Quote from: Ayebabara on Today at 06:23:58 AM

I don't have bitcoin yet but planning to acquire it. I have been in the forum for sometimes now though I am not regular, but studying whenever I visit the forum. And noticed one thing about bitcoin. Bitcoin is a digital money for trading, payment of goods and others. But what I noticed is that, bitcoin cannot be used to buy and pay some instant services and goods. Examples, you want to buy banana on the way while driving from a hawker, will you use bitcoin to pay the bananas? Because the way I am looking at it, it is possible but the delay in transfer is the concern here. Bitcoin transfer is not like the bank transfer in which we received instant allert within 2-3 minutes time. I know some people will say set the transaction fee high then you can pay whatever you are buying with instant alert. I don't think someone will pay something with BTC and the transaction fee is very high and double the amount you want to pay for the goods.

So I want to know in such situation, what will you do? I am asking this question because bitcoin is a digital currency for exchange of goods and services. I know that there are some services you pay ahead but what of the ones you are buying instant? You just came to the place and you want to buy from the hawker and zoom off, and you are to pay with bitcoin because there is no physical cash in your wallet/pocket/hands. And because of the delay in payment I was thinking that not everything we see can be purchased with bitcoin, is it true?

bitcoin transfer is also instant. just check blockchain and you see your payment has been broadcasted immediately.
confirmation are "slow" requires as a median 10 minutes but once confirmed is confirmed.
With classic bank transfer payment could be always reversed (even 30 days later). ok maybe for a banana this will not happens but it must be taking in account.
In any case make a replace-by-fee transaction for paying a "cheap" object is useless. I mean you will pay 1 dollar + 0,10 cent of fee, I don't think it's a viable solution double spend this amount and add bigger fee...

Generally speaking nowadays you can pay everything with btc just because there are several method to instant cashout your coins if are not accepting directly.