Topic: Do you think Bitcoin will change, like PayPal did? - page 2. (Read 468 times)
I think Bitcoin is going to be stronger than PayPal. We all know PayPal has a very good function only in the payment area, but Bitcoin can promote cooperation between more industries.
bitcoin and paypal are different. paypal in the earlier of their services wants to attract many people to come and use their services and paypal success to get potential buyer and seller to use the service. and from that time, paypal wants to give the best things for their customer, so they change their rule, but they give the best services to their customer. and now bitcoin, I don't know much about the transaction fee, but I am sure that bitcoin still in the development phase and many things need to fix or manage so maybe what Satoshi said that the cheaper transactions will apply on the bitcoin transaction, but everything needs to be done first, right? and we are still in the new phase and bitcoin have a long journey although we are almost on the ten years from the invented. so maybe we need to wait for a while.
I don't think that we're having an opportunity to bitcoins for being changed, and it is because it is the centralised system what means that nobody rules it so nobody can not willingly go and change it by his desires.
Yes, I think changes are inevitable. Not in the way like PayPal did but with time adjustments will be needed in order to progress further and to preserve position on the market. Nothing can't stay still and frozen in time, development is always needed.
So far Bitcoin doesn't have some serious competition that would endanger it but there is room for improvements that can make Bitcoin even stronger and better.
So far Bitcoin doesn't have some serious competition that would endanger it but there is room for improvements that can make Bitcoin even stronger and better.
Actually the transaction cost in the bitcoin is low but it is higher in relative term but it needs to make it lower. I think this will happen as the number of users of bitcoin is increasing day by day. So investors need to be calm and give some time to the bitcoin.
No I don't think Bitcoin will change. Maybe it's just getting lower nowadays but I'm thinking it will go higher in a few months.
I don't think it will become like Paypal any time in the future, after all, Satoshi did invent it for to introduce it to us as a better alternative to fiat money, which is easy to carry with you, have low transaction fees and can be send anywhere all around the world. Don't think they will stand aside from their own principals.
Yeah, once we get Lightening functional then it should be able to handle these promises no problem. And it will make people more willing to use it for different purposes.
I think that Paypal is different because it focuses on business transactions rather than peer to peer exchange. It's just trying to give sellers on eBay an easy way to collect cash, and its charging the shit out of these people in the meantime. Paypal collects so much money, probably almost as much as Western Union, in all of these ridiculous fees, and most users don't even notice it.
I think that Paypal is different because it focuses on business transactions rather than peer to peer exchange. It's just trying to give sellers on eBay an easy way to collect cash, and its charging the shit out of these people in the meantime. Paypal collects so much money, probably almost as much as Western Union, in all of these ridiculous fees, and most users don't even notice it.
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You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
Lightning Network delivers on those "promises" (Bitcoin is not a company so I don't think it's correct that Satoshi has promised us anything), LN is cheap, fast and even private
As for being better than competitors, then the thing that matters the most is wirting code. Users can suport different chains and projects, but really 99% of the work is done by developers. I don't see how average user can make Bitcoin transactions cheaper, they could try to boycott Bitcoin by switching to some other coin, but that wouldn't have any effect on devs, they already try their best.
PayPal uses fiat money to make transactions, but bitcoin is different from that.
Technically, PayPal isn't using anything to transact with.
The only thing its doing is hold fiat (the asset) in custody and allow you to transact with others through their ecosystem. While you think you are sending fiat back and forth, the only thing that's happening is PayPal digitally changing both your and the receiver's balance. That's how basically every centralized financial service works; you don't ever get the actual asset unless you physically withdraw it.
With Bitcoin you are directly moving the actual asset back and forth, which is why we should never aim to be similar to any financial service.
Bitcoin is not as paypal I think. Many of the countries still against with bitcoin and they haven’t clear concept about bitcoin. If bitcoin is recognized as paypal I hope it will be have feature like paypal.
Change is constant and any thing can happen in the future ,no one ever believe PayPal will dump when some years ago it was used by all online merchant, so another might still come better than btc.
While bitcoin transaction fees vary, they really depend on the difficulty of mining set in the coding of bitcoin. Higher network congestion, higher fee. The only thing that will make it have excess fee than this is if you use exchangers' services.
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You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
It was so much easier and predictable for a PayPal because it is a centralised system with coordinated principals. But per bitcoin which is decentralised it is so much harder to be changed or something like that happened with it. You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
bitcoin is not a company that you are comparing it with one and it is not promising anything, it is what it is. a decentralized payment network that has certain characteristics. and people (the peers) are on this network because of those characteristics and if those characteristics go away then those peers will also go away.
for example decentralization is one thing that everyone would agree that if it goes away everyone would also go away with it.
cheap transaction fees is another one. people will not stick around if fees go up and stay up because one important characteristic of bitcoin would die and that is being a currency. and without it there is no point staying around in my opinion. not that you should not confuse a spam attack higher fees with natural high fees because of lack of capacity.
for example decentralization is one thing that everyone would agree that if it goes away everyone would also go away with it.
cheap transaction fees is another one. people will not stick around if fees go up and stay up because one important characteristic of bitcoin would die and that is being a currency. and without it there is no point staying around in my opinion. not that you should not confuse a spam attack higher fees with natural high fees because of lack of capacity.
Changing some for good is always appreciated and i believe that if bitcoin would change or modified something then definitely that would be for the welfare of us.
Another PayPal, but unlike PayPal. PayPal uses fiat money to make transactions, but bitcoin is different from that.
PayPal only has one function, which is an online credit card that covers all countries, but bitcoin can be used as a payment system throughout the country but other functions, bitcoin can be used as an investment place.
Regarding payment fees, I can say developers still need a process to make it real.
PayPal only has one function, which is an online credit card that covers all countries, but bitcoin can be used as a payment system throughout the country but other functions, bitcoin can be used as an investment place.
Regarding payment fees, I can say developers still need a process to make it real.
We don't know yet. But there is always that possibility. I mean that there will always be change no matter what. It could be good or bad depending on how the outcome will be or how we the community views of that.
--==< http://prntscr.com/kfd3d4 >==--
You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
You know, when companies start out, they make these FREE forever promises and then they grow into multinational
companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still
trying to honour that promise or will we turn into another PayPal?
Just reminder that we are supposed to be different than our competitors. Right?
when bitcoin becomes a central cryptocurrency for all altcoins and if it is considered to be a gold asset, we will get cheaper transactions from alternative tools with reasonable fees.
I don't think that bitcoin will change. In the Q4 of last and early this early, bitcoin has high transaction fees. Which many people think it was crazy. But now there's lightning network which help bitcoin scalability and speed. Also I believed that there will be more development for bitcoin transaction speed in the future.
hmm, i like this topic, i think bitcoin transfer fee right now is low, but there are many transaction in this world about bitcoin, so the priority is very important right now if we want to spend much fee i think the transaction will confirmed in fast way, if we use the small fee i think our transaction will need some tome
Even if you do priority transaction fees are very low, they cost around 20 cents.
Currently, bitcoin transaction fees are low because transactions are not that high but we had seen last year transaction fees were sky high and some exchanges like XAPO was charging more than $100 per transactions. Many small people small amounts was stuck in their wallets for many months.
Not sure whether bitcoin can become like a PayPal because currently many countries are not accepted bitcoins so don't know how many years need to wait for that to happen.
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