We can't buy something with Bitcoin quickly

[Makka]

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

Your exemple is right, my friend! 

Bitcoin right now is not actually a practical instrument to buy some daily small stuff like a cup of coffee. It is not worth it. For those kinds of transactions you better use your fiat currency. With fiat, you don't even have to ask for the chit. You just have to leave a bill right under your saucer and leave without a word. With bitcoin, it takes more confirmation time and high fee.

[carriebee]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

[davids]

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

I'm sure the merchants have synced and actively connected wallets to the blockchain, it's unlikely they will receive a payment via bitcoin if the wallet is not synchronized. It's hard to buy something right now quickly because very slow transaction. But usually the item will be processed when bitcoin is sent and wait for confirmation on the merchant's wallet

[poplolnman]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

if a merchant collaborate with certain wallet to make a deal to secure an unconfirmed transaction it might could solve the long time transaction confirmation. just like what fortunejack done , the partnership between them allows players to play immediately , more info you can visit the site and you would know.

[slaman29]

if a merchant collaborate with certain wallet to make a deal to secure an unconfirmed transaction it might could solve the long time transaction confirmation. just like what fortunejack done , the partnership between them allows players to play immediately , more info you can visit the site and you would know.

Exactly. There are so many bitcoin sites, gambling ones especially have a high majority like these, that are very happy to let you deposit and see a balance instantly. Or, even some will show an incoming balance so you can start playing or using the funds immediately. It is only when items are exchanged for it, or you want to withdraw it that confirmations must happen.

[Hhampuz]

As others have stated it depends on the merchants. I think it also depends on what it is you buy. If you purhcase a coffee for $3 I'm not sure who would go through the effort of double-spending that and then never go to that coffee shop again? Not a lot of people I'd say.

As for the OP stating we can't buy "something" quickly I can make purchases online just as fast as when I use a CC more or less. Thanks to bitpay. I don't have to sit around and wait for the confirmation to show as long as I know that it will confirm eventually.

[magneto]

As others have stated it depends on the merchants. I think it also depends on what it is you buy. If you purhcase a coffee for $3 I'm not sure who would go through the effort of double-spending that and then never go to that coffee shop again? Not a lot of people I'd say.

As for the OP stating we can't buy "something" quickly I can make purchases online just as fast as when I use a CC more or less. Thanks to bitpay. I don't have to sit around and wait for the confirmation to show as long as I know that it will confirm eventually.

I'd even argue that accepting CCs as a merchant in real life is more risky than accepting bitcoin purchases with 0 confirmation, no matter what the amount is.

Look on the news, you'll see a ton of people using stolen credit card details to book a room at a hotel, buy expensive jewelry, electronics, gift cards, and whatnot. Now search up how many people are willing to do the same with bitcoin doublespends? I haven't come across a single case in the 4 years i've spent with btc. Fact is that in real life, you don't have enough time to doublespend, and it's not worth it, because everything is caught on CCTV. Even casinos accept 0 conf deposits, like Bitsler and i think bitcoinvideocasino(or used to), and never had major issues with doublespends even though the guy is behind a screen.

The main concern here is fees, not doublespends. If you're buying a coffee for $3 and the fee is $3 alone, you're probably not going to buy it in bitcoin. But if you order something overseas, online, say a macbook, doing so with bitcoin is much cheaper than pp or cc.

[Hhampuz]

As others have stated it depends on the merchants. I think it also depends on what it is you buy. If you purhcase a coffee for $3 I'm not sure who would go through the effort of double-spending that and then never go to that coffee shop again? Not a lot of people I'd say.

As for the OP stating we can't buy "something" quickly I can make purchases online just as fast as when I use a CC more or less. Thanks to bitpay. I don't have to sit around and wait for the confirmation to show as long as I know that it will confirm eventually.

I'd even argue that accepting CCs as a merchant in real life is more risky than accepting bitcoin purchases with 0 confirmation, no matter what the amount is.

Look on the news, you'll see a ton of people using stolen credit card details to book a room at a hotel, buy expensive jewelry, electronics, gift cards, and whatnot. Now search up how many people are willing to do the same with bitcoin doublespends? I haven't come across a single case in the 4 years i've spent with btc. Fact is that in real life, you don't have enough time to doublespend, and it's not worth it, because everything is caught on CCTV. Even casinos accept 0 conf deposits, like Bitsler and i think bitcoinvideocasino(or used to), and never had major issues with doublespends even though the guy is behind a screen.

