Stop Comparisation with BTC and Other Payments Methods. - page 3.

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Quote from: Siren on April 03, 2019, 09:44:38 PM

Quote from: bhadz on March 28, 2019, 03:34:13 AM

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.

But it depends on the timing on when the transactions made,because if we must remember back in December 2017 when the transactions are congested we experienced longer waiting on each of our sending/receiving payments but all the fact you’ve mentioned is right mate that those other payment methods take longer time as in days befoe being done while in crypto the longest ive heard is more than aday

Nope, back when the price spiked many people took multiple days to get their txns confirmed and some never got confirmed.
The issue was that you had to pay a ridiculously high txn fee to get ANY tiny txn confirmed quickly - 10s of dollars or more.
BTC txns don't care about how much you are spending, only the size of the txn, so spending anything less than say $1000 worth back then meant a mandatory VERY high % fee.
Block size and all that shit with the failed segwit is the reason (as it has been yesterday and today)

Siren

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Quote from: bhadz on March 28, 2019, 03:34:13 AM

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.

But it depends on the timing on when the transactions made,because if we must remember back in December 2017 when the transactions are congested we experienced longer waiting on each of our sending/receiving payments but all the fact you’ve mentioned is right mate that those other payment methods take longer time as in days befoe being done while in crypto the longest ive heard is more than aday

darklus123

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Quote from: pinoyden on April 03, 2019, 08:12:13 PM

Quote from: darklus123 on April 03, 2019, 07:53:55 PM

I'm getting used to it, bitcoin has always been compared to almost every type of payment options. It is because from the beginning bitcoin is too far from other payment options and was always been a treat to their businesses.

what is treat ? you mean threat to thier business ? yes thats what others are thinking . they see that bitcoin is unique or have other advantage that are not on thier payment system . but not all are haters , others are also willing to teamed up with bitcoin because they think that this can grow thier company .

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Tho, we can't deny the fact that most of this still doesn't accept bitcoin even if they are getting linked to it

if they are linked to it then why they deny it ? thats strange . i never witnessed that before . i only see several companies that are linked to bitcoin and they are proud of it .

Oops, my bad yeah I was actually referring to that word "threat" what is "thier"? you mean "their"? Lol you haven't understood my statement I said "we" can't deny the fact not them denying.

I will give you some example as far as I can remember coinbase an paypal somehow connects but the deal I think was you can only purchase bitcoin using paypal but you cannot sell bitcoin to paypal that what makes it a one sided deal.

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Quote from: darklus123 on April 03, 2019, 07:53:55 PM

I'm getting used to it, bitcoin has always been compared to almost every type of payment options. It is because from the beginning bitcoin is too far from other payment options and was always been a treat to their businesses.

what is treat ? you mean threat to thier business ? yes thats what others are thinking . they see that bitcoin is unique or have other advantage that are not on thier payment system . but not all are haters , others are also willing to teamed up with bitcoin because they think that this can grow thier company .

Quote

Tho, we can't deny the fact that most of this still doesn't accept bitcoin even if they are getting linked to it

if they are linked to it then why they deny it ? thats strange . i never witnessed that before . i only see several companies that are linked to bitcoin and they are proud of it .

darklus123

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I'm getting used to it, bitcoin has always been compared to almost every type of payment options. It is because from the beginning bitcoin is too far from other payment options and was always been a treat to their businesses.

The unique approach of bitcoin has always been the main topics to why it should not be used, to why it would not work and to why it has no value at all. Now that this type of payment is slowly getting accepted around the world. Most of the payment options are now starting to link their services with bitcoin because if they don't they might be able to miss the opportunity that it can give to their business.

Tho, we can't deny the fact that most of this still doesn't accept bitcoin even if they are getting linked to it because basically you can only buy bitcoin using other payment options rather than you can sell your bitcoin and accept your payments through other options.

kano

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I often see bitcoin are compared to VISA in terms of transaction per second, VISA is obviously faster but bitcoin is decentralized which is much better for me or maybe everyone. In the future if Lightning network + Bitcoin will be implemented It will be perfect.

It's already implemented and has not helped the current bloat of transactions.
Yeah Core Segwit was a waste of time and poorly done.
BIP100 (supported by over 70% of miners) should have been implemented.

Meanwhile, the comparison has been going on for over 5 years - nothing new - move along.

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Quote from: muslol67 on March 28, 2019, 03:24:35 AM

I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)

this: "comparing things..." has always been the favorite thing of most people living on planet earth, we compare the size of our house with our neighbor; we make comparisons between countries (who is the richest country in the world and who is the poorest country in the world); we make comparisons of who is the richest in the world; for people everything is a comparison, then it was something already expected that they would make comparison between the payment methods.

muratsink

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no sir. Comparing BTC payment methods with other payment methods is very important. the aim is to get the value of benefits from both methods. so the public can choose transactions that are easy, simple, safe, and also save costs. I often make simple discussions with the public about future currencies. one of the themes being discussed is about payment methods.

xvids

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Bitcoin is a very unique one it is the first decentralized currency if I am not mistaken.
So let's not compare it with other payment options because every payment option has their own system and ways.
But for me it is the best because it is decentralized and it is fast we could transfer money from all over the world in just few clicks.

BeGoods

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People usually compare things with the other ones if they have the same functions. In this case when we are using Bitcoin to send money to each other, buy something or pay the bills then it is used as a payment system. And to get any developement as payment system it should show some benefits against its competitors.

