Topic: Bitcoin as payment system - page 36. (Read 6073 times)
Whoever they are my thoughts are that they envisioned a world which would use bitcoin as everyday money but I don't think they thought it would reach this scale. As a result bitcoin has turned into a store of value for the moment but I don't think this phase lasts much longer with Lightning Network looking over us. Once we are able to transact quickly and almost instantly, what stops us from buying that cup of coffee from Starbucks? Or even further making those micro transactions, what stops us? Nothing and that is when Bitcoin will get super exciting for those who adopted because of the tech and not for making a quick buck.
It's quite possible to payment via bitcoin, but need more monitoring for it, bitcoin transactions fee is now soo much high need it controlling. when people's are aware and know about bitcoin and if they are interested about it then anything can done by bitcoin.
It is true. If transaction fee issues can be overcome, then bitcoin becomes effective for payment.
However I do not think everyone is willing to use bitcoin as a means of payment, let alone bitcoin unit price is very expensive and more suitable to be used as an asset. The analogy, bitcoin is gold in a virtual form.
It's quite possible to payment via bitcoin, but need more monitoring for it, bitcoin transactions fee is now soo much high need it controlling. when people's are aware and know about bitcoin and if they are interested about it then anything can done by bitcoin.
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?
A very complex issue, unlikely, until, to make improvements, even though the transaction is immediate, then nothing will happen, just imagine you will pay at the store, and the transaction will be 20 minutes pass as something not very much. 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?
Nobody can tell if the bitcoin bubble really exploded, as many people are increasingly using this currency.
Not at this time. With current transaction fees, I don't want to use bitcoin as a payment option. It would cost you a lot just by sending a small amount, so I guess bitcoin as payment is not good right now.
There was a time when transactions were very cheap but that was long ago but we also need to consider the miners are just spamming the network with low fee transactions in order to get more profits this is why it was decided that we need off chain scaling instead of just increasing the block size.People say different things about who's actually spamming the network, and there are varying opinions on that. Miners are the primary beneficiaries of these spam attacks, so it could very well be them after all. But it is not just about the high fees as such. Even if they were low, there are still limits on the processing capacity of Bitcoin's network, and introducing off-chain transactions is likely the most viable solution to this problem.
Not at this time. With current transaction fees, I don't want to use bitcoin as a payment option. It would cost you a lot just by sending a small amount, so I guess bitcoin as payment is not good right now.
There was a time when transactions were very cheap but that was long ago but we also need to consider the miners are just spamming the network with low fee transactions in order to get more profits this is why it was decided that we need off chain scaling instead of just increasing the block size. 
Bitcoin can be used to pay bills or other online transaction because you can convert it to your currency.
That’s what most people do who keep bitcoin as a very useful additional income to help a person's economy in the real world so they able to buy what they want. 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?
How do you think, will we be using bitcoin as payment system?
It’s true that bitcoin is a very good digital money for long term investment in the future.
Many companies lately have accepted bitcoin as a payment method. I've heard that Amazon said that they will accept bitcoin as a payment method.
It is good when the bitcoin make as payment system, because it is more comfortable to the user to pay in the different market out shop using bitcoin and the users will be more happy for it to happen.
Bitcoin is good as an alternate form of payment because it is digitally controlled and monitored which is secured. And also bitcoin is reliable to its small amount of transferring time which is good for business transaction.
Bitcoin, as a payment system, is not very convenient. I think it is more attractive as an investment, and one day its price will replace gold.
I don't understand what you mean by Bitcoin's price replacing gold. As far as prices are concerned, it is said than bitcoin is already more expensive than gold, but frankly, I don't know how you can compare the two. Whatever you may mean, it is unlikely that bitcoin will ever replace gold. Gold has its own application just like Bitcoin's and they don't overlap very much, so they don't even compete.
people use bitcoin for saving more than paying.
it’s funny to use bitcoin for buy bicycle and find next years you can buy car using your old bitcoins
it’s funny to use bitcoin for buy bicycle and find next years you can buy car using your old bitcoins
Yes, online transactions are sometimes using Bitcoin as their mode of payment. But, I don't think it will last for long because there might be a case that people would prefer the cash transactions again.
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?
There are many who argue that Bitcoin is not a payment system because its value is too risky, it can increase or decrease rapidly in a short time. When paying no one wants to receive a sum less than what they sell in just a few hours. 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?
That would be great for us bitcoins users because the process of payment will be less hassle for us. And sometimes some instances we do not have cash and we need to pay something but we have bitcoins that is the one we will use to pay. It is easy too because you will just scan the qr code and then you are good to go the payment will be done in a exact price. But i hope that the paymebt will not have any fees because some wallets have fees if you are gonna send it into a different wallet.
The answer to this question is yes and no. Japan for example has decided to give a freehand to bitcoin to run and make money for all. From their airplane to hotel every one loves Bitcoins there, however there is one very important which is bad for Bitcoin is the fees. So from a story I read on the net, a guy in Las Vegas tried to buy a 1$ Bitcoin lmao, but he couldn't because of the high fees, and that is the main worry, the high fees kills it. Unless it's resolved it can't be a major payment system.
It has already status of payment system, just not all counties wanna accept it 
Time will show who is who.
I have seen an airline is accepting the fare of journey in bitcoins and as far as I know, with the current speed of growth of bitcoin one day every firm will have to accept bitcoin in their transactions and on that day world will revolutionized. Time will show who is who.
It has already status of payment system, just not all counties wanna accept it Time will show who is who.
Time will show who is who. Bitcoin can’t be used as payment system because price of bitcoin keep rising fast.
if you have 1 bitcoin it’s better to save it more than used for daily payment.
if you have 1 bitcoin it’s better to save it more than used for daily payment.
This , plus the fact that transaction fees aren't getting any lower at this time... It's better to just hold on to our Bitcoins for now and wait for further updates about lightning.
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