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cryp24x
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April 19, 2017, 12:35:23 PM |
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Do we really want a massive upsurge in small transactions clogging up the system, and pushing up transaction fees?
The massive upsurge in small transactions is not the concern here, nor that is the only transaction we can make from smartphones. What we are talking about is smartphone as tools in bitcoin growth which is as what OP stated Vital to Bitcoin growth because it enable every one who have this gadget to access Bitcoin Network, send and receive Bitcoins and even promote Bitcoin to other users using mobile social media apps. |
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Wesimon
Sr. Member
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Activity: 406
Merit: 250
https://gexcrypto.io
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April 19, 2017, 04:41:22 PM |
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Do we really want a massive upsurge in small transactions clogging up the system, and pushing up transaction fees?
The massive upsurge in small transactions is not the concern here, nor that is the only transaction we can make from smartphones. What we are talking about is smartphone as tools in bitcoin growth which is as what OP stated Vital to Bitcoin growth because it enable every one who have this gadget to access Bitcoin Network, send and receive Bitcoins and even promote Bitcoin to other users using mobile social media apps. However, we cannot neglect the fact that the "massive upsurge in small transaction" is an effect of Bitcoin and smartphone tandem. Since Almost all people included in the middle class owns a smartphone and some for the lower class, they might use bitcoin as a form of payment in a daily basis (I am not pointing out whether they can afford the use of bitcoin let us just assume that most of them uses bitcoin). And if this happens then bottleneck will occur and since they are included in the middle and/or lower class, they probably use small transactions. |
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bajing
Legendary
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Activity: 1176
Merit: 1001
The most Professional Cryptocurrency Casino
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April 19, 2017, 05:56:40 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones as you said, are becoming more like a one of the common goods, most of people have bought it because they are not so expensive nowadays. But people may use also just regular wallets like blockchain.info or other web wallets, you can login on them through browser at mobile. Not really! many people keep their bitcoin in their smart phones, me the one of them because you will feel safe and can check it every time you want to see and have other benefit like you can see avarange price so you when must sell bitcoin atto exchanger. |
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Kyraishi
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April 19, 2017, 05:58:41 PM |
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I think that smartphones actually have no big influence about bitcoin price and growth of the volume, it is true that qr code is something very useful for us, as a bitcoin users however it is not a necessary thing.
Someone may invent something better instead of smartphone, to have an access to your bitcoin all the time, but with reasonable security and also good mobility.
Storing bitcoin only by your mobile phone is something really stupid, because the thief only needs to steal your smartphone, if you are not well-protected.
Safety measures are always needed, try to make your mobile wallet as secure as possible, because it is endangered the most!
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iv4n
Legendary
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Activity: 3192
Merit: 1175
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April 19, 2017, 06:20:02 PM |
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Smartphones are not vital for bitcoin growth, phones can just be a tool for easier access to some services, wallets but growth of bitcoin depends from developers and miners. Just smartphones are making everything on internet available for us even when we are not at home, little computers in our pockets and that is it, there is nothing vital for bitcoin here, I bet that some people that use bitcoin even don't have smartphone.
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Potato Chips
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April 19, 2017, 06:36:42 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones as you said, are becoming more like a one of the common goods, most of people have bought it because they are not so expensive nowadays. But people may use also just regular wallets like blockchain.info or other web wallets, you can login on them through browser at mobile. Not really! many people keep their bitcoin in their smart phones, me the one of them because you will feel safe and can check it every time you want to see and have other benefit like you can see avarange price so you when must sell bitcoin atto exchanger. smartphones is one of the mediums we used but since there are many mediums this topic is very subjective. i use smartphones to store bitcoins but its not my main wallet because i don't feel that "safe" thing on it. i'm the type that switch phones not because my current phone is old or theres a new one released that i like but because i lost it. yah for convenience it is great but desktops are more secured. |
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MeridianMDN
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April 19, 2017, 07:02:04 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones are a big enabler for bitcoin and the fintech industry in general. Applications like Apple pay are doing a lot to re-train consumers. In general, these apps are allowing people to become more comfortable with the idea of storing value on their mobile phones. So I agree with you. It's obvious where the world is heading in terms of digitisation, disintermediaton and globalisation - all of these processes were initially enabled by the internet and the fact that the internet is now mobile, via smartphones, I imagine that these trends are due to expand in a major way |
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macartem
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April 19, 2017, 07:03:47 PM |
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Apple Pay is centralised and doesn't provide even pseudo anonymity.  |
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bettercrypto
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April 19, 2017, 07:19:29 PM |
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However, we cannot neglect the fact that the "massive upsurge in small transaction" is an effect of Bitcoin and smartphone tandem. Since Almost all people included in the middle class owns a smartphone and some for the lower class, they might use bitcoin as a form of payment in a daily basis (I am not pointing out whether they can afford the use of bitcoin let us just assume that most of them uses bitcoin). And if this happens then bottleneck will occur and since they are included in the middle and/or lower class, they probably use small transactions.
