From the discussion posted before me, if you have only concerned about fees, then you would just use the least expensive of any of the mentioned payment processes. You cannot escape it entirely the charges because of the need for different methods and energy consumption of computers and mining rigs, etc.
I hope you wouldn't be so cynical about this because there are a lot of friendly things that custodial wallets that are easy to use, and transactions are free if you are sending it to another account in the same corporation. There is always a way.
Topic: Here is the biggest problem with cryptos - page 3. (Read 615 times)
I can tell from your post that you never wrote any code in your life, because if you did, you'd know that this "problem" of yours is trivial and has been solved since the early days of Bitcoin. Today merchants can use tools like BTCPayserver to take care of receiving payments without any pains of hosting their own full node or dealing with third parties, but even in the past it was easy to hook into an SPV wallet and handle incoming transactions.
You think paypal and credit card processing is free?
Lol, that's the first thing I thought of. But the thing with bitcoin is that even if there's a small fee for the merchant to pay for a processing service, there's also the transaction fee that the sender has to pay--and sometimes that fee can be low for a reasonable confirmation time and sometimes not. In any case, I'm not surprised in the least that more merchants haven't offered crypto as a payment method. I don't care what the hardcore bitcoiners think, there's just no advantage to using crypto to buy everyday goods & services. Fiat generally works just fine, and people are familiar and comfortable with it. If you're looking to conceal your identity in a financial transaction, then crypto comes in handy. Other than that, there are a lot of problems with crypto that prevent it from being used widely.
First of all, we are talking about much cheaper money sending, plus it is also faster if you take into consideration the fact that when you get paid with paypal it goes to your account but never really to your hand to spend, that takes time to be confirmed, in bitcoin that is fast as well.
Secondly the cheap part is so much different that if you want to sell something big, with fiat you are not going to be doing that for that cheap, it is 2% most of the time, and that is a huge chunk of your profit, with bitcoin it could be 2% if you charge something small, but it could also be 0.001% if you are receiving something big, or you could just use an altcoin and make it very cheap. So, there is some stuff that it solves. However bitcoin wasn't created so you can sell stuff with it, that wasn't the purpose.
Secondly the cheap part is so much different that if you want to sell something big, with fiat you are not going to be doing that for that cheap, it is 2% most of the time, and that is a huge chunk of your profit, with bitcoin it could be 2% if you charge something small, but it could also be 0.001% if you are receiving something big, or you could just use an altcoin and make it very cheap. So, there is some stuff that it solves. However bitcoin wasn't created so you can sell stuff with it, that wasn't the purpose.
I'm one of those suckers that evaluate incoming CVs to make sure the companies I work with hire competent web developers.
Well evaluate ... how is stopping you ...
When you reach that point in life like i did you can afford to Say to as...holes: Go f...uk yourself and your job !
It takes a long time and a lot of experience in your area to say that ...
It's called the Layer Cake
https://www.youtube.com/watch?v=FSborxD6avQ
Why do it feels like you don't understand how it works?
The community is even trying hard to minimize the transaction fees by encouraging users to use Segwit wallet but of course there will always be 3rd party just as you make transactions thru credit cards.
I am talking about some old guy trying to sell his products...
granny is now too busy doing freelance contracting work in finance, no time for selling lemonade anymore.
granny is now too busy doing freelance contracting work in finance, no time for selling lemonade anymore.
I really hope your one of does suckers that will hold bitcoin when all the people will know the truth about btc ... i pray you buy more and put all your fortune in btc ...
You have been in the community for a time but knows a different truth about BTC, its amazing that its possible that you look at it differently.
Well here is another problem for you :
Minimum Requirements
https://bitcoin.org/en/full-node#costs-and-warnings
Blockchain size:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
Each year to run a full node you need more space and more processing power ,do to fact more transactions are added to the blockchain etc ...
Minimum Requirements
https://bitcoin.org/en/full-node#costs-and-warnings
Blockchain size:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
Each year to run a full node you need more space and more processing power ,do to fact more transactions are added to the blockchain etc ...
