Bitcoin Forum

Hey, I don't think bitcoin is very user friendly, I'm really tech savvy and even still, I don't get bitcoins. Is it like my credit card? Why can't I just use that? Why should I buy bitcoins? Convince me.

More user-friendly than email, and can your credit card receive payments to it just by holding it up in the air for a QR decoder to scan?

More user friendly than email? Where'd you get this from? Nothing's more user friendly than cash, or hotmail for that matter.

And holding my credit card in the for a QR decoder scan? I just use payWave on my credit card.

Bitcoin is decentralized, no one can freeze your account. It can also be private and you don't need no documents or effort to get an account, just a split of a second and you have it.

It is safer then other payment methods and there are no chargebacks. It is international and you can make a transaction in minutes to the other part of the world. Currently there were some upgrades done to the network, so we had fees that are abnormally high, but usually you could send a transaction for few cents that is fixed for any amount.

Visa just patented some blockchain solution that shows you that it is superior in all the ways. Bitcoin is the oldest, safest and biggest blockchain and it will likely have no competition.

For beginners, it might look like it's hard to understand just because it is not well known yet. Bitcoin is like how the credit card started in the early days, no one knew anything about it. That is the reason why we have this community. To help each other out.

Bitcoin is like any other currency, and it is better than credit cards. Credit cards charge you an APR. Credit cards are also more vulnerable and there are a lot of security issues tied to it. Bitcoin on the other hand does not charge you for anything other than transaction fees. It is also more secure since no one would have access to your private keys aside from you. There are similarities between them too. Both of them currently rely on fiat to have a value. Both of them are created for convenience that way you do not have to bring a whole backpack of cash anywhere you go. And both of them could be used to purchase stuff online.

There are many more similarities and differences between them but I just pointed out the most common pros and cons on the bitcoin vs credit card stuff.

what you said is correct apart from that investment wise if you see if You buy and hold bitcoins then it value will increase but not in credit card or fiat currency. Through bitcoin you can do lot of work to earn it. If you go through this forum you will come to know about it.

I did not compare them on the investment scale though since you can never invest in credit cards. I was merely pointing out their pros and cons, as well as the similarities and differences between them.

Both of them ride on the value given by fiat. And that is a fact.

bitcoin in general not the same with credit cards. its like compare bike and airplane

Permissionless, unrestricted, uncensorable peer-to-peer cash, that enables global monetary transfers between private individuals without the need for banks or bank-like institutions such as PayPal. In addition long-term deflationary properties with a fixed supply, making it a potentially viable store of value akin to gold, just easier to store, secure and transfer.

Credit card companies and banks can and will block transactions that they don't deem fit.

PayPal is known to seemingly randomly freeze accounts and funds for unknown reasons.

Centrally guided monetary policies may sometimes lead to questionable results.


If neither of those interest or bother you, just move on and watch from the sidelines. After all it's just an economic experiment. If it fails you didn't miss anything. If it succeeds you'll benefit from it either way.

Bitcoin does seem unfriendly at first, but it's getting more friendly every day. There are a lot of trusted sites that now let you simply create a wallet through a web interface. There are now Bitcoin ATMs -- there are 3 in my city now. Probably the best advice to learn about it is to go search on YouTube. There are literally hundreds of videos explaining almost every facet of the currency.

Convince you? All I need to point out is, ask your father or grandparents how much a pack of gum costs when they were your age. Fiat always inflating, bitcoin is always deflating.

The transaction can be accepted immediately if it is a "zero-confirmation" transaction, meaning that the user is at a greater risk of accepting a transaction that has not yet been confirmed by the Bitcoin blockchain. Or, users only take about 10 minutes for the transaction to be confirmed.

You do not need to trust anyone. In a conventional banking system, you have to trust everyone who manages your money here is the bank. You may have to rely on a third-party payment processor. You will often have to trust the person dealing with you. And they all ask for important information from you. Because Bitcoin is completely decentralized, you do not need to trust anyone. When you do a transaction, it's a type of digital signature, and safe. Any digger will verify, and then the transaction is completed. Traders do not even need to know who you are, unless you want to tell them.

Better read this https://bitcoin.org/bitcoin.pdf you would able to answer the questions on your mind and I'm sure you would able to be convinced after reading that whitepaper. Bitcoin isn't user friendly? Youre wrong if you do actually see on how big is the bitcoin community I'm sure you would be amazed. Giving some key points about bitcoin. Its a new innovation on having a peer 2 peer transactions without any 3rd party involve and you do have the full control of your own money. sounds interesting right? better read further on that link.

it it will be more useful for if u read some books about bitcoin, dude ;)

yeah it is hard to understand, it is like somebody has controlling the software. you have to learn more about grafik

Ignore everyone that's trying to make using Bitcoin seem like it's simpler than using cash or email. It's really not. The blockchain is a complicated technology and sending a Bitcoin transaction is more complex than sending an email. However, that doesn't mean that you can't learn how it works. Reading a few tutorials or watching a video is usually enough to get someone up to speed. Bitcoin isn't ready for the public yet, but it's easy to get into for any curious enough or with some technological savvy.

I think this is probably the best description/reasoning in the this thread. A lot of people I have talked to like to compare it to PayPal, and don't realize that PayPal can and will freeze your account for the smallest reasons. I always thought the stories of accounts being frozen were overblown until it happened to me. It can be a real pain too considering PayPal's support sucks.

There's definitely something to be said about being in control of your own money. You may not get all the same perks that you get with your credit card (extended warranties, concierge, chargebacks), but the average person probably doesn't use those anyways.

Strange questions you ask. The best way to convince yourself is to try the bitcoin on your own and you will easily see the difference compared to tradiotional fiat currencies and what are all the advantages. For me one of the best bitcoin advantages is independency and the fact that it has nothing to do with banks. You can access it everywhere where is internet connection and if you don't want to reveal your identity that is also possible. With the same amount of bitcoions you can have more and more money each day, if the price is rising. Isn't that great?

bitcoin is based on peer-to-peer technology and relies on the blockchain and the cryptography securing it, without any third party oversight.

In contrast, credit card transactions is the buyer asking the seller to withdraw money from their account, passing through many financial intermediaries in the process.

But you didn't even give the noob a book reccommendation

buy btc if you need virtual money and sicurity payment!!

If you're asking us which one is easier for your current everyday spending then it will be your credit card/debit card/fiat money what have you. That simple. Bitcoin is not yet there in replacing those.

Now why should you buy bitcoins? To earn money of course. You can just hold on to it and watch the ups and downs (like gold) or use trading. It's a very good investment with the current trend.

I recommend watching this video. https://youtu.be/Pl8OlkkwRpc An excellent ted talks about the invention of  bitcoin, the blockchain, its future uses and applications. It's ability to bring 3billion people without bank accounts to the financial system. A system that us as a community have a chance to create. It also has some excellent comparisons to some technology we use as a given today, technology that suffered the same issues as we see with the blockchain today. I.e. The internet had severe scalability and acceptance issues at first to. It's worth a watch and may just change your opinion. I hope so, the bigger the community the better.

You Question is " Is it like my credit card?" Well its a yes because you can apply a an credit card for bitcoin. You can use it the credit card but you need to know if that card is a credited at the store or shop. Why should you convince buy bitcoins? If you invest in ICO or Bitcoin Campaigns who knows you get your luck and that project might be a success.

Might? Because some project succeed some dont succeed but dont worry I saw and seen campaigns that are located at marketplace  (altcoins) and services.

<■>Reasons? Well its here<■>

• As earn here and earn Bitcoin or altcoins woth no investments.

• Investments what to do it or experience it? Go ahead and go to there website to know more information about investing.

• If your a fun of games especially poker the latest and know gambling games its open for you to play.

• We do also have trading and mining but we need an capital money.

I like to think of Bitcoin as just a public ledger. Your wallet address will hold every transaction associated (negative and positive) and the sum of those transactions is how many BTC you have.

BTC are generated by miners which is payment for them securing transactions and organizing them into a block.

Think of it as a decentralized payment system with a large amount of users who all help the network grow stronger.

It is better than FIAT because it gives currency back to the people, and there is a set amount of supply that will be created.

When you are paying via CC it's comfortable. No doubt.

BUT

You should see it also from the service provider perspective.

- CC payments can be easily cancelled/reversed. This is something e-shops have to count with (taking some sort of risk)
- service provider (e-shop) pay fees (or charge them to you) for accepting CC payments. (im not sure. This is just my assumption. But I doubt the CC payment processing is free service)

VS

- BTC transaction (once confirmed) can't be reversed
- it's open source so anybody with coding skills can make his own BTC payment processor. Or can use third party software (which might charge some fee as well).

Some other features:
- have you ever made an international bank transfer? If so you probably notice it took few days and you have been charged additional fees (int. bank transfer fee, convert currency fee etc.)
- anonymity. If you take the care your transactions can be completely anonymous )
- it's peer-to-peer (no third party which can arbitrarily cancel your transaction just because they think you are dealing with some bad person etc.)