Quote from: geopolisch on November 09, 2018, 11:53:26 AM

Quote from: mornabo on November 02, 2018, 11:46:28 PM

Quote from: Findingnemo on November 02, 2018, 02:23:30 PM

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

This paper money has been around for hundreds of years, as a means of exchange and developed into a currency and has value. you're right this is an old-fashioned way, because this method was taken from the past, technological changes will definitely occur, but it takes a process, because the government is not likely to directly implement digital and virtual currency in their country, because of many things such as human resources who do not understand that

I don't. I mean it is the easiest method of carrying your money in your hands, it has been going on longer than you think. In roman times people would give papers that shows the amount owed to them. Say you give someone a whole farms products than he would give you a paper stating he owes you certain amount of coins. You could use that to purchase other stuff and get your money back and those people you gave the paper to can collect it from the initial buyer when the time comes.

Sort of like the cheque we have right now. That just evolved over time into banknotes printed by the governments and got this big. Bitcoin for example is just a digital asset that normally has no value AT ALL but we say it worths something and it does, normally all money you know are like that but at least most of it has a backing from a government, when you have 10 dollar banknote in your hand government says you own 10 dollars, in bitcoin there is nothing like that neither and we still find it valuable.

But there is a big difference between banknotes and bitcoin was the value of bitcoin was actual just based on demand and supply but the value of dollar based on what,your current $100 is equal to $50 or less before a decade so the value keeps losing year by year that is the disadvantage of fiat.