Daily use of bitcoin? - page 34. | Bitcointalksearch.org

Botnake

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Quote from: emezh10 on February 05, 2017, 06:23:56 AM

Quote from: Pursuer on January 16, 2017, 05:26:10 AM

Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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?

no.
bitcoin is not yet used as a regular currency to buy day to day things like a cup of coffee! but two things can be done here. one of them is using an off-chain service that doesn't work on the blockchain and transfers bitcoin to others who use that service.
the other one is checking the transaction that receiver receives to make a risk assessment. for example if it has enough fees, does it spending any unconfirmed input, does it have flags such as RBF, and many other factors and trust the payment without confirmation because nobody is going to double spend a couple of bucks on these type of tx.

I just want to share an app in my country coin.ph . In here you can do more on bitcoin , you can use it to paybills,convert it to peso or even make it as load. You can even buy online if you convert it . So in this app you make the most out of bitcoin . It's a wallet to at a same time . I wish that more apps like this will be created so it may attract business companies and be known to people , and soon use bitcoin as a money.

However, that is just a minor improvement, I am pretty sure you basic needs cannot be bought using our bitcoin directly. The time that we are waiting has not yet arrive, we have to see in the future that we can easily access what we need by the use of bitcoin. One example would be the grocery stores, if they can accept bitcoin as a mode of payment, I guess we can have convenience with using bitcoin on a daily basis.

ilovefeetsmell

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I don't have any idea about that. In our life today, it is easy to improve.

emezh10

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Quote from: Pursuer on January 16, 2017, 05:26:10 AM

Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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?

no.
bitcoin is not yet used as a regular currency to buy day to day things like a cup of coffee! but two things can be done here. one of them is using an off-chain service that doesn't work on the blockchain and transfers bitcoin to others who use that service.
the other one is checking the transaction that receiver receives to make a risk assessment. for example if it has enough fees, does it spending any unconfirmed input, does it have flags such as RBF, and many other factors and trust the payment without confirmation because nobody is going to double spend a couple of bucks on these type of tx.

I just want to share an app in my country coin.ph . In here you can do more on bitcoin , you can use it to paybills,convert it to peso or even make it as load. You can even buy online if you convert it . So in this app you make the most out of bitcoin . It's a wallet to at a same time . I wish that more apps like this will be created so it may attract business companies and be known to people , and soon use bitcoin as a money.

dearbesz1219

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For so many months for being here in this field of industry, bitcoin was such a good things to me. I used bitcoin as my alternative source since I left my job before, all my expenses like electric bill, water bill, prime commodities, and etc.All of these was being paid by bitcoin.

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Quote from: Grdas130979 on February 04, 2017, 08:37:25 PM

I dont think BTC will ever be used for everyday use, its just too valuable, who would spend it if he thinks it will go +100% in 2-3 years ? I think another alt or 2-3 alts will be used for everyday tasks

There are people who will spend regardless of the value of bitcoin, not all people are investors and I believe there are more volume of people who spends rather than those who invest. I doubt if more people will continue to hold once they see a good price, temptation is around the corner mate.

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I dont think BTC will ever be used for everyday use, its just too valuable, who would spend it if he thinks it will go +100% in 2-3 years ? I think another alt or 2-3 alts will be used for everyday tasks

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Quote from: deppil on February 04, 2017, 08:05:13 PM

Quote from: iMaster on February 04, 2017, 07:28:41 PM

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.

for now it seems to use bitcoin, and bitcoin spending each day will be quite difficult because not too many stores that accept bitcoin. but for the games seemed to be many vendors that accept bitcoin

If you mean game vendors, the only game vendor I know is Steam. Steam right now accepts just about anything. Just like in my country you can buy games and then later you will be charge in your phone bill depending on your network. That is what good about Steam they adapt when they think it is good for them. Usually popular sites or services just accept the popular payments and never adapt, but they don't know what it missing with them the chance to have more customers.

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Ugh. I don't--and wouldn't--pay for coffee with bitcoin. It just seems like a total waste.

My pay from my job comes to me in US dollars, not in bitcoin. Any bitcoin I get, there's a 90% chance I spent fiat dollars to buy it. So why would I go out of my way to buy bitcoin just so I could spend it, and then have to deal with ridiculous confirmation times on top of it? I wouldn't. I could see if my only source of income was a signature campaign, then yeah, I might be paying for coffee with bitcoin. But that isn't the case. There's nothing in my daily life that I pay for with bitcoin. And no one has convinced me as to why anyone should spend their bitcoin. I rarely see anyone making a good argument for that.

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Quote from: iMaster on February 04, 2017, 07:28:41 PM

I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.

for now it seems to use bitcoin, and bitcoin spending each day will be quite difficult because not too many stores that accept bitcoin. but for the games seemed to be many vendors that accept bitcoin

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Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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?

if you pay a little more than necessary to the transaction can be faster for confirmation, and I think because bitcoin transactions can not be canceled we did not have to wait because even though you've sent bitcoin and still 0 confirmation it is certain to be sent

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I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.

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Quote from: danherbias07 on February 02, 2017, 09:05:00 AM

Why not? Where are you from? I used it for mobile prepaid transactions and the good thing is there is a rebate everytime I use it. So there is profit in waiting for bitcoin to rise and more profit from that rebate. It never gets old for many are now doing business with me seeing I have the cheapest price of prepaid load.
It is not that big of a profit but still when you are earning it in bulks then you get a larger income. I think the Chinese people have that saying. "Cheap price but many customers" So it is still a win.

I am also doing the same, but on a much smaller scale. My officemates are my regular clients when it comes to prepaid mobile reload. As you said, it is not that much, but as you accumulate the rebates, it amounts to something bigger. You are able to be of help to others while you get to earn a little extra at the same time. It is like hitting two birds with one stone. I am also targeting bills payment because it gives higher rebates, although not everyone pays their bills on a daily basis.

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Quote from: chris200x9 on February 02, 2017, 12:42:25 PM

Quote from: Rishabh riyz on February 02, 2017, 12:09:16 PM

it would be great when people would start using bitcoins for daily use
but as per now it is not possible at least in my country
bitcoins is not that popular very few people know about it
people now prefer fiats only for daily use , it is accepted by everyone now
bitcoinis a good crypto currency now but only for online payment like paying for clouds, steam and for x box .
yah in future It is possible that people would use bitcoins , bitcoin has a great potential and in future it is possible that the mass would be using bitcoins for the mode of payment and government would also legalise it

The govt no need to accept bitcoin, we have facilities like bitcoin debit card, we can use this card like our local debit card. The amount will detect in the form of bitcoin. But only in few countries, this facility are there. They are using bitcoins for daily use. But other country people are converting BTC to fiat and using. This is a bit slow process maybe in future all country people will get this chance let's see.

Using a bitcoin debt card is the same as converting bitcoin to fiat and so using fiat. And with such card you are still using the traditional banking sytem (here Visa or Mastercard) and it's no different than 'our local card' since those cards are the same controlled by the same Network.

It's quite to use bitcoin daily for our offline life, without using any third party, online activities accepting bitcoin are more easy to find, generaly speaking

Quote from: YuginKadoya on February 02, 2017, 08:33:25 AM

Because bitcoin is not a main currency that other countries are use to see everyday and main stream media doesn't give a damn about bitcoin there are no advertisement about it, maybe in the U.S. and in the world of online media there are a slight reports about bitcoin but there are still a gap in people taking a huge grip about it,

You don't see the dollar promoted on TV or other media right ?

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Quote from: Rishabh riyz on February 02, 2017, 12:09:16 PM

it would be great when people would start using bitcoins for daily use
but as per now it is not possible at least in my country
bitcoins is not that popular very few people know about it
people now prefer fiats only for daily use , it is accepted by everyone now
bitcoinis a good crypto currency now but only for online payment like paying for clouds, steam and for x box .
yah in future It is possible that people would use bitcoins , bitcoin has a great potential and in future it is possible that the mass would be using bitcoins for the mode of payment and government would also legalise it

The govt no need to accept bitcoin, we have facilities like bitcoin debit card, we can use this card like our local debit card. The amount will detect in the form of bitcoin. But only in few countries, this facility are there. They are using bitcoins for daily use. But other country people are converting BTC to fiat and using. This is a bit slow process maybe in future all country people will get this chance let's see.

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it would be great when people would start using bitcoins for daily use
but as per now it is not possible at least in my country
bitcoins is not that popular very few people know about it
people now prefer fiats only for daily use , it is accepted by everyone now
bitcoinis a good crypto currency now but only for online payment like paying for clouds, steam and for x box .
yah in future It is possible that people would use bitcoins , bitcoin has a great potential and in future it is possible that the mass would be using bitcoins for the mode of payment and government would also legalise it

danherbias07

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Why not? Where are you from? I used it for mobile prepaid transactions and the good thing is there is a rebate everytime I use it. So there is profit in waiting for bitcoin to rise and more profit from that rebate. It never gets old for many are now doing business with me seeing I have the cheapest price of prepaid load.
It is not that big of a profit but still when you are earning it in bulks then you get a larger income. I think the Chinese people have that saying. "Cheap price but many customers" So it is still a win.

