Bitcoin as payment system

[SAYDAKHMETOV]

In the whole world you can already buy something for bitcoin. In the future, I think you can buy any thing.

[Tukang Becak]

This is good news for all of us, the presence of bitcoin makes the payment system better, easier and cheaper when compared to the payment system banks, western union or others.

[pluMmet]

Bitcoin as the payment system may be nice, because by so we can make a payment whenever and wherever, as lazy out of the house, we can make a payment at home with just sitting in front of computer

[mabell943]

It is good since it will make the life of the people easy and way better than before. With bitcoin I can pay my bills without falling into a line.
Therefore I can save more time and money with this. In just one touch I am now no worry about to pay the bills since bitcoin is there to serve us.

[Irvinn]

Now bitcoin as a payment system is not at all suitable for practical use. His transactions are hanging by hundreds of thousands, the commission fee is too high and on average now stands at about $ 40. At this time, there are a lot of digital coins, transactions that take place in just a few seconds, and the commission fee is purely symbolic.
      If bitcoin solves these problems, then it will be possible to consider it as a possible payment system.

[colenax]

bitcoin is not a bloat that you say. the future of bitcoin is still visible and still can benefit. but at the end of this, there are many complaints about the huge transaction costs and the slow transactions. I do not really know why the system can be like this.

[rancidgash]

For our Country its still far from accepting BTC as means of payment in the markt or businesses, they are still relying on fiat money because it is easier to use and you can hold on to it. Using BTC as means of transaction is good, because of security and and reliable transaction also in buy and sell. I think it will blow up someday but it is still far from blowing up, and by the time it blows up another currency will emerge to replace it.

I would say that this is a means of exchange and a payment system at the same time.the payment system has no value, and the units outside the system also have no value. If the system is not working properly, the units become useless. But both things, if they work together, do something meaningfully.

[Dr.Osh]

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?

Maybe it's more convenient to us that bitcoin is for all electronics payments.This is more easier to use to any payments transaction.And no need to go to money changer.l think this is more easy  because you can just pay or buy anytime you want.

I think that it can not be done. well, we know for ourselves that the bitcoin system is so unstable, so before the bitcoin system was stable, I felt that it was still very difficult to make it a real-world payment instrument. but on the internet, there are many who do that.

[altcointalk14]

For our Country its still far from accepting BTC as means of payment in the markt or businesses, they are still relying on fiat money because it is easier to use and you can hold on to it. Using BTC as means of transaction is good, because of security and and reliable transaction also in buy and sell. I think it will blow up someday but it is still far from blowing up, and by the time it blows up another currency will emerge to replace it.

I would say that this is a means of exchange and a payment system at the same time.the payment system has no value, and the units outside the system also have no value. If the system is not working properly, the units become useless. But both things, if they work together, do something meaningfully.

Criptocurrency are actually the first decentralized payment system in the world on whose arteries a payment is circulating, which is totally immune to influence through classic state or monetary policies.

[lenarichi]

The ambiguous attitude to Bitkoyn payment system is connected with the fact that the currency develops spontaneously and is not controlled by any law. It does not have a single control center, it is not tied to any country and can store confidentiality in the network of its owner. Crypto currency is not stored in banks and does not have any material values, it can be used from any corner of the world. No one will close access to his bitcoin-wallet and will not force him to prove that this wallet belongs to you. This gives unlimited opportunities for transfers and transactions in the crypto currency and the full will of its owner. Commission fees for transfers are also not charged.

[lani123lani]

Bitcoin for official pay is not possible or for everyday payments, bitcoin is more like gold or a high barley asset and can last for a long time, I prefer to consider bitcoin as a gold investment much larger than gold.

[readygoaw]

Bitcoin is not a payment system in the full meaning of the word, but the blockchain technology on which it is based and which it develops is already widely used in financial transactions. Bitcoin should be incorporated in bank system inevitably.

[PUNjabSee]

yes, I think bitcion will be more stable in 2018, the matter of being a means of payment is not fully and fully realized, only certain countries that accept and legalize bitcoin, I think with this very fast technological developments in a short time bitcoin will be able to be the best . I am sure that every government institution up to now in every country continues to review and evaluate bitcoin to serve its people who have already joined bitcoin, so that a short time bitcoin will equally become a means of payment in various countries legally. let alone now in the global economic market.

[arlington]

at the moment to use btc for payment wouldn`t be a wise selection as it has high transaction fees and long time to transfer but in the future things can change.

[adadaorlina]

This is a good idea for all of us that bitcoin as a mode of payment system as well as a store of value. I am very sure that it is safe to transact because no mode of transportation is use specially if the transaction is all about large amount of money. A lot of people believes that in the future every people will be coping with the advancements of technologies.

[Joshapat]

The presence of bitcoin for the payment system is indeed a good solution to overcome the deficiencies and dependence of previous payment systems such as paypal or banks, this is certainly bringing a good change in the future.

[barabut]

As a payment system there is alternatives on the way though! but it is perfect as a payment system no intermediary, low cost!? (not nowadays, few amount transactions for sure) can not be censored, blocked decentralized.

[LogitechMouse]

Bitcoin as a payment system? No its not a good idea for me. We know already that bitcoin at this moment have the highest transaction fees and it has a slow transaction speed yet we are asking this question. It will happen only if lightning network is release (maybe) and instead of bitcoin, why don't you use other altcoins with high transaction speed like litecoin, dogecoin etc.

[Luthfiyaaa]

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?

indeed one of the benefits of bitcoin is as a means of payment, but I prefer to use bitcoin for investment, I see the longer it will continue to increase its price, maybe in the future, bitcoin is the legal means of payment in this world.

[RKSummer]

I think Bitcoin will prevail as a payment method. A lot of people are focusing on Bitcoin price, but Bitcoin is still a good technology. It is the best system out there for payment transactions and store of value (in other words, currency).

You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).

It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.

Bitcoin as a payment system, In my opinion, the one who benefited most is the trader. In this kind of payment system, the sender is the one who pays the processing fees while the trader paids nothing.
It allows you to purchase items abroad fast and easy without currency conversion.
And I think that in this system, users of bitcoin can conviniently pay any bills just by clicking. You can save money and time at the same time.
 I like the idea.