Topic: Stop Comparisation with BTC and Other Payments Methods. - page 4. (Read 1013 times)
The basic reason why people compare bitcoin to other payment systems is because the general idea behind the creation of Bitcoin was to present a system which allows people to either send any amount of funds or receive any amount of funds from anyone at any part of the world with no third party involvement. So bitcoin operates similar to these other payment systems therefore people do this comparison to identify the differences each platforms provides.
Comparisation can be healhty is you apply it correctly! You can not campare Nokia's first telephone and iPhone X (In our situation iPhoneX is Bitcoin 
). This can't help anything. Am I clear enough now?
So you're saying that we should compare bitcoin to Visa that has 10 years of existence(since bitcoin existed 10 years ago)? I got your point but nobody could stop comparing bitcoin to other methods unfortunately :/. ). This can't help anything. Am I clear enough now?Comparing them is a bad idea, due to the simple reason, Bitcoin is decentralized, while VISA is centralized.
How can it be a bad idea? Look at this:
We can point out the strong point of an item to other by comparing it to other
We can also point out the weak point from it.
Knowing the advantage and disadvantage of an item/service is always a good thing since improvement and innovations starts from there.
In a competition, it is always best to know the ace of your competitor, with that you can create a plan on how to beat them. Knowledge is power so to speak.
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.
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.
Bitcoin has the advantage of fiat but yes, it can't be compare with fiat because they are different.
fiat and bitcoin are not different because both of them are currency . sure bitcoin has an advantage that fiat dont have but fiat do also have an advantage that bitcoin does not have . its just give and take , we can call them quits .
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It's like you're comparing between gold as investment and fiat as legal transaction tool.
your comparison is too far away . basically we are only comparing simillar things here , for example payment method to other payment method .
overall , there nothing wrong in comparing . its not our problem anymore if people insist to continue comparing stuffs . if you think crypto is better than anything then so be it .
Bitcoin has the advantage of fiat but yes, it can't be compare with fiat because they are different.
It's like you're comparing between gold as investment and fiat as legal transaction tool.
Every digital transaction have their own advantage and cryptocurrency has been prove themself that they are totally different and people interest their blockchain technology !
It's like you're comparing between gold as investment and fiat as legal transaction tool.
Every digital transaction have their own advantage and cryptocurrency has been prove themself that they are totally different and people interest their blockchain technology !
Comparison is inevitable. Bitcoin is touted be the a payment system, specially for those unbank people around the world, so it makes sense to compare them with other services like Paypal. However, we have to take note of one thing: bitcoin is fairly young, the design is very different, so data is irrelevant.
And there are also pros and cons of using bitcoin as payment system. And only the one that differentiate bitcoin with the rest of them is that it doesn't involved any third party. And we can't even compare them based on transactions per second (TPS), it's target market, it's functionalities are very different, so obviously the results will be very different as well.
And there are also pros and cons of using bitcoin as payment system. And only the one that differentiate bitcoin with the rest of them is that it doesn't involved any third party. And we can't even compare them based on transactions per second (TPS), it's target market, it's functionalities are very different, so obviously the results will be very different as well.
How can bitcoin grow if we stop comparing it to other payment methods? We want bitcoin to be used in this world as a mode of payment. Comparing isn't that bad so that we can see what bitcoin does and other methods doesn't and vice versa.
Comparison is healthy for me as long as you can see the positive and negative sides of each.
Comparison is healthy for me as long as you can see the positive and negative sides of each.
Agreed. There is nothing wrong in comparing Bitcoin with the other modes of payment. But at the same time, we need to remember that Bitcoin is not just a payment processor. It is just one of its many purposes.
Comparisation can be healhty is you apply it correctly! You can not campare Nokia's first telephone and iPhone X (In our situation iPhoneX is Bitcoin ). This can't help anything. Am I clear enough now?
So you're saying that we should compare bitcoin to Visa that has 10 years of existence(since bitcoin existed 10 years ago)? I got your point but nobody could stop comparing bitcoin to other methods unfortunately :/. ). This can't help anything. Am I clear enough now?
Nice write up. People usually forget that those payments processors are centralized services. Bitcoin can easily increase its transaction limits by sacrificing decentralization. Check out other cryptocurrencies that handle more transactions than Bitcoin, they are not well decentralized. I wonder why people don't understand this fact.
