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Gaff
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April 22, 2019, 07:46:39 AM |
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We can't stop people to compare bitcoin to other modes of payment because bitcoin in the first place was actually made as a mode of payment. The difference is just bitcoin is a multifunctional and decentralized digital currency. People will keep comparing it especially when they're not well informed about what cryptocurrency really is.
Comparison was just a normal thoughts, coming from every person who seemed to observe the differences of the two things. Usual payment methods always involved fiat money, that has been used to basic commodities. Btc's underlying popularity these days will always have to overtaken the advantages that has been pushed through by digital currency compared to fiat physical currency which is paper money. |
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DBronze98
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April 22, 2019, 07:52:07 AM |
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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.
We should stop comparing Bitcoin to other popular online payment platforms. Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day. Bitcoin attracts interest because it is the preferred portfolio of investors because it generates profits and the payment platform does not. |
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CBANX Ltd.
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April 22, 2019, 08:50:55 AM |
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Yes, Bitcoin payment methods are different than our traditional payment methods and comparing both might help to overcome the loopholes in both the systems.  |
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jakezyrus
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April 22, 2019, 09:06:52 AM |
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Yes, Bitcoin payment methods are different than our traditional payment methods and comparing both might help to overcome the loopholes in both the systems. Bitcoin is a currency and traditional payment methods is also a currency . both are the same the only difference is thier characteristic or form because bitcoin didnt have a physical shape while tradtional payment system does have . thats the reason why bitcoin is commonly compared to traditional currency but comparing them does not solve loophole problem because both currencies does not have a loophole . |
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gilangIDR
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April 22, 2019, 09:18:22 AM |
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people will know which is best. Comparing is a common thing because everyone will know the weaknesses and strengths of each financial transaction media.
In this era of technology, Bitcoin has many advantages and I am sure that many people will agree with that.
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jake zyrus
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April 24, 2019, 07:08:32 AM |
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We can't stop ourselves from comparing things to other. It help us in making wise decision and comparing bitcoin to other can be good to see the positive and negative sides that helps in choosing what they think is the best among each payment methods. The fact that bitcoin is being compared to visa (that was established in late 1958) can be seen as a good thing because they're comparing it which means bitcoin is capable of competing with it and can be seen as a threat to them.
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ubay
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April 24, 2019, 07:37:55 AM |
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I think the development of bitcoin is very fast compared to other payment instruments, Visa etc. developed by rich people who will certainly get profit at the beginning of their investment. But bitcoin and visa, mastercard, alipay etc. are something different.
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n0ne
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April 24, 2019, 10:20:52 AM |
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Both were entirely different when it comes to payment access, bitcoin needs confirmation which happens through the block addition while with other payment gateway the confirmation will be done by some third party support providers. As of now rather than bitcoin as a payment source it has more other functionalities.
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0t3p0t
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April 24, 2019, 12:55:12 PM |
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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.
I totally agree. And I don't care if people will continue to say something like comparing Bitcoin into another payment methods because in my case Bitcoin is more convenient than any other to be honest. I don't need to spend time to fall in line just to pay for bills or use and buy goods and services online. Transactions are safe because our local exchanges are regulated by the central bank so we're good to go. |
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jak3
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April 24, 2019, 01:03:42 PM |
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You know why people hate those other payment methods, its because they are not for us. They are simply big businesses running and making a profit. Do you think banks can return the money deposited in them? No, they can not. They only able to pay you because only you want to take out your money but imagine if 50% of people who have deposited money in bank want their money back. Then banks cannot pay you. as because they have lent your money to others without your permission.and you can this legal.
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alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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April 24, 2019, 01:07:03 PM |
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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.
We should stop comparing Bitcoin to other popular online payment platforms. Because Bitcoin was created ten years ago and has never upgraded, its platform is outdated and will not be comparable to updated platforms every day. Bitcoin attracts interest because it is the preferred portfolio of investors because it generates profits and the payment platform does not. Bitcoin was upgraded with the Lightning Network - it's just that it doesn't work that well. And alts that DO work arn't getting much publicity. |
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DreamStage
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April 24, 2019, 01:18:57 PM |
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Well they are all payment methods, you can use Bitcoin to pay several services as those old payment systems still continue available...
