Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 10.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Get-Paid.com on December 20, 2017, 01:56:19 AM

We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.

We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.

Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.

The solution is simple. Use a Segwit enabled wallet then underbid the fees and wait for your transaction to confirm. Do not let the miners trick you into overbidding for the fees to have your transaction next in line.

Having a Segwit enabled wallet is easy. Buy a Trezor, if you want a webwallet use GreenAddress, Samourai wallet for mobile, and Electrum.

Use this guide to make a Segwit wallet with the standard "3 addresses" in Electrum.

Quote

Generate a BIP39, 12 words seed on https://iancoleman.io/bip39/, you can also use it offline for more security.

On electrum choose, create new wallet, I already have a seed, then on "options" choose BIP39, paste the seed then click next.

On derivation path path use: m/49'/0'/0'/0

junoreactor

full member

Activity: 196

Merit: 109

Quote from: Preclus on December 20, 2017, 05:21:13 PM

This topic doesn't make sense

Bitcoin Cash is bitcoin.

The other bitcoin is Bitcoin Core. And the other one is also Bitcoin Gold.

There isn't just one bitcoin. There are many bitcoins. There is no central authority that says which one is the "real bitcoin" so they are all the :real bitcoin".

But for the holders it makes perfect sense Cheesy

Go tell that to someone who has 1 Bitcoin and 0 Bitcoin Cash if one day Bitcoin Cash overtakes the other...
If you had Bitcoin before August 1 then you should have received the same equivalent in Bitcoin Cash, in that case I can agree with you.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: hadveach on December 20, 2017, 05:44:29 PM

why do not you wait for a while until bitcoin recovers? Today bitcoin hurts. it's because many users are selling bitcoins.
I speculate one of the factors why many people move to BCH is because of the expensive fee.
and I am sure that when bitcoin recovers and gets up, altcoin BCH and other will drop back.

We cannot "wait for a while" whilst our users send us emails complaining their Bitcoin payments were not received even tough we spent fees such as for example $5 to send a $1 payment to one user or another, it doesn't make sense and it's not reasonable for us to continue with this not even for another day.

Businesses like ours rely on the technology but we need it to work, and we have given it too many chances, but as business owners we can tell you this is not only bothering our business solely, this is a major problem and if there is no quick fix then we have to move on.

If you are sure Bitcoin will recover then good for you - as we mentioned before we are not here for speculation, and we are not investing in BCH in order to make money but we simply use it as means to pay our members.

Yes, Ethereum, Ripple and others are also options we consider, but for now based on a Facebook survey we conducted in our Facebook page most respondents have asked for Bitcoin Cash, and that's what we would proceed with.

hadveach

full member

Activity: 448

Merit: 102

why do not you wait for a while until bitcoin recovers? Today bitcoin hurts. it's because many users are selling bitcoins.
I speculate one of the factors why many people move to BCH is because of the expensive fee.
and I am sure that when bitcoin recovers and gets up, altcoin BCH and other will drop back.

djpitagora

member

Activity: 252

Merit: 11

Quote from: inturist on December 20, 2017, 02:08:51 AM

Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.

it's not a store of value because it doesn't have intrinsec value. Don't fool your self. If there is no real use then it's going to be dead soon. Something must be done with the fees because bitcoin today is no longer usable for anything real.

Preclus

full member

Activity: 167

Merit: 100

This topic doesn't make sense

Bitcoin Cash is bitcoin.

The other bitcoin is Bitcoin Core. And the other one is also Bitcoin Gold.

There isn't just one bitcoin. There are many bitcoins. There is no central authority that says which one is the "real bitcoin" so they are all the :real bitcoin".

