Stop Comparisation with BTC and Other Payments Methods.

[muslol67]

I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)

Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.

Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.

But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].


You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html

[bhadz]

We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.

[alisafidel58]

Comparing bitcoin is not a bad thing to other payment methods. People are comparing it because they are having some issue with other payment methods which is not happening over bitcoin.

The comparison is good so that newbies will have an option on what they will use bitcoin or regular payment method.

[talkbitcoin]

a fair point, but i have to add that usually (at least 90% of the times) it is not really users that are making such comparisons but they are always reporting something they have read somewhere. for example it is a well known fact that the news sites always publish click baits, and these days that price movement doesn't exist because bitcoin is very stable, they have nothing to write about so they keep trying to come up with things like this comparison. then everyone starts talking about it.

[muslol67]

We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.

Especially transaction time and amount comparisation is completely wrong. These are not same. We can't compare with Apple and Banana. They are fruits but not same!

Comparing bitcoin is not a bad thing to other payment methods. People are comparing it because they are having some issue with other payment methods which is not happening over bitcoin.

The comparison is good so that newbies will have an option on what they will use bitcoin or regular payment method.

I don't think they are talking about issues. They are mostly want to prove that Bitcoin is useless. They are trying to promote some other coins all the time.

[Xenrise]

How can bitcoin grow if we stop comparing it to other payment methods? We want bitcoin to be used in this world as a mode of payment. Comparing isn't that bad so that we can see what bitcoin does and other methods doesn't and vice versa.

Comparison is healthy for me as long as you can see the positive and negative sides of each.

[bhadz]

We can't stop people comparing everything with anything like bitcoin to every payment methods. What most I see is about the transaction time, for those other payment methods the arrival of the money takes a couple of days while in bitcoin, it will just take you a couple of minutes. For the happy users who have experience with both payment methods, you can see on how it's ease to use and saves a lot of their precious time when receiving or sending money.

Especially transaction time and amount comparisation is completely wrong. These are not same. We can't compare with Apple and Banana. They are fruits but not same!

What can we expect from most? no one can stop an individual from comparing bitcoin to any other payment methods. What if they were tired of the long transaction time because they need money more than the transaction time that they have to wait? yes, they were different but that's just it and the reality can't be crampled and it depends on you if you will embrace it or not. Nothing wrong with these comparisons as it shows on who are the supporters and how their experiences went.

[NeuroticFish]

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

For example Visa (mostly compared with Bitcoin) was established in late 1958.

You have a partly valid point here, however:
The things evolve nowadays much faster today than 60 years ago. It's not unnatural to expect Bitcoin evolve faster than VISA did (and Bitcoin does evolve faster!)
Such comparison leads to evolution, can lead to fixes and changes in the direction people want to use it. Such comparison in not a bad thing.

[alisafidel58]

I don't think they are talking about issues. They are mostly want to prove that Bitcoin is useless. They are trying to promote some other coins all the time.

Most of them but not all of them. Those accounts that you saw are just shilling for other coins. Don't mind them, mind the newbie that can get something worthy from reading why bitcoin is being compared to other payment methods.

[Innerpumper]

Yes I also highly preferred foods with this conspiracy. Comparison of FIAT currencies with crypto will not finish if discussed, since some of the community will be hostile to crypto. The growth of crypto will inhibit the development of FIAT so it will destroy the banking system. I think it's better both need not be compared because without fiat, crypto can never become a good investment vehicle, as well as vice versa. without the crypto fiat will not develop, because the system contained on the crypto is the latest era will change the world. I am sure of it!

[stfN2128]

If we don't compare bitcoin with other available payment solutions there is no need for bitcoin at all. People have to know the pros and cons about bitcoin compared to other payment solutions. If you don't tell them why bitcoin is good for the mass, they don't see any reason to use it. As long as they think every other payment system is good, why should they change their mind?

[Beerwizzard]

But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.

We do. If you are able to prove that some particular person stole XX amount or your BTC then it will be investigated by the police as a cyber crime.

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

If you are using Bitcoin as a payment system then everything like Visa, Paypal etc. are its competitors and comparison is legit. The point that BTC is younger doesn't change the fact that it may still be compared to its competitors.

[The Cryptovator]

Bitcoin's another name is freedom. But on the other payment methods have lack of freedom. That's is the real difference between Bitcoin network and any other payment getaway or network. Here is no limitation, no regulation, no third party control. Your money your control. This freedom give us bitcoin. I am just wondering what will be happen after 10 year about bitcoin payments getaway. Hope all over world will realize real value of Bitcoin payment system.

[muslol67]

How can bitcoin grow if we stop comparing it to other payment methods? We want bitcoin to be used in this world as a mode of payment. Comparing isn't that bad so that we can see what bitcoin does and other methods doesn't and vice versa.

Comparison is healthy for me as long as you can see the positive and negative sides of each.

