Quote from: YS84 on July 24, 2017, 05:27:04 AM

Quote from: Siren on July 20, 2017, 12:28:25 AM

Quote from: Wesimon on July 20, 2017, 12:20:51 AM

Quote from: jorneyflair on July 19, 2017, 09:43:40 PM

Quote from: webcrypt on July 19, 2017, 04:24:51 PM

Why use Bitcoins ?

I keep seeing threads on why don't people ? The real question to me is Why would they ?

-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.

I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.

Bitcoin was not designed in the way you are describing it. Bitcoin was not made for people to use it to buy groceries and everyday spending with. It is meant as an investment option, similar to gold. Bitcoin is also fairly anoymous, especially if you use multiple addresses. Think of bitcoin as gold and compare them. They re both investments but Bitcoin has the abilibity to be spent online.

I agree, at this time, you cannot use bitcoin for paying groceries and other small stuff that needs instant payment. It is preferrably used for big transactions like trading and investments. Since bitcoin is volatile, it is more advisable if you invest bitcoin.

Correct. Currently with the fees problem, we cannot used bitcoin for micro payment scheme. It may defeat the purpose of bitcoin, but I honestly it will succeed once the high fee will be resolved. So bitcoin right now is for the big boys, specially in the field of trading and investment because the price is very high. Again, if the features will improved in the near future then bitcoin can be used to buy online or even in groceries. But that remains to be seen.

Good explanations, current situation bitcoins cannot use to buy stuff in the groceries or markets which we are using day today. however, it can be used online in the investment.

Well I'm confident after the issues with small block size are able to be resolved hopefully August 1 then with a faster confirmation and low transaction fees Bitcoin will become useable on a daily basis and these grocery merchants will start accepting them.