Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work
by bobby_9x on Friday February 12, 2016 @03:12PM
(#11090150)
You can argue this point all you want, but Bitcoin is not really getting any support from the masses until it's brain dead easy.
Most people understand that when they swipe their card, dollars are taken out of their account. It's a fairly simple process and pretty easy to understand.
Bitcoin is much more complicated. You need to have files on a hard drive, a wallet, and to send bitcoin, it's non-trivial.
Not to mention all of the crappy insecure websites getting hacked left and right. I know of at least 3 people that bought Bitcoin and lost it all because it was deleted accidentally.
There is also trust there. I run a business using business credit cards and I need to file disputes occasionally. 99.9% of the time, I get my money back with a few phone calls.
This will never happen with Bitcoin.
To make it as easy as a credit card, there needs to be a central authority..which is against the whole premise of Bitcoin.
Most people understand that when they swipe their card, dollars are taken out of their account. It's a fairly simple process and pretty easy to understand.
Bitcoin is much more complicated. You need to have files on a hard drive, a wallet, and to send bitcoin, it's non-trivial.
Not to mention all of the crappy insecure websites getting hacked left and right. I know of at least 3 people that bought Bitcoin and lost it all because it was deleted accidentally.
There is also trust there. I run a business using business credit cards and I need to file disputes occasionally. 99.9% of the time, I get my money back with a few phone calls.
This will never happen with Bitcoin.
To make it as easy as a credit card, there needs to be a central authority..which is against the whole premise of Bitcoin.