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Author Topic: Is bitcoin a better payment system?  (Read 1975 times)
gesdan
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April 24, 2018, 11:54:03 PM
 #461

for me bitcoin is better payment system, its better than other digital currencies, the advantages of bitcoin is very much, we can see that bitcoin is multifunction when the other digital currency just can pay the payment, we can see that bitcoin can used for trading, investment, currencies and anything else, so for me bitcoin is the better payment system that i know

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April 24, 2018, 11:58:33 PM
 #462

Yes for me bitcoin is a better payment, if the people will  truly understand this on how to operate, like sending bills payment system, they know how to trade and invest, then they can realize that this is easy to use.

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April 25, 2018, 12:21:21 AM
 #463

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 of now I don't really think that bitcoin is a good system for now because there are still some flaws from it. Just few stores are accepting bitcoin and still not well-known to people. Bitcoin is still a stranger to people so it might be hard for them to understand its system.

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April 25, 2018, 12:29:42 AM
 #464

At this point in time, bitcoin is having problems with scaling, but once the Lightning Network is fully developed along with other off-chain solutions, I believe bitcoin will once again be suitable for payments and microtransactions.
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April 25, 2018, 12:55:54 AM
 #465

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 true. I think bitcoin is the best payment sistem, it is better than real money. it is the best crypto today.
NathanJB
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April 25, 2018, 01:00:55 AM
 #466

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 agree. As of now, Bitcoin as a payment system is only good for certain transactions but definitely not all. Bitcoin is perfect for transactions involving large sums. But for little payments such as a meal or a pair of shoes or a piece of T-shirt, Bitcoin may not be perfect as the fee is a little higher. Indeed, international transactions are also perfect for Bitcoin as it is borderless.
Aleth
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April 25, 2018, 01:11:38 AM
 #467

Bitcoin is a better payment system because first it is digital, it is faster, very convenient you can pay anytime, anywhere, saves energy and time.
aray80
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April 25, 2018, 01:13:40 AM
 #468

Bitcoin is not the best payment tool, why I say that? because every time the transaction you have to pay a high transaction fee and for the process of receiving or sending it this transaction takes a long time. so, if you make it as a payment system it probably will not make all bitcoin users will agree...
tera linh
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April 25, 2018, 01:15:29 AM
 #469

I feel that,bitcoin is better payment system,because The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies. Purchases Are Not Taxed.
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April 25, 2018, 01:58:17 AM
 #470

Bitcoin is a faster, cheaper, and easier way to transfer money. Bitcoin's payment system is very easy and very fast. I often deal with bitcoin.
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April 25, 2018, 02:01:34 AM
 #471

bitcoin is perfect as a means of payment. there is no difficulty to verify and also the transaction goes quickly. will be much different when you try to use paypal or the other as a means of payment. I've proved myself, bitcoin is easier and faster than paypal.
thenameisjay
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April 25, 2018, 02:16:31 AM
 #472

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 somehow doubt this but bitcoins are far from over if we talk about its growth. Bitcoins have a lot of updates to go through so we can expect that bitcoins will be an immediate replacement to our payment systems. As of now, I'll be sticking to fiat transfer because of cheap and fast it is to use.

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April 25, 2018, 02:16:45 AM
 #473

Using bitcoin as a payment system has proved to be a better alternative to PayPal, skrill, webmoney e.t.c a good feature to that effect is the ability to track and trace your funds using a transaction hash in the blockchain this feature cannot be found in other payment system and obviously bitcoin payment system has a fast and swift transactions.

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April 25, 2018, 02:17:42 AM
 #474

Bitcoin is not a much better payment system at the moment because it has not started to be used by everybody but it is not enough in a few stores or shops but after a few years it can be called the best payment system so we invest more in investors and do not break the morals I advise them to invest a lot because I think that they will eat their fruits in the future.
ScroodjMoney
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April 25, 2018, 02:22:52 AM
 #475

If we consider bitcoin as a payment system, while this is not very practical, but payment technology is constantly improving and developing, I think in the future when the system becomes ideal, it will become a really better payment system
kyucryp
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April 25, 2018, 02:28:28 AM
 #476

I think bitcoin is better used for tools of investment than for the means of payment. because purchasing goods with bitcoin is complicated requires a high cost and a long time unless using a network of lightning. then many stores or countries that do not allow bitcoin as a means of payment

KingOfWinterfell01
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April 25, 2018, 02:54:31 AM
 #477

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 of now, bitcoins aren't the most efficient way of paying your bills and sending money to people. You might want to just stick with fiat money transfer today until the technology for bitcoins have become better than now. But I still do believe that one day bitcoins will be as much or even more effective than fiat transfer.

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April 25, 2018, 03:05:01 AM
 #478

Of course not! Bitcoin is improved and its improved version is presented in the form of other coins! But bitcoin remains happens to be in any king of cryptocurrency!
mimakter
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April 25, 2018, 03:31:46 AM
 #479

Even though this same topic has gotten many answers on a related thread. It safe to say crypocurrencies are better payment system since all know the issues Bitcoin is facing.

Recently there is a news of BTC adoption as part of payment options in the upcoming world cup. Compared to FIAT BTC is better but ALTS are more better considering the illustration you gave.
maianh09
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April 25, 2018, 03:36:57 AM
 #480

bitcoin is perfect as a means of payment. there is no difficulty to verify and also the transaction goes quickly. will be much different when you try to use paypal or the other as a means of payment. I've proved myself, bitcoin is easier and faster than paypal.
Bitcoin has faster payment and transaction speed than Paypal, I agree with this opinion. But Bitcoin's transaction speed is slower than that of other Altcoin. Paypal is widely accepted and used because it has support mechanisms when you encounter scammers.
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