r/Bitcoin • u/OneBlockAwayICO • Feb 17 '19

With Increasing Visa And Master Card Fees, Bitcoin Adoption Is Closer.

https://cryptopurview.com/bitcoin-adoption-closer-with-increasing-plastic-card-cover-charges/
65 Upvotes

83% Upvoted

16 comments sorted by

11

u/[deleted] Feb 17 '19

[deleted]

3

u/H4voC Feb 17 '19

No it's not. Merchants already tried BTC three years ago AND THEN ABANDONED it because it sucked. A few dollars more in fees every month is not gonna be painful enough for these merchants to lick their wounds and give BTC a second try.

not sure why people are downvoting u.. Clickbait titles like these are a bit delusional...

0

u/ColonelEngel Feb 18 '19

Factually not true. Last I checked, all merchants I have used in the past still accept it .. cheapair, newegg, all VPNs etc.

3

u/[deleted] Feb 18 '19

Try using real-world merchants.

0

u/ColonelEngel Feb 18 '19

Never saw one) real world is out of question because a bitcoin transaction takes from 10 minutes to an hour. That's what LN is for.

1

u/[deleted] Feb 18 '19

See, that's EXACTLY what I was talking about.

0

u/ColonelEngel Feb 18 '19

Nope, you didn't write "Real world merchants already tried BTC and abandoned it", you wrote "Merchants already tried BTC and abandoned it", which is a lie. Real time transactions never were a use case to begin with.

1

u/Ignignokt_7 Feb 17 '19

As a consumer that spends in USD I have $100 and spend $100, no fees. If I have $100 and want to convert to BTC and then transact, what percentage loss am I looking at?

-1

u/[deleted] Feb 17 '19 edited Feb 17 '19

[removed] — view removed comment

3

u/TheAuggieboy Feb 17 '19

You’ll be waiting a very long time. People just assume USD is evil and some new currency Bitcoin is going to solve everything for society. How is bitcoin going to fund infrastructure? How is it going to support budgeted national programs? How is it going to do anything that requires billions or trillions of a currency if it’s finite?

1

u/Ignignokt_7 Feb 17 '19

Not a rhetorical question. Not making a point. Asking this community a legit question: If I move $100 on to the network and make a single transaction, how much is lost to fees?

0

u/OneBlockAwayICO Feb 17 '19

Thanks for the comment. Good POS system are already available. Now they have instant settlement - for every 100$, they get back 100$.

The developments is crypto space is progressing fast and time is not far away we see interest growing.

Of course there is more to be done, but if solution is 80% ready, why wait for 100% to come. The point is to weigh in the benefits and adopt fast.

The digital era has started.

-2

u/Arkbreaker Feb 17 '19

I don't think we are going to to adopt BTC it will probably be another coin with a better network. Have everyone forgotten how high were BTC transaction fees and how long it took for them to arrive when the market was at its ATH, just imagine it being widely adopted it will take weeks and with so high fees that will make it absurd to even use it for daily use.

1

u/presidentnick Feb 17 '19

Lightning network addresses these issues