erickkyut
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June 22, 2017, 07:22:12 AM |
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Well YES. Why ? Because as today we cannot use bitcoin to buy thing in the market especially in our market. I can't use bitcoin to buy foods in our school canteen, I cannot use bitcoin to buy dress, shoes, cap, etc in the store in our town. Maybe I can use it online, but life does not only depend online. There are times I'm in a place where internet connection does not exist and without internet I can't earn, I can't have bitcoin. Maybe in some other country bitcoin as a regular currency is possible but in a place where I live "It's still really hard to use bitcoin as a regular currency".
I really agree with this. The same gies for our country. Bitcoin is not yet that popular here and there is no store in the market that accepts Bitcoin as payment. There is also no local online shop that sells products for bitcoin. Maybe in the near future where everyone knows about it.
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DoublerHunter
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June 22, 2017, 07:46:27 AM |
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Well YES. Why ? Because as today we cannot use bitcoin to buy thing in the market especially in our market. I can't use bitcoin to buy foods in our school canteen, I cannot use bitcoin to buy dress, shoes, cap, etc in the store in our town. Maybe I can use it online, but life does not only depend online. There are times I'm in a place where internet connection does not exist and without internet I can't earn, I can't have bitcoin. Maybe in some other country bitcoin as a regular currency is possible but in a place where I live "It's still really hard to use bitcoin as a regular currency".
I really agree with this. The same gies for our country. Bitcoin is not yet that popular here and there is no store in the market that accepts Bitcoin as payment. There is also no local online shop that sells products for bitcoin. Maybe in the near future where everyone knows about it. You should just wait for bitcoin to get recognize in your country because it is now taking most of the Asian countries because they already realized that bitcoin is a good investment and currency to accept or use. Now, they are just accepting it and implementing to their country and soon it will work the same with your country so just wait and just save bitcoin as much as you can.
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oegarod
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June 22, 2017, 07:48:29 AM |
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The acceptance of bitcoin among merchants have increased a lot on the whole compared to the past, but the same has not grown as equal to that we use our traditional fiat. So based on this it is hard to use bitcoin same as that we use regular currency.
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Windpower
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June 22, 2017, 07:57:53 AM |
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Oh yeah definitely. It is of course really hard to use Bitcoin as a regular currency like fiat. Bitcoin is so much younger than fiat and to be honest, I doubt we will ever be able to use Bitcoin as a regular currency. Fiat is just so much better at the moment for day to day transactions but Bitcoin will surely get better as time goes on.
The biggest problems we are facing now are the transaction fees and time. The problem of double spending really haunts Bitcoin and it will be really hard for us to speed up the transaction times. However, as Bitcoin grows older, a lot more people learn about it and start to use it, which makes a lot more people have ideas on how to improve it.
Maybe one day the transaction fees will be lower and the transaction times will be shorter.
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freebutcaged
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June 22, 2017, 11:18:04 AM |
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Why why why.
Why should we use Bitcoin in our daily lives?
Do you spend gold when you go to a supermarket?
Do you take the bank vault with you every time you go out shopping? because that's what Bitcoin is, every and each address is a representative
Of a bank vault/deposit box/offshore account.
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Symphony_fr
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June 22, 2017, 01:03:51 PM |
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For me, bitcoin is primarily seen as an investment, because in our country there is still no way to use payment by bitcoins.
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roadbits
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June 22, 2017, 01:40:34 PM |
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Oh yeah definitely. It is of course really hard to use Bitcoin as a regular currency like fiat. Bitcoin is so much younger than fiat and to be honest, I doubt we will ever be able to use Bitcoin as a regular currency. Fiat is just so much better at the moment for day to day transactions but Bitcoin will surely get better as time goes on.
The biggest problems we are facing now are the transaction fees and time. The problem of double spending really haunts Bitcoin and it will be really hard for us to speed up the transaction times. However, as Bitcoin grows older, a lot more people learn about it and start to use it, which makes a lot more people have ideas on how to improve it.
Maybe one day the transaction fees will be lower and the transaction times will be shorter.
Only the transaction fee and confirmation time are not a reason, and the bitcoin price is also a big reason why people are not accepting bitcoins in real life. Once the price stable then we can use bitcoins in real life. The merchants are ready to accept bitcoin because they can save money without paying any tax to govt. But the price is not stable, so they are not accepting.
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marseille
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June 22, 2017, 01:44:29 PM |
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In my country still there are not many places where I can use bitcoins as a regular currency and if I have to use it then firstly I need to sell them and convert it to my local currency as direct payment options are not available at a moment.
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Hotel_Prodeo
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June 22, 2017, 02:06:18 PM |
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This depends on the government policy, we all know that the financial transaction gets strict supervision from the state, many of which prohibit the use of bitcoin so it can not be used regularly.
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asdalani
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June 22, 2017, 02:13:54 PM |
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This depends on the government policy, we all know that the financial transaction gets strict supervision from the state, many of which prohibit the use of bitcoin so it can not be used regularly.
Yeah, there's that also the IRS does not really like the people within their Government to use a bunch of money that they can't keep track of. It's not really about the regular citizens using Bitcoin it's more so the companies that accept other payment methods other that the standard fiat.
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South Park
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June 22, 2017, 09:27:19 PM |
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Seeing the increase in transaction costs makes it harder to accept, perhaps for larger payouts using bitcoins, But for the needs of daily cutting or small needs better do not use bitcoin because it takes a long time and will dikeaakan transaction costs.
