Topic: Instant transaction speeds the the counter, via an escrow ? (also for iPhone ) (Read 691 times)
February 10, 2014, 12:17:05 PM
I must have misred some things then
February 10, 2014, 12:06:24 PM
(I justed editten my previous post, added some additional info)
The "problem" is not with Bitcoin, but with stupid people who don't understand how this works. The solution is not "fixing" Bitcoin, but educating people.
they say it's not practical, many of them stopped using bitcoin after a week allready
Why the hell would any shop stop using Bitcoin because of the 10 minute wait to finalize a payment, but not stop using credit card which takes 6 months to finalize a payment??The "problem" is not with Bitcoin, but with stupid people who don't understand how this works. The solution is not "fixing" Bitcoin, but educating people.
February 10, 2014, 12:01:26 PM
Hi,
In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Not this shit again... In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Bitcoin transactions ARE instant.
Please, newbiews, stop saying Bitcoin transactions take 10 mins. It's 1 sec!
No one has to wait 10mins for a coffee when they pay with btc.
lot's of businesses stopped using bitcoin because of the wait at the counter
they say it's not practical, many of them stopped using bitcoin after a week allready
it IS a problem
solutions are possible.. but it will take time...
in the meantime, apple will have filled the gap with their new upcomming system
AND they will try to block anything bitcoin on iPhones
very concerning
February 10, 2014, 12:00:25 PM
Hi,
In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Not this shit again... In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Bitcoin transactions ARE instant.
Please, newbiews, stop saying Bitcoin transactions take 10 mins. It's 1 sec!
Or do we also have to wait in coffee shops, sandwich bars, etc. until our credit card payment finalizes and becomes irreversible? Because that's several MONTHS.
Here's what you're actually comparing:
Bitcoin payment processing: 1 second.
Credit card payment processing: a few seconds.
Bitcoin payment becoming irreversible: 10 minutes.
Credit card payment becoming irreversible: several months.
I think it's credit cards that need to be changed
February 10, 2014, 11:58:15 AM
No one has to wait 10mins for a coffee when they pay with btc.
BTW, the "0 confirmation" is in the second on the phone ... but for the 1 confirmation, yes, it takes 6-10 min.
February 10, 2014, 11:56:11 AM
No one has to wait 10mins for a coffee when they pay with btc.
This non-problem has been discussed hundreds of times already.
No double spend has ever occurred in a coffee (or sandwich) shop. Ever.
This non-problem has been discussed hundreds of times already.
No double spend has ever occurred in a coffee (or sandwich) shop. Ever.
February 10, 2014, 11:50:49 AM
Quote
10 minutes is way to long
Deal with it.
It's advantage of no chargeback and no double-spend.
February 10, 2014, 11:48:25 AM
Hi,
In order for bitcoin to ever truly be able by a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
In order for bitcoin to ever truly be able by a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
Transactions are instant, settlement is ~10min
go educate yourself before educating others..
sorry my post wasn't finished, accidentally posted to soon
for bitcoin to be working in the real world ( at the counter, where there are lines)
10 minutes is way to long
and likely apple will be coming up with a way to pay with you iPhone instantly before
there will be a solution for bitcoin... this is concerning
Even more concerning, apple would try its best for a bitcoin solution not to work on
any of their devices... ( gotta love apple's will to innovate and make the world a better place ;-)
February 10, 2014, 11:31:50 AM
Hi,
In order for bitcoin to ever truly be able by a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
In order for bitcoin to ever truly be able by a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
Transactions are instant, settlement is ~10min
go educate yourself before educating others..
February 10, 2014, 11:23:58 AM
Hi,
In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
Apple will likely be coming up with "apple dollars" sometime soon, so people
can pay for their Starbucks coffee, and offcousre it will be arranged in such a way
that you can leave with your coffee (or whatever) instantly...
So in order for bitcoin to truly survive, faster transactions a needed... or a workaround
method like a escrow is needed. (http://falkvinge.net/2011/06/06/bitcoins-four-hurdles-part-two-transactions/)
However such an escrow for bitcion would also need to work on an iPhone.. so it can be widely adapted
Witch is tricky as apple would never allow such an "escrow app" in its store.
So would this still be possible to work on an iPhone, via html5 or something ( so apple an't block it ) ?
If not, I fear "apple dollares" or something else might overpower bitcoins at one point in the future...
( yes I am sure you can buy groceries / coffee with bitcoins at lots of places right now,
but companies do this mostly for publicity,
for it to ever be usable in the real world by everybody there need to be some changes!! )
In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
This needs to happen or bitcoin will never be wildly used and accepted.
Apple will likely be coming up with "apple dollars" sometime soon, so people
can pay for their Starbucks coffee, and offcousre it will be arranged in such a way
that you can leave with your coffee (or whatever) instantly...
So in order for bitcoin to truly survive, faster transactions a needed... or a workaround
method like a escrow is needed. (http://falkvinge.net/2011/06/06/bitcoins-four-hurdles-part-two-transactions/)
However such an escrow for bitcion would also need to work on an iPhone.. so it can be widely adapted
Witch is tricky as apple would never allow such an "escrow app" in its store.
So would this still be possible to work on an iPhone, via html5 or something ( so apple an't block it ) ?
If not, I fear "apple dollares" or something else might overpower bitcoins at one point in the future...
( yes I am sure you can buy groceries / coffee with bitcoins at lots of places right now,
but companies do this mostly for publicity,
for it to ever be usable in the real world by everybody there need to be some changes!! )
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