... Bitcoin is the single greatest development in payments since the credit card. There is nothing faster, cheaper, or more secure. ...
I'm tired of hearing the same tripe regurgitated.
-Bitcoin is tremendously slow. You aren't new to this, I'm sure you know how long six confirms take.
A CC transaction takes seconds.
So much for "fast."
You are obviously new to the fact you don't *need* six confirms.
-A CC transaction costs the consumer zilch. I also get to flyer miles as perks. The argument "the CC fee is already a part of the price" is valid, but opens Bitcoin to an identical one--the miners are compensated for processing transactions with block rewards, currently over 10% BTC market cap per year.
So much for "cheap."
The cost to the consumer is only one half of 'cheap'.
-More secure? How much of Bitcoin's market cap was lost to theft/hacks/scams? Start with Mt.Gox.
Bitcoin user has absolutely no recourse when his coin magically vanishes--due to his stupidity or maleficence of others.
CC, on the other hand, offers real buyer protection.
So much for "secure."
PEBKAC. *Bitcoin* is secure.
if you are going to call someone out for posting 'tripe' you ought to be a bit more convincing in your rebuttal.