Five real reasons why the Dollar is way better than Bitcoin

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hawk_2016Member
Posts: 6 · Reputation: 155
#1Mar 25, 2019, 03:23 PM
Seems like thieves are way more into BTC than they are into my friends, neighbors, or even co-workers. Lately, it looks like CEOs in the Bitcoin and crypto space have a higher chance of getting kidnapped or attacked compared to those who stick to regular cash. Bitcoins are based on a bunch of complicated stuff that most folks just won't get. On the flip side, the Dollar has the backing of the full faith and credit of the US government! Sure, the Great Green Dollar loses value over time, but that means you can get larger amounts pretty easily! One Dollar will always be One Dollar! MDGA: Make Dollars Great Again! Got more thoughts to share, just let me know!
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mr_satoshiSenior Member
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#2Mar 25, 2019, 05:00 PM
Yes, there are ways the dollar is better than bitcoins, but don't ignore that there are also ways that bitcoin is better than the dollar. Consider that it is not under government control, and also think towards the fact that its fixed supply ensures that its value over time will appreciate.
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hawk_2016Member
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#3Mar 25, 2019, 07:15 PM
Right on, The Great Green Dollar loses value, so they are often really easy to obtain in larger amounts!  ps. That one belongs on the list, thanks for the reminder.
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ryanwizardSenior Member
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#4Mar 28, 2019, 12:59 AM
We can enjoy the vibes while it lasts, just some few hours remains, I hope some are not food already by the first day of the month of April, there is a lot to learn from days and we are getting to discover more between bitcoin and dollar and this is getting more interesting because everyone will understand why he's using to stand where he is, are we to remain decentralized or be controlled by the same economy pattern of a centralized authority in financial economy, let's catch the fun and make it time memorial.
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just_bridgeSenior Member
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#5Mar 28, 2019, 05:18 AM
I wouldn't say you are wrong because I do not know what lens you are looking at it from but base on the evidence, I would say that I do not think that bitcoin has in anyway been in competition with the Dollar. I don't even think that the purpose for which bitcoin was created was to topple the dollar or any other currency. So far it has gained much popularity and acceptance because of its core principle of individuals being their own banks and in control of their own finances. There are other use cases but that is one of its core principles. Once again, we wear difference lenses in looking at bitcoin and the dollar or fiat in general.
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maxi2017Senior Member
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#6Mar 28, 2019, 08:36 AM
I disagree.  You do not build a fixed-supply, decentralized, alternative currency if you are not trying to replace the centralized, inflationary garbage we use now.  Think about it, the genesis block literally contains a newspaper headline about bank bailouts.
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tony69Senior Member
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#7Mar 28, 2019, 11:31 AM
So many posts coming up why dollar is better than Bitcoin because Bitcointalk changed to Dollar talk recently? Is that why these topics all around the corner? While aren't there dollar reserves from many higher institutions if I may ask, whatever causes investors to consider it as a reserve is worth it. So aren't you thinking Bitcoin is worth more than dollar for making itself the identity of reservation?
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shard_minerSenior Member
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#8Mar 28, 2019, 04:33 PM
The dollar is a currency just as Bitcoin is, but the reason why Bitcoin is called digital gold makes the difference between it and the dollar. Bitcoin being kept in your wallet can triple or double in value over time due to speculation and volatilities which is a core driver for its value, it can also dip to a very low price causing massive liquidity. The dollar on its own seems more of a stable currency backed by the United States government and is more of a major currency that can be spent in cash or via credit or debit cards as compared to Bitcoin that doesn't have a physical currency, but is digital and would likely have to be swapped or converted to USDT or USD or any other coins before using it for transactions or trade to make more profit and because of fees. Although the dollar and Bitcoin serve separate functions, both are distinct in use and application and can't be argued about.
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paul_omegaFull Member
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#9Mar 28, 2019, 06:26 PM
Dollar is the greatest, either we like it or not. Dollar isn’t influenced by Trump, you wouldn’t wake up any day to find some tweet by Trump on X and the market starts doubling down on the low, only Bitcoin would you see such behavior. Should there be reasons that your dollar gets missing, the government is always there to replace it when it’s not an obvious error from you. When it’s about Bitcoin, it’s just gone. You never can go wrong on dollar transfer fees because, it operates a flat rate but, Bitcoin, it’s the one place you can send a transaction and the fee would be worth more than the transaction itself.
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AtomicStakeFull Member
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#10Mar 29, 2019, 12:13 AM
The dollar is centralized, controlled by the US central bank. Even the dollar is strong because the dollar is used as the only fiat for international transactions. What if Iran's plan with the dollar is implemented? Or if the US completely collapses and goes bankrupt? It is not impossible, maybe very soon we will see this happen in reality. Would you still call the dollar good? Bitcoin is decentralized, Bitcoin does not depend on any country or any institution. Even the open source network, blockchain technology and P2P transaction facilities make Bitcoin even more powerful. I don't know if you are right or wrong, from which perspective you are talking. Maybe from your perspective you are right, but from my perspective you are wrong
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boss_wizardSenior Member
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#11Mar 29, 2019, 01:01 AM
1. You just don't put enough attention to crime going on with cash 2. So does anyone holding stashes of gold 3. Is the reason why bitcoin is secure, cryptography is the one securing your paper money in banks as well except they used inferior cryptography 4. No comment 5. LOL 6. Until you want to buy something else Obviously you are being sarcastic.
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HyperCipherFull Member
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#12Mar 29, 2019, 05:09 AM
OP you say "Five actual ways the Dollar is much better than Bitcoin"! I have five actual words for YOU, - "Ok ser, you do you"! Here's another five words. Mods, lock this useless topic.
