This thread is a joke.
Go try out Visa, Mastercard, etc... I'm sure you'll love the 3-5 business day "confirmation times" and extra fees as an added bonus.
and besides, if Bitcoin doesn't succeed, another cryptocurrency will with shorter required confirmations. now go back to your troll hole.
I agree another Crypto currency may take over but if it has the same limitations as bitcoin it will also not succeed. Lets be realistic. I can make a transaction with Visa in an instant with next to no fee. I am currently waiting for a transfer between wallets that has taken over 4 hours and now has a double spend error attached to it. I am semi computer literate and can not imagine why an everyday person would take the risk besides hoping to make some money off the roller coaster that is Bitcoin. Bitcoin is around for no other reason then bitcoins sake. You can call me what you like but I will assure you 100% that Bitcoin will never become mainstream in its current state.
I have done transactions before and the time frame is problematic. You are wrong! Bitcoin in its current state will be used for nothing more then selling and trading with its self.
PS. bring it on mother fuckers. If you can not see the limitations with Bitcoin you are a dumb ass bitch.
op has obviously never run a business. op is not aware of the 3% hidden tax on all cc transactions. op,was never around back in the day when they had to make copies of cc and call them in when cards first came out. op has not read nor does he understand the revolutionary idea brought forth nor does he care to.
op - no one is forcing you to be here. gtfo.
This
Visa/MC/Amex ONLY work because:
A) YOU the consumer WILL pay APR or will at least need to make additional time to pay this separate CC bill from your main account
B) YOUR merchant will pay the fees and STILL wait 3 days for the funds to hit their merchant account & they are charged merchant fees for being able to process [
notice how the govt mentions things like "merchant fees are too high" so we only take Cash, Check, or Money Order.]
C) Bank accounts and Credit cards have their own slew of problems - I've had transactions declined despite having the funds available, I've had to wait several days just for a deposited check to be cleared to spend it. I've been charged a fee from my bank for doing more than 6 transfers between a linked checking and savings account.
D) These credit card issuers have had several decades (nearly a half a century) to allow for their infrastructure to be accepted. You can only use them as widely as you can because the corporations that issue/license credit cards have themselves spent billions of dollars on advertising and infrastructure. Btc is a grassroots type of thing where individuals who have little to no profit motive work hard to foster adoption.
Just so you know: cussing WILL NOT make you a billy badass on the internet, unless it is used in a humourous manner to where it enhances your conveyance of personality:
example.