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Topic: If bitcoin will be used in our daily transactions. - page 6. (Read 5011 times)

legendary
Activity: 1414
Merit: 1001
For now using Bitcoin to perform daily financial transactions does look difficult, time transactions and fees can also be a problem. But we all remain confident that Bitcoin in the future could be used to perform various financial transactions. We are all waiting for the right time, because if all that has arrived then Bitcoin will be very important and affect the development of the Economy in the world.

In the end we will all see that digital currency will be an important aspect in various sectors, digital currency can increase the popularity of various products in the world because then the financial transactions between countries become easier. we must be able to innovate to be able to apply all the things in order to use Bitcoin as a means of financial transactions every day.
full member
Activity: 126
Merit: 100
It already happened. I read about a school that accepts bitcoins as a tuition fee. I can't remember where I read it maybe on facebook or twitter.
hero member
Activity: 756
Merit: 500
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.

It may be possible in the near future but paying it with fiat seems more convenient than most families since not all of them know the existence of bitcoins. Another thing, bitcoin's nature being digital, this limits the number of families who will pay using bitcoins since again, not all families are connected into the internet especially the marginalized ones. Teaching bitcoin to universities or schools is certainly a great idea to educate the youth about the value of money, investments, and knowledge to be able to produce revolutionary technologies that may contribute to bitcoins in the future.

Bitcoin have this advantage that it can be split into 100000000 parts. But at the same time we must have to consider current price of Bitcoin. In coming future transaction fee for Bitcoins will be quite higher and cannot be affordable to normal person to send small amount of Bitcoin. This fees goes to miner for confirming transaction by solving block by contributing hash power.

Bitcoin will be a top class, precious commodity asset. So in future there will be more other altcoins used for such micro payments/transactions.
Bitcoin in the future will become a place for an investment only and the other type of doing transactions like making micro payments will just stay good for the people who have altcoins because the altcoins are faster than bitcoin since they have a smaller community and amount of users so it will be great for the bitcoin users to make payments using altcoin.
Bitcoin will become like gold. By looking at the present Price and future predictions, most probably people are going to hold Bitcoin. It is a very expensive asset already.  In my opinion, altcoins will be used for micropayments. it is not like that Bitcoin would be not suitable for  small transactions as some people consider it slow but no one will buy daily stuff in Bitcoin due to its  high rates.
full member
Activity: 170
Merit: 100
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
I also think in the near future crypto-currencies, blockchain technologies and bitcoins will be studied by schoolchildren and students in the lessons. Because these technologies very quickly begin to integrate into our lives. But for students and many students, this knowledge is still complex.
full member
Activity: 216
Merit: 100

I also think that in the near future there will be crypto-currencies, blockchain technologies and bitcoins will be studied by schoolchildren and students in the lessons. Because these technologies very quickly begin to integrate into our lives
hero member
Activity: 484
Merit: 500
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
I think in the near future crypto-currencies, blockchain technologies and bitcoins will be studied by schoolchildren and students at lessons. Wink
sr. member
Activity: 590
Merit: 258
If bitcoins will be used to an everyday transaction it would be very con
vinient for us and it is also possible to us humans to use the bitcoins in our daiky yransactions because we are in an era where in  we are having lita of technological advancements.
newbie
Activity: 22
Merit: 0
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.

They can do this technically, because bitcoin is just like dollar banknotes nowadays. There is no difference between bitcoin and paper money from my perspective honestly.
sr. member
Activity: 385
Merit: 250
Yes it is possible that bitcoin will be used in daily transactions. Bitcoin can be consider as a means of exchange.
 It only depends if the governments and school would consider it.
I am a student and I really agree that bitcoin can used to pay our tuition fees. It would be easier and faster.

Would you really want to spend precious bitcoins when they could be worth tomorrow? I would rather hodl.
hero member
Activity: 812
Merit: 1000
I don't imagine it possible to use bitcoin for daily transactions and see no reason to achieve this...for me bitcoin is a good asset and it suits me
member
Activity: 126
Merit: 14
Well if that would have happen then  let's say hello to the future imagine all your payment is made through bitcoin no more falling in lines or waiting for a long period of time just to pay or do some transaction less hassle. But the downside of that people would be much more relied on technology since it provide comfort and ease in our daily lives which will make them more lazy.
newbie
Activity: 33
Merit: 0
if it will be used in our daily transation..then it will be good.then there is no curruption in this world.and it will be good.
newbie
Activity: 5
Merit: 0
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
As we know that transaction time for crypto-currency is too high, as a result notion that bitcoins can be used a transaction money is not feasible.
member
Activity: 95
Merit: 10
It depends in what will happen in the future, but if we will think that bitcoin will be used in our daily transactions, it will be great. Because our daily transactions will be easier if we are going to use bitcoin and we don't need to convert our bitcoin into money. But as for now, let's wait if that will happen, because they need to improved  many things.
sr. member
Activity: 438
Merit: 266
As time progresses, Bitcoin will become a norm just like credit cards, cash, and virtual payments. It will sooner or later become a standard way of trading and using currency in all countries.
Not in all, but most ones since poor people don't have access to the internet. The best way to use bitcoin in real world is bitcoin prepaid credit card but we must do something in order to keep it decentralized too.
newbie
Activity: 4
Merit: 0
As time progresses, Bitcoin will become a norm just like credit cards, cash, and virtual payments. It will sooner or later become a standard way of trading and using currency in all countries.
hero member
Activity: 2590
Merit: 644
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.

It may be possible in the near future but paying it with fiat seems more convenient than most families since not all of them know the existence of bitcoins. Another thing, bitcoin's nature being digital, this limits the number of families who will pay using bitcoins since again, not all families are connected into the internet especially the marginalized ones. Teaching bitcoin to universities or schools is certainly a great idea to educate the youth about the value of money, investments, and knowledge to be able to produce revolutionary technologies that may contribute to bitcoins in the future.

Bitcoin have this advantage that it can be split into 100000000 parts. But at the same time we must have to consider current price of Bitcoin. In coming future transaction fee for Bitcoins will be quite higher and cannot be affordable to normal person to send small amount of Bitcoin. This fees goes to miner for confirming transaction by solving block by contributing hash power.

Bitcoin will be a top class, precious commodity asset. So in future there will be more other altcoins used for such micro payments/transactions.
Bitcoin in the future will become a place for an investment only and the other type of doing transactions like making micro payments will just stay good for the people who have altcoins because the altcoins are faster than bitcoin since they have a smaller community and amount of users so it will be great for the bitcoin users to make payments using altcoin.
full member
Activity: 358
Merit: 100
If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
maybe they can pay school fee with bitcoin. but for kid, they must be use standard money to buy some food or drink. and pay for school stuff is their parent job. so, its not involve their kid. except they went adult and get age enough.
people that need learn about knowledge's bitcoin is parents and teachers
full member
Activity: 210
Merit: 100
of course if something like that happens they have to teach people how bitcoin works and how it's being developed and personally, i think bitcoin should despite whatever happens it's already being in history as the first currency with no physical form ever invented
full member
Activity: 1414
Merit: 106
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In case this thing happens, one thing is for sure, the price of bitcoin will keep increasing. It can even sky- rocket in such a scenario.
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