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The incentive to use Bitcoin is near-zero transaction fees. Merchants can and do share those savings with customers. Any future where Bitcoin fails will still

by natrius 12y ago

The incentive to use Bitcoin is near-zero transaction fees. Merchants can and do share those savings with customers. Any future where Bitcoin fails will still have near-zero transaction fees because the technology exists to enable that today. Describing such a future without describing what has outcompeted Bitcoin seems incomplete.

jfoster 12y ago
Consumers expect chargebacks to be an option, and if their bank account gets compromised, for the bank to reimburse. That stuff is possible (AFAIK) on top of bitcoin, but it needs to be funded somehow. I think that if bitcoin goes mainstream, the fees may end up looking similar to existing payment solutions.