Confirmations are an issue, but it is very clear that bitcoin is infinitely better than a bank account. Anybody who thinks that is secure is not paying attention. It is only insured because of our domineering global policy at least in the US.
Why are confirmations an issue? Bitpay does fine taking zero confirmations. My frustration is when vendors/exchanges require confirmations at all -- then it can be frustrating when your transaction is the one that waits 1 hour for a single confirmation!
