Is bitcoin a better payment system?

[Pursuer]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

[micher143]

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 are better for payment transactions. It's minimizing the your time, effort and transaction fees than doing transaction thru bank.   There's a lot of people provens that transaction thru btc payment is really worth it because you can able to this even your at home, anywhere you are it is applicable to do with much lower transaction fee so it means it's very helpful to us.

[glaciercapital]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.

[zxl912157]

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 the best payment because it is transparent and can not be tracked.
But Bitcoin cannot be used in certain countries because of its legality.

So Bitcoin is not fully categorized as the best payment because it depends on the sender and its recipients.
Some people are more comfortable using fiat money.

[hualangktsld841]

It is clear that bitcoin is not a better payment system. We can see it as a supplement to the payment system. Everyone knows that bitcoin has all its shortcomings, especially in payment, which is the reason why people are in urgent need of lightning payment. In the future, I hope bitcoin or a altcoin can be paid. The aspect is more perfect

[Pursuer]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.

the second layer scaling solution is also no perfect. although it is a good and very interesting solution but there are still downsides to that too. but as I said as long as advantages outweigh all these downsides we have a good system, and that's how bitcoin is.

[dvillier]

Bitcoin are better for installment exchanges. It's limiting the your opportunity, exertion and exchange expenses than doing exchange through bank. There's many individuals demonstrated that exchange through btc installment is extremely justified, despite all the trouble since you can ready to this even your at home, anyplace you are it is material to do with much lower exchange charge so it implies it's exceptionally useful to us.

[richjohn]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.

the second layer scaling solution is also no perfect. although it is a good and very interesting solution but there are still downsides to that too. but as I said as long as advantages outweigh all these downsides we have a good system, and that's how bitcoin is.

But isn't everything boils down to the Bitcoin being deflationary currency which will make people HODL it instead of actually using it as a payment system. Whether it's for LN or not, transactions are pretty fast and cheap ATM. But right not BTC is largely a speculative asset with not enough utility. Adoption is needed to be increased in order to make btc an effective payment system.

[voron84-05]

I generally would not call bitcoin a payment instrument, he is more of a speculative instrument. Because of its high volatility, it is very difficult to regulate the price of goods and services.
I think that over time, many national currencies will switch to blockchain technology, but BTC itself will not be a payment system.

[Ilegendph]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.

the second layer scaling solution is also no perfect. although it is a good and very interesting solution but there are still downsides to that too. but as I said as long as advantages outweigh all these downsides we have a good system, and that's how bitcoin is.

I can consider that bitcoin is a better payment option specially if we are talking about larger scale of money. Compared to bank systems, bitcoin is much faster and fees are so small since it will cost only exact amount for the same speed of transactions no matter how much you will transfer while on bank they have this commission which if computed at larger scale, it is too much.

[melonbtchunter]

A good payment system feature should be quick and cheap. But in Bitcoin we are not getting them right yet. Bitcoin's highest fees and the lack of adequate confirmation are now a serious problem. So before that they should be given importance and find ways to solve it. But bitcoin is still the best even than PayPal or other currency. If we solve problems very soon, then Bitcoin will soon become a good payment system.

[Notcalculator]

There are disadvantages and advantages with using btc as a payment system. There is a trade off between privacy and convenience. For day to day transactions where privacy is not an issue then, fiat is a better payment system. The reason why we still need fiat is that this is the case for most scenarios. Additionally at its current state, payment isnt instant that's a big factor to consider.

[fargoway]

I consider bitcoin as a better payment system so far. It has a lot of opportunities even despite some disadvantages and unacceptance of cryptocurrency by a lot of people. It is still a better system than what we have been used before.

[oceantiger]

Bitcoin is in the process of becoming a better payment system as when more works are done in the area of scalability , timing of confirmation and the cost of transacting with bitcoin. It is only when these actions are being achieved that Bitcoin will become a better payment system.

[SupplyBloc]

It is the best Store of Value that we have ever seen. It makes sense, seeing as we've never seen a digital SOV in the history of mankind. We believe resisters will soon see this, quicker than most imagine.

[warning_btc]

Bitcoin is not better, its one more system avialable nowadays
It have their plusses and minuses, transaction speed very low and not cancelable. by one side is good but some times peoples make misstakes and its will be not cancelable

[rodskee]

The current affairs says bitcoin is not a best payment system it have to improve in this area. I'm aggring its one of the top crypto but to make safe in this crypto field innovate bitcoin and its features is an important issue now. As per the results I could feel that etherium is the best in payment system.

Do not listen to media because media are making news for the bad aides of bitcoin not spreading in the entire nation the good side of bitcoin as decentralized currency how much bitcoin help to people to get earn money using the new technology systems,
 
Ok current affairs  are saying  bitcoin are not a best payament system, all the things bave an solution become better than to others, take note improvement of the computer system today's are faster than to the train, I beleive bitcoin are good use for payment system of any kind of goods and needs for the daily lives.

[tikong]

Everyone knows that bitcoin has all its shortcomings, especially in payment, which is the reason why people are in urgent need of lightning payment and Bitcoin is excessively being used for inter countries transactions because of less fees and instant trasfers.Adoption is needed to be increased in order to make btc an effective payment system. That's all .

[Pursuer]

The answer is that it often is not, at least for most people, most of the time.

wrong! bitcoin IS a better payment system. the correct statement would be bitcoin is not perfect. and what is perfect in the world that we live in? nothing!
of course there are always pros and cons to any system and bitcoin is no exception either. but the advantages are outweighing any kind of disadvantage or imperfection that bitcoin may have and that is acceptable.

I believe once bitcoin reaches full scale and the second layer scaling infrastructure has been completed it will enable a much better, faster, cheaper, more open and transparent payments system. The current financial system is so manual and inefficient.

the second layer scaling solution is also no perfect. although it is a good and very interesting solution but there are still downsides to that too. but as I said as long as advantages outweigh all these downsides we have a good system, and that's how bitcoin is.

But isn't everything boils down to the Bitcoin being deflationary currency which will make people HODL it instead of actually using it as a payment system. Whether it's for LN or not, transactions are pretty fast and cheap ATM. But right not BTC is largely a speculative asset with not enough utility. Adoption is needed to be increased in order to make btc an effective payment system.

yes bitcoin is mostly used by speculators as an investment but that  doesn't mean it has no other usages! there are still a lot of people who are using bitcoin as a currency and pay for stuff online or offline. you can see all the online shops that are accepting bitcoin, you can check out the merchants in Japan that have been accepting bitcoin for a bout a year now. and on top of that you can always check out BitPay which is processing payments to merchants and services. BitPay said they have been processing $110M+ in bitcoin payments per month so you can't say there isn't enough utility!

[merklexy]

Absolutely. Privacy exists