Topic: Stop Comparisation with BTC and Other Payments Methods. - page 5. (Read 1023 times)

If we still have a lot of content creators, news makers, and people who are voicing out their own opinion we will always see them comparing Bitcoin to other modes of payments. Its just the world works and the only thing we can do is of course keep an open mind with their opinion and not let our emotions take control of the situation.  The only time we can shut the conversation down and walk away is when we know that they themselves don't have an open mind towards BTC, which lately is happening right now with Apple card as a lot of loyalist are comparing it to BTC which is really a far comparison for it.

When something is taken into comparison it means bitcoin is growing. From my view bitcoin has got multiple utility in comparison to the specific usage payment system. This way bitcoin stands high, and people will continue to use minimizing the use of other payment services. As in the above quote comparison provides recognition, and people will find it better than the other services as it is completely anonymous which is much preferred by the common people these days.

Oh no, there are already regulations on bitcoin in some countries, there are regulations on exchanges too, yeah most of them require KYC documents. Also it isn't as decentralyzed as it was 2-3 years ago, as time goes, decebtralization is fading too, at least this is that I see. Also visa's service is far different from bitcoin because bitcoin was made in era of informational technologies and directly in digital way.
Why to stop comparing bitcoin to others? There are a lot of things that despite the time won't change in future, for example better privacy than other payment options (don't mean monero). Also it's fees can be low compared to others.

That's a bad comparison too, Bitcoin is always the one being pointed out as the slowest one when compared to other payment methods.  

I have no problems on people making their own version of comparisons if it's bad then don't give them attention. Getting triggered over these bad comparisons won't change anything.

I wouldn't celebrate right away, but it's something to be happy about because through comparisons Bitcoin is getting the recognition it deserves.

Comparison is done when something is perceived as worse off or better off than another thing. Bitcoin installments are comparable to wire exchanges or money exchanges, where installment is "pushed" straightforwardly from one party to another, without going through another financial institution. Other payment methods, on the other hand, mean that the buyer effectively authorizes the seller to "pull" a payment from their account through several financial intermediaries in the process. Nevertheless, Bitcoin was created to resemble cash and even a payment method as much as the other methods that we are familiar with. Bitcoin aims to combine the advantages of direct cash transaction with the aid of digital technology. The comparison of Bitcoin with other payment methods may be rooted from the thought that it is still not socially accepted and a lot of people are still in doubt of its authenticity and reliability.

It's obvious that each service is different from Bitcoin as this one is a decentralized system that doesn't rely on 3rd parties, but understand that Bitcoin also functions as a payment processor as there are tons of merchants and companies around the world accepting it for their businesses just like they accept VISA or Paypal, so it's almost imperative that you compare Bitcoin with these system as they all share one thing in common: digital payment.

The fact that Bitcoin is often compared with these big multinationals should be something to celebrate for as it shows just how much it keeps growing and keeps being accepted despite being a non-regulated decentralized pseudonymous system created just 10 years ago.

In my humble opinion, they’re comparing bitcoin to other “older” types of payments because they want to know what’s the advantages and disadvantages of bitcoin compared to those payments that people incorporate in their daily lives. For example, I’m using a credit card to buy bitcoin to use for the games
that I’m playing to earn more bitcoins. The point here is if i don’t have a credit card, i can’t buy bitcoin online.

Apple Pay was launched in 2013, is doing close to 1 billion transactions a quarter year and has 250 million users.
For comparison, there are 30 million addresses with a balance in the blockchain,  and 400 million transactions registered in the blockchain.
Paypal was launched in 1998, in 10 years they had over 100  million active users.
You can't compare BTC in terms of mass adoption with any of those.

I don't know why people insist that BTC is doing everything better than anyone, faster and cheaper and ...

No, it doesn't and won't be able to do it!!
Bitcoin will be good at doing some things better than traditional systems and will suck at doing other things compared to traditional systems.

Bitcoin might be safer than a visa card but there is no one getting you a refund.
Bitcoin is better than sending money via WU  but good luck getting a credit line...from...Satoshi?
Bitcoin is faster and cheaper than interbank transfers but it's not compared to a bank to bank transfer.
You can load your Visa Card with bitcoin but right now you can't pay directly without a 3rd party like bitpay or coingate to 99% of the merchants that "accept" bitcoin.