Wait, does your Granpa which can't even paste his address in his website wants to run a full node with a poor hardware?
Why the hell would your 80year old Granpa want to run a full node?
You know you don't need to run a full node to receive and send payments, right?
You can read about them here. SPV (Simplified Payment Verification)
https://en.bitcoinwiki.org/wiki/Simplified_Payment_Verification
Quote
Simplified Payment Verification (SPV) – using Bitcoin without running a full network node. By default, upon receiving a new transaction a node must validate it: in particular, verify that none of the transaction's inputs have been previously spent. To carry out that check the node needs to access the blockchain. Any user who does not trust his network neighbors, should keep a full local copy of the blockchain, so that any input can be verified.
As noted in Nakamoto's whitepaper, it is possible to verify bitcoin payments without running a full network node. And this is called simplified payment verification or SPV. A user or user’s bitcoin spv wallet only needs a copy of the block headers of the longest chain, which are available by querying network nodes until it is apparent that the longest chain has been obtained. Then, wallet using spv client get the Merkle branch linking the transaction to its block. Linking the transaction to a place in the active chain demonstrates that a network node has accepted it, and blocks added after it further establish the confirmation.
As noted in Nakamoto's whitepaper, it is possible to verify bitcoin payments without running a full network node. And this is called simplified payment verification or SPV. A user or user’s bitcoin spv wallet only needs a copy of the block headers of the longest chain, which are available by querying network nodes until it is apparent that the longest chain has been obtained. Then, wallet using spv client get the Merkle branch linking the transaction to its block. Linking the transaction to a place in the active chain demonstrates that a network node has accepted it, and blocks added after it further establish the confirmation.
I am talking about some old guy trying to sell his products...
granny is now too busy doing freelance contracting work in finance, no time for selling lemonade anymore.
granny is now too busy doing freelance contracting work in finance, no time for selling lemonade anymore.
I really hope your one of does suckers that will hold bitcoin when all the people will know the truth about btc ... i pray you buy more and put all your fortune in btc ...
I'm one of those suckers that evaluate incoming CVs to make sure the companies I work with hire competent web developers.
Nah, I think you just don't understand how bitcoin work. Granny can give the address to Timmy before she sleeps.
If Granny were using a bank account, she would need to give her account information before going to be also, otherwise she would have to woke up in the middle of the night. lol
Your another of those that telling people that Bitcoin is Jesus and the rest of us are morons ... you are blinded if you don't see the problem ... or you invested in btc
Well here is another problem for you :
Minimum Requirements
https://bitcoin.org/en/full-node#costs-and-warnings
Blockchain size:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
Each year to run a full node you need more space and more processing power ,do to fact more transactions are added to the blockchain etc ...
That means avg tech guy will not be able to afford to host a bitcoin node or to mine btc... even now it is expensive ...
So who will host the nodes and mine ? The big corporations and after govs ...
The bigger it will get the more power the govs will have ... do to fact they got computing power ...
Now it's just a matter of time ...
So here is the irony : Bitcoin from a decentralized coin will become centralized ...
The idiots that will have btc in their wallets when corporations and govs take over will have a bunch of worthless numbers .
Bitcoin is a Ponzi/Pyramid scheme.
This is the truth !
I am talking about some old guy trying to sell his products...
Example 1: he places an ad in the newspaper : I made a digital book send xyz BTC to address ABC ,once payment is sent you can download the book ...without the need for him to install complex software or to use third party ...
Example 1: he places an ad in the newspaper : I made a digital book send xyz BTC to address ABC ,once payment is sent you can download the book ...without the need for him to install complex software or to use third party ...
holup.
guy places ad in the newspaper... for a digital book... by posting his BTC address... so usually he would post his bank account info instead?
guy knows how to create a digital book... but is unable to learn how to use a Bitcoin wallet.
what.
