Smartphones are vital to bitcoin growth - page 4.

Betwrong

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Quote from: HCP on April 12, 2017, 12:53:15 AM

except that Apple Pay doesn't cost you $1 every time you use it and doesn't take 10+ minutes (or possibly hours) for your payment to process.... what merchant is going to let you walk out of a shop with $20 worth of goods hoping the payment will go through sometime in the next hour or so?

On the other hand, Apple Pay is also centralised and doesn't provide even pseudo anonymity.

Bitcoin is fast moving away from being a viable solution for every day payments toward being useful only as a method of storing wealth. It is likely to get even further away in the future as block rewards get halved and transaction fees increase even more.

The days of shifting bitcoins around for pennies are long gone... unless you want to wait.

Something has to be done in that regard. Probably accepting zero confirmations from trusted buyers is an option. Yes, you totally lose the anonymity if that's implemented, but at least you can pay with Bitcoins.

Another option would be BTC ATMs in shopping centers. Instead of paying with BTC for every item you get the cash first and then pay with it.

densuj

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Quote from: jakelyson on April 14, 2017, 04:57:48 AM

It is technology so as blockchain and bitcoin. Soon it will be replaced by something better, just like how it is replacing laptops and desktops. I do not think that it has any correlation with bitcoin growth.

Yes smartphone is not correlation with bitcoin growth but it has correlation with the service related bitcoin, for example the online stores that accept bitcoin for payment method, their service (the website) must support for smartphone devices, if their service want survive on this era (era of smartphone) so bitcoin can be easy be adopted by users of smartphone.

maydna

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i think with smartphone technology, we know many software has release especially software for bitcoin, its include of wallet, faucet, or just information about crypto currency world and its really helped new people to read and know about bitcoin and crypto currency info. beside that, we know that many smartphone release has followed with the newest technology and many social media that can we use to spread the words about crypto currency so we can gets update for the software and we can know if there is any change or anything with crypto currency.

AT-N-T101

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Quote from: stompix on April 15, 2017, 04:32:08 PM

Quote from: btcjoin14 on April 15, 2017, 03:35:22 PM

I don't like to have the thought of smartphones being the most important thing about Bitcoin Transactions because almost everyone that has an active Internet connection would have the opportunity to build a Bitcoin Wallet and do transactions in real-time. Since the whole process of building a Bitcoin Wallet only consists of about 5 minutes of the person's time, the person has the option to receive money without the need of a smartphone -he could just have a print out of the Wallet information and the money will get transferred to it by the sender.

Times have changed, if you don't have a smartphone, you don't exist.
If people using smartphones wouldn't be able to use bitcoins you could just surrender the flag now and be done with it.

Fortunately enough there are a lot of apps and common uses.

Time is money and doing things while you wait for a bus or on the metro is a big advantage.
Those 5 minutes you talk about are a big turn off for a lot of people these days.

Yes, a smartphone can greatly simplify and speed up all operations when you are on the road. It is very convenient.

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Quote from: btcjoin14 on April 15, 2017, 03:35:22 PM

I don't like to have the thought of smartphones being the most important thing about Bitcoin Transactions because almost everyone that has an active Internet connection would have the opportunity to build a Bitcoin Wallet and do transactions in real-time. Since the whole process of building a Bitcoin Wallet only consists of about 5 minutes of the person's time, the person has the option to receive money without the need of a smartphone -he could just have a print out of the Wallet information and the money will get transferred to it by the sender.

Times have changed, if you don't have a smartphone, you don't exist.
If people using smartphones wouldn't be able to use bitcoins you could just surrender the flag now and be done with it.

Fortunately enough there are a lot of apps and common uses.

Time is money and doing things while you wait for a bus or on the metro is a big advantage.
Those 5 minutes you talk about are a big turn off for a lot of people these days.

btcjoin14

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I don't like to have the thought of smartphones being the most important thing about Bitcoin Transactions because almost everyone that has an active Internet connection would have the opportunity to build a Bitcoin Wallet and do transactions in real-time. Since the whole process of building a Bitcoin Wallet only consists of about 5 minutes of the person's time, the person has the option to receive money without the need of a smartphone -he could just have a print out of the Wallet information and the money will get transferred to it by the sender.

