Bitcoin The Ultimate access | Bitcointalksearch.org

Coyster

legendary

Activity: 2184

Merit: 1302

Quote from: Mahiyammahi on December 09, 2021, 04:01:53 AM

There's still majority people won't believe in bitcoin or they don't know the usefulness of it.

I second that, and I think it's cause of the propaganda and erroneous information the media spreads about Bitcoin, most of this anti-Bitcoin news are sponsored by the government in a bid to discourage people from using Bitcoin so they don't get control of their funds, as we all know the government would stop at nothing to make sure people use their CBDC's instead of Bitcoin, and that's cause they can control their central bank digital currencies, but they have no control whatsoever over Bitcoin.

Quote from: leverageguy on December 09, 2021, 01:17:42 AM

I think it’s safe and secure to keep my money in my wallet even when I am not using it.

Yes it is, so long as it's a non-custodial wallet, if you use a custodial wallet to store your coins, then you're making a big mistake cause you're not the one with the keys to your funds, and by extension the funds isn't yours, the exchange/third party service can be hacked and you'll lose your funds, so always do your research before choosing a particular wallet, and never forget the rule of thumb that says you should never share your seed phrase with any other person.

Rahman11

sr. member

Activity: 1428

Merit: 250

A bitcoin payment gateway allows merchants to accept transactions in bitcoin. These days, most of these payment processors facilitate the buying and selling of many other altcoins such as Ethereum, Litecoin, Ripple, and Bitcoin Cash too.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Exactly right and the whole point of bitcoin and what Satoshi himself wanted to achieve, independence from fiat money and its government overlords. Bitcoin still has its issues and some things it needs to clean up but it’s certainly on its way.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Wexnident on December 06, 2021, 11:08:19 PM

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

But most of the transactions built up as of yet are governed still by third parties due to the existence of exchanges and custodial wallets. I don't blame them though, most people want the ease of access and qol stuff so having all this centralized stuff helps make stuff easier if you don't want to learn or do anything BUT it does defeat the existence of using Bitcoin for what it is. Maybe when Bitcoin is seen as a currency by most then it would be possible, but right now? It's mostly seen as an investment tbh.

Bitcoin is now growing from the investment side to become a payment system, but with the fee that seems too high, bitcoin is still seen as an investment. But yes, I agree that bitcoin is the perfect payment gateway to send funds across borders and the funds will arrive at that person in a short time. But unfortunately, the government side does not fully agree with bitcoin and it seems they want to limit the use of bitcoin for their people. Sooner or later, people will realize the easiness of bitcoin and try to use bitcoin for transactions.

Mahiyammahi

member

Activity: 119

Merit: 46

Well this a very suitable proposal. But to do this this should've be done by big organization or government to aware their all people to know about this type of methode.

There's still majority people won't believe in bitcoin or they don't know the usefulness of it.

I think your proposal can be made true in future

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: Oshosondy on December 05, 2021, 03:57:00 AM

But just that people are ignorant of many things, bitcoin was created to make peer to peer transaction possible and also a decentralized means of exchange but most people nowadays are going for custodial wallets and exchanges not minding their privacy. It was a great work done by Satoshi and other developer involved but most people are fools of scam and ignorant of privacy invasion. They are relying on custodial wallets and exchanges instead to have the knowledge about bitcoin and how to have the privacy needed.

Exactlyy! That has happened since couple of years. After all this is business and everyone is trying to ease peeps around here and making them think that there wider usage for the bitcoin or even other altcoins. Since human is a greedy species and they like to see profits and also have sense of being part of something great they will fall for such traps. No wonder slowly we also need to switch to such wallets for the sake of safety and security of funds. Not for the concerns arising from privacy but to save the coins from brutal hacks. As the time is passing ahead many peeps are getting stronger in hacking side rather than development of bitcoin. As if they are trying to prove something and wanna show how bitcoin is not as great as we think.
Well I dont wanna go deeper on that side but there are reasons for this to happen over the period of years. We have to change as the world reacts!

leverageguy

newbie

Activity: 23

Merit: 0

Bitcoin works great for me too. It saves me time on transactions when I have to make bigger payments. As no third party is involved, I think it’s safe and secure to keep my money in my wallet even when I am not using it.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

Yes you are right about that, but we still have all those third parties (middle men) around in the crypto currency space today. They have looked for ways to penetrate into the decentralized platform of Bitcoin and other cryptocurrencies. And of course what I am referring to are the centralized exchanges and custodial wallets.

These wallets are still the same middle men that we are all trying to avoid, the same middlemen which are the purpose that Satoshi Nakamoto created Bitcoin, So that we would be able to do our transactions without them. Another problem is that people are being too ignorant of issues like this. Some of them say that they don’t care about privacy, so they are making use of custodial wallets which is against what Bitcoin is all about.

josephdd1

hero member

Activity: 1358

Merit: 513

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

One of the main idea of creating cryptocurrency was that banks and other intermediates will be excluded and people will get an opportunity to transfer any sum of money to any country or a person they want, so Bitcoin is the best option if you need to send money to other countries as you don't need to make a report to bank on what the reason for this transaction and where you took money frm.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

But most of the transactions built up as of yet are governed still by third parties due to the existence of exchanges and custodial wallets. I don't blame them though, most people want the ease of access and qol stuff so having all this centralized stuff helps make stuff easier if you don't want to learn or do anything BUT it does defeat the existence of using Bitcoin for what it is. Maybe when Bitcoin is seen as a currency by most then it would be possible, but right now? It's mostly seen as an investment tbh.

Marykeller

hero member

Activity: 1064

Merit: 501

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

The anonymous nature of bitcoin is the main reason why I fall more in love with it. You can store up your whole assets in the comfort of your home without involving or letting anyone know. Bitcoin is a transaction made easy globally(not widely accepted anyway) with a tap of your finger(gadget).
Am beginning to like the fact that people are gradually understanding the benefits of using digital currency in their daily lives

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

Bitcoin has destroyed the rule of the third party

You truly believe in that? Everyone in the world is still using banks and centralized payment systems. Bitcoin and even all cryptocurrencies together represent an immesurably small share of daily transactions of the world.

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

If Bitcoin was perfect, it would have been used way more. Try to answer yourself, why are companies and businesses not rushing to use it for "flexible payments across borders".

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: franky1 on December 06, 2021, 03:01:35 PM

these naive users still want to pretend its "bitcoin" even when its a different network, a non blockchain network and where the units of measure are not even understood by the bitcoin network.

If you're referring to the lightning network, then you'll find me disagreed.

The network may be different, but the units are the same. Yes, beyond the 1 sat, the bitcoin network does not understand and it's foolish to say that you transact bitcoins (since it's only a promise), but prior that, it's real bitcoins. You transfer signed transactions that are normally accepted by the bitcoin network and, alongside, partake in a game theory where you're discouraged to broadcast any other than the latest transaction that is made.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

That's why it's called decentralized, but without a 3rd party in reality our transactions would be limited as bitcoin is still not widely accepted for our daily transactions, we still need fiat to buy kinds of stuff, so exchanges are necessary to convert bitcoin to fiat and vice versa.

If the time comes that there's massive adoption, then probably we can just directly buy to merchants using bitcoin and hopefully it would be instant, no much waiting time to confirm.

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: BlackHatCoiner on December 05, 2021, 04:30:15 AM

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

I discovered that Bitcoin has destroyed the rule of the third party.

And yet, many businesses use custodial wallets (such as Coinbase) to receive bitcoin payments. Even if it's not mandatory, anymore, to use an intermediary for online transactions, we observe that most of the users haven't acknowledged its importance. We still see a significant number of merchants and customers who don't want to be responsible for their own money.

Yeah, it's the “ultimate” access, but what will make people respect that?

to add to this,
many businesses want to be custodial partner hubs. getting users to lock funds up into co-signed contracts where the user requires the consent and signature of their contracted partner to authorise fund movements.
one step down from that. they then want to use an alternative networks that has no blockchain or consensus to allow micropayments, which by their very nature does not have the same security as blockchains.

these naive users still want to pretend its "bitcoin" even when its a different network, a non blockchain network and where the units of measure are not even understood by the bitcoin network.

try to be very risk aware and cautious of people that promote these other networks as 'bitcoin'. and try to correct such people when they overhype their non blockchain offerings as 'bitcoin'

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: romero121 on December 06, 2021, 04:16:22 AM

People and corporate networks are used to custodial wallet usage for different reasons. For that reason, companies and individuals find it difficult to move to decentralized usage in a short time. With centralized/third-party service, if there arises an issue the support team will be questioned and the issue gets solved. Maybe a better understanding will lead people towards the decentralized network.

Start-up companies that accept decentralized payment systems using the blockchain technology will still retain its faint payment system, the bitcoin payment gateway gives access to a global payment system that does not allow the third party centralized payment

aysg76

legendary

Activity: 1974

Merit: 2124

Quote from: pooya87 on December 06, 2021, 04:19:40 AM

Most of them use payment processors such as Bitpay and Coinbase and most of them don't actually receive any bitcoins but they receive the fiat equivalent of it. In other words the reasons why they do it is not because they want someone else to control their money but because they want to receive fiat not bitcoin which is because of its volatile price and the fear they have of sudden dumps.

These merchants accepts bitcoin payments through these payments processors who convert them directly to the legal cash of their country and it's ok as these traders need cash to run the business and Bitcoin is not widely accepted at the moment but they accept to have more customer base as this is the latest trends and both the parties are satisfied like customer pays with btc and the vendor gets fiat for the same.But they can also hold btc in their wallet and earn more profits over it as the main aim of btc is payment processing apart from asset and they don't need to fear it and hold it instead but with time they might become aware about it.

Rest you have nice avatar for you which shows Btc at discount for December and those who can understand it will have bright future ahead.These discounts will be rare to see when you will be buying sats only with few dollars. Wink

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: BlackHatCoiner on December 05, 2021, 04:30:15 AM

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

I discovered that Bitcoin has destroyed the rule of the third party.

And yet, many businesses use custodial wallets (such as Coinbase) to receive bitcoin payments. Even if it's not mandatory, anymore, to use an intermediary for online transactions, we observe that most of the users haven't acknowledged its importance. We still see a significant number of merchants and customers who don't want to be responsible for their own money.

Yeah, it's the “ultimate” access, but what will make people respect that?

Most of them use payment processors such as Bitpay and Coinbase and most of them don't actually receive any bitcoins but they receive the fiat equivalent of it. In other words the reasons why they do it is not because they want someone else to control their money but because they want to receive fiat not bitcoin which is because of its volatile price and the fear they have of sudden dumps.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

People and corporate networks are used to the custodial wallet usage for different reasons. For that reason the companies and individuals find it difficult to move to a decentralised usage in a short time. With centralized/third party service, if there arises an issue the support team will be questioned and the issue gets solved. Maybe the better understanding will lead people towards the decentralised network.

Alisha-k

member

Activity: 840

Merit: 23

The fact that it takes less time for a transaction to be approved is one thing I've come to like most about Bitcoin, asides the time, the service charges as well are on the lower side and unlike our banking system, its less stressful and doesn't require for a third party.

fiulpro

hero member

Activity: 1890

Merit: 831

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

It's generally hard for me to send money or recieve money overseas since my family and my boyfriend both are living in different countries as well. So from my personal experience, I usually try and use Bitcoins as a method of payment or as a method of transfer if I have to. The reasons are as follows :
1. It's takes less time as compared to other international bank transfers
2. You don't have to pay excessive fee
3. You can also do lightning, transactions which might be instant or even choose priority one's from the segWit.
4. You don't need any third parties and you don't have to pay exchange rates of the banks as well

It generally takes like 3 hours for a normal transaction and when we are talking about using banks, it would generally take around 2-3 days, sometimes it will bounce back as well which is quite annoying n

Coyster

legendary

Activity: 2184

Merit: 1302

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

Everything can be put in one sentence and it's "be your own bank", I believe and I think I'm correct if I say that's why majority of Bitcoin users are in the network, people are getting increasingly tired of traditional fiat currencies and their bank accounts that the government can freeze at any time, Bitcoin offers a different sort of finance for people, one they can control by themselves and are free to use their funds just as they please.

