Re: Difficulties when using Bitcoin

#4
KingKing wrote:
December 17th, 2017, 9:51 am
Did anyone find using Bitcoin and other cryptocurrencies more difficult than fiat cash? Which problems did you face in practice and how to overcome it?
According to a special report published by the Bloomberg news agency, despite the fact that the digital currency is registering its highest values in history, the system that is in charge of verifying Bitcoin transactions - the Blockchain - at this moment presents great difficulties because of the long waiting times that users must wait for their transactions to be made.
Currently, the number of transactions pending in the Bitcoin Blockchain is five times larger than that registered a year ago, which has generated large delays motivating many users to pay increasingly higher fees to accelerate the confirmation process of operations, making the digital currency in some cases as expensive or more expensive than using Visa or PayPal.
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Re: Difficulties when using Bitcoin

#6
adoyleleiva1991 wrote:
February 2nd, 2018, 6:37 pm
KingKing wrote:
December 17th, 2017, 9:51 am
Did anyone find using Bitcoin and other cryptocurrencies more difficult than fiat cash? Which problems did you face in practice and how to overcome it?
According to a special report published by the Bloomberg news agency, despite the fact that the digital currency is registering its highest values in history, the system that is in charge of verifying Bitcoin transactions - the Blockchain - at this moment presents great difficulties because of the long waiting times that users must wait for their transactions to be made.
Currently, the number of transactions pending in the Bitcoin Blockchain is five times larger than that registered a year ago, which has generated large delays motivating many users to pay increasingly higher fees to accelerate the confirmation process of operations, making the digital currency in some cases as expensive or more expensive than using Visa or PayPal.
What should we do to make Bitcoin more useful? Or it's impossible and we need to find/create an altcoin to replace cash and leave Bitcoin as a long-term investing tool? 🤔😲
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Re: Difficulties when using Bitcoin

#7
KingKing wrote:
February 3rd, 2018, 7:59 am
adoyleleiva1991 wrote:
February 2nd, 2018, 6:37 pm
KingKing wrote:
December 17th, 2017, 9:51 am
Did anyone find using Bitcoin and other cryptocurrencies more difficult than fiat cash? Which problems did you face in practice and how to overcome it?
According to a special report published by the Bloomberg news agency, despite the fact that the digital currency is registering its highest values in history, the system that is in charge of verifying Bitcoin transactions - the Blockchain - at this moment presents great difficulties because of the long waiting times that users must wait for their transactions to be made.
Currently, the number of transactions pending in the Bitcoin Blockchain is five times larger than that registered a year ago, which has generated large delays motivating many users to pay increasingly higher fees to accelerate the confirmation process of operations, making the digital currency in some cases as expensive or more expensive than using Visa or PayPal.
What should we do to make Bitcoin more useful? Or it's impossible and we need to find/create an altcoin to replace cash and leave Bitcoin as a long-term investing tool? 🤔😲
Maybe, It could be. But even bitcoin still has a way to go. :D
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Re: Difficulties when using Bitcoin

#8
adoyleleiva1991 wrote:
February 7th, 2018, 8:48 pm
KingKing wrote:
February 3rd, 2018, 7:59 am
adoyleleiva1991 wrote:
February 2nd, 2018, 6:37 pm


According to a special report published by the Bloomberg news agency, despite the fact that the digital currency is registering its highest values in history, the system that is in charge of verifying Bitcoin transactions - the Blockchain - at this moment presents great difficulties because of the long waiting times that users must wait for their transactions to be made.
Currently, the number of transactions pending in the Bitcoin Blockchain is five times larger than that registered a year ago, which has generated large delays motivating many users to pay increasingly higher fees to accelerate the confirmation process of operations, making the digital currency in some cases as expensive or more expensive than using Visa or PayPal.
What should we do to make Bitcoin more useful? Or it's impossible and we need to find/create an altcoin to replace cash and leave Bitcoin as a long-term investing tool? 🤔😲
Maybe, It could be. But even bitcoin still has a way to go. :D
Or they will have to create a stronger and more homogeneous one. :?: :?: :roll:
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Re: Difficulties when using Bitcoin

#9
The main difficulty would be predicting when to buy and sell and how I will spend it.

the pricing has been spiking a lot up and down recently but its expect. This is a long run cryptocurrency.

For payment, the speed of transaction needs to increase or else no one would take it on as a mainstream payment system. Tap pass and other payment systems are almost instant unlike crypto right now. Mastercard is looking to create a payment system with them for an instant transaction and I can see that if this happens, crypto could become mainstream even with the price spikes.
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