I can't wait until I can pay using bitcoin at the supermarket - page 9.

Reatim

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Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

This is what we need to make this market more Functional and growing,People here must understand that Bitcoin is a currency and must be used as payment for everything just like what Fiats can do.the only advantage of Bitcoin is the fast transaction and the safeties specially from virus now.
If only My country is accepting Bitcoin or even other cryptos?for sure i am one of people like you to use it as Fiat to help circulation and make this market more healthy if the cryptos are moving from time to time.

ghost424

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Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

That will be a dream come true for most users and even HODLers since they will be given the opportunity to directly buy something they need from a supermarket or grocery store using something that they gained over the Internet. Bitcoins platform is still expanding to most countries and would set an example that even fluctuating Cryptocurrencies have the chance in the market.

amishmanish

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Quote from: AniviaBtc on August 27, 2020, 09:37:34 AM

Hopefully, we can also pay using bitcoin in gaming industry,--snip--

Before the 2017 fee spike happened, Steam used to accept bitcoin as mode of payment. I wish that could be brought back. The experience of paying directly from your wallet on a desktop or an app with nothing connecting you to the payment except your address does feel kindda empowering. The problem is that the authorities, media and even general public is way too skeptical for people who want "privacy".

Another thing is that those with larger stacks to spend would obviously love to find a way to buy daily necessities, food etc for bitcoin. For the likes of me who weren't here early on, stacking up is more important. Yet if i had a reliable, trustworthy method, I would love to use the replacement method of spending bitcoin. You use bitcoin for the payment and buy and equivalent amount using the fiat you would have otherwise spent. Totally get OPs desire to actually be able to use it. There is a thrill in knowing that you are helping it spread out and supporting the businesses.

Zackgeno96

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Quote from: maydna on August 27, 2020, 10:57:43 PM

Quote from: Sadlife on August 27, 2020, 06:50:19 PM

Bitcoin has a lot of competitors, and some of those are Defi by ETH, then there's chainlink and lastly Polkadot. Those projects are much hype right now and blowing up in terms of demand. So i don't think that anytime soon, will see Bitcoin as main currency used for payments for every services. Honestly, what i think is every Cryptocurrency should be accepted payments.

I don't think some projects from DeFi, chainlink, and polkadot are competitors for bitcoin because bitcoin still leads the market. You can look around at the market what will happen with bitcoin price will happen to with altcoin and the other tokens. But the token mostly following with ethereum price, and ethereum price is following bitcoin price.

Perhaps, the stable coins can be used as the payment system as the stable coins' price is not too volatile. I think the customer will not worry about seeing the price up to and down when they want to pay something.

Stable coins are issued by third parties and you would have to trust them for not dumping on the market whenever they want, but this isn't the problem with bitcoin as it isn't a centralized cryptocurrency and due to its decentralized nature we don't have to worry about the exit scams as that of other centralized currencies or with the premined ones. So higher are the chances of either bitcoin becoming the widely accepted crypto or a new centralized crypto made by the union of banks or on a per country basis becoming the leading currency of the future.

Ridwan Fauzi

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Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

The first factor that I always doubted is government regulation, how they regulate bitcoin as payment system where as we can still money fiat for payment system. It can be a two payment system in one country and I think the government never regulate it especially in my country. They believe that our money fiat has long history and it is a symbol of statehood, so it impossible to happen in my country.

And the second factor is fee per transaction where now we don't need to pay any fee for any transaction when we use money fiat. But as you may know when you make a transaction with bitcoin then there is fee that will be charge and it expansive now. I can buy 3 kg of rice just to pay for one transaction using bitcoin. But who knows if there is a way like using lightning network or another way that makes the fees for transaction is low, maybe it would be preferable.

maydna

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Quote from: Sadlife on August 27, 2020, 06:50:19 PM

Bitcoin has a lot of competitors, and some of those are Defi by ETH, then there's chainlink and lastly Polkadot. Those projects are much hype right now and blowing up in terms of demand. So i don't think that anytime soon, will see Bitcoin as main currency used for payments for every services. Honestly, what i think is every Cryptocurrency should be accepted payments.

