Which will be more adopted in long run: btc mobile payments or debit cards?

[franky1]

debit cards for now, but there's something awesome in development by mycelium https://vimeo.com/145882339

really like the approach

Wow, see now that's awesome! Thanks for sharing! And yeah, it would be beneficial to not have a third party system that uses lets say visa. Hopefully more development will take place on this card. Any ETA on it's release date?

its a gimick, its not solving anything. these days everyone has a phone and a phone app can easily sign a tx 'offline' and push a signed tx to the internet..
its not solving bitcoin congestion of mass adoption.
plus also requiring multiple hubs eg 1 per town.. what financial benefit would anyone have to be a hub(full node)...

Well I guess I get what your saying. I just like the concept of the card in general though that uses a lot of security measures when someone tries to buy something with the card. But I see in multiple threads where people want a quicker side chain for faster micro transactions, why not just stick to the original Bitcoin protocol, use Bitcoin as assets, and allow visa to work as the Lightning network? I know they charge small fees, but there are bigger problems to face when the devs change the whole structure of bitcoins block chain in general.

Do you have a suggestion on how to fix this problem? I'm just more interested in how to attract local businesses to think about accepting Bitcoin, and the fact of the tx limit is not a very good selling point to any body.

"side chains" are just glamourised altcoins.. but as you 'hinted' visa could invent their own altcoin... seeing as many financial industry businesses are already looking into blockchain technology.. its a very big possibility that some of the "sidechains", i mean altcoins will be visa/mastercard operated..

i also think that bitcoin will be a fortknox type reserve asset currency like what gold use to be rather than a transaction ledger for average  joe. where each bank branch/business transacts offchain for customers. and then makes a batched payment compiling together all offchain payments into one single bitcoin transaction to represent movements from one service/country to another. (if bitcoin covers more than 3% world population usage)
swap offchain for bank notes and bitcoin for gold and you will understand my analogy to fortknox.

but at the end of the day. it will be these altcoins that banks hold for businesses, pay to staff and then tax to governments that people will end up using and bitcoin will fade into the background. only to be used/touched by the rich and powerful

also lightning network is just a buffer, its more about speedy transactions, and not about tx data reduction. once things are finally 'settled' / confirmed to the blockchain after channels are closed.

[countryfree]

I bet on debit cards as most stores right now would see them as safer because of the Visa/MC logo on them. Debit cards may also allow off-chain transactions, meaning faster payments. Everything could change in the future, but for the next 5 years, debit cards are the best option.

[nickaizoku]

I think mobile payment will be in long run. Its had low fees and instant payment.
With bitcoin debit card there will be alot of thing to do. Need to pay high fees and  to apply one need alot of personal detail.

[franky1]

I think mobile payment will be in long run. Its had low fees and instant payment.
With bitcoin debit card there will be alot of thing to do. Need to pay high fees and  to apply one need alot of personal detail.

whether its side chains, lightning, visa (fiat conversion) or visa's centralised altcoin... the future is going to be mobile devices..

even right now visa allows you to link your debit card to applepay so that you dont need to hold the plastic card in back pocket.
mobile apps will be the future. but which corporation/community app will be used most is still to be decided.

[croato]

For now i guess debit cards are good step to we have better adoption and daily use of our coins, but mobile payments are way better solution and future belongs to them in my opinion.

[ajun96]

I think both is better, now debit card was running, like bit x, coinocard and many other, i didnt hear mobile payments from btc, we need it

[BitcoinBud44]

Since debit cards are already adopted, isn't the answer BTC mobile payments by default?

[lockshop11]

I think both is better, now debit card was running, like bit x, coinocard and many other, i didnt hear mobile payments from btc, we need it

mobile payments should be like we install the bitcoin wallet in our phone and load bitcoin. The wallet holders just scan the payment QR code to directly send the bitcoin payment to the merchants' address. It is quick and easy.

[Sn0wMan]

However, if you supply an asset based debit card with Bitcoin that has a reliable debit system in place like visa or master card, then there will be the benefit of spending your bitcoins, along with fast micro transactions.

Doesn't that put a third party in the middle, add reversibility, and defeat the purpose of bitcoin?

we could say Bitcoin and debt card system are reliable and fast, but running on different concept of platform. Even bitcoin debt cards are arising recently, allowing your spending your bitcoin through debt card. The underlying platform processing the transactions at the time of purchase  is still the debt card system, the different is just to exchange bitcoin to fiat and load the fiat to the card for the spend.

[Amph]

Since debit cards are already adopted, isn't the answer BTC mobile payments by default?

he is talking about bitcoin debit cards not fiat debit cards, which cna have  point in soem place where paying directly with bitcoin via mobileis not feasible

[Blue_Tiger73]

I think that mobile payments will definitely be the payment of the future. We already do so much on our phones, so mobile payments will definitely be more adopted compared to debit cards. But debit cards are also convenient, I like mobile payments better though.

[coinsect]

I would say it totally depends on the situation or what type of good your are purchasing.

