Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 13.

Bukx

full member

Activity: 196

Merit: 100

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.

Well, i feel the same problem will lead bitcoincash to the moon. Really sad to say but this is real.

Wipangga

member

Activity: 600

Merit: 10

I think bitcoin will never die, because bitcoin is scattered in all countries, I think bitcoin is the father of all coin-coin, which is on the market, so bitcoin will not die.
If our opinion bitcoin cash is also good in recent times, to get results in the long run.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: krishnapramod on December 20, 2017, 04:25:10 AM

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

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.

kiver

full member

Activity: 210

Merit: 100

it's true that bitcoin getting harder and harder everyday but i also don't like switching payment to bitcoin cash (only my opinion) bitcoin cash could drop in price at any time it a manipulative market maybe if you could switch to some other altcoin it will be helpful for you and alot of people will accept that

P.S bitcoin getting harder in payment doesn't mean its worthless but it became like asset you keep not to pay with

krishnapramod

legendary

Activity: 1470

Merit: 1079

Bitcoin's current utility as a currency is declining, but still its demand as an asset/store of value is increasing. In fact with the launch of CME Bitcoin futures it has become a mainstream financial investment/asset. So basically, right now Bitcoin is less of a payment network, but evolving into digital gold. Conflicting views, those who prefer a decentralized peer-to-peer payment network over digital gold would find the current situation quite messed up, but for those who are simply holding Bitcoin, this isn't much of a concern. Bitcoin's future utility as a currency depends on LN implementation so IMO 2018 is going to be quite challenging and competitive for Bitcoin.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

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.

Yes, you are right and this is sadly worrisome. Perhaps that explains why litecoin and Bitcoincash are getting a lot of patronage lately. Besides the discouraging fees for small transactions there is a whole backlog of unconfirmed transactions waiting in the blockchain for days unending.

freeman48

newbie

Activity: 31

Merit: 0

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.

That's true man. For me payments systems will be good altcoins.

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

To the altcoin section

Saimabutterfly

full member

Activity: 257

Merit: 100

Yes bitcoin is not for the smaller transactions but yes its still the best for the big transactions. Bitcoin is far better than BCC.

iamTom123

hero member

Activity: 490

Merit: 501

Bitcoin is dead but soon it will have its own resurrection that is if those people in charge for its development would stop sleeping and start working...it is as simple as that. I don't believe that they don't have the capacity to solve the whole mess as the problem has become no more technical but political. This should be the message that must come clear to them...we have to do something because the business environment is very competitive and there are rival cryptocurrencies who are also vying for the top post.

lighpulsar07

sr. member

Activity: 518

Merit: 271

Well still no bitcoin cash is still a shitcoin controlled by roger and jihan's followers just like you i rather to move on litecoin and ethereum instead investing on mainpulated the coin and besides litecoin and ethereum is much faster than bitcoin cash when it comes to block generation. Although your are right the transactions fees are high right now and we are suffering from it but the devs were working on lightning network if implemented microtransactions were available again in bitcoin.

inturist

full member

Activity: 196

Merit: 100

Bidding Bitcoin Cash stopped after adding to Coinbase and an unusual price increase.
An update from Coinbase CEO @brian_armstrong https://t.co/bNeOAgjHBl
Just wow, price on GDAX went to the moon close to $9500

Krishan_94

member

Activity: 68

Merit: 10

Bitcoin is dead for payments now.. Its now for very high payments.. But we have sathoshi for small payments.. No need to worry.. Just enjoy btc..

lady pink

newbie

Activity: 49

Merit: 0

This has to be happened. Sooner or later the transaction issues, insane high fees and long-time taking confirmations is annoying. The best alternative for transactions is to choose Bitcoin Cash. It will grab the market cap slowly and gradually. It will go high.

emuLOAD

sr. member

Activity: 328

Merit: 252

Quote from: Gategold on December 20, 2017, 02:28:01 AM

This is really a big problem, the poor will not like to use bitcoin. But I think the richvpeople will still buy bitcoin for investment. May be bitcoin is only for elite people and the poor only can use altcoin. Bitcoin will never dead.

Why is it a big problem? You re making it out as if poor People are the "powerhouse" behind bitcoin. Why would you think that? If bitcoin no longer is for to be misused as a currency, then why not focus on btc as a commodity anmnd something else for small transactions.

Nobody buys Milk with sovreigns, yet they are perfectly fine

maeusi

sr. member

Activity: 462

Merit: 254

Ok, faucets and Co will also soon deny on BCH. They should use cryptocurrencies, that suite to their payment amounts. There are enough reliable cryptocurremcies like digibyte and Doge.

dreamer81

sr. member

Activity: 616

Merit: 252

hahaha... bitcash or whatever you call it, because it has nothing to do with bitcoin, is DEAD. It's an altcoin, made by a powerfull group, which is why they are able to pump the price so much, but it's nothing but a crap coin imo

scs3jb

newbie

Activity: 22

Merit: 0

Quote from: jonemil24 on December 20, 2017, 02:27:33 AM

Which of them two has the highest transaction?

If people move to BCH, I'll just dump more of my fiat to BTC because BCH will also face the same problem sooner or later.

They will experience increase against fiat, but the fee is an order of magnitude lower. They'd need a much higher price and/or a much higher transaction volume to match BTC.

The promise of a 1 cent fee forever is a lie, but i suspect they'll just increase the blocksize again if it ever gets too high.

They don't believe in segwit and lightning because they represent gaming, etc. and don't want potential auditing and restrictions imposed. i think the fear is lightning networks could be forced to blacklist grey markets, who have carried bitcoin to where it is today

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

I agree. I was surprise with the current rise in fee's. Yesterday, I want to transfer some from to cash it out today. However, the fees are insanely high.

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

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.

I don't know. I don't have bitcoin cash to begin with and I'm not sure if I'm going to support this coins. I don't trust the people behind it.

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

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.

I don't think that they are moving though to used it as mode of payment. They are moving now because they are just pumping it and take profits just like the last time they did. Bitcoin is not a dead zombie, though its really becoming more of a investment rather than a true P2P that we all want it to be.

NorrisK

legendary

Activity: 1946

Merit: 1007

Utility of bitcoin is simply changing during the time where the network can't keep up.

When new scaling solutions are impelemented, people will be flocking back to bitcoin.

I do applaud you for going this route as it is the only sensible thing to do at the moment.

Topic: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 13. (Read 1568 times)