Currency is a new kind of virtual currency, it has "decentralization" and "trading fast, convenient, low cost" and other advantages, but there are also "deflation" and "anonymous" restrict its inherent weaknesses become a means of payment.
But I think bitcoin is becoming more and more popular, and I believe that bitcoin will be recognized by more people.
Topic: Bitcoin as payment system - page 25. (Read 6073 times)
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, agreed to that. It can boost up the Bitcoin community if it is implemented as a payment system, leading them to big and more opportunities. There are some rumors that it can be a bubble blowed one day but based on the news and cryptocurrency activies, it has low chance of going in to that scenario. Example, if Bitcoin is implemented as a payment system it is fixed and supported by many and i think we will not let that it can be a bubble blowed one day
I think bitcoin as payment system and payment gateway because it is safe and easy way for payment mode and it is hassle free and convenient way to transfer money across the world and to pay for goods and services.
While we can state that the payment system in bitcoin is not working well. Doing small transactions in bitcoin is almost impossible because bitcoin has become very slow, with hanging transactions and very high commission fees. True, the situation has recently improved slightly. However, it improved because of the fact that the popularity of bitcoin due to these disadvantages has fallen and the number of transactions has decreased. Therefore, bitcoin must be urgently treated with either a network of lightning, phantom, or SegWit or something else.
Good point. It can only be an advantage for those who are willing to invest the money on bitcoin. People like us. For those that who doesn't want to invest, it will be a problem for them. Especially if bitcoin was at the lowest price. We all know that there will be a time of the year were bitcoin price is low. Maybe the companies can provide choices for their employee if they want to have btc as salary or not. It's the money they worked for anyway so its just fair to give them a choice.
I think Bitcoin is much more than a payment system but it's an alright payment system. It's not as fast, it's not that cheap, although nowadays fees are low again which is great. It's great for sending money abroad and for online transactions. I still wouldn't want to use it at some coffee shop (unless it's a dutch one)
For me, using bitcoin as payment is good. We dont need to leave the house when paying, it could be more convinient to us. It is also very useful like if your in out of town you dont need to bring cash or you dont need to go to a foreign exchange to exchange your money to their currency. But as of now, not all establishments accepts btc. So hopefully someday when btc becomes available everywhere, to used btc in payment system is a good idea. I wish someday it will be.
Bitcoin has become a profit generating investment due to its value being volatile, very good for traders, but the original model is to use bitcoin as a currency, which right now is not being utilize effectively. I think the problem right now is that is value, as I said earlier, is very volatile, one of the main fundamentals of a currency is stability, this prevents or regulate inflation rate of goods and services. I think in order for bitcoin to be use as a currency, it should first be able to stabilize.
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?
bitcoim being a digital currency in nature, holds a lot of possibility and potential to change the transaction world as we know todyay. However, as long as bitcoin still has a very high volatility rate I am afraid we won't be able to see the future wherein bitcoin or a digital currency is the most prominent and is the most used currency. 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?
Bitcoin is blowing up now. The price before has increased dramatically. In terms of payment system, I think bitcoin can't be a mode of payment in online shopping or in any other form. The problem in Bitcoin is the volatility in which the price changes from time to time. Companies would be taking risks because the items has stable price while bitcoin is not. Also, transaction fee is slower and higher in Bitcoin.
Almost useless, because of a high volatility and slow transactions
Bitcoin was very well thought and designed and I think it will be able to be a payment method anytime soon
Bitcoin as payment system. Thats a good idea, i think bitcoin can be a good payment system. It is a good option for having another form of mode in payment system,bitcoin have a really secured network that give us assurance that our transaction will safely go to receiver .But in current state bitcoin is unsuitable for our everyday payment.
Bitcoin concept is really great. That is why it's community continues to grow. But if we are going to use Bitcoin as a normal payment system today, I guess it wouldn't be effective and efficient now. Sending money instantly is one of the important things we need today. That is why technology is getting advance every day. In the case of Bitcoin's network today, I think we cannot achieve that instantly sending and receiving. So It depends on how the developer team will fix and improve the technical issues of Bitcoin. The future of Bitcoin lies on its platform itself. If it can possibly achieve what its objective, then many will use it.
In term of payment I think there is no problem since block chain technology is reliable on that in fact in our country put some policy to protect users and operators our central bank is really appreciate BTC for being fast and economical in terms of remittances. The problem I have in terms of payment is the re alignment to some establishment in terms infrastructure and the volatality of bitcoin that would change prices every now and then.
Bitcoin is a good option for having another form of mode of payment because bitcoin does have a really secured network that will give you assurance that your transaction will be safely go to the receiver and that will give you a very comfortable experience but with the expensive transaction fees, it is now being problem to worry about for accepting bitcoin as a payment system.
I think personally, we can use bitcoin as a means of payment but naturally do not let because BTC we forget the currency of our country ,,, and for us look forward to the future may be better if we equalize BTC with our currency as a tool to pay more easy again in the transaction 😊
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?
Bitcoin is blowing up now. The price before has increased dramatically. In terms of payment system, I think bitcoin can't be a mode of payment in online shopping or in any other form. The problem in Bitcoin is the volatility in which the price changes from time to time. Companies would be taking risks because the items has stable price while bitcoin is not. Also, transaction fee is slower and higher in Bitcoin.
BTC is still not at the stage that shops or any other place have start accepting BTC as a payment. But as bitcoin will show their performance more well in future and can get interest of BTC in future more and more then probability of accepting BTC as a payment will be increased more as compare to now.
Of course we will use bitcoin for payment, I think if payment is in a very large amount I will still use bitcoin but small payments like buying drinks and food will still use real money.
And to save I want to buy bitcoin so that one day can multiply fortune.
And to save I want to buy bitcoin so that one day can multiply fortune.
I'm currently using Bitcoin now as a payment system to my work. This is what I love about making bitcoin as a payment system, if the price goes up your value of Bitcoin is also going up & vice versa. But I always being positive that BTC's price will go up 
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