I agree with you,
Gavin has already implemented the upgrade in bitcoin XT, so I don't think what is the problem
Topic: Bitcoin Network need upgrade ASAP - page 2. (Read 1469 times)
No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
There's a whole lot to take on board if it's their first transaction but it's up to them to do their homework. Payment processor is the way forward indeed.
If a customer says 'hey, you don't have to wait for confirmations with this new type of money. Gimme the bike.' They're probably going to be a tad sceptical.
i see them that was their first time in this kind of payment.
I know this but the confirmation time is not a problem?
not for a low amount like that unless that bike has cost you a lot, but in that case i'm sure you can wait for 1 confirmation
if this shop has a website he can at least experiment more online with bitcoin, which i think it would work better
There's not much backlogged tx'es now. They should be confirmed in time.
http://blockchain.info/unconfirmed-transactions
http://blockchain.info/unconfirmed-transactions
this was the payment that has doing more than an hour for a single confirm
https://www.biteasy.com/blockchain/transactions/a4faec0e037cf6397d4ad7a2cc32f49f96bade9d8bcf6aeed0668c3261eb3d9b
every day i read to reditt complains about long time waiting for normal confirmation in many cases that times it exceeds and 2-3 hours
No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
There's a whole lot to take on board if it's their first transaction but it's up to them to do their homework. Payment processor is the way forward indeed.
If a customer says 'hey, you don't have to wait for confirmations with this new type of money. Gimme the bike.' They're probably going to be a tad sceptical.
Why are people upset about fees?
Normally they are just $0.02 or $0.03
Normally they are just $0.02 or $0.03
for that i say that the wallets must drop the "normal" and low fees
There's not much backlogged tx'es now. They should be confirmed in time.
http://blockchain.info/unconfirmed-transactions
http://blockchain.info/unconfirmed-transactions
Quote
i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!.
where do you have this option in schildbach product ?
i use 3 time per month, this schildback wallet since 2 years ... and i can not choose the fees !
by the way, it's the seller that it must provide an QR-code to pay the invoice ... not you that you must pay a amount.
in the payment window in the menu option
Why are people upset about fees?
Normally they are just $0.02 or $0.03
Normally they are just $0.02 or $0.03
Quote
i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!.
where do you have this option in schildbach product ?
i use 3 time per month, this schildback wallet since 2 years ... and i can not choose the fees !
by the way, it's the seller that it must provide an QR-code to pay the invoice ... not you that you must pay a amount.
you can still have the manual fee option. Is not acceptable anymore when you choose the "normal" fee to doing one hour for one single confirm.
So the solution is to simply drop the normal fee? I disagree, I think the solution is more of a rework to the normal fee. It should constantly query the blockchain for what should a "normal" fee be. I don't think it does this as of now, but honestly I'm not sure as I don't use the app. Last time I checked, it didn't.
I know this but the confirmation time is not a problem?
No, the shop employee needs an upgrade. They should not make you wait for a confirmation!
For regular payments, like a cup of coffee, or a bike, you can accept zero-confirmation payments without any significant risk - MUCH lower than when accepting credit cards, for example.
When a customer pays with credit card, a shop owner does not make the customer wait until the transaction becomes irreversible (which is typically 6+ months for most Visa and MasterCards).
Similarly, they should not make a customer wait if they pay with Bitcoin either, even though the confirmation time or 'irreversibility time' is only 10 minutes on average.
If they're scared about double spends, they should use a Bitcoin payment provider. There are plenty, it's free of charge and then they have zero risk.
For regular payments, like a cup of coffee, or a bike, you can accept zero-confirmation payments without any significant risk - MUCH lower than when accepting credit cards, for example.
When a customer pays with credit card, a shop owner does not make the customer wait until the transaction becomes irreversible (which is typically 6+ months for most Visa and MasterCards).
Similarly, they should not make a customer wait if they pay with Bitcoin either, even though the confirmation time or 'irreversibility time' is only 10 minutes on average.
If they're scared about double spends, they should use a Bitcoin payment provider. There are plenty, it's free of charge and then they have zero risk.
you can still have the manual fee option. Is not acceptable anymore when you choose the "normal" fee to doing one hour for one single confirm.
I agree with the blocksize update (and for more than just 2mb), but the fees still have to be customizable. What if you just don't want to pay high fees?
I will write my story and why i think that bitcoin network need an block size ugprade asap.
I live in Greece Athens and recently i notice that a bike shop here in a center mall accepts bitcoin. I go with my bitcoin wallet to buy a bike from there
https://play.google.com/store/apps/details?id=de.schildbach.wallet
https://www.facebook.com/bikeloungeathens
i was the first customere that will ever pay with bitcoin. The problem is that when i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!.
After one hour i give my id to the shop and i left and when i go to my car i see at last that the payment has one confirm.
The fact now. This shop and the owners is new very new to bitcoin and as they say to me they are doing like an experiment. I dont think that they have see this experiment with any success.
In bitcoin community especially developer of bitcoin must admit that in this current situation bitcoin is not anymore for every day usage. We are not in 2013 or 2014 and the bitcoin network is every day overload.
In my opinion the block size must upgrade to 2mb asap and the wallet to drop all the low fees and has only the fast option fess.
I live in Greece Athens and recently i notice that a bike shop here in a center mall accepts bitcoin. I go with my bitcoin wallet to buy a bike from there
https://play.google.com/store/apps/details?id=de.schildbach.wallet
https://www.facebook.com/bikeloungeathens
i was the first customere that will ever pay with bitcoin. The problem is that when i pay i choose to the wallet the normal fees and not the fast and i have to wait almost one hour without any confirmation!.
After one hour i give my id to the shop and i left and when i go to my car i see at last that the payment has one confirm.
The fact now. This shop and the owners is new very new to bitcoin and as they say to me they are doing like an experiment. I dont think that they have see this experiment with any success.
In bitcoin community especially developer of bitcoin must admit that in this current situation bitcoin is not anymore for every day usage. We are not in 2013 or 2014 and the bitcoin network is every day overload.
In my opinion the block size must upgrade to 2mb asap and the wallet to drop all the low fees and has only the fast option fess.
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