How did we got here?

[Vvang]

Why are crypto payments still terrible? 😭

A president of a country has better items been built in his country, people from out the country needs their type of products and they will have to pay money, it's not for free but yet they come will a plan to not support or allow other countries to benefit from their product.

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

[promise444c5]

Let it out..

BTW, can you mention  where you experienced a shitty show or it’s a country thing . Personally, I haven’t used crypto on many services besides buying domains and related services.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Likely.. maybe worse , no one knows for sure.
P2P is still there. I have a friend who help me get some gadgets from his side in a different country , ships it to me while I paid using USDT..  you can easily do that with Bitcoin as well, more reliable than using USDT.

[Ambatman]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Was it possible before and later changed?
Bitcoin has been same as what it was years ago
It didn't change.
It can be used to buy goods
You not being able to isn't Because of Bitcoin but because the other party doesn't accept it.
It doesn't really have anything to do with Bitcoin.

[aoluain]

We dont know what country the OP is in but its possible everywhere to use a P-2-P exchange
like HodlHodl. Exchange your Bitcoin for FIAT with another person and buy what you want.

Alternatively you can avail of a Bitcoin payment card like bitrefill but then you go down the road
of handing over your personal details.

We are a very long way off traders and merchants accepting direct Bitcoin payments for their
goods and services.

How did we get here? well Bitcoin still does what Satoshi invented it to do, its up to everyone
and everyone to adopt it.

A purely peer-to-peer version of electronic cash would allow online payments to be sent
directly from one party to another without going through a financial institution.

[_act_]

I can understand you, you mean bitcoin and crypto to be used to buy things but everything is centralized. But you get that part wrong because the P2P part of crypto will not involve an exchange or anything centralized. It should be between you and another person directly without any middle man. Some people still buy some things from people using bitcoin if they both accept.

[Franklyn-wood]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Was it possible before and later changed?
Bitcoin has been same as what it was years ago
It didn't change.
It can be used to buy goods
You not being able to isn't Because of Bitcoin but because the other party doesn't accept it.
It doesn't really have anything to do with Bitcoin.

Not being able to buy goods with your Bitcoin is not because you can't buy good's using Bitcoin but because it has not been officially legalized to be used generally as a legal tender by the government of this countries, maybe for the fear of Bitcoin taking over fiat and making looks useless and if this happens, the government won't be able to control it in and out flow and also monitor citizens financial records for taxability and control, due to it decentralized nature.

[Livingleged]

I think this is more about how you adopt the use of bitcoin, If you’re using it on a centralised exchange then you may have the challenges of restriction but if you want to go by how bitcoin was created and to be used, it’s decentralised and you can use it to buy anything from anywhere as long as your business partner is willing to accept it as means of payment.

There are a lot of countries that put a ban on the use of bitcoin but they can only do that to the centralised exchanges because the decentralised ones cannot be manipulated my the government or any form of political power, I’ve said it before if only everyone can go fully decentralised then we won’t have issues using bitcoin or worrying about any kind of restrictions.

[PrivacyG]

What stops you from spending Bitcoin any where in this World?  You can get a no Know Your Customer card, you can exchange it Peer to Peer, you can do a lot of things.  Bitcoin will realistically never be a Fiat replacement in the actual sense.  It does not mean it has failed, in fact it is getting better than it ever was and Third Parties who do not want to support us are not blocking progress in any way in my opinion.

I can still send you Bitcoin, you can still send me some.  Where is it failing?

[Stalker22]

You are asking "how did we get here" as if governments ever promised to play nice with decentralized money.  You really need to wake up.  No president or system would voluntarily relinquish control  of their financial borders.  They dont want a borderless, uncontrollable internet money bypassing their taxes, sanctions, and regulations.  Centralized systems are corrupt by design since corruption is what centralized systems are designed for.  To expect them to suddenly endorse Bitcoin so you could buy from all around the world is extremely naïve and unrealistic.  
 
It will never happen unless a local fiat currency completely hyperinflates to the point of collapse, forcing the population to dump the local trash money and start trading in Bitcoin out of sheer survival.

[ColdLava40]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Well adoption is one major thing still holding Bitcoin today.

As time goes on, our hope is that people get to use Bitcoin aside from being an investment. Bitcoin was also created to be used as a medium of exchange. A tool for our day to day activities but a good number of people only use it for long term investment plans.

Many countries allow the use of crypto but it is not wildly accepted in different fields of transactions. That was why I said adoption is one thing that Bitcoin still lacks and has to be conquered.

[Alphakilo]

Why are crypto payments still terrible? 😭

A president of a country has better items been built in his country, people from out the country needs their type of products and they will have to pay money, it's not for free but yet they come will a plan to not support or allow other countries to benefit from their product.

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

You are asking "how did we get here" as if governments ever promised to play nice with decentralized money.  You really need to wake up.  No president or system would voluntarily relinquish control  of their financial borders.  They dont want a borderless, uncontrollable internet money bypassing their taxes, sanctions, and regulations.  Centralized systems are corrupt by design since corruption is what centralized systems are designed for.  To expect them to suddenly endorse Bitcoin so you could buy from all around the world is extremely naïve and unrealistic.  
 
It will never happen unless a local fiat currency completely hyperinflates to the point of collapse, forcing the population to dump the local trash money and start trading in Bitcoin out of sheer survival.

Governments and all state aligned corporations would keep on restricting crypto currency payments because they want to protect their own fiat currency, because they want to keep getting revenues or control capital flight. They really don't care as long it suits them and their policies.
The true borderless commerce is happening via P2P network and our native Lightning 2 network which makes payments across borders possible on a grassroot level without fear of sanctions or lawsuits because it bypasses the middle man protocol, thus making the government not have a leverage over such transactions.

