Topic: Is bitcoin a better payment system? - page 4. (Read 2037 times)
Bitcoin is developing day by day. For example ; in the near past, money transfers,payment with Bitcoin in shops etc. were being used less because of high fees. But Lightning payment system has been introduced and it has been said to reduce the fees. After that, more people started to use Bitcoin as a payment system.
Maybe bitcoin is not the most advanced payment system. There are coins with which a large number of transactions in a second - Bitcoin Cash, Ripple. But bitcoin is the most reliable and promising from the further growth point of view.
For me it is not second but for me it is the first best way of payment and I have found bitcoin better than fiat while paying for something, if you want to buy something from far away you will not have to go for it, you can easily pay using bitcoin for it, gradually bitcoin is being famous and strong web, so for me best currency to use for payment is bitcoin and I like while I pay with bitcoin because I know I am contributing in bitcoin popularity and I am trying to spread awareness about bitcoin, I am sure bitcoin is going to be the currency of the era soon.
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).
Compare to fiat, online transactions need some payment system that is direct and won't take different companies and banks before actually buying the goods or services you want to avail. For me, block chain technology is the perfect job for this. Cryptos are being used efficiently as payment method because the fees are fair and the transactions are generally faster.
There is no reason to doubt the performance of bitcoin over other cryptocurrencies. it is the best payment method as it is quite secure and easier one to make transactions and better than those of the traditional payment method as transactions are totally done online and from anywhere in the world. And with the technological advancements, this method is under the process of development and has proven easy to use overtime
If the question is, "why is bitcoin better than fiat money," the answer is that it cannot be debased, nor controlled by any person or privileged group of people. It is money that derives its price from the market (voluntary exchange) instead of by coercion and force. Thus, it is both a better store of wealth, and also more ethical, transparent, and honest.
If your question is, "why is bitcoin a better payment system?" 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).
If your question is, "why is bitcoin a better payment system?" 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).
When the light network is released it will improve completely, this year the BTC will undoubtedly take off because of these transactions
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 really a good payment system i think. especially about international transactions. easy to use it and it will not take a lot of time (in this case, we just need to put the high fee for a transactions)
Yeah I really think it's a great payment system than other currencies. If I compare with other payment system then it's surely the best one without any taxes.
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).
Yup, I really agree with you op, anyone saying otherwise is daydreaming or just says what he thinks is good to say. Clearly, bitcoins as of today still has a lot of flaws in it that hinders it form becoming a better payment system than what we currently have today. But for people who wants to send money abroad or to sell and buy illegal stuff, it'll be heaven. LOL.
I feel that,bitcoin is better payment system,because The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies. Purchases Are Not Taxed. Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added .
bitcoin transaction has advantages and disadvantages. for example, sometimes bitcoin transaction takes a lot of time even for a high fee, that obvious disadvantage for bitcoin, but it is still can be developed. for me, i really enjoy use bitcoin because i think bitcoin is easy to use it, especially for international transaction.
Maybe it is a good idea to use bitcoin as payment system. Nowadays our world is really innovating rapidy, you can use technology anywhere so the fact that bitcoin has a advantage in that way it might be a good thing that we can use it in our daily transaction that give convenience in our society. 
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).
It's still kinda new system for the people, even me, the bitcoin system of how it transacts. It is kinda risky tho because you can revive or refund what you've send bitcoins. And sometimes because it is anonymous, the users of bitcoin, it is hard to find where those people when you made a mistake and want to get back what you send.
I love Bitcoin and it is awesome but as a payment system, I believe that it is not the best, that is the area wherein Bitcoin needs to improve at. The very long transaction turn around time and the very high transations fees are just not cool, I hope this gets resolve soon. It is not perfect but I know that it doesn't stop there, these disavantages should not be the reason for us to just forget the good things it can and it is still giving us. Let it develop and evolve, I am sure that once it resolves these issues, it will be the best payment system that we are all looking for.
Yes bitcoins is best payment system than most traditional money payment system like western union or moneygram or any other online payment. Because of the anonymous nature of it coupled with the freedom to make payment without you been checked on by authorities of the banks. You can even profit from the price appreciation if you hold it.
The ambiguous attitude to Bitcoin payment system is due to the fact that the currency develops spontaneously and is not controlled by any law. It does not have a single control center, it is not tied to any country and allows you to store confidentiality in the network to its owner. Crypto currency is not stored in banks and does not have any material values, it can be used from any corner of the world. Nobody will close the user's access to his bitcoin-wallet and will not force him to prove that this wallet belongs to you. This gives unlimited opportunities for transfers and transactions in the crypto currency and the full will of its owner. Commission fees for transfers are also not charged.
yes,of course bitcoin is a better payment system.Because most people work online to earn some money, if they do not get the money, then what does it mean to work but Bitcoin is 100% right.
Most of the people say it is not because of "high fees, long transaction confirmation times", but thats outdated news, Bitcoin still has a higher fee than it had a few years ago, bit the transactions aren't very slow right now. The only problem right now is adoption, more stores and sites need to accept Bitcoin, and then it will be perfect.
You are right. Many people complain because of fees but that depends on what wallet you use.I personally use bitpay wallet and the fees are very low.
Bitcoin is not the best payment system, it has problems with scaling and high commission. But let's see what will change with the introduction of Ligthning Network
For me it is a good way since it uses the technology of blockchain, it has a secured and transparent transaction. With this you can easily manage and track the flow of each transaction.
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