Example 2:
Granny is making cherry jams she wants to sell her cherry jams on facebook ... if she gives the address like you gave example how the f...k does she knows that Aunt Selma sent her 10 usd for a jar of Cherry Jam ? (Granny does not have time to go p2p with each client she is 80 ,she is making Cherry Jams ,and has to deliver the Cherry Jams)
Granny is making cherry jams she wants to sell her cherry jams on facebook ... if she gives the address like you gave example how the f...k does she knows that Aunt Selma sent her 10 usd for a jar of Cherry Jam ? (Granny does not have time to go p2p with each client she is 80 ,she is making Cherry Jams ,and has to deliver the Cherry Jams)
I guess because aunt selma send her a message like "hey granny I just sent you 10 usd for a jar of cherry jam"? I mean how else would they tell granny where to send the cherry jam. also what sort of corporate hellscape empire is granny running if she ain't even got time for customer support?
Also Timmy is in the USA and Granny in Germany ...Timmy has to wake up Granny in the middle of the night to send her BTC for a jar of Cherry Jam like you want to...
what the hell timmy, let granny sleep. don't you know she'll see the transaction when she wakes up in the morning to prep the packages? jesus fucking christ now granny also has to instant ship her packages? is her last name bezos or sumthin?
I know you Germans... i got one in the family ... you got no humor ,you are f...king robots ,only logic and reason in your minds ... you can't think like normal humans 
i'm not a German, buddy. I do have a lot of friends there though.
apart from that, dude, you really gotta work on your business cases. even the fictional ones. no wonder you're swimming in that economy. jesus christ.
So you got granny's integrating credit card payment gateways? Or how else is granny accepting credit card payments for her lemonade?
Worse of all, she is not even selling lemonade!
granny is now too busy doing freelance contracting work in finance, no time for selling lemonade anymore.
You must be one of does rich snobs...
Here is an example :
https://www.youtube.com/watch?v=zNK2SsEkGmo
When there will be no more law and order or police , i will come to your house take all your stuff and your girlfriend/wife ,just so i make you live like the 90% of the world population...
Here is an example :
https://www.youtube.com/watch?v=zNK2SsEkGmo
When there will be no more law and order or police , i will come to your house take all your stuff and your girlfriend/wife ,just so i make you live like the 90% of the world population...
Oh, so because you have found one example, we shouldn't adopt this technology as it can't suit everybody, even if they don't have internet or electricity around there.
Does your grandma in this example use Paypal? Or a Credit/Debit card? If not then you should drop them and never use them again as it's impossible for them to become used worldwide.
Let's also bring down all the satellites as a billion people don't have a tv!
,only logic and reason in your minds ... you can't think like normal humans
Normal human like you being illogical and unreasonable? Got it! Man I wish I was german!
My father is even downloading movies via utorrent
Assuming that your father lives in Germany -- does that mean he uses a VPN, or does he simply have balls of steel? The assumption is wrong as almost very post that guy makes, I do live in central Europe but I'm not German, a little bit more to the southeast.
But anyhow, he does know how to use a VPN, I thought him that in order to avoid clips who are not displayed on YT because of regional copyright claims and when the new GDPR law came in and a lot of US newspaper decided to cut us off rather than trying to deal with European laws and traffic.
So you got granny's integrating credit card payment gateways? Or how else is granny accepting credit card payments for her lemonade?
Worse of all, she is not even selling lemonade!
I am talking about some old guy trying to sell his products...
If that old guy cannot do this simple line of code and download a proper wallet, he should not be selling his products.
It is much harder than this line to accept paypal or accept visa in your website. Bitcoin is easier than those methods online. Easier and cheaper.
Quote
Example 1: he places an ad in the newspaper : I made a digital book send xyz BTC to address ABC ,once payment is sent you can download the book ...without the need for him to install complex software or to use third party ...
If he uses any decent wallet, the wallet will pop up in his mobile when he receives funds. No need for complex software.Quote
Also Timmy is in the USA and Granny in Germany ...Timmy has to wake up Granny in the middle of the night to send her BTC for a jar of Cherry Jam like you want to...
Nah, I think you just don't understand how bitcoin work. Granny can give the address to Timmy before she sleeps.
If Granny were using a bank account, she would need to give her account information before going to be also, otherwise she would have to woke up in the middle of the night. lol
For a merchant should be simple as sending a link to someone
http//myserver.com/myaddress/payme ---> client pays --> and files released or notification send to email ...
http//myserver.com/myaddress/payme ---> client pays --> and files released or notification send to email ...
Don't worry, I gotcha:
Code:
Hi,
Please sentto .
Thank you,
Not that hard now, is it? Book keeping and taxes are more complicated than requesting a payment in Bitcoin. If requesting your payments in Bitcoin were that hard, ransomware wouldn't be such a booming business. If some random cyber criminal can tell their "customers" how to send them money, so can anyone else.
Tell granny about electrum ... i am talking about making crypto available to all...even a 12 years old kid should be able to sell his digital paintings using crypto easy ,or a 80 years old ,without anyone else configuring servers etc ...
So you got granny's integrating credit card payment gateways? Or how else is granny accepting credit card payments for her lemonade?
My father is even downloading movies via utorrent
Assuming that your father lives in Germany -- does that mean he uses a VPN, or does he simply have balls of steel?
I am talking about some old guy trying to sell his products...
Example 1: he places an ad in the newspaper : I made a digital book send xyz BTC to address ABC ,once payment is sent you can download the book ...without the need for him to install complex software or to use third party ...
Example 2:
Granny is making cherry jams she wants to sell her cherry jams on facebook ... if she gives the address like you gave example how the f...k does she knows that Aunt Selma sent her 10 usd for a jar of Cherry Jam ? (Granny does not have time to go p2p with each client she is 80 ,she is making Cherry Jams ,and has to deliver the Cherry Jams)
Also Timmy is in the USA and Granny in Germany ...Timmy has to wake up Granny in the middle of the night to send her BTC for a jar of Cherry Jam like you want to...
I know you Germans... i got one in the family ... you got no humor ,you are f...king robots ,only logic and reason in your minds ... you can't think like normal humans
For a merchant should be simple as sending a link to someone
http//myserver.com/myaddress/payme ---> client pays --> and files released or notification send to email ...
http//myserver.com/myaddress/payme ---> client pays --> and files released or notification send to email ...
Don't worry, I gotcha:
Code:
Hi,
Please sentto .
Thank you,
Not that hard now, is it? Book keeping and taxes are more complicated than requesting a payment in Bitcoin. If requesting your payments in Bitcoin were that hard, ransomware wouldn't be such a booming business. If some random cyber criminal can tell their "customers" how to send them money, so can anyone else.
Tell granny about electrum ... i am talking about making crypto available to all...even a 12 years old kid should be able to sell his digital paintings using crypto easy ,or a 80 years old ,without anyone else configuring servers etc ...
So you got granny's integrating credit card payment gateways? Or how else is granny accepting credit card payments for her lemonade?
My father is even downloading movies via utorrent
Assuming that your father lives in Germany -- does that mean he uses a VPN, or does he simply have balls of steel?
Why would a grandpa in his 80's want to run a lemonade shop? How many of those cases do you know?
You must be one of does rich snobs...
Here is an example :
https://www.youtube.com/watch?v=zNK2SsEkGmo
When there will be no more law and order or police , i will come to your house take all your stuff and your girlfriend/wife ,just so i make you live like the 90% of the world population...
That's not an online store now, is it.
Why would a grandpa in his 80's want to run a lemonade shop? How many of those cases do you know?
You must be one of does rich snobs...
Here is an example :
https://www.youtube.com/watch?v=zNK2SsEkGmo
When there will be no more law and order or police , i will come to your house take all your stuff and your girlfriend/wife ,just so i make you live like the 90% of the world population...
Stop insulting ... or i will insult you ... first of all you dumb...
No wonder you don't get it your German ...
No wonder you don't get it your German ...
When you have no arguments, you resort to language, no wonder you lose all your possible clients if you get triggered this way
80 years old people can't even connect to wi-fi on a smartphone ...other people just don't like technology ... if you want crypto value to increase and to become a real currency it has to be used by all ...not by some morons that read a few tutorials online and now they are crypto experts ...
My father is ~70 and my mother~60
They both have smartphones, they both can use a laptop with wi-fi, they both run their business, they can send their partners offer and requests via mails and Whatsapp, and they both have google pay on their smartphone.
My father is even downloading movies via utorrent
That argument about the old generation is pretty stupid.
Oh, and don't take my word, ...look at our eldest member here, 78 and a happy bitcoin user.
Explain to grandpa Joe how to config a vps ,upload a node via ssh etc and then add bitcoin to his website to sell his lemonade ... genius !
Why would a grandpa in his 80's want to run a lemonade shop? How many of those cases do you know?
Here is the biggest problem with cryptos that no one is focusing on
If you want to sell digital goods or if you need a notification on your shop that client made payment you have to use a third party or a node or a smart contract
If you want to sell digital goods or if you need a notification on your shop that client made payment you have to use a third party or a node or a smart contract
This is not true. You can search for free any block explorer to see if the payment happened.
And many wallets notifies the user when he receives credits.
Electrum (from electrum.org) shows a popup in the desktop when I receive a new transaction. I can almost guarantee that it does the same in mobile version
Quote
https://electrum.readthedocs.io/en/latest/faq.html
The client subscribes to its own addresses (nit: sha256 hashes of scriptPubKeys) so that it would be notified of new transactions touching them. It also synchronizes the existing history of its addresses. This means the client sacrifices some privacy to the server, as the server can now reasonably guess that all these addresses belong to the same entity.
The client subscribes to its own addresses (nit: sha256 hashes of scriptPubKeys) so that it would be notified of new transactions touching them. It also synchronizes the existing history of its addresses. This means the client sacrifices some privacy to the server, as the server can now reasonably guess that all these addresses belong to the same entity.
Your "biggest" crypto problem is a just a bad software you are using.
Most of you don't get it
not all merchants are tech guys like us ...
For a merchant should be simple as sending a link to someone
http//myserver.com/myaddress/payme ---> client pays --> and files released or notification send to email ...
Tell granny about electrum ... i am talking about making crypto available to all...even a 12 years old kid should be able to sell his digital paintings using crypto easy ,or a 80 years old ,without anyone else configuring servers etc ...
You think paypal and credit card processing is free?
Those 2 also come with a cost. AFAIk each of those takes a % of the transaction for themselves.
For example ebay. If you buy something for $1, 33 cents goes to paypal. On top of that, ebay will also charge you a fee.
Those 2 also come with a cost. AFAIk each of those takes a % of the transaction for themselves.
For example ebay. If you buy something for $1, 33 cents goes to paypal. On top of that, ebay will also charge you a fee.
I am talking about how easy it is for merchant to use does ... not about fees ...
It's easy because it's been around for decades. The first itteration of paypal buttons some 10+ years ago were also a pain to set up + paypal didn't support many many countries.
It'll get easier with crypto soon. Actually, there already are easy solutions, you just don't know them
You think paypal and credit card processing is free?
Those 2 also come with a cost. AFAIk each of those takes a % of the transaction for themselves.
For example ebay. If you buy something for $1, 33 cents goes to paypal. On top of that, ebay will also charge you a fee.
Those 2 also come with a cost. AFAIk each of those takes a % of the transaction for themselves.
For example ebay. If you buy something for $1, 33 cents goes to paypal. On top of that, ebay will also charge you a fee.
I am talking about how easy it is for merchant to use does ... not about fees ...
I don't call it a problem, that's the reality, no business would operate without a cost, so they will also charge to get their revenue.
Simple common sense, revenue - expenses = profit. that's always the formula, don't expect something free, because that is not legit.
Simple common sense, revenue - expenses = profit. that's always the formula, don't expect something free, because that is not legit.
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