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Author Topic: Daily use of bitcoin?  (Read 41950 times)
Michel de Montaigne
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January 23, 2017, 09:20:45 PM
 #161

Confirmations are not getting generated like it used it be. Now it's taking more time than previous years, We need more miners and the fluctuating rate of Bitcoin is not making it easy for new miners. We have to find a way to stop those double spend technique scammers.

There's a paradox here. As the number of miners increases, the bitcoin increases at the difficulty level. This time more faza miners are needed. It continues in this cycle in a loop.
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January 23, 2017, 09:27:21 PM
 #162

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
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January 23, 2017, 09:32:44 PM
 #163

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

I'd rather say using Bitcoin will be very clumsy for such ends

But you should first ask yourself why you would want to pay with Bitcoin for a cup of coffee (or tea). There is already fiat (cash) for that, and it will serve this purpose better. Since Bitcoin is rightfully considered better money than fiat while bad money always drives good money out of circulations, you will be just wasting good money on trivial things. Nevertheless, if you still want to spend your precious bitcoins this way, order a Bitcoin payment card and get done with that

Then you can recommend the bitcoin for what kind of shopping. Where can we use it if we can not use it in everyday life?
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January 24, 2017, 01:02:34 AM
 #164

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

I remembered way back 2015, my friend visited me here in my country all the way from Australia. Then he invited me to hang out to meet his bitcoin friend fanatic. Then the venue was bar and restaurant type. He told me that all the customer in that bar was a bitcoin enthusiast, I was amazed by that time. After that when paying in the cashier my friend just  gave his android phone and showed his wallet address with balance then the cashier scan only the bar code after that just a seconds only the payments transaction is done quickly. No need to wait long for the approval. That's it!

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January 24, 2017, 10:41:15 AM
 #165

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

I'd rather say using Bitcoin will be very clumsy for such ends

But you should first ask yourself why you would want to pay with Bitcoin for a cup of coffee (or tea). There is already fiat (cash) for that, and it will serve this purpose better. Since Bitcoin is rightfully considered better money than fiat while bad money always drives good money out of circulations, you will be just wasting good money on trivial things. Nevertheless, if you still want to spend your precious bitcoins this way, order a Bitcoin payment card and get done with that

Then you can recommend the bitcoin for what kind of shopping. Where can we use it if we can not use it in everyday life?

We can use it for buying expensive things

For you it may be just a car or a bicycle, for someone else a yacht or a mansion. What is common in all these things is their expensiveness for the buyer, i.e. something which you don't buy casually. It means that he can't use his pocket money to buy them and has to save up. And this is the crucial point. If you try saving in fiat it may take longer (or just forever) since fiat money depreciates over time (or just gets devalued overnight as it happened numerous times in the past). But if you save in Bitcoin, you may gather the required amount faster since Bitcoin may appreciate on its own. And it doesn't really matter that you might still have to convert your Bitcoin stash to fiat before making such a purchase. What is important here Bitcoin nowadays is a better means of storing value

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January 24, 2017, 10:47:42 AM
 #166

Sometimes we need to wait for transaction to be confirmed around 1 hour. Such thing has never happened to me, though. A credit card gets confirmation simultaniously in the shop. With btc it's different. However, did anybody have experience of a transaction not to be confirmed after some time? Maybe we just need to take the risks.


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January 24, 2017, 11:11:53 AM
 #167

using bitcoin in their daily lives is a necessity. today bitcoin has been widely used and accepted by various merchants.
in my country today almost everyone knows bitcoin and most of my friends are already using bitcoin.
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January 24, 2017, 11:59:51 AM
 #168

Bitcoin in the daily use is highly not possible. I have tried hard to find a stores accepting bitcoin. Recently saw a board describing bitcoins accepted, when entered in got the response that its been stopped temporarily.



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January 24, 2017, 12:07:40 PM
 #169

using bitcoin in their daily lives is a necessity. today bitcoin has been widely used and accepted by various merchants.
in my country today almost everyone knows bitcoin and most of my friends are already using bitcoin.
glad to hear that and wish the growth running faster than what we expect.
the problem always on how you can explain properly to common people.
they will always ask you a specific definition about bitcoin , and mostly we always hard to find a match description for them, they just feel confusing and then lost interest.

