Topic: Reaction time (Read 466 times)

My humble opinion..the problem with Bitcoin right now is the reaction time ..by that I mean...the lag between funding (at any exchange that is) ...buying the bitcoins..transfer them (waiting for confirmations..) and being able to buy or sell on the exchanges during times of volatility such as this time...(when exchanges have huge lags or go off line altogether..lol).
Yeah ..you will say ..that is bitcoin..but this simple fact is deterring large scale adoption.The money are there..proven fact..people grasp the concept slowly..there is a desire for an alternative way to negotiate payments online and bitcoin fits the bill IMHO..and bitcoin is here to stay..it can not be stopped unless you stop the internet...lol..I did not found that switch yet.
So to recap..the time we are going through right now will have many people think twice about buying into something that they have no control when they need to have that control..the onus is on the bitcoin community to develop more reliable/faster ways to handle the bitcoins  or face the risk of becoming a geeks fad and park itself on a lateral street (not the Wall Street)..you get my drift..  

P.S. - The media is having a blast tonight criticizing bitcoin...here in Canada on CBC radio they had a "UK funds specialist" depicting how people buy into bitcoin with the false hope of saving their money...but she was mum when asked about Cyprus and the haircuts happening all over the map..lol..so bitcoin is under attack my friends..but any publicity is good publicity ;-)