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Topic: The shops that accept Bitcoin - page 2. (Read 1848 times)

hero member
Activity: 868
Merit: 1000
June 16, 2016, 08:50:03 AM
#35
i have heared that there are so many shops in Brazil where they accept bitcoin. any you can do trading in bitcoin. some other countries have also shops wher bitcoin is accepted. i think it will take some more time when there will be shops everywhere who will accept bitcoin.

Brazil has 150 stores that accepts bitcoin and that is really huge, but the fact is the scenario is not same in all other countries and it will take some more time for them to adopt it.
full member
Activity: 196
Merit: 100
June 16, 2016, 08:42:13 AM
#34
i have heared that there are so many shops in Brazil where they accept bitcoin. any you can do trading in bitcoin. some other countries have also shops wher bitcoin is accepted. i think it will take some more time when there will be shops everywhere who will accept bitcoin.
hero member
Activity: 1372
Merit: 564
June 13, 2016, 05:55:41 AM
#33
Bitcoins is already accepting in some shops in pther countries specially on australlia  if i where right,they have bitcoin atm machines now there.But pretty sure bitcoin will conquer and will be a part of online shops and physical shops in the future
klf
legendary
Activity: 1344
Merit: 1000
June 13, 2016, 12:12:53 AM
#32
I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

Yes Bitcoin is not legal in all country only n limited country allowed bitcoin as legal and there all shops accept this bitcoin. I think because of this price variation daily and people may use this bitcoin for illegal purpose that is why all country governments are not allowing this bitcoin as legal currency. It s easy to use bitcoin in online shopping and also outside shopping but we don't know particular region why all continent is not accepting.   
sr. member
Activity: 336
Merit: 250
June 12, 2016, 11:58:36 PM
#31
I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

I agree with you that bitcoins are mainly accepted in Europe and north america. I guess the reason why it is not present on other countries it is because of the availability of bitcoin, the market of bitcoin, the demands of bitcoin. In short i guess they are not ready for this innovation but maybe someday it will happen.
sr. member
Activity: 322
Merit: 250
June 12, 2016, 11:27:53 PM
#30
I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?


I think bitcoin acceptable anywhere, in my view the countries of Europe as for own human Resources high and probably know the benefits bitcoin in advance so that they are faster using bitcoin for shops. I live in asia, and here are many online stores that accept bitcoin, but for offline stores like coffee shop not available. Thank you
hero member
Activity: 2898
Merit: 520
Leading Crypto Sports Betting & Casino Platform
June 12, 2016, 08:11:12 PM
#29
Bitcoin is slowly but surely getting into other countries, like countries on South America. You can check that on the marketplace section here, as an example.

And yes, stability takes part. Less stable countries tend to search for alternative currencies...
Sure in south America there is some countries have many stores accepted bitcoin like Brazil and Argentina they have a maybe tens or even more,shops accept bitcoin. in Asia have a many shop's accept bitcoin.
legendary
Activity: 2282
Merit: 1023
June 12, 2016, 07:59:27 PM
#28
The increase in shops that accept bitcoin will go hand in hand with the number of people using bitcoin to make their purchases. There were a few shops in my home town that accept bitcoin and even have bitcoin ATM. However, due to the low number of people using bitcoin, they stop doing that, which is rather sad.

Hopefully the new rise in price will stimulate more interest in the use of BTC!
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
June 12, 2016, 07:22:56 PM
#27
Bitcoin is slowly but surely getting into other countries, like countries on South America. You can check that on the marketplace section here, as an example.

And yes, stability takes part. Less stable countries tend to search for alternative currencies...
But I also noticed that the Bitcoin is primarily in capitals or large cities.
So, the cryptocurrencies are known in countries that have less stability as in Africa or in Asia?
it is. cryptocurrency is known in Asia: Japan, China, India, Indonesia. but I'm not sure Indonesia and India have many shops accepting bitcoin.
hero member
Activity: 1092
Merit: 520
June 12, 2016, 03:48:02 PM
#26
Well i suppose the vendor would have to have a reliable internet connection so you might be right that the country makes a difference.    Grin
legendary
Activity: 1904
Merit: 1073
June 12, 2016, 03:46:24 PM
#25
This all depends on the information and fame since bitcoin is famous in the recent modern world where as it is not very commonly known in asia and africa so only that's the reason bitcoins are not accepted on shops there.

Africa has had M-pesa before Bitcoin existed and it's getting bigger and more widespread by the day. The only problem with that is, is that M-pesa is centralized and can be shut down, if a country

stops cellular providers from operating. You cannot do this with Bitcoin and this is why Bitcoin will always be the superior solution as a payment option. The challenge for Bitcoin will be connectivity in

rural areas... and this is why Bitcoin will always flourish in areas with developed internet infrastructure..  Sad
legendary
Activity: 3430
Merit: 3071
June 12, 2016, 02:43:22 PM
#24
no one is saying everyone will try it.