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Quote from: PhucS on February 01, 2017, 09:51:41 PM

Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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 also an obstacle, it can delay transactions, troubling. I think you should use Coinbase wallet and transactions carried out via email CoinBase then the transaction will be approved quickly. That's my experience. If you use Blockchain wallet , you should take a fee for the transaction, it will be approved quickly

You have a right suggestion if people will use online wallets which have automatic transaction fees setting then there will be no any chance of double spending of the same transaction as the transaction from those wallets do not cancel up. On these shops they have to make it compulsory to use these online wallets to pay for the goods they want to buy.

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Quote from: LibreMan on February 02, 2017, 05:22:47 AM

Quote from: abel1337 link=topic=1754310.msg17703844#msg17703844 datele=1486017622

I am using bitcoin every day and the result of my daily use of bitcoin is profits from my way of earning bitcoin using bitcoins. Im using my bitcoins mostly on trading and gambling to earn more bitcoins as the time goes. In withdrawing my bitcoins and converting it into local currency is mostly I do it every week to have cash to spend in my daily life.

Can you meet your daily basic needs with bitcoin? Market shopping, clothing needs etc.

I also use bitcoin as daily basic but only for internet life, for paying my cloud service, trading and offer a jobs. In real life i can't use bitcoin as daily payment

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Quote from: warwar on January 28, 2017, 08:09:34 AM

Quote from: YuginKadoya on January 28, 2017, 07:53:41 AM

Quote from: Rahar02 on January 28, 2017, 07:34:41 AM

Quote from: Michel de Montaigne on January 16, 2017, 04:56:32 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?

The transaction using bitcoin in daily expenses should be easier as there are many merchants accepted bitcoin and increase over time.
Bitcoiners understand about confirmation time that require in every spending, moreover there are a lot of wallet platforms which has different fees/incentive for miners. I have never encountered such problem as I using blockchain wallet. Maybe third party will provide services between seller and buyer for now, but we need faster confirmation if we expect more people interested to bitcoin.

There certainly are many merchant that accept bitcoin maybe in your country but not all places are the same, just like in our country that is pretty hard to accept and understand just the word bitcoin makes them want to scratch their heads well I think that transaction on bitcoin was not highly know by some people, although we can say that bitcoin are popular in some but not all can just grab on to it, you will need knowledge in earning and getting on with the rest of the community.

In our country too only few accepts bitcoin as payment and note some of it is in online and not on physical store. well i dont think that there are stores accepts bitcoin as payment in my country because when we talk about bitcoin others dont understand bitcoin is not really known here

Because bitcoin is not a main currency that other countries are use to see everyday and main stream media doesn't give a damn about bitcoin there are no advertisement about it, maybe in the U.S. and in the world of online media there are a slight reports about bitcoin but there are still a gap in people taking a huge grip about it,

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Quote from: Fireblade on February 02, 2017, 07:08:57 AM

Quote from: Doms on February 02, 2017, 12:27:18 AM

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Quote from: iqlimasyadiqa on January 28, 2017, 08:26:24 AM

Quote from: Mr.grin on January 28, 2017, 03:12:06 AM

for the moment, I do not use bitcoin every day. Well, I limit the use of bitcoin maybe 4 times per week. I do so I do not use bitcoin I have with quickly, because lately, I use bitcoin quickly, so it is very easy to run out. so, I limit their use.

it is one risk. we could easily spend money that we have. with bitcoin transactions can be done anywhere and anytime we are. we should really take advantage of bitcoin.

In my country, spednding bitcoin is so hard.Here no one shopkeeper didn't know about bitcoin, So the don't accept bitcoin as a payment processor.If I want to buy something, ifirstI have to sell my bitcoin with local currency and after that, I can spend that money for shopping.But i can spend my bitcoin online very easily.Its a plus point for me.

These are early days of bitcoin, and we can't really expect people to know much about bitcoin, especially merchants who are not that tech-savvy. The good thing is we are seeing improvements little by little. In my country, exchanges are now popping up left and right, they are expanding their services and accepting bitcoin as payment for mobile reload, utility bills, and partnered with international online shops that accept bitcoin. Five years from now, I think the number of merchants accepting bitcoin would more than double.

bitcoin is very new. it still require a lot of time to become more famous and when majority of people will start using bitcoin may be then they will find opportunities to use bitcoin in local shops buc currently most of the shops keepers are not accepting bitcoin because they have no idea about bitcoin. i think they also need good knowledge about bitcoin so that they can understand the importance of bitcoin and then they will also start accepting bitcoins.

That's correct. As you can see, on the digital world right now, most of the people are using bitcoin to trade and to buy things on the internet. Steam has also accepted Bitcoin is their system and I believe that in the few years later, we will witness a lot of remarkable events happening to Bitcoin.

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