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Author Topic: Daily use of bitcoin?  (Read 42052 times)
20kevin20
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January 16, 2017, 12:27:01 PM
 #21

If you have a business, it would be a pain for your customers to wait until the payment has been confirmed. If the blocks will stay behind, who would wait at a restaurant or minimarket for a few hours to confirm their transaction? In this case, they need to accept the payment even if it is not confirmed yet, like Microsoft and Steam does.
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January 16, 2017, 12:31:57 PM
 #22

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.

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January 16, 2017, 12:58:49 PM
 #23

I hope more store adopt the use. bitcoin should work to improve this if it does not want alternatives. What will be required of any alternative cryptocurrency is to gain the status of bitcoin, improve the acceptability, make it available  and get a faster transaction but if bitcoin improve on this with its acceptability it will thrive over all

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January 16, 2017, 01:05:30 PM
 #24

I have ever only used bitcoin online so the confirmation times have not been that frustrating for me.

I can imagine it would depend on the merchant and how they would verify the payment as being made, if they are happy to see that it is on the blockchain and awaiting confirmation that would speed things up, this could cause some issues as someone might pay a minuscule fee that will take forever to go through which would cause the merchant to have to wait to get their payment.

If the future updates go ahead it should help this situation.

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January 16, 2017, 01:15:06 PM
 #25

The confirmations actually depend upon the person who accepts bitcoin.
Some require 4 some 3 some 6.
So in places like coffee shops, they may approve your payments with 1 confirmation. No matter!

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January 16, 2017, 01:23:40 PM
 #26

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?

There would always need for confirmation whenever we need a transaction regarding Bitcoin I think it is not a grudging wait for anyone if a few minutes have been wasted by confirming with bitcoin and I think it wouldn't have to be minutes but more of a seconds the way transaction occur in bitcoins, well there are many different Bitcoin wallets out there and there are many kinds of transactions we have using bitcoin, I think the speed have interruption regarding your internet connection.

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January 16, 2017, 01:25:53 PM
 #27

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.

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January 16, 2017, 01:28:37 PM
 #28

I hope more store adopt the use. bitcoin should work to improve this if it does not want alternatives. What will be required of any alternative cryptocurrency is to gain the status of bitcoin, improve the acceptability, make it available  and get a faster transaction but if bitcoin improve on this with its acceptability it will thrive over all
Im hoping that upgrading of bitcoin system too, Im sure in the future bitcoin will improve more than todays system. We can just hope that devs make a way to make it possible.

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January 16, 2017, 01:34:35 PM
 #29

If you have a business, it would be a pain for your customers to wait until the payment has been confirmed. If the blocks will stay behind, who would wait at a restaurant or minimarket for a few hours to confirm their transaction? In this case, they need to accept the payment even if it is not confirmed yet, like Microsoft and Steam does.

Yes, for the business that require instant approval of payments like grocery stores and food places, The bitcoin cannot be used buz it will take few minutes for confirmation and the queue of customer will be long and long due to transactions confirmation delay. Need to fix this issue with block chain.

                                 
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January 16, 2017, 01:35:19 PM
 #30

I don't use bitcoin directly for offline, but i load my bitcoin debt card and use it weekly for various things. Online i use regulary too shopping for amazon (via purse.io) or buying some stuffs like domain, hosting, or service.
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January 16, 2017, 01:38:46 PM
 #31

I heard that Starbucks already started to accept bitcoin as payment. I don't imagine how it work exactly, because of I have no place here that would accept bitcoin. But I think such transactions in place that work with bitcoin all operations provided as fast as with a card.

Starbucks accepts btc - thats good. I don't think startbucks in my country will start accepting though but its a good start.

I hope more store adopt the use. bitcoin should work to improve this if it does not want alternatives. What will be required of any alternative cryptocurrency is to gain the status of bitcoin, improve the acceptability, make it available  and get a faster transaction but if bitcoin improve on this with its acceptability it will thrive over all
Im hoping that upgrading of bitcoin system too, Im sure in the future bitcoin will improve more than todays system. We can just hope that devs make a way to make it possible.

I have read it here in the forum where they mentioned the stores in Brazil are already accepting bitcoin. If they are, chances is that more and more store there will accept bitcoin. Things like these should be on TV.

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January 16, 2017, 01:42:38 PM
 #32

I try not to spend my Bitcoins in everyday life, especially in the coffee cup and the podobonoe, bitcoin value of growing and at some point realize that for a cup of coffee paid too much really no desire.

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January 16, 2017, 01:44:07 PM
 #33

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?

Honestly daily life Bitcoin is bit difficult to implement why, cause sometimes it takes hours to approve and then sometimes days. Now you order a coffee today and it's get cleared after 3-5 days who can wait for it. One thing that could be worked out would be upload your btc to Starbucks wallet or card. And then use it. For payment. That's the only way I think a prepaid card or directly sending btc in the wallets of the general day to day stuff and use till it's limits is over. But there are not many shop keepers who shall accept this solution.

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January 16, 2017, 01:45:28 PM
 #34

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?
Just don't make things complicated dude, just your fiat rather than bitcoin. There are certain transactions where bitcoin is more favorable and you should only use bitcoin on such transaction, one good example is gambling, it's the industry where bitcoin is very popular.

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January 16, 2017, 02:00:01 PM
 #35

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 think in some site that accept bitcoin, no need to wait even it is only 1 confirmation, after their wallet detect some transaction, it means we already paid because bitcoin is ireversible. maybe it will be good if some site use that way.  

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January 16, 2017, 02:05:26 PM
 #36

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 think it would only take 1 confirmation for your transaction to reflect in their wallet so you would not have to wait for an hour just to get your order,And also I hope that other store's would also accept bitcoin as a payment method
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January 16, 2017, 02:12:21 PM
 #37

If you have a business, it would be a pain for your customers to wait until the payment has been confirmed. If the blocks will stay behind, who would wait at a restaurant or minimarket for a few hours to confirm their transaction? In this case, they need to accept the payment even if it is not confirmed yet, like Microsoft and Steam does.

It makes people avoid bitcoin if they need to wait in stores for confirmation after making the payment. For this reason what above mate suggested is truly an good idea which has been already followed by Microsoft and steam.

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January 16, 2017, 02:18:23 PM
 #38

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 think its not need already for you to wait as long you already sent the amount and the store owner able to see the unconfirmed transaction in his wallet then he might approve it already since we all know that bitcoin transactions is not reversible and people will surely be confident that they would able to recieve the payment.

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MWesterweele
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January 16, 2017, 02:24:49 PM
 #39

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?
Some store or website only needs to take 1 confirmation before it will totaly confirmed by the website or to received the full payment. If you already wait for too long its the blockchain problem nor the transacton it self.

jtipt
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January 16, 2017, 02:30:42 PM
 #40

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?
Actually the confirmation isnt really necessary, it depends on the seller some seller keep it at 3 confirmations while others at only 1, i have also seen some sells requiring no confirmations if the fees send is little over recommend amount.
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