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Topic: Bitcoin as payment system - page 35. (Read 6088 times)

sr. member
Activity: 630
Merit: 253
January 19, 2018, 12:06:47 PM
It is already payment system, you can buy a lot of things with it.
newbie
Activity: 41
Merit: 0
January 19, 2018, 12:00:16 PM
Bubbles can explode at any time. but not now. We can not say in advance why we do not follow the rise of the bubble ... be wise in your decisions .. what can happen
newbie
Activity: 28
Merit: 0
January 19, 2018, 11:20:12 AM
 i think it bitcoin can be  good payment system and payment Grin
jr. member
Activity: 336
Merit: 7
January 19, 2018, 11:18:52 AM
Bitcoin is payment system already, and I think it will be spread much more in the future.
full member
Activity: 1624
Merit: 102
January 19, 2018, 11:15:22 AM
That is a really good idea but at present, there is some difficulty.It is true that bitcoin has become famous all over the world for few year.But there are many people who do not know what is bitcoin and how it works.For this reason, you can not pay it everywhere.You only send or pay bitcoin this person who knows about it. On the other hand, Bitcoin is not suitable for small payment.Because Bitcoin transaction fee is high and it takes time.But bitcoin is really suitable for the big and secure transaction.In future bitcoin will develop its transaction system and then bitcoin will become the payment system.
newbie
Activity: 42
Merit: 0
January 19, 2018, 11:09:27 AM
first of all i do not think that's a bubble... cause no one knows the referral price of BTC. about BTC as payment  i guess that it will be for real. not only BTC but all the altcoins too. all of this depend of people and Financial Institutions will or won't get it accepted
jr. member
Activity: 118
Merit: 2
January 19, 2018, 11:03:53 AM
I think bitcoin is not perfect for daily payments. We can see that the value is too high. You can not use it to pay small payments. I think it would be more appropriate to invest in business
member
Activity: 168
Merit: 11
January 19, 2018, 10:59:42 AM
Bitcoin made by satoshi nakamoto (founder) is a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a middle men which is the bank or financial institution.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
January 19, 2018, 10:50:05 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 designed as virtual money,so when we say money it can be used for payment its just happen that many countries still denied the demamnd of bitcoin in their nations.and the people. Them..imagine how easier the life is if crypto coins can be use as a payments for everythi even in grocery
newbie
Activity: 47
Merit: 0
January 19, 2018, 10:38:43 AM
I think it's good idea using bitcoin as a payment sistem. A lot of people have bitcoin and it's usefull to buy goods using bitcoin without exchenge to real money
full member
Activity: 273
Merit: 100
January 19, 2018, 10:33:54 AM
i think it bitcoin can be  good payment system and payment gateway.there is no need third party to transfer your money.its peer to peer and safe.so it grow good payment system.

I dont agree with this if you are talking about a massive usage of Bitcojn as a medium of payment to the community, it can be possible to cashless society which is proven to be a thing that will make our community worse than before. I dont agree with his in the sense that most of the yransaction might be dependent on Bitcoin.
newbie
Activity: 238
Merit: 0
January 19, 2018, 10:29:46 AM
Btc will continue to be and grow as a system o payment because more companies are thinking of adopting BTC. Facebook, Google and more might adopt BTC this year and we hope for more. These companies will solidify BTC as a payment system.
newbie
Activity: 136
Merit: 0
January 19, 2018, 10:25:52 AM
For me, I hope there is a bitcoin payment in my country, I ask my country to accept this bitcoin smoothly without any hindrance and allowed by the local government.
full member
Activity: 560
Merit: 107
January 19, 2018, 10:20:04 AM
For me, yes bitcoin can be as a payment system that is the main aim of bitcoin that become the payment system works without a central bank or single administrator. But this day’s we know that bitcoins transaction is becoming very long to confirm. But this thing can happen if the acceptance of bitcoin grow more significant and most of the establishment accept bitcoin as payment. I’m looking forward that bitcoin become the legal payment system for every institutions or company.  Smiley
hero member
Activity: 1652
Merit: 518
OrangeFren.com
January 19, 2018, 07:47:17 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 don't think bitcoin can be a payment system because average confirmation time is 30 minutes in 2018. so, some altcoins can do this job. If you go to some starbucks store and wait 30 mins to confirm transaction and then have your coffee doesn't work so efficient , at least for me

I think the confirmation in transaction it's not 30 minutes is only a seconds only.
But if we going to transfer into the exchangersite maybe it come to 30 mins or withdrawal of our coins.
sr. member
Activity: 546
Merit: 250
January 18, 2018, 01:33:51 AM
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. They will not exert so much effort in what ever they do.
newbie
Activity: 88
Merit: 0
January 18, 2018, 01:27:06 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 don't think bitcoin can be a payment system because average confirmation time is 30 minutes in 2018. so, some altcoins can do this job. If you go to some starbucks store and wait 30 mins to confirm transaction and then have your coffee doesn't work so efficient , at least for me
member
Activity: 124
Merit: 11
January 17, 2018, 11:15:48 PM
This would be more exciting if bitcoin will become more popular and majority of merchants use bitcoin as payment.
full member
Activity: 188
Merit: 100
January 17, 2018, 11:09:44 PM
Bitcoin can not be used as a payment system now because the cost is too high to be transferred and the confirmation time is also high. However this is if transaction costs are lower and the confirmation time will decrease it will be easy to use as payment mode, currently only bitcoin as an investment tool. Cool
hero member
Activity: 1652
Merit: 518
OrangeFren.com
January 17, 2018, 10:57:16 PM
I agree that bitcoin as payment system there is no cash been involved, no more corruption has been made in the side of the government. Some other countrys bitcoin as their payment no need cash.
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