I don't think some projects from DeFi, chainlink, and polkadot are competitors for bitcoin because bitcoin still leads the market. You can look around at the market what will happen with bitcoin price will happen to with altcoin and the other tokens. But the token mostly following with ethereum price, and ethereum price is following bitcoin price.

Perhaps, the stable coins can be used as the payment system as the stable coins' price is not too volatile. I think the customer will not worry about seeing the price up to and down when they want to pay something.

Janation

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I am also waiting for this.

We all are, I know that. Despite the profits we are looking forward in the future, I know that we are also looking forward to us using Bitcoin and not just in the supermarkets. I am just saving most of my Bitcoins right now not just to be able to get the maximum profit from it, I also wanted to use all of them to transactions where I pay Bitcoin directly.

libert19

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Until they officially support, you can buy gift cards using Bitcoin from services like bitrefill. They work just as good.

k@suy

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Quote from: MCobian on August 27, 2020, 09:59:28 PM

I believe that all of us as the cryptocurrency community really want to be able to use Bitcoin as payment. Not only can it be used
in supermarkets, but I also wish I could use Bitcoin to buy groceries and pay bills. But the reality is very difficult to materialize,
there are several obstacles that do not allow Bitcoin as a means of payment. Usually related to government bans and also the volatile
price of Bitcoin are the main reasons why Bitcoin hasn't can be used as payment in some countries.

Yes indeed. As a part of crypto world, we all wanted for the crypto currency to be recognized around the globe but it doesn't happen because there are a lot of things to consider and one of the main points is the volatility of the bitcoin just like what you have said. But I believe that someday it can be use as a means of payment if not around the globe atleast in some areas or countries.

MCobian

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I believe that all of us as the cryptocurrency community really want to be able to use Bitcoin as payment. Not only can it be used
in supermarkets, but I also wish I could use Bitcoin to buy groceries and pay bills. But the reality is very difficult to materialize,
there are several obstacles that do not allow Bitcoin as a means of payment. Usually related to government bans and also the volatile
price of Bitcoin are the main reasons why Bitcoin hasn't can be used as payment in some countries.

Saisher

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Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

I also prefer the latter getting paid in Bitcoin and and spend Bitcoin in important stuffs like groceries and paying my bills directly with Bitcoin I have to convert my Cryptocurrency to fiat first before I can do that, but maybe it's going to happen 5 years from now depends on how fast is the adoption but hoping it will happen.

sulendra12

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Quote from: Sadlife on August 27, 2020, 06:50:19 PM

Bitcoin has a lot of competitors, and some of those are Defi by ETH, then there's chainlink and lastly Polkadot. Those projects are much hype right now and blowing up in terms of demand. So i don't think that anytime soon, will see Bitcoin as main currency used for payments for every services. Honestly, what i think is every Cryptocurrency should be accepted payments.

It could be the accepted payments if you buy something that is more than the transaction fees, just imagine you are paying the transaction and the fee is more than the transaction itself. This is what I am afraid by using cryptocurrency in this case Bitcoin as the payment on supermarket, they could suffer with expensive fees and confirmation speed.

gentlemand

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Quote from: Eugenar on August 27, 2020, 05:58:05 PM

Well, more likely, Bitcoin will be accepted to markets as a mode of payment, once its market price stabilize.

The price will never stabilise. It will calm down as the whole thing grows but sooner than we expect its inflation will become effectively nominal. Even if all the action stopped and it sat there and did very little it would still be worth ever more in the currencies it's presently measured against.

Quote from: Sadlife on August 27, 2020, 06:50:19 PM

Bitcoin has a lot of competitors, and some of those are Defi by ETH, then there's chainlink and lastly Polkadot.

Yup. I expect if I ever attempt to pay for something in Walmart in 2028 with Bitcoin I'll have a rotten fish thrown in my face as they yell 'don't insult us. Get yer Polkadot out, you skinflint fucker.'

Sadlife

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Bitcoin has a lot of competitors, and some of those are Defi by ETH, then there's chainlink and lastly Polkadot. Those projects are much hype right now and blowing up in terms of demand. So i don't think that anytime soon, will see Bitcoin as main currency used for payments for every services. Honestly, what i think is every Cryptocurrency should be accepted payments.

Yamifoud

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You are not alone...almost Bitcoin holders have waiting that moment to come and spend their holdings. This is the reason why most of us are considering Bitcoin only for investment, not a form of currency. In the meantime, and those countries that don't accept crypto for payment option they usually converted it into FIAT money which I also use oftentimes.

The development isn't that fast as we want it, many still not aware of this and also many people had been doubtful due to its volatility. Even though the use of crypto is already legalized in a particular area but it also depends on you as the owner of that establishment if you accept it. The same thing is happening to others. They should have also to think about their capabilities, otherwise.

Well, we have to wait a little bit longer to finally be accepted in all establishments and enjoy it.

kawetsriyanto

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We must be patient, mate. We are not in the same situation, some of us may experience a more difficult situation. Like in my country, you cannot expect to pay some goods at the supermarket as it is forbidden to use Bitcoin for payment purposes. Rupiah is the only thing that is allowed to be a payment tool. Well, I also have a big hope as you, but the laws cannot allow me. Bitcoin is only allowed as a digital asset here. We must convert it to Rupiah if we want to pay anything at the supermarket.

Eugenar

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For sure that won't happen soon. Bitcoin still is not accepted as a mode of payment to many countries, and if you are living to those countries, then you have no choice but to use Bitcoin as an investment. Indeed Bitcoin and other cryptos has advantages regarding convenience on every transactions but we just cannot help thr fact that it is still in progress of development.

Quote from: gentlemand on August 27, 2020, 05:03:02 PM

Quote from: ?? on ??

I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.

Well, more likely, Bitcoin will be accepted to markets as a mode of payment, once its market price stabilize. It is more likely to happen because majority of the businesses cannot afford adding up risks. Think of it, if they would accept an amount of Bitcoin as a payment, then it happened that the price of Bitcoin is still volatile, the business will be at risk of "losing" money unless they would hold it, which will not be sustainable to majority of businesses.

kayvie

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Quote from: carlfebz2 on August 27, 2020, 05:36:18 PM

Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

Dont hope that much because this thing is almost impossible to happen.Im not really that against nor doesnt trust up btc or crypto but as long do government do exist then money/fiat will surely exist.

I know the feels of being optimistic but too much of it will just really frustrate you if you do wait up for the moment that you had been hoping for.If you do save up btc then its good yet we know on when it comes to potential but we do accept the fact that this will really be just an option and not would become the primary currency that would completely replace fiats.

Government would be the number one who would oppose such changes.

Same thought, it will be impossible since btc is not being controlled by the government. Unlike in fiat, it is being regulated by the government. Also, aside from the said reason, volatility is a real problem for business establishments. As far as I know, there are some businesses who tried to accept btc before, but they stop it immediately because of the same reason.

carlfebz2

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Quote from: KonstantinosM on August 26, 2020, 09:01:46 PM

Just a feeling I have. It's all credit cards and dollars and shit.

Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.

Dont hope that much because this thing is almost impossible to happen.Im not really that against nor doesnt trust up btc or crypto but as long do government do exist then money/fiat will surely exist.

I know the feels of being optimistic but too much of it will just really frustrate you if you do wait up for the moment that you had been hoping for.If you do save up btc then its good yet we know on when it comes to potential but we do accept the fact that this will really be just an option and not would become the primary currency that would completely replace fiats.

Government would be the number one who would oppose such changes.

Bitcoin_bullish

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Quote from: gentlemand on August 27, 2020, 05:03:02 PM

Quote from: ?? on ??

I've written something similar in the past and it wasn't met very well by a few members. Someone even told me that I was dreaming, while I've explained that with the Lightning Network development this will be a reality.

I understand that the narrative currently is to pass Bitcoin as a hedge to inflation and perhaps a way to cure all financial disease and fix everything. This is not true and everyone knows this. Bitcoin has two purposes which are interconnected. It is both to be used as a method of purchases and has also features of a store of value asset. It can't abandon any of these as it will fail in the other too.

I think it'll be technically possible but users simply won't want to do it en masse. You don't spend what you think will be worth more in future, especially if you have a more common alternative that does the opposite. It goes against both logic and human nature.

In this case though perhaps we should stop consuming right now and swap all our fiat into Bitcoin. This isn't rational either holding fiat currencies since we can buy Bitcoin with them and reduce our consumption to a minimum.

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