* Hard to use, you need to exchange "real" money to use it - you can't just link up your bank account like on Paypal and start using it right away.
* You either need to totally trust a 3rd party provider with your money (and if they lose/steal it - that's your problem) or run a clunky and slow application on your computer which requires several GBs of HD space (faster, lighter apps are coming)
* Slow, a transaction can take 10-20 minutes to finish (which means that you can't get instant order confirmations/digital product delivery like people are used to when paying with Paypal/Credit Cards).
Hard to use, you need to exchange "real" money to use it - you can't just link up your bank account like on Paypal and start using it right away.
Transfering money is suppose to be instant and easy with bitinstant.
You either need to totally trust a 3rd party provider with your money (and if they lose/steal it - that's your problem) or run a clunky and slow application on your computer which requires several GBs of HD space (faster, lighter apps are coming)
For the main client, this is defintely a problem. There's already bitcoin clients that doesn't relies on downloading several GB of the blockchain.
Slow, a transaction can take 10-20 minutes to finish (which means that you can't get instant order confirmations/digital product delivery like people are used to when paying with Paypal/Credit Cards).
There's a company called ringcoin that provide instant confirmation service for bitcoin.
ok, but can you explain why Bitcoin is not starting to fill out this shoe already??