I think it is fair to have an increase in transaction cost because there are also price pumps that is happening in bitcoin's price. So to avoid getting high transaction fees, try to minimize your transaction into big bitcoin amount transaction. Also, try to follow the amount of fee to be used in every of your transactions unless you want to receive it a long time. I’m not so sure about that, the miners also get a block reward and with the increase in price their earnings have gotten up as well, also since they are providing the same service but with a lower quality since now we have to pay more to get confirmations at later time intervals then I will have to disagree with your assertion the miners deserve bigger transaction fees.
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Qunenin
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June 26, 2017, 04:10:16 PM |
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It bends your mind a bit because if the stores are taking BTC you have not really lost anything because their prices are BTC based. It gets confusing though, how and when are their prices figured? The value of "paycheck" versus "used $3000 car" never changed. It needs some work to get there and not have your head explode and that is for people that have been working with Bitcoin for years, let alone a new user.
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ilovefeetsmell
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June 26, 2017, 04:40:23 PM Last edit: June 27, 2017, 08:14:13 AM by ilovefeetsmell |
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I can talk about my country only. Central bank issued statement about bitcoin and said that bitcoin can't be used as money or financial asset. So, we have a few merchants who accept payments in Bitcoins, and a few bitcoin ATM but it's all. If central bank don't accept bitcoin as alternative, official currency, there is no way that we will be able to use bitcoin as a regular currency. Our central bank also have to follow EU regulations so it's even more complicate issue.
Our country has different speculation about it. We could use bitcoin all over the country. It is not massive to be illegal in some countries. Some banks following the rules depend on the government rules. We have different government in every country. So, bitcoin will be disallowed in their country. It is hard to use bitcoin as a medium of exchange. Banks here in my country was ok and allow to be used in every person. Me as a user, I can convert my bitcoin in some ATM banks to withdraw my money there.
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OROBTC
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June 26, 2017, 05:00:36 PM |
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...
We are visiting Italy as tourists. I have found it very hard to buy any BTC, my US debit card will not allow it. I have not heard nor seen any BTC logos or signs saying they accept it.
The BTC ATM that coinatmradar said was here in Turin apparently is NOT.
But then, many things are harder to do in Italy than in the US.
However, Turin (Torino in Italian) is a very interesting city. Big and lots to see and do. Just not with Bitcoin.
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Vaskiy
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June 26, 2017, 05:03:44 PM |
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This comes to effect only when the bitcoin usage increases among the common people. For this we need to travel long many years. Right now the majority of the users were techies as well people who are highly driven towards technology. Little by little the stores accepting bitcoin has getting increased in number, but the usage from people haven't seen much increase.
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deisik
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June 26, 2017, 05:05:15 PM Last edit: June 26, 2017, 05:24:52 PM by deisik |
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Seeing the increase in transaction costs makes it harder to accept, perhaps for larger payouts using bitcoins, But for the needs of daily cutting or small needs better do not use bitcoin because it takes a long time and will dikeaakan transaction costs.
I think it is fair to have an increase in transaction cost because there are also price pumps that is happening in bitcoin's price. So to avoid getting high transaction fees, try to minimize your transaction into big bitcoin amount transaction. Also, try to follow the amount of fee to be used in every of your transactions unless you want to receive it a long time Fees increase in Bitcoin terms If transaction fees grew only in fiat terms (say, dollars) along with Bitcoin price, that would be a non-issue mostly (well, not quite so, but people would certainly complain a lot less). It is just greed unleashed that makes miners leave no stone unturned in looking for ways to raise fees higher (e.g. via spam attacks). Another problem with fees is that the two groups of people, namely, traders and transactors, almost don't intersect or meet. Traders don't transact much, so they basically don't care for fees so much, while transactors (e.g. spenders) don't trade and thus can't use altcoins with cheap transactions as a value transfer vehicle
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TheGodFather
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June 26, 2017, 05:14:10 PM |
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This depends on the government policy, we all know that the financial transaction gets strict supervision from the state, many of which prohibit the use of bitcoin so it can not be used regularly.
exactly , we will be hard to use this if our country has not yet been legalize it, but in our country it is easy to use bitcoin here, we will only log on to our device and then we will choose on which we will spend out coins, whether it is for paying bills, paying credit cards , for paying tuition fees and many more, that hard thing about bitcoin is the country behind it.
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bitcoinisbest
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June 26, 2017, 05:15:54 PM |
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In our country there is hardly any website and shops which accepts btc. Not many are ready to try it out as of now because there is little uncertainty currently whether btc will be legalized or will it be ban. this will be known in few weeks time and then probably more things would clear.
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ulhaq
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June 26, 2017, 05:52:59 PM |
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How will this problem be solved? Will the lightning network allow for reasonable transaction fees with small purchases?
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btcjocan
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June 26, 2017, 09:19:29 PM |
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How will this problem be solved? Will the lightning network allow for reasonable transaction fees with small purchases?
I think that's a big problem to face on challenges Mate, and for now fast network can be advantage specially those who are in rush demands. Those small purchases is not so alarming, but my concerns is with the bigger ones which not all people on our current system which still not recognizing bitcoin for all sectors; they've just thought it's a myth and not liable currency structure. Well if we are able to help bitcoin economy to grow maybe we could just do personal ads on our personal social media accounts sharing bitcoim topics. With that simple ways we eventually help bitcoin community to reach the goals of making it as regular currency in the future.
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