Bitcoin Forum
December 12, 2017, 02:51:10 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Reaction time  (Read 372 times)
AmunRa
Full Member
***
Offline Offline

Activity: 195


I use recycled electrons


View Profile
April 12, 2013, 02:24:39 AM
 #1

My humble opinion..the problem with Bitcoin right now is the reaction time ..by that I mean...the lag between funding (at any exchange that is) ...buying the bitcoins..transfer them (waiting for confirmations..) and being able to buy or sell on the exchanges during times of volatility such as this time...(when exchanges have huge lags or go off line altogether..lol).
Yeah ..you will say ..that is bitcoin..but this simple fact is deterring large scale adoption.The money are there..proven fact..people grasp the concept slowly..there is a desire for an alternative way to negotiate payments online and bitcoin fits the bill IMHO..and bitcoin is here to stay..it can not be stopped unless you stop the internet...lol..I did not found that switch yet.
So to recap..the time we are going through right now will have many people think twice about buying into something that they have no control when they need to have that control..the onus is on the bitcoin community to develop more reliable/faster ways to handle the bitcoins  or face the risk of becoming a geeks fad and park itself on a lateral street (not the Wall Street)..you get my drift..  

P.S. - The media is having a blast tonight criticizing bitcoin...here in Canada on CBC radio they had a "UK funds specialist" depicting how people buy into bitcoin with the false hope of saving their money...but she was mum when asked about Cyprus and the haircuts happening all over the map..lol..so bitcoin is under attack my friends..but any publicity is good publicity ;-)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!