Topic: Bitcoin impracticable payment. What is the solution? - page 2. (Read 872 times)
If they do not take the Bitcoin payment, then use it somewhere else. Bitcoin is now widely used. Everyone has a lot of good ideas about this. You do this what say your mind. Buy Bitcoin will give you something profitable.
Bitcoin are now widely useful if someone do not get payment by bitcoin you can avoid them and try to another els. it will make your profit. it's more secure and potential. you have a lot of opportunity to use bitcoin.
I think that the introduction of this technology could solve this problem and then bitcoin will be able to take on more importance in the world
but it will take a long time. some countries have even banned bitcoin. so first we must accept bitcoin as a currency then integrate it Right now if you want to buy a pizza with Bitcoin, you will have some problems, the delay it will take and the fees will make it impossible.
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
Lightning network is just a myth to delay the collapse of BTC scheme. It wont work.
Nice. Do you have any data to back up your claims? I don't know how you can call it a myth because its being tested on mainnet as far as I really don't understand your rationale, you say BTC will collapse and yet you are still here in the forum? What gives?
Not directly, because this topic is made overcomplicated, as many other schemes. When direct data comes available, it will be so obvious, my claims would be worthless from there on.
What are my indirect arguments? Math. For BTC to become a mainstream currency, many conditions need to be met at the same time. One of those is HUGE scaling into mainstream quantities, by means of network bandwith, storage space, computing power and all that same time and at reasonable price. If BTC really "worked" how it is claimed to be working now, achieving those criteria at the same time is impossbile.
I have never bought a Satoshi and I consider BTC a scam. Why Im here? Sceptics can also be interested in some topics at the same time, can they not? I was in a team, that busted KairosPlanet scheme. Bad news for You, but I see tons of similarities.
Right now if you want to buy a pizza with Bitcoin, you will have some problems, the delay it will take and the fees will make it impossible.
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
Lightning network is just a myth to delay the collapse of BTC scheme. It wont work.
Nice. Do you have any data to back up your claims? I don't know how you can call it a myth because its being tested on mainnet as far as I really don't understand your rationale, you say BTC will collapse and yet you are still here in the forum? What gives?
Right now if you want to buy a pizza with Bitcoin, you will have some problems, the delay it will take and the fees will make it impossible.
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
Lightning network is just a myth to delay the collapse of BTC scheme. It wont work.
this is not necessary at all. i think this way of thinking is only because bitcoin is new and different that what we are used to. but if you think about it when you go to a restaurant and pay with credit card for instance, the manager doesn't make you wait a month or so for the transaction to finalize. no, they let you go and maybe in a couple of hours or in a day the transaction was reversed and the restaurant loses money because the credit card you used was stolen one but that is the risk that a restaurant owner takes.
so why do we insist on having a different way of things for bitcoin?
so why do we insist on having a different way of things for bitcoin?
Probably because it's a lot harder to steal/clone a credit card than it is to attempt a race attack double spend. Both payment methods are imperfect and I'm not saying one issue is worse than the other, just that I understand the overall wariness on 0-confirmation Bitcoin transactions.
Lightning doesn't have this problem as far as I know though, so it's probably a non-issue at the end of the day.
edit: spelling
In my opinion, bitcoin to be used as a payment tool is currently not so much using it. but if there is a problem like that there may be a network failure or obstacle!
I think that the introduction of this technology could solve this problem and then bitcoin will be able to take on more importance in the world
Every coin has its purpose. Bitcoin doesn't have to be used to buy pizza's when there are hundreds of altcoins that can be used for that purpose. However, prepaid bitcoin cards can be used if they will only take btc
Bitcoin are more usable and it make easy your transaction. it is payment system better than traditional payment system. if someone do not take payment by bitcoin you can try another. bitcoin are now widely used. it future are bright.
I think that this is a good solution for the current problems with bitcoin transactions but you need to move on and before the general acceptance of bitcoin is still very far away
Hope in future BTC will create some feature which will be able to this type of payment and give BTC holder ready to any kind of payment`
"It is not fair to label BTC with “impractical” just because you could not use it for paying pizza. There are many more sectors where btc is practical to use. So think in a positive way.
"
"
Bitcoin is easy to transaction and fee less and it’s decentralized that’s why anyone can be anonymous when they transect and avoid third party. It’s useful for big transaction but still not appropriate for this kind of payment`
Bitcoin is not impractical payment. Using bitcoin credit card you can purchase your daily needs. Nowadays due to being mainstream many e-commerce sites, physical stores and retailers are accepting BTC payment. So there is lot of practical use of btc.
Right now if you want to buy a pizza with Bitcoin, you will have some problems, the delay it will take and the fees will make it impossible.
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
https://lightning.network
This seems to be a solution. What is your though about this? Is this going to be as secured and anonymous? Where are the source of this technology?
Yep. That's the two things I really hate about bitcoins making it near perfect would mean solving these two problems. The two problems are the expensive transfer cost and the slow transfe rate. It just goes to show that even the king has some flaws in it. But I think someone would find a solution to this.
- The delay of 10 minutes can be ignored. If you are in the restaurant you can pay first and after you finish eating your transaction will be confirmed. Similarly, if you order it.
this is not necessary at all. i think this way of thinking is only because bitcoin is new and different that what we are used to. but if you think about it when you go to a restaurant and pay with credit card for instance, the manager doesn't make you wait a month or so for the transaction to finalize. no, they let you go and maybe in a couple of hours or in a day the transaction was reversed and the restaurant loses money because the credit card you used was stolen one but that is the risk that a restaurant owner takes.
so why do we insist on having a different way of things for bitcoin?
I am buying junk food daily without the use of the Lightning Network, so I do not understand where the problem is? The fees
are relatively low and it is very quick too. {Disclaimer : I am doing SegWit to SegWit transactions}
The Lightning Network
is Bitcoin on steroids and the next evolution in the Bitcoin experiment. The Lightning Network is also ideal for micro payments,
so this is the scaling solution for the future.
are relatively low and it is very quick too. {Disclaimer : I am doing SegWit to SegWit transactions}
The Lightning Network is Bitcoin on steroids and the next evolution in the Bitcoin experiment. The Lightning Network is also ideal for micro payments,
so this is the scaling solution for the future.
Now many big company’s accept bitcoin but it’s not easy to that’s kind of payment available with butcoin and here no need to anonymous.
Jump to: