Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 12.

Get-Paid.com

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Quote from: ChainSmoker on December 20, 2017, 08:46:44 AM

It's funny.People complain even when bitcoin price is so high.I understand your point OP.I wonder you waited this long to switch to BCH chain,you should have switched to it much earlier.BCH will too have the same problem sooner or later and another problem of centralization because of bigger blocks.LN is the future.Once it is implemented properly in Bitcoin,it will allow BTC again for micro transactions due to offchain low fee payments

I personally will not switch to BCH because of people behind it.I will keep Hodling BTC Roll Eyes

The Lighting Network is not going to happen:
https://localbitcoincash.org/news/7/How_Did_Bitcoin_Get_So_Messy?_Bitcoin_Cash,_Bitcoin_Segwit,_Bitcoin_Gold,_Bitcoin_S1X,_Bitcoin_S2X

Dogecoin started as a joke and made massive gains.
BCH is no different.

ChainSmoker

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It's funny.People complain even when bitcoin price is so high.I understand your point OP.I wonder you waited this long to switch to BCH chain,you should have switched to it much earlier.BCH will too have the same problem sooner or later and another problem of centralization because of bigger blocks.LN is the future.Once it is implemented properly in Bitcoin,it will allow BTC again for micro transactions due to offchain low fee payments

I personally will not switch to BCH because of people behind it.I will keep Hodling BTC Roll Eyes

fofz

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I believe that Bitcoin cash will rise quite a lot in 2018, but that doesn't mean that Bitcoin will die. Bitcoin cash may take over for smaller transactions as BTC has quite high fees and slow transaction time. Also if you look at BTC dominance - its first time under 50% since yesterday. Now at 47% - Surely going down slowly (lately).

cokkapaga

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We are know that fee transaction of bitcoin is too high, but I am not sure bitcoin is dead and BCH can be replace BTC
Btc is the first cryptocurrency in the world and many of people know bitcoin not bitcoin cash.

bitterguy28

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BCH has a new and modern cryptocurrency; it improved than the bitcoin itself. But when we talked about the transaction and values, BTC is better because it has high price or value than BCH.

Get-Paid.com

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Quote from: bjbear123 on December 20, 2017, 08:13:00 AM

I don't think bitcoin cash is any better than bitcoin... The fees are roughly $1 for a quick transaction... bitcoin cash is 5X cheaper than bitcoin, so it bitcoin cash was $15,000 then the fees would be roughly $5... thats not much better in my opinion, only about 1/2 - 1/3 the transaction fee.

Im more looking forward to SEGwit 2X on the 28th, I hope that will be the adopted coin that gets used, it is almost like bitcoin version 2. Much better than bitcoin cash the alt coin

Who said Segwit2x will happen on Dec 28? Do you have a reliable source? The Twitter for it has only 500 followers.

bjbear123

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I don't think bitcoin cash is any better than bitcoin... The fees are roughly $1 for a quick transaction... bitcoin cash is 5X cheaper than bitcoin, so it bitcoin cash was $15,000 then the fees would be roughly $5... thats not much better in my opinion, only about 1/2 - 1/3 the transaction fee.

Im more looking forward to SEGwit 2X on the 28th, I hope that will be the adopted coin that gets used, it is almost like bitcoin version 2. Much better than bitcoin cash the alt coin

Get-Paid.com

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Quote from: Lucius on December 20, 2017, 06:59:20 AM

So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.

You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.

The CoFounder of Bitcoin.com has done it, what's wrong with that? Huh

farhan28

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yeah it is true because bitcoin price is much high...because of that the transaction fees are much high...so if you want to send small amount,you need to give similar amount transaction fees as the payment..Bitcoin cash is now growing so everyone thinks that it will be the future bitcoin

dimastegar

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Yes, although many people talk Bitcoin Cash is a failure, but not with me. Because I think Bitcoin Cash is a child of Bitcoin which certainly needs to be glimpsed as an investment target. And can be seen now the price of Bitcoin Cash more than 3000 dollars. Which definitely makes people who say Bitcoin Cash is a "failure" will regret. Cool

HappyLocust41

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You are right. Although Bitcoin price has risen up so much, it hasn't really improved as a mode of payment.

cramcram21

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Yeah the fee for a transaction in bitcoin is too high I think the small payments or transaction is not very advisable in bitcoin,
Back then all of us could use bitcoin but nowadays because of the fee only the rich or those who have a huge amount of money could use it.

