chek2fire (OP)
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July 30, 2015, 07:16:53 PM |
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I will write my story and why i think that bitcoin network need an block size ugprade asap. I live in Greece Athens and recently i notice that a bike shop here in a center mall accepts bitcoin. I go with my bitcoin wallet to buy a bike from there https://play.google.com/store/apps/details?id=de.schildbach.wallethttps://www.facebook.com/bikeloungeathensi was the first customere that will ever pay with bitcoin. The problem is that when i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!. After one hour i give my id to the shop and i left and when i go to my car i see at last that the payment has one confirm. The fact now. This shop and the owners is new very new to bitcoin and as they say to me they are doing like an experiment. I dont think that they have see this experiment with any success. In bitcoin community especially developer of bitcoin must admit that in this current situation bitcoin is not anymore for every day usage. We are not in 2013 or 2014 and the bitcoin network is every day overload. In my opinion the block size must upgrade to 2mb asap and the wallet to drop all the low fees and has only the fast option fess. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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unamis76
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July 30, 2015, 07:19:47 PM |
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I agree with the blocksize update (and for more than just 2mb), but the fees still have to be customizable. What if you just don't want to pay high fees?
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chek2fire (OP)
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July 30, 2015, 07:21:45 PM |
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you can still have the manual fee option. Is not acceptable anymore when you choose the "normal" fee to doing one hour for one single confirm.
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Kazimir
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July 30, 2015, 07:25:09 PM
Last edit: August 01, 2015, 12:11:50 PM by Kazimir |
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No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
For regular payments, like a cup of coffee, or a bike, you can accept zero-confirmation payments without any significant risk - MUCH lower than when accepting credit cards, for example.
When a customer pays with credit card, a shop owner does not make the customer wait until the transaction becomes irreversible (which is typically 6+ months for most Visa and MasterCards).
Similarly, they should not make a customer wait if they pay with Bitcoin either, even though the confirmation time or 'irreversibility time' is only 10 minutes on average.
If they're scared about double spends, they should use a Bitcoin payment provider. There are plenty, it's free of charge and then they have zero risk.
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chek2fire (OP)
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July 30, 2015, 07:26:54 PM |
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I know this but the confirmation time is not a problem?
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unamis76
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July 30, 2015, 07:28:35 PM |
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you can still have the manual fee option. Is not acceptable anymore when you choose the "normal" fee to doing one hour for one single confirm.
So the solution is to simply drop the normal fee? I disagree, I think the solution is more of a rework to the normal fee. It should constantly query the blockchain for what should a "normal" fee be. I don't think it does this as of now, but honestly I'm not sure as I don't use the app. Last time I checked, it didn't. |
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Meuh6879
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July 30, 2015, 07:30:09 PM |
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i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!. where do you have this option in schildbach product ? i use 3 time per month, this schildback wallet since 2 years ... and i can not choose the fees ! by the way, it's the seller that it must provide an QR-code to pay the invoice ... not you that you must pay a amount. |
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mallard
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July 30, 2015, 07:30:28 PM |
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Why are people upset about fees?
Normally they are just $0.02 or $0.03
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chek2fire (OP)
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July 30, 2015, 07:31:59 PM |
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i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!. where do you have this option in schildbach product ? i use 3 time per month, this schildback wallet since 2 years ... and i can not choose the fees ! by the way, it's the seller that it must provide an QR-code to pay the invoice ... not you that you must pay a amount. in the payment window in the menu option |
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chek2fire (OP)
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July 30, 2015, 07:32:47 PM |
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Why are people upset about fees?
Normally they are just $0.02 or $0.03
for that i say that the wallets must drop the "normal" and low fees |
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gentlemand
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July 30, 2015, 07:34:19 PM |
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No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
There's a whole lot to take on board if it's their first transaction but it's up to them to do their homework. Payment processor is the way forward indeed. If a customer says 'hey, you don't have to wait for confirmations with this new type of money. Gimme the bike.' They're probably going to be a tad sceptical. |
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Amph
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July 30, 2015, 07:36:46 PM |
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I know this but the confirmation time is not a problem?
not for a low amount like that unless that bike has cost you a lot, but in that case i'm sure you can wait for 1 confirmation if this shop has a website he can at least experiment more online with bitcoin, which i think it would work better |
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chek2fire (OP)
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July 30, 2015, 07:37:38 PM |
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No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
There's a whole lot to take on board if it's their first transaction but it's up to them to do their homework. Payment processor is the way forward indeed. If a customer says 'hey, you don't have to wait for confirmations with this new type of money. Gimme the bike.' They're probably going to be a tad sceptical. i see them that was their first time in this kind of payment. |
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cryptworld
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July 30, 2015, 07:37:52 PM |
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I agree with you,
Gavin has already implemented the upgrade in bitcoin XT, so I don't think what is the problem
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smiletyson
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July 30, 2015, 07:37:59 PM |
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Maybe mobile wallets (They're SPV wallets) aren't broadcasting tx'es in time. Did you checked it? I'm paying 10k sats as fee and I've never waited that long (besides the spam attack). |
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chek2fire (OP)
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July 30, 2015, 07:39:05 PM |
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How can i see this? Because when i sent the payment i see at once in blockchain.info.
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smiletyson
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July 30, 2015, 07:41:00 PM |
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How can i see this? Because when i sent the payment i see at once in blockchain.info.
Did you check it after making payment on blockchains? (Copy the tx id and search it on the chain). If your mobile wallet is not synced at the payment time it may not be broadcasted and It may have take 2 hours to broadcast. After making transaction then you should check it if it's broadcasted or not. |
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chek2fire (OP)
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July 30, 2015, 07:42:31 PM |
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was not that problem because the wallet is online almost always and i have done and other payments and recieve and some payments the same day without this problem
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