Bitcoin Forum
May 30, 2024, 06:01:26 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What gives Bitcoin the advantage over cash?  (Read 1001 times)
IamAGentleman (OP)
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
January 29, 2015, 09:53:18 PM
 #1

The whole point (or not) is that there is no owner and it's decentralized. Some people use bitcoin because they don't trust banks or dislike them. What happens with Bitcoins when the internet ceases to exist for whatever reason, it will be rendered invalid right?
Aemon
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
January 29, 2015, 09:56:50 PM
 #2

Yes, bitcoin would not be valuable at all if somehow the Internet went away.  Lots of things would become invalid though, not just Bitcoins. 

Hard to imagine the world without the internet today.  Don't see it happening.
pedrog
Legendary
*
Offline Offline

Activity: 2786
Merit: 1031



View Profile
January 29, 2015, 09:57:33 PM
 #3

If/when the Internet ceases to exist, Bitcoin will be the least of your worries.

chaosknight
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
January 30, 2015, 11:55:10 AM
 #4

If/when the Internet ceases to exist, Bitcoin will be the least of your worries.
agree
if it really happens someday then there will a lot of other things to worry about
but it won't happen,atleast until we are alive Cheesy
ikanunaki
Full Member
***
Offline Offline

Activity: 149
Merit: 100


View Profile
January 30, 2015, 03:02:31 PM
 #5

What a silly question.

     If no internet:
        - You could not transfer Bitcoin.
        - You could not get FIA of any bank.
        - You could not use the mobile phone
        - You could not watch TV.
        - You could not enjoy other amenities hundred

         not as critical as the above but would also be affected without internet
        - You could not put gas in your car.
        - You could not go to the supermarket to buy food.

      At least in the world where I live, clear that without all these amenities would have no problem with the fact that there is no internet.

My XDN address: xdn.io/name/ikanunaki
fenghush
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250



View Profile
January 30, 2015, 03:03:37 PM
 #6

Have you tried sending cash to someone thousands of miles away seemingly anonymous?

JJB
Full Member
***
Offline Offline

Activity: 131
Merit: 100


View Profile
January 30, 2015, 04:17:02 PM
 #7

It's not just the decentralization. I think it being it's own payment system and not relying on a third party who takes expensive fees is its biggest selling point though.

And why is this in alt coin discussion?  Undecided
Piston Honda
Legendary
*
Offline Offline

Activity: 2702
Merit: 1064


Juicin' crypto


View Profile
January 30, 2015, 04:19:31 PM
 #8

awwww yeaaahh

http://www.youtube.com/watch?v=PBwAxmrE194

$ADK ~ watch & learn...
RobertDJ
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile
January 30, 2015, 06:53:29 PM
 #9

cash loses value over time, bitcoin can only gain value over time
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
January 30, 2015, 07:27:30 PM
 #10

not just that, i also like the fact the transaction are irreversible, and instantaneous, only confirmations take a while
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!