Bitcoin Versus Government Money: One is Clearly Superior

[cryyptoexpert2020]

If you’re new to thinking about money, welcome. It’s a vast, broad subject, and one that repays upon consideration and review. Chances are you’ve given the subject more thought these days due to wild cryptocurrency price speculation news. And it is thrilling. To think you’re able to invest in a digital asset at any stage, in full or fractions, and ride its swings can fill our heads with dreams of wealth accumulation. And if that’s the spark causing you to click over here, awesome. You should also begin to learn just why this bitcoin thing, this crypto thing, this brave new world is maybe even more important than typical manias or get-rich-quick schemes.





It doesn’t take long to learn a truism: government money loses value over time. Empirically, you know this. You don’t have to carry a Nobel in economics to understand most products you purchased only a short time ago are more expensive. You’ve noticed, but, well, what can be done? It’s probably natural. It’s probably the way of things. Can’t be helped for some strange reason. A candy bar I paid for two years ago costs 25 cents more today. Meh, it’s not that big of a hit



reference: https://news.bitcoin.com/bitcoin-versus-government-money/

[Delgado]

State currencies and decentralized cryptocurrencies have their own advantages and disadvantages. Therefore, bitcoin was created as a means of payment, which should become an alternative to the existing payment system.
It will be better if the national currency of states continues to exist, and with it there will be bitcoin and many useful altcoins.

[aiviaa485]

Until whenever the government and Bitcoin will never go together because it is certain that both of them also have different principles.

I hope this will become a watch for all of us so that we are aware of the difference between Bitcoin and the Government.
But behind this difference we can take the best and this is a gap to seek profit, namely investment and trade.

[UNIVERSE]

So far, fiat by the government is more superior in most countries. It is centralized, issued, and regulated. It is legal, to be used for payment, and other transactions. Of course, everyone will use that fiat in order to do many things, especially in that country.
However, the crypto may have little bit effort to be able to accept in certain countries. Many countries still don't legalize or still ignore the existence of cryptos.
In this situation, many cryptos are decentralized, but some are centralized. The problem is sometimes the government doesn't like that crypto is there because of some issues.
however now, many more people and governments also open with the existence of the crypto world. The existence of Bitcoin moreover, can enhance the use and utility of the crypto. And this is not about power, but about its acceptance, utility, and also development.

[Gubre]

Disadvantages and advantages always come together in both parties and it become more and more obvious whenever somebody is presenting a comparison statement. But still both are really good to exist at the same time to answer the various interest.

[Nboramir]

Even if it is not Bitcoin, the superiority of blockchain technology has now been accepted by the governments and started to be used in many areas.

[densus88]

Even if it is not Bitcoin, the superiority of blockchain technology has now been accepted by the governments and started to be used in many areas.

yes It is true mate. The Government at several countries have accepted Blockchain technology and started to be used in many areas. Digital currency is the future technology, I think It will be more popular and be needed at the coming future. I believed about it

[Nboramir]

Even if it is not Bitcoin, the superiority of blockchain technology has now been accepted by the governments and started to be used in many areas.

yes It is true mate. The Government at several countries have accepted Blockchain technology and started to be used in many areas. Digital currency is the future technology, I think It will be more popular and be needed at the coming future. I believed about it

We already know that some cryptocurrencies like XRP are being scrutinized by banks. Who knows, maybe they will start to manage official government currencies via blockchain in the future.

[dodok]

from its function, bitcoin is different from digital currency, while government money is clear, and its uses are also different, bitcoin is often used to invest, while government currency is used for trading, buying and selling of goods or the like

[Fenix]

Public money is primarily a means of payment. Bitcoin is used very poorly as a means of payment. Given that digitized stablecoins of central banks of states will soon appear in large quantities, the use of bitcoin as a means of payment may still fall. Now, as a rule, in order to pay with bitcoin for a product, it must first be first converted into the national currency. So far, bitcoin cannot do without the usual currency of the state.

[Nboramir]

from its function, bitcoin is different from digital currency, while government money is clear, and its uses are also different, bitcoin is often used to invest, while government currency is used for trading, buying and selling of goods or the like

You know that bitcoin can also be used for trading if you are on this forum. Bitcoin can also be used in all areas where government coins are used. Where Bitcoin increases the cost, other cryptocurrencies may also come into play.

[jakasantosa]

If we compare TC with government money, it is clear that government money is better than BTC because BTC itself does not have its object form, BTC is just a numerical data that has a high selling price

[ShadowCrypto]

Reason why btc falls is because coins printed exceeds demand (and net sellers selling). If buying is more than what miners are selling btc has no choice to go up and bch will eventually follow. people are also taking btc off the exchanges which maybe at a 12 month low if i remember correctly from reading

[jet]

as of the moment, i would say that government  money is more superior than bitcoin or any crypto currency that are created on the blockchain. supposedly, crypto currency as just an alternative money to fill-in the hole of fiat system. Payment is the primary purpose of bitcoin why it was created. In order to send money faster and less fees bitcoin was created.

[Alcor]

Even if it is not Bitcoin, the superiority of blockchain technology has now been accepted by the governments and started to be used in many areas.

yes It is true mate. The Government at several countries have accepted Blockchain technology and started to be used in many areas. Digital currency is the future technology, I think It will be more popular and be needed at the coming future. I believed about it

Blockchain technology is unconditionally accepted by all states. I do not know of a single state that is critical of this technology and is not going to use it.
Cryptocurrency will not exist without the currencies of states. For cryptocurrency, it is important not to resist the usual currency, but to work together and supplement it with its new capabilities. Therefore, there is no need to compare them with each other.