Bitcoin the New Gold & Dash for Payments? - page 2.

jago25_98

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Quote from: NeuroticFish on December 15, 2017, 03:09:44 AM

Quote from: jago25_98 on December 15, 2017, 02:15:40 AM

What about the high transaction fees of bitcoin? Can you imagine if amazon accepted bitcoin payments and people order a book for $20 and have to pay high transaction fee which makes it too expensive? I see BTC more as a investment than a currency for daily payments.

Of course the fees are way too big now. And I still believe that the current size of the mempool is unnatural. And you are right on this, there was already a story about Steam no longer accepting Bitcoin exactly because of the fees.
There are already merchants accepting some of the altcoins here and there, I know that too.

For now, the best option is indeed to work with Bitcoin-as-asset, not Bitcoin-as-currency if you cannot use SegWit.
But Bitcoin is evolving. SegWit is already a big step. LN will follow. The devs will improve Bitcoin until it will become fit to be used as currency.

And let me give an example. I have a "Bitcoin card". Before, converting Bitcoin to fiat was expensive. They moved to SegWit and now I don't even know if it's for free or just dirt cheap. It's a good step forward.

Segwit gives hope! I believe in btc. Still regret selling a lot back in 2014. Luckily I still have a good amount left. If the devs manage to implement innovations that reduce the fees and speed up the transactions then btc will be used as investment and daily payments.

NeuroticFish

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Quote from: jago25_98 on December 15, 2017, 02:15:40 AM

What about the high transaction fees of bitcoin? Can you imagine if amazon accepted bitcoin payments and people order a book for $20 and have to pay high transaction fee which makes it too expensive? I see BTC more as a investment than a currency for daily payments.

Of course the fees are way too big now. And I still believe that the current size of the mempool is unnatural. And you are right on this, there was already a story about Steam no longer accepting Bitcoin exactly because of the fees.
There are already merchants accepting some of the altcoins here and there, I know that too.

For now, the best option is indeed to work with Bitcoin-as-asset, not Bitcoin-as-currency if you cannot use SegWit.
But Bitcoin is evolving. SegWit is already a big step. LN will follow. The devs will improve Bitcoin until it will become fit to be used as currency.

And let me give an example. I have a "Bitcoin card". Before, converting Bitcoin to fiat was expensive. They moved to SegWit and now I don't even know if it's for free or just dirt cheap. It's a good step forward.

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Quote from: jago25_98 on December 14, 2017, 10:21:36 PM

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

I don't think that bitcoin is now comaprable to gold because main reason behind this factor is that price of bitcoin is not comparable to gold at any way , so if we can see toward the demand and supply then also bitcoin is much priority then what gold have condition .
And here DASH is a big option for payment purpose but still a big thing here is that the transaction fee , in my opinion best coin for small fee is Digibyte coin Because confirmation of Digibyte coins is much faster and a very small amount of fee needed to transfer coins , so we can take Digibyte coin for payment purpose. And bitcoin only use for the savings like we saves gold in bulk amount for future profit .

jago25_98

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Quote from: NeuroticFish on December 15, 2017, 02:11:23 AM

Quote from: jago25_98 on December 14, 2017, 10:21:36 PM

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

No. Bitcoin IS the new gold. And, after a couple more fixes, it will be still Bitcoin used for daily payments.

Dash doesn't fit to this equation. There are many faster coins, there are other anon coins (and there will always be a debate on how anon really is one or another), there are more stable coins.
The only thing you try to do here is to advertise Dash. You don't really want to see other coin names here, so don't ask for them.

That's quite a statement. I don't try to advertize Dash at all. In the topic question I even ask if there are other coins people think that will be used as payments. Anyway, I see you're not a fan of Dash, that's fine.
What about the high transaction fees of bitcoin? Can you imagine if amazon accepted bitcoin payments and people order a book for $20 and have to pay high transaction fee which makes it too expensive? I see BTC more as a investment than a currency for daily payments.

NeuroticFish

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Quote from: jago25_98 on December 14, 2017, 10:21:36 PM

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

No. Bitcoin IS the new gold. And, after a couple more fixes, it will be still Bitcoin used for daily payments.

Dash doesn't fit to this equation. There are many faster coins, there are other anon coins (and there will always be a debate on how anon really is one or another), there are more stable coins.
The only thing you try to do here is to advertise Dash. You don't really want to see other coin names here, so don't ask for them.

jago25_98

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Quote from: Turkish88 on December 15, 2017, 02:02:58 AM

Why DASH ? It have very fast transaction speed ? I think when all cryptoworld turn to DASH it also overload how BTC.
After cryptokitties its exactly not etherium for mass transaction we understand
the best way modification btc network - segwit 2x 10x and etc

Masternodes. Unlike Bitcoin, Dash introduced Masternodes to incentivize users with payments to secure the network and add cool transactional features like InstantSend. Masternode operators invest 1,000 dash to host a Masternode.
InstantSend. Instasend uses the instantX Masternode feature to send and confirm transactions in seconds. Bitcoin’s block propagation takes an average of 10 minutes, and 6 typical conformations for large purchases could even take an hour.

jago25_98

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Quote from: Mister1k on December 15, 2017, 02:03:10 AM

Quote from: piloder on December 15, 2017, 01:56:13 AM

Dash is pretty old altcoin but bitcoin will always dominate market, Ethereum has lots of potential and price & demand for ETH is already rising.

