Bitcoin Forum

I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)

Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.

Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.

But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].


You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html

We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.

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.

a fair point, but i have to add that usually (at least 90% of the times) it is not really users that are making such comparisons but they are always reporting something they have read somewhere. for example it is a well known fact that the news sites always publish click baits, and these days that price movement doesn't exist because bitcoin is very stable, they have nothing to write about so they keep trying to come up with things like this comparison. then everyone starts talking about it.

Especially transaction time and amount comparisation is completely wrong. These are not same. We can't compare with Apple and Banana. They are fruits but not same!


I don't think they are talking about issues. They are mostly want to prove that Bitcoin is useless. They are trying to promote some other coins all the time.

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.

What can we expect from most? no one can stop an individual from comparing bitcoin to any other payment methods. What if they were tired of the long transaction time because they need money more than the transaction time that they have to wait? yes, they were different but that's just it and the reality can't be crampled and it depends on you if you will embrace it or not. Nothing wrong with these comparisons as it shows on who are the supporters and how their experiences went.

You have a partly valid point here, however:
The things evolve nowadays much faster today than 60 years ago. It's not unnatural to expect Bitcoin evolve faster than VISA did (and Bitcoin does evolve faster!)
Such comparison leads to evolution, can lead to fixes and changes in the direction people want to use it. Such comparison in not a bad thing.

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.

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!

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?

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.

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.

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?

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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   .


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 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 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'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

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.

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.

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.

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.

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.

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 :/.

Yes there are many benefits of bitcoin than another payment method, and bitcoin is better than them in era of internet. Even still there are many people who compare bitcoin with other payment methods, bitcoin is still best due to it is revolution in our currency around the world especially on transparant and the control of our currency in the bitcoin.

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.

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 !

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  .


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  .

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.

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.

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.

In fact bitcoin's good and he's one step ahead of other payment methods such as Visa Mastercard Fiat ApplePay SamsungPay and Alipay. However because most governments don't support the existence of bitcoin, this thing certainly makes bitcoin increasingly cornered in its use and is difficult to grow due to government law which tends to complicate its performance. That's why most of the bitcoin users use it more only as an investment asset.

- Well, bitcoin is really popular and is used by many people around the world, I am not too surprised that many people are comparing the features of bitcoin with other things but at least when people start to compare, they should understand the purpose that the product is created, look for the highlights and disadvantages of that product, from which to choose the product that suits the needs and purpose. I talk about this because I see a lot of people appreciate a product then criticize other products but they only look at one aspect of the problem, they lack the overview, they should review it

You have a good point in there but unfortunately, toxic comparisons are happening more often. I mean, the cons of btc disgaree to it up to extent that they do anything just to bring bad inpressions into it. They say it was a scam, unsafe, a bubble, and other malicious things without even showing concrete evidences and sometimes they do it just for their own advantages (best examples are bankers).

I think this way of thinking is inevitable because each one of us got their own evils within. People always find wrong things in a particular thing, I guess the only thing you can do is to ignore those kind of people and don't get affected.

Comparison is indeed healthy (like what most people stated) as it addresses the grey areas that the other party is superior to. Although Bitcoin is a decentralized system as compared to Visa, Paypal, etc. who is centralized in nature, both appear to be mediums in-exchange for products/services digitally.

No matter what the comparison may be, we should not stray away from the fact that Bitcoin has its own revolutionary platform that no other payment method can match. The only hindrance in achieving its potential are its legal status and acceptance of the government. But these are factors that will soon be addressed in the near future.


I am pretty sure when Visa or paypal was introduced, it received the same attention and comparison from the same existing payment platform. The emergence of bitcoin and its comparison to others is inevitable and should be treated as an advantage in order to know its positive and negative implications.

Personally, care more less in effort to compare Bitcoin to other payment methods because have been using almost all payment method and have come to the point in which; the positive and negative sides of both payments are well known to me. Bitcoin payment method have captured my mind because of the time frame at which it transactions are done on the Blockchain. 

People don't care about centralized or decentralized and they're not really interested to know.

What matter for them is how user-friendly and easy is it to use. Since people mention Paypal here take a look at the company. It's so easy and convenient to use than even grand'pa can use it. That's why it's the most popular payment processor to use online.
Then, take a look at Visa (or any other network) it's easy to use, you don't even need your PIN with NFC, you can customize the settings and so on. People have a card in their pocket and can pay for everything. (almost)
For centuries we have adapted to new currency forms (and payment methods) according to the history's periods and how convenient it was to use at that time.

