Topic: Bitcoin as money - page 8. (Read 1140 times)
This means that no central body has the ability to dictate rules to the owners of bitcoins, as, say, it was in early 2013 in Cyprus. And even if some part of the network goes offline, the payment system will continue to work stably.
People are already using bitcoin as money ,so many hospitals and few shopping mails are using bitcoin as there payment method same way we use our local currency to shop.I have view bitcoin and fiat currency as same
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Obviously I for one think about this as a negative thing. I think for the time being BTC can not yet be a substitute for money as far as installment terms. You know the development of BTC is extremely fluctuating and that is one reason BTC can not be called as a methods for installment. They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Yes this is absolute correct that bitcoin is the future money. Many people use Bitcoin to fulfill their various needs. Many students and middle class family person use Bitcoin to fulfil their daily needs 
. Many small retailer use Bitcoin so many people use Bitcoin for buying stuffs from them. Many multinational company like Microsoft, Amazon, Green gaming etc start accepting Bitcoin as a payment and their also some online Bitcoin store present. By using Bitcoin you can buy goods from their. So these are some positive side of it 
. In order to use Bitcoin you must need an well established Internet connection. It means if you have no Internet you doesn't use it. 
Yes, I think such a thing is going to happen in the future. If the popularity of bitcoins keep increasing in the way it is now, sooner or later most of the people in the world would be owning/using bitcoins. There might be some people who wouldn't like this idea and would oppose it, but the number of such people might decrease in time. So, I think bitcoins would be used as a currency soon and in some places it is already accepted as a payment for their goods/services.
Bitcoin can be used as a currency, that was the main objective when it was developed. The big difference would be that it's decentralized. In fact, Bitcoin is already used as a currency and is accepted by some big companies. When Lightning network is implemented, it will be faster and cheaper to use as a currency.
or maybe bitcoin still will stay as gold, and some more progressive coins will be used like everyday currency?
Yes, it's a gold in crypto
I think that within reason almost all merchants are still going to want to receive funds in their own currency as you mentioned. It's too risky and complicated for them otherwise.
I mentioned cards because of this reason, it's an easy way to pay in bitcoin but the merchant receive their own currency.
I have not come across these hot wallets within phones, how would you use them to pay for something in a store? Say you wanted to buy a coffee? Are these the new ones that you scan a virtual card on your phone screen?
I mentioned cards because of this reason, it's an easy way to pay in bitcoin but the merchant receive their own currency.
I have not come across these hot wallets within phones, how would you use them to pay for something in a store? Say you wanted to buy a coffee? Are these the new ones that you scan a virtual card on your phone screen?
Was referring to ordinary android/iphone apps. Merchants can have watch only wallet and they can import xPub from BIP39/44 and recieve funds that way and you simply scan qr code from their monitor and send cryptocurrency. You have Blockchain Merchant that is awatch only wallet and does what I mentioned above for bitcoin payments.
It is possible even to pay by phone for national currencies and this is being used in some countries and with some merchants. So we can see that in future even cards might get replaced with mobile phones. As all of us carry mobile phone I don't see the reason for card to exist for cryptocurrency. Of course there is a risk if you lose your mobile phone or if it gets compromised so for this you want to make sure that your wallet is encrypted on the device and not to store large quantities. Anyways cards can be stolen and compromised as well.
I really did not know about this, I'll definitely look in to it. If that technology already exists then I have to agree that you're right that in time cards will be phased out. I don't think we are quite there yet though so I do feel there will be a period where cards are necessary for cryptocurrencies. I guess even beyond mobile phones we will eventually have something along the lines of microchips fitted in each individual that can be used for idenfitication and payments.
In my own opinion, bitcoins is only good for using as a payment to buy products and goods online and we are going to use it as a credit card. In this way we can have less taxes to pay and faster transactions for different products we want to buy.
Marinecoin wants to promote the development of the community. Therefore they give out the FREE ICO event, where you can get 450000 MTC for free and it's based on your contribution. Just do 5 posts on bitcointalk on the project and a social network post you are participating in. Make them and register an account on the forum marinecoin https://marineco.in/forum/
Go to the topic of the FREE ICO event and read the post and follow the instructions that the moderator has set.
-Marinecoin is 500% faster than bitcoin
-You can download Marinecoin wallet on your PC (OS windows or OS
https://marineco.in/#wallet
Learn more at: https: //marineco.in
Go to the topic of the FREE ICO event and read the post and follow the instructions that the moderator has set.
