Bitcoin Forum

Would you support accepting Bitcoins as payments in hospitals, shopping malls and other basic needs in the near future?
Should Bitcoin be recognized so much, I would be happy to support such move though not sure about the security issues it may face if it is utilized for paying for services in the general public. If done so, would the government impose new laws regulating the use of Bitcoin?

Well this has been discussed many times but from what i observed, it is not easy for bitcoin because it would take too long for transaction fees and sometimes the price is always unstable so you would have to change price every pump and dump. And i think not always that the government as the power on meddling on this kind of affairs. Its hard to watch and keep track if ever they will create there own server for the transactions.

Hospitals shouldn't be a problem as the transaction shouldn't be instant but for shopping and as mentioned above, you want to make transaction for that. Bitcoin is not suitable for these micro-payments yet, we should see the lightning network in the upcoming months though and that could solve all these issues.

Oh I'd definitely support that.

Once Bitcoin is ready.

Bitcoin needs to properly scale first (eg. via LN or other 2nd layer solutions). Then the question would be whether merchants and hospitals a) instantly convert to fiat or b) keep BTC as is. Option a) will probably remain the most viable solution due to currency risk and BTC safekeeping. Option b) would require proper cyber-security thinking that may be lacking in the general populace, but has been getting significantly easier with the advent of hardware wallets. Either way we still have a long way to go.

Regarding regulations I could only imagine something like maximum transaction limits, akin to what you see in some European countries regarding cash. Maybe security directives for public services accepting BTC. Apart from that, I'm not sure which actions the government could take without crippling BTC's usefulness. Taxation laws etc. would apply anyway, if recognized as a currency.

Yes, i would support accepting bitcoins as payment everywhere, but i don't think hospitals, shopping malls etc will accept it as payment.
Probably in future they will, i see in my country some companies are accepting it so i don't see problem why not.

Transaction times would really be the main issue here on which those services or establishments wont really plan to use bitcoin to be part of their payment system. We know it do somehow long to wait on making transfers even though its irreversible but the fact that others dont really kind of stuff but if this would be resolved i guess they would somehow make some considerations later on.

Where do you live? I think more bitcoins will be used in the future work of the hospital. However, with bitcoin payment seems unlikely

This is an interesting idea. We know that bitcoin must have a purpose in the future to be used in various places. Including hospitals that serve public services. The government will certainly be frightened because bitcoin has high price fluctuations. But if we can all assure that the use of bitcoin will be very beneficial then we can make bitcoin used in various places in all aspects of life.

It could eventually be used in this way once it is quicker, just thought of a series I saw a while ago Almost Human where bitcoin was the main currency and they carried their wallets on a type of thumb drive and just touched them to transfer.

I will support the bitcoin payment applied to public service payments. Like hospitals, gasoline, or pharmacies. I feel that to achieve this requires a long process. Governments should be involved in various public policies.

Of-course I will support! hope that day is near when bitcoin is accepted everywhere as a payment option, about government making laws related to BTC I am not sure how they will manage to do it like e-wallets are supported pretty much any shop/services in my region and people use it because its very convenient and safe, I don't think there are any laws regarding e-wallets I might be wrong though.

yes i support with this plan if have a representative to go with manage o make a payment method like in hospitals or more stablishments in many more places or country but bitcoin is online cryptocurrencies and i dont have idea to succed if bitcoin begin to fiat for buy or paiding manual ???

You are right about security problems.We are holding our coins in our devices or mobile phones but there is no guarantee that it will be safe if it becomes too popular. just like many popular income resources, hackers or people with bad intentions will try to steal your coins and it won't be too hard.They can sniff data on public WIFI's,they can find a way to get data from your wallet devices if they get close enough to you.There are many ways.Getting public attention may be good in a long term but developers and us will need to be much more carefull than ever.

Future applications of bitcoin seems growing as there are more applications getting developed based on different platforms. In digital currency network the applications were developed much on ethereum Blockchain platform. Now itself several apps have got their own coins used for all requirements.

most of us here are supporters of that good adoptions since bitcoin really make a huge movements I think a lots of people now start to wonder and with how bitcoin was created its should be focusing now and served as a currency its good to see establishments to adopt this system and allow bitcoin holders to enjoy the service.

I do hope because of this rise, now people will notice bitcoin and plan to invest into it. And when that happens for sure we'll see this mass adoption we're all waiting for. If it get adopted that quick and like at least 10% of the whole population of the world uses it and tries to do something with it then we'll see a lot of great things more from bitcoins.

A very brilliant idea and I am very supportive. With Bitcoin for public payments that people use to pay for hospitals and shopping centers, bitcoin is becoming increasingly well-known to the public. But for security and legislation let the government think to use and secure as we expect. Because I do not understand not even know about security and legislation.

