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Author Topic: Can you use Bitcoin as a practical currency?  (Read 1807 times)
sunsilk
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October 06, 2018, 05:30:48 PM
 #241

Most of those factors that has been mentioned are true about bitcoin but I have to disagree with few factors that was mentioned like not being a good solution for day to day purchase. People today loves online shopping and in my local, I've seen that I can apply and use bitcoin for those purchase.

I don't have to use credit card or my PayPal just for it though I have an option for COD but I'd prefer to use bitcoin to contribute to the crypto ecosystem. It takes time for a transaction? yes it takes time, for about 5-10 minutes nowadays and that isn't much wait.

Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Yusuf_Jay
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October 06, 2018, 05:38:06 PM
 #242

Not now, as you know, bitcoin still has many obstacles to use as a practical currency, Bitcoin must be able to solve some problems related to shipping time and costs.
RiskySanchez
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October 06, 2018, 05:40:33 PM
 #243

the existence of bitcoin must be given more attention, especially in the food business sector, B2B and P2P. because every sector has a big influence in the development of bitcoin in the future. especially I was very happy when I found out that the visa and mastercard began to be integrated with the blockchain system

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October 06, 2018, 05:50:21 PM
 #244

I have a Hapo card for several years now. I use it when I go shopping and make purchases. Therefore, I can say that I use Bitcoin almost every day. For me, this is a common thing - to put my Bitcoins into my Hapo account and use the card when making my daily purchases.

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October 06, 2018, 06:01:12 PM
 #245

Gradually bitcoin will become a practical means of payment, all of this will run with time.
Bitcoin is starting to expand and this is sure to be more and more companies that will receive payments with bitcoin.

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October 06, 2018, 06:04:46 PM
 #246

It curls from the country in which you live. If the exchange services are functioning well enough in your country, then there is no problem. But even if there are restrictions in banks, you can always use the services of virtual payment cards.

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October 06, 2018, 06:51:41 PM
 #247

Bitcoin and another cryptocurrency is still at the stage of legalization by the states. This process is long and when it ends and the cryptocurrency will be legalized by most states, only then will the infrastructure for its practical application develop very quickly and people will be able to use it directly in practice to buy various goods and provide services. Until the time for this has come.
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October 06, 2018, 07:47:25 PM
 #248

The course is not stable at the moment.Pizza to buy for bitcoins is definitely not worth it)and then you will regret that you spent precious)As the famous case when a guy bought a pizza for 10,000 bitcoins))))))))))))))))))))for bitcoins you need to buy something more worthwhile like a house or a car.And what better to do it not now,but later.When the rate will normally rise.

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October 06, 2018, 07:52:23 PM
 #249

I still use Bitcoin for payments. I'm a miner, and I use Bitcoin for large payments if I do not want to use the services that come from the banks. Many people like me choose Bitcoin as a currency to replace FIAT in transactions.
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October 06, 2018, 08:13:48 PM
 #250

This depends on your country. if the system permits the use of bitcoin as practical currency, then why not. It even encourages its usage. It's really much secure than most currency on some financial systems. And it blends with the global technological, and because of it's technical diversity, it can be literally used for purchasing anything. I sincerely will agree with any country or system who merges, or permits the use of Bitcoin as a practical currency. It simply signifies the hunger for advancement in that nation or system. which is pretty much reasons why most developed countries are where they are now. Adoption of the now and a sight for the future.

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DiabolicAnt
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October 06, 2018, 08:21:33 PM
 #251

I think that in current conditions it is hard to make it really practical, however it really can be used to save money/investments and to buy something.

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