-Marinecoin is 500% faster than bitcoin
-You can download Marinecoin wallet on your PC (OS windows or OS
https://marineco.in/#wallet
Learn more at: https: //marineco.in
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Bitcoin is unregulated, hence, there is no buyer protection. When goods are bought using bitcoins and the seller doesn't send the promise goods nothing can be done to take the bitcoin back. Users must be very careful when they send funds as transactions cannot be undone.
yes,bitcion as money.bitcoin crpto currency market place coin.bitcoin work and eran money and succesful coin market.thare are many pepole follow is bitcoin market place.becasue bitcoin is the best
Bitcoin is a decentralized electronic crypto currency created by Satoshi Nakamoto in 2008. Bitcoin uses a single distributed database on the network, included in a decentralized peer-to-peer network
Yes.. We can pay our business and buy something use btc
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
It depends on bitcoin technological issue,moreover this process needs more political will from financial leaders...If there are high fees, people won't use BTC as a money because in this scenario it will not be favorable situation for society,especially for them who will buy cheap goods for example food.So this is a future issue and I think it will come true because of bitcoin's developing nature,At the same time,If we want bitcoin as money we must take into account that there will be need to solve a lot of legal issues.I like that Today America is a very good iniciator for implementing bitcoin on institutional level,for example they are going to levy taxes in illinois by bitcoin which is a good indicator to hurry proceedings.Anyway I imagine it very positively...
They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Bitcoin can be our money if the governments will allow it and it has a higher chance that it will happen since jack ma who invented alibaba is also planning to live a cashless country for everyone to have easier and secure transactions.
There will be both positive and negative sides to this issue. Consider everything simplified and become more complicated at the same time. Just let's look at all this and be participants, and then we can compare, it's worse or better.
I think that it is possible to switch to payment by bitcoins instead of money. But you need to get rid of a few nuances about the speed of transactions and commission. Well, of course, it's huge jumps of course. And it is quite possible to implement such a system
Bitcoin is future digital currency. So it easy to exchange any country currency. people will be save any country currency and it will use any where. It reach all country. So any country people will be use the future growth and future saving. It part of the country people growth. It good information for the future growth and future save for the business improvement.
I think that it is possible to switch to payment by bitcoins instead of money. But you need to get rid of a few nuances about the speed of transactions and commission. Well, of course, it's huge jumps of course. And it is quite possible to implement such a system
I think that within reason almost all merchants are still going to want to receive funds in their own currency as you mentioned. It's too risky and complicated for them otherwise.
I mentioned cards because of this reason, it's an easy way to pay in bitcoin but the merchant receive their own currency.
I have not come across these hot wallets within phones, how would you use them to pay for something in a store? Say you wanted to buy a coffee? Are these the new ones that you scan a virtual card on your phone screen?
I mentioned cards because of this reason, it's an easy way to pay in bitcoin but the merchant receive their own currency.
I have not come across these hot wallets within phones, how would you use them to pay for something in a store? Say you wanted to buy a coffee? Are these the new ones that you scan a virtual card on your phone screen?
Was referring to ordinary android/iphone apps. Merchants can have watch only wallet and they can import xPub from BIP39/44 and recieve funds that way and you simply scan qr code from their monitor and send cryptocurrency. You have Blockchain Merchant that is awatch only wallet and does what I mentioned above for bitcoin payments.
It is possible even to pay by phone for national currencies and this is being used in some countries and with some merchants. So we can see that in future even cards might get replaced with mobile phones. As all of us carry mobile phone I don't see the reason for card to exist for cryptocurrency. Of course there is a risk if you lose your mobile phone or if it gets compromised so for this you want to make sure that your wallet is encrypted on the device and not to store large quantities. Anyways cards can be stolen and compromised as well.
I really did not know about this, I'll definitely look in to it. If that technology already exists then I have to agree that you're right that in time cards will be phased out. I don't think we are quite there yet though so I do feel there will be a period where cards are necessary for cryptocurrencies. I guess even beyond mobile phones we will eventually have something along the lines of microchips fitted in each individual that can be used for idenfitication and payments.
In my opinion. If bitcoin used as money to buy food or daily necessities, the cost of the transaction is greater than the price of the goods that we will buy. Maybe to buy something, it's better to use Altcoin, because the transaction costs are smaller.
Jump to: