Phyton76
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June 21, 2017, 11:22:08 PM |
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Ìt doesn't really take time I guess we can see some shop accepting bitcoin and there are people buying there using bitcoin and doesn't take days there just waiting for the payment to confirmed and no doubt I guess just the blockchain are down because of many transaction but still.
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ModGirl
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June 21, 2017, 11:26:38 PM |
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I think with online wallets you are unable to double spend so I am sure that if you will pay with online wallet and will pay a good fees for the transaction then the person will believe on you and then you will not need to wait for a longer time.
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SvenBomvolen
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June 21, 2017, 11:27:35 PM |
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I suppose not you not a smaller don't have to wait for a deposit been approved. The seller will see that you sent money and something like "abating deposit" on the service that he uses for such kind of payments and that's it.
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Rahar02
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June 21, 2017, 11:29:45 PM |
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Depends on the merchant, the guy in my city(a baker) is fine with an unconfirmed tx. For sure there will be people that double spend as people are serious piles of shit, but that is just like the losers that dine and dash, steal from vending machines, etc. Business just eat the costs of human bile.
You can double spent a transaction with a phone wallet? But if you show your wallet, and the merchant verify that you send the transaction without any problem, and he find it in his wallet (without confirmations, but if you set a high fee, it will confirm soon). Of course, it's about fees to make sure every transaction get confirmed soon or wait for days. Another factor maybe the number of unconfirmed transactions, if its above 100K, then you have to be patient. If I have a coffee shop and you pay with bitcoin, I will accept it as long as the fee is sufficient, so it's depend on the owner as well.
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Lizzie_Girl
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June 21, 2017, 11:37:03 PM |
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You could have your own address so like a tab and you send bitcoins to it. Everything you order will then come off that wallet. I'm not sure how else to do it. What do you guys think about using another wallet like you would run a tab at the bar but it's prepaid ?
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vh
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June 22, 2017, 03:03:44 AM |
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Fees aside sometimes a block isn't found on the network for over an hour. Direct purchase of prepaid gift certificates or store credit seems like a decent middle ground but then you need to deal with left over balance. Not too efficient.
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batang_bitcoin
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June 22, 2017, 03:07:52 AM |
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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?
Thats why we have choice, we can adjust the fee in able to get our transactions confirmed fast. But thks type of deal depends on the kindness and attitude of the owner. Because he can simply give your coffee when he sees he has a pending transaction and its noted as "receiving" in the network.
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Rent this sig space so that BTC goes to $100k.
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xuan87
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June 22, 2017, 03:25:17 AM |
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Most of the shop won't allowed that things, they want to be sure the payment is valid before they give us the thing, setting a high fee will faster the transaction but the expenses will be bigger, that is why I always said that bitcoin is not suitable for payment that need instant confirmation
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pooya87
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June 22, 2017, 03:39:15 AM |
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Most of the shop won't allowed that things, they want to be sure the payment is valid before they give us the thing, setting a high fee will faster the transaction but the expenses will be bigger, that is why I always said that bitcoin is not suitable for payment that need instant confirmation
did you really "always" said it ? were you really saying it last year? when fees were super low, how about the year before that, or the year before that. how about when you could send a transaction with zero fees and still get a confirmation in reasonable time. you seem to have forgotten that the current ongoing situation is very new compare to past 8 years!
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andrei56
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June 22, 2017, 03:56:21 AM |
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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?
At this moment something like that is a problem, some may say that you could include an higher fee, but the fees are very high at the moment you may end up paying more from the fee than the coffee, so for now there is not a good solution to that problem.
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Wipro
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June 22, 2017, 04:10:39 AM |
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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?
At this moment something like that is a problem, some may say that you could include an higher fee, but the fees are very high at the moment you may end up paying more from the fee than the coffee, so for now there is not a good solution to that problem. Lol, if it is starbucks or coffeebar. Transaction fees will consumes the coffee's cost in that. As of now bitcoin state is become so funny, if you look like you said. This is the corporate game, they will take their own altcoin up with the less fees in future and we all will push by them to depend on other altcoin. Satoshi is only solution to solve this issue by owning the copyright and decide the mining fees structure for pool.
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qiman
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June 22, 2017, 05:55:28 AM |
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Unless they sort out the high transaction fees, buying coffee or tea with Bitcoin or even a pizza is not even viable until the transaction fees are lowered in some way. I hope this happens or segwit gets activated.
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Kakmakr
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June 22, 2017, 06:04:04 AM |
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If you are a regular customer, the merchant might trust you enough to let you go without even 1 confirmation. You are doing the transaction in front of him, so he will see that the transaction actually took place. Why would someone go through all that trouble to double spend for a cup of coffee? There are also other alternatives, where you use a Xapo debit card and then you fund the card with bitcoins in advance and buy at any place where VISA is accepted. < No, confirmation needed for these transactions >
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J Gambler
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June 22, 2017, 06:13:21 AM |
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Ìt doesn't really take time I guess we can see some shop accepting bitcoin and there are people buying there using bitcoin and doesn't take days there just waiting for the payment to confirmed and no doubt I guess just the blockchain are down because of many transaction but still.
Yes in some areas and in some location in the earth there are countries that accepts bitcoin, you will send bitcoin directly to the store. But in some areas there have no store accepting it. In that we can say that we cant withdraw it so easy. We need to convert in our national currency before having that.
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Y U MAD AT ME
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KennyR
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June 22, 2017, 06:16:43 AM |
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Ìt doesn't really take time I guess we can see some shop accepting bitcoin and there are people buying there using bitcoin and doesn't take days there just waiting for the payment to confirmed and no doubt I guess just the blockchain are down because of many transaction but still.
Yes in some areas and in some location in the earth there are countries that accepts bitcoin, you will send bitcoin directly to the store. But in some areas there have no store accepting it. In that we can say that we cant withdraw it so easy. We need to convert in our national currency before having that. Right now more users are practicing the same by converting to fiat and then using for all necessity. Japan has got the increased direct acceptance of bitcoin, because of the legal adoption causing more than 20000 merchants starting to accept bitcoin as payment in a very short time period.
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sobsitesearch
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June 22, 2017, 06:37:55 AM |
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Yes indeed that's right, it can not be done quickly. I'm also feel it, bitcoin requires a process to cash it out, so it can not be used instantly to buy something that is needed in our life like buying coffee, cigarettes and others.
For now that is what we are doing in our bitcoin, but there are some country that users of bitcoin can be used bitcoin to buy things but i think that is not quick because of the confirmation of transaction was too slow and i am hoping that soon bitcoin would be fully adopt here in my country to spend bitcoin itself in different stores.
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SingAlong
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June 22, 2017, 06:39:59 AM |
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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?
Also it would be a little bit expensive as what the original price is considering the transaction fee though there are some people who transfer bitcoin in the same wallet where fees are not charged and charged only if you send bitcoins to other wallets. In your case, it depends on the shop since you have send it then they will just have to wait for it though there are cases which they call as double spend which make them think twice to do so.
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Anegg
Sr. Member
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June 22, 2017, 06:48:54 AM |
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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?
It really depends where you go and if you are online, what website you go on. I don't have many shops around me that accept Bitcoin, but online, there are many places that are fine with the transaction not being confirmed. If you use those sites, you should be fine.
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Amph
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June 22, 2017, 06:56:58 AM |
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you either don't use bitcoin to buy small stuff like a cofee, or you do it by losing money in the fee, or if you are lucky you can pay lower fee and use an accelerator if not beyond limit usually the merchants will wait for 6 confirmations, so no double spend, but maybe this can prove me wrong https://bitcointalk.org/index.php?topic=115897.20
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Sidas_Crew669
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June 22, 2017, 07:06:56 AM |
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Ìt doesn't really take time I guess we can see some shop accepting bitcoin and there are people buying there using bitcoin and doesn't take days there just waiting for the payment to confirmed and no doubt I guess just the blockchain are down because of many transaction but still.
Indeed the system essentially in the blockchain is very fun or pleasant, because they use a system where someone can benefit in helping them. But to manage it all does require a lot of power so that it can be resolved quickly, indeed this system now in the bitcoin is extremely bad especially in the transaction. But there is no impediment to become something great thing, because right now it is very great advantage bitcoin
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