Quote from: Kryptox on December 21, 2013, 11:57:13 PM

Quote from: 7Priest7 on December 21, 2013, 07:49:06 PM

BTC cannot and will not compete as a payment processor.
BTC lacks the ability to handle the sheer volume of transactions that the world needs.
I doubt BTC could handle Paypals daily load effectively,
we would be resorting to fees or long confirmation times.
It is important to note: current payment processors charge the merchant the fee.
In the case of BTC the consumer would be responsible for the fee/long confirmation time.

Nonsense. You're making some broad and uninformed declarations.

The irony in you calling my statements uninformed....

Read this then this.
Perhaps one day BTC will be to scale with a real payment processor, perhaps not.
No consumer is going to want to pay the fee with BTC when visa/mastercard/paypal charges the consumer no fee.
We could ignore confirmations, this will lead to merchant distrust after a few scammers create a few apps to inject false transactions.
Leading back to a huge issue, The 10 minute confirmation time(greater without a fee).
The confirmation time for a working cryptocurrency should be 1ms with no fee.

Lastly, I am ignoring you. You called my declarations uninformed, while citing no references to backup your opposition of my statements.