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Author Topic: Bitcoin as payment system  (Read 5966 times)
fndsr
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December 06, 2017, 04:23:58 PM
 #81

I would rather bitcoin as payment system,
when using other payment gateway it requires too much verification.
But when using bitcoin you can get anything you want done privately.
Although liked but nowadays many countries are opposed to bitcoin used for payment instruments for example in my country. Indonesia does not prohibit the existence of bitcoin but for all forms of payment in mandatory with rupiah / currency of my country

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Alfinopogi
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December 06, 2017, 11:04:02 PM
 #82

if bitcoin become a payment system its good to know because There are so many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
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December 06, 2017, 11:12:02 PM
 #83

I guess it would be convenient for people with bitcoin if bitcoin will be a payment system since most transactions will be online. However, people with no access to any bitcoins will have a hard time and probably be left behind though there is still time to introduce it to them. Anyhow, with bitcoin as a payment system, transactions and purchasing stuffs will be a lot easier.

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December 06, 2017, 11:18:37 PM
 #84

According to you Bitcoin will be as a means of payment. Many people focus on the price of Bitcoin, but Bitcoin is still a good technology. This is the best system for payment and investment transactions. You do not need to register, you just need a secret number (pin) to receive bitcoin. Much easier than other payment methods.
Christian13
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December 06, 2017, 11:46:04 PM
Last edit: December 07, 2017, 12:02:24 PM by Christian13
 #85

if bitcoin become a payment system its good to know because There are so many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
if bitcoin become a payment system its good to know because There are many benefits especially for buyers when it comes to using Bitcoin. It allows fast confirmation time within 10 minutes, which is handy for international transactions. It allows you to purchase items from abroad without worrying about currency conversation. Storage of coins is not difficult. The transaction fee is paid by the sender of the coins but this is typically pennies.
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December 07, 2017, 12:30:37 AM
 #86

as we know today, bitcoin has spread in different countries, when to Japan, payment bitcoin already in force there since the first in the beginning of the success of the world cryptocurrencies, if for other countries I think not fully make payment using bitcoin, but I am sure to the future will happen like what we want, using bitcoin would be easier to do the transaction
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December 07, 2017, 01:07:35 AM
 #87

Actually I would love to see Bitcoin as a general means of payment. This was the intention with which it was born and this should also be the way we use it nowadays. I think its a pity that Bitcoin is now looked at like it was a commodity. Especially new people that learn about Bitcoin now are often looking at it this way. Hopefully this will change sooner or later and Bitcoin will become what it was supposed to be.
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December 07, 2017, 01:43:47 AM
 #88

In my opinion, bitcoin will keep going as it is now, which is still used as an option of payment instruments other than credit cards and cash and as an investment. In the future bitcoin prices will certainly multiply, and the spread of bitcoin as a tool for payment will be widespread.
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December 07, 2017, 01:58:16 AM
 #89

I don’t think bitcoin would be a bubble blow up as the current value of bitcoin is way too high and increasing exponentially.
Last week of November it soared up by almost 50% in a week and bitcoin being crypto currency is probably one of the safest online payment methods as there is no central authority authorising the transactions and the identity of the sender and receiver is kept anonymous
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December 07, 2017, 02:04:10 AM
 #90

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 think someday bitcoin will because virtual money because as far as now bitcoin needs fiat so you need to convert it into real money to buy something i dont know if bitcoin will become a vritual to pay anything and to buy some store but  hopefully.
staceyoh
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December 07, 2017, 02:07:42 AM
 #91

I think bitcoin will continue to become
successful in the future. And maybe it
will also become as a payment system.
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December 07, 2017, 02:10:13 AM
 #92

Bitcoin can't act as a mode of payment right now, period. The fee (up to $30 per transaction) makes it impossible to conduct small and medium sized transactions. Only large-sized transactions in excess of $3,000 are viable with Bitcoin. Another problem is its volatility. Merchants will refuse to affect Bitcoin, as its exchange rates are too volatile.

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December 07, 2017, 02:22:57 AM
 #93

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?



Bitcoin just brings so much convinience to its users, whether it is on money transaction like payments and sending money, and that is why people are so in to bitcoin, not counting the fact that it just keep increasing its value. I think this bubble issue is gonna blow one day not bitcoin.

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December 07, 2017, 02:31:48 AM
 #94

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?


Bitcoin is always accepted as a form of payment and it is always so it. But the governments of many countries are enacting prohibitions and obstructing it.
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December 07, 2017, 02:39:46 AM
 #95

Certainly, Bitcoin will become a kind of currency in the future. It has many advantages about anonymous and not depend on the third parties. I think this will take place in next 30 years.

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December 07, 2017, 02:41:28 AM
 #96

I would rather bitcoin as payment system,
when using other payment gateway it requires too much verification.
But when using bitcoin you can get anything you want done privately.
Thats good, for me combining the use of bitcoin and real money is the best payment system. So I use bitcoin for international transaction because the fee is lower than use bank or other remittance service and I use real money for my daily transactions like shopping in mall, store and merchant in market because the transaction is faster.
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December 07, 2017, 02:43:31 AM
 #97

Certainly, Bitcoin will become a kind of currency in the future. It has many advantages about anonymous and not depend on the third parties. I think this will take place in next 30 years.
Well i believe that these would be going to happen  in our country bitcoin is really use for online payment such as water and electric bill by the help of the online walley apps maybe people know that already that is why they are really had an interest on doing these kind of profitable thing many people really believe on botcoin that is why it grown fast each day i believe people will appreciate bitcoin someday.
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December 07, 2017, 02:46:09 AM
 #98

It is more comfortable for us to use bitcoin as payment on some place. Like on a restaurant, groceries, and pay bills. Even if we don't bring fiat with us we can pay anywhere using bitcoin.

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December 07, 2017, 02:48:53 AM
 #99

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?



We cannot predict the future but if butcoin will be used as payments to some transactions then it will be good for us who have bitcoins aleady but how about the people who have not started bitcoin yet? Is there a way you can convince them to use bitcoin? As bitcoin user it is much better if it will stay as investment to prevent the government from having taxation on our bitcoin. Another thing is that we would hope that bitcoin is not a bubble that will blow up someday.

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December 07, 2017, 02:52:48 AM
 #100

I would rather bitcoin as payment system,
when using other payment gateway it requires too much verification.
But when using bitcoin you can get anything you want done privately.

But all choice have their own risk, in the other side if you lose your coin, you even can't block your wallet address. and they're all gone
In the banking system, we still safe there's a blocking system of our account if there's suspicous activity

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