bitcoin transactions - Slow OR Fast

[Zadicar]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

lol it is just like you are on the grocery and you are about pay for the stuffs that you are going to buy but you seems to be on the long queue so you really have to wait until you get near to the cashier then it is almost the same with the bitcoin transaction you often got stuck on the long queue because you are not the only person who makes a bitcoin transaction time to time although the transactions are not steady on the fast processing but still it satisfies most of the users and I think that transaction process will be improved in the future .

If bitcoins adoption will arise on a particular area and it happens on mall majority then time would be really save since bitcoin transfers are easy and theres no need to wait to confirm since bitcoins transactions are irreversible which means if you pay directly to the goods you bought then you transfer the bitcoins if it shows the transaction then its already considered as okay.

[carlisle1]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

lol it is just like you are on the grocery and you are about pay for the stuffs that you are going to buy but you seems to be on the long queue so you really have to wait until you get near to the cashier then it is almost the same with the bitcoin transaction you often got stuck on the long queue because you are not the only person who makes a bitcoin transaction time to time although the transactions are not steady on the fast processing but still it satisfies most of the users and I think that transaction process will be improved in the future .

If bitcoins adoption will arise on a particular area and it happens on mall majority then time would be really save since bitcoin transfers are easy and theres no need to wait to confirm since bitcoins transactions are irreversible which means if you pay directly to the goods you bought then you transfer the bitcoins if it shows the transaction then its already considered as okay.

you are right, actually there's nothing to worry about with the slow transaction because like what you have said since the transactions made with bitcoin are irreversible there's nothing to worry about if the transaction will be delayed as long as you already made a transaction then everything is gonna be fine waiting for the confirmations to be completed is not a problem .

[jvc12]

the transaction of bitcoin as we all have got to know in the past few years and up till now all we have heard about bitcoin transaction is that the transaction are fast and its easy to do but if there be any time or any were by which the transaction were slow in that case i think some thing have to be don really fast.

[al0729]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

[skyway1]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

[Pattart]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

I think even people who know about bitcoin, and bitcoin users today are mostly middle class, believe it or not menggunakan bitcoin bitcoin users to earn money and it is mostly middle class
I think bitcoin transaction speed fairly quickly, although there is a problem on confirmation

[sportis]

Bitcoin transaction is fast because nothing impossible in technology. If someone gives you a bitcoin, you can easily convert it into something. In bitcoin transactions, it needs some of our real information to verify our identity.

Bitcoin transactions are fast when I buy something from Internet sitting on the chair front of my computer but is extremely slow when I wait in the cashier of a supermarket with 10 other people behind me expecting to pay with cash or their debit/credit cards.

[1Referee]

Bitcoin transaction is fast because nothing impossible in technology. If someone gives you a bitcoin, you can easily convert it into something. In bitcoin transactions, it needs some of our real information to verify our identity.

Bitcoin transactions are fast when I buy something from Internet sitting on the chair front of my computer but is extremely slow when I wait in the cashier of a supermarket with 10 other people behind me expecting to pay with cash or their debit/credit cards.

It depends. If the transaction value is below $30, and you include a more than decent/appropriate fee, then it will most likely get accepted without any confimations. But if you're stingy on the fees, or your transaction value sits well above $50, then you'll surely be forced to wait for at least 1 confirmation. But then again, in this regard, I don't consider Bitcoin to function very well. It's great to complete online purchases, but not when it comes to completing payments in physical stores. Especially when it comes to larger amounts as you'll be forced to wait for at least 1 confimation.

[TastyChillySauce00]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Middle class, Low class, or even High class, all of them can use bitcoin without any discrimination as long the shops are accepting bitcoin as their payment option. If you're talking about those people's economic
then as long as they could afford to buy bitcoin ( Bitcoin is having decimal amount so any amount of fiat can be exchanged ) then they could just simply use it

[Wandering Soul~]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Middle class, Low class, or even High class, all of them can use bitcoin without any discrimination as long the shops are accepting bitcoin as their payment option. If you're talking about those people's economic
then as long as they could afford to buy bitcoin ( Bitcoin is having decimal amount so any amount of fiat can be exchanged ) then they could just simply use it

Yes they can use it but the problem is the awareness of people . People who don't spend much time in the internet might not know it . Some countries especially the poor ones haven't even adopt to internet yet so how can they know it or use it?

Yes some high class restaurants will most likely to establish bitcoin as a payment because of its confirmation time fast foods or stalls might never accept it

[carlisle1]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

[South Park]

the transaction of bitcoin is very fast compare to other currency this is a transaction you can carry out at your own convenient using your mobile phone but if off late the transaction is not fast as it use to be before now i think they will have to do something about it.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

The days of free transactions are practically over in the bitcoin network, you need to send a fee, in fact I have not seen a wallet that allows you to send transactions without any fee.

[Ewinsane]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

you are right that bitcoin is not popular in some backward areas because these area is not modern or advance like as other cities but i am sure bitcoin will be sooner get popularity in all world and anyone will be use bitcoin as their regular currency.

[Babayega31]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

you are right that bitcoin is not popular in some backward areas because these area is not modern or advance like as other cities but i am sure bitcoin will be sooner get popularity in all world and anyone will be use bitcoin as their regular currency.

We're talking about  process here aside from popularity, if we compare bitcoin to fiat currency transactions nowadays specially online banking, of course i prefer bitcoin's amazing fast transaction specialy on the online wallet cash out and payment transaction like loading mobile number as one of the payment option i am using lately. Hopefully this idea of payment will be adopted by most of the fast foof chains in the world and even the department stores selling fashion wears so that payments will easily be processed and avoid waste of time and makes life comfortable.

[virtualkeybuyer]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

[Positid]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

Some has computer but they do not have interest in the crypto world, and it's only small of the total population of people who do online with internet has adopted with bitcoin, to be able to understand you must have the passion with crypto.

[xIIImaL]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

Even people from my city. I didn't find a single person who knows about bitcoins. I guess primarily we need huge spreading about bitcoin in social communities. We need to share as much we can about bitcoins. Hopefully it will only lead to good adoption.

[carlisle1]

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

Some has computer but they do not have interest in the crypto world, and it's only small of the total population of people who do online with internet has adopted with bitcoin, to be able to understand you must have the passion with crypto.

yes that was the problem of some people from a certain country especially here in the Philippines most people don't have a computer but at least a smart phone which can already help them to learn some essentials about bitcoin and there are also many people who has a computer with a internet connection but still don't know about bitcoin and doesn't want to learn because most of the time it only depends on their interest .

[doomistake]

It is slow some times but it is fast most of the time. Bitcoin transaction is slow some times because of too many transaction that are being process on the blockchain and it is fast most of the time when only few transactions are being process on the blockchain technically. So all we have to do is to wait when bitcoin transaction is slow, because this would not take a lifetime for us to wait.

[Techie5879]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Well, its not that slow, the average maximum I've had to wait is around 15-30 mins but while that isnt much, it is some wait. But sometimes the transaction takes around an hour and thats where the disadvantage of bitcoin lies. However, waiting 10-15 minutes for a car isnt really anything, but other stationary stores I think wont be able to adopt bitcoin, just yet, as the delay might get customers frustrated.