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Author Topic: Daily use of bitcoin?  (Read 41864 times)
deisik
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April 16, 2017, 10:23:31 AM
 #721

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 as long as you have sent the bitcoins through the merchant or shops wallet then you can get your order as fast as you pay for it.Bitcoin transaction are not irevisable,you cannot refund any of your transactions so no need for the shop to wait for confirmations on block if you have sent the bitcoins
I agree with you. That is why bitcoin is perfect for business because bitcoin cannot do chargeback like the paypal which can scam people who uses it. As soon as you do transaction with a store and they see the bitcoin in blockchain then you can tell to them that you already do a full payment because it will just take at least 30 minutes to get fully confirmation in the blockchain

As the saying goes, it works until it doesn't

In this case, until someone makes a successful attempt at double-spend. And you can rest assured someone will certainly try that eventually (and he may even succeed at that). As another wisdom says, to think bad of people is a sin but rarely a mistake. A few Bitcoin casinos have already burned their fingers with 0-confirmation policy, and now they require at least one confirmation till they credit the coins to the account of the player. So don't be surprised if you get brushed off when you try to "tell them that you already made a full payment"

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April 16, 2017, 01:25:59 PM
 #722

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?

Patience is a virtue my friend , we should be gratefull sometimes that we are earning bitcoins for free or we can earn it with our freetime without any difficulty. We should learn to be patient buddy.
very difficult to get bitcoin. should we be grateful when getting a chance to get a free bitcoin. and with it we can use bitcoin to meet day-to-day life.
As quoted bitcoin has got various positive testimonials, but it hasn't gained support same as our traditional currency use on daily needs. These days the earning too is quite difficult. I have seen a friend of mine getting gift in terms of bitcoin for the work that he has done to him.

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April 16, 2017, 01:42:03 PM
 #723

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?

Patience is a virtue my friend , we should be gratefull sometimes that we are earning bitcoins for free or we can earn it with our freetime without any difficulty. We should learn to be patient buddy.

Even if you have patience, bitcoin's transaction confirmation still take time to be confirmed. As for the scenario "...get a coffee from Starbucks...", using bitcoin is impractical and it is indeed difficult to use bitcoin in a daily basis. Well if you have all the time in the world then your patience will come in handy. But let's be practical here, who would wait for an hour just to pay for a coffee which I think before you can pay for it, you already finished drinking it minutes ago (30 minutes or so). Fiat is still practical for this type of transaction.

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wahb
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April 16, 2017, 03:40:09 PM
 #724

I can order food from home with bitcoin. I can order pizzas, coffee, hamburgers, etc from home.
It may not be practical to pay with bitcoin directly in Starbucks. Or it may not be practical to pay for fast food products with bitcoin.
But we can order these products online.
in my area we do not have the facilities to use bitcoin for shopping or trading. in fact the users of bitcoin are not as more therefore the shopkeepers are not accepting bitcoin for shopping. but still i am hopeful that a time will come when we will also be able to use bitcoin for shopping in our local area.
phaddie
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April 16, 2017, 03:42:04 PM
 #725

I can order food from home with bitcoin. I can order pizzas, coffee, hamburgers, etc from home.
It may not be practical to pay with bitcoin directly in Starbucks. Or it may not be practical to pay for fast food products with bitcoin.
But we can order these products online.
in my area we do not have the facilities to use bitcoin for shopping or trading. in fact the users of bitcoin are not as more therefore the shopkeepers are not accepting bitcoin for shopping. but still i am hopeful that a time will come when we will also be able to use bitcoin for shopping in our local area.

There are still many places in the world where bitcoin has not reached till date and it will take really long time for the people to discover bitcoins but now the popularity of bitcoin is increasing slowly so may be in future we will find many places to spend our bitcoins.
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April 16, 2017, 04:43:12 PM
 #726

It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all.

If you are not able to shop with bitcoin in your country, you can do something.
You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin.