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January 24, 2017, 01:19:28 PM
 #170

Bitcoin in the daily use is highly not possible. I have tried hard to find a stores accepting bitcoin. Recently saw a board describing bitcoins accepted, when entered in got the response that its been stopped temporarily.

maybe you can search on internet and you can find many store online that accepting bitcoin as the payments or you can search in local website around you. i think for now, bitcoin is more famous and more people will know bitcoin because of the price is over than gold and maybe soon we can see that many store offline and online will accepting bitcoin as their payments.

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January 24, 2017, 01:33:36 PM
 #171

If you are always in a hurry then paying bitcoins to starbucks is time consuming. Even 1 confirmation will take very long if the miners fee is low. But if you are not in a hurry paying starbucks using bitcoin is a good experience in your coffee hours. But for me bitcoin is not yet ready to be used in offline shops, if there are many customers there will be a delay in the payments that can cause bad experience to the store and also to the customers.

But some shops accept payments made with bitcoin. How is the process going through the payment approval process? When customer drinked coffe and wants to pay the account, minimum 10 min will he wait in the cafe all along?
At the moment, Bitcoin can already be considered an efficient currency to transfer and store value... but for micropayments there is still much that needs to be improved.
There are different solutions that could be implemented, each one must be carefully studied, and then the possibility of implementation should be considered. One of the solutions that may work, according to some experts, is the use of the so-called lightning network.

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January 24, 2017, 03:08:46 PM
 #172

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

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January 24, 2017, 03:14:44 PM
 #173

there must be a confirmation for each transaction. This is currently one of the issues that is enough to occupy a lot of elements. because until now shipping confirmation bitcoin takes longer. everything is being repaired and bitcoin appropriate for use in their daily lives.

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January 24, 2017, 07:15:07 PM
 #174

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.
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January 24, 2017, 07:21:35 PM
 #175

usually use bitcoin for my daily use is to buy some digital goods, any bills or pulse it can purchase easily at the site whch is offer the services and bitcoin is very helpfull to my daily need
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January 24, 2017, 08:01:08 PM
 #176

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.
Yeah. people have developed a habit of using debit/credit card because it's been there for long time. they need to change their habit and start using bitcoin lol. it will probably take time to move towards bitcoin, but eventually it will happen. using bitcoin is much more easy and fast.

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January 24, 2017, 08:04:37 PM
 #177

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.
Yeah. people have developed a habit of using debit/credit card because it's been there for long time. they need to change their habit and start using bitcoin lol. it will probably take time to move towards bitcoin, but eventually it will happen. using bitcoin is much more easy and fast.

Agreed that bitcoin transactions are easy and fast but only people who are using it are aware about it and there are many people who haven't even heard about bitcoin yet and in that case it will be hard to convince them to switch to bitcoins as its not easy for someone to switch to something which totally new for them.
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January 24, 2017, 11:28:30 PM
 #178

there must be a confirmation for each transaction. This is currently one of the issues that is enough to occupy a lot of elements. because until now shipping confirmation bitcoin takes longer. everything is being repaired and bitcoin appropriate for use in their daily lives.
The number of confirmations that are required will depend on the merchant. Certainly there are merchants who request several confirmations. I think this is one of the first problems that must be resolved before Bitcoin becomes mainstream.
The good thing is that there are solutions to this, like Lightning Network, but I think this is a feature that requires SegWit activation to happen.

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January 25, 2017, 09:33:28 AM
 #179

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to

cash out your coins once per week or month or whenever you like and pay with fiat as usual?

I don't agree with your view because any time you convert from bitcoin to fiat and vice versa there are fees. Moreover, there are so many cases where bitcoin is by far the most advantageous way to pay. For example someone wants to buy from online shops which most times are more cheap than brick–and–mortar ones because the latter have generally more expenses. In addition many times is better someone does not hold cash because there is an increased risk of theft.
Reid
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January 25, 2017, 09:50:25 AM
 #180

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?
Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.

Very true. I remember when a friend introduced it to me, I dont even have the slightest idea to what it is. Before I always prefer cash and I do not even have a credit card, I dont even use my ATM for my groceries. I always go to an ATM machine first before buying what I need.
Some might have changed in me but what about those millions of people around me. Do they even have an idea? That is the problem here.

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