This seems like groundhog day, because of the number of threads or comments I see every day in the forum.

I do not believe that it is a global payment method for all payments first because there is the problem of scalability, second because Bitcoin is valuable and it does not make sense to spend Bitcoin and keep alternative payment methods, such as fiat currencies or shitcoins and third because the trend that leads the history of Bitcoin tells us that it is not so. It was created as a P2P payment method but it is succeeding more as a store of value than as a means of exchange and I have no reason to think that this will change in the future, on the contrary, what I think is that as the price continues to rise and there is more and more scarcity of Bitcoin will consolidate even more as a store of value.

You can already get debit cards that use crypto accounts, you just have to swap the crypto into fiat for the card. We are closer than you think my friend.

Due to the volatile nature of bitcoin, it has been used more as an investment rather than a payment method and I wouldn't blame investors for this,after they have understand the value in it and the price movement. Nobody will love to use a valuable assest for payment when there is fiat currency or some valueless altcoins. It means that you are not aware about the potential of bitcoin and how it can be used to hedge against inflation. Fiat is depreciating and it is more better to use fiat for daily spending than bitcoin. It is only some companies that pay their workers with bitcoin, because they are rich and have enough of it or better still they are promoting bitcoin to be used as a payment method. As time passes,bitcoin becomes more scarce and every bitcoin holder will appreciates their bitcoin to use as an investment and a store of value rather than using it as an alternative payment method.

XRP and other shitcoins are centralized, it's why the banks don't have any problem to create a partnership with them. Bitcoin is different, when the government want to regulate it as a commodity or legal tender, there's a drawback about decentralization and pseudonym for them, so they need to think carefully.

You need to know digital fiat was exist since few years ago, you don't have to pay any fee.

Comparing digital fiat/cash/credit card where you need to pay fee every month with Bitcoin where you need to pay fee for every transaction you make is really not make sense.

Comparing bitcoin with centralized altcoins like XRP is not ideal. Bitcoin is not competing with them because they have different purposes and targets. The people who know the advantages of bitcoin will always use it and its usage keeps growing over the years, not just among the old timers but newcomers. I don't also think that we should compare a centralized payment system with bitcoin. Bitcoin was not created to partner with any intermediary but for P2P transactions.

However, volatility and government regulation are all barriers to the adoption of bitcoin as a currency. People will not be willing to hold a currency whose worth fluctuates easily. Except the currency gains stability in the future, it might not be suitable to be used as a currency by most people. Also, I am sure that more people will be willing to use bitcoin if the government doesn't restrict its usage. Decentralization is not a weakness of the currency, in fact it is what makes Bitcoin unique.

Similarly have read close related threads with similar responses.


Satoshi's plan for BTC is unique from what bitcoin users think of BTC. Trend followers invest to gain extra profits because of the constant increase in the price of bitcoin. People also hold Fiat in the face of inflation, which means that anything with value will have to be held by people. Not only bitcoin. Calling bitcoin an investment scheme, wasn't the initial idea of its creation. Since, people made profits out of bitcoin, everyone else wants to partake in the profits that follow bitcoin trend.

That is a question others also asked. Bitcoin was created to pay goods and services online but that aspect of it is not utilized as of the investment part. People also make an assumption that it is because of the transaction fee they could not used and accept it. And if bitcoin is inculcated as one of the payment method in the international market then people will using not to transact frequently and that will also make the adoption very high.
Yes people are using banks for online transaction Instead of bitcoin because banks transactions are free but bitcoin transactions are not. It is only when you have coins in exchange and you send it to another person that, the exchange platform do not charge and not all exchange are free. Some of the exchanges even per to per is charged. So for bitcoin to be use as international payment method is not yet realized.

Isn't there already companies that accept Bitcoin as legitimate payment?  I can buy items with Bitcoin on the internet.  I can pay my bills through Bitcoin.  If you can't consider that legitimate payment method then explain to me why it is not?


Eh???  Maybe many of us here don't use Bitcoin as a payment system, but as a bitcoin holder, I have been paying my items through Bitcoin for years, others of my transaction may go through a third-party processor but still, it shows that we can use Bitcoin as a payment method.

Didn't it remain as a payment system? It always has does.

How about you getting paid for your campaign? That's one perfect example of it.

Whilst for Bitcoin, there's no need for any partnership or integration. It is already a payment system but with its use, that has made it another use of it which is an investment. The use of it as a payment system for P2P has never been gone.

It is because not all of the people in the world like Bitcoin. Even if it's accepted in almost every country, there will still be haters and bashers of it that prefer the traditional system and even us, we can't skip yet the usage of it.

What's the achievement of XRP and Chain Link? Comparing it to Bitcoin is like comparing oranges and apples.

No. Maybe it's just a few of you guys that are thinking like that. Bitcoin has never gone its purpose for being a payment solution and so if it's also a store of value, those altcoins you've mentioned are also playing the same thing.

Initially Bitcoin was meant to work as a payment system because Satoshi introduced it as a p2p payment system but after sometime people realized that Bitcoin can be a great asset for investment purposes. The investors started investing money into it and as more money came into Bitcoin the value of it increased overtime. Now in current times it works as a store of value and also as a p2p payment solution, but it has lost some of its p2p nature due to intervention of centralized exchanges. However, it still works as a p2p payment solution without any doubt.

Bitcoin is still a well known payment solution and many people are using it for that purpose even till this day. If you carefully read the signature campaigns of our forum then almost all of the participants that are working for those campaigns are paid using Bitcoin and that shows us the importance of Bitcoin as a payment solution. The payments made with Bitcoin are still decentralized and transparent at the same time. I don't think that Bitcoin will ever lose its main purpose even if it's value goes above $120k per coin.

Bitcoin also works as a multipurpose solution these days, it's working as payment system as well as a store of value. The ones who invest in it consider it as a store of value while the ones that are being paid with it consider it as a payment system. We can find example of both of those approaches in this forum. The payment system example can be found on the signature campaign threads where participants are paid with Bitcoin, and the asset example can be found on speculation board also on WO thread where people consider it as an asset of investment.