Bitcoin Forum

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

Actually we doesn't know on when do bitcoins gain more popularity and on when it will be implemented on more shops but as of this days I can't see any offline shops accepting it and I'm totally wondering on how could bitcoin doesn't reach for this establishment while as we see price are heavily pumping so hard and it can actually be the + points unto it so this coin will gain more additions, But who knows by maybe this time is not the right time for its addition but im so sure that we can see great news about it in near future.

If you are reading the news on Coindesk and other news providing sites that is all about bitcoin, many merchants are now on the go in some countries, I think you are not seeing something like these maybe because bitcoin is not really accepted in your country such as U.S., Denmark, Sweden, South Korea, Japan, The Netherlands Finland, Canada, U.K. and on July 1 Australia is gonna officially accept bitcoin these are the list of I know of countries that are bitcoin friendly and Direct Transaction are possible.

Bitcoin in its current form just isn't a good currency tool in local situations, that's a fact. In that regard, the longer current situation doesn't change, the further away we move. That's why it's utterly important to have Segwit activated. It won't only allow Bitcoin to cope with current demand in a better manner, but it also means that we are closer to the implementation of Lightning Network - that for me is the ultimate target. I personally don't see any point in spending my coins on local level, but Lightning Network will make sure that the huge gap between fiat payment systems and Bitcoin will largely vanish. It will allow micro transactions to take place again without having to worry about greedy miners that will ignore your transaction till it drops...

What you described will never happen (that is my guess). But I might be wrong.

many shops may accept bitcoin in the future as you have heard but i don't think we can ever see bitcoin be used to buy small and regular things such as coffee. specially not on chain.
maybe someday we see off-chain services such as web wallets like Coinbase and Xapo do something like that with bitcoin accounts.
or even possible to see it happen with Lightning Network but not on chain.

We will just have to have and see what will happen on Aug 1. If this will solved the current higher transaction fees that we are experiencing. But if you are talking about being mass adopted, I think it has slowly gaining momentum as some countries are embracing bitcoin like local currency. You can check Japan. Australia is only on board on July 1 as well.

Who knows when we will see this. I am very confident that more and more merchants/stores will accept bitcoin for regular customer to buy online. We don't know where it will lead as bitcoin is still experimental if I may say this. On the other hand I don't see bitcoin to be used everywhere, as it just couldn't cope with it because of how it was code and the other thing is that you can only transfer funds if you have electricity and the internet.

But I do believe that it can be the universal internet currency and be used like that. Something like PayPal and other online processors. With bitcoin you don't trust anyone else you trust  the trustless system.

There is an answer to your question is the scaling agreement in the future.

The reliable transaction fees of bitcoin worth more than just a cup of coffee.

This time bitcoin can't be considered as a micropayment, but just to safe you're economic to gets better privacy than trying to safe your amount outta here.

Just 6 months before the scaling agreement with get real implementation on the bitcoin itself.

Be patience and we will see the true micropayment again.  ::)

This is a BS to ear of "investors" for explain the cause of "immenent rise of demand on exchange market".
Due to high volatility and confermation time non one in sane mind use BTC in retail business.

if there is any local store that accepting bitcoin, i think we can pay that product with only using QR code and pay with our bitcoin. but for now, i think there is only a few local store that wants to use bitcoin because bitcoin is not already accepted in most of the country especially in big country. but i believe that in someday, if there are many big country accepting bitcoin and allowing people for using bitcoin, then there will be local store that wants to use bitcoin as the payments. until that time is come, i think we only can use it in the internet to buy something or we can save it in our wallet.

At first,all expected that bitcoin payment will be accepted by most merchants due to its quick transaction and low transaction fees.But now in today's situation,with such a big transaction fee and very long time taken to confirm,its very hard for small merchants to accept bitcoin payment.Unless a solution is found for this problem,mass adoption of bitcoin payment by small merchants would become very hard.

My take:
If bitcoin core wins the scaling war, then the roadmap would be that current bitcoin blockchain will be base layer were only big and infrequent transactions take place (the settlement layer); then on top of that the plan is to implement another layer called the lightning network where all the cheap transactions take place at substantial increases in speed.  Once the lightning layer is operational then merchants and coffee buying  can take place but before this is in place I see it difficult; judging by the progress (idea started around 2015), I think it could be a couple of years at least before the lightning network becomes operational.

If the bitcoin dissidents were to win the war, then the cheap transactions and speed increases will occur by increasing 'block size' in the blockchain; which will see reduced transactions and increased speed in faster time-frame at the expense of increased centralization of the network later (which is dangerous as then the network is more susceptible to attack by external agents).

In either case, the war needs to be resolved first.  Perhaps this year;  it should be as soon as possible, because other blockchains are catching up fast. 

Bitcoin won't be global official and fully legalized currency, it is safe to assume that it will be always linked to alternative economy instead.

Buying coffee with 'pure' bitcoin was never an option. This is not possible with on-chain transactions. The only way is to push scaling off-chain.
I expect that in the future with Lightning Network it will be possible.

Price of btc won't be a problem, ever. You can buy any amount of Bitcoin really, you are not limited to buy whole 1 BTC.

I believe some of you idea like buying a mug coffee with bitcoin  won't happen since the transaction price is way higher than the coffee we are buying and besides Bitcoin is not intended that way.  Though we can still buy bags of coffee with bitcoins online.  There are lots of shops that are accepting bitcoin now.  And if not directly, there are third party company that is happy to serve us as bitcoin processor and be able to buy us what we needed.

Buying small things with bitcoins like have a cup of coffee or grabbing something to eat on your way to work is currently absurd cause of the current transaction fee with increases the over price you pay for it. Pay small fee? Then you will have to wait for hours maybe days to get your coffee. We need to wait till a better fix is out there.

Bitcoin is not that popular when I started earning it, it is at price of $560 and not really interested on using it, just want to invest some of my money and gain profit. But while I am here in the forum, I've learned so much and read many things that changed that perspective, I want a place where I can use bitcoin to buy any where, but that will not be happening, with the unstableprice of bitcoin, only few stores will be accepting bitcoin. Paying a coffee is also hard to do, unless it is fixed in the future.I think another altcoin will be used to these kind of payment and not bitcoin.

I've read these too, the problem is, the rumours about these upcoming August and UASF, are they really planning to split the network? Why don't they just make another altcoin, no need to make bitcoin with these. Eventhough August is months away, these news is causing panic making users sell their bitcoins making another dump.

Did we really dream about using bitcoin for purchasing grocery  :D i never had a dream like that,i do consider it as an asset class which can be transferred , moved and stored with ease and i do consider these sort of minor payment solution as an added bonus,if you think like that then the problem will be solved.  :P Lets say i purchase some crude in the commodity market,will i be using that crude as an asset class or a raw material . ::) :P

You can read the post again and I did not said that "we" dreamt about it, I said it give me a push to earn them and see what these digital currency can do which is, used as a payment,  and yes, that is the point, bitcoin is more like an asset now rather than a real currency.

Just focus on the development, solve the scaling issue/debate/whatever, which leads to the high transaction fees being solved, and your dream will come true. Bitcoin price represents no issue at all – it has 8 decimal digits; you can break it into as many Satoshis as you want, no problem.

Why is it that people feel the need to buy coffee or whatever with their coins, while fiat works perfectly fine in that regard.... I know that it's fun and interesting to do it once with Bitcoin, but the main point of importance is that it offers me zero benefits over how I pay with fiat. In order to make it worthwhile to at least give it a try, Bitcoin must perform equally as well as fiat in order to draw attention. Right now this is by far not the case.

Even with scaling issue solved, the upgraded bitcoin won't be good to use it as everyday payment method.
When you think only of using on-chain transactions to buy coffee at the gas station - this probably won't be possible.
It is foolish to think that bitcoin could be scaled on chain to reach for example 100tx/s -  it's ridiculous thought.

I know, that is not the case, but the point is, it is a digital currency, it is not that far from using that currency in paying such cheap items. About benefits, it is efficiency, paying efficiently without pulling up your wallet, and then gave you your change, you justneed to scan a code and you're done, that is what I am saying.

The problem of long transactions must be solved. I think that in the near future all parties to the conflict will reach a consensus. And then many stores will be able to take bitcoin as payment for goods and services

I was not referring to cash money transactions. I always pay wirelessly with my bank card or smartphone. In this case, it's pure convenience as transactions settle instantly, are free, plus I enjoy buyer protection. Also, in order to start spending Bitcoin, you need to obtain it first -- so again, what added benefit does Bitcoin exactly offer here?

We are talking about bitcoin, so it makes sense that you have a bitcoin and I think many people also wonder when this will happen, another benefit is that the user can not just spend bitcoin, it is also a good investment asset, you are not just spending some bitcoins but while you are doing that, the price also increase making it a big benefit to other bitcoin users.

It will come. The problem right now is that people are just holding their bitcoins just for the purpose of investments and not really making it go around and circulate. There is nothing wrong if only a few people are holding it, the problem is that its economics are flawed because everyone is just holding.

If it freely circulate like how fiats are doing, then it could reach what you want, but right now due to volatility it can't happen. This is really also brought about by a lot of people holding it.

Till date there are lots and lots of people around the globe who have never used to a card system issued by the banks functioning all around. So at this moment thinking of the entire human to start using the bitcoin as an payment system with a help of scanning the QR code is simply not gonna a happen. We need to wait longer to see this into reality.

Well if there are no winners in both that parties and I think that there are no surrender on both of they that is why we are getting a split the BIP 148 and Bitcoin Legacy that are going to be on Aug. 1 and there are a risk in doing this and we can really never know what might happen to our bitcoin when August 1 will happen but I wish they would think twice in doing this.