Dimelord

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Quote from: HarringtonStark on April 11, 2017, 11:18:05 PM

More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.

Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.

Definitely,wherever we are, in any market place,we can just pay in bitcoins using our smartphones.There are many apps available today for it.For example,using bread wallet,we could buy and sell bitcoins.

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Quote from: pooya87 on April 12, 2017, 01:23:07 AM

Quote from: HCP on April 12, 2017, 12:53:15 AM

except that Apple Pay doesn't cost you $1 every time you use it and doesn't take 10+ minutes (or possibly hours) for your payment to process....

if you are paying $1 for bitcoin transaction fee that means you have been accumulating a lot of dust in your wallet. go learn what transaction size in byte is and how it becomes big then come back.

right now fee for a normal transaction the highest fee is 40 US cents

Quote

what merchant is going to let you walk out of a shop with $20 worth of goods hoping the payment will go through sometime in the next hour or so?

there is a very simple risk assessment that a simple code can do, you can even use an online tool such as blockcypher to do it for you.
a merchant doesn't have to worry about transaction with normal amount of fee, with no unconfirmed parent and no other shenanigans.

and they are accepting bitcoin payment before confirmation.

I am not sure about that. I just transferred $10 to cloudbet sports from a Coinbase wallet and the network fees was 55 cents. But I still agree that it is not that bad. I didn’t think about the halving though. I think that is something to think about. It will be harder to move around coins without loosing a chunk of them if the network fees go up to much. I don’t think confirmation wait times are an issue though either.

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Quote from: naughty1 on April 14, 2017, 05:58:06 AM

Quote from: ABCbits on April 13, 2017, 01:03:51 PM

There are plenty of bitcoin wallet from decentralized to centralized, basic features to lots of unnecessary features and most of them are easy to use. I think the real problem is bitcoiner can't find any offline merchants that accept bitcoin as payment method, no major/big services promote bitcoin as payment method, no promotion about bitcoin itself and regulation of bitcoin in each country.

There are many merchants who accept bitcoin as a payment method, they set up a lot of websites, in my country, there are so many such websites, they allow us to sell bitcoin and receive by the same amount Of your country. It is extremely convenient for everyone.

Yes, but I don't know which country you are living but still, nobody is accepting bitcoin in my country.
The smartphone is becoming more popular when it comes technology because everyone is creating apps for the promotions.
So in this way bitcoin will become more popular once many users are accepting bitcoin as a payment method.

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Quote from: ABCbits on April 13, 2017, 01:03:51 PM

There are plenty of bitcoin wallet from decentralized to centralized, basic features to lots of unnecessary features and most of them are easy to use. I think the real problem is bitcoiner can't find any offline merchants that accept bitcoin as payment method, no major/big services promote bitcoin as payment method, no promotion about bitcoin itself and regulation of bitcoin in each country.

There are many merchants who accept bitcoin as a payment method, they set up a lot of websites, in my country, there are so many such websites, they allow us to sell bitcoin and receive by the same amount Of your country. It is extremely convenient for everyone.

Doms

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I do most of my transactions on a mobile phone nowadays. Although I have a computer, the advantages of using a smart phone cannot be denied, for some very obvious reasons. There might be risks and security issues associated with it, but that is a constant with everything that has to do with online and digital transactions.

Yuuto

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Quote from: jakelyson on April 14, 2017, 04:57:48 AM

It is technology so as blockchain and bitcoin. Soon it will be replaced by something better, just like how it is replacing laptops and desktops. I do not think that it has any correlation with bitcoin growth.

In my opinion, there is always some kind of correlation between bitcoin growth and smarthphones, but I think that saying they are vital for bitcoin, isn't a smart idea.
Very important function in using bitcoin, is being able to make transactions everywhere, also through mobile phone.
However to make that possible, you need to use rather web wallet instead of the other once, so the security isn't one of it's finest.

