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Anonymous users2024-02-07In my opinion, Bitcoin is not a payment method, it is just a virtual currency. In short, Bitcoin can act as a general equivalent in some specific contexts, and as long as both buyers and sellers accept Bitcoin as an exchange item, it can become virtual currency. However, this does not mean that it can be accepted by most people in society like Alipay and WeChat, forming a way of payment.
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Anonymous users2024-02-06Bitcoin cannot be a payment method, it is illegal by its very nature.
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Anonymous users2024-02-05Bitcoin is not a regular payment method, and in the vast majority of cases it can only be an investment currency.
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Anonymous users2024-02-04Bitcoin can do the function of payment. Traditional online trading requires a central institution that completes the clearing of both parties to the transaction. Whereas, Bitcoin is peer-to-peer decentralized, and every transaction is made between two parties to the transaction.
The other nodes are responsible for confirming the transaction, and eventually form a new "ledger" after the transaction, which is the blockchain. As a reward for the node responsible for confirming the transaction, it is a token, which is Bitcoin.
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Anonymous users2024-02-03No, it is now illegal currency internationally, and it is also a virtual currency at home.
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Anonymous users2024-02-02Not yet, but it won't be long before it becomes a unified way of circulation in this world.
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Anonymous users2024-02-01Bitcoin is already a very important payment method, which is generally circulated in the black market, and the purchase is relatively high.
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Anonymous users2024-01-31Stabilization can be a means of payment, and currently an investment product, like a stamp.
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Anonymous users2024-01-30While there is no direct evidence that this faster, more efficient method of paying is driving the growth of the black market, it could become the new payment method for old-style criminal activities.
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Anonymous users2024-01-29It's true that Bitcoin is trading slowly right now, but technology-based issues have never been a problem. The Core team is trying to solve the problem of transaction congestion and high transaction fees through Segregated Witness as well as the Lightning Network. BCH (Bitcoin Cash) directly expands the block from 1M to 8M to solve the problem of slow transactions.
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Anonymous users2024-01-28Relying directly on Bitcoin takes at least 1 hour to complete a transaction, shit.
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Anonymous users2024-01-27Do you mean that Bitcoin can be used for consumer payments? Is that the case?
The central bank does not recognize the monetary attributes of bitcoin, and the central bank characterizes bitcoin as an internet commodity. Central Bank Governor Zhou Xiaochuan said that Bitcoin will not be banned.
At present, there have been some collections of merchants who accept bitcoin in China, such as Coinbeard.com, Pineapple Bazaar, Bitcoin Home and so on. However, Bitcoin Home is a platform for posting buying and product information. In these places, you can find a number of merchants that accept Bitcoin payments.
Of course, the merchants who accept Bitcoin the most are still mining machine manufacturers, and most mining machine sales seem to accept Bitcoin payment. Among them, Avalon, which has always been the leader of the bitcoin mining machine industry, has always used bitcoin to mark prices, and bitcoin is also the only currency that accepts payment.
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Anonymous users2024-01-26You can buy goods with Bitcoin.
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Anonymous users2024-01-25The biggest advantage of Bitcoin Cash (BCH) over Bitcoin in terms of payment is that the network is not congested, the transaction fee is low, and it supports zero-confirmation payment.
Bitcoin Cash is the product of the Bitcoin scaling controversy, it is a large block version of Bitcoin, which has been scaled to 32M, and it is impossible to have network congestion in the short term, and Bitcoin Cash will continue to expand according to market demand.
Bitcoin is still locked in a block size of 1m, resulting in a very verified Bitcoin network congestion and an astonishing number of unprocessed transactions. Isolated verification and the Lightning Network have also not solved Bitcoin's network congestion problem.
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