Daily use of bitcoin? - page 18. | Bitcointalksearch.org

deisik

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Quote from: GreenBits on April 05, 2017, 10:54:13 PM

Quote from: deisik on April 05, 2017, 03:32:02 PM

Quote from: Pearls Before Swine on April 05, 2017, 02:58:16 AM

Quote from: n0ne on January 16, 2017, 06:18:45 AM

I don't think there is a need to wait for the confirmation, if a fee recommended or little above is paid you'll get faster confirmations. Other than this once after sending the receiver end gets the transacted amount under the unconfirmed transaction list. This itself helps the receiver a hope of receiving the payment.

And with a debit card you don't have to pay anything to move the transaction through. In fact, it's always instantaneous. And there's no need to buy another currency just to spend it. This is why no one is ever going to use bitcoin at Starbucks. On silk road yes, not not for your daily morning coffee

Things might change in nearest future

If instant off-chain transactions come about, there won't be any single reason to use the blockchain for so trivial things like buying a cup of coffee or tea (what you like most). That's I expect a tremendous boost in Bitcoin use all over the planet once these transactions become a reality. That will be a major milestone in the Bitcoin story. And that's also the reason why miners are heavily objecting to these transactions even though it should be crystal clear to anyone with a half working brain that instant payments will be a real breakthrough for Bitcoin ecosystem

I use a shift card for about 90 percent of my transactions, so while I'm using a debit card, technically it's bitcoin. So even on chain, I'm buying pretty basic shit already just given the fact that spending the Bitcoin is so much easier now (had this been a few years ago, I would have been relegated to selling the Bitcoin, or using giftcards purchased with Bitcoin.)

I'm afraid this is not quite so

When you buy things with your Bitcoin payment card the transactions you make certainly don't go to the blockchain. They are internal transactions, i.e. the company which issued your payment card (Coinbase in this case, if I'm not mistaken) just subtracts bitcoins from your wallet (according to the exchange rate it sets at the moment you make a purchase), but these debits will never appear on the blockchain as such. It is essentially the same when you transfer funds from your web wallet account to another account in the same web wallet. The funds are not moved anywhere (in fact, they are not even in your wallet if you check the wallet address, for example, via blockchain.info), and the changes in the balance you see just reflect the changes in the internal accounting system. You can easily see that the balance of your wallet on the blockchain is actually 0, while in your web wallet as it is shown to you it is not

gribble

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Quote from: joeydangerous on April 05, 2017, 01:49:00 PM

I hope that Bitcoin will get used by many more people other than us nerds..

Yes, all of comunity think same with you, unfortunately it is not will be easy because there are not many stores accept bitcoin for payment method, right now bitcoin be used for investments usually for trading bitcoin to fiat and trading altcoins to bitcoin and getting profit from trading.

bhadz

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Quote from: mirakal on April 05, 2017, 02:43:36 AM

Quote from: bhadz on April 04, 2017, 11:43:53 PM

Quote from: hankyulpark on April 04, 2017, 02:34:13 PM

I paid for airplane tickets with it, for an international trip. Also exchanged it to refill a pre-paid card to use at this trip, and in daily use. This happened in 2015 when BTC was ~$300. Since January 2016, I'm holding my BTC (a fair amount, IMO), hoping that it reaches $10.000 Grin

Wow for real? What website you used for buying your tickets for your journey? As of now, I'm using my bitcoins with popular service just like what others are saying here and that is with mobile prepaid. And for a monthly basis, I'm paying my monthly bills by using bitcoin which is very good in my feeling that helps me save a lot of time and money.

Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.
I think there will be more services to come in the near future, so let's keep pushing bitcoin to be more popular.

Oh yeah I forgot about google when it comes for searching out legit sites. But it's better if it will come from him. I might try to use that type of usage of bitcoin because it's one of my dream to travel abroad and it will be amazing if bitcoin will be the medium of payment of everything that I need for my travel, which looks unique.

iqlimasyadiqa

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Quote from: Fraxinus on April 05, 2017, 11:31:01 AM

It's pretty hard to use every day BTC and especially if you want to pay with it for everything you buy, I mostly use BTC to buy stuff online and for various services here,apart from that it's very hard to pay with BTC in a shop for example

I agree with you . bitcoin give us convenience in transacting onine. but offline is still arguably the best.
because while in most people are still not using bitcoin. because the use of bitcoin have to use devices such as smartphones.

GreenBits

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Quote from: deisik on April 05, 2017, 03:32:02 PM

Quote from: Pearls Before Swine on April 05, 2017, 02:58:16 AM

Quote from: n0ne on January 16, 2017, 06:18:45 AM

I don't think there is a need to wait for the confirmation, if a fee recommended or little above is paid you'll get faster confirmations. Other than this once after sending the receiver end gets the transacted amount under the unconfirmed transaction list. This itself helps the receiver a hope of receiving the payment.

And with a debit card you don't have to pay anything to move the transaction through. In fact, it's always instantaneous. And there's no need to buy another currency just to spend it. This is why no one is ever going to use bitcoin at Starbucks. On silk road yes, not not for your daily morning coffee

Things might change in nearest future

If instant off-chain transactions come about, there won't be any single reason to use the blockchain for so trivial things like buying a cup of coffee or tea (what you like most). That's I expect a tremendous boost in Bitcoin use all over the planet once these transactions become a reality. That will be a major milestone in the Bitcoin story. And that's also the reason why miners are heavily objecting to these transactions even though it should be crystal clear to anyone with a half working brain that instant payments will be a real breakthrough for Bitcoin ecosystem

I use a shift card for about 90 percent of my transactions, so while I'm using a debit card, technically it's bitcoin. So even on chain, I'm buying pretty basic shit already just given the fact that spending the Bitcoin is so much easier now (had this been a few years ago, I would have been relegated to selling the Bitcoin, or using giftcards purchased with Bitcoin.)

The future is looking increasingly brighter. Now if we can just move past this scaling obstacle..

michkima

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Quote from: mornabo on April 05, 2017, 07:47:41 PM

Quote from: Rajchandu on April 05, 2017, 05:06:18 AM

Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.

but usually sold are electronic. we may not be spending bitcoin every day just to buy electronics. maybe I'll be glad when the restaurant or food store that accepts bitcoin as a payment option. of course I'm going to use it every day

But it gets accepted more and more everyday, it's just a matter of time when we can buy other stuff aside from electronics and online services. Just have faith in bitcoins and for sure it'll get somewhere. Also, if it does get mass adopted then for sure prices will go up to unimaginable levels.

mornabo

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Quote from: Rajchandu on April 05, 2017, 05:06:18 AM

Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.

but usually sold are electronic. we may not be spending bitcoin every day just to buy electronics. maybe I'll be glad when the restaurant or food store that accepts bitcoin as a payment option. of course I'm going to use it every day

deisik

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English ⬄ Russian Translation Services

Quote from: Pearls Before Swine on April 05, 2017, 02:58:16 AM

Quote from: n0ne on January 16, 2017, 06:18:45 AM

I don't think there is a need to wait for the confirmation, if a fee recommended or little above is paid you'll get faster confirmations. Other than this once after sending the receiver end gets the transacted amount under the unconfirmed transaction list. This itself helps the receiver a hope of receiving the payment.

And with a debit card you don't have to pay anything to move the transaction through. In fact, it's always instantaneous. And there's no need to buy another currency just to spend it. This is why no one is ever going to use bitcoin at Starbucks. On silk road yes, not not for your daily morning coffee

Things might change in nearest future

If instant off-chain transactions come about, there won't be any single reason to use the blockchain for so trivial things like buying a cup of coffee or tea (what you like most). That's I expect a tremendous boost in Bitcoin use all over the planet once these transactions become a reality. That will be a major milestone in the Bitcoin story. And that's also the reason why miners are heavily objecting to these transactions even though it should be crystal clear to anyone with a half working brain that instant payments will be a real breakthrough for Bitcoin ecosystem

joeydangerous

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I hope that Bitcoin will get used by many more people other than us nerds..

Zyborg

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Quote from: Fraxinus on April 05, 2017, 11:31:01 AM

It's pretty hard to use every day BTC and especially if you want to pay with it for everything you buy, I mostly use BTC to buy stuff online and for various services here,apart from that it's very hard to pay with BTC in a shop for example

Right now we don't have a option to spend bitcoins directly to buy anything but things will change in future when bitcoin will become more popular among the people and we will find many merchants who will start accepting bitcoin as a payment method.

Winner

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Look ARROUND!

Quote from: Fraxinus on April 05, 2017, 11:31:01 AM

It's pretty hard to use every day BTC and especially if you want to pay with it for everything you buy, I mostly use BTC to buy stuff online and for various services here,apart from that it's very hard to pay with BTC in a shop for example

Using Bitcoin everyday isn't that hard to accomplish if you know how to efficiently use a computer. Bitcoin is only around so people could spend money to another person who has a Bitcoin Client installed on their computer system.
There's places like Gyft that allows people to spend their Bitcoins and get Giftcards in return so that the purchaser could use them within popular stores.
There is plenty of stores online that accept Gift Cards instead of cash.

Gyft:

Code:

https://www.gyft.com/

Fraxinus

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It's pretty hard to use every day BTC and especially if you want to pay with it for everything you buy, I mostly use BTC to buy stuff online and for various services here,apart from that it's very hard to pay with BTC in a shop for example

avikz

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Bitcoin is not at all a currency to use in our daily lives because of the confirmation clause. A transaction will have to be confirmed by a miner before it can be transferred to the designated receiver. This confirmation clause makes the bitcoin investment friendly and not for small transactions. If you want to buy something big with bitcoin, you won’t mind if the transaction takes more time, but that is not feasible for daily use for sure.

