Stop Comparisation with BTC and Other Payments Methods.

[tomahawk9]

It's obvious that each service is different from Bitcoin as this one is a decentralized system that doesn't rely on 3rd parties, but understand that Bitcoin also functions as a payment processor as there are tons of merchants and companies around the world accepting it for their businesses just like they accept VISA or Paypal, so it's almost imperative that you compare Bitcoin with these system as they all share one thing in common: digital payment.

The fact that Bitcoin is often compared with these big multinationals should be something to celebrate for as it shows just how much it keeps growing and keeps being accepted despite being a non-regulated decentralized pseudonymous system created just 10 years ago.

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[joeperry]

Comparison is done when something is perceived as worse off or better off than another thing. Bitcoin installments are comparable to wire exchanges or money exchanges, where installment is "pushed" straightforwardly from one party to another, without going through another financial institution. Other payment methods, on the other hand, mean that the buyer effectively authorizes the seller to "pull" a payment from their account through several financial intermediaries in the process. Nevertheless, Bitcoin was created to resemble cash and even a payment method as much as the other methods that we are familiar with. Bitcoin aims to combine the advantages of direct cash transaction with the aid of digital technology. The comparison of Bitcoin with other payment methods may be rooted from the thought that it is still not socially accepted and a lot of people are still in doubt of its authenticity and reliability.

[ralle14]

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?

That's a bad comparison too, Bitcoin is always the one being pointed out as the slowest one when compared to other payment methods.  

I have no problems on people making their own version of comparisons if it's bad then don't give them attention. Getting triggered over these bad comparisons won't change anything.

The fact that Bitcoin is often compared with these big multinationals should be something to celebrate for as it shows just how much it keeps growing and keeps being accepted despite being a non-regulated decentralized pseudonymous system created just 10 years ago.

I wouldn't celebrate right away, but it's something to be happy about because through comparisons Bitcoin is getting the recognition it deserves.

[shield132]

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

Oh no, there are already regulations on bitcoin in some countries, there are regulations on exchanges too, yeah most of them require KYC documents. Also it isn't as decentralyzed as it was 2-3 years ago, as time goes, decebtralization is fading too, at least this is that I see. Also visa's service is far different from bitcoin because bitcoin was made in era of informational technologies and directly in digital way.
Why to stop comparing bitcoin to others? There are a lot of things that despite the time won't change in future, for example better privacy than other payment options (don't mean monero). Also it's fees can be low compared to others.

[romero121]

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?

That's a bad comparison too, Bitcoin is always the one being pointed out as the slowest one when compared to other payment methods.  

I have no problems on people making their own version of comparisons if it's bad then don't give them attention. Getting triggered over these bad comparisons won't change anything.

The fact that Bitcoin is often compared with these big multinationals should be something to celebrate for as it shows just how much it keeps growing and keeps being accepted despite being a non-regulated decentralized pseudonymous system created just 10 years ago.

I wouldn't celebrate right away, but it's something to be happy about because through comparisons Bitcoin is getting the recognition it deserves.

When something is taken into comparison it means bitcoin is growing. From my view bitcoin has got multiple utility in comparison to the specific usage payment system. This way bitcoin stands high, and people will continue to use minimizing the use of other payment services. As in the above quote comparison provides recognition, and people will find it better than the other services as it is completely anonymous which is much preferred by the common people these days.

[Harlot]

If we still have a lot of content creators, news makers, and people who are voicing out their own opinion we will always see them comparing Bitcoin to other modes of payments. Its just the world works and the only thing we can do is of course keep an open mind with their opinion and not let our emotions take control of the situation.  The only time we can shut the conversation down and walk away is when we know that they themselves don't have an open mind towards BTC, which lately is happening right now with Apple card as a lot of loyalist are comparing it to BTC which is really a far comparison for it.

[serjent05]

We cannot stop people from comparing because they see the advantages and the disadvantages of both. Besides, aside from the truth that you mentioned above about visa cards, bitcoin indeed carry risks in whatever angle you are going to look at it and not all merchants are willing to take those risks. You can't blame them. In order to have a more safe payment using bitcoin and other cryptocurrency, there must be an escrow that will guarantee that will serve as the middle man to guarantee safety to both parties in online shops.

[Aikidoka]

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.

