Cash vs Digital currency

in #cryptocurrency • 6 years ago

There are pros and cons of both.

Cash
It's easier to tamper with taxes
The state can not rob you as easily
It´s slow to move and transfer
It weights more
You dont need to remember any password to carry your cash
It's easier to find cash if you lose them
Hacking proof

Digital Currency
It´s getting harder to tamper with the taxes. (soon impossible)
The state can rob is easier
It´s cheaper to move and transfer
If you loose your password = you cry hard
Hackers paradise - They can rob you (and the govs)

So which is the best?
I think you need a mix of both.

Don´t try to go 100% crypto currency.
Whether you are going to shop for food, clothes or anything else. Use cash.
Are you going to order goods online, then use digital money or if you are buying more expensive items.
if cash is completely lost, how can you handle a financial crisis?
The banks / state will take all your savings a lot easier.
Worst victims will be all new in the digital world who do not know anything about cold waller, paper wallet etc..
I love crypto and the idea of crypto.
But, It can also be a backlash for everyone.

Thank you.

#bitcoin #blog #technology #steemit
6 years ago in #cryptocurrency by
$0.00
    2 votes
    Reply 3
    Sort:  
  • Trending
    • [-]
     6 years ago 

    I disagree with your comment about the state cannot rob your cash. If hyperinflation causes your cash to be effectively worthless, which has and does happen, consider yourself robbed.

    [-]
     6 years ago 

    If you have your cash on a bank and the crisis is coming.
    Can you remove your money or do they stop all cash withdrawal?
    It´s not like they are going to give you back your savings.
    And look at USA, the police can swap all your credit/debit card for no reason.
    They dont need to tell you why they do it, only say you look suspicious.
    They are not going to slow down that technology, instead push it.
    It going to be way eaiser for them in the future.
    Rememer they have unlimited budget to fund their projects and we dont.

    $0.00
      Reply
      [-]
       6 years ago 

      Congratulations @brallis! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

      You published more than 20 posts. Your next target is to reach 30 posts.
      You made more than 10 upvotes. Your next target is to reach 50 upvotes.
      You got a First Reply
      You made more than 10 comments. Your next target is to reach 50 comments.

      Click here to view your Board of Honor
      If you no longer want to receive notifications, reply to this comment with the word STOP

      To support your work, I also upvoted your post!

      Do not miss the last post from @steemitboard:

      SteemFest3 and SteemitBoard - Meet the Steemians Contest

      Support SteemitBoard's project! Vote for its witness and get one more award!

      $0.00
        Reply