Topic: Using Bitcoin vs. credit cards - page 2. (Read 270 times)
Both operate on two different levels, credit cards allows you to buy now and pay later while bitcoin i think can only be use as instant payment.
Most of bitcoin transaction is free but must pay block usually 0.001 btc but it good and better than bank in my opinion
I understand what you are saying but I don't think we will see something like that in the near future. Maybe when bitcoin payments get popular, we might start seeing incentives for people to use bitcoin. Merchants will actually have incentives for using it, because the fees they will pay, will be less the those charged by banks. Also, don't forget that when you use credit cards, at least online, you are usually charged a fee as well, so bitcoin will still be better for online payments.
Bitcoin and credit cards are two entirely different things. One is a currency, the other is a service.
There is nothing to stop companies in the future issuing bitcoin/altcoin credit cards with similar rewards. There are also a number of altcoins that reward users for holding, such as NEO, XLM, KCS, COSS.
There is nothing to stop companies in the future issuing bitcoin/altcoin credit cards with similar rewards. There are also a number of altcoins that reward users for holding, such as NEO, XLM, KCS, COSS.
I don't think bitcoin and credit card should be considered in one category or be compared with each other since they are both present for a different purpose. For me both does have some service fee involve in it but bitcoin is considered as an asset while credit card is considered as liability. Also, in bitcoin, fee can be earned again as it increases its value in the long run.
Yes I agree! Bitcoin is digital currency that you can use for trading and even buying online. While credit card is something that you can use for now to buy something but later on you have to pay it. Unlike in Bitcoin, it is like a currency that you can buy on the spot without paying it later. Plus, Bitcoin has a high value compare to the normal currencies that was used in credit cards.
I don't think bitcoin and credit card should be considered in one category or be compared with each other since they are both present for a different purpose. For me both does have some service fee involve in it but bitcoin is considered as an asset while credit card is considered as liability. Also, in bitcoin, fee can be earned again as it increases its value in the long run.
Many credit cards have 1% to 2% cash back on all purchases plus a $100 - $300 credit to your account after a minimum purchase amount in the first couple of months. These are great incentives for people to get and use more creditcards. Most Americans will have several credit cards in their pockets for different reasons, business, personal, gasoline, shopping, travel etc etc.
What are the incentives for bitcoin. When you purchase bitcoin on exchanges you get charged fees. When you spend bitcoin on products and services you get charged a fee where as the bit credit card companies eat those costs in order to suck in more customers, community, network of users.
I believe we need such incentives in the bitcoin world in order to accumulate more community and users. I have no immediate ideas of how this will get done but I believe it is something to look into.
What do you think? Agree? Disagree? Why?
What are the incentives for bitcoin. When you purchase bitcoin on exchanges you get charged fees. When you spend bitcoin on products and services you get charged a fee where as the bit credit card companies eat those costs in order to suck in more customers, community, network of users.
I believe we need such incentives in the bitcoin world in order to accumulate more community and users. I have no immediate ideas of how this will get done but I believe it is something to look into.
What do you think? Agree? Disagree? Why?
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