2. High consumption of electricity in running the network etc.
What is the problem here? The banking system uses a lot more electricity, yet people never complained, not even ecologists. Most of the electricity to mine comes from renewable energies. The energy that would otherwise be lost: even if there is no demand, the sun continues to shine, it doesn't care if you need electricity.
1. Slow transaction rate
When you pay something with your VISA it's not a settled payment but an authorization. Visa process transactions once a day. So it's like saying it takes 24 hours to get the transaction completed. wow Bitcoin is super fast =)
Plus there is no way we can reach Satoshi Nakamoto so that he can approve of this swap coin proposal and endorse the move.
And you think if Satoshi comes back from nowhere he will have something to say. Like "hey I decide now, you obey"
