Bitcoin as payment system - page 30.

stephylarde

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Quote from: losik43 on December 04, 2017, 05:36:59 AM

Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin Roll Eyes

Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

Cisumacoin

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Bitcoin will gradually begin to catch on as an investment first, then a way to send money around the world and to store funds, and finally as a form of payment. I think companies around the world will learn to accept Bitcoin and some other cryptocurrencies because they can't stop technological progress. They will learn to adapt to it eventually.
The main difference between Bitcoin payment system is that it doesn't have a definite control center and is completely open to users. In fact Bitcoin isn't controlled by anyone which allows any owner of the electronic wallet in this system to keep absolute confidentiality. There's no bank which at a convenient opportunity will be ready to ruin you. There's no control system that can completely close access to accounts at the most inopportune moment and force you to prove that a particular purse and money on it belong to you. You don't need to pay a commission for making a money transfer.

eann014

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Quote from: hynext on January 25, 2018, 10:22:48 AM

Using bitcoin as payment system is good but the transaction fees and very slow are nothing good. If you buy in stores with drive thru and you pay bitcoin, you may wait a minute or hour. But if they would fix that maybe many department stores will accept bitcoin. I think this is not a buble because bitcoin are powerful today and it has a future that these cryptocurrency are most advanced money to use in the future.

I agree, that the transaction of paying bitcoin will takes time before it confirms our payments. If there are any option to use to have a faster transaction to use it as a payment through department stores then it can really help a lot of people right now who already uses bitcoin. For sure maybe people will get curious about what is bitcoin so they will force themselves to know what is it.

chenging14

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Bitcoin can be use as a payment system, the way the banks and credit card systems dealt with this was to create a ‘ledger system’ – basically records of account showing who owns what. It is simply one global ledger system that synchronizes across the entire internet, so that everyone can access the same ledger account in real time no matter who or where they are. The result? Money can easily be transferred between parties without all the lag times and exorbitant fees. Just like it used to be before the world became big and complicated.
If the transfer is between two accounts at the same bank, it’s easy to transfer, but if it’s between two different banks it gets a bit more complicated. They might have different ledger systems that need to be reconciled. For this they charge a fee, and it often takes more time to complete the transfer. When they are banks or other financial systems in foreign countries, it gets even more complicated: different languages, systems, currencies, more parties to co-ordinate and so on, so the fees and transfer times increase. That’s why the current financial system is so complex. It’s just a massive entanglement of various ledger systems around the world..

CryptoJoshua

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Unfortunately, Bitcoin will most likely never be used as a widely used payment system. It is just too slow and expensive. This isn't something that is necessarily bad about BTC but it is one of it's weaknesses in comparison to faster and cheaper alternatives such as Litecoin. Sad

Trela

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Quote from: mayidid on January 28, 2018, 05:43:08 PM

Bitcoin will gradually begin to catch on as an investment first, then a way to send money around the world and to store funds, and finally as a form of payment. I think companies around the world will learn to accept Bitcoin and some other cryptocurrencies because they can't stop technological progress. They will learn to adapt to it eventually.

Really? Blockchain is a open-source code, any developer can learn how to use blockchain and create new currency used this platform. Blockchain can helps many problems of the world and the best function of blockchain is data security. If a system can has enough user, it can against any hacking attack!

okchain

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Quote from: icaica22 on January 30, 2018, 01:32:46 AM

I think Bitcoin will win as a payment method. I believe Many people focus on Bitcoin prices, but Bitcoin is still a good technology. This is the best system out there for payment transactions and value storage in other words, currency.

I think bitcoin might evolve to become a global payment tool, just as mobile payment.

ShiroThe5th

member

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bitcoin is actually the same of a credit card. using bitcoin as payment system is really good. bitcoin can earn easily through just joining in some campaign. changing of bitcoin trough money will be easy and accessible to the bitcoin holders. it will be a good innovation it will happen. future with bitcoin is like the charles darwin evolution of man. from a small and down into a huge development and progress.

BlasterS

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Bitcoin is very handy! It is a paperless money! You just need to have your bitcoin wallet using your Android or IOS phone.
Bitcoin as a payment system is reliable, time-saving and paperless!It is a more efficient and eeffective society for everybody in the whole world.

Addywealth

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Bitcoin will thrive as a payment system if countries can adopt it as such. Very flexible, easy to carry without fear of robbers and it will even aid inter nation relation.

icaica22

newbie

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I think Bitcoin will win as a payment method. I believe Many people focus on Bitcoin prices, but Bitcoin is still a good technology. This is the best system out there for payment transactions and value storage in other words, currency.

Alexis.Nick

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This will be an incredible thought in reality a portion of the stores and settlement focuses as of now acknowledge this. Likewise I read a few articles that a portion of the banks are by one means or another additionally tolerating bitcoin.

TheUnknownMan

full member

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I am not sure about that but i think that Bitcoin-based payment system will be used on more fields and its usage will increase day by day.I don't think that Bitcoin will fail that easy, maybe other cryptocurrencies can but not Bitcoin.

mayidid

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Bitcoin will gradually begin to catch on as an investment first, then a way to send money around the world and to store funds, and finally as a form of payment. I think companies around the world will learn to accept Bitcoin and some other cryptocurrencies because they can't stop technological progress. They will learn to adapt to it eventually.

thuramlv

newbie

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price BTC s decrement, but they are not changed of the service fee. Transferable high high!

hahay

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No one knows what the future will be like, but if seen from technological advancements that continue to grow, I think maybe bitcoin will be accepted as a legitimate means of payment may be around the world. For now bitcoin is always forbidden to use as a means of payment, but we do not know the future, hopefully there will be good news for bitcoin in the future.

Ranker

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Who knows, with the past slowdowns of the network, perhaps Bitcoin is going to remain the reserve currency of the crypto world.

Benito01

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 AM

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? Undecided

And how do you see it's future?

I think someday bitcoin will be the system of payment in the country because we are now in modern world and we need some improvement and here in bitcoin world we can get the improvement if we are talking how to buy something how pay bill we can do it now instantly using our bitcoin through online so, less effort right?

ezbreezy08

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Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 AM

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? Undecided

And how do you see it's future?

Bitcoin is widely use by many in the next few years. Satoshi is a great inventor. he change the life of every people when it comes to money he solve it by numbers and eventually people will understand the basic of bitcoin.

YajairaSN

jr. member

Activity: 100

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The main difference between Bitcoin payment system is that it doesn't have a definite control center and is completely open to users. In fact Bitcoin isn't controlled by anyone which allows any owner of the electronic wallet in this system to keep absolute confidentiality. There's no bank which at a convenient opportunity will be ready to ruin you. There's no control system that can completely close access to accounts at the most inopportune moment and force you to prove that a particular purse and money on it belong to you. You don't need to pay a commission for making a money transfer.

Topic: Bitcoin as payment system - page 30. (Read 6073 times)