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Author Topic: Future Applications for Bitcoin  (Read 765 times)
SONG GEET
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August 19, 2017, 05:08:18 AM
 #21

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.

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August 19, 2017, 05:16:53 AM
 #22

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.

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August 19, 2017, 05:24:07 AM
 #23

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.




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August 19, 2017, 05:34:45 AM
 #24

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.

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August 19, 2017, 06:12:51 AM
 #25

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

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August 19, 2017, 06:41:50 AM
 #26

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?
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. 

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August 19, 2017, 06:54:19 AM
 #27

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?
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.


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.

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August 19, 2017, 07:54:50 PM
 #28

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

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.



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August 19, 2017, 08:02:44 PM
 #29

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.

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August 19, 2017, 08:10:01 PM
 #30

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

                                 
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Slark
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August 19, 2017, 08:18:13 PM
 #31

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.

dongosquad
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August 20, 2017, 12:08:19 AM
 #32

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.

nrvasquez
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August 20, 2017, 01:02:02 AM
 #33

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.


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igehhh
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August 20, 2017, 03:08:53 AM
 #34

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

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August 20, 2017, 03:20:35 AM
 #35

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?
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.

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Darker45
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August 20, 2017, 03:28:46 AM
 #36

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?

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.

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Nissan-GTR
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August 20, 2017, 04:25:51 AM
 #37

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?

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.

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August 20, 2017, 05:58:45 AM
 #38

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

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