Let me say first of all that I agree bitcoin is inferior for many use cases, in part by design and in part due to immaturity. However:
>Waiting 1-2 hours for a transaction is unacceptable. Don't tell me about oddballs like Namecheap that sells products that are free to copy and can be revoked at any time.
Two hours is not the time that bitcoin transactions require. It is, rather, the time until full irreversibility, and it compares favorably to the same figure for conventional transfers like wire, ACH, and depositing a check.
Do you claim credit cards are useless because merchants have wait ~30 days before they get their money for sure? Or checks given that they take 7 days to clear? No, because intermediaries and protocols are layered on top of them that facilitate sufficient trust for quick confirmation.
So you're right that the protocol by itself is insufficient for PoS, and right that there aren't mature payment systems for bitcoin, but that's no different than most non-cash payment systems.
>Getting money in and out is a hassle and doesn't seem to get better. ... [People] were all turned off by how slow it is to get money in and to perform a transaction.
That's a problem for users but only because it inherits the problems with the rest of the financial system to the extent that you want to interface with it.
>Waiting 1-2 hours for a transaction is unacceptable. Don't tell me about oddballs like Namecheap that sells products that are free to copy and can be revoked at any time.
Two hours is not the time that bitcoin transactions require. It is, rather, the time until full irreversibility, and it compares favorably to the same figure for conventional transfers like wire, ACH, and depositing a check.
Do you claim credit cards are useless because merchants have wait ~30 days before they get their money for sure? Or checks given that they take 7 days to clear? No, because intermediaries and protocols are layered on top of them that facilitate sufficient trust for quick confirmation.
So you're right that the protocol by itself is insufficient for PoS, and right that there aren't mature payment systems for bitcoin, but that's no different than most non-cash payment systems.
>Getting money in and out is a hassle and doesn't seem to get better. ... [People] were all turned off by how slow it is to get money in and to perform a transaction.
That's a problem for users but only because it inherits the problems with the rest of the financial system to the extent that you want to interface with it.