That was a reply to the original question. As for your question, I think it could be much less.

Hello. I can't wait to get into the Politics subforum so I can post some rebuttals to the resident propaganda so prevalent there.

It seems to take about 3 business days - an eternity, so to speak.

About four hours and five posts. And the only reason I'm even saying that is so I only have two posts left to make.

Major problems include:

- The fact that transactions can be tracked by software
- Anonymity where you don't need it and lack of anonymity where you do
- Inability to instantly verify a transaction
- No strong infrastructure behind it, and when such infrastructure is in place, a lot of the the things which BitCoin is supposed to be that other currencies are not goes away
- BitCoin seems to be popular with the unscrupulous
- BitCoin policy seems to be mostly managed by a fringe political group
- BitCoin suffers from increasing uncertainty of its circulation over time, which results in decreased valuation

With all that said, BitCoin does have some viable opportunities in the third world if instant transactions can be developed for the cell phone market.