Acceptance of bitcoin as payment!

[Naida_BR]

It is the aim,to be one of the mainline payments on the world, but that aim is no where near if you are looking into it.Bitcoin has a very very long way to go to achieve this kind of stuff,theres still alot missing to be qualified for it

Bitcoin will never be used as a way of payment. It is a digital asset for storing value and many people have conceived it as this.
Imagine is people in the real economy was paying with gold for buying things. No one would ever do it as gold has bigger value and lower risk compared to the good that they buy. The same happens with bitcoin as it is the digital gold of our generation.

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[South Park]

Although I want to believe that Satoshi created bitcoin for the purpose of making transactions with it as a payment medium.
But definitely not on a large scale .
If it we're to be on a large scale, he could have make available measures to see to it that the volatility of bitcoin is reduced in order to make it even more stable for use as a payment medium.

That is false, satoshi create a currency that was decentralized so it was impossible for any single person or institution to take control of it and impose their views, satoshi wanted bitcoin to scale and be used by as many people as possible but he wanted to avoid a centralized control because that will mean that eventually someone will abuse his power, if the volatility of bitcoin is big is because bitcoin is still a relatively new technology and the devs are still going through the process of figuring out how to make it scale, once that is solved and several decades pass the volatility will probably decrease to more manageable levels on its own.

[Duzter]

Although I want to believe that Satoshi created bitcoin for the purpose of making transactions with it as a payment medium.
But definitely not on a large scale .
If it we're to be on a large scale, he could have make available measures to see to it that the volatility of bitcoin is reduced in order to make it even more stable for use as a payment medium.

That is false, satoshi create a currency that was decentralized so it was impossible for any single person or institution to take control of it and impose their views, satoshi wanted bitcoin to scale and be used by as many people as possible but he wanted to avoid a centralized control because that will mean that eventually someone will abuse his power, if the volatility of bitcoin is big is because bitcoin is still a relatively new technology and the devs are still going through the process of figuring out how to make it scale, once that is solved and several decades pass the volatility will probably decrease to more manageable levels on its own.

Agreed, though the market is decentralized people when a certain number of users hold the majority volume it is possible to manipulate the market. Just through the same the network won't go centralized, but there will be some factors found on the network similar to the centralized system. Volatility, which is the key factor with decentralization. In my opinion when the markets volatility is getting to be stable it can be termed as bitcoin is losing its uniqueness.

[hawkins]

It is the aim,to be one of the mainline payments on the world, but that aim is no where near if you are looking into it.Bitcoin has a very very long way to go to achieve this kind of stuff,theres still alot missing to be qualified for it

there are still many shortcomings in bitcoin, but some people have accepted bitcoin as a means of payment. even though this is still not legal, I think people have started using it on the internet. I just think that bitcoin still does not meet the requirements to be used as a means of financing, but is very potential in this regard.

[Barbut]

It is the aim,to be one of the mainline payments on the world, but that aim is no where near if you are looking into it.Bitcoin has a very very long way to go to achieve this kind of stuff,theres still alot missing to be qualified for it

there are still many shortcomings in bitcoin, but some people have accepted bitcoin as a means of payment. even though this is still not legal, I think people have started using it on the internet. I just think that bitcoin still does not meet the requirements to be used as a means of financing, but is very potential in this regard.

Look at that from a bright side, where bitcoin was 10 years ago? Where bitcoin is now? Would you sell something for bitcoins? Would you buy something with bitcoins? If you don`t have bitcoins and you want it you can sell something for it, if you are earning bitcoins you need to spend them somewhere, this circle is getting bigger with the time. Ask yourself would you participate in that circle, would you recommend it to a friend and family? If answer is yes, community will grow.

[Aikidoka]

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

Yeah, I think the only problem is the high volatility of bitcoin price, but I guess isn't a big problem as bitcoin is so valuable crypto and also so good for long term investment. I think acceptance bitcoin as a method of payment is so good for the community and for bitcoin itself. I wish that the use of bitcoin will increase more in the next few months, so automatically we will see a high increase of bitcoin price.

[mitchr4]

The more bitcoin users who use it in the real world, at least used as payment in the shop, will certainly make bitcoin more often used not only as a place to invest. No need to doubt the price if Bitcoin is more applied in the real world and get positive feedback from people, of course, it also affects the value of bitcoin in a better direction.