How can you actually do that?
You move to your friends country to do bitcoin shopping?

How can you offer people to make payments in bitcoin when you're not selling anything?
Really , what is with those suggestions?



I think he meant that if one of our friends works in a shop that sells products that you offer to pay them in bitcoin instead of using fiat, but unless they are the owners of the shop then they are probably not going to accept bitcoin at all in the shop.

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April 17, 2017, 10:01:51 AM
 #727

It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all.

If you are not able to shop with bitcoin in your country, you can do something.
You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin.

How can you actually do that?
You move to your friends country to do bitcoin shopping?

How can you offer people to make payments in bitcoin when you're not selling anything?
Really , what is with those suggestions?



I think he meant that if one of our friends works in a shop that sells products that you offer to pay them in bitcoin instead of using fiat, but unless they are the owners of the shop then they are probably not going to accept bitcoin at all in the shop.


Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.

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April 17, 2017, 10:13:57 AM
 #728

It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all.

If you are not able to shop with bitcoin in your country, you can do something.
You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin.

How can you actually do that?
You move to your friends country to do bitcoin shopping?

How can you offer people to make payments in bitcoin when you're not selling anything?
Really , what is with those suggestions?



I think he meant that if one of our friends works in a shop that sells products that you offer to pay them in bitcoin instead of using fiat, but unless they are the owners of the shop then they are probably not going to accept bitcoin at all in the shop.


Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.

Conversely, advertising in stores that can be paid using bitcoins will attract more users and introduce them to this currency.
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April 17, 2017, 10:15:08 AM
 #729

It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all.

If you are not able to shop with bitcoin in your country, you can do something.
You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin.

How can you actually do that?
You move to your friends country to do bitcoin shopping?

How can you offer people to make payments in bitcoin when you're not selling anything?
Really , what is with those suggestions?



I think he meant that if one of our friends works in a shop that sells products that you offer to pay them in bitcoin instead of using fiat, but unless they are the owners of the shop then they are probably not going to accept bitcoin at all in the shop.


Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.
Merchants will accept bitcoin if it's profitable for them, they don't care about people awareness or whatever, it's simple and all is about profit, it's fact

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April 17, 2017, 10:17:24 AM
 #730

It would be very convenient to have the opportunity every day in any place to be counted by the bitcoins. In our country there is no such opportunity, only through the Internet it is possible to make purchases.
The same happens in my country there are no stores that accept payments in bitcoin and even in stores where you could expect to find more modern and informed people like in stores that sell hardware for computers we are unable to pay with bitcoin and people have not even heard about bitcoin at all.

If you are not able to shop with bitcoin in your country, you can do something.
You can shop with your bitcoin at your friends workplace. You can offer people to make payments with bitcoin.

How can you actually do that?
You move to your friends country to do bitcoin shopping?

How can you offer people to make payments in bitcoin when you're not selling anything?
Really , what is with those suggestions?



I think he meant that if one of our friends works in a shop that sells products that you offer to pay them in bitcoin instead of using fiat, but unless they are the owners of the shop then they are probably not going to accept bitcoin at all in the shop.


Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.
Merchants will accept bitcoin if it's profitable for them, they don't care about people awareness or whatever, it's simple and all is about profit, it's fact

So if no one is using bitcoins as a mode of payment then how they will make profits out of it? If they want to make profits then they also should get enough traffic and if people are not aware about bitcoins then you cannot expect that they will shop using bitcoins.

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April 17, 2017, 10:26:28 AM
 #731

Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.
Merchants will accept bitcoin if it's profitable for them, they don't care about people awareness or whatever, it's simple and all is about profit, it's fact

I think the seller is not only thinking about profit dude, they also think how to maintain a good service so that customers come again. So a shop must know how bitcoin conditions in their area. When it is in the area surrounding many use bitcoin, and bitcoin as a payment they receive. So it is one of the services that benefit the customers I guess. Thank you
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April 17, 2017, 10:54:59 AM
 #732

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

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fancy_pants
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April 17, 2017, 11:24:27 AM
 #733

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.

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susila_bai
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April 17, 2017, 11:28:16 AM
 #734

Daily use of bitcoins is limited only to online world at a moment as I am using it daily on trading and gambling sites to make profits and I don't find any offline place to spend them so I am saving rest of coins for future and spending fiat for buying things.

Its good not to spend them for shopping as that we can easily to with fiat and cards and instead try to save your bitcoins for future as the price will go much higher in coming years and I think that would be the best time to use them to gain higher profits.

What you are telling is good for those who are earning day job and what ever they are earning in bitcoin that they can save it for future profit. But who are earning only through bitcoin they dont have spare to save it ya but they can try to save at least 10% of their earning so that in future they can get more if any emergency of expense occurs.














 

 

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doomloop
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April 17, 2017, 11:29:49 AM
 #735

I can order food from home with bitcoin. I can order pizzas, coffee, hamburgers, etc from home.
It may not be practical to pay with bitcoin directly in Starbucks. Or it may not be practical to pay for fast food products with bitcoin.
But we can order these products online.
in my area we do not have the facilities to use bitcoin for shopping or trading. in fact the users of bitcoin are not as more therefore the shopkeepers are not accepting bitcoin for shopping. but still i am hopeful that a time will come when we will also be able to use bitcoin for shopping in our local area.
yeah there is many areas where is bitcoin is not acceptable for shopping but i hope in the future bitcoin will acceptable in anywhere.

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cybersofts
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April 17, 2017, 11:41:29 AM
 #736

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?

The process take few minutes because your bitcoin wallet has to convert btc to fiat currency and then convert fiat currency to USD. That's absolutely normal, that's why Starbucks starts accepting bitcoins right now because they fully understands how bitcoin transaction works.

Thank you.


     
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April 17, 2017, 11:44:03 AM
 #737

Personally daily use of bitcoin for trading and online store, do not much spend bitcoin for other thing. sometimes i also gambling in this case just for fun

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April 17, 2017, 12:30:50 PM
 #738

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.

How fast is the fastest confirmation of payments? And how much to pay for quick approval?
Well confirmation takes time and this time is increasing day by day. But if we can see the hash almost instant once we make the payment by blockchain. We can show the Hash and get the transactions completed fast and confirmation will keep on happening at the backend.

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April 17, 2017, 12:45:15 PM
 #739

Merchants will start accepting bitcoins as a mode of payment only if the people around them are aware about bitcoins and are willing to pay in bitcoins and if none is aware about bitcoin then there is no point in accepting bitcoins as a payment method.
Merchants will accept bitcoin if it's profitable for them, they don't care about people awareness or whatever, it's simple and all is about profit, it's fact

I think the seller is not only thinking about profit dude, they also think how to maintain a good service so that customers come again. So a shop must know how bitcoin conditions in their area. When it is in the area surrounding many use bitcoin, and bitcoin as a payment they receive. So it is one of the services that benefit the customers I guess. Thank you

Well, this seems to be the most tricky part

How would sellers know whether people living nearby are involved with Bitcoin? Unless they tell the sellers themselves, right? But why would anyone make a clean breast of it and admit using Bitcoin? You may think that no one around you even heard about Bitcoin while, in fact, the whole neighborhood may be infested with Bitcoin millionaires. In this way, until and unless merchants declare it themselves they are ready for Bitcoin ("Bitcoin accepted here"), scarcely anyone is going to ask about payments in Bitcoin, especially in small towns, where everyone knows everything about everyone else

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April 17, 2017, 12:51:04 PM
 #740

Personally daily use of bitcoin for trading and online store, do not much spend bitcoin for other thing. sometimes i also gambling in this case just for fun

That is the most common place where people are using their bitcoins and most of them are using it in trading and gambling sites as they don't have a choice to use them in real life as there are not many shops at a moment that accepts bitcoins.

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