Not really. The current issue in terms of transaction fees is a relatively recent one. If they can bring 'lightening network' into the mix, then that will be a game changer. That won't come fast - as the BTC developers put the security and integrity of the network above all else. However, this is not a short term project.There are fundamental contradictions here. BTC proponents argue that ultimately it will have value as a transactional currency. They admit that it certainly has no traction in that role at present. And with $20 a transaction it has no hope of getting traction. But, the argument goes, these high transaction fees are because of the current price and the current cost of puzzle solving.
Bitcoin Investors may be banned from using funds to buy properties in the UK:
http://www.dailymail.co.uk/news/article-5265605/Bitcoin-investors-face-BANNED-using-gains.html
" .... one public sector worker who made £40,000 from investing in digital currencies was refused a mortgage as he was unable to prove where he got obtained the money."
He was refused a mortgage because he was unable to show the source of his funds.
The Daily Mail, seriously!!!
I use Bitcoin (indirectly) every day to pay for everything and anything. I have a Xapo card which is affiliated with VISA. So I can use this in shop that accepts Visa. On purchase, my bitcoin is automatically converted to euro for a very small fee.
That said, it does raise the question about whether an alternative crypto with faster payment processing and cheaper transaction fees might be more suited to high volume, low value transactions than Bitcoin ?
Watched the video.Things are really looking good for 2018. Layer2 scaling solution coming online now : Lightning network.
Making instant payments for basically zero fees.
https://www.youtube.com/watch?v=48uSd4eQfZs
Schnorr signatures next.
I think it is quite relevant. They went to some effort to produce this video. I see them as almost evangelists who are in pursuit of a promised land. These are not greedy speculators, their dream is a bitcoin that truly acts like a currency. The price they are using is aligned with Investopedia's thought piece around adoption rates of 15% or more of the World's currency needs, that is as important as the mighty dollar. This is their vision.And who cares what the video maker thinks of the bitcoin price, its absolutely irrelevant...
Are you trolling? I never question any of the technologies at play here. The topic is about the use of bitcoin as a currency. fpalb has alluded to scalability being an issue for bitcoin which this lightening thing will solve. The video is informative in letting us see what the advocates (as opposed to speculators) for bitcoin see as its final destiny as a transactional currency. The choice of the prices in the video illustration was not a casual oversight but a genuine reflection of where these folk see that destiny.I am sorry, I still do not understand...
What does the price estimation / prediction of the person who made this video got to do with the reliability of the code written to facilitate lightning transactions?
Apple Pay is already using QR Codes too.For a start Visa swipe works far better, no messing around to align QR codes.
In a nutshell, yes.I think it is quite relevant. They went to some effort to produce this video. I see them as almost evangelists who are in pursuit of a promised land. These are not greedy speculators, their dream is a bitcoin that truly acts like a currency. The price they are using is aligned with Investopedia's thought piece around adoption rates of 15% or more of the World's currency needs, that is as important as the mighty dollar. This is their vision.
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