Bitcoin also has to compete with that, if people have to use a Linux Terminal to send a Tx and it takes 4 hrs nobody will adopt it. Currently, BTC cannot compete with Visa for sure but what I know is with the R&D you will never know what BTC can do in the future (let's say in 10 years from now, which will come fast)

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

Bitcoin as a payment source isn't much accepted around the world, because the entire percentage of bitcoin users around the world seems to be around 1-2%, by 2020 it is predicted to touch 5% and around 10% people know about cryptocurrencies. As the usage level increases the technology gets updated and same gets importance as Payments.

The number of transaction being carried out in Visa and other payment platforms are really huge and you cannot compare it to bitcoin at this stage and we need to change some fundamental things to see those kind of transactions being carried out on a daily basis, it is always good to have a good healthy viable solutions like bitcoin that could interfere some big corporate monopolies who are controlling the market. There is still a big hurdle when it comes to purchasing bitcoin around the world and when that becomes smooth then we can compare it without other payment methods.

Bitcoin cannot accommodate majority of the people at its current standing.
When it comes to payment system, this way we can gain adoption, but comparing to other payment system, we are still young.
Thing is, they are regulated and we are not, they are stable and we are not, people who just transact online does not want to take risk on volatility.

So it's actually there is no problem comparing bitcoin to its competitors as long as it has the same function, isnt it ?
users have the right to know what bitcoin has and its flaws, do not restrict user discussion..

Bitcoin is a very unique one it is the first decentralized currency if I am not mistaken.
So let's not compare it with other payment options because every payment option has their own system and ways.
But for me it is the best because it is decentralized and it is fast we could transfer money from all over the world in just few clicks.

no sir. Comparing BTC payment methods with other payment methods is very important. the aim is to get the value of benefits from both methods. so the public can choose transactions that are easy, simple, safe, and also save costs. I often make simple discussions with the public about future currencies. one of the themes being discussed is about payment methods.

this: "comparing things..." has always been the favorite thing of most people living on planet earth, we compare the size of our house with our neighbor; we make comparisons between countries (who is the richest country in the world and who is the poorest country in the world); we make comparisons of who is the richest in the world; for people everything is a comparison, then it was something already expected that they would make comparison between the payment methods.

It's already implemented and has not helped the current bloat of transactions.
Yeah Core Segwit was a waste of time and poorly done.
BIP100 (supported by over 70% of miners) should have been implemented.

Meanwhile, the comparison has been going on for over 5 years - nothing new - move along.

I'm getting used to it, bitcoin has always been compared to almost every type of payment options. It is because from the beginning bitcoin is too far from other payment options and was always been a treat to their businesses.

The unique approach of bitcoin has always been the main topics to why it should not be used, to why it would not work and to why it has no value at all. Now that this type of payment is slowly getting accepted around the world. Most of the payment options are now starting to link their services with bitcoin because if they don't they might be able to miss the opportunity that it can give to their business.

Tho, we can't deny the fact that most of this still doesn't accept bitcoin even if they are getting linked to it because basically you can only buy bitcoin using other payment options rather than you can sell your bitcoin and accept your payments through other options.

what is treat ? you mean threat to thier business  ? yes thats what others are thinking . they see that bitcoin is unique or have other advantage that are not on thier payment system . but not all are haters , others are also willing to teamed up with bitcoin because they think that this can grow thier company  .




if they are linked to it then why they deny it ? thats strange   . i never witnessed that before   .  i only see several companies that are linked to bitcoin and they are proud of it .

Oops, my bad yeah I was actually referring to that word "threat" what is "thier"? you mean "their"?  Lol you haven't understood my statement I said "we" can't deny the fact not them denying.


I will give you some example as far as I can remember coinbase an paypal somehow connects but the deal I think was you can only purchase bitcoin using paypal but you cannot sell bitcoin to paypal that what makes it  a one sided deal.

But it depends on the timing on when the transactions made,because if we must remember back in December 2017 when the transactions are congested we experienced longer waiting on each of our sending/receiving payments but all the fact you’ve mentioned is right mate that those other payment methods take longer time as in days befoe being done while in crypto the longest ive heard is more than aday

Nope, back when the price spiked many people took multiple days to get their txns confirmed and some never got confirmed.
The issue was that you had to pay a ridiculously high txn fee to get ANY tiny txn confirmed quickly - 10s of dollars or more.
BTC txns don't care about how much you are spending, only the size of the txn, so spending anything less than say $1000 worth back then meant a mandatory VERY high % fee.
Block size and all that shit with the failed segwit is the reason (as it has been yesterday and today)

We should compare bitcoin with those payment methods. Isn't that we are supposed to achieve? To be able to be an effective payment method as those mentioned. Just because you can't win compared to them that we will demand comparison to stop. We should thank people that keep comparing it because we at least have a goal that we should achieve.

Well, actually I'm also not interested to compare Bitcoin and other payment methods. However, this is the world, people in the worldwide involve here and they have different ideas. We may be very difficult to stop them.
In my opinion, we need to share our ideas about the Bitcoin, the benefits, and also its utility. It is a decentralized currency, a cryptocurrency that may be one of the currency systems to be used in the future.

However, now, it is still able to be used for many payment methods because there are so many differences among the countries.
Bitcoin and other payment methods have their positive and negative sides, so, let them flow.

Thats the only way enemies of cryptocurrency can fight back against our beloved bitcoin because aside from that its harder for them to find another

Bitcoin is a currency in virtual form.when those mentioned are payment method in which obviously different from a currency so just let them have their moment and besides we are not butthurt here

Many users barely afford to execute oversea transaction with existing payment gateways, transferring 10 pound through paypal charge 7 pound fees or something i remember previously, i agreed that existing payment methods are good enough with protection, speed and rollback-able operations. Cryptocurrency is a different concept with no involvement of such parties, you are responsible for your losses and it's not necessary a bad thing but you could argue that both should co-existed, like you say its still too young to deny

the only problem with cryptocurrencu is lack of adoption. so if  you some day choose to use any of them for oversees transfer of money then you will end up paying a lot more fees than if you chose something like paypel.
for example imagine you wanted to use an altcoin. you first had to buy bitcoin then use that to buy the altcoin and then withdraw from the exchange. that is 4 fees already (transfer of fiat to exchange, buying bitcoin, buying altcoin and withdrawal fee). then the other person has to pay the same 4 fees in reverse to convert that altcoin to fiat again.
the only case that this can make sense is if you use bitcoin itself and if the other person doesn't have to convert it back to fiat and uses bitcoin as a currency since it is already a currency and is increasing its adoption.

Comparison will never end because people are trying to see why one should be preferable against the other or why oke should be adopted for emerald usage. Even though they belong to different category but they have similarities which puts them in the same table for comparison. Even though bitcoin is just age of a decade, it has done well for it to be compared with those that has been existing for ages.

Bitcoin is so different from any other payment method because all of them are centralized and controlled by the government ,
This is the newest and only decentralized payment option it is the best for me because we don't need banks just to keep our money safe .
For me it is the bank for non-bankers for those who doesn't trust the government or banks.

That is right. Every payment method has advantage and disadvantage, and we should know which is suit for us. I think it depends on the people itself. When they want to pay their daily life with fiat, then they can do that. But on the other days, when they are buying some product on the internet and the online store offering people to use crypto, then people can try to pay with crypto.
Cryptocurrency or bitcoin was offering another solution to make a payment. They can choose whatever they want, and we should not compare bitcoin with the other payment methods.

With the development of the internet indirectly paving the way for digital money to be used as a financial transaction tool, which previously was dominated by Visa or Master Card. Now bitcoin as a digital currency is increasingly being used throughout the world, especially developed countries.
Bitcoin has its own characteristics that are different from other payment instruments because transactions are peer to peer so it does not involve third parties, such as banking. So from that bitcoin cannot be compared with other payment instruments because it has its own advantages.

Comparing is a normal thing in this world;  but we should always think that everyone is unique. Cryptocurrency with Bitcoins and other payments has different platforms and different services. Even though they are different, still they manage on how to help every investors to earn money and make payment more conveniently.

