There are 3 main differences:
Decentralization
Decentralization
Decentralization
And some other minor differences.
“Decentralization” is a word most people don’t use every day, so they may not immediately get what it’s about, which is a shame. But you can’t even begin to understand the what and why of Bitcoin without understanding decentralization.
Quora credits are controlled by Quora. They are at complete liberty to issue and manage the currency however they want. If they want to inflate and depreciate it they can. If they want to impose restrictions they can. If they want to charge fees they can. If the Quora servers go down, Quora credits can’t be used. If something happens to Quora, bye bye Quora credits.
L$ are controlled by Linden Lab.
WoW gold is controlled by Blizzard.
PayPal$ are controlled by PayPal (and by US authorities, who control the US$ on which PayPal$ is based).
Bitcoin is decentralized. It is not controlled by any single entity, but by a p2p network using a shared protocol, to which anyone can join.
This fundamental property is what allows all the other features and advantages Bitcoin has, which you can go on and study now that you understand the root cause of it all.
Topic: Bitcoin as payment system - page 51. (Read 6088 times)
Bitcoin is a great currency to use online for transaction here to be done. In addition to what you’re saying, there is less probability this is a bursting bubble. It even turns out that bitcoin will grow much bigger and more stable.
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 as one good investment in addition to gold, bitcoin can also be an online payment tool for now, and it can be done in the country if they have legalized bitcoin currency
The only way that bitcoin could be considered as a "real" payment system and almost accepted by almost all the merchants all over the world, is just if the fees are lowered.
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?
yes, therefore bitcoin is not currently effective for micro payment due to large transaction fees. if the issue of transaction fee can be overcome, bitcoin can be a very effective alternative payment in the future.
Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin 
In my opinioin in coming 2018 bitcoin it will bring us a huge growth of bitcoin. Because of the demand and popularity. Bitcoin value is getting up in the future many of the investor will gain in high profit.Well that is what we are all been waiting for. However with the high cost of fees and slow confirmation times. Bitcoin can't be used as payment system. The more the price goes up, the more it can't really be mass adopted because no one can really afford the high price.
Of course it will grow in 2018 as investments, everyone will gain profit, I mean huge profit, but regarding as mode of payment? I don't see it happening unless scalability is solved.
its already more like an investment coin than payment system. even bch's fees are already over the limit of what you would pay daily in regular amount of txs. even $100k by the end of pow looks a little small
Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin
In my opinioin in coming 2018 bitcoin it will bring us a huge growth of bitcoin. Because of the demand and popularity. Bitcoin value is getting up in the future many of the investor will gain in high profit.Well that is what we are all been waiting for. However with the high cost of fees and slow confirmation times. Bitcoin can't be used as payment system. The more the price goes up, the more it can't really be mass adopted because no one can really afford the high price.
Of course it will grow in 2018 as investments, everyone will gain profit, I mean huge profit, but regarding as mode of payment? I don't see it happening unless scalability is solved.
Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin
In my opinioin in coming 2018 bitcoin it will bring us a huge growth of bitcoin. Because of the demand and popularity. Bitcoin value is getting up in the future many of the investor will gain in high profit.
The only way that bitcoin could be considered as a "real" payment system and almost accepted by almost all the merchants all over the world, is just if the fees are lowered.
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?
The fastest growing cryptocurrency is running at a very fast rate on its track of success. It's continuously inflating valuation has attracted people to invest into it and help them to mint money. Till now, BTC not become the payment system, one has to exchange it with the local currency but the high speed bullet train BTC will start as a payment system and will become that much famous it could lead to the use of paper currency to very less extent.
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?
if I were to choose if bitcoin will be used in payments I will agree for easy transaction even your at your home or in the work place you can paid your bills on time without any hardship or thinking you're too busy to go out you can just use bitcoin instead of exerting your time to do multiple task it's really exhausting for an individual. 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?
I think we are now using Bitcoin as payment system for online purchase and some other store that allowing costumers use Bitcoin as a payment. And I think about that bubble will not burst any time in our lifetime, Bitcoin may fall someday I think but not in our lifetime. All things have an end, there will be a new technology that may goes right up and take Bitcoin position.
Amazon has already implemented a payment method for bitcoins and i hear the news that McDonalds will also accept bitcoin for their fastfood restaurant and it will be a faster transaction and cheaper food to buy.
That is just rumor, it will not be sustainable if both big companies implement Bitcoin yet, except the lightning network has been successfully working and implemented so the transaction can be cheaper and quicker.
Amazon has already implemented a payment method for bitcoins and i hear the news that mcdonalds will also accept bitcoin for their fastfood restaurant and it will be a faster transaction and cheaper food to buy.
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?
All I can see in the coming years are a lot more fluctuations specially when hard forks happen. December of this year, we currently are experiencing fluctuations that it caused a mass panic and eventually, everyone is panic selling their bitcoins. The bubble that is bitcoin is reducing in size. We're far from a popping bubble.
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?
It will be great if wecan sue bitcoin as a payment, it will be more convenient for us because we dont need to bring money and we all need is gadget and internet.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?
The future is bitcoin is going to be awesome especially its value is getting higher and higher, the demands will also be higher
That would be impossible. Not all people can afford to transact using bitcoin. Why? Not all people have access in wifi, not all people can afford to have phone with wifi some people uses old phones like nokia 3100 that the only use is to communicate and not all people have the capacity to understand bitcoin.
I think it is a great idea that should be consider by other countries n the whole world. In fact some bitcoin wallet use this kind of service provided to their customers.
Through this they allowed every user to pay bills and pay purchases cardless, effortless and in a fast transaction.
Through this they allowed every user to pay bills and pay purchases cardless, effortless and in a fast transaction.
Yes, it is a good idea to have bitcoin payment system so that all transaction will be easy. No need to bring paper money to pay such transaction and also you can avoid evil people who wish to steal your money
I think it is a great idea that should be consider by other countries n the whole world. In fact some bitcoin wallet use this kind of service provided to their customers.
Through this they allowed every user to pay bills and pay purchases cardless, effortless and in a fast transaction.
Through this they allowed every user to pay bills and pay purchases cardless, effortless and in a fast transaction.
Would exaltation to see bitcoin rouse thing used as it was meant by satoshi, at the assume an deed achievement period this rather seems behind a aspiration even though. People are looking bitcoin more once a commodity and not as a means of payment. Hopefully this will shape at some easing in the difficult, behind bitcoin reaches a stable price.
There are lots of country accepting bitcoin as payment already. There are also websites accepting it such as Word Press, Over Stock, Subway, Microsoft, Reddit, Virgin Galactic and many more. Bitcoin already have its highest value as of now. Bitcoin makes the transaction fast as ever and soon we can expect that there will be a change in payment system and Bitcoin will be the one who will lead it.
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