When will it happen? - page 2. | Bitcointalksearch.org

richardsNY

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Quote from: CARrency on June 04, 2017, 03:20:35 PM

About benefits, it is efficiency, paying efficiently without pulling up your wallet, and then gave you your change, you justneed to scan a code and you're done, that is what I am saying.

I was not referring to cash money transactions. I always pay wirelessly with my bank card or smartphone. In this case, it's pure convenience as transactions settle instantly, are free, plus I enjoy buyer protection. Also, in order to start spending Bitcoin, you need to obtain it first -- so again, what added benefit does Bitcoin exactly offer here?

karabasss

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

The problem of long transactions must be solved. I think that in the near future all parties to the conflict will reach a consensus. And then many stores will be able to take bitcoin as payment for goods and services

CARrency

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Quote from: richardsNY on June 04, 2017, 02:19:48 PM

Why is it that people feel the need to buy coffee or whatever with their coins, while fiat works perfectly fine in that regard.... I know that it's fun and interesting to do it once with Bitcoin, but the main point of importance is that it offers me zero benefits over how I pay with fiat. In order to make it worthwhile to at least give it a try, Bitcoin must perform equally as well as fiat in order to draw attention. Right now this is by far not the case.

I know, that is not the case, but the point is, it is a digital currency, it is not that far from using that currency in paying such cheap items. About benefits, it is efficiency, paying efficiently without pulling up your wallet, and then gave you your change, you justneed to scan a code and you're done, that is what I am saying.

maku

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Quote from: FlamingFingers on June 04, 2017, 02:08:54 PM

Just focus on the development, solve the scaling issue/debate/whatever, which leads to the high transaction fees being solved, and your dream will come true. Bitcoin price represents no issue at all – it has 8 decimal digits; you can break it into as many Satoshis as you want, no problem.

Even with scaling issue solved, the upgraded bitcoin won't be good to use it as everyday payment method.
When you think only of using on-chain transactions to buy coffee at the gas station - this probably won't be possible.
It is foolish to think that bitcoin could be scaled on chain to reach for example 100tx/s - it's ridiculous thought.

richardsNY

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Why is it that people feel the need to buy coffee or whatever with their coins, while fiat works perfectly fine in that regard.... I know that it's fun and interesting to do it once with Bitcoin, but the main point of importance is that it offers me zero benefits over how I pay with fiat. In order to make it worthwhile to at least give it a try, Bitcoin must perform equally as well as fiat in order to draw attention. Right now this is by far not the case.

FlamingFingers

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Just focus on the development, solve the scaling issue/debate/whatever, which leads to the high transaction fees being solved, and your dream will come true. Bitcoin price represents no issue at all – it has 8 decimal digits; you can break it into as many Satoshis as you want, no problem.

CARrency

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Quote from: eaLiTy on June 04, 2017, 12:59:54 PM

Did we really dream about using bitcoin for purchasing grocery Cheesy

i never had a dream like that,i do consider it as an asset class which can be transferred , moved and stored with ease and i do consider these sort of minor payment solution as an added bonus,if you think like that then the problem will be solved. Tongue

Lets say i purchase some crude in the commodity market,will i be using that crude as an asset class or a raw material . Roll Eyes

You can read the post again and I did not said that "we" dreamt about it, I said it give me a push to earn them and see what these digital currency can do which is, used as a payment, and yes, that is the point, bitcoin is more like an asset now rather than a real currency.

eaLiTy

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Did we really dream about using bitcoin for purchasing grocery Cheesy

i never had a dream like that,i do consider it as an asset class which can be transferred , moved and stored with ease and i do consider these sort of minor payment solution as an added bonus,if you think like that then the problem will be solved. Tongue

Lets say i purchase some crude in the commodity market,will i be using that crude as an asset class or a raw material . Roll Eyes

CARrency

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Quote from: YuginKadoya on June 04, 2017, 08:34:06 AM

Quote from: arwin100 on June 04, 2017, 07:57:43 AM

Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

Actually we doesn't know on when do bitcoins gain more popularity and on when it will be implemented on more shops but as of this days I can't see any offline shops accepting it and I'm totally wondering on how could bitcoin doesn't reach for this establishment while as we see price are heavily pumping so hard and it can actually be the + points unto it so this coin will gain more additions, But who knows by maybe this time is not the right time for its addition but im so sure that we can see great news about it in near future.

If you are reading the news on Coindesk and other news providing sites that is all about bitcoin, many merchants are now on the go in some countries, I think you are not seeing something like these maybe because bitcoin is not really accepted in your country such as U.S., Denmark, Sweden, South Korea, Japan, The Netherlands Finland, Canada, U.K. and on July 1 Australia is gonna officially accept bitcoin these are the list of I know of countries that are bitcoin friendly and Direct Transaction are possible.

I've read these too, the problem is, the rumours about these upcoming August and UASF, are they really planning to split the network? Why don't they just make another altcoin, no need to make bitcoin with these. Eventhough August is months away, these news is causing panic making users sell their bitcoins making another dump.

