Bitcoin Forum
December 14, 2017, 03:53:08 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 »
  Print  
Author Topic: Daily use of bitcoin?  (Read 42050 times)
jovs
Sr. Member
****
Online Online

Activity: 378



View Profile
February 25, 2017, 11:09:30 AM
 #461

I don't think there is a need to wait for the confirmation, if a fee recommended or little above is paid you'll get faster confirmations. Hopefully in the future this kind of things can be reduce, if the transaction speed being increase i am sure many store will start to adapt bitcoin and more user will be happy to used bitcoin.

Confirmation in transaction is not a problem anymore, just take a look at how we bought digital goods. As soon as we send the amount to the address provided by the site, it immediately mark our transaction paid after a few seconds. If that's what the stores in real life will use, then transaction confirmation won't be a problem.

But if we will use the traditional confirmation waiting, then that will really slow down the transactions in the stores or if you want it fast then you pay high transaction fee.
Yes , transactions confirmation is not actually a problem anymore especially when you use an application appropriate for your transaction. Here in my country we have an application called coin.ph , in this you can use the most out of bitcoin. You can paybills , buyload or even convert to money on other transaction you have. It's a wallet too at the same time so you could actually save lot of bitcoin while using it at the same time.



Senior members

Quote
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
█████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████
█████                   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████▄   ████   ████   ▄█████
██████▄   ▀▀█   █▀▀   ▄██████
████████▄           ▄████████
███████████▄▄▄▄▄▄▄███████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
    
U N I T E D  T R A D E R S
▬▬▬  ● ●  Community of Proffesional Traders  ● ●  ▬▬▬
    ▐

▐       
The High-End Solutions in Trading Technology ▃ ▅ ▇
Since 2009 [..YouTube..★..Facebook..★..Twitter..★..Telegram..]
    ▐

▐       
Token sale ends ● ● ▬▬▬
24 December
    ▌


Code:
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
█████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████
█████                   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████   █████   █████   █████
█████▄   ████   ████   ▄█████
██████▄   ▀▀█   █▀▀   ▄██████
████████▄           ▄████████
███████████▄▄▄▄▄▄▄███████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   

   

   

1513266788
Hero Member
*
Offline Offline

Posts: 1513266788

View Profile Personal Message (Offline)

Ignore
1513266788
Reply with quote  #2

1513266788
Report to moderator
1513266788
Hero Member
*
Offline Offline

Posts: 1513266788

View Profile Personal Message (Offline)

Ignore
1513266788
Reply with quote  #2

1513266788
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513266788
Hero Member
*
Offline Offline

Posts: 1513266788

View Profile Personal Message (Offline)

Ignore
1513266788
Reply with quote  #2

1513266788
Report to moderator
South Park
Hero Member
*****
Offline Offline

Activity: 546


★Bitvest.io★ Play Plinko or Invest!


View Profile
February 25, 2017, 04:46:08 PM
 #462

I do not know why everyone thinks that Bitcoint transactions are very slow, I am using Bitcoin every few days and I do not wait much for the transaction to get confirmed. You just need to put a 'big' fee and it will be done in less than half an hour. And big isn't really big - you're just buying a coffee.
i thing many people want to spread negative news about bitcoin because they saying that bitcoin bitcoin transaction is slow i also see that many people discussing that bitcoin transaction is slow but i do not believe it because bitcoin transaction is faster for me and i also do not wait for the transaction to get confirmed .
Be careful transactions are instant but getting a confirmation can take a while if you accept a transaction as valid without a confirmation you are risking the other party in the transaction doubles spend his coins and if at that moment you already sent a product or something it is very unlikely you are going to get your payment.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Mbah Tyo
Sr. Member
****
Offline Offline

Activity: 294


Blocklancer - Freelance on the Blockchain


View Profile
February 25, 2017, 05:21:13 PM
 #463

seems in payments by bitccoin, need not be left waiting for approval used to be that having the store will have the easiest way so that everyone can enjoy how easy it is to use bitcoin in their daily lives

★★★★★★★ BLOCKLANCER ★★★★★★★
★ Freelance on the BlockchainVISIT US! JOIN BOUNTY
The first Decentralized Autonomous Job market (DAJ)
Gaaara
Hero Member
*****
Offline Offline

Activity: 490



View Profile
February 25, 2017, 05:37:52 PM
 #464

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 will be complicated to use it for daily transaction directly because you know like as they say the confirmation takes time. What my friend and I does is exchanging bitcoins for our standard currency, so still we are using bitcoins for our daily life.

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












GreenBits
Hero Member
*****
Offline Offline

Activity: 938


I have no mouth and I must scream.


View Profile
February 25, 2017, 06:09:17 PM
 #465

I have a Shift card, courtesy of Coinbase. I essentially use coinbase as a zero fee free checking account. I had a Wells Fargo account nt for a great deal of time, but ultimately found that the "hidden" fees are such that it's actually cheaper to use local check cashing businesses in my area rather than a corporate bank. Credit unions are pretty good, but quite honestly, if you are banking in America, you'd be better off with a bitcoin wallet and card combination. You will save mucho dinero. Try it for a month. I haven't spent an electronic USD in about 3 or 4 years. Well, on consumer products, my portfolio unfortunately requires the almighty dollar.

pearnapple
Sr. Member
****
Offline Offline

Activity: 434


View Profile
February 25, 2017, 06:17:15 PM
 #466

At the time I'm posting this using bitcoins for daily use can be a really big disaster as confirmation from past few days it taking more than 2 hours and also in my country there aren't any stores which accept bitcoin so I'll just save it in my wallet for now.
well if you include a decent fee to your transaction then you would surely have no trouble with that no matter how long other transactions take or how full the blocks are, of course it would be more expensive but you can still use it daily easily, though the real problem is that there is still no facilities to use bitcoin on all the time, in my opinion it will be possible only like a few years from now on. Also i would not want to use my bitcoins just right now because the price might be growing up a lot thus I don't want to lose an opportunity to make some good profit.

bitbob82
Hero Member
*****
Offline Offline

Activity: 630


View Profile
February 25, 2017, 06:57:16 PM
 #467

At the time I'm posting this using s for daily use can be a really big disaster as confirmation from past few days it taking more than 2 hours and also in my country there aren't any stores which accept  so I'll just save it in my wallet for now.
i think not in only your country all developing countries in the world don't have relevant stores to accept bitcoin or any online store or brand is accepting it. so the main use of bitcoin for us is to use it for investment purpose or to earn it from different source. so, in order to use it as a daily purpose it is hard to use.
in fact bitcoin is still very new. and i think it still require a good time to become more stable and popular that all the stores start using bitcoin and it can only  possibility when majority of people will start using bitcoin and the storekeepers become motivated to start accepting bitcoin in their stores.
Pab
Legendary
*
Offline Offline

Activity: 1204



View Profile
February 25, 2017, 07:10:58 PM
 #468

Here i have only one restaurant accepting btc,nobody use btc to pay even restaurant owners and menagment dont know how to use it,still best option is exchange and pay with fiat,i think it will not change soon


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄         
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄       
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███     
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄   
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀   
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀     
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀       
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

     
                         [ Website ]                     
     
JasonXG
Hero Member
*****
Offline Offline

Activity: 728


Betcoin.ag


View Profile
February 25, 2017, 07:18:28 PM
 #469

They will probably use 0 confirmation transactions. It will ebentually go through I dont see the problem here. You can't do I le spend or cancel it. Bitcoin is permanent. Many places accept 0 confirmation deposits including ga!bling sites. These people that claim you can reverse or double spend and cancel it and somehow rip the casino off by not letting it go through if you lose is a load of crap. There is no proof of such ludacris rubbish stories.

Creepings
Sr. Member
****
Offline Offline

Activity: 392



View Profile
February 25, 2017, 08:35:05 PM
 #470

seems in payments by bitccoin, need not be left waiting for approval used to be that having the store will have the easiest way so that everyone can enjoy how easy it is to use bitcoin in their daily lives

there is no need to wait when we are are paying using bitcoins. All you need to do is scan a QR code and just send it, it is easy, it is been using by many people and is been an efficient way for them paying things. There are even waffle stands that accept bitcoin.



         ▄▄██████████▄▄
      ▄█████████████████                                ▄▄▄▄     ▄▄▄▄     ▄▄▄▄
    ▄███████▀▀   ▀▀██████                              ██████   ██████   ██████
   ▄██████▀        ██████                              ▀████▀   ▀████▀   ▀████▀
  ▐██████          ▀▀▀▀▀▀
  ██████
 ▐██████
 ██████      ███████████▌    ████████▄▄       ▄███▌     ▄██████████ ███████████▌
▐██████      ███████████    ▐███   ▀███▌     ▄████▌     ███▌           ▐███
██████▌          ██████▌    ███▌    ███▌    ███▀███     ███            ███▌
██████▌          ██████    ▐███▄▄▄▄███▀    ███  ███    ▐█████████      ███
███████         ███████    ████▀▀▀███▄    ███   ███▌   ███▀▀▀▀▀▀      ▐███
 ▀███████▄▄▄▄▄████████    ▐███     ███  ▄██████████▌  ▐███            ███▌
  ▀████████████████▀      ███▌    ▐███ ▄███     ▐███  ███▌           ▐███
     ▀▀███████▀▀▀         ▀▀▀     ▀▀▀▀ ▀▀▀       ▀▀▀  ▀▀▀            ▀▀▀▀

║▮
║▮
║▮

▮║
▮║
▮║



                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████
   ▐████




                      ▄▄████
                ▄▄▄████████▌
          ▄▄▄███████▀▄█████
     ▄▄█████████▀▀ ▄██████▌
▄▄███████████▀  ▄█████████
 ▀▀▀█████▀    ▄██████████▌
       ██   █████████████
        █▄ █████████████▌
        ▐█▄███▀▀████████
         ███▀    ▀▀████▌
                    ▀▀█


                   ▄▄▄    ▄▄██▄▄
                   ██▀▀██████████
                  ██     ████████
                 ▐█▀      ▀████▀
   ▄▄▄▄    ▄▄██████████▄▄    ▄▄▄▄
 ▄████████████████████████████████▄
▐██████████████████████████████████▌
▐██████████   ▀██████▀   ███████████
 █████████▌    ██████    ██████████
  ▀██████████████████████████████▀
   ▀████████▀▀████████▀▀████████▀
     ▀███████▄        ▄████████▀
       ▀████████████████████▀
          ▀▀▀▀█████████▀▀▀▀
zidanw
Sr. Member
****
Offline Offline

Activity: 378


UNIVERSA - BLOCKCHAIN FOR BUSINESS


View Profile
February 25, 2017, 11:53:18 PM
 #471

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 don't know how to payment but if they use instant deposit on sites like gambling you don't have to wait for confirmation of the transaction but for the convenience it should wait for confirmation

richardsNY
Legendary
*
Offline Offline

Activity: 896


View Profile
February 26, 2017, 12:07:46 AM
 #472

seems in payments by bitccoin, need not be left waiting for approval used to be that having the store will have the easiest way so that everyone can enjoy how easy it is to use bitcoin in their daily lives

there is no need to wait when we are are paying using bitcoins. All you need to do is scan a QR code and just send it, it is easy, it is been using by many people and is been an efficient way for them paying things. There are even waffle stands that accept bitcoin.

Most merchants use a service such as BitPay to handle everything. In cases of amounts up to $20-$30 BitPay will accept it instantly if there is a proper fee included. It prioritizes all incoming transactions based on their satoshi/byte ratio. If a low fee is included, and thus the chances of a double spend attack are realistic, it will force you to wait for at least one confirmation.

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 don't know how to payment but if they use instant deposit on sites like gambling you don't have to wait for confirmation of the transaction but for the convenience it should wait for confirmation

You can't compare gambling with buying something from a physical store. Depending on the site of course, you can play instantly on gambling sites when you make a deposit, but they will require you to have at least one confirmation at the time you plan to cash out. No confirmations, no cashout. It's that simple.

BeGoods
Hero Member
*****
Offline Offline

Activity: 952



View Profile
February 26, 2017, 01:16:49 AM
 #473

At the time I'm posting this using bitcoins for daily use can be a really big disaster as confirmation from past few days it taking more than 2 hours and also in my country there aren't any stores which accept bitcoin so I'll just save it in my wallet for now.
Lol yeah that was the problem this time where use fee that's going to require a very long time to confirm? so I do not every day use bitcoin transactions. maybe a couple of weeks to top up mobile phones

klf
Legendary
*
Offline Offline

Activity: 1162


View Profile
February 26, 2017, 01:35:43 AM
 #474

Here i have only one restaurant accepting btc,nobody use btc to pay even restaurant owners and menagment dont know how to use it,still best option is exchange and pay with fiat,i think it will not change soon

Bitcoin confirmation is the main issue as of now. Sometimes they literally take few hours. Some of the businesses ask to use particular wallets for faster confirmation. Last time Fiverr was asking to use coinbase wallet for faster confirmation but not they stopped accepting bitcoins to buy gigs. As you said, the best option is to convert it into fiat first then use it for daily use.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,SELLALL+YOUR+BITCOINTALK+ACCOUNTS+TO+ME,
   ▀[/color]
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████[/color][/size][/url][/td][/tr][/table]
n0ne
Hero Member
*****
Offline Offline

Activity: 686


View Profile WWW
February 26, 2017, 03:35:40 AM
 #475

Here i have only one restaurant accepting btc,nobody use btc to pay even restaurant owners and menagment dont know how to use it,still best option is exchange and pay with fiat,i think it will not change soon

Bitcoin confirmation is the main issue as of now. Sometimes they literally take few hours. Some of the businesses ask to use particular wallets for faster confirmation. Last time Fiverr was asking to use coinbase wallet for faster confirmation but not they stopped accepting bitcoins to buy gigs. As you said, the best option is to convert it into fiat first then use it for daily use.
Converting to fiat and using is the best way to use it for daily needs. Particularly now most of the bitcoin wallets has got the same confirmation time. Most of the transactions have been taking a minimum of one day to get confirmed. Fiverr is the one that needs a faster confirmation for the gigs and continued freelance earning.


            ▄▄████████▄▄
        ▄██████████████▄
    ▄█████████████████▄
  ██████████████████████
▐██████████████████████▌
████████████████████████
████████████████████████
████████████████████████
▐██████████████████████▌
  ██████████████████████
    ▀█████████████████▀
        ▀██████████████▀
            ▀▀████████▀▀
bitPlay 
        ████
    █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
    █  ████
        ████
      EARN UP TO 5.9% DAILY INVESTING IN eSPORTS   
    ▃▃▃▃ ▃▃▃▃▃▃    Choose a plan, make a deposit and enjoy the profit!     

████
████  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █
████
✔ DDOS Protection
✔ SHA-2/2048-BIT SSL Encryption
✔ Brilliant Solutions
✔ Fast Income
Tyrantt
Hero Member
*****
Offline Offline

Activity: 700



View Profile
February 26, 2017, 04:00:42 AM
 #476

Could maybe a pre-blockchain part be implemented? Like a system that accepts payments, transactions, in seconds and when then later on it syncs with the blockchain and confirmations? Like a storage of transactions where all are stored before sent out.



         ▄▄██████████▄▄
      ▄█████████████████                                ▄▄▄▄     ▄▄▄▄     ▄▄▄▄
    ▄███████▀▀   ▀▀██████                              ██████   ██████   ██████
   ▄██████▀        ██████                              ▀████▀   ▀████▀   ▀████▀
  ▐██████          ▀▀▀▀▀▀
  ██████
 ▐██████
 ██████      ███████████▌    ████████▄▄       ▄███▌     ▄██████████ ███████████▌
▐██████      ███████████    ▐███   ▀███▌     ▄████▌     ███▌           ▐███
██████▌          ██████▌    ███▌    ███▌    ███▀███     ███            ███▌
██████▌          ██████    ▐███▄▄▄▄███▀    ███  ███    ▐█████████      ███
███████         ███████    ████▀▀▀███▄    ███   ███▌   ███▀▀▀▀▀▀      ▐███
 ▀███████▄▄▄▄▄████████    ▐███     ███  ▄██████████▌  ▐███            ███▌
  ▀████████████████▀      ███▌    ▐███ ▄███     ▐███  ███▌           ▐███
     ▀▀███████▀▀▀         ▀▀▀     ▀▀▀▀ ▀▀▀       ▀▀▀  ▀▀▀            ▀▀▀▀

║▮
║▮
║▮

▮║
▮║
▮║



                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████
   ▐████




                      ▄▄████
                ▄▄▄████████▌
          ▄▄▄███████▀▄█████
     ▄▄█████████▀▀ ▄██████▌
▄▄███████████▀  ▄█████████
 ▀▀▀█████▀    ▄██████████▌
       ██   █████████████
        █▄ █████████████▌
        ▐█▄███▀▀████████
         ███▀    ▀▀████▌
                    ▀▀█


                   ▄▄▄    ▄▄██▄▄
                   ██▀▀██████████
                  ██     ████████
                 ▐█▀      ▀████▀
   ▄▄▄▄    ▄▄██████████▄▄    ▄▄▄▄
 ▄████████████████████████████████▄
▐██████████████████████████████████▌
▐██████████   ▀██████▀   ███████████
 █████████▌    ██████    ██████████
  ▀██████████████████████████████▀
   ▀████████▀▀████████▀▀████████▀
     ▀███████▄        ▄████████▀
       ▀████████████████████▀
          ▀▀▀▀█████████▀▀▀▀
shine1123
Sr. Member
****
Offline Offline

Activity: 406


View Profile
February 26, 2017, 04:25:57 AM
 #477

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?

Well, you are right about that. You need to wait until the confirmation to get your things, but i'm sure someday bitcoin can make it more faster about the transaction. Actually it's the biggest issue though for using bitcoin as the payment in real life.
South Park
Hero Member
*****
Offline Offline

Activity: 546


★Bitvest.io★ Play Plinko or Invest!


View Profile
February 26, 2017, 05:38:47 PM
 #478

Truly it will create a problem to use bitcoin in our daily lives. As per the current status, it takes around 30 minutes for a bitcoin transaction to get confirmed from the network. So it won't work on a fast paced environment. Prefer cash for that.

However, if you want to become rich in future, don't use bitcoin to purchase anything in your daily life. Instead save your bitcoins in a safe wallet for few years and try to accumulate more if possible. Then only you will come to know the actual power of bitcoin. It has a huge upside potential and can fetch you a much higher return than any conventional investment. SO invest in bitcoin instead of spending it.
This is true but at some point bitcoin needs to deliver what it promised to be, a currency, if it does not you can be sure the price will not skyrocket as much as people think, bitcoin needs to become a useful currency that is accepted, it does not need to be accepted everywhere or used everywhere but at least it needs to become a major competitor to paypal and other online payment systems.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
TribalBob
Sr. Member
****
Offline Offline

Activity: 434



View Profile
February 26, 2017, 06:23:31 PM
 #479

Truly it will create a problem to use bitcoin in our daily lives. As per the current status, it takes around 30 minutes for a bitcoin transaction to get confirmed from the network. So it won't work on a fast paced environment. Prefer cash for that.

However, if you want to become rich in future, don't use bitcoin to purchase anything in your daily life. Instead save your bitcoins in a safe wallet for few years and try to accumulate more if possible. Then only you will come to know the actual power of bitcoin. It has a huge upside potential and can fetch you a much higher return than any conventional investment. SO invest in bitcoin instead of spending it.
This is true but at some point bitcoin needs to deliver what it promised to be, a currency, if it does not you can be sure the price will not skyrocket as much as people think, bitcoin needs to become a useful currency that is accepted, it does not need to be accepted everywhere or used everywhere but at least it needs to become a major competitor to paypal and other online payment systems.

Bitcoin can surely take over Paypal and other payment systems in future once it has reached to the people and at a moment Paypal is more popular only because not many people are aware about bitcoins yet but once they start to use it they will surely switch to bitcoins.

    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
   ████████████████████████████████   
     ▀██████████████████████████▀     
        ▀████████████████████▀       
          ████████████████▀         
            █████████████           
            ▀████████████▀           
             ▀██████████▀             
              ██████████             
               ████████               
               ▀██████▀               
                ██████               
                 
.
trade.io.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
.Join the Trading Revolution.
richardsNY
Legendary
*
Offline Offline

Activity: 896


View Profile
February 26, 2017, 06:30:12 PM
 #480

Could maybe a pre-blockchain part be implemented? Like a system that accepts payments, transactions, in seconds and when then later on it syncs with the blockchain and confirmations? Like a storage of transactions where all are stored before sent out.

Yep, they are mostly referred to as off-chain transactions. Lightning Network is something that could bring Bitcoin to next level. It offers instant transactions at ultra low cost since they are done off the blockchain. It will allow Bitcoin more than ever to function as the ultimate micro transacting tool. Imagine how popular that will make Bitcoin in third world countries as they depend on micro transactions. Using Bitcoin as payment solution in physical stores won't be an issue anymore. Huge benefits.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!