Quote from: error08 on November 27, 2016, 01:59:15 PM

Quote from: btccashacc on November 27, 2016, 01:22:57 PM

Quote from: Kabul on November 27, 2016, 12:26:16 PM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.

Yeah, it could be a problem waiting confirmation while you are shopping, all this time I thought it doesn't really matter as you send bitcoin mean it a sent and irreversible, but it is not until the transaction confirmed. The founder and developers of bitcoin in collaboration with the miners aleady thinking about that and will resolve the problem, hopefully.

Everything is something quite serious problem if indeed all transactions require 1 confirmation in order to be processed, but if it's not necessary then it wouldn't be a problem. However all people sometimes do some mistakes that can make the confirmation level is quite low, so that all the things we do become delayed. And one of the things often do is make deals with fee low enough and did not meet the standards that have been set