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Author Topic: Daily use of bitcoin?  (Read 41957 times)
ekoice
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April 22, 2017, 05:27:45 AM
 #801

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
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April 22, 2017, 04:15:57 PM
 #802

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 is easy , you can try to put the big fee for faster confirmation..
i don't try it because in my opinion if big fee is faster like i withdraw in wallet Cheesy
Of course we have that option if we want our transactions to be process faster, fees are getting bigger now and in my local exchange I have to pay at least 0.0011 for the fastest processing of transaction and compared to other payment processor, it is still low since the bitcoin fee is regardless of the amount.

You can also use special accelerators to make the transaction faster. It does not need to put a high commission. I almost always use these sites when my transaction is not confirmed
Yes, using other sites for the purpose of acceleration of transaction works good as I have tried viabtc few times. But  usually my transaction don’t take that much time for confirmation so I am personally not facing such issue. Yeah It can be said that it happens rarely with me.

In future we will be having some enhancement with the bitcoin ecosystem to avoid long waiting for confirmation, this way bitcoin will be very much suitable for daily usage. Hope this will be happening in very near future itself.














 

 

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whizter
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April 22, 2017, 07:01:21 PM
 #803

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
yes no doubt that it is an important issue to be solve on priority basis, as it will create problems in future. i think most of the big companies are thinking about to adopt bitcoin as their payment system but i think if this problem will persist then  they may be also thinking about that issue to decide either to accept bitcoin for payment system or not.

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April 22, 2017, 07:42:47 PM
 #804

this confirmations time was always an issue with bitcoin. at first people do not matter it much because of the low network size and very low fees and even some of us like to experiment with the network like what is gonna happen if we do not give any fees and right now the problem has taken a bigger shape. nowadays if we transact any amount we have to pay like 2-3% in these transaction fees just to get the coins in time or else these can take many days to get confirmed


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April 22, 2017, 08:28:59 PM
 #805

this confirmations time was always an issue with bitcoin. at first people do not matter it much because of the low network size and very low fees and even some of us like to experiment with the network like what is gonna happen if we do not give any fees and right now the problem has taken a bigger shape. nowadays if we transact any amount we have to pay like 2-3% in these transaction fees just to get the coins in time or else these can take many days to get confirmed

And that in fact may well be only a beginning

If prices continue to rise, we will likely see even higher fees being demanded by greedy and insatiable miners to confirm payments. And that would be an absurd situation when people which should facilitate transactions and help Bitcoin expansion will actually work right against it. In reality, we are already there and witness how the flawed design which didn't get fixed in time came to maturity and perfection, so to speak

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April 22, 2017, 11:30:05 PM
 #806

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
yes no doubt that it is an important issue to be solve on priority basis, as it will create problems in future. i think most of the big companies are thinking about to adopt bitcoin as their payment system but i think if this problem will persist then  they may be also thinking about that issue to decide either to accept bitcoin for payment system or not.
in fact this problem is creating problems for the people, and specially if you are going for online shopping, you need to wait for a long time for the transaction conformation, which can really waste our time. therefore it is more important to solve this problem in preyority basis.
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April 22, 2017, 11:40:41 PM
 #807

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.

i hope that problem will quick resolve too because there is many companies that waiting their chance to gets involve in bitcoin industry and if this problem takes any longer, then the company will make their rule for bitcoin and i think its not a good idea for us to give the company lead the bitcoin.

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April 22, 2017, 11:43:14 PM
 #808

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 depends in the store, because if the store wants to accept bitcoin in an instant with no confirmation it's their choice just like other gambling site, So I think that is possible and that is very awesome if they will be like that, So for me it can be instant and no hassle as long as the store make their decision about it and make a system to make their transaction fast.

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April 22, 2017, 11:48:58 PM
 #809

I like to use bitcoins for gambling, it is easy, fast plus i dont have to go to the real casinos.
Me too, I guess bitcoin are getting popular because of gambling, I believe the gambling industry will grow because people find
bitcoin a good tool to gamble easily. I gamble regularly so I use bitcoin and I have a good experience to share with my gambling journey.
if in the real world you want to gamble you have to go to certain places such as casinos, and it requires a variety of requirements such as age and identity, in bitcoin you just need to open your laptop and gambling

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April 23, 2017, 02:01:00 AM
 #810

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 depends in the store, because if the store wants to accept bitcoin in an instant with no confirmation it's their choice just like other gambling site, So I think that is possible and that is very awesome if they will be like that, So for me it can be instant and no hassle as long as the store make their decision about it and make a system to make their transaction fast.

This idea can be very effective but also can be very detrimental, because if there is a flood in the mempool of all transactions can even pending for days, this is clearly not effective for the use of direct transactions. Currently the most ideal in the use of bitcoin is applied in investment and trading, because if pending will not be directly used and the system can wait until it can be used.
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April 23, 2017, 02:35:22 AM
 #811

Personally the only use that I have for Bitcoin would be to buy games on Steam as I'm not one that really feels comfortable with really using my credit card online, sometimes I do with very reliable companies but for games I like the ability to use my Cryptocurrency in which I make on here and through other freelancing means.

