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Topic: Acceptance of bitcoin as payment! - page 3. (Read 1004 times)

newbie
Activity: 8
Merit: 0
March 14, 2019, 01:58:58 AM
I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.
Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply
in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.
To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries.

Wasn't bitcoin used to close transactions you had in deep web?
sr. member
Activity: 854
Merit: 250
March 13, 2019, 05:20:29 AM
In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large
copper member
Activity: 168
Merit: 1
SIGMA by HYDRA X
March 13, 2019, 04:46:44 AM
I agree in particular with your submission.
I could remember when I was new to crypto....my friend that invited me to crypto spent considering amount of time getting me conversant with how to use blockchain and the rest.
I must confess that the task was daunting and frustrating to say the least because the whole thing looks foreign to me.
What I am saying in essence is that, for bitcoin to attain the position of a payment medium.
Theres the need for proper education .
I think there should be a course on blockchain in our colleges.
This I believe would drive adoption.
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
March 12, 2019, 09:53:14 PM
There could be means or methods to use for the acceptance of Bitcoin. The transactions you are talking about which is a difficult task for  a begginer or a common individual who does not have ideas about it can be a real hindrance for usage and acceptance . Exchanges can make this simple using third party softwares to make things even simpler.
hero member
Activity: 1092
Merit: 501
March 12, 2019, 03:00:33 PM
It should be used as a currency and not alone as an investment assets

I know a lot of people who hold a part of their wealth in the form of physical cash.
They are lucky who are holding it, because as time passing crypto currency is gaining value and importance so in shoes and markets digital money will be acceptable and real or fiat money will lose value, in several markets when you go for shopping they will first offer you to pay with digital money because it is our future, holding your money as crypto saves your future.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
March 12, 2019, 11:49:21 AM
If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...
Adoption is termed as a major necessity for the acceptance of bitcoin as payment by most people, but as stated in the above quote bitcoin as a payment acceptance needs to begin from each and every user who wish to make use of bitcoin on all their regular needs. In specific people who are using bitcoin as well having their own physical business needs to begin accepting bitcoin onto their services which will also contribute good.

Well let's face it, regulations will help get confidence from investors knowing that their money can be backed up. I know decentralization and anonymity are big factors for crypto but certain security risks come with it. And governments will always have a say whether we like it or not so might as well just find a common ground.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
March 12, 2019, 11:06:13 AM
If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...
Adoption is termed as a major necessity for the acceptance of bitcoin as payment by most people, but as stated in the above quote bitcoin as a payment acceptance needs to begin from each and every user who wish to make use of bitcoin on all their regular needs. In specific people who are using bitcoin as well having their own physical business needs to begin accepting bitcoin onto their services which will also contribute good.
copper member
Activity: 2828
Merit: 4065
Top Crypto Casino
March 12, 2019, 10:53:36 AM
If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply

We don't need to have regulations to use Bitcoin there is nothing stopping us (or merchants) and we don't need regulations to see mass adoption. It will come from people themselves, whatever because they're looking for an alternative payment system, financial privacy, or they're interested to save up on the fees, are unbanked, ...
legendary
Activity: 3374
Merit: 6880
Top Crypto Casino
March 12, 2019, 10:34:20 AM
We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  
Eh, I've thought a lot about bitcoin and its utility as a currency, and while it certainly works (I've used it to buy things a number of times with little trouble), the general public really has no need for a cash substitute as long as that cash has value.  In addition, everyone gets paid in fiat; goods & services are priced in fiat; and unless you somehow end up with bitcoin in your lap, you have to go out of your way to buy it with fiat.  It therefore makes no sense for the average person to spend it.

I'd say for most bitcoin/crypto enthusiasts, bitcoin has more value as an investment due to its volatility, and you'll see that most members on this forum are always hoping it'll shoot to the moon, and less often you'll hear about how its used as money--though people here definitely do use it for buying things.

If and when we get a hyperinflation situation, it might be useful as money but more likely we'd just use another currency that wasn't devalued.  Venezuela is going through that right now, and I don't think the typical Venezuelan is using bitcoin for their grocery shopping.  I have heard stories about crypto being used there, but my impression is that it's not particularly prevalent.

But hey, keep at it trying to get people to use it.  The more people who do, the better it is for all of us.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
March 12, 2019, 10:22:08 AM
I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.
Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply
in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.
To back up all these claims Brazil had started using bitcoin as a means of payment in their movies industries definitely this will motivates other sister industries to follow the trend by making provision for digital payment in form of bitcoin, honestly with all these various positive adoption of bitcoin solidifies or reinforced the fact that bitcoin is gradually gaining ground and it will not take long before its fully adopted in many countries.
full member
Activity: 658
Merit: 106
March 12, 2019, 08:18:37 AM
I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.
Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply
in several countries bitcoin already accepted as currency, they could spend their bitcoin in several place ,usually in tourist attraction.more place accept bitcoin it will bring new demand to bitcoin.
member
Activity: 644
Merit: 10
COVIR.IO
March 12, 2019, 03:09:52 AM
I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Merchants will chose best way for them to sell the products.  Most secure, cheapest and with least problems.  They will and are on the head of adoptions. Not people. Not buyers. People use it as an investment right now since it is also useful.   Chinese owners of hydro plants used Bitcoin as a store of energy.  Bitcoin is just so cool to have many use cases. That is why it is so valuable.
Bitcoin is really important for our furture because of many reason. Accepting bitcoin in many merchants are now happening around the world, its getting easier to own and use bitcoin so I’m very confident on the future price of bitcoin, it will be big for sure.

