| Those are two very separate things solved in different ways. Chinese exchanges and transactions per second are very orthogonal. > Bitcoin as a retail currency doesn't seem to be going anywhere. I buy things online with btc much more than a credit card, so I beg to differ > Robocoin, the Bitcoin ATM company, just went bust. They made huge and expensive ATMs that aren't necessary for what most people try to do right now, which is buy bitcoins. You can literally buy parts and make your own ATM. > Lots of companies nominally accept Bitcoin, but that's just a shopping cart program talking to Coinbase or Bitpay for immediate conversion. As opposed to credit card transactions? Don't blur the issue of accepting payment and a business keeping and therefore investing in bitcoins. > the conversion costs
Less than credit card fees. 1% as opposed to 3% off your revenue stream matters quite a bit, not to mention no charge backs. |