Quote:
Originally Posted by Taco John
Now ask yourself this:
If I'm Amazon, and I'm considering accepting crypto-currencies, what am I looking for?
1. Something that is cheap to transfer both domestically, and globally.
2. Something that has near real-time transfer times.
3. Something that can scale to millions of simultaneous transactions and still maintain speed.
Here's a graph that charts all three of these with the incumbents:
Don't take me wrong. I don't love Ripple. I'm completely unattached to any emotion about them. I'm just looking at the basic facts and asking myself which currencies make sense for what applications. For buying a home, I probably don't need a 3 second transfer time. I can probably be patient with an hour transfer time. But if I'm Amazon and I'm taking money for a trampoline that somebody bought on my website, I'm not going to want to wait an hour to validate that transfer. I'm going to look for the cheapest, most adopted coin for that, no? |
Doesn't cost anything to accept bitcoin, but yes I see your point. I heard actually a couple of years ago Amazon accepted bitcoin for one day. I'm sure Amazon would love to accept bitcoin, but they are so heavily entrenched with law makers now that they decided it wasn't in their best interests. Whatever coin they do eventually accept will probably see a speculative boom in price once it announced or discovered by insiders.
Segwit wallets are already helping Bitcoin transaction fees. If you have a legacy wallet, that may be why your fees are so high. Also, use a wallet that allows you to customize your fee. You don't need to be sending bitcoin transactions at 999 sat/byte if you don't need them confirmed in minutes. I recently switched my more liquid bitcoin holdings to all Segwit wallets. Keep in mind though, Bitcoin is touted as being a very secure if stored correctly, RELATIVELY anonymous store of value. That is where it's value lies IMO. Without bitcoin, alot of these alt coins at exchanges would be screwed.
Electrum, Samurai, Green Wallet all have SegWit wallet options.