Bitcoin as payment system

[Sunnyyy]

I think bitcoin is not perfect for daily payments. We can see that the value is too high. You can not use it to pay small payments. I think it would be more appropriate to invest in business

[stoque09]

first of all i do not think that's a bubble... cause no one knows the referral price of BTC. about BTC as payment  i guess that it will be for real. not only BTC but all the altcoins too. all of this depend of people and Financial Institutions will or won't get it accepted

[Tahsin Kabir Kollol]

That is a really good idea but at present, there is some difficulty.It is true that bitcoin has become famous all over the world for few year.But there are many people who do not know what is bitcoin and how it works.For this reason, you can not pay it everywhere.You only send or pay bitcoin this person who knows about it. On the other hand, Bitcoin is not suitable for small payment.Because Bitcoin transaction fee is high and it takes time.But bitcoin is really suitable for the big and secure transaction.In future bitcoin will develop its transaction system and then bitcoin will become the payment system.

[Pasadoble]

Bitcoin is payment system already, and I think it will be spread much more in the future.

[nguyenthenguyen]

 i think it bitcoin can be  good payment system and payment

[oih55982]

Bubbles can explode at any time. but not now. We can not say in advance why we do not follow the rise of the bubble ... be wise in your decisions .. what can happen

[captin crunch]

It is already payment system, you can buy a lot of things with it.

[Anti-Cen]

"Bitcoin as payment system"

Well it's useless for that and apart from not scaling they are going to take most of the transactions
"off-Block" and introduce banks that they are calling hubs on the "Lightning Network" that won't be
as fast as the name suggest
See https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400

Fees are killing Bitcoin and it's no longer works as a currency with it's $30 transaction fees
but before you all rush out and convert to Segwit wallet be warned that the savings are not
that good. Miners pull the strings of the development team and we are getting ripped-off

[xuv500]

Hope you heard the news that KFC in US is accepting bitcoin for buying their product and Amazon is also planning to accept Bitcoin as the payment option like credit card and PayPal. We can expect bitcoin as payment system in another two or three years, hope this is just an estimation time and things may come near even before that.

[Desperaboss]

Bitcoin and any other coin do have high volatility which makes them unsuitable as a mean of payment. As long as there is no way to bypass that fact I personally do not want to pay with bitcoins.

[litolmarauder16]

Using bitcoin as a payment system is a good idea because of its convenience to people. With just the use of smartphone/computer and an internet connection, transaction become so much easier. Even when transacting around the different parts of the world with different currencies, it would be simple and effortless because the bitcoin can also be digitally converted to your needed and preferred currency. Now, there are already some businesses that accept bitcoin as a form of payment. There will soon come a time that most companies will be accepting bitcoin as a legal source of funds and as a payment for online products.

[maximk98]

Due to limitations of blockchain technology Bitcoin cannot be used in on-line payments. Retailers, restaurants, etc. are not for Bitcoin. On the other hand, I do believe there are some areas where blockchain and bitcoin are highly welcomed.

[Olena9797]

Impossible. Bitcoin like instrument for investing - yes. But like payment should be another coin with not too much volatility

[minhmanato]

Bitcoin value is getting up in the future many of the investor will gain in high profit.

with any proof

[jeluhtajem]

If satoshi has such a purpose then it should be investigated, so bitcoin is acceptable in all classes even around the world.
But it is not an easy thing, there will be many contradictions but if he has a vision and mission that is clear and acceptable to society.
there is a chance it will happen

[youdacapt]

Problems will occur if bitcoin fees are no longer under control, many people will not be able to make minimal transactions, especially many users from third world countries. Short fluctuations are particularly vulnerable to manipulation, which would be detrimental to many parties if applied as public payments. there should be a strong study to separate public rates with rates available in the trading market.

[baho11]

Yeah.... Everyone Cann use bitcoin as a payment system... But the two party should both agree of course.....
.. Or check company or individual using bitcoin as payment system before making transactions...

[GREATLOVE]

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 still on the stage of rebuilding some of the foundations for more become stronger soon and yes I believe that bitcoin will next to become our payments I really do believe in that because bitcoin is the best coin now.

[dotts]

It is posible for Bitcoin as a medium of exchange or as payment of services because BTC has all the fundamental function of fiat money but if you ask me if it is possible for BTC to replace fiat money as a medium of exchange maybe not bacause the transfer fee is too expensive.

[QWURUTTI]

Would love to see Bitcoin being used as it was intended by Satoshi, at the present time this rather seems like a dream though. People are looking at Bitcoin more like a commodity and not as a means of payment. Hopefully this will change at some point in the future, when Bitcoin reaches a stable price.