most postrs on this topic have no clue. they just too stuck in the reddit propaganda...
marchants use merchant tools like bitpay/coinbase. so its not the merchant that tells the customer what to use. its the shopping cart service. in many cases the merchant doesnt care and doesnt see what currency a customer is spending. all a merchant see's is "paid in full"
places like bitpay and coinbase decide what are the choice of coins to include. and in most cases its based on the most lively coins they add on their platforms and ones with highest value of the markets
im not even sure why some people try turning this into the kardashian drama aboutbitmain, yet those bringing up the kardashian drama dont even check out the simple things like merchant tool services.
Topic: Big Companies Could Choose Btg Or Bch Or Bcd For Payment Instead Of Btc? (Read 307 times)
May 11, 2018, 04:02:09 AM
May 11, 2018, 04:00:20 AM
new egg has been involved in bitcoin since before 2014.. the CEO actually does keep some crypto's. but even he has enabled more than just cores chain on his merchant tools. same goes for MANY big companies. but both of us have to agree. the 'alligience' to cores chain is waning/dropping
a company accepting bitcoin only is a stupid company. it's not their job to endorse anything or safeguard something's position. their job is to profit. end of.
there are tons of coins now. some of them are huge. ignoring them means merchants might be giving away profit.
I don't agree at all with that, pretty much every coin is easily exchanged for Bitcoin.
Plus, they also have to be sure that enough people would actually pay using those additional coins. Accepting them also has a cost, so better be sure that people would actually use them.
Don't overestimate the actual usage of Bitcoin as a payment method. A lot of companies have started accepting it, but ended up removing support because there wasn't enough interest.
May 11, 2018, 03:50:25 AM
There are plenty of utility coins launched that has huge potentials. Big companies could certainly use one of them for transactions. No need to use btc's forked coins coz not all of them has potential anyway. Most companies choose btc because most people know btc and most people who joins the cryptoworld has btc already before any other coin. Btc is the most universal coin so its better to choose it for payments.
May 11, 2018, 03:31:18 AM
BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this
I think bitcoin is be used for payment or transaction but the flaw is when bitcoin price higher, transaction fee become higher too compare with fiat money. I think in the future, we will see many coin that affordable for payment and transaction or maybe bitcoin have new feature on lower cost transaction
May 11, 2018, 02:46:34 AM
BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this
Now the bitcoin valuation has started inflating , it has inflated by 20% in past week and according to many wise economists it will further inflate in the last months of the year and I think now the time has come for which every investor is waiting for , for the time every investor is holding their bitcoins and I guess this is the only reason why big companies are also not paying in the form of BTC because they just wants to hold it and wants to sell it when valuation will inflate by 50% I guess. 
May 09, 2018, 06:32:32 AM
BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this
There is no doubt in this that the valuation of bitcoin is high and the most interesting thing is that it is still inflating and that is the why all big companies do not want to spent it and wants to store it that is wants to hold it till it reaches to its maximum so that they can get the maximum profit and moreover according to many economists the valuation will inflate more and could even reach to $20000 in the last of the year and this is the reason why all big companies wants to store BTC instead of payment. May 07, 2018, 01:55:52 PM
so i guess they some possibilities that will happen in the near future because cryptocurrencies are soaring right now with an enormous speed
April 14, 2018, 04:46:43 PM
Reliability matters when dealing on a large scale, big companies will definitely choose reliable digital currency than currencies which are not reliable enough.
Bitcoin is the face of cryptos and all the alts dependent on it, if bitcoin goes down alts have to suffer but there is no major impact of alts over bitcoin.
Bitcoin is the face of cryptos and all the alts dependent on it, if bitcoin goes down alts have to suffer but there is no major impact of alts over bitcoin.
April 14, 2018, 04:36:23 PM
The essence of bitcoin as a payment method is starting to change. As OP said, people wants to keep it and store it for better profit and use it as store value.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
Perhaps you mean Bitmain that stopped BTC as payment and started accepting BCH. That was the plan of Chinese whales to replace original BTC with fake one and they failed. BCH will not succeed at the end
Ethereum doesn't scale good, so no it's not the closest candidate at all.
It's the close candidate as it's also next to the most popular. When you rotate all over the internet, you'll see most of the exchanges, services and other types of stores are accepting bitcoin and ethereum. These coins will never get out of their choices. April 14, 2018, 01:28:16 PM
Perhaps you mean Bitmain that stopped BTC as payment and started accepting BCH. That was the plan of Chinese whales to replace original BTC with fake one and they failed. BCH will not succeed at the end
It's just them giving BCrash some ecommerce utility it otherwise would never have. It wasn't a plan to replace Bitcoin, because they aren't that stupid to believe in that nonsense. It's nothing more than them hyping up their shitcoin as much as possible, to later on get as many Bitcoins back for it as possible, and their plan worked as a charm. In other words, their plan has already succeeded. If they at some point drop support for BCrash because they cashed out almost everything, people will end up holding shitcoins sinking below 0.01BTC within a few months. No Roger and Jihan capital support = worthless BCrash in the future. People buying themselves into that shitcoin are playing a more than risky Russian roulette game with their funds. Party can't last endlessly.
