Quote from: javalemcgee on December 23, 2017, 06:41:35 PM

Quote from: Captimiz on December 23, 2017, 06:39:42 PM

Cash exists as a fiat currency, under full governmental control. So if the government wanted, they could simply print another $10000000 whenever they wanted. With Bitcoin, you don't have this problem, as the algorithm is incredibly secure and currency can only be earned by mining (ignoring the possibility of a highly unlikely 51% attack). Also, unlike physical cash bitcoins are non-refundable, eliminating the possibility of a fraudulent refund.

OF course, with cash you have zero transaction fees and the exchange is instant. With bitcoins, transactions take quite a while if waiting for multiple confirmations and with smaller transfers the transaction fee can be bigger than the amount paid. So bitcoins are more appropriate for bigger amount of money.

That 51% attack is not that possible really, especially while the price is around $15-20k and above. I believe bitcoin is not better than cash money, but it will gain importance against cash money in the future.

Bitcoin is better than cash for those who know about online work because bitcoin is safe than cash and its transaction is more easy than cash specially those people who have online business and they can online shopping.