Topic: Paying with Bitcoin where there's rush - page 3. (Read 494 times)

It depends... Does it still count if we use an indirect approach? If you're lucky enough to have a "functioning" BTCitcoin debit card, it'd be flawless.

That's true, but if the store owner offers it to recurring customers, then I think it's worth the risk.

Bitcoin is used for crime and it'll scare a lot of people away from accepting bitcoin just like the teenager Op called out that got a negative response. Actions like the one stated in your story won't help the adoption of bitcoin globally. And they had the money in BTC but, they deceived the vendor because he can't wait and if they were allowed to wait they will order more drinks. I don't know the level of the Vendor in crypto but, he would have suggested that they sell the bitcoin to a vendor that will send fiat to his Bank account.

Some of those mall, or human necessity services do not know how Crypto-currency, or are overwhelmingly scared to try it. There was a news of this guy in my location he owns a night club and some group of guys patronized him, and consumed huge amount of drink and they where insisting on paying with Bitcoin, what ever is it they did I am suspecting cancellation of transaction, the owner of the club who so an incoming transaction couldn't wait for confirmation before letting them off had a great loss because the crypto never reflected the gravity of this story has caused many to complete remove it from their thoughts

There are money checkers that can detect fake cash. You should not even attempt it in a supermarket as there are cameras everywhere. Besides, not getting your transaction confirmed isn't necessarily done on purpose and even worse: You can't know if it's done on purpose. It's a function of the system.

This depends on your risk management.
Even if you only accept fiat, there's always the possibility that someone give you fake cash or pick up the good and run away from your shop.
I don't think accepting non-RBF unconfirmed transactions is much risky if there isn't a big amount of money involved.

Sending out wouldnt really be a problem but waiting for at least 1 confirmation does because making out the things get paid already via unconfirmed transaction would really be that risky for that business owner yet there's

always a tendency for double spend which i do agree that some altcoins do already solve out this kind of problem which im not really that surprised that adoption on terms of payment system would really be that still in

doubt because of this scenario.This would totally slow down the total operation or flow on times like this unlike with having fiat which you could simply give out then wait for the change.

Today, while I was shopping, I surprisingly witnessed a young teen (around 16-17) who asked the supermarket cashier if the operators think of accepting cryptocurrencies nowadays that it's being a "thing", which is kinda unusual in my areas; I don't know about you, but Bitcoin isn't even in the threshold of being considered an investment where I live, let alone a currency. He got a negative response.

This made me thoughtful. What happens when you want to pay with Bitcoin where there's rush, say a long queue of people which happens to be the case pretty often at supermarkets? On-chain is definitely not an option as you want from the transaction to take few seconds, so the next customer can push their products up. However, Lightning can become such a hustle when you want to transfer the equivalent of 200-300 EUR. Just to think that an issue with routing or capacity occurs while others wait for you, scares me.

The only thing that comes to my mind is to accept unconfirmed transactions with disabled RBF. Now, whether the amount is decent to pay a miner half of it for double-spending is another thing to discuss. It's not ideal and I'm sure those few-seconds-interval cryptos will find their way to attract by taking advantage of this "unfortunately sounded" problem.