As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?
Hi and welcome to bitcointalk forum!
By other "offline currencies", I guess that you mean to gold and cash, let me explain why bitcoin is better then them.
Cash- Huge inflation, which means that if you hold cash as a store of value, at the long run you will lose value!, can be only transferred by a face to face meeting(someone need to physically deliver the cash to you).
Gold-Hard to store( takes a lot of space and may require to have a security behind), and also hard to transfer
Bitcoin- Fixed inflation, which means that you won't lose value at the long run, and also very easy to transfer,you don't need to actually meet someone in order to transfer bitcoins and you can do it from home.
Also it's value goes up at the long run.
We cant still be sure if bitcoin wont really lose its value since we dont know what would actually happen yet on future years to come in btc. The thing why bitcoin do have high interest because of its benefits like its new way payment system and at the same time the opportunity of making money. This is one of the advantage on where offline currencies can match the thing here is that bitcoin isnt been backed by government which some people would see this as a drawback specially to those who do trust fiat currencies soo much.