price at all time high while utility at all time low

[Chin Cheng]

Uses are so high in bitcoin but still usage apart from online stores, bitcoins are not widely used all the people in the world. We need to big adoption and any country should make bitcoin as a legal currency to make it popular and to the laymen people.

Why do we need a country to accept bitcoin as a legal tender.Bitcoin does have its fair share of investors and people are starting to get involved in cryto currency and with time and other strict regulations from different countries more people would find this as a place of investment.

[Dudeperfect]

I think the price would rise by further 20% to 30% if they take efforts for reducing high fees and the confirmation time. No one likes to wait to get their transaction confirmed but at the same time paying high fees is not a good option to go with (especially when we have lot more strangers to reach). I would say if we are finding any concrete solution on this issue then it will have long-term positive impact on the bitcoin.

yes that proble is needed to be solve without increasing the fee. people want the transaction to be conform and specially those people who are using bitcoin in their local shops because they cannot wait for a long time in the shops for the conformation.

Exactly, I would never imagine myself waiting in a bitcoin ATM for 24 hours to wait for the transaction to get confirmed and the machine dispenses the cash. I am still worried about using bitcoins for local shops (there are not a single merchant in my town but still), it would create huge mess IMO.

What makes you think that the ATM would take such a long time for conformation? The ATM's will most likely be instant and you will get cash instantly but there would be some sort of clause for such ATM's meaning that  either that you should have double the amount of BTC with loads of conformations already. Etc.

I mean when a person is trying to deposit the funds from his wallet to the ATM 9to withdraw fiat amount) in such case if he is including average fees as usual even in a case of confirmation backlog (being completely unaware of it) might take more time for ATM software to identify the payment as it will look for confirmation from the at least one block so it would hold fiat withdrawal request until transaction gets confirmed.

[Carlsen]

I think the price would rise by further 20% to 30% if they take efforts for reducing high fees and the confirmation time. No one likes to wait to get their transaction confirmed but at the same time paying high fees is not a good option to go with (especially when we have lot more strangers to reach). I would say if we are finding any concrete solution on this issue then it will have long-term positive impact on the bitcoin.

yes that proble is needed to be solve without increasing the fee. people want the transaction to be conform and specially those people who are using bitcoin in their local shops because they cannot wait for a long time in the shops for the conformation.

Exactly, I would never imagine myself waiting in a bitcoin ATM for 24 hours to wait for the transaction to get confirmed and the machine dispenses the cash. I am still worried about using bitcoins for local shops (there are not a single merchant in my town but still), it would create huge mess IMO.

What makes you think that the ATM would take such a long time for conformation? The ATM's will most likely be instant and you will get cash instantly but there would be some sort of clause for such ATM's meaning that  either that you should have double the amount of BTC with loads of conformations already. Etc.

I mean when a person is trying to deposit the funds from his wallet to the ATM 9to withdraw fiat amount) in such case if he is including average fees as usual even in a case of confirmation backlog (being completely unaware of it) might take more time for ATM software to identify the payment as it will look for confirmation from the at least one block so it would hold fiat withdrawal request until transaction gets confirmed.

I have never used an ATM, but I can imagine that the guy who invented ist must have forseen such a situation.
Besides, one block is found every ten minutes in average.
I can not even imagine myself to wait ten minutes in front of an ATM to get my coins.
I am confident the developer has integrated a way to transfer the coins without having to wait in front of the ATM in a reasonable time.