Quote from: DustyRah on January 24, 2018, 10:54:30 PM

Quote from: sjefdeklerk on January 24, 2018, 05:10:12 PM

Quote from: camaund on January 24, 2018, 04:53:17 PM

Burger king also accepts BTC as payment

Of course not. Who is going to pay $60 fee for a $6 hamburger? Or wait hours to see if the payment even went through?

Quote from: Heartstrings on January 24, 2018, 05:12:07 PM

The fact that Bitcoin payments and holdings aren't covered by insurance is already a risk businesses or even individuals need to consider... I don't blame businesses that try to keep safe..

Well, unlike credit cards, Bitcoin does not have charge backs using which payment processors sting the merchants with fines on top of already lost funds. This is one of the primary reasons that many little merchants have started accepting Bitcoin because when an order does come through with Bitcoin payment, it can be processed as soon as the number of confirmations are met without any worry of fraud.

That is an incentive to use bitcoin for the merchants but it is not good for the consumers since they feel unprotected, that is why a system of escrows needs to be put in place in order to protect them, however that is not enough, we need to give an incentive to consumers to use their bitcoin and with the huge fees that is simply not possible, once the fees become cheap again we will see bitcoin being used as a currency once again.