Except you. When you tried to stoke up MegaFUD over RBF. Because it supports your Anti-Bitcoin agenda. Remember?


But apparently the risk is tiny, and no walls of text are going to convince anyone that RBF represents a fungibility risk, whereas you were literally promoting Black-Listing BTC outputs, Mike Hearn style, on the previous page of this thread. Stop talking, it's a waste of everyone's time.
legendary
Activity: 4214
Merit: 4458
June 12, 2016, 02:20:26 PM
#23
carlton its time you re-read what RBF can do..
if the transaction is RBF people can change the transaction amounts.. its literaly even telling you with the first letter R=replace.

so if your going to do zero confirms acceptance. do not blindly trust a transactions that have either of these
has no fee
is RBF
whos taint shows that there have been other attempts of double spends before.

this is because
1. has no fee
https://bitcoincore.org/en/faq/optin_rbf/
Quote
Sophisticated double spending attackers today use tools to map the network connectivity by making harmless looking conflicting spends and seeing which versions show up at which merchants and in which blocks. This allows them to craft two versions of the same transaction, one which they send to their victim and one which they send to miners for confirmation.
The presence of the non-replaceable payment to the merchant prevents his node from learning about a double-spend until it shows up in a block mined by a miner that was merely mining the thing they saw first. This simple, common pattern is sometimes further amplified by additional techniques such as using unconfirmed transaction chains, low fees, or non-standard transactions.
people can know which IP to send which transaction. EG send a PayYourself tx directly to the pools with a fee. send a PayRetailer without fee to a node known to be what the retailer uses to check. thus the retailer sees the PayRetailer transaction first and the PayYourself gets rejected by the retailers node.. but the important part is that the miners see PayYourself first and rejects the PayRetailer tx(especially because it has no fee anyway).. an guess which one gets confirmed!!

2. is RBF
https://bitcoincore.org/en/faq/optin_rbf/
Quote
Opt-in RBF is a change to memory pool and network relay code that allows those wallets to optionally add a signal to their transactions which tells full nodes that those particular transactions may be updated (replaced) up until the point that they get confirmed in a new block.
even though RBF does include a fee(so point 1 wont raise a red flag). RBF can do something different..by messing with the amounts of the output and increase the fee it can cheange the transaction.. its literally in the name Replace By Fee. so if someone is paying you a TX you have to logically ask.. if they have no reason to mess/replace the transaction why would they opt for RBF. the answer is because there is a risk the transaction can change.(hint: red flag)

3. that there is a chance the customer may try a double-spend if there are signs of double spends linked to the originators address from past transactions. EG they practiced it, before doing it for real. or this is not the first time they scammed a retailer.(hint: red flag)

no one is saying everyone will try it. but atleast knowing what to look out for allows you to spot some red flags to be a bit mindful about whether you hand over the goods instantly or to keep the customer in conversation or delay the goods if the red flags appear..

that way if everyone just paid a fee and there was no sign of double spend taint. no reason to RBF. the goods can be released.
if however there was no fee.. or there was an RBF. or there was some taint.. you can delay handing over the goods for X seconds to see if any other similar transactions got relayed around the network incase the one you seen first was presented to you before you got to see the one presented to the mining pool first.. then you can see which one got accepted by the mining pools first to know if your going to get paid the right amount or not.

..
i seriously wonder about carlton. even trying to suggest bitcoin is perfect and people should remain blind and accept zero-confirms without even doing any basic risk analysis..
i love bitcoins (carlton loves monero). but atleast its best to be honest and tell people there are risks/issues. that way they can protect themselves and prepare themselves.
bitcoin is great but it is not perfect. atleast knowing the issues helps people to work around them.

..

this is how i think carlton thinks
blindly accept zero confirms because there is only 3% chance of being scammed so its an acceptable loss

this is how i think
add some analysis tools that look for red flags. instantly hand goods to the 97% that dont throw up flags and delay the goods handover of the 3% that are throwing up flags until certain its not a double spend
legendary
Activity: 1638
Merit: 1046
June 12, 2016, 02:05:25 PM
#22
I think brazil is one of the most country that 150 store are accepting bitcoin as payment.. and i think more shops too will accept bitcoin as payment in the future.. just like brazil..
hero member
Activity: 742
Merit: 500
June 12, 2016, 02:01:17 PM
#21
This all depends on the information and fame since bitcoin is famous in the recent modern world where as it is not very commonly known in asia and africa so only that's the reason bitcoins are not accepted on shops there.
staff
Activity: 3374
Merit: 6530
Just writing some code
June 12, 2016, 01:57:41 PM
#20
Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.

