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Author Topic: Bitcoin as payment system  (Read 5966 times)
SiDtHeBeSt
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January 28, 2018, 07:24:22 PM
 #681

First of all, there is still alot of people left who still don't know about bitcoins. How can it replace the currency we know as now in this situation? It will still take alot of time for everyone to get to know about bitcoins and even more time for them to accept bitcoins as a currency/as a payment. This might take some time but some places already started accepting btc as payment for eg. KFC canada are accepting bitcoins as a payment now. I think this will keep increasing and alot more number of people will start accepting btc.
emberbekas
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January 28, 2018, 07:45:53 PM
 #682

It seems hard to believe Bitcoin will be used as a currency, given the fact that long existing issues like high fees and long confirmation times are still not solved in a proper way. And the high volatility makes it very attractive to use bitcoin as an investment asset. Sure, there are more and more merchants who accept bitcoin. But these are marketing stunts, there are still too many problems to have bitcoin as a currency.

In some countries including in my country, bitcoin as a means of payment is declared as unlawful. and it's very painful because bitcoin will never be a currency in my country.

sana gull
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January 28, 2018, 07:59:11 PM
 #683

It seems hard to believe Bitcoin will be used as a currency, given the fact that long existing issues like high fees and long confirmation times are still not solved in a proper way. And the high volatility makes it very attractive to use bitcoin as an investment asset. Sure, there are more and more merchants who accept bitcoin. But these are marketing stunts, there are still too many problems to have bitcoin as a currency.
In some places people already using bitcoin as currency, even they have the facilities to use bitcoin as currency in their offline shops, and the trend is now increasing, therefore i think we can expect that use of bitcoin as currency will be increasing in from to time. how that we will see the use of bitcoin as currency in all over the world.
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January 28, 2018, 08:00:45 PM
 #684

I strongly agree if bitcoin is one of the payment system because bitcoin is more practical in payment because it does not bother to bring real money, and also bitcoin security system is much safer ,,,
ezbreezy08
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January 28, 2018, 08:08:47 PM
 #685

It seems hard to believe Bitcoin will be used as a currency, given the fact that long existing issues like high fees and long confirmation times are still not solved in a proper way. And the high volatility makes it very attractive to use bitcoin as an investment asset. Sure, there are more and more merchants who accept bitcoin. But these are marketing stunts, there are still too many problems to have bitcoin as a currency.

In some countries including in my country, bitcoin as a means of payment is declared as unlawful. and it's very painful because bitcoin will never be a currency in my country.

They didn't know technology they are scared because they know that online has alot of scams. Meaning they are not new to this in short they are very skeptical. Sorry for you part. I think they will follow other country that is widely accepted of cryptos.
Bambinoe
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January 28, 2018, 08:11:22 PM
 #686

It will be a welcomed development if bitcoin is used as a payment system especially in my own country. The major challenge will be ensuring each locality is internet ready.

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January 28, 2018, 08:18:02 PM
 #687

Bitcoin is a unique invention, it is not just the best system of mutual settlements, it is the door to the future with a new structure at all levels.
YajairaSN
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January 28, 2018, 08:24:34 PM
 #688

The main difference between Bitcoin payment system is that it doesn't have a definite control center and is completely open to users. In fact Bitcoin isn't controlled by anyone which allows any owner of the electronic wallet in this system to keep absolute confidentiality. There's no bank which at a convenient opportunity will be ready to ruin you. There's no control system that can completely close access to accounts at the most inopportune moment and force you to prove that a particular purse and money on it belong to you. You don't need to pay a commission for making a money transfer.
ezbreezy08
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January 28, 2018, 08:34:03 PM
 #689

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 widely use by many in the next few years. Satoshi is a great inventor. he change the life of every people when it comes to money he solve it by numbers and eventually people will understand the basic of bitcoin.
Benito01
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January 28, 2018, 08:38:07 PM
 #690

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 be the system of payment in the country because we are now in modern world and we need some improvement and here in bitcoin world we can get the improvement if we are talking how to buy something how pay bill we can do it now instantly using our bitcoin through online so, less effort right?

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January 28, 2018, 09:15:26 PM
 #691

Who knows, with the past slowdowns of the network, perhaps Bitcoin is going to remain the reserve currency of the crypto world.
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January 28, 2018, 10:34:59 PM
 #692

No one knows what the future will be like, but if seen from technological advancements that continue to grow, I think maybe bitcoin will be accepted as a legitimate means of payment may be around the world. For now bitcoin is always forbidden to use as a means of payment, but we do not know the future, hopefully there will be good news for bitcoin in the future.

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thuramlv
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January 28, 2018, 10:37:47 PM
 #693

price BTC s decrement, but they are not changed of the service fee. Transferable high high!
mayidid
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January 28, 2018, 10:43:08 PM
 #694

Bitcoin will gradually begin to catch on as an investment first, then a way to send money around the world and to store funds, and finally as a form of payment. I think companies around the world will learn to accept Bitcoin and some other cryptocurrencies because they can't stop technological progress. They will learn to adapt to it eventually.
TheUnknownMan
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January 28, 2018, 11:01:47 PM
 #695

I am not sure about that but i think that Bitcoin-based payment system will be used on more fields and its usage will increase day by day.I don't think that Bitcoin will fail that easy, maybe other cryptocurrencies can but not Bitcoin.
Alexis.Nick
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January 30, 2018, 02:42:34 AM
 #696

This will be an incredible thought in reality a portion of the stores and settlement focuses as of now acknowledge this. Likewise I read a few articles that a portion of the banks are by one means or another additionally tolerating bitcoin.

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icaica22
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January 30, 2018, 06:32:46 AM
 #697

I think Bitcoin will win as a payment method. I believe Many people focus on Bitcoin prices, but Bitcoin is still a good technology. This is the best system out there for payment transactions and value storage in other words, currency.
Addywealth
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January 30, 2018, 10:05:11 PM
 #698

Bitcoin will thrive as a payment system if countries can adopt it as such. Very flexible, easy to carry without fear of robbers and it will even aid inter nation relation.
BlasterS
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January 31, 2018, 03:21:11 PM
 #699

Bitcoin is very handy! It is a paperless money! You just need to have your bitcoin wallet using your Android or IOS phone.
Bitcoin as a payment system is reliable, time-saving and paperless!It is a more efficient and eeffective society for everybody in the whole world.
ShiroThe5th
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January 31, 2018, 03:30:45 PM
 #700

bitcoin is actually the same of a credit card. using bitcoin as payment system is really good. bitcoin can earn easily through just joining in some campaign. changing of bitcoin trough money will be easy and accessible to the bitcoin holders. it will be a good innovation it will happen. future with bitcoin is like the charles darwin evolution of man. from a small and down into a huge development and progress.
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