Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
Tungsten-1
on 05/02/2018, 18:34:12 UTC
Digital money always has more potential than cash or paper money. It is used all over the world.

Not definitely, there are countries who doesn't have access with internet. Even if they do, there are sites that were being banned, others have restrictions. Large nations such as China were keen to banned cryrptocurrencies, Bitcoin in general. And with China's population that is over a billion, that's 1/4 of the world market cryptos were losing. As long the awareness of general public increasea, there are institutions, financial and governments that will take such actions for Bitcoin to not take fully over with fiat money. Yes, the potential with cryptocurrencies is given, but as long there are people who don't have any interest with everything going digital, cash or physical money will still be better than Bitcoin.
A lot of people trust banks over BITCOIN and cryptocurrency thanks to the assets backing fiat vs cryptocurrency
I agree that a lot of the people still trust the banking system over the block chain system, but I think the block chain system is better because in block chain system, you are always safe from the inflations of the currency due to wrong policies of the government, in crypto you are only vulnerable to the market capacity and the volume because these are the basic items which decide the worth of that currency.