There is still major adoption ongoing but businesses need to realize the importance, adoption and abilities of a self sovereign money like Bitcoin which is permissionless, immutable, decentralized and has value over fiat when inflation weakens a countries currency.

[Zoomic]

Are we expecting Bitcoin alone to solve international trade restrictions? Is that even realistic?

Bitcoin is borderless so you can make payment to any country through it but the seller will still has to consider some factors like taxes, import/export laws, sanctions and legal risks of serving certain countries.

Yes, we know that Bitcoin removes payment barriers but that doesn't mean it also removes political and legal barriers.

[Cleanslate_]

Why are crypto payments still terrible? 😭

A president of a country has better items been built in his country, people from out the country needs their type of products and they will have to pay money, it's not for free but yet they come will a plan to not support or allow other countries to benefit from their product.

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

Don't be in a rush it will definitely happen, everything has his own time and season, this is not where Bitcoin was ten years ago, with time all its purpose will be achieved, our country leaders are just being scared of losing fiat because it is easily used by them in terms of corruption.

[rat03gopoh]

As you're writing this thread with an internet connection, how can you feel like Bitcoin isn't supporting you at the same time? Which one is actually legally bound?
If you ask anyone on the Services board about Bitcoin payments, almost 100% will say they're satisfied.

the only reason why crypto still feels like home is because of Bitcoin existence.

Make this forum your 2nd home, and feel free to pay for anything with Bitcoin.

[uchegod-21]

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

This is not supposed to be strange to you because it has always been like that. You can call it an abuse of power, but the government will always put restrictions on issues that concern them, and that includes international trade. Bitcoin is not the problem here; it is still retaining and maintaining its borderless asset qualities.

If you are asking how we got here, you should already know the answer because the government being in control is not new. Hopefully, since it seems that some governments are becoming Bitcoin-friendly, they might lift some restrictions on international trade and make it easier for bitcoin borderless transactions.

[Rustam Meraj]

Pointing to the decentralized arena and claiming that centralized payment processors are the ones that create tight money barriers are totally wrong. As third party applications add traditional corporate censorship to digital assets, they bring back the very political censorship and random restrictions at borders that open source technology was designed to break down.
​So I am not really sure what it is about this idea of smooth global trade, that people think that restricted commercial platforms are going to want to do that and not be weighed down by  legal compliance pressures that the governments impose on them. Truly free crypto layer is at the base level: person-to-person settlement is without corporate gatekeepers. As long as the users are dependent on middlemen, which are central authorities, and not directly on independent network, there will be artificial obstacles from commerce side to the borderless international commerce.

[seoincorporation]

Bitcoin is a P2P technology, no governments are involved in the transactions, a decentralized project made to skip the legal protocols. When you say that you can't make transactions in your counry, let me remind you that you can use a VPN and navigate from any country. And if the problem is something like the kyc then you are blocked from exchanges but not for pushing a transaction in the blockchains.

And bitcoin can become a centralized thing, if someone holds more than 51% of the mining power then he will hold the blockchain. If you want to learn more just google the 51% attack.

[MusaMohamed]

Bitcoin is a P2P technology, no governments are involved in the transactions, a decentralized project made to skip the legal protocols. When you say that you can't make transactions in your counry, let me remind you that you can use a VPN and navigate from any country. And if the problem is something like the kyc then you are blocked from exchanges but not for pushing a transaction in the blockchains.

Bitcoin nodes can be run with normal IP, VPN or Tor.

Bitcoin users can broadcast their transactions with normal IP address or IP address from VPN or Tor without any rejection of Bitcoin mempools, mining pools and miners.

And bitcoin can become a centralized thing, if someone holds more than 51% of the mining power then he will hold the blockchain. If you want to learn more just google the 51% attack.

About 51% attack and Bitcoin blockchain security, an article from Jameson Lopp as well as his calculator can be very helpful, then a website about how many (altcoin) confirmations are equal to 6 Bitcoin confirmations can give some insights.
How many Bitcoin confirmations is enough?
https://jlopp.github.io/bitcoin-confirmation-risk-calculator/?ref=blog.lopp.net
https://howmanyconfs.com/

[toooox.ttox]

Good point about P2P exchanges. I think the bigger issue is education, not access. Most people don't even know platforms like HodlHodl exist. If more merchants understood how easy it is to accept crypto through a P2P layer, cross-border payments would improve a lot faster than waiting on regulation.

[goldkingcoiner]

Why are crypto payments still terrible? 😭

A president of a country has better items been built in his country, people from out the country needs their type of products and they will have to pay money, it's not for free but yet they come will a plan to not support or allow other countries to benefit from their product.

Something they are going to pay for, crypto came and we thought this will be the end of that idea, instead they decided to not support many countries, this is exactly why I hate anything centralised, the abuse of power is too much.

If Bitcoin was centralised all hell would have broken loose, maybe you and I will be saying that this crypto thing is not necessarily to exists, the only reason why crypto still feels like home is because of Bitcoin existence.

That aside, is this how things will keep going now? You can't use Bitcoin to buy my country goods and I can't use Bitcoin to buy your country's goods and products? How did we get here?

The adoption is slow but this is the case with any new technology. Look at where we were 10 year ago. Most people and governments only started looking at Bitcoin. And it was still not anything they thought would grow big.

Nobody knew it would go from 300 USD per Bitcoin to 120000  USD per Bitcoin. Nobody would have even dreamed this. And now? Now we have laws and regulations around Bitcoin and cryptocurrency.

We have governments, entire countries and giant institutional investors hoarding Bitcoin like the digital gold it is....

All this in only 10 years and you think we are still nowhere? Imagine what it will look like after another 10 years.