Partizanai

member

Activity: 112

Merit: 10

Im quite new to crypto, im involved in it since this spring, but as more time passes i can s that bitcoin needs a lot of improvements to be legit, whats the pont of having bitcoin if you cant spend it. As someone mentioned bitcoin is for big purchases or holding, so if bitcoin goes this way less people will be able to use it. it will become like fine art, super overpriced, has no purpose and people who buy it does not care about nor understands about it, cryptos should be for everyone not just for rich

Preclus

full member

Activity: 167

Merit: 100

Quote from: Jerusareth on December 20, 2017, 02:12:34 AM

No doubt about it, that's why the price of Bitcoin Cash is rising as of the moment. Bitcoin must make a move fast about this micro transactions or else BCH will gain attention and worse surpass the original one. I miss the almost free tx's fees and faster sending/receiving of Bitcoin though.

BItcoin cash is bitcoin with a slightly higher block size. Both have the exact same underlying technology which means that if the price of Bitcoin Cash and the amount of transactions in Bitcoin Cash equals bitcoin, the same problems with happen with Bitcoin Cash.

WhoKn0ws

member

Activity: 140

Merit: 12

I wouldn't' go as far as to say that BCH is the new BCT. Are there benefits from this sure if you want to cut down transaction costs and times but there are already other Alts out there which have better promises and technological aspect which will help them wash it out. BCT is the foundation for all crypto and no matter what it will not be dethroned.

GoldMen

newbie

Activity: 38

Merit: 0

It is simply not worth making small payments. Bitcoin is for big things, I would simply keep them for big business that is worth the pen to invest with bitcoins. If I do not prefer, do not leave my wallet.

allthebitandbobs

sr. member

Activity: 1162

Merit: 252

Bitcoin cash it not the only option for small payments .There hundred of alts that can do the same job .I agree with bitcoin you need to transfering a big amount otherwise your going to get killed in fees

GeePeeU

sr. member

Activity: 545

Merit: 251

ASK

As an advocate of Cryptographic Currencies, I'll support the most decentralized, efficient, accepted, chain available at any point in time.

So yea, I don't have a side other than the general cryptocurrency ideals.

Green_Earth

newbie

Activity: 462

Merit: 0

Bitcoin transaction fees are very high.Now small bitcoin transaction is totally stop I think.Because people can't do make a transaction with highly costs.So your article is right niw.Bcc is the next future.

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

With the current situation with transaction fees it is very difficult to use bitcoin for smaller transactions unless you want to pay massive fees. Some are starting to see bitcoin cash as the solution. Over time will any other coin end up the same once its value hits a certain high.

coinycoiny

member

Activity: 273

Merit: 18

Guys, use a credit card.

You get free credit for a month or so.
Payment is instant.
Your credit card will normally refund you if the company goes bust
Oh, it's accepted everywhere.

...but in this forum apparently the banks are worried that bitcoin is going to make them go bust.

Yeah, right.

ahmetsusar

jr. member

Activity: 70

Merit: 7

satoshi is enough for it ı guess dont comparison to each of it

Darmold

member

Activity: 74

Merit: 10

I don't know, but we maybe will see one more fight between these two again soon.
Bitcoins 24h volume is crazy right now. And Bitcoin cash is heating up.
Interesting anyway

savushkinTA

full member

Activity: 192

Merit: 100

Bitcoin Cash seems to have taken over the mantle of Bitcoin as a secure and borderless digital currency... if one of the others like Dash, IOTA, or a privacy-centric version like ZCash doesn't fill the niche.
So what's left for Bitcoin? Digital gold store-of-value but keeping the "centralized" miners they've been griping about all year? High-fee, low-capacity non-cash? Becoming a banking settlement layer to compete with Ripple?
It seems like the use cases are better represented by BCG, BCH, and XRP.

ClarksonI

member

Activity: 79

Merit: 10

given the fees and transfer times for bitcoin, it's no wonder that other parallel currencies are gaining momentum

Phalo

full member

Activity: 224

Merit: 100

Quote from: Master1781 on December 20, 2017, 02:22:27 AM

Now BCC/BCH is about 20-25% of the BCC value. Does anyone think it would soon be valued at 0.5 BTC? Would BCC and BTC have the same value eventually?

Its just a matter of time. That we will definitely see in our lifetime. I can't wait... BTC is dead for small transactions.

Topic: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 10. (Read 1568 times)