Forget Google - It's time to break up the payment processing duopoly of Visa and MasterCard

submitted by magnora7 from medium.com

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[–]Double_A 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah but if you want people to buy groceries with bitcoins... The pure blockchain approach is not going to work. You can't wait 10-20 minutes in a store, and pay 10s of dollars of fees to pay 20$ of groceries. You need some faster more insecure sidechain (i.e. lightning) but then you didn't solve the problem. Bitcoin is more like Gold bars...

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

right, bitcoin, is like gold bars, but better, it is like a store of value, yes, you're right, it wont work in grocery stores, and un-usable when millions of people start using it at once

but bitcoin isnt very old, and the problems eventually will be solved, as they are building more layers, like the tcp/ip layer we can't except bitcoin to be perfect out of the box, no software is, with time it will be fixed,

ive been buying monthly since 2013, because i see what the future holds, and the future is bitcoin, i can finally opt out of the fiat system without violence, and i have 0 debt bitcoin saved me