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Author Topic: Daily use of bitcoin?  (Read 42050 times)
Meliodasama
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February 22, 2017, 03:59:37 AM
 #421

i guest even bitcoin need to confirmation
then we have to wait long confirmation ,
i think its not good for fast food company to use bitcoin as payment  Grin
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February 22, 2017, 04:56:38 AM
 #422

A reward system could be a good way to enhance usage in local shops. If for every bitcoin transaction, one is rewarded with rebates or points or perks, that could potentially attract more users because not only could they benefit from cashless transactions but also they could collect rewards just for doing so. Many online shops are already doing that but it might be a while for these physical shops to start adopting such a strategy.
The reward system you think will only make it costly for us, of course they will be putting additional cost to the product they are selling as in the end they always want to be profitable. Merchants could offer promotion but only those who are new customers who are not cautious of the real price will bite that kind of trap, but if majority of people will be attracted then good for them and good for the bitcoin community as a whole.

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February 22, 2017, 06:37:06 AM
 #423

i guest even bitcoin need to confirmation
then we have to wait long confirmation ,
i think its not good for fast food company to use bitcoin as payment  Grin

The only draw back the confirmation times but that doesn't rule out the fact that Bitcoin can be used on a daily basis because if the developers manage to increase the block size thus confirmation waiting time problem will be solved and people will be able to make purchased quicker.



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February 22, 2017, 08:04:02 AM
 #424

i guest even bitcoin need to confirmation
then we have to wait long confirmation ,
i think its not good for fast food company to use bitcoin as payment  Grin

The only draw back the confirmation times but that doesn't rule out the fact that Bitcoin can be used on a daily basis because if the developers manage to increase the block size thus confirmation waiting time problem will be solved and people will be able to make purchased quicker.
yes that is right to say that these problems must be solve n priority basis. because people are now using bitcoin as fiat currency even in local shops so they cannot wait for such a long time for conformation. otherwise it will then create problems.
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February 22, 2017, 08:17:30 AM
 #425


yes that is right to say that these problems must be solve n priority basis. because people are now using bitcoin as fiat currency even in local shops so they cannot wait for such a long time for conformation. otherwise it will then create problems.
[/quote]

But how to prioritize what transactions, say in a local shop, is more important than other?  Undecided
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February 22, 2017, 11:53:34 AM
 #426

I would imagine that it would go as fast swipping a card once companies actually understand how they work and such like that.
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February 22, 2017, 12:25:29 PM
 #427

i guest even bitcoin need to confirmation
then we have to wait long confirmation ,
i think its not good for fast food company to use bitcoin as payment  Grin
I do not overuse bitcoin perhaps several transactions in a week. not every day. because the fee on bitcoin began to swell, and when you're using a small fee just one confirmation could take several days






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February 22, 2017, 12:40:42 PM
 #428

I would imagine that it would go as fast swipping a card once companies actually understand how they work and such like that.

Fast transaction in buying digital goods already happened, so I think in real life, they could implement that even without waiting for big companies to start using bitcoin... I think small merchants are the best example to start with...  Smiley

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February 22, 2017, 12:48:09 PM
 #429

In our country especially in the provinces, most people doesn't have any idea about bitcoin. Using it in a daily basis may be hard to implement such that it is not yet known. Actually, when some people I know heard about bitcoin, first thing that come from their mind was it is illegal or even it was all about gambling. It will always depend on the location or place where you at.
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February 22, 2017, 12:51:23 PM
 #430

i guest even bitcoin need to confirmation
then we have to wait long confirmation ,
i think its not good for fast food company to use bitcoin as payment  Grin
I do not overuse bitcoin perhaps several transactions in a week. not every day. because the fee on bitcoin began to swell, and when you're using a small fee just one confirmation could take several days

Good for you for withdraw bitcoin in large numbers due to tax effect 1% of total transactions. However, many people withdraw bitcoin every day because of urgent need,  and also to draw some profits on trade market. Blockchain now being troubled by uncorfirmations transaction. Should temporarily using another wallet.
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February 22, 2017, 01:00:45 PM
 #431

Actually my daily use of bitcoin is storing it in my online wallet and cash it exchange to fiat money currency for spending on my family needs specially for additional budget. Sometimes I also use my bitcoin to gamble for fun betting online and directly send the amount of btc from my wallet. I also use my bitcoin to load my mobile number which is directly converted through the wallet exchanger options.

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February 22, 2017, 03:56:41 PM
 #432

I use them from time to time nothing serious on it though. I mainly only use it when I am hungry and sitting at the house other than that I really gamble most of it  away hah.
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February 23, 2017, 10:42:44 AM
 #433

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?

That seems to be the problem of all Bitcoin enthusiasts; I personally think there's the need to increase the block size because it's very annoying to wait long hours for a simple confirmation and so something needs to be done else using Bitcoin in our daily life will be challenging.

But that's why bitcoin is valuable. So a limited number of bitcoins will be produced within a certain time. If you produce bitcoin in a very short time, the price of bitcoin will fall in the same range.
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February 23, 2017, 11:10:36 AM
 #434

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.

This is one of what's supposed to be. The greater the number of shops accepting bitcoins, the more information people have. But there is one more important issue. People need to get their salaries as bitcoins. The real awareness will then begin.

It is not enough for the shops to accept bitcoins. People need to have a bitcoin to spend.

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February 23, 2017, 11:28:07 AM
 #435

I use bitcoin for some shopping online, pay the electricity token, pulse and so on. the thing that makes me happy is bitcoin transactions with more rapid and inexpensive cost.

I did the same. I bought graphics cards to mine altcoins.
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February 23, 2017, 11:43:48 AM
 #436

I use bitcoin for some shopping online, pay the electricity token, pulse and so on. the thing that makes me happy is bitcoin transactions with more rapid and inexpensive cost.

I did the same. I bought graphics cards to mine altcoins.

I think you need a motherboard with multiple PCI-E slots and for GPU mining rigs you will need to use extenders. because the first thing you need to ensure is that the power supply you go for has enough PCI-E power connectors available to power all of your video cards in the mining rig. So if you have 6 video cards getting six separate PCI-E power connectors from the power supply is the best solution. but well I think you know what you are doing so good luck.


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deisik
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February 23, 2017, 04:46:13 PM
 #437

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.

This is one of what's supposed to be. The greater the number of shops accepting bitcoins, the more information people have. But there is one more important issue. People need to get their salaries as bitcoins. The real awareness will then begin.

It is not enough for the shops to accept bitcoins. People need to have a bitcoin to spend

It is sort of a causal loop, so to speak (see Looper film to get an idea)

In such event loops one event causes another event which is the cause of the first event. In this case, merchants are not widely accepting bitcoins because there are no spenders but spenders are absent because there are no merchants accepting bitcoins. Personally, though, I tend to think that merchants (and producers, for that matter) should come first, mostly for two reasons. First, if they start accepting bitcoins they are not losing anything since they would just sell their goods for fiat if there is no demand for paying with Bitcoin. Second, goods are first produced and only after having been produced they are sold, thus the producers should apparently act first

bitcoinmasterlord
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February 23, 2017, 06:12:46 PM
 #438

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.

This is one of what's supposed to be. The greater the number of shops accepting bitcoins, the more information people have. But there is one more important issue. People need to get their salaries as bitcoins. The real awareness will then begin.

It is not enough for the shops to accept bitcoins. People need to have a bitcoin to spend
I will also agree that shops and online stores accept bitcoin then it will be easy to use bitcoin on a daily basis in the real world. But no one will accept bitcoin as their salary. People are interested in Bitcoin, but they are not ready to accept here salary in Bitcoin. Because of the bictoin price. If the price is stable people can accept Bitcoin, but it's not stable and huge price fluctuation. Let's see in future, but I am not sure.


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February 23, 2017, 06:28:25 PM
 #439

In my country, the bitcoin is not used too much in the exchange of real life products. It's rare, you know, at the moment, I only know one coffee store accepts bitcoin to be paid. In some countries, you must changes it to that country's currency for using.
I think it's good enough to use bitcoin in online - shops. But I hope oneday, when all the people know about bitcoin, we can use it in real life, that's good signal for our life.
Also I think we need to think about the possible consequences of using bitcoin for transactions on the physical world, if you want anonymity then most transactions like buying a coffee are out of the question since most of those places have cameras and could be used to identify you and link you to that address and any transaction coming from that address.



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Rainbot
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February 23, 2017, 06:41:48 PM
 #440

In my country, the bitcoin is not used too much in the exchange of real life products. It's rare, you know, at the moment, I only know one coffee store accepts bitcoin to be paid. In some countries, you must changes it to that country's currency for using.
I think it's good enough to use bitcoin in online - shops. But I hope oneday, when all the people know about bitcoin, we can use it in real life, that's good signal for our life.
Also I think we need to think about the possible consequences of using bitcoin for transactions on the physical world, if you want anonymity then most transactions like buying a coffee are out of the question since most of those places have cameras and could be used to identify you and link you to that address and any transaction coming from that address.
I think the main reason why bitcoin is created, is because of being an another currency who will serve as a back up from our primary money or fiat. Anonymity is not the main concern because you can still have that feature because not all the stores record your transactions between them, it doesn't matter if they have cameras or cctvs because still, they can't trace wherever you go by just using bitcoin address and also they can't tell who you are because in the stores, they are just concern for your money and not identity.

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