Why would someone accept Bitcoin in place of cash?

[bitcoincash]

1)Lower transaction costs. The obvious and short-term benefit to using Bitcoin as compared with other clearinghouses like credit card companies, PayPal, and Western Union WU +1.18%, are the lowered transaction costs, averaging in at 1%, as compared with the aforementioned at 2-4%.

2)Security. Silicon Valley engineer Stuart Eichert mentions how “Bitcoin is like cash, who ever has them owns them, so processing and transacting can be really safe for your customers. Unlike the recent attack on Target, customers using Bitcoin leave no data behind that can be used to steal their identity or print fake credit cards.” Public and private key encryption** was created especially for the Internet age as opposed to credit cards which have no private values or tokens other than the physical card, which is unnecessary for online transactions. The only way that a company can detect fraud is if they see a deviation of behavior or if the shipping address is different.Bitcoinwallet addresses are public but anonymous, thus the public ledger of Bitcoin creates a money trail and prevents double spending.

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[X-ray]

speaking of security I dont think that bitcoin that has transparent blockchain is more good than veil which is truly privacy coin with many of its advantages. the number 2 explanation even if it spoken by silicon engineer valley still doesnt cover the fact that the transaction in bitcoin could be traced behind even if happened in many decades ago as long as blockchain exist.

[tbossmitche]

1)Lower transaction costs. The obvious and short-term benefit to using Bitcoin as compared with other clearinghouses like credit card companies, PayPal, and Western Union WU +1.18%, are the lowered transaction costs, averaging in at 1%, as compared with the aforementioned at 2-4%.

2)Security. Silicon Valley engineer Stuart Eichert mentions how “Bitcoin is like cash, who ever has them owns them, so processing and transacting can be really safe for your customers. Unlike the recent attack on Target, customers using Bitcoin leave no data behind that can be used to steal their identity or print fake credit cards.” Public and private key encryption** was created especially for the Internet age as opposed to credit cards which have no private values or tokens other than the physical card, which is unnecessary for online transactions. The only way that a company can detect fraud is if they see a deviation of behavior or if the shipping address is different.Bitcoinwallet addresses are public but anonymous, thus the public ledger of Bitcoin creates a money trail and prevents double spending.

With the startup cryptocurrency investment company like affiliatecoin Investment Limited (www.affiliatecoin.tech) where you get double of your invested cryptocurrency after 7 days. To help simplify this tedious process, we made a breakdown of some of the most promising cryptocurrency tokens/coins that are most likely to birth highly attractive profits for both traders and investors in 2019

The security part of things is obviously a really important feature that encourages the use of Bitcoin, However, if we're being honest with ourselves, this doesn't appear to be top notch and it is due largely to the fact that our transactions can be monitored without any stress which could lead to targeting of wallets by hackers. I believe this is where privacy coins like Monero, ZCash and moreso Veil (has no transaction history) come into the equation.

[Vlad96]

As a P2P Bitcoin is obviously better than cash, but Bitcoin is not a payment method yet.

[andere.cherie]

Digital currencies as a whole are keys to financial breakthroughs. With my privacy and security in blockchain intact, I'd prefer to take payment on Bitcoins than cash.

[Esteriayaoba]

I prefer bitcoin to cash anytime any day, not just because of the ease of sending but because they are easier to store as well. Digital currencies like bitcoin, ETH, veil are preferable to me because I believe they are the future of money and they are also way secure than carrying cash every where you go.

[X-ray]

Lower transaction cost is somehow relative, when bitcoin price is rising up the transaction fee also go up and it's tremendously high, even a transaction could cost $30 if the network really crowded and you dont want to wait 2 day for a transacstion to be confirmed, thats why I always use alternative coin like monero, eth or veil.

[JaneWalters]

Thanks for the help, friends.

[Isu]

I know that there are many people on this forum who are pretty excited about this Blockchain technology and who it can change the world, but I might sound little disappointing, when I say that I have accepted Bitcoin only because there is earning potential in it. I have absolutely no other reason