Topic: Stop Comparisation with BTC and Other Payments Methods. - page 2. (Read 1023 times)
We can't stop ourselves from comparing things to other. It help us in making wise decision and comparing bitcoin to other can be good to see the positive and negative sides that helps in choosing what they think is the best among each payment methods. The fact that bitcoin is being compared to visa (that was established in late 1958) can be seen as a good thing because they're comparing it which means bitcoin is capable of competing with it and can be seen as a threat to them.
people will know which is best. Comparing is a common thing because everyone will know the weaknesses and strengths of each financial transaction media.
In this era of technology, Bitcoin has many advantages and I am sure that many people will agree with that.
In this era of technology, Bitcoin has many advantages and I am sure that many people will agree with that.
Yes, Bitcoin payment methods are different than our traditional payment methods and comparing both might help to overcome the loopholes in both the systems. 
Bitcoin is a currency and traditional payment methods is also a currency
. both are the same the only difference is thier characteristic or form because bitcoin didnt have a physical shape while tradtional payment system does have .
thats the reason why bitcoin is commonly compared to traditional currency but comparing them does not solve loophole problem because both currencies does not have a loophole .
Yes, Bitcoin payment methods are different than our traditional payment methods and comparing both might help to overcome the loopholes in both the systems.
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 Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day.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.
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.
Comparison was just a normal thoughts, coming from every person who seemed to observe the differences of the two things. Usual payment methods always involved fiat money, that has been used to basic commodities. Btc's underlying popularity these days will always have to overtaken the advantages that has been pushed through by digital currency compared to fiat physical currency which is paper money.
Btc will most certainly be compared to other method of payment because as we all know btc also is a means of payment (digital) and as always people have expectations in this new technology as opposed the traditional, as a digital currency, it is expected to act more efficient and effective than the traditional way, so when there are few lapses here and there people tend to wonder and question it,
and i don't see comparison as something bad, i see it as healthy way of critics, i mean for any technology, product, etc can grow properly, it is important to pay attention to healthy critics, this help to shape things up and make adjustment in all short comings, if you don't know where your short comings are, you can't make amends or adjustment, comparing btc to other means of payment also enlighten people the available possibilities of btc, so it is not that bad as you make it sound, Humans also face this
, not only BTC
and i don't see comparison as something bad, i see it as healthy way of critics, i mean for any technology, product, etc can grow properly, it is important to pay attention to healthy critics, this help to shape things up and make adjustment in all short comings, if you don't know where your short comings are, you can't make amends or adjustment, comparing btc to other means of payment also enlighten people the available possibilities of btc, so it is not that bad as you make it sound, Humans also face this
, not only BTC 
there is nothing wrong with comparing bitcoin with other payment methods. in fact I would say that it is a good idea to do that kind of comparison because bitcoin is also a payment system and a currency so it has to be compared with other similar ones in its own category so that it can improve. and also this kind of comparison helps people see the differences and benefits and disadvantages all at the same time and make a better decision in their choice.
the problem is when people start comparing bitcoin with things that don't even fall under the same category as bitcoin. for example comparing bitcoin with gold since gold is a commodity and bitcoin is a currency they should not be compared. or comparison of bitcoin with tokens like ethereum, since bitcoin is a currency and ETH is a token they should not be compared.
the other problem is when you compare bitcoin with something else and only focus on one aspect instead of combination of them. for example comparing TPS of bitcoin with Visa while ignoring the decentralization versus centralization.
the problem is when people start comparing bitcoin with things that don't even fall under the same category as bitcoin. for example comparing bitcoin with gold since gold is a commodity and bitcoin is a currency they should not be compared. or comparison of bitcoin with tokens like ethereum, since bitcoin is a currency and ETH is a token they should not be compared.
the other problem is when you compare bitcoin with something else and only focus on one aspect instead of combination of them. for example comparing TPS of bitcoin with Visa while ignoring the decentralization versus centralization.
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.
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
I will keep comparing bitcoin with other payment method no matter what. Visa , MasterCard, samsungpay and alypay still charge too high cost for their services, I prefer like to use btc or usdt or other altcoin to send money outside of my country as long as the person who receive it is agree with that. I think cryptocurrency transactions is safe enough, I did many transactions with many people outside of my country without any problem so why I have to use visa, MasterCard, samsung pay and alypay if I can send money with less cost when using cryptocurrency. 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
Comparing is a normal thing in this world; but we should always think that everyone is unique. Cryptocurrency with Bitcoins and other payments has different platforms and different services. Even though they are different, still they manage on how to help every investors to earn money and make payment more conveniently.
Great research really appreciate even i think the same when internet era was not introduced and they couldn't able to think about transaction done in seconds now its possible with master or visa cards . Now Crypto transaction looking like impossible to use day to day life transaction . But soon it will also be part of day to day life like visa or master card.
