Bitcoin as payment system - page 56.

aleksandra_kickcity

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Quote from: Freyya08 on December 07, 2017, 08:28:27 PM

well for me, using bitcoin as payment is somewhat good, we dont need to leave the house when paying, it could be more convinient to us. It is also very useful specially when travelling, you dont need to bring cash or you dont need to
go to a foreign exchange to exchange your money to their currency. But as of now, not all establishments accepts btc. So hopefully someday when btc becomes available everywhere, to used btc in payment system is a good idea.

That would be nice to have one currency for all the countries. Pretty convenient =)

Nancy Lisa

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Bitcoin can be considered as the best payment system. it will be practiced forever because of its unique features like P2P , decentralized system etc

chichiah

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Yes you can pay your bills through your bitcoin and wallet. Because bitcoin is a software cash.

TheGodFather

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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 has slowly being integrated as a payment system slowly but surely to some countires. There are some small time shops I think that have that option though it is very rare to see here in our country. But bitcoin as a payment system is i think the future

Freyya08

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well for me, using bitcoin as payment is somewhat good, we dont need to leave the house when paying, it could be more convinient to us. It is also very useful specially when travelling, you dont need to bring cash or you dont need to
go to a foreign exchange to exchange your money to their currency. But as of now, not all establishments accepts btc. So hopefully someday when btc becomes available everywhere, to used btc in payment system is a good idea.

378budiman

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In your opinion Bitcoin in the future will be as a method of payment. Many people focus on Bitcoin prices, but Bitcoin is still the best technology and the best system out there for payment and bitcoin storage transactions. You do not need to register, you only need a secret number (pin) to receive bitcoin. Much easier than other payment methods.

oemar bakrie

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For now I personally not suitable if bitcoin become a legitimate payment money .. because I appreciate the currency of my own country which we used to use for payment..
but it all depends on government policy how, because not all citizens can access bitcoin and use the way get it ..

di.ako.toh

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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.

ecnalubma

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www.Artemis.co

In our country bitcoin is being circulated and used already as payment system by few establishments for years. To be honest I'm lil bit undecided whether it is a proper payment for everything since its very volatile with its price, but to define it as a commodity maybe better. But definitely bitcoin change everything nowadays but there's a lot to improve before it can be the best payment system in the world.

iamzill

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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?

for now it's a bitcoin as a place for the most appropriate investment through the internet but in my country I can not use bitcoin for legal payments because my government still uses local money as a legitimate payment to make transactions, but one day I'm sure bitcoin will became the legitimate currency of my country

reingelz09

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Methods of paying using bitcoins has already begun. Some establishments are already using bitcoin especially those who are internet basis establishments. Steam already used bitcoins as payments for example

Rozita

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Quote from: ?? on ??

Bitcoin is an open and independent system and everyone can use it for whatever he likes. Whether you use it as a payment or deposit and withdraw system to online gambling sites or as a trading or investment option, it's up to you! Wink

Yes, Bitcoin is now useful in gambling websites. But you cannot use it for whatever you want. Can you buy an ice cream with Bitcoin? Do You know how much you must pay for fee?

adotrulez

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Personally I still don't think we have enough merchants accepting Bitcoin for it to be called a 'currency' per se. Yes it can be changed to money and all but I'm talking a kit actually using it to buy stuff directly

tanjiran

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Quote from: Rozita on December 07, 2017, 06:35:55 PM

Quote from: dharnamonitor on December 07, 2017, 06:13:47 PM

Not feasible as of now, you should know the things about the previous replies posted here like transaction fee, transaction speed, and volatility. So, most of us usually used this crypto for investment purposes and occasionally used for payment. You'll definitely find it hard to buy something with bitcoins

I agree with you about the problems such as transaction speed, price volatility and high fees. But I think in future with solving these problems, a blockchain based system will be used all over the world.

in addition to volality, bitcoin is still not legalized by many countries. only certain countries like Japan use bitcoin as currency. So bitcoin owners in countries that do not give legality to bitcoin can only use it as an investment, while for the payment activity is still not maximized.

Rozita

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Quote from: dharnamonitor on December 07, 2017, 06:13:47 PM

Not feasible as of now, you should know the things about the previous replies posted here like transaction fee, transaction speed, and volatility. So, most of us usually used this crypto for investment purposes and occasionally used for payment. You'll definitely find it hard to buy something with bitcoins

I agree with you about the problems such as transaction speed, price volatility and high fees. But I think in future with solving these problems, a blockchain based system will be used all over the world.

Tadblt

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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?

Bitcoins payment system is one of the best payment system because having a transaction using bitcoin is way easier than the paper moneys.
However, bitcoins also have cons and pros to be monitored too and that could be the main matter that i see in the near future.
It could also let the individuals around the world to trade and have deals easily as it is compared to the actual money that we use.
I see the future bitcoin as one of the most used currency in the future but, it wont replace the paper money.

imamimam1234

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The Winner Stands Alone

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?

No. I don't think bitcoin as a payment today because bitcoin's bubble, it's more valuable as an investment. If you are going to use bitcoin as a payment system. I see it people will spend it after keep it till the rate so high. Today's rate $13k, it does mean even tho you have 0.05 it is really precious you can use or spend bitcon as a payment like a king. Cheesy

furry04

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I think that btc can`t be used as payment system anymore and it will become an asset and reserve for other cryptocurrencies such as gold which is the reserve for fiat currencies.

Zicadis

legendary

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Dump it!!!

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.

Despite being the riskiest, i think its currently best of the best

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 AM

However, we know that Satoshi wanted to change money as we know it rather than new investment model.

Besides being used as a payment system I think Satoshi wanted to give people financial freedom by liberating us from a system that he believed was broken, expensive and ineffective in service delivery.

Quote from: aleksandra_kickcity on December 04, 2017, 05:34:43 AM

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 prices go to the moon it makes more sense to keep it as an asset, a store of value like gold and this is where we might be going in the future.

Nhebu

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Quote from: aleksej996 on December 04, 2017, 05:48:38 AM

I think Bitcoin will prevail as a payment method. A lot of people are focusing on Bitcoin price, but Bitcoin is still a good technology. It is the best system out there for payment transactions and store of value (in other words, currency).

You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).

It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.

That's true! We can't step twice in a river. We have to go with the trends. Bitcoin is not a risky, we have not to worry that our money that we invest will fly someday. Bitcoin made for us to have easy, fast and secured payment and transactions. Bitcoin makes our future better.

Topic: Bitcoin as payment system - page 56. (Read 6073 times)