Creepings

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

Bitcoin is not that popular when I started earning it, it is at price of $560 and not really interested on using it, just want to invest some of my money and gain profit. But while I am here in the forum, I've learned so much and read many things that changed that perspective, I want a place where I can use bitcoin to buy any where, but that will not be happening, with the unstableprice of bitcoin, only few stores will be accepting bitcoin. Paying a coffee is also hard to do, unless it is fixed in the future.I think another altcoin will be used to these kind of payment and not bitcoin.

adzino

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Buying small things with bitcoins like have a cup of coffee or grabbing something to eat on your way to work is currently absurd cause of the current transaction fee with increases the over price you pay for it. Pay small fee? Then you will have to wait for hours maybe days to get your coffee. We need to wait till a better fix is out there.

BitFinnese

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I believe some of you idea like buying a mug coffee with bitcoin won't happen since the transaction price is way higher than the coffee we are buying and besides Bitcoin is not intended that way. Though we can still buy bags of coffee with bitcoins online. There are lots of shops that are accepting bitcoin now. And if not directly, there are third party company that is happy to serve us as bitcoin processor and be able to buy us what we needed.

Snorek

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world.

Bitcoin won't be global official and fully legalized currency, it is safe to assume that it will be always linked to alternative economy instead.

Quote from: CARrency on June 04, 2017, 07:50:41 AM

Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us.

Buying coffee with 'pure' bitcoin was never an option. This is not possible with on-chain transactions. The only way is to push scaling off-chain.
I expect that in the future with Lightning Network it will be possible.

Quote from: CARrency on June 04, 2017, 07:50:41 AM

With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

Price of btc won't be a problem, ever. You can buy any amount of Bitcoin really, you are not limited to buy whole 1 BTC.

Optimiza

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My take:
If bitcoin core wins the scaling war, then the roadmap would be that current bitcoin blockchain will be base layer were only big and infrequent transactions take place (the settlement layer); then on top of that the plan is to implement another layer called the lightning network where all the cheap transactions take place at substantial increases in speed. Once the lightning layer is operational then merchants and coffee buying can take place but before this is in place I see it difficult; judging by the progress (idea started around 2015), I think it could be a couple of years at least before the lightning network becomes operational.

If the bitcoin dissidents were to win the war, then the cheap transactions and speed increases will occur by increasing 'block size' in the blockchain; which will see reduced transactions and increased speed in faster time-frame at the expense of increased centralization of the network later (which is dangerous as then the network is more susceptible to attack by external agents).

In either case, the war needs to be resolved first. Perhaps this year; it should be as soon as possible, because other blockchains are catching up fast.

ladydark

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

At first,all expected that bitcoin payment will be accepted by most merchants due to its quick transaction and low transaction fees.But now in today's situation,with such a big transaction fee and very long time taken to confirm,its very hard for small merchants to accept bitcoin payment.Unless a solution is found for this problem,mass adoption of bitcoin payment by small merchants would become very hard.

maydna

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

if there is any local store that accepting bitcoin, i think we can pay that product with only using QR code and pay with our bitcoin. but for now, i think there is only a few local store that wants to use bitcoin because bitcoin is not already accepted in most of the country especially in big country. but i believe that in someday, if there are many big country accepting bitcoin and allowing people for using bitcoin, then there will be local store that wants to use bitcoin as the payments. until that time is come, i think we only can use it in the internet to buy something or we can save it in our wallet.

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

how far are we from these way of using bitcoin?

This is a BS to ear of "investors" for explain the cause of "immenent rise of demand on exchange market".
Due to high volatility and confermation time non one in sane mind use BTC in retail business.

shinratensei_

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Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

There is an answer to your question is the scaling agreement in the future.

The reliable transaction fees of bitcoin worth more than just a cup of coffee.

This time bitcoin can't be considered as a micropayment, but just to safe you're economic to gets better privacy than trying to safe your amount outta here.

Just 6 months before the scaling agreement with get real implementation on the bitcoin itself.

Be patience and we will see the true micropayment again. Roll Eyes

lizardbtc

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Who knows when we will see this. I am very confident that more and more merchants/stores will accept bitcoin for regular customer to buy online. We don't know where it will lead as bitcoin is still experimental if I may say this. On the other hand I don't see bitcoin to be used everywhere, as it just couldn't cope with it because of how it was code and the other thing is that you can only transfer funds if you have electricity and the internet.

But I do believe that it can be the universal internet currency and be used like that. Something like PayPal and other online processors. With bitcoin you don't trust anyone else you trust the trustless system.

Baofeng

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Quote from: 2bfree on June 04, 2017, 08:35:55 AM

Quote from: CARrency on June 04, 2017, 07:50:41 AM

The time I've decided to earn bitcoin is when I have heard that bitcoin might be the future currency of these world. Bitcoin will be a payment to shops where you can pay without pulling out your wallet and just scan their QR code. Pay a coffee just by scanning a QR code, but we are not realizing these way of paying little by little is slipping away from us. With the price and the problem of transacting using bitcoin, how far are we from these way of using bitcoin?

What you described will never happen (that is my guess). But I might be wrong.

We will just have to have and see what will happen on Aug 1. If this will solved the current higher transaction fees that we are experiencing. But if you are talking about being mass adopted, I think it has slowly gaining momentum as some countries are embracing bitcoin like local currency. You can check Japan. Australia is only on board on July 1 as well.

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