Topic: Stop Comparisation with BTC and Other Payments Methods. (Read 1023 times)
To compare bitcoin with Visa it seems to me there is no sense.According to the author of the post Visa began work in 1974,but bitcoin is only 10 years old and it shows unprecedented success.No financial company can boast of such success.After 10 years, bitcoin will become even more successful and it will be used by billions of people.This is guaranteed and inevitable.
No we should not stop comparating other payments methods with BTC because it's becoming a thing nowadays.
It's just a matter of time till we realize how important is to have BTC as another payment method.
Both BTC and trivial payment methods use FIAT to get something in return so why shouldn't we be comparing? Both have fees so yet again why shouldn't we?
Think again and you will understand why on continuing discussing this statements.
It's just a matter of time till we realize how important is to have BTC as another payment method.
Both BTC and trivial payment methods use FIAT to get something in return so why shouldn't we be comparing? Both have fees so yet again why shouldn't we?
Think again and you will understand why on continuing discussing this statements.
They even love comparing Bitcoin to irrelevant things. Seriously, i don’t understand why they keep doing these useless comparisons. Bitcoin is still new thing for many people and it’ll take some time it to settle.
We can't stop people to compare bitcoin to other modes of payment because bitcoin in the first place was actually made as a mode of payment. The difference is just bitcoin is a multifunctional and decentralized digital currency. People will keep comparing it especially when they're not well informed about what cryptocurrency really is.
Right. Comparing the payment method of BTC with other payment is normal. In my opinion, this is stimulation or driver of the progress of BTC itself and so that everyone knows about the advantages of BTC. With the advent of this comparison, many of the merchants and retail and online shops and even coffee shops will be tempted to applying the BTC payment method.
If Bitcoin is used as a payment method then is kind of normal that is compared to orher payment method, that is inevitable. People like to know what are advantages as well as disadvantages and quality comparison could give you some good results and guidelines.
I doubt that this will attract merchants to implement Bitcoin as a payment method because for them Bitcoin still has a lot of issues and that is the reason why is not more adopted by businesses.
We can't stop people to compare bitcoin to other modes of payment because bitcoin in the first place was actually made as a mode of payment. The difference is just bitcoin is a multifunctional and decentralized digital currency. People will keep comparing it especially when they're not well informed about what cryptocurrency really is.
Right. Comparing the payment method of BTC with other payment is normal. In my opinion, this is stimulation or driver of the progress of BTC itself and so that everyone knows about the advantages of BTC. With the advent of this comparison, many of the merchants and retail and online shops and even coffee shops will be tempted to applying the BTC payment method.
I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)
Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.
Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.
But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.
So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.
For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].
You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html
Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.
Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.
But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.
So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.
For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].
You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html
You had a point but everyone have an own opinion about this new form of payment(bitcoin) method, we have a freedom of speech so we do not avoid to all people what they want to tell their own views and opinion for the comparison between bitcoin and any other kind of payment method use of each people as their choice.
Correct me if I am wrong but if you go and read Bitcoin whitepaper then you can compare Bitcoin to other payment methods and Bitcoin sucks. But you talk about decentralization and other aspects of bitcoin, so then it is more than a new payment method, it is a revolution one cannot compare to visa...
Even after 10 years of Btc lunch still, we are seeing comparing BTC with every new payment processor this kind of comparison will confuse new investors even though this comparison will lead no competition for btc in near future
wrong. if you don't compare bitcoin with other payment processors new investors have no idea why they should invest in btc... if he/she has no idea why bitcoin is better than other ones. if you don't see any benefit of investing and why btc will increase in value in the future, why should you invest? Makes absolutely no sense.
Even after 10 years of Btc lunch still, we are seeing comparing BTC with every new payment processor this kind of comparison will confuse new investors even though this comparison will lead no competition for btc in near future
Well i think there is a reason why crypto enthusiasts make the comparison between BTC and other payment methods. Bitcoin is very slow when used to make payment unlike that of Visa, Master card and all the other electronic payments. Crypto enthusiasts wish to see bitcoin transactions also being fast if we ever dream of bitcion being used globally for making payments.
for other online methods, the path is almost the same, only bitcoin does not involve third parties. it makes peer to peer transactions, and makes anonymous and smaller bitcoins likely to be fooled.
Comparing BTC to other modes of payments is common for the reason that we can use BTC to send and receive payments as well. And it's through comparing that we can figure out each of their advantages and disadvantages. I am not disregarding the fact that BTC is something totally different. It's decentralized and doesn't involve any third party. I just wanted to point out their similarity, which mainly explains why there is a comparison to begin with.
You know why people hate those other payment methods, its because they are not for us. They are simply big businesses running and making a profit. Do you think banks can return the money deposited in them? No, they can not. They only able to pay you because only you want to take out your money but imagine if 50% of people who have deposited money in bank want their money back. Then banks cannot pay you. as because they have lent your money to others without your permission.and you can this legal.
Banks are only using our money to make more profits and i dont think thats quite fair since this means we dont anymore have freedom to do whatever we want with our own money. I think its time that people wake up and start realizing that banks dont care about their users and the only thing they care about is their money. We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.
I totally agree. And I don't care if people will continue to say something like comparing Bitcoin into another payment methods because in my case Bitcoin is more convenient than any other to be honest. I don't need to spend time to fall in line just to pay for bills or use and buy goods and services online. Transactions are safe because our local exchanges are regulated by the central bank so we're good to go.
Well they are all payment methods, you can use Bitcoin to pay several services as those old payment systems still continue available...
It's just that if Bitcoin or any other cryptocurrency payment service is available along with those old payment systems we should compare them as providing some sort of feedback between both.
Free Speech my friend
It's just that if Bitcoin or any other cryptocurrency payment service is available along with those old payment systems we should compare them as providing some sort of feedback between both.
Free Speech my friend
I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)
Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.
We should stop comparing Bitcoin to other popular online payment platforms. Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day. Bitcoin attracts interest because it is the preferred portfolio of investors because it generates profits and the payment platform does not.Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.
Bitcoin was upgraded with the Lightning Network - it's just that it doesn't work that well. And alts that DO work arn't getting much publicity.
You know why people hate those other payment methods, its because they are not for us. They are simply big businesses running and making a profit. Do you think banks can return the money deposited in them? No, they can not. They only able to pay you because only you want to take out your money but imagine if 50% of people who have deposited money in bank want their money back. Then banks cannot pay you. as because they have lent your money to others without your permission.and you can this legal.
We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.
I totally agree. And I don't care if people will continue to say something like comparing Bitcoin into another payment methods because in my case Bitcoin is more convenient than any other to be honest. I don't need to spend time to fall in line just to pay for bills or use and buy goods and services online. Transactions are safe because our local exchanges are regulated by the central bank so we're good to go. 
Both were entirely different when it comes to payment access, bitcoin needs confirmation which happens through the block addition while with other payment gateway the confirmation will be done by some third party support providers. As of now rather than bitcoin as a payment source it has more other functionalities.
I think the development of bitcoin is very fast compared to other payment instruments, Visa etc. developed by rich people who will certainly get profit at the beginning of their investment. But bitcoin and visa, mastercard, alipay etc. are something different.
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