Well couldn't a system be made that would do all the transactions instantly and later on at the end of the working day distribute the fees and send out the actual transactions for confirmations, like a lower value market, for places like grocery stores, small local markets, caffes,etc..

basically transactions would be done instantly to a separate "blockchain" without confirmations and later on, during the closed hours, implemented to the main one.

If you're looking for future applications for Bitcoin look no further than the unused data in each transaction. That is where the secrets are going to be kept. The very simple fact that each transaction can carry with it a certain amount of information opens up the entire world for applications  and with bitcoins we are already seeing many applications developing using bitcoin as a payment method.

It is the ultimate goal for any of the payment methods including bitcoin but government and banks might never accept bitcoin as payment method because bitcoin transactions can't be tracked and they think bitcoin is only used by hackers and criminals.

However many merchants around the world have already started accepting bitcoins which will be enough to increase demand for bitcoin.

Of course if Bitcoin will be accepted on establishments such as the hospitals, hotrls and many more, I will be very much use it to pay them. It is very possible in th future and if it happens, I think the government might do something about it because that is what they always do.

If one of those establishments tried such application of btc . One at a time they will sure adopt it. Until almost all of them accepts it. It just need one to proves that it's worthy.

Every option being discussed are something I sum up as mere wishing as it won't happen until one important thing is done which is stability to bitcoin. If that didn't happen, then not one of those establishments will fully embrace bitcoin. As you cannot place something on nothing, so also that won't happen until the issue surrounding volatility is brought to the barest minimum.

If everything is ripe I support the bitcoin used for payment, But for now I have not supported it Because bitcoin prices have not been stable, this can cause all to become chaotic

IMO as long as the transaction isn't required to be confirmed instantly then BTC can be used a payment. In the current state BTC is not a good currency to use in shopping malls or restaurants because you obviously don't want to wait for 15-20 mins for the transaction to get confirmed. In near future, if the transaction gets confirmed instantly then BTC can be used as a payment method everywhere where cash or credit is used. 

I second to this, I do agree that bitcoin is not just for transactions to earn profits in Trading, mining, or even gambling. In the near future, bitcoin should have a purpose especially with the health care system.
I think bitcoin would be more beneficiary that way. Transactions of bitcoin for bitcoin will be frankly numb if it will not circulate to all aspects in the society that would give service in public.

I agree with you because its volatility makes it difficult for daily routine usage. I think it will be fantastic to use Bitcoin in hospitals, schools, shopping malls etc. but the time as you put it is not ripe yet and we are hopeful of getting there.

As you are talking about already happened to some countries. And many ico projects are growing in the field of health, such as dental and many others, like you have to do a lot of research on this.

i think bitcoin will Occupying the world we will see all Services Supports bitcoin .

The only real problem is that Bitcoin when accepted as a payment method by merchants, services or other general business entities can't be used in a p2p manner.
Some sort of payment operator/processor (i.e BitPay) needs to be mediating between parties here - because merchants don't have anyone who will check blockchain payments for them.
This effectively makes Bitcoin not that amazing as we still would be using a bunch of middle-men to process every transaction.

The Bitcoin network is able to process more transactions every second than today. This condition, however, is not fully prepared to handle the transaction amount of credit card networks. Development is being done to overcome the existing limitations and everything needed for it in the future. From the outset created, every aspect of the Bitcoin network proceeds to grow.

I think we can not do it that easily. Now let's see, many countries that have not received the bitcoin and have not acknowledged it, if that de apply, certainly there will be a very high gap, because in developing countries, not everyone knows bitcoin.

their are apps now that use bitcoin as a payment for a lot of transaction and i think apps will upgrade their service just now ! i mean their are thinking how it will happen how it work example coin.ph use bitcoin as payment for shopping paying bill on electricity load ecards this are the basic if you are owner of this app you will think upgrading your service will attract people to use your service and more people will use it .their are now thinking little by little and many app are their maybe just now their are app using this technology

Security issues in bitcoins is not responsibility of bitcoins, the user's bitcoins must know it because bitcoin's network is secure no hacking issues be found in it, bitcoins doesn't needs regulation even bitcoins be used for payment in hospital, school, online shopping and other, bitcoins is decentralized it can still run with ecosystem of bitcoins its self.

If bitcoin will one day be widely accepted as you state, I am more than sure that the government will come in. The government cannot just sit at the sidelines watching whatever happens. It is the government; it is expected as a form of duty that it will intervene in dealings that have to do with the general public.

I dont think so, before that will happen we must accomodate free internet worldwide and it shoul be fast for easy transactp and I belive its kinda blurry for now that someone will finance that and it will cost alot. Physical money should not be extinct it serves easy payment, and transactions digitally may sprout many hacker, and not all the people around the world can run with innovations as of now.

I'll be waiting for that time that bitcoin can be used in paying hospital bills and items bought in the mall.  ;)