medium of exchange
fair enough. we'll concentrate on that
I don't know why any American would care unless you want to store stuff you want to hide from the government. If you live in a country with a shaky financial system I think your point is valid. Similar comments apply to some of your other points I'm omitting here.
I just don't like this argument and don't think it's productive for us to even go down this path. It's basically a "if you have nothing to hide then why are you worried" argument, and I just don't buy into that mentality. I think financial privacy is a legitimate concern for any person, not just people with stuff to hide. But I know that opinion is not shared by everyone.
No, it's generally one business day. Maybe some people care about that, I don't.
Surely you can at least understand how transactional speed could be important to a lot of people, right?
I've never had this problem but can see where some might care.
Merchants typically like this feature because then they don't have to deal with chargeback fraud, or even legitimate chargebacks when a stolen credit card was used on their site.
The onus is on the bitcoin consumer to ensure that the company they are interacting with is reputable.
I get cash back by using my credit card, fwiw.
Credit card processors typically charge the merchant between 2-3% plus a set fee like $0.10 per swipe. bitcoin transactions can be done for a penny or less.
As a consumer you may not care because you don't see the costs directly, but I assure you that merchants pass on transaction fees to their customers in the form of higher prices.
Right now I don't see the appeal
And I don't blame you. But the bitcoin economy is growing.