Bitcoin will always be used as payment method while ethereum will be used to invest in ICO and to gamble in smart contract based platform like vdice, cryptokittens etc.

ETH can have many applications while bitcoin will be kind of crypto payment.

However dash is not that much older than bitcoin. Among all the crypto currency bitcoin is the only currency comes to the crypto market first time by satoshi. I see many people having bitcoin is like a asset and invest their many funds then they have on the real time investment.
Smart contracts are not based bitcoin it the ethereum oriented project. That is reason eth value grows snc being stable in the market.

You probably meant that bitcoin is not much older than dash Wink

.
I definitely agree that bitcoin is more an investment asset. If you look to LTC which has actually more potential than btc to be used for payments as the fees are much lower and the transaction time faster.

jago25_98

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Quote from: piloder on December 15, 2017, 01:56:13 AM

Dash is pretty old altcoin but bitcoin will always dominate market, Ethereum has lots of potential and price & demand for ETH is already rising.

Bitcoin will always be used as payment method while ethereum will be used to invest in ICO and to gamble in smart contract based platform like vdice, cryptokittens etc.

ETH can have many applications while bitcoin will be kind of crypto payment.

Agree but the danger for ETH is that their blockchain can be stuck with transactions caused by for example these kittens.

Mister1k

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Quote from: piloder on December 15, 2017, 01:56:13 AM

Dash is pretty old altcoin but bitcoin will always dominate market, Ethereum has lots of potential and price & demand for ETH is already rising.

Bitcoin will always be used as payment method while ethereum will be used to invest in ICO and to gamble in smart contract based platform like vdice, cryptokittens etc.

ETH can have many applications while bitcoin will be kind of crypto payment.

However dash is not that much older than bitcoin. Among all the crypto currency bitcoin is the only currency comes to the crypto market first time by satoshi. I see many people having bitcoin is like a asset and invest their many funds then they have on the real time investment.
Smart contracts are not based bitcoin it the ethereum oriented project. That is reason eth value grows snc being stable in the market.

Turkish88

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Why DASH ? It have very fast transaction speed ? I think when all cryptoworld turn to DASH it also overload how BTC.
After cryptokitties its exactly not etherium for mass transaction we understand
the best way modification btc network - segwit 2x 10x and etc

jekjekman

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At first I really see Bitcoin as a digital currency for buying and selling goods and services online but nowadays the way I think about it changes also because it is indeed more of a property just like Gold right now more than a money because the price increase is so fast that spending it like a normal money will make you regret later on.

There are so many new players that only bought Bitcoin in expecting to earn out of it and I am not against it though but they are just riding the train with no idea at all to what it's all about. Using different cryptocurrencies aside from Bitcoin is more convenient without a doubt because the Bitcoin network is congested this fast few months and it must be improve or else there will be another coin that may become worthy than Bitcoin.

jago25_98

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Quote from: Haunebu on December 15, 2017, 01:53:27 AM

Bitcoin is being pegged as Gold v2.0 by big figures like the Winklewoss twins etc and this is no surprise considering the rate at which it is increasing with time. 2017 has clearly been a game changing year for bitcoin and the rest of the crypto world and I am expecting 2018 to be even better for the entire crypto world. On the other hand, Dash is rallying alongside bitcoin and is rising like crazy, but it still has a LONG way to go before being considered for daily payments. Bitcoin is clearly a better option here.

Well I agree with you if the transaction fee of BTC was lower than it currently is. The fee is only interesting for transferring big amounts of money. Dash is faster, better encrypted and the transaction fees are way lower.

piloder

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Dash is pretty old altcoin but bitcoin will always dominate market, Ethereum has lots of potential and price & demand for ETH is already rising.

Bitcoin will always be used as payment method while ethereum will be used to invest in ICO and to gamble in smart contract based platform like vdice, cryptokittens etc.

ETH can have many applications while bitcoin will be kind of crypto payment.

Haunebu

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Bitcoin is being pegged as Gold v2.0 by big figures like the Winklewoss twins etc and this is no surprise considering the rate at which it is increasing with time. 2017 has clearly been a game changing year for bitcoin and the rest of the crypto world and I am expecting 2018 to be even better for the entire crypto world. On the other hand, Dash is rallying alongside bitcoin and is rising like crazy, but it still has a LONG way to go before being considered for daily payments. Bitcoin is clearly a better option here.

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Quote from: jago25_98 on December 14, 2017, 10:21:36 PM

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

I think this is currently happening, but the degree or the magnitude will be very hard to say as of the moment, we can see that the price of dash is increasing astronomically and yet the price of bitcoin is still there playing around the corners of 16-17k per coin. Hope this will come true eventually, everyone will be happier then especially those who invested in Dash during early and cheap stages.

jago25_98

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Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

Topic: Bitcoin the New Gold & Dash for Payments? - page 2. (Read 245 times)