I will keep comparing bitcoin with other payment method no matter what. Visa , MasterCard, samsungpay and alypay still charge too high cost for their services, I prefer like to use btc or usdt or other altcoin to send money outside of my country as long as the person who receive it is agree with that. I think cryptocurrency transactions is safe enough, I did many transactions with many people outside of my country without any problem so why I have to use visa, MasterCard, samsung pay and alypay if I can send money with less cost when using cryptocurrency.

We can't stop people to compare bitcoin to other modes of payment because bitcoin in the first place was actually made as a mode of payment. The difference is just bitcoin is a multifunctional and decentralized digital currency. People will keep comparing it especially when they're not well informed about what cryptocurrency really is.

there is nothing wrong with comparing bitcoin with other payment methods. in fact I would say that it is a good idea to do that kind of comparison because bitcoin is also a payment system and a currency so it has to be compared with other similar ones in its own category so that it can improve. and also this kind of comparison helps people see the differences and benefits and disadvantages all at the same time and make a better decision in their choice.

the problem is when people start comparing bitcoin with things that don't even fall under the same category as bitcoin. for example comparing bitcoin with gold since gold is a commodity and bitcoin is a currency they should not be compared. or comparison of bitcoin with tokens like ethereum, since bitcoin is a currency and ETH is a token they should not be compared.
the other problem is when you compare bitcoin with something else and only focus on one aspect instead of combination of them. for example comparing TPS of bitcoin with Visa while ignoring the decentralization versus centralization.

Btc will most certainly be compared to other method of payment because as we all know btc also is a means of payment (digital) and as always people have expectations in this new technology as opposed the traditional, as a digital currency, it is expected to act more efficient and effective than the traditional way, so when there are few lapses here and there people tend to wonder and question it,

and i don't see comparison as something bad, i see it as healthy way of critics, i mean for any technology, product, etc can grow properly, it is important to pay attention to healthy critics, this help to shape things up and make adjustment in all short comings, if you don't know where your short comings are, you can't make amends or adjustment, comparing btc to other means of payment also enlighten people the available possibilities of btc,  so it is not that bad as you make it sound, Humans also face this ;D, not only BTC

Comparison was just a normal thoughts, coming from every person who seemed to observe the differences of the two things. Usual payment methods always involved fiat money, that has been used to basic commodities. Btc's underlying popularity these days will always have to overtaken the advantages that has been pushed through by digital currency compared to fiat physical currency which is paper money.

We should stop comparing Bitcoin to other popular online payment platforms. Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day. Bitcoin attracts interest because it is the preferred portfolio of investors because it generates profits and the payment platform does not.

Yes, Bitcoin payment methods are different than our traditional payment methods and comparing both might help to overcome the loopholes in both the systems. :)

Bitcoin is a currency and traditional payment methods is also a currency

 . both are the same the only difference is thier characteristic or form because bitcoin didnt have a physical shape while tradtional payment system does have .

 thats the reason why bitcoin is commonly compared to traditional currency but comparing them does not solve loophole problem because both currencies does not have a loophole  .

people will know which is best. Comparing is a common thing because everyone will know the weaknesses and strengths of each financial transaction media.
In this era of technology, Bitcoin has many advantages and I am sure that many people will agree with that.

We can't stop ourselves from comparing things to other. It help us in making wise decision and comparing bitcoin to other can be good to see the positive and negative sides that helps in choosing what they think is the best among each payment methods. The fact that bitcoin is being compared to visa (that was established in late 1958) can be seen as a good thing because they're comparing it which means bitcoin is capable of competing with it and can be seen as a threat to them.

I think the development of bitcoin is very fast compared to other payment instruments, Visa etc. developed by rich people who will certainly get profit at the beginning of their investment. But bitcoin and visa, mastercard, alipay etc. are something different.

Both were entirely different when it comes to payment access, bitcoin needs confirmation which happens through the block addition while with other payment gateway the confirmation will be done by some third party support providers. As of now rather than bitcoin as a payment source it has more other functionalities.

I totally agree. And I don't care if people will continue to say something like comparing Bitcoin into another payment methods because in my case Bitcoin is more convenient than any other to be honest. I don't need to spend time to fall in line just to pay for bills or use and buy goods and services online. Transactions are safe because our local exchanges are regulated by the central bank so we're good to go.

You know why people hate those other payment methods, its because they are not for us. They are simply big businesses running and making a profit. Do you think banks can return the money deposited in them? No, they can not. They only able to pay you because only you want to take out your money but imagine if 50% of people who have deposited money in bank want their money back. Then banks cannot pay you. as because they have lent your money to others without your permission.and you can this legal.

