Re: Future of Altcoins (LTC, etc)?

Can you buy a car with a creditcard in ten minutes? You'll probably get a call from your bank, and the paperwork will take longer than ten minutes anyway. Can you also count the money out and check every note isn't a fake in ten minutes?. They'll know who you are anyway since you have to prove many things before you can buy a car. And if in doubt, just wait for the confirmations. It's not a big deal.

People buy groceries far more often than they buy cars.

Have you bought anything with Bitcoin?

I have bought a couple small things online which waited for 10 minutes to confirm the transaction. I didn't mind the wait online but if I made more transactions or wanted to do this on the go then the 10 minute wait would be a huge inconvenience.

But you don't need to wait for the full confirmations. It's very unlikely that the money won't get there once spent. As I mentioned before, payment processors will insure against lost money just like banks or credit card processors would.