It's just that if Bitcoin or any other cryptocurrency payment service is available along with those old payment systems we should compare them as providing some sort of feedback between both.
Free Speech my friend
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annango
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April 24, 2019, 01:23:14 PM |
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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.
I totally agree. And I don't care if people will continue to say something like comparing Bitcoin into another payment methods because in my case Bitcoin is more convenient than any other to be honest. I don't need to spend time to fall in line just to pay for bills or use and buy goods and services online. Transactions are safe because our local exchanges are regulated by the central bank so we're good to go. The main reason why people tend to compare bitcoin with other payment methods is bitcoin has a big talk in terms of that, furthermore they wonder whether or not they should choose bitcoin or others. Making a comparison is kind of normal in crypto market, even all people have their our right to give their opinion, no one can prevent anyone from presenting their idea. Inherently everyone has their own point of view even just for the sake of doing it, we should respect the idea of one another. |
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MakeMoneyBtc
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April 24, 2019, 01:40:14 PM |
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You know why people hate those other payment methods, its because they are not for us. They are simply big businesses running and making a profit. Do you think banks can return the money deposited in them? No, they can not. They only able to pay you because only you want to take out your money but imagine if 50% of people who have deposited money in bank want their money back. Then banks cannot pay you. as because they have lent your money to others without your permission.and you can this legal.
Banks are only using our money to make more profits and i dont think thats quite fair since this means we dont anymore have freedom to do whatever we want with our own money. I think its time that people wake up and start realizing that banks dont care about their users and the only thing they care about is their money. |
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swordling143
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April 24, 2019, 01:57:47 PM |
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Comparing BTC to other modes of payments is common for the reason that we can use BTC to send and receive payments as well. And it's through comparing that we can figure out each of their advantages and disadvantages. I am not disregarding the fact that BTC is something totally different. It's decentralized and doesn't involve any third party. I just wanted to point out their similarity, which mainly explains why there is a comparison to begin with.
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maculeth
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BountyMarketCap
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April 24, 2019, 02:19:29 PM |
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for other online methods, the path is almost the same, only bitcoin does not involve third parties. it makes peer to peer transactions, and makes anonymous and smaller bitcoins likely to be fooled.
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hahahafr
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April 24, 2019, 08:46:07 PM |
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Well i think there is a reason why crypto enthusiasts make the comparison between BTC and other payment methods. Bitcoin is very slow when used to make payment unlike that of Visa, Master card and all the other electronic payments. Crypto enthusiasts wish to see bitcoin transactions also being fast if we ever dream of bitcion being used globally for making payments.
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incomefromcoins
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April 30, 2019, 08:31:31 AM |
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Even after 10 years of Btc lunch still, we are seeing comparing BTC with every new payment processor this kind of comparison will confuse new investors even though this comparison will lead no competition for btc in near future
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stfN2128
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April 30, 2019, 08:53:34 AM |
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Even after 10 years of Btc lunch still, we are seeing comparing BTC with every new payment processor this kind of comparison will confuse new investors even though this comparison will lead no competition for btc in near future
wrong. if you don't compare bitcoin with other payment processors new investors have no idea why they should invest in btc... if he/she has no idea why bitcoin is better than other ones. if you don't see any benefit of investing and why btc will increase in value in the future, why should you invest? Makes absolutely no sense. |
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pey
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Free Crypto in Stake.com Telegram t.me/StakeCasino
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April 30, 2019, 02:21:38 PM |
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Correct me if I am wrong but if you go and read Bitcoin whitepaper then you can compare Bitcoin to other payment methods and Bitcoin sucks. But you talk about decentralization and other aspects of bitcoin, so then it is more than a new payment method, it is a revolution one cannot compare to visa...
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