April 14, 2018, 01:01:46 PM
It depends on the use-case but they shouldn't pick bitcoin just because its the most known, the price shouldn't even come into it, its about the technology, dash for example offers sub cent fees and fast transactions with instant send, it work's a lot better as a payment mechanism currently.
But currently its price is closely connected with BTC. All the regulations are based on bitcoin and made for bitcoin. If there is a ban, it's not being imposed on dash specifically. There's no way that a government will allow dash to function after banning BTC.
So, it all comes to this small feature of BTC that it's the main and most adopted crypto coin. If it fails, alts like dash will take a huge hit.
Also, since BTC is so popular, people who are thinking of using cryptocurrency as a form of payment are immediately thinking of BTC. Most of them don't even know dash and don't know how big dash's user base is. And this is what it all comes down to. If you start using a crypto, you want to serve clients that know about this and can choose this option. You don't want people asking dash? what's that? Oh, it's a cryptocurrency, like bitcoin? Because I have some bitcoins...
April 14, 2018, 03:17:26 AM
It depends on the use-case but they shouldn't pick bitcoin just because its the most known, the price shouldn't even come into it, its about the technology, dash for example offers sub cent fees and fast transactions with instant send, it work's a lot better as a payment mechanism currently.
April 13, 2018, 06:50:19 PM
big companies have to think carefully first if they want to store bitcoin because it is very volatile. they can go bankrupt if mistakes were made. but if they were to choose they can choose bitcoin. bitcoin is more reliable and more accepted compared to btg, bch or bcd.
April 13, 2018, 06:32:20 PM
The essence of bitcoin as a payment method is starting to change. As OP said, people wants to keep it and store it for better profit and use it as store value.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
Ethereum doesn't scale good, so no it's not the closest candidate at all.
April 13, 2018, 06:23:54 PM
The essence of bitcoin as a payment method is starting to change. As OP said, people wants to keep it and store it for better profit and use it as store value.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
Perhaps you mean Bitmain that stopped BTC as payment and started accepting BCH. That was the plan of Chinese whales to replace original BTC with fake one and they failed. BCH will not succeed at the end
April 13, 2018, 06:23:49 PM
BTC price is too high now and people store it for more profit. Do you think big companies could choose another one for payment unit instead of BTC? or they go with the flow and use BTC all life long? what is your thoughts about this
Big companies prefer fiat. Period. Unless they are doing shady shit or their mainstream work is based on cryptocurrency/s or they want to use crypto as a marketing took ,no company would want to use bitcoin for "payment". A company,in legal terms,has to disclose their financials every fiscal year,so to file their reports and do the accounts,crypto would not be accepted as it is not a legal tender,nor is it illegal. Use your brain,dude. April 13, 2018, 06:18:23 PM
Big companies could choose to used whatever coins they want, they can even choose other alt coins to used, but logically they will used bitcoin, because bitcoin is more popular and it got more implementation than other coins, and then because the transaction volume is high, it tends to be more stable than other coin, btc price is not that easy to be manipulated by the whales
April 13, 2018, 06:12:07 PM
It doesn't matter which cryptocurrency they accept, they will all have to contend with the people holding for the long term. The holders are one of the primary reasons why bitcoin is able to increase in value over time, as it reduces liquidity, hence driving the scarcity up. This is definitely not something that will change any time soon, for any cryptocurrency as the market is a bunch of holders.
April 13, 2018, 06:10:48 PM
Although in general based on the function and usefulness of bitcoin with other coins not too far away. If viewed from the point of the exchange rate, bitcoin has a higher exchange rate compared to Btg, Bch, Bcd or another coin.
The use of bitcoin is widespread, increasingly popular and more populist than other coin alternatives.
The use of bitcoin is widespread, increasingly popular and more populist than other coin alternatives.
April 13, 2018, 06:07:55 PM
The essence of bitcoin as a payment method is starting to change. As OP said, people wants to keep it and store it for better profit and use it as store value.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
There's a big company in China that started to use BCH for the payment of their product and started to stop accepting bitcoin. The closest candidate will be ETH and not BTG, BCH,BCD or any fork coin.
But we can't remove the fact that bitcoin is still the best for payment.
Jump to: