Daily use of bitcoin? - page 37. | Bitcointalksearch.org

Rahar02

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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?

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.

Kasabus

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Quote from: Lion BItcoin Shop on January 28, 2017, 03:23:56 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?

we need 3rd aplication to use bitcoin at daily life. but totally we can't use bitcoin.
we must exchange our bitcoin to make it accepted, because the bitcoin merchands is only few place avaible.

Likewise what i use today ,it still limited not all are still accepting it.I have to exchange it to fiat in order for me to buy something.Well,i can say that i used to use my bitcoin daily,there are emergency situations or somewhat it is badly needed it depend also of the availability of bitcoin i have.Using it daily is very helpful specially it is fast and easy way of transacting over everything.

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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?

we need 3rd aplication to use bitcoin at daily life. but totally we can't use bitcoin.
we must exchange our bitcoin to make it accepted, because the bitcoin merchands is only few place avaible.

streazight

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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.

Where you are using bitcoins weekly four times. I just wonder how you are resisting yourself from spending money?
I do not have enough and preferred merchants to spend my bitcoins at my wish. I just have only one option to save them. If I have options to spend I will keep on buying and using bitcoins for easy transactions.

Mr.grin

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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.

shield132

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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?

To my mind no, if we look at blockchain, we can see that there are so many transactions made in seconds... But as you said, confirmation needs some time and I want to say that it's not problem now. Some services offer us instant bitcoin payment when there is no need to wait for confirm, also others offer us 1 confirmation for payment and mostly you can get 1 confirmation in 2-3 minute. Also as I know foldapp offers instant payments from their wallets to their partniors like starbucks.

audaciousbeing

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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?

To the best of my knowledge, once one confirmation has been done, then the transaction is irreversible even if it will take 10 or 15 confirmations that should not be a problem. So rather than having to go to the shop every time for groceries, then I just have to take the list of everything I need and buy at once by that I will have to save enough time pending the confirmation period will be improved upon at the same time with adequate transaction fees, it becomes faster.

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Quote from: staceyoh on January 27, 2017, 07:54:17 PM

Bitcoin makes transaction. easier so maybe we can. use it in our daily needs.

He is talking about slow confirmation which becomes a huge problem when we do real life on the spot small transaction like buying coffee or doing small groceries.
To be honest currently buying groceries or paying for gas bill with bitcoin is going to be hard so currently might not be considered. However there are other alt coins which does fast confirmation. Maybe they might accept those as payment through crypto coins?

rozee

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daily use of bitcoin will affected because of slow transaction to get 1 confirmation to purchase or buy something is not easy for now so make sure to give more fees to miner at least 0.0005 btc or more to get faster transaction but its not promised the better way is patient to get 1confirmation if we already give higher fees

dotajhay

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The daily use of bitcoins to me is to buy online game items and other items in the internet using bitcoins and to buy cellphone load for my mobile and cashing it out to pay bills and for my tuition fee in the univesity and for food ofcourse.

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Bitcoin makes transaction
easier so maybe we can
use it in our daily needs.

lOvE mE forEvEr

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I am use bitcoin monthly not daily, I used bitcoin for paying electric, mortgage, and some home needs. After I know bitcoin, my life is better than before know bitcoin. I get bitcoin from trading, gambling, and little from signature campaign.

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Quote from: preevi on January 24, 2017, 02:21:35 PM

usually use bitcoin for my daily use is to buy some digital goods, any bills or pulse it can purchase easily at the site whch is offer the services and bitcoin is very helpfull to my daily need

For most of us who uses bitcoin find it hard to spend it and the only things we could buy are just digital things just like you said you do, we just use bitcoin for gambling buying software but not for daily needs, bitcoin has so much potential and people need to know that in order for it to become popular and be used in daily use.

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Quote from: Musent on January 24, 2017, 02:15:07 PM

Quote from: bestluck on January 24, 2017, 10:08:46 AM

Quote from: Tanic on January 23, 2017, 04:27:21 PM

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?

Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.

Very true. I remember when a friend introduced it to me, I dont even have the slightest idea to what it is. Before I always prefer cash and I do not even have a credit card, I dont even use my ATM for my groceries. I always go to an ATM machine first before buying what I need.
Some might have changed in me but what about those millions of people around me. Do they even have an idea? That is the problem here.

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Quote from: Tanic on January 23, 2017, 04:27:21 PM

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to

cash out your coins once per week or month or whenever you like and pay with fiat as usual?

I don't agree with your view because any time you convert from bitcoin to fiat and vice versa there are fees. Moreover, there are so many cases where bitcoin is by far the most advantageous way to pay. For example someone wants to buy from online shops which most times are more cheap than brick–and–mortar ones because the latter have generally more expenses. In addition many times is better someone does not hold cash because there is an increased risk of theft.

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Quote from: iqlimasyadiqa on January 24, 2017, 10:14:44 AM

there must be a confirmation for each transaction. This is currently one of the issues that is enough to occupy a lot of elements. because until now shipping confirmation bitcoin takes longer. everything is being repaired and bitcoin appropriate for use in their daily lives.

The number of confirmations that are required will depend on the merchant. Certainly there are merchants who request several confirmations. I think this is one of the first problems that must be resolved before Bitcoin becomes mainstream.
The good thing is that there are solutions to this, like Lightning Network, but I think this is a feature that requires SegWit activation to happen.

revans

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Quote from: lite on January 24, 2017, 03:01:08 PM

Quote from: Musent on January 24, 2017, 02:15:07 PM

Quote from: bestluck on January 24, 2017, 10:08:46 AM

Quote from: Tanic on January 23, 2017, 04:27:21 PM

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?

Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.

Yeah. people have developed a habit of using debit/credit card because it's been there for long time. they need to change their habit and start using bitcoin lol. it will probably take time to move towards bitcoin, but eventually it will happen. using bitcoin is much more easy and fast.

Agreed that bitcoin transactions are easy and fast but only people who are using it are aware about it and there are many people who haven't even heard about bitcoin yet and in that case it will be hard to convince them to switch to bitcoins as its not easy for someone to switch to something which totally new for them.

lite

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Quote from: Musent on January 24, 2017, 02:15:07 PM

Quote from: bestluck on January 24, 2017, 10:08:46 AM

Quote from: Tanic on January 23, 2017, 04:27:21 PM

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?

Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.

Yeah. people have developed a habit of using debit/credit card because it's been there for long time. they need to change their habit and start using bitcoin lol. it will probably take time to move towards bitcoin, but eventually it will happen. using bitcoin is much more easy and fast.

preevi

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usually use bitcoin for my daily use is to buy some digital goods, any bills or pulse it can purchase easily at the site whch is offer the services and bitcoin is very helpfull to my daily need

Musent

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Quote from: bestluck on January 24, 2017, 10:08:46 AM

Quote from: Tanic on January 23, 2017, 04:27:21 PM

I don't know why are you seeking hard ways for your life. As cashing out bitcoins as paying with them directly - you need to pay fees.so I don't understand why just not to cash out your coins once per week or month or whenever you like and pay with fiat as usual?

Nowadays people are more busy in their daily job/businesses etc so they do not want to go through any long series procedures they will want direct use of bitcoin and I know that the use of bitcoin is more easy that any fiat because people do not want to carry much fiat because of the security reasons.

There is no doubt that nowadays people prefer cashless transactions but the fact is not many people are aware about bitcoins yet and that is the reason they prefer to go for debit/credit card transactions for making purchases either online or offline as they are used to it and using since long time.

Topic: Daily use of bitcoin? - page 37. (Read 42452 times)