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im_bullSenior Member
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#13Mar 29, 2019, 07:12 AM
Post on social media that you own 1 million dollars and see if you would not be a target for robbers and kidnappers. Criminals just want to know that you have any form of money Do you know how the dollar is printed? I guess many people don't. You don't need to know the complicated aspects of Bitcoin. But can one dollar buy the same thing it bought two years ago? You need dollars for daily transactions. But saving or holding the dollar is a financial mistake.
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benledgerSenior Member
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#14Mar 29, 2019, 04:20 PM
Guys - check the date this was posted - April 1st! Anyway for the hell of it lets answer the points Rest assured that "thieves" or scammers/hackers are equally attracted to FIAT and be sure that they are constantly trying to breach banks security, credit/debit cards and anything related to FIAT also. Your friends, neighbours and co-workers are happy to follow along the FIAT system because they likely dont have a full financial understanding [no disrespect, I ddnt either until getting into Bitcoin] It is also the case with rich and wealthy people who make their wealth through FIAT based investments, it happens all the time. Criminals involved in this dont care whether they target FIAT or Crypto, they are after wealth in general. FIAT is also backed by complicated stuff which the majority of people dont understand but like Bitcoin you dont necessarily need to know those complicated stuff. At the very least you only need to learn how to secure your coins with a hardware wallet for example. The key word in that sentence is "faith" It has come to light and prominance that a lot of backing comes from the middle east in the form of the Petro-Dollar, an inflated economy based on trading oil in US$'s. It remains to be seen what happens when the Petro$ is replaced by the PetroY and really easy to lose in large amounts and inflation increases yea, but its no peace of mind when you need more and more of them for a loaf of bread
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gmfrensFull Member
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#15Mar 29, 2019, 07:22 PM
If a kidnapper finds out that you have a thousand dollar in usdt or a thousand dollar worth of bitcoin, will the fact that you're holding dollar as opposed to bitcoin save you?  Is bitcoin now the reason why thieves steal? What about that are not even invested in bitcoin but yet are being stolen from? What then do you want to say about them? If I have $10,000 In USDT, in the next ten years, the value is going to remain ty same regardless of what happens. If I do same for bitcoin let's say in the past ten years, it only means that at this point, I'm q well Ballance bitcoin holder and even if I decide to sell my bitcoin at this point, I will still be at a better advantage than the one that leaves his asset in dollar form.
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omega2017Full Member
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#16Mar 30, 2019, 07:35 PM
I bought some more. Used local currency to eur to night token, from traditional banking. You behave! I get my beer. Perhaps a quick in out. Friday bar at the radical left wing institution? Well pardon me! I just buy what is not in opposition to what i want. Colas for hangover dudes. The whole idea of securities shines like blackmail in that light. You learn to enjoy oil prices when you buy it by the barrel. But first you have to learn that your partner are not evil or that relation ship won't last. Nato would be a lot cheaper without enemies. Telling you it's getting syncronized, Still not capitulating to 80's doctrine. What happens if you mix defence with securities. Polymarket front runners? Told you i convert some of it to rational privacy. Tokenized. You can sell all the privacy you don't use as dividends. I hope! Calls for a bargain. I celebrate easter today. You know. Jesus went by-by but came back to say hello. Since it's not real. Very religious. Satan is an atheist. Who is more crazy than your President? Who is more appreciated for his negotiating skills? Jesus showed sign of lacking skills when he tried to crash the market. Not enought umpph to get the real God involved. Who would serve time as the prime rib roast to harvest some attention? A pig in a tyrrany. Oink oink. You are past institution now. Cops don't need it on tape. See. privacy. For radical thinkers amongst others. "Institution" would be whatever grade that kept you from doing what you really wanted to do.
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node_walletSenior Member
Posts: 139 · Reputation: 949
#17Mar 30, 2019, 08:35 PM
It's true that Bitcoin is not in competition with the dollar or any other traditional currencies, it is a unique brand that stands on it's own because it wasn't created to topple Fiat. People hold Bitcoin and fiat for different reasons, Bitcoin is a store of value and a decentralized digital currency, it is the exact opposite of what fiat stands for. It depends on how you look at Bitcoin to conclude that dollar is better or safer than Bitcoin, maybe because robbers and kidnappers targets crypto owners but we shouldn't forget that there are far more robberies, ransoms and extortions in fiat than Bitcoin.
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omega2017Full Member
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#18Mar 31, 2019, 12:31 AM
I bought for 100 dollars in case you need for a pizza. Sell yours now. What if you want pizza and you don't want to sell your "money"?+ Local currency.
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tom1337Full Member
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#19Apr 2, 2019, 02:14 AM
Dollar is not entirely better than bitcoin. Dollar is a traditional currency fully backed by the US government, and widely accepted. But when it comes to investment, Bitcoin can offer investors very high return on investment, and more especially on the long run as a result of it's volatility. While dollar is a fiat currency, and centralized, bitcoin is a decentralized digital currency, and as well as an asset and if you ask me, owing bitcoin is more advantageous than owning dollar as a traditional currency. Bitcoin is an asset, if you own dollar and you want to own more dollar, you invest in Bitcoin to make more money. People who keep their dollar in the bank makes no profit, but people who invest their dollar in bitcoin multiplies their money in the long run.
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calmguruSenior Member
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#20Apr 2, 2019, 04:23 AM
There are several institutions that have their reserves in dollar too but that does not mean dollar is the only way out here. It depends on which angle you're viewing from since it's like a two edge sword. Quite alright, dollar will appear to be much better than bitcoin in some area but bitcoin is also far better in many aspects. I think it's unnecessary to always raise a debate on which one is better among the duo. First of all, people assume the two (bitcoin and dollar) to be in competition while in real sense they are not. They are meant to coexist, not to cause division. Dollar is what you need to get bitcoin and it's nothing more.
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