PHYSICAL MONEY OR CRYPTOCURRENCY.

in #hive-1538503 years ago

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Hello beautiful✨ people of #hive-learners community, and to every reader across the world🌎 greetings to you all from @youngmiliki and I welcome everyone of you to our weekly featured contents.

Week-06 edition-02

PHYSICAL MONEY OR CRYPTO.

              ```Ever since Cryptocurrencies became a thing and got the attention of the world, many governments have been against it while others embraced it. What about you as a person? Do you prefer the digital form of money? Or you would rather use the physical money? Give reasons as well, we would love to know.```

Honestly, this topic is kind of confusing and interesting but I will have to choice one out of the two.

First of all we need to understand what the physical money is to the world and how its been used, in today's world, physical money is every where, it is used all over the world to pay for services, for purchases, food, loans and other more. However, the physical money or paper notes are in circulation over the world by accepting the currency, a merchant can sell his or her goods and have a convenient way to pay their trading partners. And the Digital form of money (cryptocurrency) is a tradable digital assets or digital form of money built on a blockchain technology that exists online and it's process known as mining which involves using of computer to power up and to solve some complicated mathematical problems that generate coins. However, this digital form of money can not be used instantly but rather good for the future saving.

                ```PHYSICAL MONEY OR CRYPTO.``` 

I would prefer the physical money to CRYPTO form of money. For me I would rather chose physical money that is acceptable in every country by the government, why? Because the physical money is something preferable to those who runs the local businesses in daily basis, and also to every individual for living. But the physical money has its own advantages and disadvantages as well.

                   ```Some of the advantages of the physical money.```

Physical money gives you freedom, when you have enough money you can live where you want, take care of your of needs, and indulge in your hobbies.
Physical money give you power to pursue your dreams.
Physical money gives you security.
Physical money helps in maximizing consumer's satisfaction and producer's profit.

                      Disadvantages of physical money

Instability in the value of money- too much physical money reduces its value and causes inflation.
Illegal activities- Money is the root of evil, cause of thefts, murders frauds etc and this occur due to the greed for having money.

Thanks you guys and I wish you guys a wonderful day.
@youngmiliki
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I got your post, and In a nation like ours were Crypto isn't legalize, one can't trade or buy item with Crypto like it's done in top nations.

     I got your post, and In a nation like ours were Crypto isn't legalize, one can't trade or buy item with Crypto like it's done in top nations.

Yes oooo that's why I prefer my physical money as a businessman that I am lol......thanks to your comment bro

You're welcome boss.

Imagine trying to pay a bricklayer in coins 😂😂...He will ask for his normal cash and so many other business, most people do not even love the idea of transferring.
Physical cash plays a role and we would admit that

       Imagine trying to pay a bricklayer in coins 😂😂...He will ask for his normal cash and so many other business, most people do not even love the idea of transferring.

Physical cash plays a role and we would admit that....

@gone-hive lol.....that bricklayer will use cement to build physical money on someone head if you talk about coins with him Lol.
Thanks to your comment bro

Physical money does give one freedom, but that is only in a sense. Because you can only have that money when it is in cash in your hands. When the money is in the bank, the banks have total control over it.
Just my thoughts though...
Thank you for sharing this with us.

@bruno-kema lol.... My able mod your thoughts are well appreciated and well received cuz what you have just said the true when the physical cash is in your hand you are in control but when is in the bank you're not in control lol thanks to your comment

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Very correct, it is good you made the right choice for you and of course we all
Make use of fiat daily basis which is very true even though we don’t save enough but it helps a lot in daily activities, crypto only help us save more and also track our daily expenditures too.

Thanks for sharing this with us bro👌✅ have great day ahead🤝

       crypto only help us save more and also track our daily expenditures too.

@channell1 yeah and crypto is good for the future to enable us be billionaire thanks to your comment bro stay safe bro