Bitcoin payment is surely convenient but unlike debit card, all dont accept it. and even in future why would people take the pain of accepting bitcoins when they want is fiat only which can be done with debit card. people wont take the effort to accept bitcoin and convert it to fiat

What do you mean "effort"? Accepting bitcoin payment is painless,  fast ,cross borders, no charge back risk. What you only need is to show our address to the senders. The payments processors will take care of all of the other things, cover the bitcoin to fiat, transfer to you bank.

[nizamcc]

As Bitcoin mobile payments look somewhat threatening to me being infected by malware and might getting our coins stolen, I would choose debit cards as an option here to be the best in long run.

[Stedsm]

I would say it totally depends on the situation or what type of good your are purchasing.

Bitcoin payment is surely convenient but unlike debit card, all dont accept it. and even in future why would people take the pain of accepting bitcoins when they want is fiat only which can be done with debit card. people wont take the effort to accept bitcoin and convert it to fiat

Why not? Why do you think that it's a pain?
If we will think it that way, we are ourselves devaluating the possibilities of Bitcoins being used worldwide, so talking anything else is far away from what we are talking currently.

[franky1]

I would say it totally depends on the situation or what type of good your are purchasing.

Bitcoin payment is surely convenient but unlike debit card, all dont accept it. and even in future why would people take the pain of accepting bitcoins when they want is fiat only which can be done with debit card. people wont take the effort to accept bitcoin and convert it to fiat

Why not? Why do you think that it's a pain?
If we will think it that way, we are ourselves devaluating the possibilities of Bitcoins being used worldwide, so talking anything else is far away from what we are talking currently.

Stedsm:
ignoring an issue wont help either, however.. read on..

aizzaku:
imagine coinbase, they have a merchant tool that shops can use to show a qr code to customers.. bitcoins are accepted.. and.. then the solution for you.. is coinbase converts it to fiat automatically and 'tops-up' the merchants debit card which coinbase already offers. thus the merchant has the fiat they need

[joinal]

maybe btc mobile partner, debitcard was hackneyed lol

[favdesu]

debit cards for now, but there's something awesome in development by mycelium https://vimeo.com/145882339

really like the approach

Wow, see now that's awesome! Thanks for sharing! And yeah, it would be beneficial to not have a third party system that uses lets say visa. Hopefully more development will take place on this card. Any ETA on it's release date?

its a gimick, its not solving anything. these days everyone has a phone and a phone app can easily sign a tx 'offline' and push a signed tx to the internet..
its not solving bitcoin congestion of mass adoption.
plus also requiring multiple hubs eg 1 per town.. what financial benefit would anyone have to be a hub(full node)...

did you even watch the video?

there are no "hubs" or "full nodes" required. a business just adds the proxy tool to their internet router and you can connect this card to it and pay the bill.

[Tstar]

If BTC is not going to fulfill the whole world transaction I do not see any problems in having a system that allows me to use my BTC thanks to a debit card: and this already exists.

[franky1]

debit cards for now, but there's something awesome in development by mycelium https://vimeo.com/145882339

really like the approach

Wow, see now that's awesome! Thanks for sharing! And yeah, it would be beneficial to not have a third party system that uses lets say visa. Hopefully more development will take place on this card. Any ETA on it's release date?

its a gimick, its not solving anything. these days everyone has a phone and a phone app can easily sign a tx 'offline' and push a signed tx to the internet..
its not solving bitcoin congestion of mass adoption.
plus also requiring multiple hubs eg 1 per town.. what financial benefit would anyone have to be a hub(full node)...

did you even watch the video?

there are no "hubs" or "full nodes" required. a business just adds the proxy tool to their internet router and you can connect this card to it and pay the bill.

2minutes 5 seconds:
"and tiny hubs and businesses"

by the way if the cards are to receive the tx data of the originating funds/get balance update. to be able to create a new signed tx.. they have to get the data from the "and tiny hubs and businesses" meaning these "and tiny hubs and businesses" will need to run a full node..

yes the gadget of the hub may be tiny... but that does not mean that full blockchain data wont be needed..

so next time watch a video more then once and then put the theory into practice to see what else would be needed and the reality of the situation.
dont take anything on face value, always investigate research theorize, poke and prod

the other part is that the video doesnt even talk about battery life or recharge times of a card. thus it proves the video is not telling the user everything.. apart from basic theory.

even the mobile network, blutooth, wifi all talk about long range from 100metres to 3 mile yet anyone actually using it will know that signal strength is not guaranteed (we have all had signal drops)... and dont get me even started about the requirement of having another bitcoin user in range aswell...

so with all that said about the limitations.. my point was less about the limitations and requirement of hubs/nodes/other card users.. but more so about that using these cards are no different then using a phone app.. whether its a phone that can sign a tx or a card or a trezor, or even a mathematical genius hand writing it.. the cards do not solve the blockchain bloat issue

[amacar2]

I think btc mobile payments is already started to get adopted and even i uses it a lot. But there is lots of obstacle bitcoin has to cross to get more adaption on debit cards and bitcoin ATM.