So it's actually there is no problem comparing bitcoin to its competitors as long as it has the same function, isnt it ?
users have the right to know what bitcoin has and its flaws, do not restrict user discussion..

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Quote from: ranman09 on April 01, 2019, 01:50:19 PM

Quote from: muslol67 on March 28, 2019, 03:24:35 AM

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

Bitcoin cannot accommodate majority of the people at its current standing.
When it comes to payment system, this way we can gain adoption, but comparing to other payment system, we are still young.
Thing is, they are regulated and we are not, they are stable and we are not, people who just transact online does not want to take risk on volatility.

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Quote from: muslol67 on March 28, 2019, 03:24:35 AM

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].

The number of transaction being carried out in Visa and other payment platforms are really huge and you cannot compare it to bitcoin at this stage and we need to change some fundamental things to see those kind of transactions being carried out on a daily basis, it is always good to have a good healthy viable solutions like bitcoin that could interfere some big corporate monopolies who are controlling the market. There is still a big hurdle when it comes to purchasing bitcoin around the world and when that becomes smooth then we can compare it without other payment methods.

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Quote from: ranman09 on April 01, 2019, 01:50:19 PM

Quote from: muslol67 on March 28, 2019, 03:24:35 AM

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

Bitcoin as a payment source isn't much accepted around the world, because the entire percentage of bitcoin users around the world seems to be around 1-2%, by 2020 it is predicted to touch 5% and around 10% people know about cryptocurrencies. As the usage level increases the technology gets updated and same gets importance as Payments.

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Quote from: muslol67 on March 28, 2019, 03:24:35 AM

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

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People don't care about centralized or decentralized and they're not really interested to know.

What matter for them is how user-friendly and easy is it to use. Since people mention Paypal here take a look at the company. It's so easy and convenient to use than even grand'pa can use it. That's why it's the most popular payment processor to use online.
Then, take a look at Visa (or any other network) it's easy to use, you don't even need your PIN with NFC, you can customize the settings and so on. People have a card in their pocket and can pay for everything. (almost)
For centuries we have adapted to new currency forms (and payment methods) according to the history's periods and how convenient it was to use at that time.

Bitcoin also has to compete with that, if people have to use a Linux Terminal to send a Tx and it takes 4 hrs nobody will adopt it. Currently, BTC cannot compete with Visa for sure but what I know is with the R&D you will never know what BTC can do in the future (let's say in 10 years from now, which will come fast)

XCANA

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Personally, care more less in effort to compare Bitcoin to other payment methods because have been using almost all payment method and have come to the point in which; the positive and negative sides of both payments are well known to me. Bitcoin payment method have captured my mind because of the time frame at which it transactions are done on the Blockchain.

qwertyup23

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Comparison is indeed healthy (like what most people stated) as it addresses the grey areas that the other party is superior to. Although Bitcoin is a decentralized system as compared to Visa, Paypal, etc. who is centralized in nature, both appear to be mediums in-exchange for products/services digitally.

No matter what the comparison may be, we should not stray away from the fact that Bitcoin has its own revolutionary platform that no other payment method can match. The only hindrance in achieving its potential are its legal status and acceptance of the government. But these are factors that will soon be addressed in the near future.

Quote from: carter34 on March 30, 2019, 12:41:55 PM

Comparing something that people see as new and an existing innovation is an advantage to that which is new innovation, meaning the new has written a name in the annals of history.

Certainly it is bitcoin which is new among the chronology that you have listed that means bitcoin has really grown in these few years. I would say it is an achievement worth comparing.

I am pretty sure when Visa or paypal was introduced, it received the same attention and comparison from the same existing payment platform. The emergence of bitcoin and its comparison to others is inevitable and should be treated as an advantage in order to know its positive and negative implications.

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Quote from: Xenrise on March 28, 2019, 03:55:09 AM

Comparison is healthy for me as long as you can see the positive and negative sides of each.

You have a good point in there but unfortunately, toxic comparisons are happening more often. I mean, the cons of btc disgaree to it up to extent that they do anything just to bring bad inpressions into it. They say it was a scam, unsafe, a bubble, and other malicious things without even showing concrete evidences and sometimes they do it just for their own advantages (best examples are bankers).

I think this way of thinking is inevitable because each one of us got their own evils within. People always find wrong things in a particular thing, I guess the only thing you can do is to ignore those kind of people and don't get affected.

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Bitcoin is being noticed by many people, that is the cause of comparison.
If there will be such that then there is no fame or demand on the coin.
Aren't we happy that the top companies are being compared to BTC?

- Well, bitcoin is really popular and is used by many people around the world, I am not too surprised that many people are comparing the features of bitcoin with other things but at least when people start to compare, they should understand the purpose that the product is created, look for the highlights and disadvantages of that product, from which to choose the product that suits the needs and purpose. I talk about this because I see a lot of people appreciate a product then criticize other products but they only look at one aspect of the problem, they lack the overview, they should review it

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In fact bitcoin's good and he's one step ahead of other payment methods such as Visa Mastercard Fiat ApplePay SamsungPay and Alipay. However because most governments don't support the existence of bitcoin, this thing certainly makes bitcoin increasingly cornered in its use and is difficult to grow due to government law which tends to complicate its performance. That's why most of the bitcoin users use it more only as an investment asset.

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