With the development of the internet indirectly paving the way for digital money to be used as a financial transaction tool, which previously was dominated by Visa or Master Card. Now bitcoin as a digital currency is increasingly being used throughout the world, especially developed countries.Bitcoin has its own characteristics that are different from other payment instruments because transactions are peer to peer so it does not involve third parties, such as banking. So from that bitcoin cannot be compared with other payment instruments because it has its own advantages.
Comparison will never end because people are trying to see why one should be preferable against the other or why oke should be adopted for emerald usage. Even though they belong to different category but they have similarities which puts them in the same table for comparison. Even though bitcoin is just age of a decade, it has done well for it to be compared with those that has been existing for ages.
That is right. Every payment method has advantage and disadvantage, and we should know which is suit for us. I think it depends on the people itself. When they want to pay their daily life with fiat, then they can do that. But on the other days, when they are buying some product on the internet and the online store offering people to use crypto, then people can try to pay with crypto.Cryptocurrency or bitcoin was offering another solution to make a payment. They can choose whatever they want, and we should not compare bitcoin with the other payment methods.
Bitcoin is so different from any other payment method because all of them are centralized and controlled by the government ,
This is the newest and only decentralized payment option it is the best for me because we don't need banks just to keep our money safe .
For me it is the bank for non-bankers for those who doesn't trust the government or banks.
This is the newest and only decentralized payment option it is the best for me because we don't need banks just to keep our money safe .
For me it is the bank for non-bankers for those who doesn't trust the government or banks.
Comparison will never end because people are trying to see why one should be preferable against the other or why oke should be adopted for emerald usage. Even though they belong to different category but they have similarities which puts them in the same table for comparison. Even though bitcoin is just age of a decade, it has done well for it to be compared with those that has been existing for ages.
Many users barely afford to execute oversea transaction with existing payment gateways, transferring 10 pound through paypal charge 7 pound fees or something i remember previously, i agreed that existing payment methods are good enough with protection, speed and rollback-able operations. Cryptocurrency is a different concept with no involvement of such parties, you are responsible for your losses and it's not necessary a bad thing but you could argue that both should co-existed, like you say its still too young to deny
the only problem with cryptocurrencu is lack of adoption. so if you some day choose to use any of them for oversees transfer of money then you will end up paying a lot more fees than if you chose something like paypel.
for example imagine you wanted to use an altcoin. you first had to buy bitcoin then use that to buy the altcoin and then withdraw from the exchange. that is 4 fees already (transfer of fiat to exchange, buying bitcoin, buying altcoin and withdrawal fee). then the other person has to pay the same 4 fees in reverse to convert that altcoin to fiat again.
the only case that this can make sense is if you use bitcoin itself and if the other person doesn't have to convert it back to fiat and uses bitcoin as a currency since it is already a currency and is increasing its adoption.
Many users barely afford to execute oversea transaction with existing payment gateways, transferring 10 pound through paypal charge 7 pound fees or something i remember previously, i agreed that existing payment methods are good enough with protection, speed and rollback-able operations. Cryptocurrency is a different concept with no involvement of such parties, you are responsible for your losses and it's not necessary a bad thing but you could argue that both should co-existed, like you say its still too young to deny
Thats the only way enemies of cryptocurrency can fight back against our beloved bitcoin because aside from that its harder for them to find another
Bitcoin is a currency in virtual form.when those mentioned are payment method in which obviously different from a currency so just let them have their moment and besides we are not butthurt here
Bitcoin is a currency in virtual form.when those mentioned are payment method in which obviously different from a currency so just let them have their moment and besides we are not butthurt here
Well, actually I'm also not interested to compare Bitcoin and other payment methods. However, this is the world, people in the worldwide involve here and they have different ideas. We may be very difficult to stop them.
In my opinion, we need to share our ideas about the Bitcoin, the benefits, and also its utility. It is a decentralized currency, a cryptocurrency that may be one of the currency systems to be used in the future.
However, now, it is still able to be used for many payment methods because there are so many differences among the countries.
Bitcoin and other payment methods have their positive and negative sides, so, let them flow.
In my opinion, we need to share our ideas about the Bitcoin, the benefits, and also its utility. It is a decentralized currency, a cryptocurrency that may be one of the currency systems to be used in the future.
However, now, it is still able to be used for many payment methods because there are so many differences among the countries.
Bitcoin and other payment methods have their positive and negative sides, so, let them flow.
We should compare bitcoin with those payment methods. Isn't that we are supposed to achieve? To be able to be an effective payment method as those mentioned. Just because you can't win compared to them that we will demand comparison to stop. We should thank people that keep comparing it because we at least have a goal that we should achieve.
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