I've Had Enough Of BTC - Converting To A New Currency - page 5.

mindrust

legendary

Activity: 3276

Merit: 2442

Those rising fees and slow transaction problems will be solved one way or another you'll be sorry for dumping your bitcoins today when that day comes.

There is no way for bitcoin to fail. Not an option. These problems are creating a buy opportunity actually and even with all those problems which bitcoin has, its price is still skyrocketing!

One just can't have enough of BTC.

THERE ARE NOT ENOUGH BITCOINS FOR EVERYONE !!!

kelseydustin

sr. member

Activity: 448

Merit: 251

I suggest you should buy ethereum and ethereum classic. They are very potential and I believe that the prices will increase in the future and it is obvious that they will increase even faster than bitcoin. Bitcoin can not increase as fast as those coins are anymore

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

I don't deny the fact that the increasing backlog of unconfirmed transactions have been extremely frustrating. But we should also remember that the other crypto-coins also have their own disadvantages. Perhaps we should fight while remaining loyal to Bitcoin, rather than shifting our loyalties to some scam coin.

The One

legendary

Activity: 924

Merit: 1000

Quote from: Lucky7btc on May 17, 2017, 07:11:57 AM

Quote from: Xester on May 17, 2017, 07:06:43 AM

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

If you want to shift to another cryptocurrency there are only a few which is good to invest on. If you want to do some research then try to look at the coinmarketcap and you will see the list of potential coins next to bitcoins. You can choose a good coin in the top 10 of the list. You can choose ripple, ltc, ethereum, dash and etc.

We collectively need to make a shift. I want to hear everyone input on this matter and which coins majority of us decides to agree upon. We then need to push that coin to more businesses to either add or switch over to. Bitcoin has become a sad aged old dinosaur. No one should have to pay higher fees and/or wait many hours, days, weeks just to receive their monies. We as a community have all the power and its time that we do something about it. RIGHT NOW!!!

Good luck telling the Core developers that. They will ignore you and do what THEY want.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Kprawn on May 17, 2017, 09:53:26 AM

You know what is going to happen with your question.... right? Every Tom Dick and Harry that has bought some Alt coins will try and push you into

buying their shitcoin, so that they would benefit from it. Roll Eyes

....Most of these Alt coins have not reached the volumes where Bitcoin are and that is why

they are not struggling with this issue. Scaling with Bitcoin is happening naturally as it should be.... no central decision making, like with most other

Alt coins. People running full nodes or people invested in mining still make decisions and that is how it should be. Bitcoin will resolve this and we will

welcome you back then. Wink

Yeah you can't be gullible when dealing with altcoins, so many pump and dump schemes and groups of people trying to manipulate to make a buck.

Wendigo

legendary

Activity: 2604

Merit: 1036

Either go back to digital fiat or start using a payment processor like BitPay if you want to accept cryptos as payment for your e-commerce I guess. Other than that. I really like Dogecoin - less than 1 penny in fees and super-fast confirmation times. However only a handful of people use or have heard about Dogecoin compared with Bitcoin.

GetClams.com

full member

Activity: 179

Merit: 250

Ultimately the free market will rein if there is a switch to another coin. At that point its up to the merchants that accept bitcoin who very well may be freaked out tat that point. Lets hope it doesn't get that far.

25hashcoin

hero member

Activity: 574

Merit: 500

Fiat sounds for you, troll. Other currencies has no current issues...because no one uses or cares about them.

Kprawn

legendary

Activity: 1904

Merit: 1074

You know what is going to happen with your question.... right? Every Tom Dick and Harry that has bought some Alt coins will try and push you into

buying their shitcoin, so that they would benefit from it. Roll Eyes

....Most of these Alt coins have not reached the volumes where Bitcoin are and that is why

they are not struggling with this issue. Scaling with Bitcoin is happening naturally as it should be.... no central decision making, like with most other

Alt coins. People running full nodes or people invested in mining still make decisions and that is how it should be. Bitcoin will resolve this and we will

welcome you back then. Wink

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: gentlemand on May 17, 2017, 09:44:54 AM

So if I want to buy a gift card I have to transfer my Bitcoin to an exchange, thus paying the fee anyway, then buy some alt and possibly warp the market in the process, then withdraw from the exchange to my whateveralt wallet and then buy my gift card?

Ah, if you have your wealth in a low-liquidity asset, that's a problem, yes. If you are holding old cars, and you want to buy a gift card, you have the same problem.
You first have to sell your non-liquid asset (here, an old car) to obtain a more liquid asset (cash, say), and then use it in commerce.

