FlightyPouch
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September 11, 2020, 01:46:38 PM |
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I am looking forward to see that digital currencies will take fiat money's place in the future or to be a solid alternative for fiat money. I would prefer spending some Bitcoin on supermarkets etc. and also saving Bitcoin. Also, Bitcoin payment option can be found in various places now but it is not much prevalent all around the world.
Well, I think digital currencies will be taking over fiat money but I don't think it would be bitcoin itself. It would be a digital representation of the fiat currencies that we have now, but still, fiat will continue to be used in other places as well since not all of the countries could eventually shift to digital currencies. There are a lot of things to consider and one of them is the technological state of that country which is a problem in third world countries.
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sayulita
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September 11, 2020, 01:51:17 PM |
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I am looking forward to see that digital currencies will take fiat money's place in the future or to be a solid alternative for fiat money. I would prefer spending some Bitcoin on supermarkets etc. and also saving Bitcoin. Also, Bitcoin payment option can be found in various places now but it is not much prevalent all around the world.
Well, I think digital currencies will be taking over fiat money but I don't think it would be bitcoin itself. It would be a digital representation of the fiat currencies that we have now, but still, fiat will continue to be used in other places as well since not all of the countries could eventually shift to digital currencies. There are a lot of things to consider and one of them is the technological state of that country which is a problem in third world countries. A lot of countries aren't having a reliable network connection everywhere in their country so it will be quiet difficult to shift to the digital payments and what I think that this shift from fiat to cryptocurrencies might take a lot of time as there are still many countries where there isn't any option for its citizens to pay digitally and once we achieve this then we can go for acceptance of cryptocurrencies worldwide. Only workaround currently is using the debit cards powered by bitcoin and other cryptocurrencies that charge a fee for the conversion but it can do good for a while until the mass adaption.
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tulpe123
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September 11, 2020, 02:30:54 PM |
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You can order crypto debit card and pay via it everythere. This will be much faster than waiting for a mass adoption
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Renampun
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September 12, 2020, 05:39:40 PM |
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patient, in the next few decades, I believe we can use Bitcoin to shop in supermarkets... You can order crypto debit card and pay via it everythere. This will be much faster than waiting for a mass adoption
this time, using a credit card/debit card today is certainly much easier and faster while waiting for bulk adoption.
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gmakaveli
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September 12, 2020, 05:46:21 PM |
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This might not happen even in a decade, but I'm sure more and more small businesses will massively support BTC in upcoming years, especially as USD gets less and less trustworthy
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masphie
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-= OI =-
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September 13, 2020, 02:33:40 PM |
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If this happens, will the government just keep quiet ? or will give a warning ? or will support the program?
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-= OI =-
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VanityWallets2015
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September 13, 2020, 04:38:29 PM |
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If this happens, will the government just keep quiet ? or will give a warning ? or will support the program?
It depends on the country some may accept it, some are not since they consider it illegal. In my opinion they will first issue a program more like credit card or something that is cashless I think last thing might be happening is this cryptocurrency but we are not sure maybe some markets accept both credit/debit and cryptocurrency.
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Xxmodded
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September 13, 2020, 05:24:52 PM |
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Using bitcoin as payment currency on supermarket depend with your country rule will allow bitcoin or not, supermarket will take their permission if allowed using bitcoin as payment currency without get legal from government. I think how to promote bitcoin and altcoin well as good currency payment at the future by faster, worth and more friendly using by every one. After getting how worth and most benefit using bitcoin as payment currency will have any country there accepted and allowed using bitcoin as legal payment.
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bryant.coleman
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September 13, 2020, 06:19:33 PM |
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You can order crypto debit card and pay via it everythere. This will be much faster than waiting for a mass adoption
You definitely have a point there. But there are practical difficulties. 6-7 years ago, purchasing a crypto debit card was relatively easy. There used to be a lot of options out there. But new regulations from the Financial Action Task Force (FATF) changed everything. There are still 3-4 options available, but you need to go through all sort of KYC verifications to become eligible to purchase one. The fees has also increased by quite a bit.
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Kez1817
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September 13, 2020, 06:29:44 PM |
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
There is a perfect time for that. Bitcoin development is step by step and not unexpectedly, it has a process including the adoption of many people so that bitcoin will become more useful in many ways, including the acceptance of the government in bitcoin and other cryptocurrency.
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Axelseseclevz
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September 13, 2020, 06:44:14 PM |
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
In some other places there is already Bitcoin ATM machine and some business establishment and stores already accepting bitcoin. Hoping that someday i can also use bitcoin everywhere and can get paid with bitcoin as long as it has still a higher value.
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target
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September 13, 2020, 07:06:47 PM |
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
In some other places there is already Bitcoin ATM machine and some business establishment and stores already accepting bitcoin. Hoping that someday i can also use bitcoin everywhere and can get paid with bitcoin as long as it has still a higher value. The possibility that the digital currencies are going to be accepted more than the cryptocurrency is higher. BTC is just too much loss for them once the fluctuation slides down. They'd rather prefer tha stablecoin if thisis the case but ifthere digital currencies are available and can be used to widely, the goceries and other stores will surely use them. Just think of the situation when the bear market will stay for more than 2 years just as it did in 2018, the loss of the stores who accepted BTC when the time its price is on ATH will force them to shutdown.
