Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will NOT surpass traditional methods of payment. Convince me.
by
LogitechMouse
on 24/01/2020, 13:23:56 UTC
There are some pros to having Bitcoin as the future method of payment however there are some cons too.
Any currency have pros and cons. The first currency that the old people used is their items. They did the barter or trading of goods and other things and it has pros and cons too. After that the people created a coin and it has too and until now, the current that we are using right now which is fiat has pros and cons too. This goes with Bitcoin too. It also has pros and cons too Smiley.

It would be interesting to see why you think Bitcoin (or other cryptocurrencies) will surpass traditional methods of payment (Cards, Bank transfers, payment gateways etc.). Or if you think they have no future please share why.
At first place, Satoshi didn't said in the whitepaper that "it will surpass traditional methods of payment etc." It is stated that Bitcoin is just a new payment system and completely digital money and it has been created so that middleman will be removed in the transaction. It is stated here.

I don't see Bitcoin surpassing the traditional payments right now but if it will, it must solve the problems that is occurring on Bitcoin especially the scalability of it and the fees. If this has been solved then MAYBE, more and more people will use it Smiley