Also looking at the growth percentage of bitcoin from last few years, only a fool would want to spend bitcoin for a coffee. I treat bitcoin as an investment for the future and I think this is the right thing to do if you don’t belong from an affluent family.

YuginKadoya

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Quote from: thisappointed on April 05, 2017, 08:02:06 AM

Quote from: btcwonder1 on April 05, 2017, 04:57:59 AM

For now, it's not so convenient TBH. Although some stores, corporations, and businesses are starting to accept it as a form of payment, the number is still pretty low and you can't completely rely on Bitcoin for your daily transactions.

About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

It's not worth it also when we are going to spend in our everyday lives, I mean we could lose so much profit on it, since bitcoins price always fluctuating, that is why. It would be better if we are going to use fiat as long as we could, because bitcoin is just for really important purposes only, like when you wanted to buy some stuffs online and the only payment that they are accepting is bitcoin.

Other things is that, we could make profits when we are going to save and hold our bitcoin in our wallet in the long run.

Well we can use bitcoin just for saving up and just for the purpose of just that I thing everyone can do it and simply not exchange it to fiat for certain expenses, I know I am one of the guys if they had something on their bitcoin wallet if there are some expenses at hand I sometimes withdraw bitcoin for fiat to pay that bill or expenses needed, but if we can truly shut down in expecting much in your wallet and just save up on it we can surely sum up big! because of the value increase in bitcoin.

thisappointed

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Quote from: btcwonder1 on April 05, 2017, 04:57:59 AM

For now, it's not so convenient TBH. Although some stores, corporations, and businesses are starting to accept it as a form of payment, the number is still pretty low and you can't completely rely on Bitcoin for your daily transactions.

About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

It's not worth it also when we are going to spend in our everyday lives, I mean we could lose so much profit on it, since bitcoins price always fluctuating, that is why. It would be better if we are going to use fiat as long as we could, because bitcoin is just for really important purposes only, like when you wanted to buy some stuffs online and the only payment that they are accepting is bitcoin.

Other things is that, we could make profits when we are going to save and hold our bitcoin in our wallet in the long run.

BeGoods

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Quote from: Rajchandu on April 05, 2017, 05:06:18 AM

Bitcoin is popular now so bitcoin enthusiast do offer that services, one click in google and you will find sites that accept bitcoin for an international flight. I'm not into it yet since my budget would not allow me but like you I am also getting the benefits of paying my bills online with bitcoin.

You can find many sites that accept bitcoin as a payment option on the internet, and the day to day store that accepts bitcoin it will be more and more. we can use bitcoin on a daily basis

CODE200

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Quote from: Tanic on January 16, 2017, 06:02:12 AM

I heard that Starbucks already started to accept bitcoin as payment. I don't imagine how it work exactly, because of I have no place here that would accept bitcoin. But I think such transactions in place that work with bitcoin all operations provided as fast as with a card.

Wow for real ? Starbucks are now accepting bitcoin as payment ? Now i know where i will spend my bitcoins. I really love the coffee in Starbucks. And it will be Starbucks is my daily use in bitcoin.

dmamigo

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Quote from: noictib on April 05, 2017, 03:14:32 AM

Quote from: Michel de Montaigne on January 16, 2017, 05:56:32 AM

Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

This is not a big and complicated thing for us to wait until the confirmation done because in my opinion the bitcoin has also another options to get paid with confirmations .
Let take here the example of the zebpay , if you will pay the payment from zebpay to zebpay then you don't need to pay any charges and second thing you also don't need for the confirmation at all .
So here it is possible that in the future that any new service of the Blockchain or any of the shop of Starbucks launch from which we can pay like zebpay .

Certainly it is possible to transact freely in coming days, but the matter is whether the Physical Seller would accept it as a Payment. Even now, transacting or using Bitcoin is not that tough or an issue, I have some people who accepts BTC for their services, only if the payment is not urgent.

ggeorgiev

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High in a few countries like Argentina and Venezuela but low everywhere else. I think that ship may have sailed.

1Referee

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Quote from: btcwonder1 on April 05, 2017, 04:57:59 AM

About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

It's quite simple actually;

Go here > https://coffee.foldapp.com > click load Bitcoin > choose the amount you want to deposit (currently it supports amounts of $10 and $50) > then you'll get to see the exact amount in BTC that you need to pay, plus the address where you need to send the coins to.

As soon as your payment comes through, the barcode you'll see becomes your giftcard-like payment form that you can scan in Starbucks. Currently you're entitled to a 10% discount if you use Fold, so that is quite a decent deal.

After that you can cash out the remaining amount that you haven't used in BTC to one of your preferred addresses.

I must however note that it may not work everywhere as the Starbucks in your country must be able to accept USD based giftcards, but in most countries that is the case, but there may be some exceptions.

Topic: Daily use of bitcoin? - page 18. (Read 42430 times)