The main concern here is fees, not doublespends. If you're buying a coffee for $3 and the fee is $3 alone, you're probably not going to buy it in bitcoin. But if you order something overseas, online, say a macbook, doing so with bitcoin is much cheaper than pp or cc.

Exactly! CC's have always had fraudulent people using it. Regardless we do keep using them even though reports are increasing of how unsafe they actually are. Especially with identity thefts etc. Nobody could ever steal your identity and gain access to your BTC.

As for merchants lowering or removing the risks if they were to migrate over to BTC is another thing. AFAIK merchants have to pay fee's to accept payments through CC's and I can see a lot of them would prefer to get rid of that. Especially smaller shops with cheap items.

[Xester]

As others have stated it depends on the merchants. I think it also depends on what it is you buy. If you purhcase a coffee for $3 I'm not sure who would go through the effort of double-spending that and then never go to that coffee shop again? Not a lot of people I'd say.

As for the OP stating we can't buy "something" quickly I can make purchases online just as fast as when I use a CC more or less. Thanks to bitpay. I don't have to sit around and wait for the confirmation to show as long as I know that it will confirm eventually.

I agree with you.  As a matter of fact I can always buy or topup my phone using bitcoin.  And it is fast really.  I can pay my bills just like buying loads for my phone also it is fast.  Does not really happen that it takes time.  Even it takes time I do not get bored because I am doing something with my bitcoin while I am waiting.  Just the same thing when you will buy coffee and falls in line, right?

[Hhampuz]

As others have stated it depends on the merchants. I think it also depends on what it is you buy. If you purhcase a coffee for $3 I'm not sure who would go through the effort of double-spending that and then never go to that coffee shop again? Not a lot of people I'd say.

As for the OP stating we can't buy "something" quickly I can make purchases online just as fast as when I use a CC more or less. Thanks to bitpay. I don't have to sit around and wait for the confirmation to show as long as I know that it will confirm eventually.

I agree with you.  As a matter of fact I can always buy or topup my phone using bitcoin.  And it is fast really.  I can pay my bills just like buying loads for my phone also it is fast.  Does not really happen that it takes time.  Even it takes time I do not get bored because I am doing something with my bitcoin while I am waiting.  Just the same thing when you will buy coffee and falls in line, right?

Exactly, paying for the coffee while you are waiting in line is another option to speed up the transactions. Just show them your screen that the transaction confirmed or was sent when you get up to the cashier and you hould be all good. That was something I had not really thought about so thanks for pointing that out.

As for your other point, exactly. You can do whatever in the meanwhile just as you could with CC's. But at least you can track your payment and all of that rather than just seeing that money was taken from your bank account and there is no way for you to follow it or check what's going on with it..

[boyptc]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

Do you really think that it's a problem that you can't buy something with bitcoin? I don't problem with bitcoins today, as I'm very satisfied on how I'm using bitcoin. I know that there's a few place that we can use bitcoin directly and here in my country I'm very good by using bitcoin for paying bills and I'm good at it.

[DoublerHunter]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

Do you really think that it's a problem that you can't buy something with bitcoin? I don't problem with bitcoins today, as I'm very satisfied on how I'm using bitcoin. I know that there's a few place that we can use bitcoin directly and here in my country I'm very good by using bitcoin for paying bills and I'm good at it.

I think using bitcoin to buy regular things that we are buying with our fiat is a good idea because the fees of bitcoin will become a problem for the people who want to use their bitcoin and it is not worth it to buy something like 5 USD on its price and you are gonna to pay at least 2 USD fee for your transaction then that is almost a half of your paid amount that it is a very bad idea to just spend bitcoin anywhere because the fees is not that affordable and wise to pay for such small transactions.

[RodeoX]

Bitcoin is the fastest way to transfer money electronically. <--- That's a period.

For comparison, if you buy with a credit card it will take two to thirty days for the seller to receive payment. It may seem to you as the buyer that it was instantaneous, but it's not.