This simply means that smartphones are really vital to bitcoin growth. It is the developers part to fix what ever upsurges in the transaction that causes unconfirmed transaction. So what are you gonna suggest? Stop people from using smartphone to do bitcoin transfer? That is absurd. Instead, why not develop an app that will maximize the effect of smartphoes in bitcoin adoption / growth. They are just use as gadget, whether the transaction is made in pc or smartphone, they will create a massive upsurge if Bitcoin do not scale. Instead pointing fingers on the micro transaction, why not push developer to do their job to fix Bitcoin scalability. |
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Stedsm
Legendary
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Activity: 3052
Merit: 1273
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April 19, 2017, 07:40:06 PM |
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Into the incredible world of innovation, smartphones are actually playing a major role of turning hard-cash payments into making payments in-a-go with one swipe, and Bitcoin gives everyone an opportunity to just scan a QR code and they are done. You are right that this has given some really high privilege to the usage of Bitcoins by end users and made it very easy for even an average user to transact without any hassle.
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Creepings
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April 19, 2017, 10:31:56 PM |
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Smartphones are not vital for bitcoin growth, phones can just be a tool for easier access to some services, wallets but growth of bitcoin depends from developers and miners. Just smartphones are making everything on internet available for us even when we are not at home, little computers in our pockets and that is it, there is nothing vital for bitcoin here, I bet that some people that use bitcoin even don't have smartphone.
Smartphones are vital for bitcoin's growth, as you say, these smartphone can be kist tool ir easier access to some services, but, with that tool, aren't they being attracted using such services? Their services making their work or paying bills really easy, especially when they are busy people who don't have that time to pay up. The fact that smartphones have that kind of tools, the tendecy is that the people will eventually try it and if it goes well or them, they will be introducing it to their family or friends, saying that, the use of bitcoin is growing without us noticing. |
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Zicadis
Legendary
Offline
Activity: 1386
Merit: 1027
Dump it!!!
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April 19, 2017, 11:00:53 PM |
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We cant ignore tablets and smartphones industry that keeps growing all years, some people has a phone to work and other to personal things. Nowadays there are mobile wallets, several things you can do at them to earn money, and i believe you are able to manage some projects from it, building the projects only at the computer as i know, but well phones will replace a lot issues when you wanna to pay your bills, this is the future.
