Hey guys,
It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?
What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?
Tully
There are fees with bitcoin too but that aspect of bitcoin still favors bitcoin when compared to credit card fees. Still though, to the average user, .0001 is too much of a transaction fee for too many average transactions. People really need to be more careful with the fees in bitcoin. I don't think it should ever be a percentage like it is with credit cards and I think that 10,000 satoshi should be respected as WAY too much of a transaction fee. Such a large fee discredits the value of bitcoins.
Other than the fees, the user experience is hugely problematic. Nerds and geeks who eat/sleep/breath tech will tell you all is just fine but don't listen to them because they only speak for themselves and NOT for mass adoption of bitcoin. Improve the user experience and bitcoin can be valuable and it has to happen sooner than later or else some other commercial enterprise will just issue the equivalent of wooden nickels and further discredit alternate currencies.
Of course then there are plenty of people who could care less about mainstream adoption and would be fine with it staying as it is now or even going further underground.