In your coffee shop example the seller could just ignore the confirmations. That is what happens when you use a credit card for a small purchase. The credit card issuer just takes the risk because it is not cost effective to commit credit card fraud for a cup of coffee. Same is true for bitcoin. A double spend for coffee is not logical.

[Warry]

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

Yes, that's one problem, I have watched a video about BTM (Bitcoin ATM) that people who sell Bitcoin had to wait a long time just for the transactions be confirmed so that it's not convenient way to use Bitcoin as money to go shopping

[xderek]

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

Yes, that's one problem, I have watched a video about BTM (Bitcoin ATM) that people who sell Bitcoin had to wait a long time just for the transactions be confirmed so that it's not convenient way to use Bitcoin as money to go shopping

I had to wait under 7 minutes to withdraw from the bitcoin atm.

[ubitcoin]

Exactly, using bitcoin for micro transactions and especially in the offline market, it is getting more and more difficult and costly. I am not sure if we can do this or not but I would like to have some service which will instantly transfer the bitcoins from my account to the account of some other person without such high fees. Reducing cost for micro transaction would boost the overall growth of bitcoin in terms of user base and price.

It is a balance question that neither we buy neither we sell ? How I mean I asked something how? The way is that bitcoin is now introducing his currency in different ways, couple of days ago Alibaba accepted bitcoin that people can buy things though bitcoins. Like that hotel allowed in a Singapore, Thailand and many other countries.

[hardtime]

This is true and sad, but in the end it is something that is still true. With the current congestion in the network, TX fees being insanely high and all that, you actually can't buy things with Bitcoin in a manner that's going to be time efficient in the least. It's horrid and something that the miners, and the community is going to have to come together in order to try to work the kinks out and fix it. This is unreal and is going to lead Bitcoin down a place where it's unable to be used as a world currency like everyone on here would love to see, with me included. I call on a consensus to be picked and fixed.

[stergium]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

Do you really think that it's a problem that you can't buy something with bitcoin? I don't problem with bitcoins today, as I'm very satisfied on how I'm using bitcoin. I know that there's a few place that we can use bitcoin directly and here in my country I'm very good by using bitcoin for paying bills and I'm good at it.

i also do not think that there is any problem while using bitcoin. i think we can use bitcoin very easily and quickly, and specially for online shopping, where we can use bitcoin at any time. although we have still some problems to use it even in our local shops, and i think the main reason is that bitcoin the users of bitcoin still very low in our area, most of the people still do not have any idea about bitcoin.

[boyptc]

This is the problem that we cant buy something with bitcoin. Even here in my country no shops nor coffee shops that offer bitcoin as payment. Maybe because bitcoin still has a problem that didnt resolved yet like too long to confirm the transaction.

Do you really think that it's a problem that you can't buy something with bitcoin? I don't problem with bitcoins today, as I'm very satisfied on how I'm using bitcoin. I know that there's a few place that we can use bitcoin directly and here in my country I'm very good by using bitcoin for paying bills and I'm good at it.

I think using bitcoin to buy regular things that we are buying with our fiat is a good idea because the fees of bitcoin will become a problem for the people who want to use their bitcoin and it is not worth it to buy something like 5 USD on its price and you are gonna to pay at least 2 USD fee for your transaction then that is almost a half of your paid amount that it is a very bad idea to just spend bitcoin anywhere because the fees is not that affordable and wise to pay for such small transactions.

The fees are really high but so far I haven't came to the point that I almost triggered by the high fees. But that's the problem that we are experiencing now maybe after the chain split we'll see a good result from this. And more companies are possibly going to adopt bitcoin so we can use it quickly.

[el kaka22]

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

Yes, that's one problem, I have watched a video about BTM (Bitcoin ATM) that people who sell Bitcoin had to wait a long time just for the transactions be confirmed so that it's not convenient way to use Bitcoin as money to go shopping

This is not a big problem. Let’s suppose an example of Facebook in a start they were less number of people in beginning it was not too developed like refreshing page for getting new messages, like that is bitcoin.

Bitcoin in a start faced a lot of difficulties no one was know that what is Bitcoin but with the days and months it is going famous. It is not a problem in transaction that taking long time but with the passage of time. Bitcoin will improve this problem and more become a faster.