Cryptocurrency is one of the most exciting emerging technological fields. And it’s almost entirely speculation. Speculators are vital link in the cryptocurrency ecosystem. It speculative capital has given the opportunity for growth and ensures the overall movement. With the increasing communication of cryptoworld with the real world the role of speculative capital is naturally going to decrease.

But we can't stop these bitcoin users to hold bitcoin, we all know bitcoin gives us freedom to do whatever we want with these digital bitcoin and no ome will restrict us from doing it, but as we say, we must take responsibility from what we have done. I think we are really far from these idea, It's just sad because that is how I loved bitcoin.

although in current time bitcoin is not using as currnecy for small items but in future when bitcoin will become more popular and when the facilities of using bitcoin will also be available in local shops then children will even use bitcoin for buying chocolates and other small items, therefore to me i think these problems must be solve on preyority bases, other wise it will become such a big issue in future.

With this fees bitcoin will not be so popular, some fees that I see on blockchain are ridiculous. Why would anyone go to buy coffee and pay double for it with bitcoins? Miners should be more reasonable this problem, some of them are slowing down the progress, and this problem affects many people.
When will this happen? Nobody can answer on this question, and I`m sure that this topic will create many speculations about it and every prediction have 1% chances to happen.

These bitcoins users around the world's community is unstoppable in terms of earning and their eagerness to learn about bitcoin economy. I think it will happen in the near future of currency and adoption of bitcoin can be a better opportunity to all of us who wants comfort on spending and transactions of money online. It will happen soon that paper money will reduced it's production for spending and only those digital currency educated people will not use paper money at all, but bitcoins instead of paper cash type of money for payments.

Bitcoin now is no longer viable for micro payment transactions because of the ridiculous huge transaction fees. I used to believed it before, but now it's not possible. But I still have faith in the future that it can be resolved. We still don't know what will happen after Aug. 1. I hope that it can resolve this issue's so that we can really enjoy using bitcoin in making micro transaction only.

What happens if they c*m on you before transaction is confirmed or would you let them to have another try if someone double spent just to mess with you? how do you deal with horny clients of yours while their transactions is being confirmed?
I think they would get a cold feet (di*k) by then, that's why you are so against everything bitcoin does  :D

Not far at all, check out this map: https://www.arnhembitcoinstad.nl/ - Its a Dutch city broadly accepting bitcoin, organized by a bunch of enthusiastic people.

You are shifting from subject -- we're talking about Bitcoin being used as currency solution, and what added value it offers over paying with fiat, and not that it also functions as investment option. You again failed to point out why people should be interested in spending something that's completely inconvenient compared to fiat payment solutions....

I think op he is waiting to use bitcoin locally and with the hi-tech like coffee maker that can give a qr code and just scan and pay for bitcoin before you can get the coffee..
Its still not instant to transact bitcoin to other wallet.. we have still slow transaction even you are paying a large amount of fee is not instant but its a couple of minutes..
So i think using bitcoin locally and use for hi-tech machine will be still not exist. maybe in the future if they got the good solution for slow transaction we can see more hi-tech machine that we can buy like coffee with just our phone bitcoin wallet..

You will never guess, but I think we are closer than ever. Knowing that the BIP148 is coming and there would be a fork creating Bitcoin Legacy and the new bitcoin. I'm not sure what's better, but they will have 2MB. It would have a large impact towards bitcoin and let's see what can happen in the future.

Since transaction fee is very high,it would not be economical to buy low priced goods with bitcoins.Bitcoin could be rather used as an investment which could yield huge profits.Buying a coffee with bitcoin seems to be highly impossible here after.

For me I would either say the time for that is either still far or say it has passed. Passed in the sense that how much will I pay for coffee when the transactions fees to pay will even be more than the cup of coffee itself and the duration of time, I will definitely needs to deposit my I. D and then collects it when the transaction eventually confirms. On the other hand still far because for that to happen it will mean its been accepted as a legal tender which is still far from being achieved from the present moment we are currently.

This only means that bitcoin is not yet that popular to be in that scenario. Though at this point, some merchants accepts bitcoin as a mode of payment particularly in Japan. They are utilizing bitcoin at its finest, even their airline accepts bitcoin as payment. It seems like you do not feel the usage of bitcoin because it is not that popular in your country. But if you are pertaining to the worldwide usage of bitcoin as a mode of payment, then we just have to wait. Bitcoin is still young in age. Patience is all we need as of now.

I think bitcoin is turning into just a store of value and an investment. The fees are too high to make small transactions and businesses are not accepting it more.

As more and more merchants are coming into the community accepting bitcoin we can soon expect a solution for the same. Though small transaction were the one that takes place high when it comes to purchase online as well as offline the transaction fee serves as an issue. Truly very few are interested to make purchases with bitcoin rather than giving it the investment status.