I can't use bitcoin buying a coffee now. - page 5.

LuanX3

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Quote from: Vaskiy on April 11, 2017, 09:00:24 PM

For a long time Starbucks was found accepting bitcoin for their service. But several news came regarding the same that those are very expensive and cannot be affordable for common people. I suggest there are lots to be done with bitcoin other than buying goods and foods. Try to focus on such activities and profit out of it.

Interesting that starbucks, if they really did, offer their coffee for bitcoins. I just can't really imagine yet how things would go if there are services that already accepts bitcoins as payment in the real world. Especially, when bitcoins is not instantaneous. The merchant has to wait for confimations before he gives his service.

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For a long time Starbucks was found accepting bitcoin for their service. But several news came regarding the same that those are very expensive and cannot be affordable for common people. I suggest there are lots to be done with bitcoin other than buying goods and foods. Try to focus on such activities and profit out of it.

Sadlife

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You dont have to stop buying coffee cause there are other ways to buy it
Like:
Converting your bitcoins into your fiat currency in advance so when you feel like drinking coffee you can easily do so.
Convert your bitcoin into other crypto currency.

Once UASF is been implemented all the delay well go away.

Inkdatar

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I understand what youre saying, fiat is the best for me for buying stuffs instead of bitcoin. Though theres no yet stores here that accept bitcoin, but as I observed its too long for the confirmation once you send a bitcoin. So its bet Ill used fiat by buying still.

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Quote from: arimamib on April 11, 2017, 08:22:35 PM

Quote from: kvlolo on April 11, 2017, 09:17:17 AM

I used to buy a coffee from time to time with bitcoin.
But I can't use bitcoin buying a coffee now, because the fee is so high, if I keep 0.0001 fee like before, it would take days for the transaction to get confirmed, I've got a transaction which took 11 days to get the 1st confirmation last month.
It's not cost-effective any more to buy (I mean both online and buying face to face) thing via bitcoin. And this is why I quit buy coffee with bitcoin.

I think as long as you buy something to someone, and you have TXID, your transaction is secure because it has to be said balance will actually go 100% into the address of the seller . dan it was not a problem

I don't understand but still, I think it's okay to buy even for a higher transaction but not up to the point where the pice of the transaction would go higher than the price of the thing you are buying for. It's just not right. It's better to use fiat than bitcoin or some cryptocurrency.

arimamib

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Quote from: kvlolo on April 11, 2017, 09:17:17 AM

I used to buy a coffee from time to time with bitcoin.
But I can't use bitcoin buying a coffee now, because the fee is so high, if I keep 0.0001 fee like before, it would take days for the transaction to get confirmed, I've got a transaction which took 11 days to get the 1st confirmation last month.
It's not cost-effective any more to buy (I mean both online and buying face to face) thing via bitcoin. And this is why I quit buy coffee with bitcoin.

I think as long as you buy something to someone, and you have TXID, your transaction is secure because it has to be said balance will actually go 100% into the address of the seller . dan it was not a problem

FasTroy

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I think paying with bitcoin for a cheap things is useless when you paying a high fees to get your transactions confirmed. So i think it's really nice to use it when you pay in expensive things. This is my opinion.
By the way, it's really good to pay with bitcoin to buy some things like coffee or pizza etc..

The One

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Quote from: xypos on April 11, 2017, 09:59:12 AM

I cannot grasp the idea, why would anyon think that bitcoin has been created to pay for coffee at the cafe?

It was created to revolutionize the payment system, and financial sector, but the way to pay by bitcoin for cofee is still far in the future.

It doesnt make sense because of the fee size, so you need to decrease it somehow-but you simply cant.

I would just prefer to use regular cash, or convert my crypto to fiat, just to pay for coffee right?
It isn't hard for me to understand that some people are very happy that bitcoin payment is available in some of the shops, but I dont think that this example is a best use I couls imagine.

The value of Bitcoin will not increase if the adoption rate does not increase. Buying things in shops will increase the adoption rate. Fixing the problems of fees is easy peasy that any child can do. The developers are behaving like an idiot at the moment.

ImHash

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Then don't, it's not like someone holding a gun to your head forcing you to pay with bitcoin for a stupid purchase such as buying coffee.
I don't know why people are so ungrateful? bitcoin with blockchain is here to change the fundamental of the concept which we know as
Currency/ economy/ banking system not for petty things like daily small purchases.
What is bitcoin right now? you should see it and expect from it as it is not something that it's not.
Imao, people should only use bitcoin when they want to transfer amounts higher than $100 as a minimum, then paying $0.5-$1 for a fee shouldn't hurt that much.

Imho, developers should propose a change to the system where everyone (miners/ nodes/ total consensus) agree on a permanent change to accept a fixed fee per byte of data equal to USD worth of satoshi per byte, I'm not good with math but it should be something like if I used to pay $0.2 for a 200 bytes transaction then no matter what the price of bitcoin would be I must be able to pay 20 cents in satoshi each and every time transacting the same size.

