Topic: Is bitcoin a better payment system? - page 24. (Read 2019 times)
Bitcoin are better for installment exchanges. It's limiting the your opportunity, exertion and exchange expenses than doing exchange through bank. There's many individuals demonstrated that exchange through btc installment is extremely justified, despite all the trouble since you can ready to this even your at home, anyplace you are it is material to do with much lower exchange charge so it implies it's exceptionally useful to us.
The answer is that it often is not, at least for most people, most of the time.
wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.
I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.
the second layer scaling solution is also no perfect. although it is a good and very interesting solution but there are still downsides to that too. but as I said as long as advantages outweigh all these downsides we have a good system, and that's how bitcoin is.
It is clear that bitcoin is not a better payment system. We can see it as a supplement to the payment system. Everyone knows that bitcoin has all its shortcomings, especially in payment, which is the reason why people are in urgent need of lightning payment. In the future, I hope bitcoin or a altcoin can be paid. The aspect is more perfect
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 the best payment because it is transparent and can not be tracked.But Bitcoin cannot be used in certain countries because of its legality.
So Bitcoin is not fully categorized as the best payment because it depends on the sender and its recipients.
Some people are more comfortable using fiat money.
The answer is that it often is not, at least for most people, most of the time.
wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.
I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.
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 are better for payment transactions. It's minimizing the your time, effort and transaction fees than doing transaction thru bank. There's a lot of people provens that transaction thru btc payment is really worth it because you can able to this even your at home, anywhere you are it is applicable to do with much lower transaction fee so it means it's very helpful to us.
The answer is that it often is not, at least for most people, most of the time.
wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.
The advantages of bitcoin relative to legal currency are more directly reflected in the payment technology level. As with the credit expansion level, the payment technology of the legal tender system can be adopted, while many of the technologies paid by bitcoin are not realized by fiat money.
Bitcoin is excessively being used for inter countries transactions because of less fees and instant trasfers. This helps in saving a lot on remittance fees. Also, Bitcoin is a major payment system in dark web. Bitcoin can actually be a good payment system but the adoption is quite low and is still dependent upon fiat currency. Bitcoin needs more acceptance by retails and merchants to increase it's utility. Also the high volatility is the major drawback that hinders its use as an effective payment system. People tend to avoid selling a deflationary currency and instead hoard it.
Definitely a better system!
It's costly to transfer money in my country. Banks cut too many commissions.
It's hard to transfer money on weekends.
It is very easy to transfer money thanks to Blockchain. Both cheap and good quality.
It's costly to transfer money in my country. Banks cut too many commissions.
It's hard to transfer money on weekends.
It is very easy to transfer money thanks to Blockchain. Both cheap and good quality.
Bitcoin is easy to use and easy to buy, but making it as our payment system is a bad idea, first of all on its transaction you need to pay a high transaction fee for waiting a long of time to receive or send the transactions that one of advantage. even if bitcoin develops and upgrades its system it is impossible even now some of the countries ban it just think if you make it a payment system not all will agree.
Transaction fees and time are definitely longer than bank/PayPal transfers, but they're definitely not as expensive and as slow as you're implying. Bitcoin transactions has been cheap and fast for a few months already. Maybe try transacting with bitcoin once in a while.
It is not.But it does not have to be the best.It is a gate way for people to get to know about cryptocurrency.
İ also think eth is a better patent system for now.
İ also think eth is a better patent system for now.
Using Bitcoin to pay and receive payments is easy and accessible to everyone and I think this bitcoin is a payment system that makes bitcoin users as a medium of exchange and does not rule out a better payment system 
its depend on purpose ... because its cant be refund able and its take time but its have advantages too
Refunds are perfectly possible with Bitcoin. In this case it doesn't depend on Bitcoin itself, but the applications being used as payment gateway. BitPay, which is the most popular payment gateway right now, allows refunds too. These applications can be tweaked to such extent, that merchants can have as much freedom to issue different sorts of refunds as possible.
People for some reason think that Bitcoin is an ancient piece of technology not being capable of much, that I definitely have noticed throughout the years. LN will be the next big thing, and possibly THE killer application people were desperately waiting for to show up. It doesn't only offer Bitcoin the currency centric features it needs to move further and stimulate usage, but it also allows for a more flexible form of scalability. Merchants at some point won't even need to use payment gateways anymore, especially if the price becomes a notch or two more stable; they are their own payment gateway.
its depend on purpose ... because its cant be refund able and its take time but its have advantages too
Better then real money? Of course yes.But the best in all cryptocurrency ? No.I think that better payment system is eth.
No i don't think so there are some altcoins out there that cheaper and faster than etherum but if you say etherum is better than bitcoin i might agree with you.A good payment system should be faster and cheaper unfortunately you can't find those things on bitcoin. The highest fee and low confirmation are serious problems right now and this should be addressed immediately however if we compare bitcoin to other payment systems like PayPal or WU bitcoin is still the best.
Bitcoin is easy to use and easy to buy, but making it as our payment system is a bad idea, first of all on its transaction you need to pay a high transaction fee for waiting a long of time to receive or send the transactions that one of advantage. even if bitcoin develops and upgrades its system it is impossible even now some of the countries ban it just think if you make it a payment system not all will agree.
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).
Being trustless is nice, but how would I go about buying an online item if I can't trust that it won't arrive broken and that I can never get my money back? So then there will always have to be employees from whatever website to be able to handle claims and escrow reliably...which means if they go against you, you don't really have an option to go to a bank to get your money back (not that a bank is even helpful with that either).It's simple, like what you do with online shopping, you don't blindly buy an item to an online store that hasn't got any reviews. It's nice that you have money-back protection and all that stuff when you use your credit cards in buying an item but the amount of fees you'll be paying is somewhat crazy + the late fees you might incur if you don't get to pay your bills on time. Personally, I think that the straightforward nature of bitcoin alleviates the need for intermediaries; you only need legitimate merchants on the other end of the spectrum and bitcoin can act as a currency flawlessly. Unfortunately though, legit merchants are rare since they are scared of bitcoin's volatility and whatnot.
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).
To be honest im okay with whatever system we have got. I mean it is all right with me if I gotta stay a little longer to receive and send the payment. Which is even not much longer these days and just gets confirmed with ~10-30 min window and that is all right if bitcoin has got to offer so much valuable price tag for us. I mean we also earn at alarming rate from it and there is no worrying thing if we have to wait while we are transacting it. The developments will always take place in the bitcoin and other coins too but its all about the time. What we can do right now is to keep the hopes in it and keep pushing this tech ahead of the time as it has always been.
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).
Being trustless is nice, but how would I go about buying an online item if I can't trust that it won't arrive broken and that I can never get my money back? So then there will always have to be employees from whatever website to be able to handle claims and escrow reliably...which means if they go against you, you don't really have an option to go to a bank to get your money back (not that a bank is even helpful with that either). Jump to: