The Slow transaction speed [confirms], solutions, discussion. Wide adoption - page 4.

I would really really like to use bitcoins every day, for every day purchases, and as a merchant. Many talk of wide adoption.

But transactions are SLOW.

[EDIT WDC 15 Second confirms!!! loss of safety I know but people love it]

What is the solution to this?

I can only really see a system that accepts an amount of risk, or you have to send bitcoins to a merchant and then they issue a value card.

but how to overcome the slow confirms, you can't just stand in line for that long, or is bitcoin going to be a reserve currency, for buying houses and such like?

over to your views/solutions

EDIT: one of the the current advantages of Fiat is that it exists in electronic and physical forms, which means it is used for small quick OTC purchases and big purchases like houses. This give people a feel for what they are spending, ultimate speed and keeps them every day in the Grip of Fiat. True there are less "cash transactions", however for wide scale adoption it maybe that bitcoin has to enter the physical, ala Cassius like coins, or something like it from trusted vendors

Stored value card systems like the Octo in HK may also point to an alternative.

Topic: The Slow transaction speed [confirms], solutions, discussion. Wide adoption - page 4. (Read 4099 times)