Bitcoin as payment system

[Siren]

Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin

In my opinioin in coming 2018 bitcoin it will bring us a huge growth of bitcoin. Because of the demand and popularity. Bitcoin value is getting up in the future many of the investor will gain in high profit.

Well that is what we are all been waiting for. However with the high cost of fees and slow confirmation times. Bitcoin can't be used as payment system. The more the price goes up, the more it can't really be mass adopted because no one can really afford the high price.

Of course it will grow in 2018 as investments, everyone will gain profit, I mean huge profit, but regarding as mode of payment? I don't see it happening unless scalability is solved.

[1715234425]

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[1715234425]

1715234425

[charlie137]

Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin

In my opinioin in coming 2018 bitcoin it will bring us a huge growth of bitcoin. Because of the demand and popularity. Bitcoin value is getting up in the future many of the investor will gain in high profit.

Well that is what we are all been waiting for. However with the high cost of fees and slow confirmation times. Bitcoin can't be used as payment system. The more the price goes up, the more it can't really be mass adopted because no one can really afford the high price.

Of course it will grow in 2018 as investments, everyone will gain profit, I mean huge profit, but regarding as mode of payment? I don't see it happening unless scalability is solved.

its already more like an investment coin than payment system. even bch's fees are already over the limit of what you would pay daily in regular amount of txs. even $100k by the end of pow looks a little small

[gundala]

The only way that bitcoin could be considered as a "real" payment system and almost accepted by almost all the merchants all over the world, is just if the fees are lowered.
Who is going to use bitcoin to pay more than forty dollar just for a single transaction? How are you going to buy a coca cola and a burger with a few of forty dollars?

yes, therefore bitcoin is not currently effective for micro payment due to large transaction fees. if the issue of transaction fee can be overcome, bitcoin can be a very effective alternative payment in the future.

[naily]

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?

yes as one good investment in addition to gold, bitcoin can also be an online payment tool for now, and it can be done in the country if they have legalized bitcoin currency

[railsinvoices]

Bitcoin is a great currency to use online for transaction here to be done. In addition to what you’re saying, there is less probability this is a bursting bubble. It even turns out that bitcoin will grow much bigger and more stable.

[gourish]

There are 3 main differences:

Decentralization
Decentralization
Decentralization
And some other minor differences.

“Decentralization” is a word most people don’t use every day, so they may not immediately get what it’s about, which is a shame. But you can’t even begin to understand the what and why of Bitcoin without understanding decentralization.

Quora credits are controlled by Quora. They are at complete liberty to issue and manage the currency however they want. If they want to inflate and depreciate it they can. If they want to impose restrictions they can. If they want to charge fees they can. If the Quora servers go down, Quora credits can’t be used. If something happens to Quora, bye bye Quora credits.

L$ are controlled by Linden Lab.

WoW gold is controlled by Blizzard.

PayPal$ are controlled by PayPal (and by US authorities, who control the US$ on which PayPal$ is based).

Bitcoin is decentralized. It is not controlled by any single entity, but by a p2p network using a shared protocol, to which anyone can join.

This fundamental property is what allows all the other features and advantages Bitcoin has, which you can go on and study now that you understand the root cause of it all.

[moamin77]

In my opinion, it's currently used as an investment method more than a 'payment' currency...maybe that will change (hopefully soon) with lowering the Tx fees and speeding up Txs.
That said; I always believe it's not a bubble....its value will keep on rocketing to the moon (and maybe beyond)  

[Requim]

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?

This is not actually a bad idea come to think of it. I think it is about time that we revolutionize the mode of payment in the world. We should move forward and innovate the FIAT system that we are comfortable with. I mean we learned to accept credit cards, right?

[Prettyme]

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?

If it is recognized and accept by the government of every country then bitcoin will use as a means of payment. So acceptance is a great factor to make bitcoin as a means of payment system.

[TIDOVEE]

for most bitcoin users, we would not mind if bitcoin becomes the universal transaction medium because we are already used to it and we are enjoying it,but for those who has never been using it may find it difficult.
Secondly,I don't think that will be feasible any time soon than the way its spreading steadily. Not everyone would be able to use this bitcoin if only it comes as note or coin.

[budz0425]

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?

This is not actually a bad idea come to think of it. I think it is about time that we revolutionize the mode of payment in the world. We should move forward and innovate the FIAT system that we are comfortable with. I mean we learned to accept credit cards, right?

I hope that the government will think of that the way we are thinking on it, we all know that bitcoin really is a good source of income for all of us since everyone can be an investors with a small capital to start up depending on the capability of one person, and I know that, that is the vision of the inventor to use bitcoin in investment and with any transactions.

[googlebtc]

the benefits of using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to use Bitcoin as a payment system, and will also discuss escrow services, Bitcoin's future in trading, potential losses, and a summary of its benefits.

[Liquid01]

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 bitcoin is used as an alternative payment tool because it is not possible bitcoin the first transaction tool that replaces the money from each country, the japan state already apply it with all countries is not possible
 

[Creepings]

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?

yes as one good investment in addition to gold, bitcoin can also be an online payment tool for now, and it can be done in the country if they have legalized bitcoin currency

Not all country that do not legalize bitcoin doesn't mean that they can't use bitcoin as a way paying someone unless it is banned in their country. The thing about bitcoin is that it is aimed to be an online payment tool but it is not ready for that way of using. Bitcoin is not ready to be used with a lot of users and as you can see the network is having a congestion for a long time now.

[Jombitt]

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 want bitcoin to be one of the main payment system to be used worldwide. If goverment can put tax to bitcoin to make it legally to use in every country. Hopefully they fix some problem of bitcoin that are facing right now like the high transaction fees and the time of being confirmed.

[Wagako]

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 the strongest cryptocurrency and many countries accept bitcoin as a means of payment therefore someday somehow bitcoin will be accepted by different countries.

[Nana99]

it would be grat if Bitcoin accepted everywhere as payment system.

[rhenrhen]

Seemingly, bitcoin will prevail in the future in my own opinion. This is a very much easier, more convenient and efficient type of payment system so I think many people will go into this.

[joan26]

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?

If it comes the national Payment system, that's great that's a big future of bitcoins if ever. That's convenient for us who already used it. At the same time we are earning when bitcoins is going up high. But of course there are disadvantaged side of it.

[Baikalika Team]

I think bitcoin will stay like a big coin and some altcoins will be on the top also as paying methods. This is the new era of cryptocurrency and bitrcoin wouldn't be alone on this way.