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Author Topic: Daily use of bitcoin?  (Read 41819 times)
Cosbycoin
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April 03, 2017, 08:35:42 PM
 #541

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
i do not think that bitcoin transaction is slow because bitcoin transaction is no.1 fastest in the world and bitcoin transaction take few minutes and people feel too much easy with bitcoin transaction.


 
 
 
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April 03, 2017, 09:41:13 PM
 #542

Almost no one in a first world country needs to use bitcoin on a daily basis. They are just idealist purchases. Using bitcoin is slower and less inefficient with everyday in person payments than cash or credit. Uncensored transactions/ online transactions is where they shine.

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April 03, 2017, 09:46:17 PM
 #543

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
i do not think that bitcoin transaction is slow because bitcoin transaction is no.1 fastest in the world and bitcoin transaction take few minutes and people feel too much easy with bitcoin transaction.
I agree with you, Bitcoin transactions are quick when you put a sufficient fees in your transactions. I think daily use of bitcoin is awesome. bitcoin will be more power of this use. I am using bitcoin a lot of times in one week. It's good for this community and generally for bitcoin as a cryptocurrency.

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April 03, 2017, 09:58:51 PM
 #544

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?
We also have here a Starbucks which is also bitcoin accepted, but on my experienced I never encountered to wait for an hour it was a couple of minutes then the confirmation is done. Maybe that would be depend in the location of the internet connection.

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rickadone
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April 04, 2017, 03:15:29 PM
 #545

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?

Bitcoin may not make sense for short purchases. But I think it would be more suitable for long term shopping.
For example, we can make payments for a product that we receive as installment with bitcoin. In fact, we can use bitcoin in the payment of products like coffee. When we enter an appropriate fee value, our transactions are confirmed within 10 minutes.
With the bitcoin transaction getting slower I see the idea of using bitcoin on daily basis is kind of hard, because think of it going to buy coffee like you said and you send the shop keeper the bits and then what you sit like for 20 minutes 30 or 40, bitcoin is still not in that kind of state I think and it seems that the best option for us is just to earn bitcoin and then just exchanges it to fiat when the prices are high and buy stuff with it.

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YuginKadoya
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April 04, 2017, 03:39:07 PM
 #546

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?

Bitcoin may not make sense for short purchases. But I think it would be more suitable for long term shopping.
For example, we can make payments for a product that we receive as installment with bitcoin. In fact, we can use bitcoin in the payment of products like coffee. When we enter an appropriate fee value, our transactions are confirmed within 10 minutes.
With the bitcoin transaction getting slower I see the idea of using bitcoin on daily basis is kind of hard, because think of it going to buy coffee like you said and you send the shop keeper the bits and then what you sit like for 20 minutes 30 or 40, bitcoin is still not in that kind of state I think and it seems that the best option for us is just to earn bitcoin and then just exchanges it to fiat when the prices are high and buy stuff with it.

Well bitcoin really struggles in getting the position of a world wide currency that is not gonna happen in my opinion, we bitcoin enthusiast are the only one that are targeting that thing and still many people that don't know about bitcoin doesn't give a thing about it even thought many people are earning with it and changing their live through it we still needs to convert it to fiat money!


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dearbesz1219
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April 04, 2017, 06:22:50 PM
 #547

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?
My daily used of bitcoin was money transfer, I most often doing this thing to my relatives and sometimes for bills of payment and of course I en-cash it first to our currency before I can use it as payment in the remittance outlet and billings.

                                 
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April 04, 2017, 06:34:13 PM
 #548

I paid for airplane tickets with it, for an international trip. Also exchanged it to refill a pre-paid card to use at this trip, and in daily use. This happened in 2015 when BTC was ~$300. Since January 2016, I'm holding my BTC (a fair amount, IMO), hoping that it reaches $10.000 Grin

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dearbesz1219
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April 04, 2017, 06:35:30 PM
 #549

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
i do not think that bitcoin transaction is slow because bitcoin transaction is no.1 fastest in the world and bitcoin transaction take few minutes and people feel too much easy with bitcoin transaction.
Transaction would be depend in the location of the person. Due to if the data connection of the internet has a good signal transaction at once will be done in a minute only.

                                 
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Question123
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April 04, 2017, 10:22:33 PM
 #550

BitCoin is slow, always has been slow and not good for day to day transactions as a currency. It's a good store of value, but not good as a low fee, fast transaction currency. Paying higher fees on microtransactions isn't good either.
i do not think that bitcoin transaction is slow because bitcoin transaction is no.1 fastest in the world and bitcoin transaction take few minutes and people feel too much easy with bitcoin transaction.
The transaction of bitcoin is not slow or is not very fast. The transaction for me is exact only why? Because I experienced when I recieved bitcoin the transaction is fast but sometimes the transaction is slow like you need to wait 24 hours before to confirmed. It depends to the fee if you add some fees the transaction for sure will be fast and it depends also in prioritize.But bitcoin is good to transaction.

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bhadz
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April 05, 2017, 03:43:53 AM
 #551

I paid for airplane tickets with it, for an international trip. Also exchanged it to refill a pre-paid card to use at this trip, and in daily use. This happened in 2015 when BTC was ~$300. Since January 2016, I'm holding my BTC (a fair amount, IMO), hoping that it reaches $10.000 Grin

Wow for real? What website you used for buying your tickets for your journey? As of now, I'm using my bitcoins with popular service just like what others are saying here and that is with mobile prepaid. And for a monthly basis, I'm paying my monthly bills by using bitcoin which is very good in my feeling that helps me save a lot of time and money.

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mirakal
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April 05, 2017, 06:43:36 AM
 #552

I paid for airplane tickets with it, for an international trip. Also exchanged it to refill a pre-paid card to use at this trip, and in daily use. This happened in 2015 when BTC was ~$300. Since January 2016, I'm holding my BTC (a fair amount, IMO), hoping that it reaches $10.000 Grin

Wow for real? What website you used for buying your tickets for your journey? As of now, I'm using my bitcoins with popular service just like what others are saying here and that is with mobile prepaid. And for a monthly basis, I'm paying my monthly bills by using bitcoin which is very good in my feeling that helps me save a lot of time and money.
Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.
I think there will be more services to come in the near future, so let's keep pushing bitcoin to be more popular.

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Pearls Before Swine
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April 05, 2017, 06:58:16 AM
 #553

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. Other than this once after sending the receiver end gets the transacted amount under the unconfirmed transaction list. This itself helps the receiver a hope of receiving the payment.
And with a debit card you don't have to pay anything to move the transaction through.  In fact, it's always instantaneous.  And there's no need to buy another currency just to spend it.  This is why no one is ever going to use bitcoin at Starbucks.   On silk road yes, not not for your daily morning coffee.
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April 05, 2017, 07:14:32 AM
 #554

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?
This is not a big and complicated thing for us to wait until the confirmation done because in my opinion the bitcoin has also another options to get paid with confirmations .
Let take here the example of the zebpay , if you will pay the payment from zebpay to zebpay then you don't need to pay any charges and second thing you also don't need for the confirmation at all .
So here it is possible that in the future that any new service of the Blockchain​ or any of the shop of Starbucks launch from which we can pay like zebpay .


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Japinat
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April 05, 2017, 07:50:04 AM
 #555

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?
This is not a big and complicated thing for us to wait until the confirmation done because in my opinion the bitcoin has also another options to get paid with confirmations .
Let take here the example of the zebpay , if you will pay the payment from zebpay to zebpay then you don't need to pay any charges and second thing you also don't need for the confirmation at all .
So here it is possible that in the future that any new service of the Blockchain​ or any of the shop of Starbucks launch from which we can pay like zebpay .
Everything is possible to make bitcoin more effective in our daily life, third party businesses who are very supportive with bitcoin are looking at the possible weaknesses of bitcoin and they fill that by providing their service like what you cited in your example.

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April 05, 2017, 08:57:59 AM
 #556

For now, it's not so convenient TBH. Although some stores, corporations, and businesses are starting to accept it as a form of payment, the number is still pretty low and you can't completely rely on Bitcoin for your daily transactions.

About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

There is always more to learn about Bitcoin at www.btcwonder.com
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April 05, 2017, 09:06:18 AM
 #557

Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.
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April 05, 2017, 09:44:38 AM
 #558

About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

It's quite simple actually;

Go here > https://coffee.foldapp.com > click load Bitcoin > choose the amount you want to deposit (currently it supports amounts of $10 and $50) > then you'll get to see the exact amount in BTC that you need to pay, plus the address where you need to send the coins to.

As soon as your payment comes through, the barcode you'll see becomes your giftcard-like payment form that you can scan in Starbucks. Currently you're entitled to a 10% discount if you use Fold, so that is quite a decent deal.

After that you can cash out the remaining amount that you haven't used in BTC to one of your preferred addresses.

I must however note that it may not work everywhere as the Starbucks in your country must be able to accept USD based giftcards, but in most countries that is the case, but there may be some exceptions.

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April 05, 2017, 11:16:57 AM
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High in a few countries like Argentina and Venezuela but low everywhere else. I think that ship may have sailed.
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April 05, 2017, 11:23:07 AM
 #560

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?
This is not a big and complicated thing for us to wait until the confirmation done because in my opinion the bitcoin has also another options to get paid with confirmations .
Let take here the example of the zebpay , if you will pay the payment from zebpay to zebpay then you don't need to pay any charges and second thing you also don't need for the confirmation at all .
So here it is possible that in the future that any new service of the Blockchain​ or any of the shop of Starbucks launch from which we can pay like zebpay .

Certainly it is possible to transact freely in coming days, but the matter is whether the Physical Seller would accept it as a Payment. Even now, transacting or using Bitcoin is not that tough or an issue, I have some people who accepts BTC for their services, only if the payment is not urgent.

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