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Author Topic: Why would customers use Bitcoins?  (Read 133882 times)
Gaswuwade
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September 02, 2016, 02:34:59 PM
 #1301

CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
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September 02, 2016, 03:00:11 PM
 #1302

CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
of course credit cards are not free at all thats why i dont like them that much, in my opinion bitcoins should have as low fees only as possible
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September 02, 2016, 03:04:39 PM
 #1303

CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.
of course credit cards are not free at all thats why i dont like them that much, in my opinion bitcoins should have as low fees only as possible

In my country there is no annual fees on credit card they charge you fees only if you miss the payment date, and that charges are too high, but if you pay on time then I think credit card is still the best.
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September 02, 2016, 03:07:21 PM
 #1304

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.
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September 02, 2016, 03:09:58 PM
 #1305

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.

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September 02, 2016, 03:15:24 PM
 #1306

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.
so true . bitcoin advantage is the privacy guarantees. bitcoin does not provide any other information to third parties. we can be more comfortable in various transactions.

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September 02, 2016, 03:19:36 PM
 #1307

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.

If exchange to exchange transaction or using for physical stores it is totally anonymous.

But if you will use to purchase online goods or products from famous online merchants that needs an account you have to give your personal information.
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September 02, 2016, 03:23:18 PM
 #1308

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.

If exchange to exchange transaction or using for physical stores it is totally anonymous.

But if you will use to purchase online goods or products from famous online merchants that needs an account you have to give your personal information.

You are right here but even in such case I will still use bitcoin payment option.
Why?
First, I have available bTC funds in my wallet which I can spend.
Second, it's very fast, simple and secure way to pay in this way.
Third, in such way Bitcoin will become more popular and more ''big'' merchants will accept Bitcoin and we will eventually become mainstream.
I don't have problem to share my private info with trusted merchants.




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Achargeturry78
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September 02, 2016, 03:28:07 PM
 #1309

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?
Well people or customer should choose bitcoin because it easier to use than the banks for me or credits card because sometimes bitcoin has no fee where you can send it freely and if this gonna happen for sure some supermarkets are going to accept bitcoin as a payment 100% will happen
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September 02, 2016, 03:30:51 PM
 #1310

I see less reason to use it in retail for example, but more reason to use it as store of value.
Hoever it has great usage cases in retail also Smiley, so Bitcoin FTW overall.
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September 02, 2016, 03:51:41 PM
 #1311

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.

A lot of people were mentioning privacy, not anonymity, there is a difference between the two. Also the BTC transactions are public so anyone can track it if they have the relevant information. It's losing his "decentralization" due to ASICs.

Why would a customer use Bitcoins? Because certain things can only be bought with bitcoin  Grin
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September 02, 2016, 03:57:51 PM
 #1312

Bitcoin may be anonymous but it certainly isn't private. It's easily tracked unless you launder your coins.

You have just made a reason why customers should not use it.  Anyway, it is still private than credit cards from banks where you provide all your information.

If exchange to exchange transaction or using for physical stores it is totally anonymous.

But if you will use to purchase online goods or products from famous online merchants that needs an account you have to give your personal information.

You are right here but even in such case I will still use bitcoin payment option.
Why?
First, I have available bTC funds in my wallet which I can spend.
Second, it's very fast, simple and secure way to pay in this way.
Third, in such way Bitcoin will become more popular and more ''big'' merchants will accept Bitcoin and we will eventually become mainstream.
I don't have problem to share my private info with trusted merchants.

Yes just clarifying things about privacy since big merchants like Amazon, Steam, Ebay needs an account so personal information is really necessary even we use bitcoin as payment method.

And yes I don't have a problem too about giving my personal infos since I think it's not to the point that it will bring harm on our side especially if the merchant is really trusted for years. Also big merchants really needs to at least known our info so that if fraud will happen they can track the transaction for reference.
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September 02, 2016, 05:11:19 PM
Last edit: September 03, 2016, 08:28:31 AM by lakisis
 #1313

because bitcoin is very stronger and secure currency and bitcoin is really available in everywhere in corner of the world and bitcoin is very good currency for online shopping .
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September 02, 2016, 05:46:07 PM
 #1314

Bitcoin can be accessed from your phone or laptop and you can easly send any amount of coins to anywhere in the world instantly but banks can not do that we can not access bank from phone and we can not transfer any amoun5 there is a limit and if we send outside the country then we have to pay heavy tax and it will take much time too

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September 02, 2016, 05:50:28 PM
 #1315

Bitcoin is much safer, much stronger and much more secure. You can get your credit card copied. On top of that, the transaction fee is literally nothing and stores would love it becouse you will be unable to get refunds.
I think bitcoin still not succesful in protection from their costumers unlike in paypal if we compare this two it will more safier to choose in  paypal because if you buy product online it can help you to reverse the payment once you receive a wrong product..

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September 02, 2016, 05:52:57 PM
 #1316

Bitcoin is much safer, much stronger and much more secure. You can get your credit card copied. On top of that, the transaction fee is literally nothing and stores would love it becouse you will be unable to get refunds.
I think bitcoin still not succesful in protection from their costumers unlike in paypal if we compare this two it will more safier to choose in  paypal because if you buy product online it can help you to reverse the payment once you receive a wrong product..

Exactly and that is the reason more people prefer to use Paypal in compare to bitcoin as bitcoin transactions are irreversible and once payment gone from your wallet is gone forever.
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September 02, 2016, 07:58:36 PM
 #1317

For me it is one of the best currencies for the customers, if not the best. Some of the reasons are that bitcoin provides another alternative, to be used as payment method, in a fast way and it also has low fees, helping the customers to save some money.
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September 02, 2016, 08:07:04 PM
 #1318

People will use it cause blockchain is technology, and people will have more faith in technology then in old system where old people from governments, banks, and other corporations run their lives, or to say our lives.
I think it's time for new system and new management, and I think many people agree with me about this. Bitcoin can offer something that we haven't before, new monetary system. Cause we all know that world is controlled with money. Bitcoin just needs to survive long enough for people to notice true potential of blockchain. Good luck to us!



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Rainbot
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0day
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September 02, 2016, 10:01:30 PM
 #1319

CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.

Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.

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Shibashi Dogemoto
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September 02, 2016, 10:03:42 PM
 #1320

CreditCards aren't that "free" you pay interest on long-term, with Bitcoin you just pay an initial voluntary fee and that's it, I think this is pretty fair in itself, Also bitcoin offers many other advantages like having no-strings-attached payments, no documents or personal linkage to your purchases and account in most cases.

Some people thnk that they are paying with credit card and they totally ignore the fees they pay to their bank from where they get the credit card, at the time of purchase we do not pay any fees with credit card but at that we pay different types of fees at different stages to the bank.

But I still feel that credit card transactions goes hassle free and it is very convenient to use as it is accepted everywhere online as well as offline and people are used to it.
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