Why do some of you need to act like being some sort of cultist that every hour shout bitcoin is great, bitcoin is the absolute truth, kill the infidels?

Nothing is perfect in this world, certainly not the banks and visa since otherwise, we wouldn't have BTC but neither is BTC or we woulnd't still be using bitcoin visa cards and wiring fiat to exchanges via banks.

You're partially right, in today's world, people want to do everything overnight, and often make big mistakes just because they have no patience. In case of Bitcoin, hard fact is that it is just 10 years old, and show me which company is come from zero to big success in that time, and that it is related to something new, in this case the first decentralized currency?

What bitcoin needs is time, and a completely digital generation of people who will be able to truly understand it, and use one in everyday life. 10 years is just too little time for that, no matter how you think about it. People are accustomed to common payment systems, and it take much time to change their living habits. Bitcoin is at this time to complicated for the average user, compared to fiat or card payment, no doubt about that.

I don't think you are right. Who cares that Bitcoin is new? If we don't compare it with other payment methods, people will compare it with ponzis, stocks or commodities. If we want Bitcoin to be considered as a payment medium, we have to talk about its advantages and disadvantages over more traditional and established methods. Moreover, even though Bitcoin is decentralized and relatively new, it is not unregulated. Many countries have already developed at least guidelines if not legislation regarding cryptocurrencies. The way we treat and talk about Bitcoin shapes how it is treated for tax purposes and generally regulated in different countries. The world is moving fast, and if Bitcoin is not discussed because it's too new and different, it will be easily erazed from history.

The good thing is that btc will be use according to its target and goals the P2P transaction. BTC as payment option involves P2P transaction so I guess it is way better to do payment and transaction using BTC and there is no wrong of that doing it. This is just an adaptation and once the user's enjoy using the system, then mind you that they will going to buy more BTC to suit their needs especially in doing transactions.

I think we should leave it for people who were still comparing between bitcoin and other payment methods and we cannot force them to stop their opinion. Bitcoin still in the younger age than the other payment methods and it needs time to grow more but bitcoin now can compete with them, and I am sure that bitcoin can survive in the competition. But the truth, I don't think that it is a competition for bitcoin to other payment methods, but I will see this as help from bitcoin to solve the financial method on the internet.

Sounds like an "apples and oranges" situation to me, to be honest.

Comparison always produce a better product.  This way developer can see the advantages and disadvantages of their plan.  With that they can design an improvement or work around to be able to nullify this disadvantages.  It does not concern on how young or old Bitcoin is, the need is now and people does not have a necessity to wait.   So it is better to have a critics that will drive Bitcoin to its improvement than nothing at all making its development stagnant.

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?

Bitcoin's another name is freedom. But on the other payment methods have lack of freedom. That's is the real difference between Bitcoin network and any other payment getaway or network. Here is no limitation, no regulation, no third party control. Your money your control. This freedom give us bitcoin. I am just wondering what will be happen after 10 year about bitcoin payments getaway. Hope all over world will realize real value of Bitcoin payment system.

We do. If you are able to prove that some particular person stole XX amount or your BTC then it will be investigated by the police as a cyber crime.

If you are using Bitcoin as a payment system then everything like Visa, Paypal etc. are its competitors and comparison is legit. The point that BTC is younger doesn't change the fact that it may still be compared to its competitors.

If we don't compare bitcoin with other available payment solutions there is no need for bitcoin at all. People have to know the pros and cons about bitcoin compared to other payment solutions. If you don't tell them why bitcoin is good for the mass, they don't see any reason to use it. As long as they think every other payment system is good, why should they change their mind?

Yes I also highly preferred foods with this conspiracy. Comparison of FIAT currencies with crypto will not finish if discussed, since some of the community will be hostile to crypto. The growth of crypto will inhibit the development of FIAT so it will destroy the banking system. I think it's better both need not be compared because without fiat, crypto can never become a good investment vehicle, as well as vice versa. without the crypto fiat will not develop, because the system contained on the crypto is the latest era will change the world. I am sure of it!

Most of them but not all of them. Those accounts that you saw are just shilling for other coins. Don't mind them, mind the newbie that can get something worthy from reading why bitcoin is being compared to other payment methods.