Topic: Bitcoin as payment system - page 57. (Read 6073 times)
I see the advantages bitcoin is a combination of fiat and gold. bitcoin can be used as currency and investment. because of the issue of legality, bitcoin is currently used more as an investment, except in certain countries that have legalized it. in the future, I am sure that bitcoin will be an alternative payment besides the accepted fiat around the world.
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
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 bitcoin would be mire stable in the future specially when it reached its market cap. I guess if it is a bubble then it would have blown up this year, so I think bitcoin will stay and will be a better currency as a mode of payment in the future than an investment opportunity.
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.
It is treated as the modern day gold or the digital gold of this era. Satoshi wants to do oppose of what the government is trying to gain control with transactions and financing.How do you think, will we be using bitcoin as payment system?
What do you think of the legendary 10,000 BTC for 2 pizzas? Isn't bitcoin used that way?Or it will stay as it is and this bubble blow up one day?
It will stay as it is but what's with the bubble? You are one a bubble bitcoin believer? it will not pop and bitcoin is not a bubble.And how do you see it's future?
The future of bitcoin is going to be one of the most historical in terms of finances, the gov't will do something for the people to get out of it but they will fail. 
Would love to see Bitcoin being used as it was intended by Satoshi, at the present time this rather seems like a dream though. People are looking at Bitcoin more like a commodity and not as a means of payment. Hopefully this will change at some point in the future, when Bitcoin reaches a stable price.
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?
Of course, if bitcoin is the time to become a valid payment instrument why not. Many of the convenience we also get from bitcoin if it really becomes a means of payment, and of course more transparent transactions.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 will definitely Bitcoin as a payment method but only for transactions across border and at places where I don't want to reveal my identity. Bitcoin can help in making anonymous transactions across the globe and finally we have a payment system which really care for our privacy. But if I need to make payment for small expenses I would not prefer Bitcoin due to its high transaction fees or otherwise slow transaction speed under less fees.
BTC as payment.... Don't you think that the volatility of BTC will scare companies to implement payment in BTC?
There are many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks. It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.
Actually, me as a newbie I really think it is a bubble. But I've read something that they are not because they are backed by mathematics. But I am amazed if one day it will be our new currency. Imagine a world without a tangible cash, it is cool. 
But in order to make bitcomun a good payment system it is necessary that the problem of low bitokoin bandwidth be solved. About 200,000 currently hanging transactions in bitcoin, this does not honor the leader of the crypto currency. Seven transactions per second are too few for an increasing number of transactions. If bitkoyn does not solve this problem, it will simply turn into a value store, but this value may fall as people switch to more successful coins.
It would be very cool, and plus the fact that transactions are not tracked that would be very good for people. But, a certain amount of bitcoin, and this number will peak in 2020, as far as I know, and then what will happen, what will happen with the payment system? So it's not taking into account the fact that there is a need to greatly reduce the time of the transaction.
If selected the best form of payment I would choose bitcoin because of its anonymity and speed. You will not have to carry anything else besides remember your password bitcoin wallet and you can pay all over the world.
Bitcoin is a good payment system because many people are enouraging here because of its price that increasing and its good thing to know that being a payment method of bitcoin there are many features to invent.It was a safe transaction and secured for online payment.
Bitcoin is already used as payment system. People are turning more to investment because of the insane rate of price increasing this year.
For me bitcoin is a safe transaction and There have to accept bitcoin payment like online and your bitcoin will be trade your currancy.
Bitcoin has more than 1 issue with it, scaling, it needs to be able to cope with mass transaction daily, if it is to gain mainstream adoptian. security, right now this is vital too, in the sense that if people were to lose crypto fraudulently, then there is nothing in place to prevent this from happening or even reimbursing lost funds, just like the centralised banks. Volatility, it is bad for business, when an asset shoots up or down too much, just like btc doing now, this needs to be bettered. user interface, right now using the platforms which deal with crypto are somewhat difficult, especially for the non tech savvy individuals, it needs to be more user friendly, just look at EtherDelta, I personally went through a lot learning how to use decentralised platforms, lost some ether in the process too.
I think these problems with crypto will be ironed out, it’s not a matter of “if” it’s a matter of “when”.
I think these problems with crypto will be ironed out, it’s not a matter of “if” it’s a matter of “when”.
Bitcoin is already used as payment system. People are turning more to investment because of the insane rate of price increasing this year.
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.
That would probably the main goal of Satoshi, but then again what if he just wanted to have a currency that can be used as the user see fit, but it so just happened that its currently the most expensive currency in the market, that's why many people see it as a model of investment.Quote
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?
Let's face it, eventually the bubble will really going to explode as it reached the last drop of Bitcoin that could be mined. But as a payment system, well its currently in the Beta seasons, as few countries have just accepted it as their currency, but who knows it might end up as a disaster or maybe it could be revolutionary.Quote
And how do you see it's future?
We really can't see the future, but we can always predict what's going to happen, as long as it will be as close as it should be then its fine.
It is not completely implemented but soon we can see it as a payment system. It will be a great thing which will be implemented in the coming future and will be very easy means of Money. It will help people to digitally transfer money and many more.
Bitcoin as a good payment system if applied all over the world but not to replace the existing currency .. it will make it easier if we walk to various countries, just scan barcode and payment is complete.
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