It may be difficult to change bank and it may be even more difficult to escape those fees if every bank does it, however escaping bitcoin fees is really, really easy.  Yes it is easy but due to decentralization of bitcoin nodes it is hard to make all of them upgrade to new wallets so that current problem regarding block size can be corrected with segwit activation. Only 25% of bitcoin nodes have upgraded till now.  No dude, you don't have to use bitcoin, just use some other coin and problem solved... |
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'That means that implementing the system on the bitcoin network would require a soft fork to add new codes to the script, just as other proposals such as SegWit would do.' Well, I don't think bosses will allow such thing. |
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It is possible to trace by the exchange, of course.
Also people looking at the blockchain will know you send coins to that particular exchange.
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Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
Especially in online payment systems can be used very comfortably. Today we buy everything online. For example, I can use bitcoin to migros accept payments. I can buy what I need for my kitchen shopping on the internet. Once payments made with Bitcoin have been approved, orders can be brought up to the door. Bitcoin is maybe the future online payment processor , i agree that it is very comfortably use and some of online shops now are using bitcoin as their payment processor. In the future online shops will use bitcoin too , they will realize the comfortability of it. Bitcoin may be the only payment system for internet environment in the future. It may even be an official currency for online transactions. Because of the advantages it provides, it can eliminate other payment systems. Companies will want to use bitcoin, especially since they are not taxed. I seriously doubt bitcoin will be huge when it comes to online shopping, it may be successful with major retailers like Amazon, but even in this case I'm skeptical. People can't even keep their email accounts safe and remember their password, imagine keeping private keys safe... Plus there is the issue of fees, it is much more expensive to use bitcoin than Paypal, and there are no benefits in using bitcoin like consumer protection or free returns when compared with Paypal which is a major online shopping payment system. |
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That's because of lack of regulation.
I have bank accounts since I was 16 years old, always had debit card and withdrew cash from ATMs, never paid a cent for using ATMs or for having a debit card, I never even paid for account maintenance...
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It's starting to look that's the way forward, Bitcoin Blockstream and Bitcoin Unlimited running in different chains and everyone gets what they want.
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It may be difficult to change bank and it may be even more difficult to escape those fees if every bank does it, however escaping bitcoin fees is really, really easy. |
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I can relate to that, I too am an early adopter and saw bitcoin in the ~$60, I am not rich.
And I lost my coins in a lot of scams and made poorly trade decisions.
It sucks.
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You need to transfer considerable amounts of bitcoin so transaction fees seem irrelevant.
If fees are too high for your transaction you probably shouldn't be using bitcoin.
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Hello friends i am much worried ...
2 days ago one exchanger send me btc but still not confirmed.Few minutes ago my transaction had reversed back to exchanger account.
what is a double spending attack or not?
and how payment reversed.and now a time double spending attack is possible?
It is not an attack, it is a feature. If the transaction is not confirmed it's the same as it didn't happened. |
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is there any valid argument against only increasing the block size?
what i mean is why not for example increase the block size to 2000 byte instead of current 1000 byte?
Segwit: is a lot of things, mostly malleability fix and eventually for LN and then payment channels,... which i don't even like because it wouldn't be on-chain.
BU: is a lot of headache and not only about increasing block size.
the previous ones (classic, XT): I remember them being a lot of other things, lets call them "additional changes"
In short, what I have seen so far, is different solutions none of which is focusing on removing the limit that satoshi put on block size years ago.
There was such a thing: https://github.com/jgarzik/bips/blob/87aacb6a58d3c63a5dd2082a566b763dd22f919e/bip-0202.mediawiki |
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Im sorry but i have really alot money in and stuckked. My busines reliang on bitcoins.
thats it all this hyping up bitcoins and bs was just big scam right ?? Only thing im interested is who got my money ?? Is the biggest btc sellers imvolved in scam ?? How you can be civil in this world when things what supoosto be trusted they are not ??
Its chaos its anarchy not organised. Its bs.
and what to do now ?? Just and watch my bitcoins dont move ? i told all my friends to get out of bitcoins now. Soon everybody will stop using bitcoins.
Blockchain.info, I assume, has no fault on your situation, as of now there are something like 80,000 transactions stuck, if you want yours to go first you need to outbid everyone in the fee auction and that sucks long time. You should stay away from bitcoin as it is not very practical or reliable right, but check out other coins, at least your transactions will be confirmed quickly.  thanls for nice answer. What u suggest ? Onecoin ? Maybe perfect money payerr ? Or wich will be nice one to use it ? Onecoin is a scam, Check litecoin, it is a bitcoin clone with some minor changes, price is quite stable and it's widely used and supported. |
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Im sorry but i have really alot money in and stuckked. My busines reliang on bitcoins.
thats it all this hyping up bitcoins and bs was just big scam right ?? Only thing im interested is who got my money ?? Is the biggest btc sellers imvolved in scam ?? How you can be civil in this world when things what supoosto be trusted they are not ??
Its chaos its anarchy not organised. Its bs.
and what to do now ?? Just and watch my bitcoins dont move ? i told all my friends to get out of bitcoins now. Soon everybody will stop using bitcoins.
Blockchain.info, I assume, has no fault on your situation, as of now there are something like 80,000 transactions stuck, if you want yours to go first you need to outbid everyone in the fee auction and that sucks long time. You should stay away from bitcoin as it is not very practical or reliable right, but check out other coins, at least your transactions will be confirmed quickly. |
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Bitcoin doesn't have to replace all the money in the world to become a major currency, also it can be divided even more if it is required. There are many obstacles for it to become a major currency, divisibility isn't one of them. |
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I have a question for long and I couldn't find an answer any where, when you write a public note attached to your transaction it has a size right?
But it wont effect the transaction itself or the fee, now where is it stored and can someone change it after the transaction is confirmed?
Check this: https://en.bitcoin.it/wiki/OP_RETURNI believe current size is 40 bytes. |
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Things aren't going to change anytime soon, store your coins for long time in hopes they increase in value and it becomes reliable to spend them in the future or use some other coin.
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Is the lack of on chain scaling killing other business models like colored coins?
These systems make micro transactions, are they still viable?
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MAIDSAFE can do that, also check out this projects: https://storj.io/https://sia.tech/The data is as safe as your capacity to keep private keys safe. You can store data safely in any cloud storage if you encrypt it and keep the keys safe. |
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