we certainly can not do without them as technology gets more advanced cryptocurrencies need to follow suit and enforce better security features to avoid compromise from these smartphones that get smarter every year. It also helps new users to get on board with the new age of money as the understand the technologies around us |
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CyberKuro
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April 19, 2017, 11:56:24 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Bitcoin wallet on smartphone make users to do some transactions easier without need to access wallet from a personal computer. There are some bitcoin wallets for smartphone and I use one too for daily transaction and these platform contribute for bitcoin expansion. But, spending bitcoin from smartphone cannot compare to others platform such as Apple Pay which doesn't need to pay fee transaction and wait for some time to be confirmed, it has different path for now as long as we have block size issue. |
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jovs
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April 20, 2017, 01:22:41 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Agreed, that is definitely the future. But the point of slow transaction is also valid, bitcoin has to come up with something better to cope with it so it can be more popularized in the general people and business world. I this this could be the only or the biggest hurdle standing in bitcoin's way for now. I also agree that smart phone is a huge help on making bitcoin develop. Why? because as the smart phones develop it means that more wallet and more transaction can be make through bitcoin as it developing also. So t may help people on giving the brighter way to used bitcoin on a daily basis using phone as it make easier and upgraded phone on a future. So as the phone and bitcoin develop it also sure that the internet and security will also develop on a great opportunity of bitcoin to grow. |
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carlfebz2
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April 20, 2017, 01:27:24 PM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Agreed, that is definitely the future. But the point of slow transaction is also valid, bitcoin has to come up with something better to cope with it so it can be more popularized in the general people and business world. I this this could be the only or the biggest hurdle standing in bitcoin's way for now. I also agree that smart phone is a huge help on making bitcoin develop. Why? because as the smart phones develop it means that more wallet and more transaction can be make through bitcoin as it developing also. So t may help people on giving the brighter way to used bitcoin on a daily basis using phone as it make easier and upgraded phone on a future. So as the phone and bitcoin develop it also sure that the internet and security will also develop on a great opportunity of bitcoin to grow. Having smartphone with an internet connection could really contribute on bitcoin adoption or growth on longer runs but still depends on a person if he would decide to learn bitcoin or not because not matter how many cellphone we do have but we don't have knowledge about bitcoin then I think it would be useless at all. Smartphones could really be a good tool but it does still need some push or awareness of bitcoin in able to maximize it. |
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staff_1307
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April 20, 2017, 02:21:25 PM |
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Yes, of course, this idea is magnificent, but I think it's too early for that. Because Bitcoin needs more time to grow.
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agatha818
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April 22, 2017, 11:20:25 PM |
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yes sir, smartphones is essential to bitcoin, i always have my smartphone with me and have some bitcoin app and i can access on my bitcoin wallet whenever and wherever, as long as i have good internet.
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Wesimon
Sr. Member
Offline
Activity: 406
Merit: 250
https://gexcrypto.io
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April 23, 2017, 02:14:44 AM |
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However, we cannot neglect the fact that the "massive upsurge in small transaction" is an effect of Bitcoin and smartphone tandem. Since Almost all people included in the middle class owns a smartphone and some for the lower class, they might use bitcoin as a form of payment in a daily basis (I am not pointing out whether they can afford the use of bitcoin let us just assume that most of them uses bitcoin). And if this happens then bottleneck will occur and since they are included in the middle and/or lower class, they probably use small transactions.
This simply means that smartphones are really vital to bitcoin growth. It is the developers part to fix what ever upsurges in the transaction that causes unconfirmed transaction. So what are you gonna suggest? Stop people from using smartphone to do bitcoin transfer? That is absurd. Instead, why not develop an app that will maximize the effect of smartphoes in bitcoin adoption / growth. They are just use as gadget, whether the transaction is made in pc or smartphone, they will create a massive upsurge if Bitcoin do not scale. Instead pointing fingers on the micro transaction, why not push developer to do their job to fix Bitcoin scalability. In the first place, I am not claiming to stop using smartphone to do bitcoin transactions nor saying that smartphone is not vital for the growth of bitcoin. As a matter of fact, I am using smartphone to hold my bitcoin and for bitcoin transfers. I am only stating the effects of using smartphone and not stating it as a negative way. I am just adding enlightenment. Just be an open-minded person for a change and accept justifiable fact. |
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erickkyut
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April 23, 2017, 02:53:09 AM |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Wow! It is a good news and an indicator that Bitcoin is now being recognize by the Big Corporations worldwide. It seems that Bitcoin really has a high possibility to be the future currency. Because of the Apple Pay, for sure Bitcoin will become more popular and well known in the whole world. |
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CraigWrightBTC
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April 23, 2017, 03:00:34 AM |
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Apple Pay is centralised and doesn't provide even pseudo anonymity. Yes you are right and the smartphone devices that has chance to make bitcoin growth is android smartphone because on operating system of android all of people can build their application, so the comunity of bitcoin can make wallet of bitcoin, service of bitcoin on smartphone android and it will makes bitcoin become more better on Android than Apple pay on iPhone Apple. |
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