Quote from: batako on July 25, 2021, 04:10:49 PM

Quote from: Barry Mantle on May 14, 2021, 03:14:40 AM

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 ?

I don't agree that crypto is better than traditional money. Both things have their respective advantages and disadvantages and they are also used for different purposes. Crypto is for investment while traditional money is for daily buying and selling activities. Crypto cant be used for currency since it's fluctuated too much.

I think this is a reasonable comment when it comes to comparing crypto to traditional money although I don't like the term traditional money as that term is dynamic in nature. It changes over time and soon cryptos may be traditional money. But I get the point and I think if you compare fiat to crypto, you should seek out specific aspects you want the two to be compared against each other for. Just saying one is better than the other lacks premises.