pontiacg5, you've displayed your youthful ignorant idealism. All the governments of the world are into regulation. Doing a few high profile prosecutions on pools will be enough to scare the rest of them to enforce the regulations on you. Once there are 51% of the pools who are refusing blocks from pools which don't attach their signed regulated control number, then your movement to a unregulated pool means you earn precisely zero and your ASIC is a brick.
You don't seem to understand that the bankrupt masses are against you. They will support their governments' attempts to stop tax evasion and get control over the movement of money, because for one reason the government pays them.
More hogwash, CC transaction times are in the order of days, you just never see that.
What are you smoking?
I had a merchant account. Verification is a few seconds.
If you are referring to when the cash is transferred to the merchant account, that is irrelevant because from the customer's perspective it is instant because the merchant trusts the credit card company to fulfill the payment 95+% of the time.
Online transactions, that don't much care about a ten minute delay, are still worth a decent chunk of change.
Hell no. I hate that 10 minute delay. It slows me down a lot. I don't have 10 minutes to wait when I have several transactions to do, in fact where they were sequentially ordered and I couldn't do them in parallel.
And often it is more like 20 - 30 minutes.
They also benefit from other features of bitcoin.
What benefits for your average consumer? I see only disadvantages and no benefits.
Faster block periods doesn't require no generation of new coins.
Btw, Bitcoin's generation of new coins declines eventually to virtually 0.
All this time the other currencies are taking, you admit "quite a while" are loosing ground every day. If it takes too long, people are not going to want to change. To do so would undermine the entire trust in the whole thing, someone is holding the bag, either customers, merchants, or the most likely - everyone. Why would they want to do the whole shebang all over again?
You don't want your ASIC becoming a useless brick. I understand now the motivation for your myopia.
Not to say they can't co-exist together, which just adds a whole 'nother layer of complexity to the "feds is gonna get you!" theory.
Indeed altcoins offer more opportunities to experiment with what might be more stable against threats. Most will not succeed, but some or one might.