are trolls about bitcoin, I can see they are lying and I can see that they even know that they are lying, I just want to make sure that we could probably do better with it if given enough time. This isn't always that simple, and we shouldn't really be considering the situation changing all that much.

We need to realize that not all people who write here do so because they want to share anything, some of them do it because they want to get hate, they like it, they realized that they can't be loved by anyone so might as well at least get hate and that is why they do it. This attention makes them live, it's the reason why they are doing what they are doing and if we stop giving attention, they would stop.

[YUriy1991]

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

I think the direction of your conversation is more emphasis on how we see the real impact of preservation on digital payment systems to meet the needs and wants of one or many people where people need goods and services. quite relevant.

Well, regarding statements like the above I think it's simple because they all depend on each of us's point of view, so to make it easy to understand, everything leads to the level of use where the correlation depends on the level of need and the level of risk tolerance and personal preferences of the individual in general, then it is not wrong let alone talking about protecting or not here, there are only two options that are visible,  if you really like the freedom of choice is BTC, and if you don't want to get hit and feel comfortable, yes, to USDT.

[Porfirii]

I have to confess that I haven't read the entire OP, but a few comments below that discouraged me from reading all the text (thank you Hatchy). Way too long. If JamesNZ wanted to catch my attention, he should've started his topic with a shorter text that included the key points, and then elaborate more his arguments through the thread.

Anyway, I don't think he would have been successful in convincing others either, because being realistic, this is not the best forum to make statements; but, at least, some more would've tried to understand him and participate in the conversation.

[ditec_wrogn]

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

Hey, JamesNZ, you absolute moron. Seriously, what is your problem? You're the only one here who can't seem to stay on topic. You're just throwing around baseless accusations and acting like a petulant child. It's honestly pathetic.

You claim that "literally every responder here" is ignoring the subject and spreading Bitcoin propaganda or engaging in ad hominems. Newsflash: they're not. People are sharing their thoughts and opinions related to the topic, which is perfectly fine. But you, you can't seem to do that without resorting to name-calling and wild assumptions.

And let's talk about those accusations. You love calling people scammers and liars without providing a shred of evidence. Seriously, do you even know what a fact is? Or are you just making things up as you go along? It's honestly baffling how you can throw around such serious allegations without any proof whatsoever.

Cheers! (But not really, because you're kind of a jerk.)

[JamesNZ]

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

Hey, JamesNZ, you absolute moron. Seriously, what is your problem? You're the only one here who can't seem to stay on topic. You're just throwing around baseless accusations and acting like a petulant child. It's honestly pathetic.

You claim that "literally every responder here" is ignoring the subject and spreading Bitcoin propaganda or engaging in ad hominems. Newsflash: they're not. People are sharing their thoughts and opinions related to the topic, which is perfectly fine. But you, you can't seem to do that without resorting to name-calling and wild assumptions.

And let's talk about those accusations. You love calling people scammers and liars without providing a shred of evidence. Seriously, do you even know what a fact is? Or are you just making things up as you go along? It's honestly baffling how you can throw around such serious allegations without any proof whatsoever.

Cheers! (But not really, because you're kind of a jerk.)

So basically, you're mad at me for stating the obvious fact that the Bitcoin payment system, unlike the banking ones, doesn't protect it's users by ensuring they get goods or services back. Which makes numbers that it issues bad numbers. But you joined this system, you got its numbers. And now you need new suckers otherwise you cannot get back good numbers, i.e. bank-isseud numbers that you gave up when joining the system. I have a simple question for you: why are you not mad at those that invented such a bad system or at those that fooled you to invest in it? Instead, you're mad at the person that is telling you the truth? And of course, if you spread propaganda that the Bitcoin system is better than the banking ones with the intention to attract new suckers and get their bank-isseud numbers, you're essentially scamming people. You're part of a global scam operation that trays to extract good numbers from the public and dump bad numbers on them. It's pretty simple.

[Onyeeze]

I am responding to you through the subject title of your topic, so when you look at it very well you know that bitcoin is something that I have haters from the beginning, so whatever you are having with Bitcoin make sure that you make your own decision do not be dependent on people who from them Bitcoin at something that does not have a value or something that is being used for illegalities basically from my own understanding it is being seen to me that the Bitcoin cannot be compared with all this centralized currencies because bitcoin is digital currency which is decentralized, so let us understand such phenomenon

[EarnOnVictor]

The subject of this topic is the return of goods and services once people gave up on them by joining a number-based payment system. It's mind boggling how literally every responder here vehemently ignores the subject and just spreads the usual Bitcoin propaganda or engages in ad hominems against the author.

