The Reasons Why Bitcoin Until Now Can Not Be Used Buy Anything

You may have heard of bitcoin, a digital money that is worth $ 4,000 USD. However, what you do not know is a bitcoin baseball can be used to buy anything normal. One of the reasons, if you live in Toronto like me (or anywhere on Earth like Aceh, Palangkaraya, Cirebon to Jakarta), you can not find a place to spend this digital money. Coinmap, a service that maps the locations of bitcoin recipients around the world, won in detecting multiple locations in Toronto that received bitcoin as a means of payment. The problem is, this data is outdated. I've proven it by calling a business service that Coinmap detects. The answer that I can make me stumble. They do not know what bitcoin it is.

The bigger issue about using this digital currency is perfectly translated in a Reddit posting last Wednesday. The maker is rumored that a $ 9 bitcoin transaction is still stuck in a bitcoin network when he has been waiting for two days. The reason may be that the administrative costs of speeding up the 50-cents transaction are not enough. "Do I have to pay $ 3 to get the teefer cepet wrong?" said vt_dev the post uploader. "That's an idiot, if you're dumb!".

This means that, at the peak of bitcoin network traffic, if you want to pay for $ 3 coffee, you may have to pay $ 3 or more administration fees to make your transaction smooth. Restaurants (or bars or cafes) will not baseball ngebiarin you just ngeloyin until the transaction is settled. The problem is, already know the system is problematic like this, these places really still want to sell their goods with bitcoin.

This is not a new problem: last year, we wrote about how impossible to buy a cup of coffee. Worse yet, the debate about the right solution to this problem splits the bitcoin user community. Some splinter groups propose their own solutions.

In an original bitcoin scheme, one solution to speed up the speed of bitcoin tissue, Segregated Witness, is designed to run the next day. If this does not work, there are plans to do a technical fork for the process of halving bitcoin-November next to implement Segregated Witness and doubling the data block of transactions. In addition, another digital currency, bitcoin cash, has been completely inseparable from bitcoin. This ultimately increases data block transactions up to eightfold. But, whatever the solution later, obviously this bitcoin can not be used any transaction.