Do you think Bitcoin works as a payment method?

Do you think Bitcoin works as a payment method?

  • Yes

    Votes: 16 18.6%

  • No

    Votes: 70 81.4%
  • Total voters
    86
Dave said:
Did you really just quote and answer your own post??

Figures...

:crylaugh: :crylaugh: :crylaugh:
Click to expand...
On mobile but Yeah, be petty.

I also cashed out Bitcoin after buying at 7400 at selling at 308 000 so yes, I also have cash to buy bottled water. I've also bought a house, sunk a borehole and added a filter so I have drinking water out of the ground. No need for bottled water

You sound like one of those sour dudes that missed the bus... shame
 
Juggy said:
I also cashed out Bitcoin after buying at 7400 at selling at 308 000 so yes, I also have cash to buy bottled water. I've also bought a house, sunk a borehole and added a filter so I have drinking water out of the ground. No need for bottled water

You sound like one of those sour dudes that missed the bus... shame
Click to expand...

What does any of that have to do with the thread topic or the discussion about electricity and internet?

This isn’t a thread about crypto investments...
 
Here's a stat for you guys.

Yesterday the average confirmation time was 190 hours. Yes really.

It's a spike though...so lets go with an hour instead as a representative average. Dunno what you guys are doing but I expect a transaction on my credit card to go through in sub 10 seconds.

Still not clear? Stripe (one of the biggest payment processors) abandon BTC as a payment method yesterday (presumably what triggered this thread). As did Steam (biggest online game distrib).

17.46% of mybb are complete idiots.

With Lightening...one day maybe...but as it currently stands BTC is useless as a payment method.
 
HavocXphere said:
Here's a stat for you guys.

Yesterday the average confirmation time was 190 hours. Yes really.

It's a spike though...so lets go with an hour instead as a representative average. Dunno what you guys are doing but I expect a transaction on my credit card to go through in sub 10 seconds.

Still not clear? Stripe (one of the biggest payment processors) abandon BTC as a payment method yesterday (presumably what triggered this thread). As did Steam (biggest online game distrib).

17.46% of mybb are complete idiots.

With Lightening...one day maybe...but as it currently stands BTC is useless as a payment method.
Click to expand...

I find it incredible that people ever became so desperate to fight over Bitcoin considering its limitations. I suppose the possibility of a quick and high ROI is enough for most people.

I read about IOTA the other day:
https://iota.org/

Seems like the sort of cryptocurrency we should be using. Zero fees, different blockchain setup, no squabbling about how it's managed, no weird data limits and other benefits that I can't appreciate because I don't know that much about this stuff.
 
No. Completely useless as a payment method. Super expensive transaction fee, ridiculously long wait to confirm.

Currently cheques almost clear faster than bitcoin transactions.

We live in interesting times, Bitcoin is InfoSeek, Lycos or AskJeeves. Time will tell which crypto is google.
 
No, conventional currency more stable. These crypto-currencies are just glorified Ponzi schemes(my opinion)
 
Bitcoin as payment, oh YES!

Jamie McKane said:
Do you think Bitcoin is successful as a payment method?
Click to expand...

Never failed to make a successful payment, you just need to understand currents and the supplier/store needs to interact with the same system... works every time for me!
 
No.

The currency fluctuates too much. Consumers will be scared to use it and supliers will be afraid to accept it.
 
neoprema said:
the fluctuations are the killer. By the time you've pulled out your phone and scanned a barcode and the vendor gets the coins and converts them to currency they could either gain 20-40% or lose it... too volatile for a store to do business.
Click to expand...

Where have you ever seen a 40% gain/loss in a few minutes? A 1% movement in 5 minutes is very rare. Go search the Bitcoin charts and post a pic if you can find anything close to 40% in a few minutes.

For the last week in fact, the Rand has been just as volatile as Bitcoin.
 
No. Bitcoin is equivalent to a pack of cards that is continuously being shuffled and could collapse at any moment. Beginner takes all.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X