That is why, making bitcoin wallet application for mobile could have been a great idea, if there is a way to implement the NFC to work with bitcoin
Also, we should see many options in there, as most of the best wallets can offer on PC, but I would like to see some kind of LITE edition of electrum available on mobile

jakelyson

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It is technology so as blockchain and bitcoin. Soon it will be replaced by something better, just like how it is replacing laptops and desktops. I do not think that it has any correlation with bitcoin growth.

naidray

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Quote from: HarringtonStark on April 11, 2017, 11:18:05 PM

More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.

Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.

That’s a good point. I hadn’t really thought of that aspect of bitcoin before but it makes sense. I think that since smart phones are indeed becoming more and more a part of our everyday life everywhere in the world this will only help bitcoin.

The point about the QR codes is good too. If people are going to be convinced to use a foreign currency they have to have as many perks and facilities to make that transition as possible.

ABCbits

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There are plenty of bitcoin wallet from decentralized to centralized, basic features to lots of unnecessary features and most of them are easy to use. I think the real problem is bitcoiner can't find any offline merchants that accept bitcoin as payment method, no major/big services promote bitcoin as payment method, no promotion about bitcoin itself and regulation of bitcoin in each country.

rickadone

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Smartphones are nothing but handheld computers / palmtop computers hence there will be no wonder on its contribution for an internet based technology.

I believe people here are speculating about the growth of bitcoin in terms of bitcoin's price levels based on mobile Internet evolution too. Because people were switching from personal computers to laptop computers after that now people are switching from laptop to mobile phones. This shows how much smartphones are vital for bitcoin's growth.

Winner

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Smartphones are a very important part of the growth of Bitcoin and other different Digital Payment methods because most of the people within the other Countries like to have less things on them while successfully doing business. Processing payments with a smartphone is pretty easy and nowadays the person doesn't have to be online in order to send receive payments from the other person. With Bitcoin all the person needs is a Bitcoin Wallet and that's pretty much all there is and the person could check the transaction on the internet if needed.

Xester

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Quote from: shield132 on April 13, 2017, 03:28:15 AM

Yes, there are chanses that mobile payment will still develope because people always wear smartphone everywhere and it's more easy to pay with it. For example we can take foldapp. You need to download that app on your mobile and you can pay for starbucks coffee or etc things instantly which is very useful, especially for bitcoin users.

Smartphones are really vital to bitcoin growth since many people across the globe could not live without carrying their smartphones with them. Using smartphones we can enjoy apps that will allow the user to access bitcoin to send and receive bitcoins from any of the local shops in his/her area. The moment bitcoin will be accepted by almost all countries it is the smartphones that will carry most of the bitcoin transactions.

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Quote from: LeGaulois on April 13, 2017, 08:11:36 AM

I wouldn't say smartphones are "vital" to bitcoin growth. Even if it's true mobil payments solutions are incrasing, only a few people are interested in. This solutions are targetting a particular audience, the young people 15-30 years old and that's it. Even if the cost of a basic smartphone is cheap, it doesn't mean people are interested to use it for banking activities. And i hardly think most people using bitcoin are really interested to use a bitcoin wallet on their smartphone

Well its partially true bro I mean using your mobile Bitcoin Wallet app in public can be a free marketing tool as it can raise awareness/curiosity to people on what Bitcoin is. Plus I don't really think that Bitcoin transaction is really meant for Desktop Computer use as Bitcoin promoted mobility and practicality having a Bitcoin Wallet based on a Desktop PC is like not bringing your own Wallet when you go out (I hope you get my point). Also the part of people not interested of using smart phones as a Bitcoin wallet is false, then having a QR code for your wallet address is useless because no one will scan it for its usage.

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I wouldn't say smartphones are "vital" to bitcoin growth. Even if it's true mobil payments solutions are incrasing, only a few people are interested in. This solutions are targetting a particular audience, the young people 15-30 years old and that's it. Even if the cost of a basic smartphone is cheap, it doesn't mean people are interested to use it for banking activities. And i hardly think most people using bitcoin are really interested to use a bitcoin wallet on their smartphone

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