Durability, convenience, security, flexibility, friendliness, usability/benefits, excellence, speed, togetherness, and independence.
Which is the most important and which is the priority?
1. Durability
The problem of resilience is of course bitcoin cash is better than fiat. Not easily damaged compared to fiat money in the form of paper, metal. Its digital form can be said to have better durability than fiat.
2. Convenience
The language of convenience will certainly be the keyword for use in everyday life. The easy problem between fiat and bitcoin cash can be seen in terms of the readiness of the times according to its existence. And in the technological era that has now developed so significantly, it is certainly easier and more practical to use bitcoin cash than fiat.
3. Security
The safety factor in terms of the word money will be the basis of everyone. Both in small and large quantities. In the value of the large category, the safety factor when having and carrying large amounts of money is certainly a problem and in the end, a solution is carried out. If the existing money and already know a lot, it requires very complicated security, while bitcoin cash is simple and very safe to say it is safe. So the security of bitcoin cash is better than fiat money.
4. Flexible
This means that for this one category, it is flexible to be used or converted at any time and anywhere in a relatively short time. Because of its digital form and has the characteristics of real-time online. Fiat when converted to real-time is certainly more difficult and takes time and a special place when needed.
5. Hospitality
The problem of environmentally friendly actors is now an important problem for the world. Not to mention the problem of the existence of the use of raw materials and the various contents required for a banknote or metal. For bitcoin cash, of course, it is more environmentally friendly because there is no use of materials needed for the creation of this p2p currency. If the problem is in terms of mining, now the solution to the mining world has also shifted to systematics using environmentally friendly energy such as solar cells, hydropower, or wind power. The point is that bitcoin cash has more of a friendly word for the word world than fiat money.
6. Benefits
For an explanation of the benefits and uses, there is one thing that is greater than the fiat money that has long been used. Not just as a medium of exchange, but the benefits that do not exist and cannot be presented to fiat money so far are the problem of decentralization and the systematic problem of blockchain which is recorded in every transaction. Fiat transactions can only be recorded if it is through a systematic bank or institution that serves as a service provider, but when used for direct shopping between buyers and sellers in small or large stores that do not record fiat transactions, the transactions are not recorded.
7. Advantage
At this point, from the existence of points one to en, it can be said that the advantages of using bitcoin cash are points. But that's not what the word superior means, but superior in terms of the value of fiat currency. Because in its limited formation it can increase in value every time there is a halving where the reward for miners is deducted to make bitcoin cash more valuable in the market.
8. Speed
For the word transaction speed and the use of bitcoin cash is faster than fiat money. The p2p system used makes the sending or paying system between individuals, groups, regions, countries, and continents faster and more practical. The cost can be said to be cheaper than the use of fiat money which costs a lot of money in transactions.
9. Togetherness
Bitcoin cash was founded and grew on the basis of a stateless currency. In contrast to fiat which has the nature of each country that issues its currency. So for the word togetherness, bitcoin cash has a wider scope than fiat money. Everyone from any part of the world who uses bitcoin cash feels that they are one unit in the same community. Freedom and equality in the world economy.
10. Independence
Its freedom, decentralized and multi-purpose nature makes and trains every individual who uses bitcoin cash to be more independent. As in trading, investing, and other things. Not tied to any institution and not bound by the word difficulty in making decisions. So the word independence to learn to manage your own money is greater in the use of bitcoin cash than fiat money.
The ten points above, if studied, are certainly common and are found by every individual in general, in fact. Apart from that, the negative problem of using bitcoin cash when discussed is the same as fiat money, in essence returning to the person. Such as hacking issues, money laundering, or being used for bad organizations. So if seen and studied clearly it is not bitcoin cash that is negative but the people who use it make bitcoin cash negative. Likewise with fiat money, not in reality.
Then there is a question that arises from it all when viewed from what if the internet is completely dead, or there is no network. And also other problems such as rejection or chaos such as war. For this, I think it can be said to be like going back to the early days of civilization where barter was the only answer as a medium of exchange. Because of the possibility of a shift in the destruction of the world economy along with the ecosystem as a whole.
In a final word, bitcoin cash is actually better than fiat money, which has quite a few drawbacks and creates inequality that exists and exists today. So that gave birth to the word bitcoin cash created in today's world.
other sorce:https://read.cash/@Alther/bitcoin-cash-compared-to-fiat-0810f893