Post
Topic
Board Marketplace
Re: Bitcoin versus other offline currencies
by
rickadone
on 24/11/2017, 18:16:17 UTC
As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?
Obviously now,the value of bitcoins is greater than any other offline currency because of the demand of its users and because of its future potential. It is also easier to use during technology development
Bitcoin really do have a lot of potential which is why we cannot even be comparing it to centralized fiats. Fiats or offline currencies like the OP stated it will always remain controlled and that is what makes digital currencies different as you are in full control as long as you are not holding XRP, USDT or the likes, if you know what I mean.

maybe right now offline currencies is better than digital currencies specially bitcoin, because right now bitocin is not popular than we know, not all of people in a country know about bitcoin and use it, so if we want to make transaction with bitcoin it will be harder than offline curencies
Not all offline currencies are also widely used as some are normally used to do some underground runs like gold. However, bitcoin can still be used as long as the peers involved are both willing to accept it as a form of transaction which for now, is not something we have really seen much of it as it is not widely used yet, but time will definitely tell us at the end. For now, fiats or basically paper currencies are still very much needed.