[gabmen]

In my opinion it is indeed quite good and suitable when we see that bitcoin is used as a payment and also bitcoin as a preference or other payment option, but the risk is also quite large also because the decline in the value of bitcoin or increase is also quite large

Yeah, I think the only problem is the high volatility of bitcoin price, but I guess isn't a big problem as bitcoin is so valuable crypto and also so good for long term investment. I think acceptance bitcoin as a method of payment is so good for the community and for bitcoin itself. I wish that the use of bitcoin will increase more in the next few months, so automatically we will see a high increase of bitcoin price.

Well when it comes to acceptance, i think within the community there won't be any problems. We all know that the value of the payment you receive today may be several times higher in the future. It's how we make those outside the community understand that.

[South Park]

Although I want to believe that Satoshi created bitcoin for the purpose of making transactions with it as a payment medium.
But definitely not on a large scale .
If it we're to be on a large scale, he could have make available measures to see to it that the volatility of bitcoin is reduced in order to make it even more stable for use as a payment medium.

That is false, satoshi create a currency that was decentralized so it was impossible for any single person or institution to take control of it and impose their views, satoshi wanted bitcoin to scale and be used by as many people as possible but he wanted to avoid a centralized control because that will mean that eventually someone will abuse his power, if the volatility of bitcoin is big is because bitcoin is still a relatively new technology and the devs are still going through the process of figuring out how to make it scale, once that is solved and several decades pass the volatility will probably decrease to more manageable levels on its own.

Agreed, though the market is decentralized people when a certain number of users hold the majority volume it is possible to manipulate the market. Just through the same the network won't go centralized, but there will be some factors found on the network similar to the centralized system. Volatility, which is the key factor with decentralization. In my opinion when the markets volatility is getting to be stable it can be termed as bitcoin is losing its uniqueness.

Some level of manipulation will always exist since it is human nature to try to get any advantage they can, however in the case of the whales they have gained that right by holding huge amounts of bitcoin, so even if you do not like them they deserve the power they hold since they earned it in a fair market where everyone had the same opportunity to enter, however wall street will try to get that kind of power over the market without buying any bitcoin and that is the kind of manipulation we must resist.

[prtty2gal2]

Bitcoin is not used much often for payment of goods and services as it should because of the high volatility nature which is cannot be changed because the price is determined by the cumulative daily trading trend of traders on the market. Some of the governments are not accepting it because of the lack of regulations due to the decentralized nature of Bitcoin. This is why there has been a paradigm shift from the currency aspect to the investment aspect of Bitcoin because the volatility nature has made it more profitable if one holds Bitcoin for some period of time as the price rises.

I totally agree with your point but many of us has turn the system upside down and beginning to see it as a system created for profit making, we need to start embracing the main purpose for which it was created and I think that will be the only booster to its stability.
Honestly, I think another problem we might have in filling this missing gap is the whales, they really need to be flushed out of the market, they are affecting the stability of the coin with their manipulation and with this, the payment purpose of the coin will be defeated.

[BUK2016]

I have not read bitcoin's whitepaper but from the little understanding I have I think bitcoin was developed to be use as a mode of payment for goods and services? It was for a transactionary purposes and not as the way we are using it now as a way of making profits by buy them and hold or sell Them whenever we think it has appreciated in pricing!
I believe for bitcoin to grow it purposes must be well explain to the populace as they are the one that needs it in transactions and that is why the more people that know about it an it primarily uses of p2p the better bitcoin become.  We must promote it with the aim of bringing more people especially business people to start adopting bitcoin for they business.  Bitcoin should also be stable in pricing because it will be very difficult for retailers and wholesalers business to use it if it is unstable.
Finally I will like to get your opinion on this as this will help the mind of many of us here about this great technologies.

I believe that the answer to your first sentence is yes not withstanding some other factors that were part of primary objective for the creation of crypto currency (Bitcoin). In your second sentence, Bitcoin is not just only created just for transactional purpose because what ever serve as a means of exchange for good and services has value and value in finance is not meant to be stagnant.
Finally, Bitcoin stability depends on the adoption by the people and not something that one can manipulate it.

[BUK2016]

yep , the 1st thing why bitcoin made is to make "new" payment method that secure and anonymous , but right now most people just buy it as assets and investment

The questions is that can we change that?  It was not primarily establish to serve as a mode of investment and profits but keep third party out of financial transactions!  We the enthusiast has changed that in the mind of ordinary people by advising them to buy and hold and in the long run make good profits from their holding.  I think we can educate people on how to used bitcoin for transactionary purposes and how both the retail and wholesalers can accept bitcoin as a mode of payment on the sites and business premises.

In your first submission you admitted that you have not red the white paper of Bitcoin but here you are so optimistic about the reason for which Bitcoin was created. Are you sure that was the main reason why Bitcoin was created?