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Cryptoreflector_666
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September 13, 2020, 08:05:40 PM |
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
In some other places there is already Bitcoin ATM machine and some business establishment and stores already accepting bitcoin. Hoping that someday i can also use bitcoin everywhere and can get paid with bitcoin as long as it has still a higher value. The possibility that the digital currencies are going to be accepted more than the cryptocurrency is higher. BTC is just too much loss for them once the fluctuation slides down. They'd rather prefer tha stablecoin if thisis the case but ifthere digital currencies are available and can be used to widely, the goceries and other stores will surely use them. Just think of the situation when the bear market will stay for more than 2 years just as it did in 2018, the loss of the stores who accepted BTC when the time its price is on ATH will force them to shutdown. Absolutely true-the volatility of bitcoin is the most important factor against bitcoin reaching the level of household payment in everyday life. However, in the future, bitcoin may become more stable, due to competition from other alternative coins, and then it may well be brought to a broader and official level. Legally, this is not yet practiced.
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Igor17Krik
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September 13, 2020, 10:05:51 PM |
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I also want to pay with my cryptocurrency. It seems to me that unfortunately this is not possible. I hope this happens sometime. Let's believe it!
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Wawa2013
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September 13, 2020, 10:16:22 PM |
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I also really want to use Bitcoin at the supermarket. Not only that, it would be great if I could use Bitcoin for transactions to buy goods in various large market places on the internet. Like Amazon, Ebay, Alibaba, Rakuten and others. But maybe this will happen a few years from now, the most important thing is that the government must start accepting Bitcoin as payment. What makes me sad that currently there are very few countries that accept Bitcoin as payment.
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bryant.coleman
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September 14, 2020, 03:58:24 AM |
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I also really want to use Bitcoin at the supermarket. Not only that, it would be great if I could use Bitcoin for transactions to buy goods in various large market places on the internet. Like Amazon, Ebay, Alibaba, Rakuten and others. But maybe this will happen a few years from now, the most important thing is that the government must start accepting Bitcoin as payment. What makes me sad that currently there are very few countries that accept Bitcoin as payment. Online retailers such as Amazon and Ebay are unlikely to accept Bitcoin as a mode of payment, because they have partnerships with PayPal and Visa/Master. Also in case of Amazon, they have their own payment gateway known as Amazon Pay. Bitcoin is a competitor for Amazon Pay and this explains why Amazon is reluctant to allow it in their platform.
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Swordsoffreedom
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September 14, 2020, 04:26:10 PM Last edit: September 15, 2020, 02:23:35 AM by Swordsoffreedom |
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I also really want to use Bitcoin at the supermarket. Not only that, it would be great if I could use Bitcoin for transactions to buy goods in various large market places on the internet. Like Amazon, Ebay, Alibaba, Rakuten and others. But maybe this will happen a few years from now, the most important thing is that the government must start accepting Bitcoin as payment. What makes me sad that currently there are very few countries that accept Bitcoin as payment. Online retailers such as Amazon and Ebay are unlikely to accept Bitcoin as a mode of payment, because they have partnerships with PayPal and Visa/Master. Also in case of Amazon, they have their own payment gateway known as Amazon Pay. Bitcoin is a competitor for Amazon Pay and this explains why Amazon is reluctant to allow it in their platform. You are right brother. Amazon and eBay are less likely to accept bitcoin as a payment method. But if the use of bitcoin increases around the world, the I hop all online shop will accept bitcoin as a payment method. Because they think of the convenience of the customers first. So, we should all work for the spread of Bitcoin from our own place. But before that, Bitcoin needs to be legalized in some large economical country like China, USA, Russia and India. I hope if they legalize BTC then the BTC will spread more easily. And the value of BTC will increase more.
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bitbollo
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Nec Recisa Recedit
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September 14, 2020, 05:22:13 PM |
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I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins. Or I have sent some coins to a friend that was paying for me in cash. I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O ) If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup it was easy pay there with my crypto.
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Vishnu.Reang
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September 14, 2020, 05:36:23 PM |
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I have already payed in a supermarket using bitcoin some years ago. But I used a debit card loaded with some coins. Or I have sent some coins to a friend that was paying for me in cash. I don't think at current status this could be possible, we need LN or other implementation since it could be very hard and expensive pay at groceries with coins (imagine wait for at least 1 confirmation ... :O ) If I remember correctly, I payed some "aperitifs" just with coins... but I was in a bitcoin meetup it was easy pay there with my crypto. If you used a debit card which can be loaded with Bitcoin.... then I am sorry to inform you that you made the payment in fiat currency and not using cryptocurrency. I also have a debit card issued from Wagecan, which I use to make payments and ATM withdrawals. But here, the transactions are being done in fiat currency. As soon as I load my card with Bitcoins, they are converted in to fiat cash. Direct payment using Bitcoin is still very rare.
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desticy
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September 14, 2020, 09:03:44 PM |
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Whether you can wait or not, you have to. And it is far from possible that something like this will happen in the near future or will happen at all. By the way, in some countries, such as the Philippines, I think this innovation will be one of the first. So all you need to do is move to another country. As for the more developed countries, banking and financial regulators cannot afford to let cryptocurrency into everyday life so easily.
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