Hi,
Well for all the plusses, all the hype, all the talk of global change. There is ONE SMALL chink in the bitcoin Armour. For all the zero transactions, anonymity, security etc etc
IT IS TOO DAMN SLOW !!
Unless bitcoin can match paypal/credit card for speed of use, all the pluses will be forgotten as joe public is left waiting for 10 mins, 2 hours or even the next day wondering if his/her bitcoin transaction has confirmed.
Seriously, in light of the massive surge in bitcoin, currently driven by hype and stock broker mentality buying and speculating. IF bitcoin is ever to take over paypal and its other cronies, we need to be as quick.
Or, it will forever flounder as an experiment, great for blackmarket, some merchants will offer it but...that will be its zenith reached.
The whole concept of online transactions is INSTANT. SPEED, ONE CLICK...JOB DONE.
Bitcoin cannot offer this as the current rate of how the block chain works.
Thank you for you purchase, you might have the auction you wanted, you may have got the domain you wanted but give us a few hours or well, could be 10 mins, could be tomorrow and we will let you know if your transaction completed in time to get the purchase you wanted.
Ya righty !!....Ill use paypal or credit card.
lol