3 ms·
> Nobody is using bitcoin for buying coffee or sending micropayments to websites. I was, I've spent more Bitcoins than traditional currencies on buying actual
by AlexAltea 9y ago
> Nobody is using bitcoin for buying coffee or sending micropayments to websites.
I was, I've spent more Bitcoins than traditional currencies on buying actual products during last year (electronics, games, hotels, flight tickets, etc.). That ended, 1 months ago when fees rose to a point limit that made such relatively small operations inviable.
That said, I still hope for new cryptocurrencies to provide a solution to scalability issues. Maybe https://failsafe.network/ https://failsafe.network/ or maybe something else.
- riffraff 9y agoYou paid flights with bitcoins? Who accepts them?
- Mtinie 9y agoA fair number of vendors, actually. The first comment in this Reddit post has a list: https://www.reddit.com/r/Bitcoin/comments/6pgxb6/where_can_i_buy_plane_tickets_with_bitcoin/ https://www.reddit.com/r/Bitcoin/comments/6pgxb6/where_can_i...
- AlexAltea 9y agoI used https://www.abitsky.com/ https://www.abitsky.com/ and if BTC fees decreased I would use them again without hesitation.
- bsaul 9y ago"That said, I still hope for new cryptocurrencies to provide a solution to scalability issues" But, if this is indeed a new cryptocurrencie, it will drain value out of bitcoin, and bitcoin will then be worth nothing. The only scenario in which bitcoin isn't a bubble and has intrinsic value as a currency, is if the payment problems you mention, as well as liquidity issue, are solved by bitcoin itself.
- LaikaF 9y agoBitcoin Cash solved the issue by just increasing the block size. Its fees are pretty low.