Post
Topic
Board Economics
Re: Electronic Money vs. Physical Money
by
nakamura12
on 04/03/2018, 09:51:26 UTC
Hi guys, I just want to know your views and opinion about the difference in Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley
The difference with the two money about the digital money or electric money and physical or fiat money are these first to be mention. Digital or electric money can be used by all to those who had knowledge about it but the physical or fiat money can't be used by all because every country had their own currency and you need to convert first in order to use in specific currency. Digital or electric money is decentralized while physical is controlled by goverment.
When you discuss about money wether it's digital or not they are the same. Bitcoin and other coin is base on fiat money or physical but it's price depends on supply and demand even if 1 bitcoin cost 11k physical money for example and that price may go up or go down that's another difference of digital from physical money.