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Topic: Is bitcoin a better payment system? - page 14. (Read 2037 times)

newbie
Activity: 126
Merit: 0
April 22, 2018, 02:52:21 AM
Do you want to make digital gold as payment system? I think nope, because bitcoin is more valuable. The price can go up over time. Why not just save it than give to other people.
sr. member
Activity: 700
Merit: 250
April 22, 2018, 02:51:59 AM
I think that BTC is not the best payment tool. Moreover, I will not pay in BTC for something like shop goods and etc. We have a lot of criptocurrencies with very fast transaction speed and low transaction fees and it is better to use it for payments.
there is a good taste and there is no good use of the bitcoin actually, because bitcoin is there are drawbacks too, we need to trust bitcoin to be used in our future.
member
Activity: 616
Merit: 11
April 22, 2018, 02:31:58 AM
Depends on how you are going to use it. Yes it is better for transferring funds across the globe, but for small payments like buying a newspaper, fiat cash is a better option as it is quicker. Bitcoin has it's uses, but needs to develop more to be a real everyday payment system
sr. member
Activity: 658
Merit: 250
April 22, 2018, 01:53:25 AM
I think that BTC is not the best payment tool. Moreover, I will not pay in BTC for something like shop goods and etc. We have a lot of criptocurrencies with very fast transaction speed and low transaction fees and it is better to use it for payments.
full member
Activity: 264
Merit: 100
April 22, 2018, 01:39:17 AM
In the present time money is the main payment system. When we compare with money, bitcoin also a good payment method, but it should develop with the time. In the present time money is essential payment method because all external environment factors created to depend on the money. As a internet payment system bitcoin take a major role. But bitcoin has not yet developed to overcome money. I think bitcoin will be a better payment system in future time.
sr. member
Activity: 560
Merit: 250
April 21, 2018, 11:59:24 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

of course bitcoin is the safest payment system and very easy to use not only that bitcoin also its delivery process is very fast and requires a very cheap shipping cost to be dikrim anywhere between countries around the world.
newbie
Activity: 178
Merit: 0
April 21, 2018, 11:52:20 PM
It can't be considered right now since only a few establishments are accepting it and numbers of users are still few also. A lot of people consider this only as an investment only but not as a currency just like fiat. It looks like, people are now focusing on investing crypto but not the way they used it as for payments purposes.
You are right until now people are more inclined to use crypto as an investment tool, not for payment transaction tool. It may take a very long time to apply bitcoin as a means of payment, in crypto, there is not the only bitcoin, but there are also many altcoins. If only bitcoins are used as a transaction tool, what about the others? In addition to the current many countries in the world that prohibit the use of crypto, there are only a few in this world that the company received crypto. So it will be very difficult bitcoin penetrate into a payment transaction tool.

I Agree, this is one of the best payment with paperless transaction and can be use to send worldwide which i think is the big advantageous the other payment system.
I agree with what you are saying. That is a good way to pay when we buy items from different countries. It's an easy way to trade. This is very convenient. And now I see a lot of ICO projects being applied to very good payments.
member
Activity: 364
Merit: 10
April 21, 2018, 11:52:18 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

bitcoin is a better payment system because it's easy access and faster and hassle free transactions but it is difficult using this for now because there are still people who are afraid and won't trust it. This needs further learning and information drive.
sr. member
Activity: 518
Merit: 250
April 21, 2018, 11:42:34 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
right now I think it's not yet the best way because people still depends on the money or paper and coin money some are afraid to use cryptocurrency in paying their expenses also some companies or business do not accept internet money they believe that this is not a real money or some scamming techniques but I believe that in the future time this may be the best way to pay our expenses because it's very convenient but first people should know about cryptocurrency and adopt the changes that will or that is happening in the world of cypto.
newbie
Activity: 104
Merit: 0
April 21, 2018, 11:30:35 PM
Bitcoin is used for inter-country transactions because of less funds and instant trasfer. This helps in saving a lot of money transfer costs. Also, Bitcoin is the primary payment system on the dark web. Bitcoin can actually be a good payment system but its adoption is quite low and still depends on fiat currency. Bitcoin requires more revenue by retailers and merchants to increase its utility.
jr. member
Activity: 252
Merit: 2
April 21, 2018, 09:38:21 PM
It can't be considered right now since only a few establishments are accepting it and numbers of users are still few also. A lot of people consider this only as an investment only but not as a currency just like fiat. It looks like, people are now focusing on investing crypto but not the way they used it as for payments purposes.
You are right until now people are more inclined to use crypto as an investment tool, not for payment transaction tool. It may take a very long time to apply bitcoin as a means of payment, in crypto, there is not the only bitcoin, but there are also many altcoins. If only bitcoins are used as a transaction tool, what about the others? In addition to the current many countries in the world that prohibit the use of crypto, there are only a few in this world that the company received crypto. So it will be very difficult bitcoin penetrate into a payment transaction tool.

