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Author Topic: Daily use of bitcoin?  (Read 42051 times)
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February 15, 2017, 07:41:16 PM
 #361

Nah, confirmation is just like the name -a confirmation-, I think in certain circumstances, if like in shop it can be approved automatically with checking the risk, input types and the like. The risk of fraud is higher with a credit or a debit card if you think about it.
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February 15, 2017, 08:05:34 PM
 #362

i use bitcoin daily but the problem is transaction pending confirmation
hope bitcoin make it faster for confirmation each transaction  Smiley
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February 16, 2017, 01:16:45 AM
 #363

i use bitcoin daily but the problem is transaction pending confirmation
hope bitcoin make it faster for confirmation each transaction  Smiley

When it is used in real life shops like starbucks ( if times comes that they are going to accept bitcoin ) We don't have to wait for the confirmation. They too will be having a problem if they let everyone just stand in front of them waiting for the transaction to be confirmed. An automated one like those when you buy digital goods, is a good idea to use.  Smiley

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February 16, 2017, 02:21:41 AM
 #364

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

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February 16, 2017, 03:15:33 AM
 #365

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

That is not easy until there is a clear law created by the government stating that the use of bitcoin is not illegal and supported by them. We need the exchanges here to cooperate with the government and since bitcoin is not money but just a payment processor, I guess it would only attract those who are frequently doing online transaction and those who love the technology and invest on it.

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February 16, 2017, 04:48:55 AM
 #366

Well, I would probably use bitcoin every day, if in my town a lot of people knew it. however, to date, it has not been able to do, because of the lack of knowledge, and the use of bitcoin in my town. Well, when bitcoin began to be received in my city, I will continue to use every day as long as I have it.
infact the mahority of people still do not know about the importance of bitcoin. therefore they are not giving any preference to it. i think it will still take some more time when we will be able to use bitcoin as fiat currency. still there are some people who are using it. because there some shops may accept bitcoin for shopping.



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February 16, 2017, 07:33:35 AM
 #367

Well, I would probably use bitcoin every day, if in my town a lot of people knew it. however, to date, it has not been able to do, because of the lack of knowledge, and the use of bitcoin in my town. Well, when bitcoin began to be received in my city, I will continue to use every day as long as I have it.
infact the mahority of people still do not know about the importance of bitcoin. therefore they are not giving any preference to it. i think it will still take some more time when we will be able to use bitcoin as fiat currency. still there are some people who are using it. because there some shops may accept bitcoin for shopping.
They will know as bitcoin continues to be successful, due time will come but we don't have to expect that we can get the majority to adopt, that is impossible I guess given most of them does not understand how it works. Fiat is still leading when it comes to the need of the people, it's easier and we are well protected by the law, bitcoin is anonymous and decentralized, good only for smart people who continues to educate themselves about bitcoin.

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February 16, 2017, 02:48:53 PM
 #368

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

That is not easy until there is a clear law created by the government stating that the use of bitcoin is not illegal and supported by them. We need the exchanges here to cooperate with the government and since bitcoin is not money but just a payment processor, I guess it would only attract those who are frequently doing online transaction and those who love the technology and invest on it

In case of Bitcoin this is an impossible combination

Really, if Bitcoin is a payment system but Bitcoin itself is not money, then payments in what money does it process? For example, PayPal is a payment processor, and it processes dollar payments (maybe, payments in other currencies too, I'm not sure). Therefore, if you think that Bitcoin is a payment processor, you should necessarily consider Bitcoin as money as well since the only payments that this payment system can process are Bitcoin payments and money is what people use as a means of payment

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February 16, 2017, 08:06:43 PM
 #369

In near future, Bitcoin will be best option for payment.

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February 17, 2017, 04:33:05 PM
 #370

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

That is not easy until there is a clear law created by the government stating that the use of bitcoin is not illegal and supported by them. We need the exchanges here to cooperate with the government and since bitcoin is not money but just a payment processor, I guess it would only attract those who are frequently doing online transaction and those who love the technology and invest on it

In case of Bitcoin this is an impossible combination

Really, if Bitcoin is a payment system but Bitcoin itself is not money, then payments in what money does it process? For example, PayPal is a payment processor, and it processes dollar payments (maybe, payments in other currencies too, I'm not sure). Therefore, if you think that Bitcoin is a payment processor, you should necessarily consider Bitcoin as money as well since the only payments that this payment system can process are Bitcoin payments and money is what people use as a means of payment
Well we could use bitcoin as payment process like PayPal, but bitcoin was not created for that it was not meant for this, more of investment than it is a just a payment method or process or whatever you want to call it, but I think now it is considered as a bridge between virtual and real money and a way to make money using more safe and easy methods.
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February 17, 2017, 05:01:55 PM
 #371

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

That is not easy until there is a clear law created by the government stating that the use of bitcoin is not illegal and supported by them. We need the exchanges here to cooperate with the government and since bitcoin is not money but just a payment processor, I guess it would only attract those who are frequently doing online transaction and those who love the technology and invest on it

In case of Bitcoin this is an impossible combination

Really, if Bitcoin is a payment system but Bitcoin itself is not money, then payments in what money does it process? For example, PayPal is a payment processor, and it processes dollar payments (maybe, payments in other currencies too, I'm not sure). Therefore, if you think that Bitcoin is a payment processor, you should necessarily consider Bitcoin as money as well since the only payments that this payment system can process are Bitcoin payments and money is what people use as a means of payment
Well we could use bitcoin as payment process like PayPal, but bitcoin was not created for that it was not meant for this, more of investment than it is a just a payment method or process or whatever you want to call it, but I think now it is considered as a bridge between virtual and real money and a way to make money using more safe and easy methods.

I think Bitcoin was created to be used as normal currency, to buy anything. If you want to go to the bakery and buy some bread, you can pay with Bitcoins, if you want to buy a house, you can use Bitcoins, surely it's possible only in the future, on long term, not now, but I don't think it was created only to be a speculative coin which you exchange fiat to it and earn value to your money on long term safely.

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February 17, 2017, 06:00:26 PM
 #372

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.
I think the key is only the mass adoption of bitcoin and that all stores accept bitcoin as a payment options available. that's the key. when many stores accept bitcoin, then users will increasingly use bitcoin

That is not easy until there is a clear law created by the government stating that the use of bitcoin is not illegal and supported by them. We need the exchanges here to cooperate with the government and since bitcoin is not money but just a payment processor, I guess it would only attract those who are frequently doing online transaction and those who love the technology and invest on it

In case of Bitcoin this is an impossible combination

Really, if Bitcoin is a payment system but Bitcoin itself is not money, then payments in what money does it process? For example, PayPal is a payment processor, and it processes dollar payments (maybe, payments in other currencies too, I'm not sure). Therefore, if you think that Bitcoin is a payment processor, you should necessarily consider Bitcoin as money as well since the only payments that this payment system can process are Bitcoin payments and money is what people use as a means of payment
Well we could use bitcoin as payment process like PayPal, but bitcoin was not created for that it was not meant for this, more of investment than it is a just a payment method or process or whatever you want to call it, but I think now it is considered as a bridge between virtual and real money and a way to make money using more safe and easy methods.

I think Bitcoin was created to be used as normal currency, to buy anything. If you want to go to the bakery and buy some bread, you can pay with Bitcoins, if you want to buy a house, you can use Bitcoins, surely it's possible only in the future, on long term, not now, but I don't think it was created only to be a speculative coin which you exchange fiat to it and earn value to your money on long term safely.
For now its impossible to use it like that and i think is just like the other payment method like vcc or virtual card those are acting like bitcoin these days its more people are using virtual card as payment method in online service or buying something online.. if bitcoin will be the same as bank credit card it that you can use for shopping locally it will be just the same as credit cards.. not use for buying only for bread unless if they are accepting credit card.. if someone are making a physical bitcoin with added gold so that there are some value plus the price of bitcoin.. we can use it locally. with physical coins..

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February 18, 2017, 02:31:11 AM
 #373

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?

If you enter the appropriate fee values, your payments will be approved shortly. Bitcoin structure transfer process takes at least 10 minutes. I think it's enough time for 10 minutes of shopping. Even enough time to get coffee from Starbucks.

https://bitcoinfees.21.co/ you can look at the appropriate fee values on this site.
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February 18, 2017, 03:07:38 AM
 #374

For daily bitcoin use, more businesses need to accept bitcoin. I do not think there's enough advertising for it.
For this, more products related to bitcoin need to be developed. People need to gain experience about bitcoin as both knowledge and habit.
So far, we have less advertisement with bitcoin that is why few people were involve here versus to the total population using internet.
But, because of gambling site they use bitcoin as one of their medium of exchange/payment with that bitcoin has been popular in gambling, but so far not we do have online merchant that does accepts bitcoin, also restaurant, and some real estate industry.

Yeah. Bitcoin prefers betting sites especially because of the ease of payment. In fact, this is an important development for the bitcoin ad. After all, betting people tell bitcoin to their family and friends circles.

There is no obstacle to the use of bitcoin in the restaurant or real estate sector. So the bitcoin system can be used very comfortably in these areas.
Only entrepreneurial people are needed.
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February 18, 2017, 04:27:10 AM
 #375

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.

Bitcoin is already easier and faster to use, but it is not enough for the Government to consider bitcoin to use in our daily transactions, because it is a poison to them, since bitcoin is decentralized, they can't get a tax on it, and if they don't get tax, there will be no budget on every projects that they are going to launch for their country, that is why, it is not that easy to convince the Government about this, that bitcoin should be use as a payment for our daily transactions.

But I guess, soon enough, Government will accept bitcoin and will change the rules and certain law about this taxes, so that, there will be no more problem about using bitcoin in our everyday lives, who knows, if this thing really happen, then it is the start of the big change that could happen to all of us, for the brighter future.

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Sled
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February 18, 2017, 08:36:09 AM
 #376

This thing can be truly happen if the stores whether it is big or small start using or adopting bitcoin as their another payment option. If stores or any kind of business will start accepting bitcoin to their lives then we can surely use bitcoin for daily basis and treat like a traditional kind of money.

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February 18, 2017, 08:46:25 AM
 #377

if  make Bitcoin transaction easier and faster, maybe people can use it in our daily needs.

They can't make this happen. It is because the whole system is decentralized. They can't see who is spamming the system and who is not. And even if they see it, they can't ban nobody for this. When a number of people creates spam attacks on the Blockchain it gets  slower and waiting times increase dramatically.

Even if there were no attacks and everything is going well, i still would prefer my MasterCard over bitcoin.
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February 18, 2017, 09:12:17 AM
 #378

i use bitcoin daily but the problem is transaction pending confirmation
hope bitcoin make it faster for confirmation each transaction  Smiley

When it is used in real life shops like starbucks ( if times comes that they are going to accept bitcoin ) We don't have to wait for the confirmation. They too will be having a problem if they let everyone just stand in front of them waiting for the transaction to be confirmed. An automated one like those when you buy digital goods, is a good idea to use.  Smiley

Actually, you don't need to wait for a confirmation if the TX fee is high enough..
With a simple check you could give out the coffee without waiting for the confirmation..
On the other side if fee is too low.. then ppl have to wait for Confirmation..

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February 18, 2017, 09:25:11 AM
 #379

Why would you even want to use bitcoins in routine daily shops? you just need to use bitcoin wherever and whenever it's convenient for you not to replace it with fiat.

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February 18, 2017, 10:03:36 AM
 #380

Why would you even want to use bitcoins in routine daily shops? you just need to use bitcoin wherever and whenever it's convenient for you not to replace it with fiat.

That I totally agree. Use it whenever I want. If you want to cash it out or make it to fiat then do so. That is your own money now and nobody should block your way into using it.
Some do think it should be kept hidden until the big rise. Question is do you have to really wait if you could make a little profit out of the movements of bitcoin.

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