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Author Topic: Payment tokens are the past not the future of crypto  (Read 97 times)
cohens714 (OP)
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April 01, 2018, 07:28:25 PM
 #1

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined?  That's only trillions worth of value right there.  I completely understand the previous logic that real time payments was the key to success but that was yesterday's crypto.  Look at all the real solutions coming out for Supply Chain, AI, Healthcare, Big Data, Real Estate, and so much more.  We don't need to take out a crypto debit card for this to all be wildly successful.  For this reason I am not interested in any coin that's sole purpose is payments.  LTC is a good example of a stay away for me.  I don't see a future for any crypto who's sole purpose is payment at this point.  The only caveat is getting the unbanked using crypto for low fee transactions which is a real need but I also think the solutions for that market are radically different then options we have today.  What do you think?
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April 01, 2018, 07:36:35 PM
 #2

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined?  That's only trillions worth of value right there.  I completely understand the previous logic that real time payments was the key to success but that was yesterday's crypto.  Look at all the real solutions coming out for Supply Chain, AI, Healthcare, Big Data, Real Estate, and so much more.  We don't need to take out a crypto debit card for this to all be wildly successful.  For this reason I am not interested in any coin that's sole purpose is payments.  LTC is a good example of a stay away for me.  I don't see a future for any crypto who's sole purpose is payment at this point.  The only caveat is getting the unbanked using crypto for low fee transactions which is a real need but I also think the solutions for that market are radically different then options we have today.  What do you think?


When the all cryptocurrencies falling out in the market now tokens rate also becoming cheap. I feel this price is the reason for all to think cryptos and tokens is not for the future market dude. If you do not have interest on making payment with cryptos means you are well enough to make the payment for international payment or you do not have friends or relations in the up-broad to get the money without the interruption of exchange fees.

With in some years we will find the bank implement the crypto payment option or banks may vanished out in one type of sole payment. Please read the legalization notice for the various countries. That make you understand about the cryptos future.
cohens714 (OP)
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April 01, 2018, 07:55:43 PM
 #3

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined?  That's only trillions worth of value right there.  I completely understand the previous logic that real time payments was the key to success but that was yesterday's crypto.  Look at all the real solutions coming out for Supply Chain, AI, Healthcare, Big Data, Real Estate, and so much more.  We don't need to take out a crypto debit card for this to all be wildly successful.  For this reason I am not interested in any coin that's sole purpose is payments.  LTC is a good example of a stay away for me.  I don't see a future for any crypto who's sole purpose is payment at this point.  The only caveat is getting the unbanked using crypto for low fee transactions which is a real need but I also think the solutions for that market are radically different then options we have today.  What do you think?


When the all cryptocurrencies falling out in the market now tokens rate also becoming cheap. I feel this price is the reason for all to think cryptos and tokens is not for the future market dude. If you do not have interest on making payment with cryptos means you are well enough to make the payment for international payment or you do not have friends or relations in the up-broad to get the money without the interruption of exchange fees.

With in some years we will find the bank implement the crypto payment option or banks may vanished out in one type of sole payment. Please read the legalization notice for the various countries. That make you understand about the cryptos future.

I think you are missing my point a bit.  You can easily transact now with crypto but it's not real-time.  Your example can easily be accomplished today with low fees.  I can send you BTC right now for a low fee and it won't take that long.  That's good enough for almost all use cases minus the need for an immediate real-time payment transaction.
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April 01, 2018, 08:00:10 PM
 #4

One of the greatest usecase of Crypto is the means of exchange and ease of moving wealth around and all these other usecases you are pointing tojust come in because people want to space and raise funds using the name blockchains because they believe it will appeal to people. I still believe its applications is very tied to payment platforms


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leea-1334
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April 01, 2018, 08:46:39 PM
 #5

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined?  That's only trillions worth of value right there.  I completely understand the previous logic that real time payments was the key to success but that was yesterday's crypto.  Look at all the real solutions coming out for Supply Chain, AI, Healthcare, Big Data, Real Estate, and so much more.  We don't need to take out a crypto debit card for this to all be wildly successful.  For this reason I am not interested in any coin that's sole purpose is payments.  LTC is a good example of a stay away for me.  I don't see a future for any crypto who's sole purpose is payment at this point.  The only caveat is getting the unbanked using crypto for low fee transactions which is a real need but I also think the solutions for that market are radically different then options we have today.  What do you think?


But, dude. You are talking about real solutions but you do not think that these utility tokens are not solutions to problems. They are creating problems and then giving solutions.

If you truly believe in what you say, then you see that blockchain systems are the efficient solutions to industries you mention,,, but you do not need the addition of token economy! You can just create the blockchain and keep payments to existing crypto or even existing fiat.

Crypto was created as payment (therefor currency). All those bloody utility tokens are just,,, tokens. They were not needed, but people had to make money, so they created them. Lots of real world uses for blockchain like you said, and already lots implemented. But tokens never needed.

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April 01, 2018, 08:48:49 PM
 #6

Maybe payments isn't the main point of crypto, but for sure they need to be liquid and stay connected with the financial system.

Mahanton
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April 01, 2018, 08:57:55 PM
 #7

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined?  That's only trillions worth of value right there.  I completely understand the previous logic that real time payments was the key to success but that was yesterday's crypto.  Look at all the real solutions coming out for Supply Chain, AI, Healthcare, Big Data, Real Estate, and so much more.  We don't need to take out a crypto debit card for this to all be wildly successful.  For this reason I am not interested in any coin that's sole purpose is payments.  LTC is a good example of a stay away for me.  I don't see a future for any crypto who's sole purpose is payment at this point.  The only caveat is getting the unbanked using crypto for low fee transactions which is a real need but I also think the solutions for that market are radically different then options we have today.  What do you think?


When the all cryptocurrencies falling out in the market now tokens rate also becoming cheap. I feel this price is the reason for all to think cryptos and tokens is not for the future market dude. If you do not have interest on making payment with cryptos means you are well enough to make the payment for international payment or you do not have friends or relations in the up-broad to get the money without the interruption of exchange fees.

With in some years we will find the bank implement the crypto payment option or banks may vanished out in one type of sole payment. Please read the legalization notice for the various countries. That make you understand about the cryptos future.
Hes just closed minded when it comes to further developments or potential of cryptos thats why he dont actually minding into its actual usage.I do see some points but those are just based for personal reasons but in overall speaking there would be still a  huge space for crypto to develop. Sending out money or p2p transactions might be common or traditional but we do really love or like to see some innovation which would be different from traditional ways and crypto would really be the best option even though some projects are already useless or just repeating.

R


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April 01, 2018, 09:00:09 PM
 #8

why not the future ?

if crypto is future payment mode , then we will see their real use as payment .
and not necessary only btc will be currency ,
every coin can be used as currency as long as it is trustworthy .
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April 01, 2018, 09:15:21 PM
 #9

The success of blockchain and cryptocurrencies isn't tied to payments. I keep seeing people post that we need to be able to buy everyday items for crypto to "make it" and I couldn't disagree more.  Why do I need to make a real time purchase for BTC to be a success?  What if BTC is really my savings and investment account combined? 

It is hard to base savings on an asset without any inherent value, and inherent value of Bitcoin and other cryptos is, well, ability to make payments.
Hence in order to be able to use it for savings - using it as a payment tool should come first.

Currently, Bitcoin is in a bubble since the financial value exceeds its inherent value by far.


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