Don't find an excuse for this, you actually made the tone of the topic and body look like that, so what do you expect? But as much as many would call you anti-Bitcoin and that your post doesn't make any sense, I still respect it since you are constructive enough and make sense in some of the points, but as before, you are too rigid with your disposition which will always cause you to be blinded to the actual fact. What fiat is capable of, Bitcoin is as well so far it is acceptable in that circumstances, so don't limit it.

Better still, if you are constructing a fact, for instance, the goods and services related ones you claimed this to be, you should just do it in the normal fiat inclination without drawing Bitcoin to it, perhaps people's response will be different in more economics way than this.

[wiss19]

OP, you're right. And I'm on a mission to help people who've come to realise the same thing you have to get rid of their Bitcoin as fast as possible.

Immediate P2P settlement with me. Sell me your Bitcoin and I will give you for every coin... not the zero you think it's worth but USD 100 (yes, the precious commodity you believe in). Pure Benjamins, freshest possible off the press. Good deal? Now go get me those worthless BTC quick!

This kind of post is made when either you want to get attention from others or you have a strong hatred for something without knowing and understanding it. People who hate and speak against BTC I don't like to debate with them much I just say that people who do this kind of behaviour don't know about BTC. You know, we shouldn't talk about anything until we've studied it ourselves, experienced it ourselves, and spoken ill of anything without experience, I think. It's just childish.

This is a forum where everyone has the right to speak freely and have the right to have their own opinion anyone can say whatever they think I don't like to make too many negative comments for anyone but I am surprised that people who join this forum and then talk bad about Bitcoin even though this forum is made for BTC and if one has no knowledge of BTC then on this forum, one can get all the knowledge by reading the existing posts and comments and pin posts. I think if you want to speak for something you should at least know about it.

[legiteum]

So basically, you're mad at me for stating the obvious fact that the Bitcoin payment system, unlike the banking ones, doesn't protect it's users by ensuring they get goods or services back.

Bitcoin is not a payment system, it's a currency. US Dollars alone do not ensure somebody's transaction is protected by the law, and people are victims of fraudulent transactions all of the time with US Dollars.

A payment system is something like Visa, American Express, and PayPal. Those products have facilities for dispute resolution, which is part of the reason they charge a relatively high transaction fee (although still nowhere near Bitcoin's typical transaction cost when the value stays relatively small).

While I'm sympathetic to some of your criticisms of the... baloney... that is often spread about Bitcoin and crypto (and I have written articles about crypto misinformation), answering those misconceptions with new misconceptions isn't the answer, and probably makes the whole situation even worse.

And if your criticism is the "pump and dump" nature of Bitcoin promoters, you are basically criticizing all investments, and even capitalism itself. Since the beginning of time people have offered their money to buy something in hopes it will increase in value so they can sell it later at a profit. Bitcoin is just one of millions of possible investments (or "bets" if you like--it's really the same thing). And yes, people who have made an investment will want to promote their investment in hopes of increasing the value of it--that's just human nature. But it happens with absolutely everything somebody invests in, from digital currencies, to stocks, to real estate, to baseball cards, and so on.

Wall Street investors have a term called, "talking one's book", which means somebody saying positive things about a stock that they already own. It's a good practice to be skeptical of somebody "talking their book", but like any kind of sale of anything, just because somebody is promoting in their own self-interest doesn't necessarily mean they are being dishonest or fraudulent.

[lizarder]

I am responding to you through the subject title of your topic, so when you look at it very well you know that bitcoin is something that I have haters from the beginning, so whatever you are having with Bitcoin make sure that you make your own decision do not be dependent on people who from them Bitcoin at something that does not have a value or something that is being used for illegalities basically from my own understanding it is being seen to me that the Bitcoin cannot be compared with all this centralized currencies because bitcoin is digital currency which is decentralized, so let us understand such phenomenon

Without a complete understanding and people have never been involved in investment, it will be difficult to find the advantages of bitcoin. Likewise with people who are cheated by others in investing and of course they will never understand the advantages of bitcoin itself. Bitcoin has a different nature and if it is associated with fiat currency, it is completely irrelevant. Bitcoin has the ability to maintain value and fiat does not have that ability, although there are many other advantages that are produced, but convincing the issue of value is much more understandable to most people.

Take a few examples and why do people say the dollar is good or why do people say bitcoin is bad? The reasons can vary and depend on each person's point of view of knowledge. Bitcoin will be considered good for those haters when it has obtained full legality but they dare not express it because it is contradictory.