Post
Topic
Board Bitcoin Discussion
Re: What's the point of Circle, Bitpay and so on?
by
Mickeyb
on 26/10/2015, 20:31:52 UTC
As far as I know, Bitcoin is supposed to be about ease of use, p2p money, fast, uncompromised, decentralized. What's the point of "payment processors" or whatever those services are called, when to use Bitcoin, all you need is to download a wallet, create any addresses you like, and start receiving payment for your work/pay others for their work? (or donating, or whatever you want to do with your money) without needing to give any personal details, and without the permission of anyone.

What the hell is really "Bitpay" and why is that a market?

I see what you implying to OP so let me try to explain it to you.

We are to small to survive and to grow further without these payment processors, simple as that! These people are necessary for the Bitcoin to grow to the point when we won't need them any more in the future and we will be able to drop them and use Bitcoin as Satoshi has envisioned it.

But I don't think we can make it there without these aids. Do you know how many people would mess with Bitcoin and accept it if it wasn't for Bitpay, not too many, trust me. This gap to the mass adoption is just too big to jump over without payment processors.