having read many of the other posts, I have to agree.....while I am fascinated and amazed at the bitcoin concept and becoming obsessed with its commercial possibilities....it is sadly more than fraught with problems...
1) getting hold of bitcoins anonymously is indeed like something out of the bourne supremecy and takes major hassle and headaches in the UK at least....buying ukash codes, then trying to convert to USD to use on cashu to finally get to mtgox....or using other online guys taking a whopping 20% !!...as for using paypal or CC....forget it !!!
(if i dont want a trace to my bitcoin purchases its a real headache !!) or dont have a bank account to use...its more than tricky...any advice on the process and reduing the whopping transaction,commission costs appreciated.
2) for all the blah blah about how well this currency will do, as it stands, its dead in the water without bridging the gap between real money, cash, cards, banks and bitcoin. As an online merchent with nearly 20 years experience online and growing an online business from peanuts to $500,000 per annum, I can say, that the everyday online customers will not use or go near bitcoin until it is majorly simplified and user friendly.....
3) pricing......another trickty area as any payment systems needs to be linked or some poor sod merchent will be forever having to change his/her prices to reflect the unstable nature of bitcoin values....just this week having bought 2-3 items by BTC, it has cost me a lot more....
3) Also there does need to be some movement towards buyer protection too. Everyone sparks on about the benefit to sellers as no chargebacks etc are possible....yet we forget, you will never make this payment successful without offering buyer protection. As without serious trust online, and seller rep...no possible protection for the customer is bad news for the seller.
be keen to see others ideas on this, as I really want to be part of making bitcoin work....and want to get solutions for all the reasons why it wont, so it will
1) getting hold of bitcoins anonymously is indeed like something out of the bourne supremecy and takes major hassle and headaches in the UK at least....buying ukash codes, then trying to convert to USD to use on cashu to finally get to mtgox....or using other online guys taking a whopping 20% !!...as for using paypal or CC....forget it !!!
(if i dont want a trace to my bitcoin purchases its a real headache !!) or dont have a bank account to use...its more than tricky...any advice on the process and reduing the whopping transaction,commission costs appreciated.
2) for all the blah blah about how well this currency will do, as it stands, its dead in the water without bridging the gap between real money, cash, cards, banks and bitcoin. As an online merchent with nearly 20 years experience online and growing an online business from peanuts to $500,000 per annum, I can say, that the everyday online customers will not use or go near bitcoin until it is majorly simplified and user friendly.....
3) pricing......another trickty area as any payment systems needs to be linked or some poor sod merchent will be forever having to change his/her prices to reflect the unstable nature of bitcoin values....just this week having bought 2-3 items by BTC, it has cost me a lot more....
3) Also there does need to be some movement towards buyer protection too. Everyone sparks on about the benefit to sellers as no chargebacks etc are possible....yet we forget, you will never make this payment successful without offering buyer protection. As without serious trust online, and seller rep...no possible protection for the customer is bad news for the seller.
be keen to see others ideas on this, as I really want to be part of making bitcoin work....and want to get solutions for all the reasons why it wont, so it will