Many have heard about the emergence of virtual money. And some have already learned how to use them: extract, earn, exchange, pay and accept payments. Any new phenomenon always makes people want to debate. What is more firmly established in our life: electronic or paper money.

Or will they get along with each other? Skeptics believe that digital currency is not viable, and government officials generally call it a monetary surrogate. And those who already have such valuable virtual coins in their online wallets only grin at such conservative manifestations and use them successfully, no matter what.

 

With some similarities, there are significant differences

To get an objective answer to the question of which money has the right to live and which does not, we will try to figure out how electronic money differs from paper money.

What is common between fiduciary banknotes and virtual money? There are many similarities:

Application as a means of payment for a purchase or service.
The opportunity to earn.
Exchange functions between users.
Conversion to another currency.
Accumulation and investment.
To understand which is better, electronic or paper money, you should consider their differences. For a specific example, lets take the digital currency Bitcoin, as the most popular, it is also the discoverer of the era of virtual money.

The availability of cryptocurrency for everyone, regardless of the level of knowledge of computer technology.
Digital currency, in particular, Bitcoins, is not controlled by anyone "from above", it does not have a controlling body.
Saving a database of all settlement transactions, which is open to all users.
The ability to choose options for storing Bitcoins, depending on the purpose of their use.
Full user privacy.
The ability to independently produce new Bitcoins through mining.
The impossibility of counterfeiting, counterfeiters will not be able to realize their abilities in the field of virtual money.
Bitcoin cryptocurrency has strong protection based on the development of a security program against "hacking".

Try on a new phenomenon

By delving deeper into the essence of electronic or paper money, you can discover completely new opportunities. In our time, a time of high technologies, one cannot "mark time", stay away from the events, discoveries, innovations, radical changes in various spheres of life. Thus, you can skip the most interesting, useful, so that our life takes on a new quality. Dont we want to live a better life, have enough money to travel, buy new cars, dress decently, improve our life. It is clear that for this one should not "sit back" and envy: "it is good for them, they have everything." You need to go forward, try, study, experiment, no matter how trite it may sound, and not indulge in idle curiosity.

A new type of money has appeared, why not try this innovation on yourself? How electronic money differs from paper money, we figured it out. Lets take a closer look at some of the differences to understand how digital money is acceptable to us?

 

Available experiment

For example, free access to cryptocurrency, isnt that a reason to pay attention to it and let it into your life? After all, there is nothing easier than trying, for this you can easily get registration on the site and replenish in your person (in encrypted form) the ranks of the main Bitcoin register. On computers or other suitable devices with an Internet connection, you can quickly, without unnecessary hassle, register a Bitcoin wallet. From the minute you have an electronic means of storing cryptocurrency, consider yourself a user of money of a new formation.

And now, through your own research, conducting a kind of experiment, you can find out yourself which is better, electronic or paper money.

 

The bastion of financial freedom

You dont need to be a professional analyst, financier or politician to understand that the traditional monetary system is in the hands of the state. Such a financial policy is based on the decisions of the supreme power, and by no means on the interests of citizens. Using fiduciary money, we are completely dependent on the exchange rate of the national currency, on the state of the economy in the country. People have fixed salaries, pensions, social benefits, the amount of which is determined by the Ministry of Finance, led by the Cabinet of Ministers. In other words, there can be no question of any financial freedom in dealing with paper money. And we again return to the choice: electronic or paper money.

It is unlikely that a conservative can be convinced of the advantages of digital currency. But among us there are many people who are not alien to the state of inner freedom, and we strive for freedom in all spheres of life. This is how the Bitcoin system is built, it is free from central control. The governing body replaces the blockchain system representing a distributed database.

We can say that this unique program does not require control from above. The block chain forms peer-to-peer nodes, it accumulates and constantly adds all information about all calculations made in Bitcoins. Moreover, all this happens in complete confidentiality. And, if in what way electronic money differs from paper money, it is this advantage. No one will ask, reproach, make a claim or block your account. Because no one knows the username.

It cannot be argued that electronic money can completely replace paper banknotes. This will depend on the development of society, the formation of attitudes towards different types of currencies, and on the policies of states. Time will show that electronic or paper money is better. Perhaps at the moment the answer will be correct - this is the possibility of free choice of the user himself. But the very fact of the appearance of an alternative currency predicts great changes in the financial world. Analysts forecasts speak in favor of virtual money.