I see a lot of people pushing for companies like Amazon to accept Bitcoin as a payment option. Have we considered the
implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use
this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to
be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.
We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to
accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.
Let's hear your thoughts on this?
Have you ever checked out the purse.io? If you have, then does it take up to thirteen hours for your payment to be confirmed? Lol. So if Amazon starts to accept Bitcoin the process will be the same like when you are making use of purse. I believe that Amazon has seen that Bitcoin will not be in good favor of their business, so there is no need for them to accept it. implications of these decisions? Let's say we cannot scale to "service" the need for millions of new people who would use
this technology for the first time. What a big embarrassment would it be, if people waited 13 hours for their transactions to
be confirmed. Doing this now will hurt Bitcoin more than any other "bad" thing that has happened to it before.
We need to wait for the perfect scaling solution to address this problem, before Amazon or any other big retailer starts to
accept Bitcoin as a payment option. The Lightning Network might get us close, but it is not a proven technology yet.
Let's hear your thoughts on this?
And by the way, we dont even need it. If you feel like you want to buy anything from Amazon, then do so by making use of the purse.io site and you will even get up to 25% discount 🙂