Bitcoin as payment system - page 5. | Bitcointalksearch.org

Kulafu

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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 just read a post here that Japan started BTC-payment- salary on one of the internet company/provider.
It's happening already.

assyla

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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?

If bitcoin become our new world currency and also to be come our new payment system, For me, it is a great idea because in our time today, all things are instant and then probably we, human want a instant things in all of us like.

BCSHonda

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Activity: 392

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Bitcoin was born as a payment system. Just have internet, then bitcoin can pay for services quickly and conveniently. Consumers only need to remember the user and the password has paid for their services. This is the smartest application that bitcoin has to offer.

akihiko

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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 reallying to bitcoin as payment is ok. As long as you have the reference/receipts. And its more convenient and fast. Hassle freee. And i think even if its blow out. They already had a alternative or work around, meaning they all prepared for that. And for the last one. Bitcoin future depends on the owner and its user. As long as there are people supporting and maintaining it, bitcoin will never expire. Thank yoiu.

hacekd

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Bitcoin is a cash system that syncs across the internet, so everyone can access the same cash account in real time regardless of who and where it is.

Sihab76

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Which countries accept bitcoin as legally, there could be possible bitcoin as a payment system. I don't find any countries where Bitcoin directly use as salary payment.

waitforme

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BBOD The Best Derivatives Exchange

Bitcoin as a new investment system, it is not considered an online currency payment solution, as it has many disadvantages that cannot replace Cash and it is an anonymous system so this is The reason why many countries do not accept the legitimacy of Crypto.

adjiku

newbie

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It is true that bitcoin is a good electronic money transaction but the bank of Indonesia appealed to the public to be careful because there is no guarantee.
Bitcoin is designed to serve as a peer-to-peer electronic payment system. Meanwhile, ethereum is designed for smart contracts that are executed when fulfilling certain conditions.
So someday ethereum will become a competitor for bitcoin

Sithara007

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Quote from: cryptokitty on April 11, 2018, 06:58:56 PM

Of course, it is being use to pay our different bills. I can also pay my bills right away even if i am at home or anywhere as long as there is an internet connection.

The problem is that even with fiat currency there are so many options to make the payment online. We can do that payment using a credit card, or through services such as Paypal. And the problem with Bitcoin is that not too many vendors are accepting it.

Shreek

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need to improve the feature features available in bitcoin
it seems that people have other options that are more effective for transaction purposes other than bitcoin

then who is Satoshi Nakamoto?

lightning mcqueen

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Quote from: renggileh on April 11, 2018, 04:51:33 PM

Bitcoin as a payment instrument is not suitable with the current bitcoin situation as regards the total volume in circulation is too low for the whole world to be scrambling for it, The time for confirmation is to much and the fees are outrageous for now. If these issues are tackled may be then we can consider Bitcoin as a payment instrument.

I don't do bitcoin as my payment system, especially no that the price is drop I cannot use it to pay for my debts because I know I will loose more. I only use my bitcoin to transfer money for my own account.

amadorj76

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Quote from: renggileh on April 11, 2018, 04:51:33 PM

Bitcoin as a payment instrument is not suitable with the current bitcoin situation as regards the total volume in circulation is too low for the whole world to be scrambling for it, The time for confirmation is to much and the fees are outrageous for now. If these issues are tackled may be then we can consider Bitcoin as a payment instrument.

I agree, because right now bitcoin is in the down period and the exchange is too low, if e use our coins now to pay for our debts, we will loose more profit.

cryptokitty

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Of course, it is being use to pay our different bills. I can also pay my bills right away even if i am at home or anywhere as long as there is an internet connection.

DimensionsOfHell

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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.

renggileh

newbie

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Bitcoin as a payment instrument is not suitable with the current bitcoin situation as regards the total volume in circulation is too low for the whole world to be scrambling for it, The time for confirmation is to much and the fees are outrageous for now. If these issues are tackled may be then we can consider Bitcoin as a payment instrument.

ciciteng

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Activity: 168

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The original vision from Satoshi was that; Bitcoin will be the new digital economic revolution, in this case one of them are being a digital payment system.
And since we dont expect that Bitcoin is growing so fast, then we have a scaling problem. But dont worry we have several solution already; the SegWit and Lighting Network.
Once both of them successfully implemented in the mainnet, then we can expects the mass adoption will be grows even further.
This means very low transaction fee and speed of light confirmation. This surely will leads Bitcoin back into the original vision from Satoshi; Bitcoin can be used for daily transaction payment instead only for store of value.

santankara

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I think if Bitcoin becomes a tool in the payment system it takes time and a long process.
Not all companies accept the use of Bitcoin as their payment tool.
Countries in the world also not all of them allow Bitcoin.
I think Bitcoin will be a digital currency in use by many and will be a bubble that could have exploded at any time.

kingcryptolendingcoin

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Bitcoin requires no regulation by any regulatory Institute and regulatory permission. it is being used as payment system among alot of people all around the world. The creation of BTC Future by CME Group is an assurance that BTC as a digital asset has come to stay and can be further use beyond payment system.

tommisetiyawan

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In the long run bitcoin will be used as a fixed payment system, because the distribuid nature of bitcoin we will see that development. If bitcoin can be used as payment. It makes transactions smoother and faster. You can buy and shop online without any hassle. But one advantage of its use is value, all we know is that bitcoin has inconsistent value and I think the price of the product is affected.

davidcox

newbie

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This is good news for all of us, the presence of bitcoin makes the payment system better, easier and cheaper when compared to the payment system banks, western union or others.

Topic: Bitcoin as payment system - page 5. (Read 6050 times)