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11 May 2013
When I was a small boy and needed clothes, my mother would take me
to the Best's department store, where we'd pick something out, and then
go to pay for it.
The clerk would take the money and the slips, put them in a cylindrical
container, and send them off with a whoosh through a pneumatic tube to
After a delay of what seemed to me to be about a week and a half, our
change and receipt would whoosh back, and we could go.
Buying things with Bitcoin is a lot like that.
It's really, really slow to use, like ten minutes
to several hours per transaction.
While there are workarounds to speed it up, they all break some
of the aspects of Bitcoin that make it different from normal money.
See more ...
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