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?
I dont really see anything going wrong, except that those who dont know how to make use of it would make serious mistakes at the start and will be losing their money by sending to the wrong address. Well, whatever you do there will always be people complaining, so its likely to be the same with this one if it happens, but the way things are working on Amazon are quite good so I dont see any reason for them to use Bitcoin.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?