Comparisation can be healhty is you apply it correctly! You can not campare Nokia's first telephone and iPhone X (In our situation iPhoneX is Bitcoin ). This can't help anything. Am I clear enough now?

[BitcoinPanther]

Comparison always produce a better product.  This way developer can see the advantages and disadvantages of their plan.  With that they can design an improvement or work around to be able to nullify this disadvantages.  It does not concern on how young or old Bitcoin is, the need is now and people does not have a necessity to wait.   So it is better to have a critics that will drive Bitcoin to its improvement than nothing at all making its development stagnant.

[traderethereum]

I think we should leave it for people who were still comparing between bitcoin and other payment methods and we cannot force them to stop their opinion. Bitcoin still in the younger age than the other payment methods and it needs time to grow more but bitcoin now can compete with them, and I am sure that bitcoin can survive in the competition. But the truth, I don't think that it is a competition for bitcoin to other payment methods, but I will see this as help from bitcoin to solve the financial method on the internet.

[jademaxsuy]

I've been reading this badly comparisation with Bitcoin and all other payment methods. (Visa, Mastercard, Apple Pay, Alipay...)

Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone. So we haven't met like this one before.

Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.

But we are learning about yet. We still don't know if we have legal protection or not. Actually, we are just experiencing yet.

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].


You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html

The good thing is that btc will be use according to its target and goals the P2P transaction. BTC as payment option involves P2P transaction so I guess it is way better to do payment and transaction using BTC and there is no wrong of that doing it. This is just an adaptation and once the user's enjoy using the system, then mind you that they will going to buy more BTC to suit their needs especially in doing transactions.

[kryptqnick]

Bitcoin has created 10 years ago. There is no regulations about it. It is all new area. Decentralized, it can't control from anyone.

Visa, Mastercard, FIAT, Apple Pay, Samsung Pay, Alipay... They have advantages. Firstly all of them has a regulations about payment, store and banking... Also they've controlled from someones. People thinks if anything will be happen, they will go ask from them. Also, they have a legal protection. They can sue against it.

I don't think you are right. Who cares that Bitcoin is new? If we don't compare it with other payment methods, people will compare it with ponzis, stocks or commodities. If we want Bitcoin to be considered as a payment medium, we have to talk about its advantages and disadvantages over more traditional and established methods. Moreover, even though Bitcoin is decentralized and relatively new, it is not unregulated. Many countries have already developed at least guidelines if not legislation regarding cryptocurrencies. The way we treat and talk about Bitcoin shapes how it is treated for tax purposes and generally regulated in different countries. The world is moving fast, and if Bitcoin is not discussed because it's too new and different, it will be easily erazed from history.

[Lucius]

~snip~

You're partially right, in today's world, people want to do everything overnight, and often make big mistakes just because they have no patience. In case of Bitcoin, hard fact is that it is just 10 years old, and show me which company is come from zero to big success in that time, and that it is related to something new, in this case the first decentralized currency?

What bitcoin needs is time, and a completely digital generation of people who will be able to truly understand it, and use one in everyday life. 10 years is just too little time for that, no matter how you think about it. People are accustomed to common payment systems, and it take much time to change their living habits. Bitcoin is at this time to complicated for the average user, compared to fiat or card payment, no doubt about that.

[stompix]

So if you must to compare Bitcoin with something else. Make this comparisation the first then year of Bitcoin and that thing.

For example Visa (mostly compared with Bitcoin) was established in late 1958. And it started their international size of work in 1974! [Bitcoin has made it in a few years].
You can read all history of Visa here: https://usa.visa.com/about-visa/our_business/history-of-visa.html

Apple Pay was launched in 2013, is doing close to 1 billion transactions a quarter year and has 250 million users.
For comparison, there are 30 million addresses with a balance in the blockchain,  and 400 million transactions registered in the blockchain.
Paypal was launched in 1998, in 10 years they had over 100  million active users.
You can't compare BTC in terms of mass adoption with any of those.

I don't know why people insist that BTC is doing everything better than anyone, faster and cheaper and ...

No, it doesn't and won't be able to do it!!
Bitcoin will be good at doing some things better than traditional systems and will suck at doing other things compared to traditional systems.

Bitcoin might be safer than a visa card but there is no one getting you a refund.
Bitcoin is better than sending money via WU  but good luck getting a credit line...from...Satoshi?
Bitcoin is faster and cheaper than interbank transfers but it's not compared to a bank to bank transfer.
You can load your Visa Card with bitcoin but right now you can't pay directly without a 3rd party like bitpay or coingate to 99% of the merchants that "accept" bitcoin.

Why do some of you need to act like being some sort of cultist that every hour shout bitcoin is great, bitcoin is the absolute truth, kill the infidels?

Nothing is perfect in this world, certainly not the banks and visa since otherwise, we wouldn't have BTC but neither is BTC or we woulnd't still be using bitcoin visa cards and wiring fiat to exchanges via banks.