Sure, the comparison between bitcoin and other payment methods can be made, because we are talking about which payment method are more secure and fast for the user. I know that bitcoin is still a new crypto which it's created in 2009 and credit card was created before 2000, but it seems that using crypto will be more better in the future, we just need to wait more.

[Indrawan77]

It's normal to see people compare it, as a user of course you need to compare which is the best transaction system is the best, compare doesn't mean that the product is bad, sometimes we compare to see which one is the best to used in the current situation, and I don't think there will be any legal protection in using bitcoin, but its also means that there won't be any third party nagging about your transaction, so far for me bitcoin offer something interesting and I think its one of the best payment option

[shesheboy]

the comparison between bitcoin and other payment methods can be made, because we are talking about which payment method are more secure and fast for the user. I know that bitcoin is still a new crypto which it's created in 2009 and credit card was created before 2000,

imo there are more better payment methods out there than bitcoin if you will only consider the speed and security  . bitcoin isnt also new because bitcoin is already 10 years old given that it was created on the year 2009   .

but it seems that using crypto will be more better in the future, we just need to wait more.

the nature of cryptocurrencies is already known to be volatile and as well as the fees  . i dont think that will be change but the adoption or the popularity of cryptos can still be improved . we can expect more people that will use cryptos and more merchants will also support crypto payments   .

[pooya87]

it is not always a bad thing to compare bitcoin with other things but only as long as you are comparing it with something that makes sense. and in order to do that you have to only focus on certain feature you are comparing and then only compare that aspect with each other while reasoning why that aspect in each case is the way it is. for example you can't compare bitcoin with Visa while like mentioning the centralization and that huge difference. but the comparison makes sense because both are payment systems.

[Nadziratel]

The comparison is sometimes useful and it would be good to see different aspects, but I think what the friend means is that these comparisons should be done with the right tools in the right time zones.

[bering]

It's normal if people compare between bitcoin to other payment method and we cannot force them to stop it because they want to know which payment method will be better than the other to be used for their daily needs and if they feel bitcoin have more advantages then probably they will starting to use that and sometimes comparation necessary to makes bitcoin better

[Annalise24]

Yes you are right....but the issue is that not many of those doing the comparison have proper information to guide them.
Someone said that PayPal and Visa payment systems are capable of processing *3 of the current transactions per second capacity of bitcoin.
It may be true anyway. But what they fail to understand is that these payments systems were created before bitcoin and that bitcoin is still in it's reformative years.

[eann014]

That's your opinion dude, we cannot control people for comparing bitcoin to other payments methods. We all know that since then, bitcoin has its own potential and also its own type of payment method and it is already good and convenient to most of us but some people are still not contented with it, maybe because they want bitcoin to improve more or maybe they are searching for another option that involves bitcoin.

[okala]

You are right bitcoin is a decentralized payment method that is run on the blockchain and not control by any individual or institutions unlike the visa and Apple card which are control by a central authority which can be sue and at the same time can sue any one that beach the term of contract. So bitcoin is different from them all.

[BitBite5]

People like to compare looking for the best possible option for them. But very often they put together things that can't actually be compared because they are of totally different nature. Like bitcoin and credit cards, for example. And it's not the convenience of payment that yous should look at but also the system, control, provider, costs, centralization/decentralization and other. There are many factors that decide which payment method is the best and suits the best to your needs.

[Ucy]

Nice write up. People usually forget that those payments processors are centralized services. Bitcoin can easily increase its transaction limits by sacrificing decentralization. Check out other cryptocurrencies that handle more transactions than Bitcoin, they are not well decentralized. I wonder why people don't understand this fact.

[Xenrise]

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?

So you're saying that we should compare bitcoin to Visa that has 10 years of existence(since bitcoin existed 10 years ago)? I got your point but nobody could stop comparing bitcoin to other methods unfortunately :/.

[etherclassic]

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.

Agreed. There is nothing wrong in comparing Bitcoin with the other modes of payment. But at the same time, we need to remember that Bitcoin is not just a payment processor. It is just one of its many purposes.

Yes there are many benefits of bitcoin than another payment method, and bitcoin is better than them in era of internet. Even still there are many people who compare bitcoin with other payment methods, bitcoin is still best due to it is revolution in our currency around the world especially on transparant and the control of our currency in the bitcoin.