I am prefer believe bitcoin will become store of value or digital asset like gold in our real world. It could used in merchant but with i am believe banks will oppose this and central banks must be want to create their own cryptocurrency or digital money

Other bitcoin or crypto are indeed worthy to be used as assets for the long term, if there is still a lot of payments to receive payments, this is easily controlled by the government. Crypto is very suitable for personal assets for peer-to-peer systems for individuals and only a few companies accept it.

If bitcoin regulated in many country as currency and able for used in merchant, perhaps bitcoin can useful for tourist because its more secure and flexible. But i think bitcoin will become digital asset because government must be wont lose control on money supply
sr. member
Activity: 1078
Merit: 256
March 12, 2019, 02:04:13 AM
nowadays there are many bitcoin users who benefit, in addition to providing bitcoin benefits it can also be used for easy payment by its users. Because it's easy to pay with bitcoin is very acceptable to the public.
it is an advantage that is obtained by using crypto currencies and maybe crypto currencies are created to keep up with the development of the economy by using the development of time and technology
Yes  it is mode for our own benefits and it is able to give us good result as currency and as investment too, bitcoin is best technology which is like great it made our life easy and it will give our country new time of development, it is good for long term holding so that it will increase in price which gives profit.

It should be used as a currency and not alone as an investment assets, this system can help the industry if being implemented and adopted everywhere, transactions can easily be done and every people around the world will benefits, it's a convenient way for such alternatives with bringing physical fiats or using cards, if bitcoin will be adopted it will bring new type of payment process,.
jr. member
Activity: 462
Merit: 2
March 12, 2019, 01:36:52 AM
#99
Indeed, Bitcoin should be used as a payment method, if viewed from all-tech developments it makes everyone not have to bring cash in transactions on the market, this is quite beneficial for all parties if done.
What else is there now a lot of criminals, robberies, etc. with the passage of the method of the pre-paid bitcoin system is safe enough for everyone on the trip or trading.
member
Activity: 448
Merit: 10
March 12, 2019, 12:52:19 AM
#98
nowadays there are many bitcoin users who benefit, in addition to providing bitcoin benefits it can also be used for easy payment by its users. Because it's easy to pay with bitcoin is very acceptable to the public.
it is an advantage that is obtained by using crypto currencies and maybe crypto currencies are created to keep up with the development of the economy by using the development of time and technology
Yes  it is mode for our own benefits and it is able to give us good result as currency and as investment too, bitcoin is best technology which is like great it made our life easy and it will give our country new time of development, it is good for long term holding so that it will increase in price which gives profit.
legendary
Activity: 2030
Merit: 2174
Professional Community manager
March 11, 2019, 03:33:43 PM
#97
The bitcoin price has become much more stable over the years, and will get more stable as time goes on, and it becomes more wide spread.

I am of the opinion that accepting Bitcoin as a payment option would facilitate it's price stability, and not the other way around. Yes, it has become more stable, but is still has speculative value and would remain volatile until it is pegged to real products and services.
member
Activity: 141
Merit: 19
March 11, 2019, 03:14:20 PM
#96
I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

Something can only be used as a mode of payment, if it has value. Nobody will let you pay in something if it is worth nothing...they want to exchange goods or services for something that has value.
Gold is something that had value, and that is why it is used as money. It too also has people trading it and making profits on the pricing.
The bitcoin price has become much more stable over the years, and will get more stable as time goes on, and it becomes more wide spread.
hero member
Activity: 1078
Merit: 501
March 11, 2019, 01:40:16 PM
#95
With the price of bitcoin fluctuating, currently in my opinion bitcoin is not the right time to be used as a payment method for transaction tools, because the price of goods being promoted can change or be unstable because it will adjust the price of bitcoin.
and I think many online or offline stores find it difficult to provide a fixed price for now.
this problem has been around since the beginning of the year of bitcoin, and is very stale to talk about this problem right now,
many people have suggested that it doesn't matter when a new platform appears, all we need is acceptance from many stores
It is problem but now it is solved in several places as people are adopting this system of payment, I know when something new comes to the market it takes time for people to adopt it and to accept it, but gradually and with passage of time things get better, so in my city number of stores have crypto payment services.
sr. member
Activity: 1162
Merit: 251
March 11, 2019, 08:13:32 AM
#94
With the price of bitcoin fluctuating, currently in my opinion bitcoin is not the right time to be used as a payment method for transaction tools, because the price of goods being promoted can change or be unstable because it will adjust the price of bitcoin.
and I think many online or offline stores find it difficult to provide a fixed price for now.
this problem has been around since the beginning of the year of bitcoin, and is very stale to talk about this problem right now,
many people have suggested that it doesn't matter when a new platform appears, all we need is acceptance from many stores
legendary
Activity: 2842
Merit: 3536
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March 11, 2019, 07:00:35 AM
#93
Not sure why you haven't read the whitepaper. Even the abstract on page 1 is enough to tell you what it's all about, though your little understanding seems to be a lot closer to home than what most people know.

For me it's really as simple as it sounds. For Bitcoin to enjoy even more success (yeah I actually think it's already a success even though I still see it as an ongoing economic and social experiment), it's down to us to accept it and use it. Not only by accepting it as payment, which is easy enough, but to also want to use it to spend and pay. Make your desire to use Bitcoin to pay known and it's more likely to be accepted by others.
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