Stop Comparisation with BTC and Other Payments Methods.

[Yaunfitda]

Comparison is inevitable. Bitcoin is touted be the a payment system, specially for those unbank people around the world, so it makes sense to compare them with other services like Paypal. However, we have to take note of one thing: bitcoin is fairly young, the design is very different, so data is irrelevant.

And there are also pros and cons of using bitcoin as payment system. And only the one that differentiate bitcoin with the rest of them is that it doesn't involved any third party. And we can't even compare them based on transactions per second (TPS), it's target market, it's functionalities are very different, so obviously the results will be very different as well.

[izanagi narukami]

Bitcoin has the advantage of fiat but yes, it can't be compare with fiat because they are different.
It's like you're comparing between gold as investment and fiat as legal transaction tool.
Every digital transaction have their own advantage and cryptocurrency has been prove themself that they are totally different and people interest their blockchain technology !

[imstillthebest]

Bitcoin has the advantage of fiat but yes, it can't be compare with fiat because they are different.

fiat and bitcoin are not different because both of them are currency . sure bitcoin has an advantage that fiat dont have but fiat do also have an advantage that bitcoin does not have  . its just give and take , we can call them quits  .

It's like you're comparing between gold as investment and fiat as legal transaction tool.

your comparison is too far away  .  basically we are only comparing simillar things here , for example payment method to other payment method .

overall , there nothing wrong in comparing . its not our problem anymore if people insist to continue comparing stuffs  . if you think crypto is better than anything then so be it  .

[carter34]

Comparing something that people see as new and an existing innovation is an advantage to that which is new innovation, meaning the new has written a name in the annals of history.

Certainly it is bitcoin which is new among the chronology that you have listed that means bitcoin has really grown in these few years. I would say it is an achievement worth comparing.

[lionheart78]

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 :/.

Comparing them is a bad idea, due to the simple reason, Bitcoin is decentralized, while VISA is centralized.

How can it be a bad idea?  Look at this:

We can point out the strong point of an item to other by comparing it to other
We can also point out the weak point from it.
Knowing the advantage and disadvantage of an item/service is always a good thing since improvement and innovations starts from there.
In a competition, it is always best to know the ace of your competitor, with that you can create a plan on how to beat them.  Knowledge is power so to speak.

[minersday]

The basic reason why people compare bitcoin to other payment systems  is because  the general idea behind the creation of Bitcoin was to present a system which allows people to either send any amount of funds or receive any amount of funds from anyone at any part of the world with no third party involvement. So bitcoin operates similar to these other payment systems therefore people do this comparison to identify the differences each platforms provides.

[Bonsaiav]

In fact bitcoin's good and he's one step ahead of other payment methods such as Visa Mastercard Fiat ApplePay SamsungPay and Alipay. However because most governments don't support the existence of bitcoin, this thing certainly makes bitcoin increasingly cornered in its use and is difficult to grow due to government law which tends to complicate its performance. That's why most of the bitcoin users use it more only as an investment asset.

[conected]

Bitcoin is being noticed by many people, that is the cause of comparison.
If there will be such that then there is no fame or demand on the coin.
Aren't we happy that the top companies are being compared to BTC?

- Well, bitcoin is really popular and is used by many people around the world, I am not too surprised that many people are comparing the features of bitcoin with other things but at least when people start to compare, they should understand the purpose that the product is created, look for the highlights and disadvantages of that product, from which to choose the product that suits the needs and purpose. I talk about this because I see a lot of people appreciate a product then criticize other products but they only look at one aspect of the problem, they lack the overview, they should review it

[NavI_027]

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

You have a good point in there but unfortunately, toxic comparisons are happening more often. I mean, the cons of btc disgaree to it up to extent that they do anything just to bring bad inpressions into it. They say it was a scam, unsafe, a bubble, and other malicious things without even showing concrete evidences and sometimes they do it just for their own advantages (best examples are bankers).

I think this way of thinking is inevitable because each one of us got their own evils within. People always find wrong things in a particular thing, I guess the only thing you can do is to ignore those kind of people and don't get affected.

[qwertyup23]

Comparison is indeed healthy (like what most people stated) as it addresses the grey areas that the other party is superior to. Although Bitcoin is a decentralized system as compared to Visa, Paypal, etc. who is centralized in nature, both appear to be mediums in-exchange for products/services digitally.

