No. Creditcards take 6-12 months for their first confirmation, I dont see anyone complaining about that or any customers camping 6 months because they paid for a coffee with a CC.
Credit cards take 5 sec for their
first confirmation.
Well, that's really not a 'confirmation' in the sense of 'becoming irriversible' of 'going from pending to permanent' (as is the case with Bitcoin).
I'd say this pretty much sums it up:
Transaction time (the time it takes to process a payment)
Bitcoin: 1-2 sec
Credit card: 3-5 sec
Money arrival time (the time at which the merchant actually receives the money and can spend it)
Bitcoin: 1-2 sec
Credit card: several business days
Confirmation time (the time at which the merchant can be sure the payment won't be reversed)
Bitcoin: 10 minutes
Credit card: 6+ months
So, what was the problem with Bitcoin, again?