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Author Topic: Bitcoin as payment system  (Read 5963 times)
leite
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December 26, 2017, 08:51:27 PM
 #341

YES. IF the transaction of BTC to be in real-time/instantly and cheaper/cheaper/cheaper than proprietary Payment Systems!!!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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LETme
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December 26, 2017, 08:52:52 PM
 #342

As far as I know bitcoin is still growing I believe bitcoin become one of the good way to make transaction as a payment because it is more convenient as long we have internet connection and I know every person that they know about bitcoin are interested to earn and invest.Besides bitcoin has low transaction fee because of decentralized form.
jak3
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December 26, 2017, 09:03:15 PM
 #343

I do not think Bitcoin is going to go down so soon for me it is a good opportunity, if we consider Bitcoin as a gold then ofcourse Bitcoin is much more popular and violence then it and does not have any side effect. It is surely taking a long time but we have seen that banks have taken over our self we are literally became a slave of those huge money makers so I didn't see any wrong intention in Bitcoin system. Bitcoin is going to we live for like another 100 years because the mining Will Go On that will keep the network alive.
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December 26, 2017, 09:16:25 PM
 #344

With Bitcoin payment system it created a way that disallows payment reversal or chargebacks. A wallet has a set amount of money in it, and customers pay from their wallet to yours. Payments are a one-way only transaction, so you can't lose money due to stolen credit cards.
lyks15
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December 26, 2017, 11:49:48 PM
 #345

That's better if bitcoin can use as payment. It makes the transaction smooth and faster. You can buy and shop online without any hassle. But one disavdantage of using of it is value,all we know that bitcoin has a not consistent value  and I think product price's is affected. And one of disvantage of online transaction is you can encounter a boggus seller or a fake seller to get your bitcoin in a easy way. So when the time came that bitcoin can use as payment system make sure that your coin is safe and your transaction is well.

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teejaymuna
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December 27, 2017, 12:50:47 AM
 #346

bitcoin as a payment system is a welcomed idea, as this will make payment transactions alot easier. imagine paying for things at the comfort of your home with speed from any part of the world. bitcoin as payment system will change the way the world involves in transactions. it is a welcomed idea and i fully support it. hope the world adopts it soonest.
Renai0925
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December 27, 2017, 01:42:17 AM
 #347

There's really no way to say it with complete certain about the bitcoin's bubble, it's a fragile ticking time bomb for sure. Also, there are some countries out there already accepting cryptocurrencies as means of payment. So I guess that's a good start.

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tats14
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December 27, 2017, 02:05:06 AM
 #348

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?  Undecided

And how do you see it's future?


Well bitcoin as a payment system is a good payment ever because you feel safe and you feel scam free, bitcoin as a payment is a very good idea and you can't scam bitcoin because it has many securities in bitcoin.

RobertoMakeli
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December 27, 2017, 02:16:52 AM
 #349

Not sure, but i think that BTC will not blow up near future. Guess, 2018 will bring us a huge growth of Bitcoin Roll Eyes
agree with you, btc price will go up very strong in 2018, I hope its price over 50k
Ronyx
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December 27, 2017, 03:25:42 AM
 #350

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?  Undecided

And how do you see it's future?



Indeed Bitcoin's currency is multifunctional, where Bitcoin as a mode of payment and on the other hand as an investment for profit. It depends on what bitcoin is used, therefore the freedom of choice.

markgayamo
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December 27, 2017, 03:31:02 AM
 #351

Yes, it can be possible to happen. It's good that there are countries already that accept bitcoin as a payment because the charge that is putted there is not big however i think that the there are countries that won't agree the idea of using bitcoin as a payment system. So as long as there are countries that disagree with this idea bitcoin will stay as it is.
Asusnumbaone
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December 27, 2017, 03:56:13 AM
 #352

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?  Undecided

And how do you see it's future?


It is not a possible event but it not impossible to happen. It will be hard for the elders to accept it as a payment system and also for the government because the bitcoin is tax exempted. It can only be possible if the government makes it own bitcoin system to control the bitcoin the the country but that is not easy because we all now that the bitcoin is a decentralized system.
Blackwhite69
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December 27, 2017, 04:00:31 AM
 #353

That's a very good thing if Bitcoin has become a valid payment instrument. My opinion Wink
aleksandra_kickcity (OP)
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December 27, 2017, 12:17:42 PM
 #354

That's a very good thing if Bitcoin has become a valid payment instrument. My opinion Wink

Good but slow  Grin
soma50
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December 27, 2017, 12:25:39 PM
 #355

I'm not sure about this, but I think BTC will not fly for the future. Approximately 2018 will bring us bitcoin roll development.
I do not think its payment system will be temporary only. There will be a large payment system.
dogeeeeeeee2
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December 27, 2017, 06:52:18 PM
 #356

That's a very good thing if Bitcoin has become a valid payment instrument. My opinion Wink

Good but slow  Grin
Slow or not it's depending on your fee transaction. It could be just a minute if you're paying high fees.
kinzey
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December 27, 2017, 07:00:07 PM
 #357

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?  Undecided

And how do you see it's future?



As of now btc as payment will not be viable. Transaction fees is just not btc friendly. Maybe altcoins can be used. You get btc. Change some to the altcoin payment and pay for purchases.

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futuris
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December 27, 2017, 08:25:01 PM
 #358

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?  Undecided

And how do you see it's future?


There is a probability. Bitcoin can even replace the dollar.
sgenuine
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December 27, 2017, 09:12:06 PM
 #359

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?  Undecided

And how do you see it's future?



I don’t see any signs that creators of Bitcoin are trying to transform its blockchain in a regular payment system. Some other currencies do it but not a Bitcoin. Maybe with the time something will be changed.
WatchMaker
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December 27, 2017, 11:35:30 PM
Last edit: December 28, 2017, 12:12:33 AM by WatchMaker
 #360

Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold.

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