Bitcoin as payment system - page 55.

GreenBits

legendary

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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?

but is it really? these are two separate topics here. yes, we are indeed in a bubble, but it is non material as we arent out of it yet an the majority of participants dont perceive it. but that is secondary to the general unsuitability of bitcoin as a everyday medium of exchange. high fees, slow transactions and general user unfriendliness all contribute to the issues with bitcoin, and why we havent hit the mainstream yet. we need to advance the protocol in a big way. we say we want adoption, but do you really want network performance even worse than the current state?

charlescoin

full member

Activity: 182

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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 bitcoin is failing as a payment system but succeeding as an investment and asset. Things might change in the future with scaling solutions but as it stands right now it is pretty much useless for anything but larger payments where a few dollars in fees won't matter.

lovela

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I don't think sMerit harvesting is a serious crime

Bitcoin is supposed to be used as the payment system for various products and services for business but that's not the case today because people are willing to invest because Bitcoin price is increasing every week or even everyday so I think Bitcoin is just for investment and for the payment system, there should be the cryptocurrencies that are fast enough even there's a massive transactions to be process in a minimum of time.

zais

full member

Activity: 196

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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 offers many advantages over traditional banks. This bitcoin enables international payment delivery regardless of currency conversion, within about 10 minutes, and the transaction can not be canceled once done. This side can be seen as positive or negative.

DU18

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Binance #SWGT dan CERTIK Audited

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 really appreciate if any business system accept bitcoin as payment method.Bitcoin transactions is really fast and smooth.And I can sent money worldwide.So I think it will attract more people if any business start accept bitcoin.I know many shops and markets are accepting bitcoin in china.And they got positive response from customers.So,I hope in future every countries people will be able to buy necessary things from shops with bitcoin.

Ejanend

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Quote from: Tantalala on December 09, 2017, 05:36:38 AM

I think it remains as payment system. In my contry the machines have included the payment system, but they do not work. I hope they will work as soon as possible, especially now when bitcoin is growing.

Yeah it is very important to have a proper system for it and if bitcoin will not have a proper system of payment it will affect the demand of bitcoin is suffered country it is tough to use bitcoin without proper system for payment. Bitcoin is gonna be use for the payment system in my country as well because bitcoin has bright future as a virtual currency because it is easy and simple to use and bitcoin transaction has become fast now.

Sinistlercoin

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BTC wiill never be accepted as a common-use payment system unless it’s cost stablizes. If you were a retailer, would you want to accept BTC not knowing what value it would have in an hour? If you were to accept it based on value in any monetary denomination, it simply becomes a means of financial exchange, not money.

shairblogger

newbie

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I think in 2018 was big year for crypto system specially Bitcoin...

Opquar

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Quote from: di.ako.toh on December 07, 2017, 07:31:15 PM

It is indeed a great idea, to used bitcoin in payment system. It is quite hassle free and convenient somehow to used this type of virtual currency. Bitcoin as one of the payment method can be is such a great idea and useful to everyone.

Not right now. Transactions are stuck in limbo again and fees are sky high. We have to acknowledge a problem before we start solving it. Bitcoin has always had a scalability problem, and it is in full display now.

alphacoco

member

Activity: 110

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Bitcoin was the first crypto and as a result it wasn't perfect. As a payment system it doesn't work. I'd love to see one of the ALTs pick up the mainstream payment system.

The way China uses digital currency through weibo I is something I would love to see in the west and if it involved a non-centralised payment system through a crypto even better .

sandwichman1

member

Activity: 62

Merit: 11

I can not see bitcoin as a means of payment, I see it as a placement

Shivan Dragon

member

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Some business establisments are now implementing bitcoin as payment system because of its popularity. While others are still studying or still surveying whether they will use bitcoin as mode of payments. As for me, it will be convenient to us if bitcoin will be allowed as payment system.

randal9

hero member

Activity: 546

Merit: 500

this is a good idea for the future, but so far it is impossible, since the transactions last a very long time...at the moment I don't understand how this can happen

Tantalala

newbie

Activity: 64

Merit: 0

I think it remains as payment system. In my contry the machines have included the payment system, but they do not work. I hope they will work as soon as possible, especially now when bitcoin is growing.

vergel24official

member

Activity: 154

Merit: 16

Bitcoin has no refund if you use it as a payment system example in online shopping what if this site is just a fraud seller don't deliver your order there 's no way to refund it.

snipetr

full member

Activity: 294

Merit: 100

Yes, in future bitcoin can be used as payment system. But it takes time, because still bitcoin is not accepted in all areas of world. Also it is decentralised and hence no one have control over it, that may create issue to bitcoin as payment system. Bitcoin is digital currency, so it is totaly depending on internet and it doesn't have physical appearance, so may create problems as payment system.

Saifher

full member

Activity: 126

Merit: 100

I really wish bitcoin is still seen as a payment option/currency in the future. We have a great and innovative technology in our hands, it would be very sad to see it being wasted. But first we need to find ways to enable more transactions per second on the blockchain, so that any number of people can use it fast and cheap.

mayidid

full member

Activity: 210

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It is not that clear to use bitcoin as a mode of payment because its system is not that suited for that thing since that you can see that the network of bitcoin is still low and a lot of transaction are being made everyday that causes a lot more slower speed of confirmation for a transaction so i think that bitcoin needs a lot more improvement before becoming a payment system.

Argoo

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Activity: 2464

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Now bitcoin has problems with its use as a means of payment. His transactions are slow, do not cope with bandwidth and hang. Also, many complain about the high commission costs in carrying them out. If these problems are solved, bitkoyn could be a good payment system for its use at the world level, because it is relatively fast, simple and safe.

Tungsten-1

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Quote from: rfcdejong on December 07, 2017, 01:28:42 PM

If bitcoin becomes a payment system, then we will wait for a long time to confirm the payment. Also, a coin with a large volatility is not the best medium for payment. I'd rather use cash or a credit card.

As a payment method definitely bitcoin is not suitable because of it’s volatility as you have said. Actually when something is not making up to mark when payment method comes to an account, then it shouldn’t be opted. Bitcoin is amazing and no doubt in it, but one thing is not best in every field. So bitcoin shouldn’t be used as payment method due to its non-uniform nature and behavior.

Topic: Bitcoin as payment system - page 55. (Read 6073 times)