BTC payment only?

[TomWilson32959]

As of now I know that BTC is more on Payment. In the future will we utilize a Smart Contract-like?

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[BTC_Kids]

Many many payment system using blockchain such as XLM(Stellar), XVG(Verge) and ...etc

[Herbert2020]

smart contracts aren't really complicated things that requires some weird advanced or dedicated thing. it can already be done in bitcoin to some extent. but since bitcoin is a currency having things like what you see today in form of Smart Contracts is not really wise on bitcoin.

in any case there are works being done to add such features but as side chain (if i am not mistaken, or maybe second layer). long story short if you are interested in this check out RootStock www.rsk.co which is what i am talking about.

[Manoharachan]

I also prefer to use bitcoin for transactions because in time as well as other things bitcoin has a better advantage, it's the one that makes the attraction for me.

[faker_lol]

I think more than 1 system

[Marileno]

BTC is actually not very practical for payments and transactions for 2 reasons :

* High transaction costs
* Slow confirmation times

[Rahman11]

BTC is actually not very practical for payments and transactions for 2 reasons :

* High transaction costs
* Slow confirmation times

Yes absolutely right! but if you and merchants can use coinbase then it's going to easy and super fast.

[Df9898]

I think if the payment entirely using bitcoin I think many problems later on so payment via bitcoin it seems to me if the payment through the bitcoin then cash no and the person who cannot do online transactions will confused and cause a loss as a lack of food and many more.

[HoldtotheMoon_6789]

Most of DEV learn to code anything using smart contract such as a payment system

[franky1]

BTC is actually not very practical for payments and transactions for 2 reasons :

* High transaction costs
* Slow confirmation times

Yes absolutely right! but if you and merchants can use coinbase then it's going to easy and super fast.

.. but if your using coinbase... then you back to using third party systems again... which negates the whole point and purpose of what bitcoin was suppose to be about

EG
if your just going to swap 'balances' within coinbases user database you might aswell just be using paypal.

funny part is that if coinbase/bitpay say that they can send a merchant a FIAT wire transfer the next day.. it just proves that the FIAT wire transfer only takes a day

the whole point of bitcoin was that merchants should directly accept bitcoin for their goods and then that merchant pays salaries and its suppliers in bitcoin the same day. without the need to put funds into an account/address/channel that requires another persons agreement/control/signature

just having bitcoin as a asset currency but rely on third party services as they payment method/gateway/route makes bitcoin no better than fiat as a currency. which then just reduces its utility to be just a asset

[hot_ads]

BTC's last use should be as payment and investment, BTC as payment method, which can be more acceptable.

[shahzadafzal]

As of now I know that BTC is more on Payment. In the future will we utilize a Smart Contract-like?

Bitcoin is likea  currency however smart-contract is a protocol intended to verify or facilitate a credible transactions or in more simple words agreement that can be enforced through a blockchain.

Bitcoin protocol can be used to create smart contracts. https://particl.io/ is doing this by using Bitcoin-based smart contracts to manage funds in their trustless escrow.

You can read some details here https://bitcoinmagazine.com/articles/yes-bitcoin-can-do-smart-contracts-and-particl-demonstrates-how/

BTC is actually not very practical for payments and transactions for 2 reasons :

* High transaction costs
* Slow confirmation times

Bitcoin is still evolving multiple solutions are on the table already like SegWit, Sidecahins or Off-chain. We should give some time and best out of it will come yes these are the current issues but theseare  solvable. Bitcoin community is working to hard address all these.

[fatirborju]

Yes I think bitcoin is great for payment tools like bills, because it makes it easy for someone to invest and pay, but not all of our bills can use bitcoin like paying for school....

[darkangel]

BTC is actually not very practical for payments and transactions for 2 reasons :

* High transaction costs
* Slow confirmation times

I think bitcoin is suitable for large payments. With Bitcoin you can conduct transactions all over the world extremely fast at extremely low cost, guaranteeing privacy and high security. Particularly, in addition to the purchase, you can also create your own Bitcoin thanks to a powerful enough computer.

[rext]

BTC's last use should be as payment and investment, BTC as payment method, which can be more acceptable.

Bitcoin can be used to pay for the following benefits:
- Bitcoin makes trading happen fast
- Bitcoin trading at extremely low cost
- Confidential information can not be stolen using Bitcoin

[jokowi]

I think bitcoin is only suitable for paying large amounts of money because the bitcoin value is quite high. It is difficult to buy a bottle of water that you use bitcoin to pay

[Similificator]

As of now I know that BTC is more on Payment. In the future will we utilize a Smart Contract-like?

It isn't something that is impossible to do in terms of technicality but if you take into consideration all the current issues of bitcoins today, it would be hard as fuck to use it as a Smart Contract-like coin that you are saying. It just can't work as long as these issues that bitcoin has or drawbacks like waiting time for confirmations and high fee transactions.

[TomWilson32959]

Thank you all for your inputs, i'm learning more and more

[Azha]

  I think we will be able to use smart souvenirs in the future. 

[lamtruong123434574218@gma]

It will remain a useful investment tool and comes with such a global payment facility. Will Bitcoin in the future appear in grocery stores?