Lucius

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Quote from: Get-Paid.com on December 20, 2017, 02:56:19 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.

So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.

You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.

cynical

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Quote from: Get-Paid.com on December 20, 2017, 06:15:17 AM

Bitcoin's current utility as a currency is declining, but still its demand as an asset/store of value is increasing.

i agree totally with this point.
I think that the majority of people with Bitcoin dont care about whether they can pay for goods and services with it.
It has become a store of value and something to be traded and make profits.

Quote from: krishnapramod on December 20, 2017, 05:25:10 AM

Bitcoin is like Altavista Search Engine in 2000.
It was booming, everyone was using it but today nobody even remembers what it is.

It's good for now, there is a big hype, but without resolving its core fundamental issues it won't survive.

i think it will survive as a commodity for trading buy not as a payment system.

garet

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Quote from: scs3jb on December 20, 2017, 03:16:48 AM

Quote from: inturist on December 20, 2017, 03:08:51 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.

IMO, without utility, its going to become worthless. Utility is needed to keep the value high, incentivise miners and keep the network alive.

Feeds need to drop or the network won't survive this and you won't be able to get your money out when you need it.

Similarly, this undermines the aspects of the technology that make it worthwhile. This is not a revolution without it challenging banking, and payments, and its real worth will tank in line with this.

Fees need to come down or be proportionate to the value of the wallet values rather than the size of the transaction. Software changes are needed.

Great response! I think the fact that bitcoin has gone from a virtual currency meant to be used to pay for things to a store of value is simply a way for bitcoin backers to keep the coin relevant. Now that the network is not able to satisfy the market as a payment method, the only options are either call it something else or acknowledge it is no longer useful.

Nonetheless, the average investor who uses only Coinbase for example will not experience the issues that are prevalent within the technology. They simply buy on Coinbase and let bitcoin sit there, so they do not see the long times for confirmation or high fees.

CriptoCreater

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BitcoinCash is dead now, so I looking to the forks...Some guys trying to do Segwit2X...Sounds promising
ANN: https://bitcointalksearch.org/topic/annsegwit2x-together-we-will-see-a-business-through-2595620

Leopardon29

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Not sure about Bitcoin Cash as mentioned in the topic, but I totally agree that Bitcoin has slowed down and become more expensive than what was promised.

Sylar2016

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I have never beleived that Bitcoin could have succeeded as currency for everyday life expense. Just for its known problem related to the transaction fees and low speed. For this purpose there are more interesting project like Bitcore (that can make the same amount of 1 year of BTC transactions in just 3 days) or DeepOnion. But I am really sure that the value of Bitcoin will continue to grow up beacuse it can be seen as a value reserve like gold.

colonel_koval

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Quote from: Master1781 on December 20, 2017, 03:22:27 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?

Yes and the rise has just hapened tonight and today, so it is not a fixed 25%, rather it is a rise from 10% to 25% and I would predict that rise to continue. So we may be seeing levels like 50% and from there a path is short to bitcoin core being 25% of bitcoin cash

Mr.Smithers

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Quote from: Get-Paid.com on December 20, 2017, 02:56:19 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.

It is very said but it is also very true. My personal experience not only stands behind those statements, it shouts!

On the flip side, don't you guys have fears that when Bitcoin Cash have the same amount of transactions, the history will repeat itself? I know I know, the block size is bigger. But it is only a few times bigger, while bitcoin's transactions backlog is already 100 blocks long.

Topic: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 12. (Read 1549 times)