Quote from: mk4 on June 12, 2020, 01:02:05 AM

Quote from: GreatArkansas on June 12, 2020, 12:36:49 AM

Just like Bitcoin; banks can be a traditional and Bitcoin becomes much easier and comfortable to use.

Does it ring a bell?
It's kinda the use of Bitcoin is much comfortable since we just need a Bitcoin wallet and internet connection to make the transaction.

Potentially in the future. But right now? I really don't think so. Sure it might be really easy to do a transaction for the decently technologically-literate person. But for the masses? Probably not. Self-custody is still a bit of an issue in my opinion as being really security conscious is something that most people aren't used to, as people have been too spoiled with the just-call-us-when-you-have-a-problem structure that most financial platforms have; which obviously Bitcoin doesn't have when talking about having self-custody.

That, and there are other things that are sort of "foreign" to the masses like volatility, fees, backing up private keys(instead of just having your typical login credentials and having stuff conveniently backed up in the cloud), and such. Self-sovereignty definitely also has it's downsides.

Exactly. There is no such thing as "backend support" if something goes wrong with bitcoin transaction. Once you made a transaction you made it and no one can revert it on the blockchain.

This will be chaotic when users are mistakenly using in app purchases but later they don't wanted to have it. In today's time, Google easily overcomes this problem with trail period. If you don't like the services you get refund.

Who would trust the refund function when it will come to anonymous transaction of bitcoin ? Good for the money taker but not for the giver.