Indeed. Using a Child Pays for Parent transaction (as I know you're abundantly aware of) can mitigate for that kind of problem, but I can imagine there may exist circumstance where even CPFP can't help (and it's arguably not such a great practice/culture to encourage, unscrupulous users may try to use the mechanism to push some/all of the fee onto the sender).
CPFP isn't supported by most miners anyways, so it doesn't help that much. Bitcoin Core doesn't even support it yet.

I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.

Also in agreement, but you imply that education is the answer, whereas I would posit that better protocols (i.e. simpler to use for the layperson) would be more effective. I say this not out of cynicism/derision, but simply as an observation of the trends for the average abilities of the average shop assistant: the required abilities for shop work has been declining steadily over the years, to the extent that all they really need is to press a few buttons on the register in the correct sequence, smile and be faintly personable.
True, we could use some hardware that makes accepting Bitcoin in stores much easier. This is another project that I'm working on as well, but I don't think I will finish it any time soon.
legendary
Activity: 1806
Merit: 1024
June 12, 2016, 01:41:36 PM
#19
I'm under the impression that Bitcoin is increasingly accepted all over the world, not just in the U.S. or in Europe. Of course it is still far from mainstream acceptance, but the constant trend of increases in the number of transactions is very encouraging. As we could observe during the last bubble, Bitcoin adoption tends to get a boost during rising prices. Not all of the companies joining then will stay in a subsequent depression, but even considering a significant drop out rate there will still be a significant increase.

Personally I think that especially businesses in South American countries are hot aspirants for Bitcoin adoption: Overall, many of these countries have a well educated and tech-savvy population that is interested in progress and business opportunities. Heightened inflationary tendencies of national currencies in these countries will add to the attractiveness of Bitcoin.

ya.ya.yo!
full member
Activity: 298
Merit: 100
dApps Development Automation Platform
June 12, 2016, 01:37:28 PM
#18
I noticed that the shops that accept Bitcoin are mainly in europe and north america, why bitcoin can not go out and conquer other continents? the stability of the country plays a role in all this? how?

I think it's more about connectivity to the Internet then anything else. Here in the USA it wasn't until 5 to 7 years ago that every physical store accepted credit cards, and this is because ISPs finally reached out to more rural areas and mobile internet services like 3G and now 4G LTE became cheap and available almost anywhere. Now it's a death sentence to your business to only accept cash, because a majority of people do not carry large amounts of cash on them anymore like they did only a decade ago.

How is Joe the Farm Stand owner going to accept bitcoin when he can't even get cellphone service in the majority of the area he lives and works in?
legendary
Activity: 3430
Merit: 3071
June 12, 2016, 01:26:00 PM
#17
Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.

Indeed. Using a Child Pays for Parent transaction (as I know you're abundantly aware of) can mitigate for that kind of problem, but I can imagine there may exist circumstance where even CPFP can't help (and it's arguably not such a great practice/culture to encourage, unscrupulous users may try to use the mechanism to push some/all of the fee onto the sender).

I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.

Also in agreement, but you imply that education is the answer, whereas I would posit that better protocols (i.e. simpler to use for the layperson) would be more effective. I say this not out of cynicism/derision, but simply as an observation of the trends for the average abilities of the average shop assistant: the required abilities for shop work has been declining steadily over the years, to the extent that all they really need is to press a few buttons on the register in the correct sequence, smile and be faintly personable.
staff
Activity: 3374
Merit: 6530
Just writing some code
June 12, 2016, 12:59:13 PM
#16
No, Franky, First-Seen rules protects against someone using RBF to steal 0-confs away, you've been told 1000's of times and yet you still repeat-repeat-repeat-repeat this BS propaganda
Well, to be fair, there is Opt In RBF. If a transaction is non-final (sequence of any input is not 0xffffffff), it is either timelocked or uses opt in RBF which means that the transaction could be replaced.

Quote
check the transaction has a fee

That won't always be true even today, zero-fee transactions still get processed. To be fair, this is the only piece of advice that has a semblance of truth (and I think we all know Franky relies on making his BS more palatable by mixing it in with some obvious facts)
I would also like to add that the transaction has to have a high enough fee, not just a fee in general. Low fee transactions still take a while to get confirmed.

Quote
check the taint of the inputs


And here Franky reveals exactly the kind of boot-licking corporate shill he really is: one of the fundamentals of Bitcoin is to transact fungible money without censorship, and here's Franky, telling us to censor transactions (the irony shouldn't be lost on anyone who knows Franky for what he is: he goes on and on and on about non-existent censorship on this forum to disparage genuine supporters of Bitcoin)
That ,I agree, is complete BS.

Additionally, when accepting unconfirmed transactions, you should also check whether the inputs of the transaction are also unconfirmed.



I think one of the biggest factors of not having Bitcoin in accepted in physical stores is that employees need to understand how to use Bitcoin too before it can be accepted.
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