There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?
Works smooth and fast if merchants accept 0 confirmation payments but then they also take on them the risk of fraud. Otherwise some 15 mins is the norm for a payment. I think as a payment it works well for low cost items as 0 confirmations can be accepted since the potential loss of payment is a very small amount. Coinbase does this.
Then we could discuss the volatility but that will be straightened out at some point. I don't have any two cents on when or why.
Well you have a good point. Confirmation will really be a problem once we have this online payment thru bitcoin but I think we can solve this by changing our confirmation time with higher fees, but it will make more cost on our end.