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johnrickdalaygon
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December 07, 2017, 02:56:29 AM |
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We do not sure! But i guess bitcoin has a future to be the first virtual payment system because it is easy to use and the transactions is so easy to handle. In these past years the users of the bitcoin is increasing rapidly that is why we predict the bitcoin will be the future virtual payment system.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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BTCeminjas
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Activity: 322
Merit: 23
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December 07, 2017, 02:58:00 AM |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  And how do you see it's future? Wel!, bitcoin now focusing on being profitable by its way, what I mean is even though bitcoin delayed for each transaction but the price was rapidly going high. Bitcoin using payment system I think it take more improvement to do some transaction in bitcoin. But still bitcoin now is good to invest and more profitable for the future. |
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jpoker272727
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Activity: 1137
Merit: 1000
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December 07, 2017, 06:15:40 AM |
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Investing in bitcoin really brings a lot of profit, but for bitcoin to become a popular payment method. I think the bitcoin needs to be modified. Many bitcoin deals are suitable for large transactions that are not suitable for small transactions. In the future I think there should be bitcoin tags. People can use it for their small payments
Yeah that will more fascination to the people and this will circulate bitcoin to the every corner of world and maybe more people will attract to the bitcoin because this thing will give them a chance to get rid of insecurity about the cash money and bitcoin is totally secure and there is no threat in using it and payment will be accepted in bitcoin will bring a lot of profit because its prices are increasing day by day and that good. |
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BossMacko
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December 07, 2017, 06:19:26 AM |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day? And how do you see it's future? Time will tell what will happen to Bitcoin, But as of now in some countries it is being used as a payment method thou its not world wide but soon it will be. But as of now it is better to hold Bitcoin because of the price rapidly going up than using it to pay for something. |
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michellee
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December 07, 2017, 06:27:44 AM |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day? And how do you see it's future? Time will tell what will happen to Bitcoin, But as of now in some countries it is being used as a payment method thou its not world wide but soon it will be. But as of now it is better to hold Bitcoin because of the price rapidly going up than using it to pay for something. yes, I agree with you. there are many things that we need to do before we can use bitcoin as a payment method and if the government wants to apply bitcoin as a new payment method, they will need to prepare everything including to integrate their system with the blockchain. once this could be solved then we can use bitcoin as a payment system. |
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Ian Dave
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Activity: 183
Merit: 10
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December 07, 2017, 06:29:05 AM |
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Yes, it's nice that Bitcoin will become a payment system if we buy a product there is no any hassle you can pay through online. Bitcoin has a big value so that you can get here a big money. But we cannot predict what's going to happen in the future. As of now, we are grateful that we enter here.
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katrimans
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December 07, 2017, 06:45:03 AM |
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Most people who use Bitcoin certainly have not used Bitcoin as their payment method. I did most of the payment work with Bitcoin, even paying for mobile phone look with Bitcoin. But I ended this habit because the price of Bitcoin was so volatile.
Haha! Yep this is the reason why people have stop using bitcoin as mode of payments. Bitcoin is madly and unexpectedly increasing too much in value now a days and using bitcoin for payments will kick you out of that group of bitcoiners who are about to enjoy large profits with bitcoin just because they are holding it for long time. Better treat bitcoin as an investment than as a method of clearing your bills. |
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DannaWonder
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December 07, 2017, 06:49:59 AM |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day? And how do you see it's future? Bitcoin may be used as a payment method for future expenses but it still has a long way to be there. I don't think that bitcoin is a bubble that will blow in the future, it already prove itself, all the negative things that happened to it resulted to a more positive price right after. |
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RavenHood
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December 07, 2017, 07:27:24 AM |
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In my opinion, that is the main aim of bitcoin become the very popular cryptocurrency and worldwide payment system. But on some issue, some countries are banning bitcoin. The acceptance of bitcoin is so low that it will be difficult to become a payment system. But some states and establishment are accepting it; I’m just looking forward to the future bitcoin will a worldwide payment system.
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abnoy
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Activity: 286
Merit: 100
Global Risk Exchange - gref.io
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December 07, 2017, 07:45:49 AM |
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i think that would be a good sign because bitcoin is popular in trading and investing that would very easy access if bitcoin as payment system
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Pain Packer
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December 07, 2017, 07:55:51 AM |
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It will be so convenient if the transaction fees are fix because it is bleeding the payment. Instead of a better transaction payment, there is transaction fees that is so big that it is more convenient to use cash in payment.
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cryptokitty
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Activity: 420
Merit: 100
Global Blockchain Solution For Transportation
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December 07, 2017, 07:56:12 AM |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day? And how do you see it's future? Using it as a payment system is very much possible to happen, with today's bitcoin demand and the fast increasing price of bitcoin, theres a great chance of using it as a payment system. |
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Zastria
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December 07, 2017, 08:00:07 AM |
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I think bitcoin will not be able to replace conventional money in a country, bitcoin will be a means of payment on the internet such as online shopping or taxy online etc. I think bitcoin will still exist and become the needs of people in the future
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cryptonoob312
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December 07, 2017, 08:02:18 AM |
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It not a payment system at all. It's kinda asset like gold. Infrastructure and legalization is needed to become a currency or payment system.
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shark69
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December 07, 2017, 08:20:35 AM |
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I'm not entirely sure about that. because not all countries can accept bitcoin. if bitcoin can be received by many countries, then bitcoin can be a payment system
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krulviper
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December 07, 2017, 08:44:08 AM |
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the circulation of bitcoin is illegal, because it is not reachable by the central bank, i think that will make it hard to use bitcoin as payment system at country.
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digaran
Copper Member
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Activity: 1330
Merit: 899
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December 07, 2017, 09:07:31 AM |
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Coinpayments.net can be the best option for you if you have any online shop, it's like Paypal but people could pay with dozens of crypto currencies, Coinpayments could solve fluctuations of crypto currencies by converting the coins to fiat. if Paypal is charging you fees, Coinpayments will charge you as well but millions of people could buy your services, items. same people with no access to Paypal could be your clients.
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gunhell16
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December 07, 2017, 09:13:00 AM |
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i can usse bitcoin in paying my bills, electricity, water, phone, internet and cable even on my post paids..
and now as the company of mcdonalds releases a news that they will accept bitcoin in 2018 well that another way of using bitcoin as a payment oh! i forget, i can use bitcoin for online shoppings too ..
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saycryptohello
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Activity: 574
Merit: 11
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December 07, 2017, 09:17:26 AM |
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the circulation of bitcoin is illegal, because it is not reachable by the central bank, i think that will make it hard to use bitcoin as payment system at country.
Yes, illegal. It is really strange situation, because Government, Central banks know that people use bitcoin, but do nothing |
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digaran
Copper Member
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Activity: 1330
Merit: 899
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December 07, 2017, 02:48:17 PM |
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the circulation of bitcoin is illegal, because it is not reachable by the central bank, i think that will make it hard to use bitcoin as payment system at country.
Yes, illegal. It is really strange situation, because Government, Central banks know that people use bitcoin, but do nothing Bitcoin could be illegal in your countries, but it's not illegal where it matters. governments and central banks couldn't do anything even if they wanted to, they couldn't do anything to people using Bitcoin, they could buy all the circulating supply and own the market. Right now, no body is using Bitcoin, every single person is holding, I doubt if any body would use BTC to pay for anything online. |
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