Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Future
by
bitkilo
on 25/03/2017, 08:24:29 UTC
For the moment. Bitcoin is ideal for internet shopping, because transaction time does not play a major role in the overall transaction, as transportation takes long to deliver. If someone tries to use it for over the counter transactions, it’s not suitable. So as Bitcoin evolves and technical issues get solved, then Bitcoin will gain significance. So I expect for it, to be significant in the future.

Exactly, because of this feature of bitcoin it takes place to the whole economy of this industry (online), it gains significance to the people where it leads to the needs of people to continue of the ease transaction and service that bitcoin gives.

Not many people think of the problems a lot of these online retailers are now facing when transferring all the small bitcoin payments they receive throughout the month into a cold storage wallet, the fees for all these inputs add up to a large transaction quickly that can now cost in excess of $10 to have confirmed on the network.
If bitcoin is to have a bright future then the blocksize needs to be increased and soon before too many people lose confidence.