Post
Topic
Board Bitcoin Discussion
Re: Why some people prefer Bitcoin over fiat ?
by
soul-impact
on 28/02/2017, 15:41:47 UTC
There's a lot of reasons why people prefer to use the btc over fiat.
I think one of their reason why they stick to btc, its because btc has a lot of great features than the fiat and its also much more profitable than the fiat.
Profitable? there is high risk of losing money too
I think most user prefer bitcoin for because it cost less to send money and you don't have to pay taxes for transaction made using bitcoin.
if you have the wealth and income in the real world. of course everything you earn and your riches such as cars and motorcycles will be taxed. whereas regardless of the wealth in the bitcoin will not be taxed
In some countries, taxes are not fully collected due to the lack of laws. Bitcoin is good in this field which helps us not to pay tax in some developed countries such as the US or the UK. Moreover, Bitcoin is more secure than traditional money and we have to admit the benefits of it. The world will be much better if all of us use Bitcoin instead of FIAT