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Webberson
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April 13, 2018, 07:47:42 AM |
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I believe someday, bitcoin would be used as a payment system. But as for now, i don't see it happening, because bitcoin as a virtual currency, has not been widely accepted and used by the general public. Until when such challenges have been resolved, it may be used as an alternative mode of payment.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Prameda Mendis
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April 13, 2018, 08:03:48 AM |
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According to my viewpoint bitcoin is the strongest cryptocoin in the cryptocurrency market. But however the initial concept was much different than what going on now. Specially the way that investors using bitcoin is much advance. My perception about bitcoin is, It as a good investment method. As a example, In 2015 I entered to this interesting crypto world. In that time Bitcoin was less than 1000$. But now, If I invest my funds in bitcoin, I might get over 300% profit from that. We all know about this. On the other hand, there are lots of alt-coins to use as a payment method. So why do people use bitcoin as a payment method rather than investing it for 100% profit.
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weblouartisan
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Lets Go Adab
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April 13, 2018, 08:16:46 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 is really good as a payment method because in this way we can have faster transactions and the price will be cheaper than usual since bitcoins is volatile, there are big companies like amazon that is allowing bitcoins as their mode of payment and hopefully everyone will apply the same way. |
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@Mhaiang
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W12 – Blockchain protocol
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April 13, 2018, 08:26:32 AM |
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That is what exactly the purpose of bitcoin and the digital currencies. To make the payment system more reliable, fast, and cheap. I can't really imagine why other countries look at it as a disadvantage to them.
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tera linh
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April 13, 2018, 08:29:53 AM |
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In my opinion Bitcoin will be used as a method of payment in the future because user do not need to register. The only thing you need is a secret number to receive bitcoin. It is much easier than other payment methods.
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isyot12345
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April 13, 2018, 08:36:48 AM |
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That is what exactly the purpose of bitcoin and the digital currencies. To make the payment system more reliable, fast, and cheap. I can't really imagine why other countries look at it as a disadvantage to them.
It's very nice and good when that BTC will as pay for system. many people will happy to this when it all countries accept them as payment. but when are time can accept them. hoping that all countries will accept them that all people will pay any transaction with no transaction fees. espicialy in my countries in phillipines. many people are waiting for that. |
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chard lie
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April 13, 2018, 08:39:39 AM |
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I am sure in the future Bitcoin in addition to being an investment asset but can also be a means of payment in everyday life. Hopefully, all our dreams can come true.
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gbenga88
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April 13, 2018, 08:42:09 AM |
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Using Bitcoin as a payment option is a good one. Also while looking at this, the volatility of cryptos should also be considered as the prices can rise to the moon and also fall into the valley.
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ChConcept
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The Experience Layer of the Decentralized Internet
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April 13, 2018, 08:43:19 AM |
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I think Bitcoin as a payment system is a great innovation, it is very secured, fast and easy to use. You can complete a transaction to and from where ever you are, in your own convenient time and medium. When it comes to Bitcoin as an asset, it is also doing great, I believe that it has been and still is giving means to people to earn great amount of profit from trading and investing on it. Big help to a lot of people.
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demsybtc
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April 13, 2018, 08:48:01 AM |
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As the demand and popularity of bitcoins are kept increasing, i believe someday bitcoin would be used as a payment gateway. Anyway, there is still a lot of work to do with bitcoin payment system as it is uncontrolled currently. In addition, the transaction time is too slow and the fees are too high now. Once bitcoin become stable and controllable in future, it deserves to be recognize as a currency as of my opinion.
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Adegokemufu
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April 13, 2018, 11:17:58 AM |
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Well, using bitcoin as a payment system is happening already .although I'm new to bitcoin but i heard that from a friend.
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Mariadelan25
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April 13, 2018, 11:36:23 AM |
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We can earn easily through Bitcoin. just joining in some campaign. changing of bitcoin trough money will be easy and accessible to the bitcoin holders. it will be a good innovation it will happen. future with bitcoin Begin with a small and down into a huge development and progress. Bitcoin using as payment system is really really good.
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Mr.Anonymous
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April 13, 2018, 03:40:41 PM |
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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 is really good as a payment method because in this way we can have faster transactions and the price will be cheaper than usual since bitcoins is volatile, there are big companies like amazon that is allowing bitcoins as their mode of payment and hopefully everyone will apply the same way. As far as I know, Amazon still do not accept Bitcoin as a payment method for their services. I just know Microsoft used cryptocurrency as a payment method for their products. But recently, they have many changes about the rates and the total numbers of crypto they support to use for payment. |
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sk700
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April 13, 2018, 03:48:59 PM |
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may be one day bitcoin will be a way of payment system of all classes of jobs. bitcoin payments system is very much effective and easy way of transferring money.
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Mersterious
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April 13, 2018, 03:51:38 PM |
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in my own idea this is will be a huge milestone for each company accepting bitcoin as payments is much more easier than cash we just have to scan and wait for a moment to get the transaction done in a minute.
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warkop121
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April 13, 2018, 03:58:35 PM |
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I think Bitcoin will apply as a payment method. Many people focus on the price of Bitcoin, but Bitcoin is still a good technology. This is the best system out there for payment transactions and storing value (in other words, currency). There are many benefits of using Bitcoin as a payment system. This article will discuss the benefits for buyers and merchants to use Bitcoin as a payment system, and it will also discuss escrow services, Bitcoin's future in trading, potential losses, and a summary of its benefits.
Bitcoin offers many advantages over traditional banks. This enables international payment delivery regardless of currency conversion, it allows the confirmation of the transaction within 10 minutes normally, and the transaction can not be reversed once created. This side can be seen as positive or negative.
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B{o}T
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April 13, 2018, 04:10:09 PM |
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It's is very helpful for any transactions especy for flight fair and it has a benefits will be given to the other that no need to in cash their money for big amount of money needed.
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saedasda
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April 13, 2018, 04:12:20 PM |
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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? I think they will use bitcoin every single store in the future but some people use bitcoin as a investment not a daily use. |
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GoodLuck2
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April 13, 2018, 04:30:28 PM |
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Bitcoin is a bit difficult to accept as a payment system for nowadays because this system has some disadvantages but I can not say the same things for the future
There are numerous uses of Bitcoin each depends on the Business model and the software sophisticated nature of a company. Bitcoin as a mode of payment is a very simple idea but in the mean time, it is a very disruptive idea which will be sufficient to give a blow to the conventional mode of payment and transaction. This means that in the future, Bitcoin would be a coin of magic with many advantages unfolded. |
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Gudhal Untu
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April 13, 2018, 04:40:36 PM |
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The thing that makes everyone happy to use bitcoin as payment system is faster and cheaper when compared to using bank services, even now web wallet users like blockchain, Xapo or others can send bitcoins for no more than $ 1.
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