Is bitcoin a better payment system?

[Genamant]

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).

At first it looked like it was a good way for payment. But now the time frame and transaction fees are not viable for payments. Maybe n the future if they can find a way to change the time frame and fees then maybe it will be a great payment system

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[dsaijz03]

For it's being known and most used cryptos it is not hard to say that they are better if they really are but I think Eth has better payment system for now because we can see that it is not impossible for Bitcoin to do.Still we need their payment system because some use Bitcoin to convert on fiat.

[doraegun]

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).

Yes definitely right, bitcoin is a better payment system it is perfectly fastest and safest more than anything, expected within a minute transaction has been made without no hassle and no doubt secured and covered by master key address.

[adpinbr]

I think real payment is better than bitcoin payment because it is much more secure and you are at ease because you get to hold your own money. and when it comes to cryptocurrency payment I think ethereum is much better. Bitcoin is much slower than eth.

[mulukey]

Yes. Exactly like that. Bitcoin is used to pay for services quickly and efficiently. This is the advantage of bitcoin for humans. Just having the internet is paying people to be their service, meeting the needs of today's human development.

[Morgann]

for me yes it is better to use bitcoin as a payment method to all online shops and offline shops why ? because in this payment method we can eliminate the giving a changes for your payments because you can send exact ammount easily and very fast thats why this is good if they use bitcoin.

[billysaputra]

bitcoin should be the latest and best payment in accordance with today's technology, but today many bans make payments with bitcoins and require the use of money. so I think the use of bitcoin for payment still can not be maximized.

[De Suga09]

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).

Yes it is yet to be developed and it cannot be used yet by the common people especially that they have no access to the internet. In addition to what you said, advertisement of the use of bitcoin as a payment system must also be televised so that people will be informed of this option and more people will use it as a payment method.

[hualangktsld841]

Bitcoin is a better speculative system. It should be more accurate. Bitcoin has no advantage over other coins, and bitcoin's transfer congestion and high cost problems have been the two major problems that have plagued it. We hope to see more news about the lightning network this year, and I believe a lot of people are looking forward to it.

[boty]

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).

I think personally of course bitcoin is an alternative or solution as a payment that has a payment method that has a high level of encryption and has a point in some vast area which means data can never be lost, always connected to ketujuan and delivery very fast, so according my bitcoin is the best payment method.

[jcpone]

In my opinion yes,  bitcoin is have a better payment system and for having internet it is easy to transact payments,  less time assumed but as of now,  bitcoin payment system is need or still improve the payments and transaction and in the internet world.

[signup01]

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).

to be a good payment system because it is more practical but on condition of course the whole world inaugurates bitcoin as the payment currency recognized countries around the world

[19nataliya12]

In general, there are three reasons why Bitcoin is sometimes considered anonymous.

First, unlike bank accounts and most other payment systems, Bitcoin addresses are not tied to the identity of users at the protocol level. Any person at any time can create a new, completely random Bitcoin address (and a personal key associated with it) without having to provide someone with their personal data.

Secondly, transactions are also not tied to the identity of users. Therefore, any user can successfully transfer bitcoins from any address from which he has a personal key to any other address. No one needs to disclose any personal information. As in the case of physical cash, the recipient does not necessarily need to know who acts as the originator of the funds.

And thirdly: Bitcoin transaction data is transmitted and forwarded by nodes to a random set of peer-to-peer nodes. Although Bitcoin nodes communicate with each other using IP addresses, they can not know whether the data of the transaction they made was created by the node with which they entered into communication, or the latter simply performed the function of forwarding such data.

[Hassan02]

In my opinion yes,  bitcoin is have a better payment system and for having internet it is easy to transact payments,  less time assumed but as of now,  bitcoin payment system is need or still improve the payments and transaction and in the internet world.

Depends on the situation and this is only reliable to make as a payment if the transaction is online and you dont have anytime to go for what may you ever have to do on it.

[Spaffin]

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).

Unfortunately, now bitcoin is far from the best payment system for everyday purchases. Perhaps it will become so in the future. We are promised by September to introduce a network of lightning, which can significantly improve the speed of its transactions and almost zero commission fees. I also read that in the future it will be possible to bring a mobile phone at any retail outlet to the reader and it will shoot a certain amount of bitcoin for the purchased purchase. That's when, perhaps, bitcoin will become the best payment system.

[rickyNmorty]

Bitcoin as a currency proves more than worthy of the said purpose. The only reason why they couldn't officially consuder bitcoin as a curency is because pf certain shortcomings that could be solved. I don't think thst at tge cureent moment bitcoin could be a better payment system. There are other cryptocurrencies out there that prove to have a better project than bitcoin anyways.

[WannaCry]

I strongly agree about the better payment system. Bitcoin got a fast transaction when it comes in paying bills and also sending. bitcoin is a good investment and also decentralized.

[wolfracer]

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).

Consider Bitcoin as the best payment method is still questioned because the disadvantages that this practice brings are greater than its advantages.
Only on specific occasions does bitcoin act in such a way, and between it, we find when the transactions are international since it facilitates the immediate ones of the same one.

[Sparkl]

Better then real money? Of course yes.But the best in all cryptocurrency ? No.I think that better payment system is eth.

No for me it is the only bitcoin which has a lot of good and positive feature no currency has more positive and good use than bitcoin, it is very easy to pay for everything in life related to bitcoin. bitcoin has now fast transaction and one more thing that we cannot say ETH is better than bitcoin, if we look at the demand and price bitcoin is 100% better choice and I will chose the one and only  bitcoin to pay for all kind of goods I will buy in my life.

[Elerntta]

I really believe that bitcoin will be able to transform the modern payment system and make it much more convenient and safer. We have to wait this time.