Topic: Bitcoin as payment system - page 23. (Read 6073 times)
I agree with this, if bitcoin is really a payment method, it will make bitcoin more practical for human life. People can easily use it for payment purposes. I think that in the near future bitcoin will have improvements that help faster transactions and lower costs.
It must be acknowledged that the presence of bitcoin offers a better payment system when compared to banks, we can send bitcoin to all in seconds, safely and at a lower costt and with this fact many people should be aware of using bitcoin.
I do not think bitcoin as payment for now like paying 1 bitcoin for 1 piece/box of pizza,it is kinda big. Also, still depends on the people majority if they accept these way. But hopefully in the near future it will happen.
As payment system Bitcoin is good. We don't need to carry out money with us. A large amount can be carry with a little amount of Bitcoin. It will be safe.
Bitcoin as payment method is good when it comes peer to peer but if we used it for daily transaction example for buying products,payment of bill i think its not worth because the fee is too high and the price of bitcoin is not stable in the end its to expensive rather than Fiat money.
for myself, better bitcoin as an investment method of the digital world that one day can explode. because if bitcoin is used for payment, bitcoin does not have a stable price, and bitcoin can disrupt fiat money that has been established by the government as a legitimate means of exchange.
One of the biggest mistake that people are doing currently is that they are using bitcoins as just an investment medium. This approach has a number of problems. If we do not use it for some real life problem like as a payment substitute to existing methods, it will not live longer. I mean that if tomorrow we have another alternative giving more returns, people will switch to that option as they are not using bitcoins in real life. On the other hand, if people start using it frequently as payment medium, it will become more valuable.
Bitcoin has lost its way as a payment system somewhat, but that does not mean it can't get back to that original ... power as a store of value while restraining its bow with a payment string that could double its use effectively.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
Bitcoin is big help to us especially by paying our bills, buy our daily needs. So we hope that bitcoin will last until forever, and also in near future everything we pay or buying our needs bitcoin is the main that we used. Because its convenient and easy to everyone to used it How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
for myself, better bitcoin as an investment method of the digital world that one day can explode. because if bitcoin is used for payment, bitcoin does not have a stable price, and bitcoin can disrupt fiat money that has been established by the government as a legitimate means of exchange.
I think Bitcoin will prevail as a payment method. A lot of people are focusing on Bitcoin price, but Bitcoin is still a good technology. It is the best system out there for payment transactions and store of value (in other words, currency).
You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).
It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.
You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).
It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.
That could always happen and there is always that possibility that Bitcoin could be accepted as a mode and means of payment. I think the only hindering factor for that to truly take place is the fact that many cryptocurrencies are volatile and has unpredictable values, and since commodities have an exact amount, I don't think producers would be okay, even retailers as well, to be paid with a currency that may change in value that would lead to them being paid less that what they have invested for the product they sold. I think for that to happen, Bitcoin should first be a little standardized and constant in terms of value.
We can do this type of payments since our technology is rapidly fast growing but it takes years or months that stores or any kinds of establishment will accepts bitcoin as payments there are few of them but not much as you think.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
If bitcoin will use in payment system then its favor to people who have lots of bitcoin, because even if they dont have paper money they can buy and pay things they want in malls and restaurant, its easy to use because you just swipe at your phone then you can pay bills.
But i think its impossible in the future because other countries want to ban bitcoin and also government warning people to use bitcoin, so i think it will not happen here in my country.
I think Bitcoin as a payment system or platform is great. It is a lot easier compared to other payment method, since it is decentralized and open source meaning it is secured and very private. You can do peer to peer transfers anywhere in the world at anytime, no need to any third party to transfer your money. But since its value is so high most of people are not using it as a currency or mode of payment but as an asset for investment for their future, can't blame them.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
Yes, we can use Bitcoin as payment system but currently it has few hindrance to consider it a full fledged system for payments.
First hindrance - no single regulatory which makes it unacceptable everywhere on the whole. Also, there is no KYC involved in this, in case of wrong transfers its difficult to get it back because here we don’t maintain any customer personal information. More risk of fraud because of no escrow account in between the payment receiver and giver both.
Also, I am sure about Bitcoin growth and its not going to blow up at least in the next couple of years.
I somehow see bitcoinmore as the investment type under the cryptocurrencies. And I do not think that the Lightning Network will change that, as fast and cheap as it may be. For payments made with a cryptocurrency I see other currencies, Ethereum for example.
Many companies uses btc as their payment system, just like here in the Philippines in coins. Ph you can pay bills in meralco, paymaya, mcdonalds, smart, globe and more big companies that insert btc in their way. Tahts why people that uses btc are very smart and practical in their situation.
I strongly agree to use bitcoin as a method of payment because by using bitcoin as a method of payment a transaction makes the payment becomes fast, safe, easy and practical
Yeah in fact in our country our central bank recognized bitcoin as a good medium of remittances because it is safe fast and economical. That is why many over seas workers will be benefited with bitcoin.
Bitcoin was a big help to everybody by using it as a payment system,we cannot be hassel to pay our utility or any bills in any payment center.Just using our internet connections and a fund of bitcoins in our wallet.I know crypto has a brighter future because it can be sustainable to everyone of us.
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
I am sure in the future Bitcoin in addition to being an investment asset but can also be a means of payment in everyday life. Hopefully, all our dreams can come true. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model.
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?
And how do you see it's future?
There are some country that uses bitcoin as payment system but not all countries implement it. I wish that it will implement it in my country someday so that it may help it to our country's economy. It also makes transactions more easier than money. I think using bitcoin as payment system is the very best choice for all business.
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