I know about crypto and everything in general but I am having difficulty to understand one thing about it. Why crypto or bitcoin is better than money ?
I mean I know the block chain technology is revolutionary and it has many benefits, it is being used by all crypto. Money is used to buy goods and services and there are very less businesses accepting crypto and still the prices are rocket High.
This Crypto trend looks more like share market company evaluation rather a legitimate currency. Moreover all government have there own currency, goverment cannot let that sink and can ban these. Can someone explain to me the value of Crypto as a currency when compared to real money ?
Firstly, there is a distinction between bitcoin and crypto. Although, bitcoin is a cryptocurrency, it is different from the many other cryptocurrencies that we have that don't have actual value.
Bitcoin has real value and can be compared to the fiat or traditional currency. I'm sure you know all the benefits bitcoin has over fiat currencies so I won't highlight them here. One thing however that you should know is that bitcoin can be used as an investment asset. Just by simply buying and hodling for some time, you can make quite a lot of money.
Secondly, bitcoin is now being accepted as a currency by some companies. Now there are a lot of stuffs you can buy with bitcoin. You should know that the major advantage bitcoin has over fiat currency is that it provides anonymity and saves one from high transaction fees
value that you are talking about? Value is a derivative of peoples' collective attribution. Bitcoin has value because we currently believe Bitcoin might fill a certain gap that we want to be filled in our economy or even social system. Also it is not that everyone gives it value for ideological or rational reasons, but just want to become rich quick. Real value is a philosophical term that could go back to intrinsic value and that is a widely discussed topic and especially in the context of Bitcoin a complex one that may never come to an end.