I Agree, this is one of the best payment with paperless transaction and can be use to send worldwide which i think is the big advantageous the other payment system.
member
Activity: 378
Merit: 10
April 21, 2018, 09:33:32 PM
It can't be considered right now since only a few establishments are accepting it and numbers of users are still few also. A lot of people consider this only as an investment only but not as a currency just like fiat. It looks like, people are now focusing on investing crypto but not the way they used it as for payments purposes.
You are right until now people are more inclined to use crypto as an investment tool, not for payment transaction tool. It may take a very long time to apply bitcoin as a means of payment, in crypto, there is not the only bitcoin, but there are also many altcoins. If only bitcoins are used as a transaction tool, what about the others? In addition to the current many countries in the world that prohibit the use of crypto, there are only a few in this world that the company received crypto. So it will be very difficult bitcoin penetrate into a payment transaction tool.
full member
Activity: 926
Merit: 100
April 21, 2018, 09:28:45 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

I think bitcoin is great for a good payment system because with bitcoin you can send money anywhere to any country quickly and with cheap shipping costs, you can also see your transaction transactions and everyone and can not be stolen. I think that's some of the advantages of using bitcoin as a payment system.
sr. member
Activity: 1022
Merit: 256
April 21, 2018, 09:26:43 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

There are certain aspects of Bitcoin as a system of payment that are not that good, at the same time there are also aspects that we can consider really great. Bitcoin is a better payment system because it is accepted in the international scale, and without getting through some third parties. In addition, without necessarily revealing personal information. It is also not so good in that the fee involved is not that cheap and the processing time may not be that fast at times. It is in these particular areas where Bitcoin needs improvement.  
full member
Activity: 476
Merit: 108
April 21, 2018, 09:23:37 PM
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
I may say its not the better mode of payment compared to othe ways but for convenient payment I think bitcoin is one of it. considering bitcoin payment is online you don't need to go to the payment center and fall in line bitcoin can be done according to your time with no cut off time.
member
Activity: 238
Merit: 10
April 21, 2018, 09:21:09 PM
Many people are concerned about the speed and fees in the Bitcoin payments. With technological improvements, all doubts about it will be resolved. Bitcoin will be the best choice for you in the future.
sr. member
Activity: 812
Merit: 250
April 21, 2018, 09:20:04 PM
For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.

Yes of course, It is safe for customer from robbery who handle money for payment, with this also our work will be easy considering transaction is through internet and no more physical appearance.

For some transactions it is. For large transactions maybe. It really depends on the situation. For small day to day transactions, maybe not yet because of its volatility making bitcoin a really good investment. Maybe it only needs more time to be  convenient as a mode of payment for day to day transactions.
newbie
Activity: 154
Merit: 0
April 21, 2018, 09:12:14 PM
For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.

Yes of course, It is safe for customer from robbery who handle money for payment, with this also our work will be easy considering transaction is through internet and no more physical appearance.
jr. member
Activity: 340
Merit: 1
April 21, 2018, 09:05:47 PM
For me yes! They have better payment system when it comes to giving the advantage to provide the better system of giving the profit of each person.
sr. member
Activity: 2016
Merit: 456
April 21, 2018, 09:05:23 PM
I don't think Bitcoin is a better payment system. There are a lot of 2nd generation blockchain coins which are better than Bitcoin. But Bitcoin is the most popular .
good or not, sometimes everyone has different opinions, because in fact, until recently, the use of bitcoin as a transaction tool is still only used. well, it can be said, that big investors are also behind all this. so, it can be said that bitcoin has one payment system
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