No matter what the comparison may be, we should not stray away from the fact that Bitcoin has its own revolutionary platform that no other payment method can match. The only hindrance in achieving its potential are its legal status and acceptance of the government. But these are factors that will soon be addressed in the near future.

Comparing something that people see as new and an existing innovation is an advantage to that which is new innovation, meaning the new has written a name in the annals of history.

Certainly it is bitcoin which is new among the chronology that you have listed that means bitcoin has really grown in these few years. I would say it is an achievement worth comparing.

I am pretty sure when Visa or paypal was introduced, it received the same attention and comparison from the same existing payment platform. The emergence of bitcoin and its comparison to others is inevitable and should be treated as an advantage in order to know its positive and negative implications.

[XCANA]

Personally, care more less in effort to compare Bitcoin to other payment methods because have been using almost all payment method and have come to the point in which; the positive and negative sides of both payments are well known to me. Bitcoin payment method have captured my mind because of the time frame at which it transactions are done on the Blockchain. 

[LeGaulois]

People don't care about centralized or decentralized and they're not really interested to know.

What matter for them is how user-friendly and easy is it to use. Since people mention Paypal here take a look at the company. It's so easy and convenient to use than even grand'pa can use it. That's why it's the most popular payment processor to use online.
Then, take a look at Visa (or any other network) it's easy to use, you don't even need your PIN with NFC, you can customize the settings and so on. People have a card in their pocket and can pay for everything. (almost)
For centuries we have adapted to new currency forms (and payment methods) according to the history's periods and how convenient it was to use at that time.

Bitcoin also has to compete with that, if people have to use a Linux Terminal to send a Tx and it takes 4 hrs nobody will adopt it. Currently, BTC cannot compete with Visa for sure but what I know is with the R&D you will never know what BTC can do in the future (let's say in 10 years from now, which will come fast)

[ranman09]

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

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

[n0ne]

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

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

Bitcoin as a payment source isn't much accepted around the world, because the entire percentage of bitcoin users around the world seems to be around 1-2%, by 2020 it is predicted to touch 5% and around 10% people know about cryptocurrencies. As the usage level increases the technology gets updated and same gets importance as Payments.

[eaLiTy]

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].

The number of transaction being carried out in Visa and other payment platforms are really huge and you cannot compare it to bitcoin at this stage and we need to change some fundamental things to see those kind of transactions being carried out on a daily basis, it is always good to have a good healthy viable solutions like bitcoin that could interfere some big corporate monopolies who are controlling the market. There is still a big hurdle when it comes to purchasing bitcoin around the world and when that becomes smooth then we can compare it without other payment methods.

[freedomgo]

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

On a consumers standpoint, all are just ways of payment. So I think the comparison is just based on how usable or good or even perfect a system is. Most people never know or even care about their history, they care about how these companies cope with the new technologies and serve them better.

Bitcoin cannot accommodate majority of the people at its current standing.
When it comes to payment system, this way we can gain adoption, but comparing to other payment system, we are still young.
Thing is, they are regulated and we are not, they are stable and we are not, people who just transact online does not want to take risk on volatility.

[BeGoods]

People usually compare things with the other ones if they have the same functions. In this case when we are using Bitcoin to send money to each other, buy something or pay the bills then it is used as a payment system. And to get any developement as payment system it should show some benefits against its competitors.

So it's actually there is no problem comparing bitcoin to its competitors as long as it has the same function, isnt it ?
users have the right to know what bitcoin has and its flaws, do not restrict user discussion..

[xvids]

Bitcoin is a very unique one it is the first decentralized currency if I am not mistaken.
So let's not compare it with other payment options because every payment option has their own system and ways.
But for me it is the best because it is decentralized and it is fast we could transfer money from all over the world in just few clicks.

[muratsink]

no sir. Comparing BTC payment methods with other payment methods is very important. the aim is to get the value of benefits from both methods. so the public can choose transactions that are easy, simple, safe, and also save costs. I often make simple discussions with the public about future currencies. one of the themes being discussed is about payment methods.

[Slow death]

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

this: "comparing things..." has always been the favorite thing of most people living on planet earth, we compare the size of our house with our neighbor; we make comparisons between countries (who is the richest country in the world and who is the poorest country in the world); we make comparisons of who is the richest in the world; for people everything is a comparison, then it was something already expected that they would make comparison between the payment methods.