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 think that it is correct to compare crypto to fiat money. Of course, initially, crypto was created to replace fiat money and provide people with privacy in terms of transaction of their money and unregualation from the government. But now it is too early to compare ordinary money to Bitcoin.
Nevertheless, I, of course, can name several advantages of crypto. You can transfer your money wherever you want and nobody can forbid you, even abroad.
Agree and also bitcoin was made not for these reason its because the fees before and how transparent it be since you could see that actual movement of your bitcoin and also it is really fast. Though there are many advantages to crypto now, I cannot replace fiat because it is well-established and has been used for a long time, but it would be ideal if we could add another payment method, such as accepting crypto in payment.