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Here's Why People Don't Buy Things With Bitcoin (vice.com)

An anonymous reader shares a report: One reason for this, if you live in Toronto like me (or anywhere else for that matter), is that there's basically nowhere to spend digital coins in the real world. Coinmap, a service that maps bitcoin-accepting locations all over the world, shows a few places that accept bitcoin in Toronto, but it's clearly out of date -- I called several businesses listed on the site and they had no idea what bitcoin even is. A bigger problem is perfectly illustrated in a Reddit post from Wednesday morning complaining that a bitcoin transaction worth just $9 still hasn't gone through the network after two days of waiting. Two. Days. The likely reason is that the fee attached to the transaction in order to incentivize faster confirmation -- 50 cents, which is about as much of a premium as I'd pay for a $9 transaction -- simply wasn't enough. "Should I have paid $3 on a $9 transfer to get it processed?" the person wrote.

1 of 376 comments (clear)

  1. Re:bitcoin isn't real, either by zieroh · · Score: -1, Redundant

    You just proved why BTC will never become a standard.

    Ahem. Bitcoin is already a standard. It is the premiere cryptocurrency, by a long shot. If there is anything that isn't up for debate, it's whether Bitcoin is a standard or not. Your complaint is that it will never be used as a currency the way dollars, pounds, euros, (etc) are for day-to-day transactions.

    But guess what? Almost everyone involved in Bitcoin gave up that idea a long time ago. The only ones who are still fixated on this point are the people who use it as some kind of "aha, gotcha" proof that it will never be a "standard". The joke is on you. While you tilt against the currency windmill, the rest of the crypto world has moved on to more ambitious goals.

    --
    People who say "sheeple" have about as much sophistication as an AOL user, and in fact are probably actually AOL users.