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Author Topic: Is bitcoin a better payment system?  (Read 1975 times)
Gudhal Untu
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April 24, 2018, 01:23:30 AM
 #321

Yes true, it must be admitted that bitcoin is the best payment system today, if compared to online payment system like Paypal, Perfect Money or else there is no comparison that can equate with bitcoin.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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moivenamer
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April 24, 2018, 01:45:03 AM
 #322

Yes, it is true due to the fact that there is no agency of goverment and private institutions that control it.
There is no hindrance when sending it.
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April 24, 2018, 01:52:06 AM
 #323

bitcoin transaction has advantages and disadvantages. for example, sometimes bitcoin transaction takes a lot of time even for a high fee, that obvious disadvantage for bitcoin, but it is still can be developed. for me, i really enjoy use bitcoin because i think bitcoin is easy to use it, especially for international transaction.

Everyone of us have their own opinions. There are some who says bitcoin is a better payment system and there are some are not. Everything has advatanges and disadvatanges it depends on people what is truly for them.
Pinoyfan
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April 24, 2018, 02:06:31 AM
 #324

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
As my own experienced yes it easy for me to pay some bills using bitcoin. Like were just waiting a few minutes to pay the bils . And somehow fe minutes to transfer our money to some remittances.No worries when it comes to transactions of bitcoin.
mornabo
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April 24, 2018, 02:20:12 AM
 #325

Yes i think bitcoin is a better payment system although these days bitcoin is still not known from everyone to be legally used in payment system but we can see the technology of bitcoin. Blockchain technology can help us to record everything easily in a way that every data is stored and can't be altered by anyone but it is transparent. Bitcoin as a payment system is good because our payment can be processed easily and all our trasaction are saved in the blockchain.
not many people know so users are still limited in using bitcoin for spending I think it's one of the problems in bitcoin spending. but overall I really enjoy using bitcoin for payment system very easily and instantly. yeah and all transactions are stored in the blockchain and make it transparent. one of the problems is its limited use and expensive fees
Arata
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April 24, 2018, 03:18:49 AM
 #326

The efficiency of bitcoin as a payment system would be more practical and wasted no time. But the constraint is the value of bitcoin which has fluctuating characteristics. Such as need further study on this matter.
naily
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April 24, 2018, 03:19:33 AM
 #327

If bitcoin security is upgraded and upgraded. Maybe bitcoin will fit into a payment system that is suitable for the world economy.

With the arrival of more digital coins at the technological frontier, Bitcoin itself must increase its payment speed to fulfill a leading role in digital finance. And for me, Bitcoin is a very good international online payment system
Neerunawal
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April 24, 2018, 03:27:10 AM
 #328

Yes it is a better payment system as it is quick and have wide field of oppurtunities and even help one to progress in limited time. It give us platform to exceed in running in daily life. Yes it is best option.
Luthfiyaaa
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April 24, 2018, 03:39:12 AM
 #329

it's true, maybe in some countries and according to some people, bitcoin is not a good payment system, but it will be the best payment system and very helpful for us to transaction between countries with unknown people. in addition to payment systems, bitcoin will be used as an investment for some people because it can bring many benefits.
jonkibo
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April 24, 2018, 03:41:02 AM
 #330

maybe, because it is fast co'z its online but it is hackable co'z its online so that it is not better.
mkcube
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April 24, 2018, 03:55:30 AM
 #331

In my opinion i think its okay.Because bitcoin payment is safe and fast transaction even if it is night time it has a fast transaction.It has also many benefits that people can bring.It gives us platform to exceed in running in daily life.
Ondre
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April 24, 2018, 04:26:24 AM
 #332

Yes its true, it more convenient and fast when it comes to transactions. One button and you are done. At the same time not time consuming and avoid going out as well.

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April 24, 2018, 04:38:50 AM
 #333

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

today, bitcoin is better than real money. the best of crypto is bitcoin. so, I think bitcoin is best payment system, it is easy and fast.
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April 24, 2018, 05:40:13 AM
 #334

Yes i like bitcoin very  much and the payment system now very good and many new innovation in bitcoin will come in the future the value is good and good for invest in this currency in the past theft were a common issue in every where but due to this currency system people are secure and they can pay easily by their own hand from their home.

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April 24, 2018, 05:48:06 AM
 #335

bitcoin is the best payment system because bitcoin is the best and most profitable stock investment system.
Kunal666456
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April 24, 2018, 05:51:00 AM
 #336

It is easy to buy and sell bitcoin.
But as far as the payment option is concerned, it does not seem so effective, more efforts are needed.
Even then, large amounts of transactions can be done by bitcoine and are being done.
qwertyup23
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April 24, 2018, 05:53:29 AM
 #337

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

Relatively speaking, yes due to its decentralized and volatile system wherein it provides anonymity between the parties that transact and the fees are lower compared to other sending remittances. Not to mention, the convenience it provides to users make this as the perfect avenue for sending money globally and also for corporations which they can utilize their business transactions more. There are a lot of implications when using bitcoin as a payment system but what hinders it from developing are the restrictions imposed from countries who prohibit the use of such.

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April 24, 2018, 06:01:17 AM
 #338

I agree with this.. Bitcoin is the best way in transactions, because with the security blockchain system in making transactions guaranteed safe from the crime actions. So I think, transactions using bitcoin will be trend in the future. and I am sure there will be many supporting facilities to facilitate the transaction.

Marrionbitcoin
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April 24, 2018, 06:07:03 AM
 #339

The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).

Bitcoin is a better payment system wherein it can be used as mode of payment thru online stores or even in a physical stores that accepts Bitcoin as payment. When we use Bitcoin as payment it make our live easier and we can avoid charges and hassle free. This is our future cash as alternative mode of payment so we better to invest to Bitcoin now until the price is still low and might increase its value in the future.
congtuan001122asd
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April 24, 2018, 06:40:49 AM
 #340

Bitcoin has many benefits and it is suitable for people to invest and make money. I think bitcoin is not a good paying system, you have to pay a very high fee for the transaction. Processing speed in bitcoin's transactions is low.

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