People like to compare looking for the best possible option for them. But very often they put together things that can't actually be compared because they are of totally different nature. Like bitcoin and credit cards, for example. And it's not the convenience of payment that yous should look at but also the system, control, provider, costs, centralization/decentralization and other. There are many factors that decide which payment method is the best and suits the best to your needs.
You are right bitcoin is a decentralized payment method that is run on the blockchain and not control by any individual or institutions unlike the visa and Apple card which are control by a central authority which can be sue and at the same time can sue any one that beach the term of contract. So bitcoin is different from them all.
That's your opinion dude, we cannot control people for comparing bitcoin to other payments methods. We all know that since then, bitcoin has its own potential and also its own type of payment method and it is already good and convenient to most of us but some people are still not contented with it, maybe because they want bitcoin to improve more or maybe they are searching for another option that involves bitcoin.
Yes you are right....but the issue is that not many of those doing the comparison have proper information to guide them.
Someone said that PayPal and Visa payment systems are capable of processing *3 of the current transactions per second capacity of bitcoin.
It may be true anyway. But what they fail to understand is that these payments systems were created before bitcoin and that bitcoin is still in it's reformative years.
Someone said that PayPal and Visa payment systems are capable of processing *3 of the current transactions per second capacity of bitcoin.
It may be true anyway. But what they fail to understand is that these payments systems were created before bitcoin and that bitcoin is still in it's reformative years.
It's normal if people compare between bitcoin to other payment method and we cannot force them to stop it because they want to know which payment method will be better than the other to be used for their daily needs and if they feel bitcoin have more advantages then probably they will starting to use that and sometimes comparation necessary to makes bitcoin better
The comparison is sometimes useful and it would be good to see different aspects, but I think what the friend means is that these comparisons should be done with the right tools in the right time zones.
it is not always a bad thing to compare bitcoin with other things but only as long as you are comparing it with something that makes sense. and in order to do that you have to only focus on certain feature you are comparing and then only compare that aspect with each other while reasoning why that aspect in each case is the way it is. for example you can't compare bitcoin with Visa while like mentioning the centralization and that huge difference. but the comparison makes sense because both are payment systems.
the comparison between bitcoin and other payment methods can be made, because we are talking about which payment method are more secure and fast for the user. I know that bitcoin is still a new crypto which it's created in 2009 and credit card was created before 2000,
imo there are more better payment methods out there than bitcoin if you will only consider the speed and security . bitcoin isnt also new because bitcoin is already 10 years old given that it was created on the year 2009 .
but it seems that using crypto will be more better in the future, we just need to wait more.
the nature of cryptocurrencies is already known to be volatile and as well as the fees . i dont think that will be change but the adoption or the popularity of cryptos can still be improved . we can expect more people that will use cryptos and more merchants will also support crypto payments .
It's normal to see people compare it, as a user of course you need to compare which is the best transaction system is the best, compare doesn't mean that the product is bad, sometimes we compare to see which one is the best to used in the current situation, and I don't think there will be any legal protection in using bitcoin, but its also means that there won't be any third party nagging about your transaction, so far for me bitcoin offer something interesting and I think its one of the best payment option
Comparing bitcoin is not a bad thing to other payment methods. People are comparing it because they are having some issue with other payment methods which is not happening over bitcoin.
The comparison is good so that newbies will have an option on what they will use bitcoin or regular payment method.
Sure, the comparison between bitcoin and other payment methods can be made, because we are talking about which payment method are more secure and fast for the user. I know that bitcoin is still a new crypto which it's created in 2009 and credit card was created before 2000, but it seems that using crypto will be more better in the future, we just need to wait more.The comparison is good so that newbies will have an option on what they will use bitcoin or regular payment method.
We cannot stop people from comparing because they see the advantages and the disadvantages of both. Besides, aside from the truth that you mentioned above about visa cards, bitcoin indeed carry risks in whatever angle you are going to look at it and not all merchants are willing to take those risks. You can't blame them. In order to have a more safe payment using bitcoin and other cryptocurrency, there must be an escrow that will guarantee that will serve as the middle man to guarantee safety to both parties in online shops.
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