If you have very non-liquid bitcoins, you may have to wait for a few days to get your stuff on an exchange, but once it is there, you can buy liquid alt coins, and use it in commerce.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: dinofelis on May 17, 2017, 09:42:26 AM

From the same place it came from with bitcoin: belief.

So if I want to buy a gift card I have to transfer my Bitcoin to an exchange, thus paying the fee anyway, then buy some alt and possibly warp the market in the process, then withdraw from the exchange to my whateveralt wallet and then buy my gift card?

Yup, that's going to catch on wonderfully.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Diced90 on May 17, 2017, 09:29:58 AM

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of BTC and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

I know that feeling, it's very frustrating to long wait long hours for transactions that could get over six confirmations in less than 30 minutes now you have its a game of having your transaction to be among the 100 get accelerated even when you have paid high transfer fees doesn't make a difference

But I believe ethereum is the way to go atm it has a huge supportive community and market is not congested

Ethereum community already fragmented so decisions could be easier although there is an issue of the POW switch to POS which could really effect Ethereum.

ethersphere

member

Activity: 82

Merit: 10

Quote from: kingcolex on May 17, 2017, 09:41:26 AM

Quote from: Diced90 on May 17, 2017, 09:29:58 AM

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of BTC and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

I know that feeling, it's very frustrating to long wait long hours for transactions that could get over six confirmations in less than 30 minutes now you have its a game of having your transaction to be among the 100 get accelerated even when you have paid high transfer fees doesn't make a difference

But I believe ethereum is the way to go atm it has a huge supportive community and market is not congested

Ethereum community already fragmented so decisions could be easier although there is an issue of the POW switch to POS which could really effect Ethereum.

I think a switch to POS might not necessarily be bad though. It'd speed up Ethereum a lot more, making it even more valuable. But there's definitely a risk during/short time right after transition.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: gentlemand on May 17, 2017, 09:23:11 AM

Then where does the value you want to transact come from? There's no way I'm going to skip to some totally unproven coin if my RapeCoin confirmations slow down.

From the same place it came from with bitcoin: belief and greed.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

You were a fool to think Bitcoin was made for e-commerce, it's been obvious that wasn't the path for years. Go to dash or litecoin for commerce, instant TX and a voting system keeps these fight style debates from dragging on like they have with Bitcoin.

If you are looking for a storage of wealth or need an extremely secure transaction stick with Bitcoin.

I see no issue with using altcoins as daily drivers and converting larger amounts into Bitcoin for investment.

Diced90

hero member

Activity: 994

Merit: 515

Get'em boys

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of BTC and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

I know that feeling, it's very frustrating to long wait long hours for transactions that could get over six confirmations in less than 30 minutes now you have its a game of having your transaction to be among the 100 get accelerated even when you have paid high transfer fees doesn't make a difference

But I believe ethereum is the way to go atm it has a huge supportive community and market is not congested

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: dinofelis on May 17, 2017, 09:18:26 AM

But you can make many crypto currencies ! If all of them take the load of bitcoin, that's a lot more of transactions that are possible ! In fact, you can make as many crypto currencies as you like, so each time one is full, one can make another one.

Then where does the value you want to transact come from? There's no way I'm going to skip to some totally unproven coin if my RapeCoin confirmations slow down.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: ozaeri on May 17, 2017, 08:51:16 AM

Keep in mind though that any crypto currency currently available will have the same scaling problems bitcoin has if they had the same number of transactions going through them.

But you can make many crypto currencies ! If all of them take the load of bitcoin, that's a lot more of transactions that are possible ! In fact, you can make as many crypto currencies as you like, so each time one is full, one can make another one.

Now that bitcoin is full, there is for instance litecoin (but you can also use others like DASH, ETH, ... ) to do payments. When those are full, we can still consume a lot of coins that already exist. When all of them are full, we can make many, many more.

In fact, with what is out there, we could already scale a factor of 500 or something (the number of coins that are already running).

ozaeri

member

Activity: 84

Merit: 10

Quote from: Lucky7btc on May 17, 2017, 06:58:33 AM

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?

I always need to repeat this, your best strategy is diversification, there is no one single cryptocurrency that is guaranteed to be the best in 10 years from now.

Keep in mind though that any crypto currency currently available will have the same scaling problems bitcoin has if they had the same number of transactions going through them.

BitHodler

legendary

Activity: 1526

Merit: 1179

I can understand people that get annoyed, but there is not much to do at this point either than to adopt to the situation, or look for an alternative coin.

But understand that at some point all altcoins will suffer from the same issues if they end up having to deal with the same level of usage. Altcoins are fine now due to the lack of usage, don't forget that.

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