If miners really want a everlasting and strong currency backed by community then I don't think they refuse to do this.

Dimelord

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Quote from: kvlolo on April 11, 2017, 09:17:17 AM

I used to buy a coffee from time to time with bitcoin.
But I can't use bitcoin buying a coffee now, because the fee is so high, if I keep 0.0001 fee like before, it would take days for the transaction to get confirmed, I've got a transaction which took 11 days to get the 1st confirmation last month.
It's not cost-effective any more to buy (I mean both online and buying face to face) thing via bitcoin. And this is why I quit buy coffee with bitcoin.

Thats very sad to hear that you are not able to buy coffee using bitcoins.I think these things would only remain as pleasant memories in our life.If we find any practical solution to solve this higher fees,then bitcoin would progress more quickly.

Nahl

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this is the reality and as the bitcoiners you must facing and accept it but may i know that how much the price a cup of coffee in your country actually indeed the fees was too high currently but i think a cup of coffee still more expensive rather than the fees for each transactions

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Quote from: iram3130 on April 11, 2017, 12:30:24 PM

Quote from: bamboylee on April 11, 2017, 11:49:43 AM

Sad but true. We cannot use bitcoin for micro payments right now. The fees are painfully high and the confirmation time painfully too long. I have a transaction that took a day to confirm even when I paid a decent amount of fee and the unconfirmed transactions on the Blockchain is low.

We have to find a solution to this situation. It's a problem to everyone, as people are leaving Bitcoin because of these problems. I used to order pizza, which I can't do now because of too high fees, I can buy a side dish with that fees and even after paying that, the confirmations will take a day.
That's really sad for Bitcoin and its long term supporters.

If you're not a miner the problems kinda out of hand. Too little things to contribute. The biggest helpout so far for this is the transaction accelerator of

viabtc but unfortunately they have a limit of 100 and many people from all over the world are using it so the chances are you gotta wait for another minute

and come again. Honestly if its just micro transactions. I would prefer to just use the usual fiat because price will increase sooner or later you gotta pay a

low amount of satoshi for that.

OrangeII

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Well, this time, a fee of bitcoin transactions is quite high. I am pretty sure that this is also due to the transaction so much, and pending confirmation. it may be better to put off buying coffee premises bitcoin, and bitcoin began to herd you have, until the transaction has become a small fee.

iram3130

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Quote from: bamboylee on April 11, 2017, 11:49:43 AM

Sad but true. We cannot use bitcoin for micro payments right now. The fees are painfully high and the confirmation time painfully too long. I have a transaction that took a day to confirm even when I paid a decent amount of fee and the unconfirmed transactions on the Blockchain is low.

We have to find a solution to this situation. It's a problem to everyone, as people are leaving Bitcoin because of these problems. I used to order pizza, which I can't do now because of too high fees, I can buy a side dish with that fees and even after paying that, the confirmations will take a day.
That's really sad for Bitcoin and its long term supporters.

Mometaskers

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I'm not so much into the technical details but yeah, the high tx fees and long confirmation will make microtransactions not satisfactory for a long time. We won't be able to use it for such stuff until these are fixed and so we'd still need to have fiat on standby for buying goods. And to think they used to pay more than a dozen bitcoins for pizza.

Looks like we are still a long way to go from the dream of being financially free of state, only using bitcoins for transactions.

bamboylee

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Sad but true. We cannot use bitcoin for micro payments right now. The fees are painfully high and the confirmation time painfully too long. I have a transaction that took a day to confirm even when I paid a decent amount of fee and the unconfirmed transactions on the Blockchain is low.

gentlemand

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It seems to have been an early meme, the old buy coffee for cheap and/or free.

That's an angle that really never should have been pushed as it's obvious the fee situation was going to arrive eventually. I'm surprised at the speed it has arrived, but as many others have pointed out, using thousands of computers to store your coffee transaction for all eternity is a bit extravagant.

mobnepal

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Quote from: kvlolo on April 11, 2017, 09:17:17 AM

It's not cost-effective any more to buy (I mean both online and buying face to face) thing via bitcoin. And this is why I quit buy coffee with bitcoin.

Yes it is not and soon coinbase and xapo like centralized payment processors may become first choice for both coffee shops and users to pay without fee. But we can't say this off-chain transactions as true bitcoin transactions.

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Quote from: Quantus on April 11, 2017, 11:38:23 AM

My understanding is if we want Bitcoin to have micro transactions again we must enable segwit then companies like coffee shops can start small side chains for their customers.

Yes, only with an improvement like segwit we can start buying cheap, little things with bitcoins. Bitcoin isn't fully developed yet to work with full efficiency as users want. And it's not so easy to do, as the community thinks different in many aspects.
To implement something it takes too much time and discussion about.

Quantus

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My understanding is if we want Bitcoin to have micro transactions again we must enable segwit then companies like coffee shops can start small side chains for their customers.

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