Topic: Bitcoin-Credit Card - page 4. (Read 3482 times)
i heard about bitcoin debit card but bitcoin credit card looks interesting who will give credit in bitcoin demoniation
Don't you think the use of credit card works as the same way as bitcoin does?
Why would I think that? They're absolutely nothing alike, and while I do believe that if BTC actually becomes mainstream banks will rise with it and they will offer credit lines as well, then it's just a replacement for fiat, while effectively just being the new fiat. No use in comparing Bitcoin and credits cards as they have nothing in common.
You will have reason only the day when in the market there will be no more bitcoin debit card. Until that day, repeat that your's are only words. There is no any other third party in the case of Bitcoin credit card. I am not talking about bitcoin debit card (which even those exist, so are a fact, independently what must or can tell you and me about the trust). The bitcoin credit card (must do) work very differently compared to bitcoin debit card. See my previous post to see how work the bitcoin credit card, in which are used the bitcoins and you will see that the only person which have command on the bitcoin used by this credit card is only the owner of the credit card (and the bitcoins). No one other. No any kind of third party. But even without the above explanation the fact about the existence of bitcoin debit card mean that your word about the trust and the other things are only word. The reality is another. And the reality is over all the parties.
Bitcoin credit card is a really bad idea if Bitcoin is still not regulated by a government agency. Because there is no way for the lender to get something back if they don't get in physical contact with the borrower and as we know banks don't accept any collaterals but real estates.
bitcoin is similar to credit card but bitcoin is not controlled by any company . also it is anonymous , so if you want to make transaction you don't need show your information
The problem with a bitcoin credit card would be that if bitcoin falls, and becomes dust, how would users pay their credit card bills? If only there was a debit card that charged a flat fee instead of per-transaction...
CreditCards are based on the current economical system, Simply it subtracts from the balance and connect to the bank, it's relatively a form of electronic non-paper money but no more similarities to bitcoin which is a new currency.
That would be a good idea. So far only debt Bitocin cards are avilable but maybe with time some credit cards issuers will make this step too. But what could be the problem for them is Bitcoin price fluctuation, because with credit card you buy now but pay later so it's hard to determine what the real expenses are.
Bitcoin debit cards are going into circulation. It seems to be a success as it has made the conversion of bitcoin to fiat more easy than contacting traders. This time credit card introduction is also a good move.
I dont think so there should be a credit card for bitcoins. Credit cards are mostly used for online transactions and bitcoin has this feature built in that you can use it online without any card etc. Although you there is no advance payment feature in bitcoin that you buy anything on credit and pay later.
if bitcoin have a credit card that will be very great. bitcoin payment media would be highly desirable.
It can be a blessing or a hinder on the bitcoin community. You know how dangerous and tempting credit cards can be.
And in the addition that bitcoin is hard to put value on it from minute to minute this can cloud a persons judgement on how much they will spend. Isn't that how it is with credit limits on the current format of how cards work?
And in the addition that bitcoin is hard to put value on it from minute to minute this can cloud a persons judgement on how much they will spend. Isn't that how it is with credit limits on the current format of how cards work?
When you use a credit card, you are using funds that you don't own. Whereas with Bitcoin, you need to have the Bitcoin to spend it.
There is really no way you can compare these two.
you can compare it im pretty sure there are some companies that offer bitcoin credit cards, i would definitely offer bit-x as they are around for a while alreadyThere is really no way you can compare these two.
if i had more bitcoins i would definitely have a credit card with it and i would use it for taking money from time to time
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you should see their fee's list before trying it out, to be honest i just used this debit card for purchasing thing online and never withdrawn my cash in atm because they'd took fees about 3.5$ and i think it's quite big, i would prefer exchanging from my local exchanger which only took fees about 1$,so use it if you can afford the fee
I will be prototyping Credit Card. I will need some people that want to test and give feedback about possible product.
I am already offering credit lines so giving credit cards is next logical step.
I am already offering credit lines so giving credit cards is next logical step.
But I think Bitcoins are still superior than credit cards, mainly because you dont feel safe about putting your debit card or credit card's details into a anonymous site while with bitcoins, you can pay them and relax as they never will be able to steal coins from your wallet, but cards are not like that.
When you use a credit card, you are using funds that you don't own. Whereas with Bitcoin, you need to have the Bitcoin to spend it.
There is really no way you can compare these two.
There is really no way you can compare these two.
I personally do not think that you can relate a bitcoin to a credit card. They have to many differences but in my opinion i think that you can relate a bitcoin more closely to a debit card but that is only my opinion. I wonder what other people will say
I agree with you that bitcoin can be better compared with debit cards not credit ones. because one when spends from his wallet it is similar to spending from a bank account. they can be consider as competitors as their use is quite similar
I personally do not think that you can relate a bitcoin to a credit card. They have to many differences but in my opinion i think that you can relate a bitcoin more closely to a debit card but that is only my opinion. I wonder what other people will say
It is not a simple thing changing your credit card number if you feel it is becoming a issue. Bitcoin you can alter the address with a press of the button. The connection seems weak because one has somebody analyzing every transaction and the other does not give a damn.
Maybe in the future they will create that credit card of bitcoin..that is accepted in designated machine or in any atm machine , for much easier transactions of withdrawing or inputting some bitcoin on it.
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