Is bitcoin a better payment system? - page 9.

naily

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Quote from: 13risingforce on April 22, 2018, 11:54:44 AM

If bitcoin security is upgraded and upgraded. Maybe bitcoin will fit into a payment system that is suitable for the world economy.

With the arrival of more digital coins at the technological frontier, Bitcoin itself must increase its payment speed to fulfill a leading role in digital finance. And for me, Bitcoin is a very good international online payment system

Arata

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The efficiency of bitcoin as a payment system would be more practical and wasted no time. But the constraint is the value of bitcoin which has fluctuating characteristics. Such as need further study on this matter.

mornabo

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Quote from: Owl129 on April 23, 2018, 07:35:02 PM

Yes i think bitcoin is a better payment system although these days bitcoin is still not known from everyone to be legally used in payment system but we can see the technology of bitcoin. Blockchain technology can help us to record everything easily in a way that every data is stored and can't be altered by anyone but it is transparent. Bitcoin as a payment system is good because our payment can be processed easily and all our trasaction are saved in the blockchain.

not many people know so users are still limited in using bitcoin for spending I think it's one of the problems in bitcoin spending. but overall I really enjoy using bitcoin for payment system very easily and instantly. yeah and all transactions are stored in the blockchain and make it transparent. one of the problems is its limited use and expensive fees

Pinoyfan

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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).

As my own experienced yes it easy for me to pay some bills using bitcoin. Like were just waiting a few minutes to pay the bils . And somehow fe minutes to transfer our money to some remittances.No worries when it comes to transactions of bitcoin.

m.mendoza

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Quote from: sisjow on April 19, 2018, 12:02:33 PM

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.

Everyone of us have their own opinions. There are some who says bitcoin is a better payment system and there are some are not. Everything has advatanges and disadvatanges it depends on people what is truly for them.

moivenamer

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Yes, it is true due to the fact that there is no agency of goverment and private institutions that control it.
There is no hindrance when sending it.

Gudhal Untu

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Yes true, it must be admitted that bitcoin is the best payment system today, if compared to online payment system like Paypal, Perfect Money or else there is no comparison that can equate with bitcoin.

dificanovi

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Buzz App - Spin wheel, farm rewards

at this time bitcoin has not become a good payment system because the process of sending bitcoin still takes a long time. at the moment real money and banks are still the best payment system.
I'm sure one day bitcoin will be the best payment system in the future.

bigdude

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no, bitcoin too slow and not good to use as payment.
you will have to wait few hours to get it confirm. and the fee too expensive.
Litecoin is much better as you can read the report here
https://businessinsider.com/a-99-million-litecoin-trade-took-just-25-minutes-and-cost-040-2018-4?__twitter_impression=true

sulec70

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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).

Probably it is not the time yet to conclude that bitcoin is a better payment system than what we use today. For several cases and certain uses, we may say that bitcoin is good even better payment system but we still need to discuss and analize then compare with present payment system.We should develop bitcoin as payment system and the present payment system to complete and support each other to give better service to people.

elkafee79

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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).

yes, I think. bitcoin is better than real money, also better than another cripto. the best coin is bitcoin. in my opinion.

Owl129

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Yes i think bitcoin is a better payment system although these days bitcoin is still not known from everyone to be legally used in payment system but we can see the technology of bitcoin. Blockchain technology can help us to record everything easily in a way that every data is stored and can't be altered by anyone but it is transparent. Bitcoin as a payment system is good because our payment can be processed easily and all our trasaction are saved in the blockchain.

jomel

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I can that in this days money is still the mode of payment of every people in all of the country. But I can also say that if bitcoin will be popular and will be stable and will grow more and more maybe bitcoin will change the way of transaction. Because if you will use bitcoin it more convenient, less hassle and safe so it give a better way of payment system.

secondavril

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Bitcoin is a better payment system because Bitcoin is using blockchain decentralized technology. Also, Bitcoin is easier because it's more modern and flexible.

Batang Hambog

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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 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.

Selbit

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Bitcoin payments are analogous to a wire transfer or cash transaction, where payment is 'pushed' directly from one party to another, without going through another financial institution. Payment processing is executed through a private network of computers, and each transaction is recorded in a blockchain, which is public. Bitcoin is based on peer-to-peer technology and relies on the blockchain and the cryptography securing it, without any third party oversigh.

When making a bitcoin transaction, it is not necessary to provide personal identification information such as your name and address. Bitcoin transactions are made using an anonymous alphanumeric address that change with every transaction and a private key. Payments can also be made on mobile devices by using quick response (QR) codes.

felicity06

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Bitcoin is the best way of transaction ad payment system since bitcoin in the first cryptocurrency that used blockchain technology.

Bitcoin became the fastest way to transact everything because we are using now the blockchain decentralized technology. Anything that happens on it is a function of the network as a whole. Some important implications stem from this. By creating a new way to verify transactions aspects of traditional commerce could become unnecessary. Stock market trades become almost simultaneous on the blockchain, for instance — or it could make types of record keeping, like a land registry, fully public. And decentralization is already a reality.
A global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority. Decentralization means the network operates on a user-to-user (or peer-to-peer) basis.

And that's the reason why bitcoin is the best for all crypto currency aside for bitcoin is the highest price value in the market.

wormgummy019

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Quote from: Ronaldo Vu on April 19, 2018, 09:56:13 AM

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).

In my own opinion, it is better for the people who knows bitcoin because if the other people don't know how to pay using bitcoin it will be difficult to them, it will take a long time to get some knowledge on how to pay using bitcoin. But I think in the future it will be the better payment system.

supergorg27

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Maybe in the future if all people will really understand how it works and how it would really useful for us, and they will know how to use it carefully then we can call bitcoin could be a better payment system.

Domanity

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Yes, I think Bitcoin does have a better payment system than regular fiat money. Bitcoin is more modern, easier, and more flexible. However Bitcoin can only be accessed if there is an internet network if there is no internet, make sure we can not do anything with Bitcoin.

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