If I had stores around me, I would use Crypto in real life but the only reason I would see the need for that is if it would be cheaper instead of using Credit Cards and other means of paying for it. But without the way for means of saying money I really wouldn't use Crypto in real life.

It's not that I don't believe in Bitcoin it's that I wouldn't do it unless it makes sense for me.

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April 23, 2017, 03:03:47 AM
 #812

Personally the only use that I have for Bitcoin would be to buy games on Steam as I'm not one that really feels comfortable with really using my credit card online, sometimes I do with very reliable companies but for games I like the ability to use my Cryptocurrency in which I make on here and through other freelancing means.

If I had stores around me, I would use Crypto in real life but the only reason I would see the need for that is if it would be cheaper instead of using Credit Cards and other means of paying for it. But without the way for means of saying money I really wouldn't use Crypto in real life.

It's not that I don't believe in Bitcoin it's that I wouldn't do it unless it makes sense for me.
I feel exactly the same way as you. Using Bitcoin (That is considered real money) online is more assuring that you are spending only what you have online, as if you put your credit card details online the risk you are getting in is high as it is connected to the bank and anyone can spend it once they have all the details of your cards. With Bitcoin you are limiting yourself with what you have and you know it will only be use by you as the security it has is considered good for handling online transactions.

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April 23, 2017, 04:31:27 AM
 #813

I think at this time, daily use of BTC will be very difficult because transaction fees are much higher than before

It depends. In Japan people they can buy electronics from one of the biggest retailers Bic Camera using their coins directly (from their mobile wallet) without the need of any intermediary like as a bitcoin card. Untill this summer about 260,000 shops in the same country decided that will be bitcoin friendly. Therefore, if there is the will some other countries will follow the example of Japan.

Well, Japan has so many spending opportunities of bitcoins, unlike in my country where i can only buy online or more i can pay electricity, water bills with bitcoins.

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Vaskiy
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April 23, 2017, 04:37:57 AM
 #814

I think at this time, daily use of BTC will be very difficult because transaction fees are much higher than before

It depends. In Japan people they can buy electronics from one of the biggest retailers Bic Camera using their coins directly (from their mobile wallet) without the need of any intermediary like as a bitcoin card. Untill this summer about 260,000 shops in the same country decided that will be bitcoin friendly. Therefore, if there is the will some other countries will follow the example of Japan.

Well, Japan has so many spending opportunities of bitcoins, unlike in my country where i can only buy online or more i can pay electricity, water bills with bitcoins.
Japan in the recent days after a long time research about the goodness on regulation of bitcoin made the law come to effect. This in short has caused a drastic increase in bitcoin users as well an increased acceptance of bitcoin in local stores, that is more than a 20% merchants have started accepting bitcoin.

speem28
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April 23, 2017, 05:44:16 AM
 #815

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. We should look forward to the future of bitcoin as I know that it will always just gets better and better as more people starts accepting it.

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April 23, 2017, 12:16:42 PM
 #816

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?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments.
I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. 

Each and every problem have a solution and same goes with bitcoin transactions too and I am sure that core development team will work on it and will bring solution in quick time as if its not done in right time then many users will drop an idea of using bitcoins.
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April 23, 2017, 01:25:11 PM
 #817

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

revans
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April 23, 2017, 01:29:52 PM
 #818

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

Most of the people are using it for paying bills and buying altcoins on trading sites as the usage of bitcoins is limited at a moment as there are not many offline places where we can spend our bitcoins to buy anything and that makes people to save their bitcoins for the future.
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April 23, 2017, 01:38:14 PM
 #819

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

Most of the people are using it for paying bills and buying altcoins on trading sites as the usage of bitcoins is limited at a moment as there are not many offline places where we can spend our bitcoins to buy anything and that makes people to save their bitcoins for the future.
For me, I used bitcoin for online gambling, top up my load and pay some bills.. It gives me convenience because I can do it
all in my local exchange site. But I also consider saving some because of my belief that it is a good investment as well.

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Mr
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April 23, 2017, 02:38:44 PM
 #820

I think the daily use of bitcoin is on business like tradings and investments.You can pay some bills by using bitcoin and some stores accepted the bitcoin as payment.You can also use bitcoin by buying games in Games Sites like Steam.

Most of the people are using it for paying bills and buying altcoins on trading sites as the usage of bitcoins is limited at a moment as there are not many offline places where we can spend our bitcoins to buy anything and that makes people to save their bitcoins for the future.
For me, I used bitcoin for online gambling, top up my load and pay some bills.. It gives me convenience because I can do it
all in my local exchange site. But I also consider saving some because of my belief that it is a good investment as well.
I used to gambling with Bitcoin and I found that it is extremely terrible. Only waste our money and efforts. Therefore, right now, I use my Bitcoin for various purposes and trading is the best aspect. I have invested about 2 bitcoin in many kinds of altcoin and wait for its prices to increase. I will soon get 4 bitcoin. trust me haha

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