Bitcoin was upgraded with the Lightning Network - it's just that it doesn't work that well. And alts that DO work arn't getting much publicity.

Well they are all payment methods, you can use Bitcoin to pay several services as those old payment systems still continue available...

It's just that if Bitcoin or any other cryptocurrency payment service is available along with those old payment systems we should compare them as providing some sort of feedback between both.

Free Speech my friend

The main reason why people tend to compare bitcoin with other payment methods is bitcoin has a big talk in terms of that, furthermore they wonder whether or not they should choose bitcoin or others. Making a comparison is kind of normal in crypto market, even all people have their our right to give their opinion, no one can prevent anyone from presenting their idea. Inherently everyone has their own point of view even just for the sake of doing it, we should respect the idea of one another.

Banks are only using our money to make more profits and i dont think thats quite fair since this means we dont anymore have freedom to do whatever we want with our own money. I think its time that people wake up and start realizing that banks dont care about their users and the only thing they care about is their money.

Comparing BTC to other modes of payments is common for the reason that we can use BTC to send and receive payments as well. And it's through comparing that we can figure out each of their advantages and disadvantages. I am not disregarding the fact that BTC is something totally different. It's decentralized and doesn't involve any third party. I just wanted to point out their similarity, which mainly explains why there is a comparison to begin with.

for other online methods, the path is almost the same, only bitcoin does not involve third parties. it makes peer to peer transactions, and makes anonymous and smaller bitcoins likely to be fooled.

Well i think there is a reason why crypto enthusiasts make the comparison between BTC and other payment methods. Bitcoin is very slow when used to make payment unlike that of Visa, Master card and all the other electronic payments. Crypto enthusiasts wish to see bitcoin transactions also being fast if we ever dream of bitcion being used globally for making payments.

Even after 10 years of Btc lunch still, we are seeing comparing BTC with every new payment processor this kind of comparison will confuse new investors even though this comparison will lead no competition for btc in near future

wrong. if you don't compare bitcoin with other payment processors new investors have no idea why they should invest in btc... if he/she has no idea why bitcoin is better than other ones. if you don't see any benefit of investing and why btc will increase in value in the future, why should you invest? Makes absolutely no sense.

Correct me if I am wrong but if you go and read Bitcoin whitepaper then you can compare Bitcoin to other payment methods and Bitcoin sucks. But you talk about decentralization and other aspects of bitcoin, so then it is more than a new payment method, it is a revolution one cannot compare to visa...

You had a point but everyone have an own opinion about this new form of payment(bitcoin) method, we have a freedom of speech so we do not avoid to all people what they want to tell their own views and opinion for the comparison between bitcoin and any other kind of payment method use of each people as their choice.

Right. Comparing the payment method of BTC with other payment is normal. In my opinion, this is stimulation or driver of the progress of BTC itself and so that everyone knows about the advantages of BTC. With the advent of this comparison, many of the merchants and retail and online shops and even coffee shops will be tempted to applying the BTC payment method.

If Bitcoin is used as a payment method then is kind of normal that is compared to orher payment method, that is inevitable. People like to know what are advantages as well as disadvantages and quality comparison could give you some good results and guidelines.
I doubt that this will attract merchants to implement Bitcoin as a payment method because for them Bitcoin still has a lot of issues and that is the reason why is not more adopted by businesses.

They even love comparing Bitcoin to irrelevant things. Seriously, i don’t understand why they keep doing these useless comparisons. Bitcoin is still new thing for many people and it’ll take some time it to settle.

No we should not stop comparating other payments methods with BTC because it's becoming a thing nowadays.
It's just a matter of time till we realize how important is to have BTC as another payment method.

Both BTC and trivial payment methods use FIAT to get something in return so why shouldn't we be comparing? Both have fees so yet again why shouldn't we? ::)
Think again and you will understand why on continuing discussing this statements.

To compare bitcoin with Visa it seems to me there is no sense.According to the author of the post Visa began work in 1974,but bitcoin is only 10 years old and it shows unprecedented success.No financial company can boast of such success.After 10 years, bitcoin will become even more successful and it will be used by billions of people.This is guaranteed and inevitable.