But having said that, quite a lot of people are still yet to harness this opportunity, they are still blinded by erroneous publications by the media that Bitcoin is a scam, or still go ahead to store their funds in third party services, which is very risky. If one understands the Bitcoin network, then they can enjoy all it's numerous benefits.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

Quote from: mrtryonebiggums on December 05, 2021, 07:36:23 AM

Exactly. You have learned the gateway drug to a world unknown to us. Never before where we free of geo-political bs in terms of tyranny with local currencies. Now there is an opt-out. And it is wonderful. Satoshi truly was a visionary.

The vision behind bitcoin creation is for freedom and financial independence, Satoshi idea was how to eradicate the tyranny of government and the hold of the Central bank on the financial life of the citizens.

BIT-BENDER

hero member

Activity: 1666

Merit: 709

Playbet.io - Crypto Casino and Sportsbook

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

Yes Bitcoin did that, and I think that when you transacting Bitcoin via peer 2 peer, but exchanges now and their rigours with kyc and other limitations has gradually become a middle man mediating a transaction and also the government has found a way to infiltrate some exchanges by disguising, I think this all let down the Crypto-currency decentralized essence in a way.

mrtryonebiggums

full member

Activity: 322

Merit: 111

Revolutionized Rotating Savings & Borrowings

Exactly. You have learned the gateway drug to a world unknown to us. Never before where we free of geo-political bs in terms of tyranny with local currencies. Now their is an opt-out. And it is wonderful. Satoshi truly was a visionary.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: Wiwo on December 05, 2021, 06:34:36 AM

Why most of them still use a custodial wallets because their don't want to go through the stress of developing their own wallet that can work with their payment gateway that is why they are relying on exchanges such as counbase.

Possible reasons:

They don't know how does bitcoin work nor why was it created. (And they don't care to find out)
They just want to have a quick profit.
They feel more comfortable if another entity holds their money.
They're lured from the fancy buttons and stylish look of the exchanges' website. (Which, definitely, includes the first one)
They want to transact only with other people within the exchange. (Which reduces their fees)

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: BlackHatCoiner on December 05, 2021, 04:30:15 AM

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

I discovered that Bitcoin has destroyed the rule of the third party.

And yet, many businesses use custodial wallets (such as Coinbase) to receive bitcoin payments. Even if it's not mandatory, anymore, to use an intermediary for online transactions, we observe that most of the users haven't acknowledged its importance. We still see a significant number of merchants and customers who don't want to be responsible for their own money.

Yeah, it's the “ultimate” access, but what will make people respect that?

Why most of them still use a custodial wallets because their don't want to go through the stress of developing their own wallet that can work with their payment gateway that is why they are relying on exchanges such as counbase.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: Wiwo on December 05, 2021, 03:51:27 AM

I discovered that Bitcoin has destroyed the rule of the third party.

And yet, many businesses use custodial wallets (such as Coinbase) to receive bitcoin payments. Even if it's not mandatory, anymore, to use an intermediary for online transactions, we observe that most of the users haven't acknowledged its importance. We still see a significant number of merchants and customers who don't want to be responsible for their own money.

Yeah, it's the “ultimate” access, but what will make people respect that?

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

But just that people are ignorant of many things, bitcoin was created to make peer to peer transaction possible and also a decentralized means of exchange but most people nowadays are going for custodial wallets and exchanges not minding their privacy. It was a great work done by Satoshi and other developer involved but most people are fools of scam and ignorant of privacy invasion. They are relying on custodial wallets and exchanges instead to have the knowledge about bitcoin and how to have the privacy needed.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.

Topic: Bitcoin The Ultimate access (Read 220 times)