Quote from: salstimda on February 18, 2014, 12:11:33 PM

Quote from: Jomppe on February 18, 2014, 12:08:52 PM

Quote from: MoonShadow on February 17, 2014, 06:59:04 PM

Quote from: Jomppe on February 17, 2014, 05:51:02 PM

You belong to the wealthy elite as long as the bitcoin price stays at these levels but have you considered the fact that the system has techinical problems and therefore cannot be used for currency.

That's a strange statement, since I've been using as currency for four years.

Based on the slowness of transaction.
It can be used for transactions that are rare (such as buying lambo or a castle in Estonia), but not for everyday purchases such as cup of coffee/tea and bag of food etc. You see, it is too slow for merchants (the 1st confirmation takes 10 minutes).
WorldCoin takes 30 seconds. The transaction is fully confirmed within 1 minute.

30 seconds or 1 minute is still way too long for a coffee or any other everyday purchase

nxt/nem will be instantaneous