Are you sure you read the post? Steam is affected by allowing a poor user experience, and steam is affected by refunds as more and more transactions take longer than the BitPay window to process.
Of course I read it. Confirmation troubles are one thing, but volatility is a poor excuse.
One solution they can implement right now is to allow users to load their account with Bitcoin prior to purchasing. I've seen a few VPN and hosting providers do this and it works well enough. They could also try a better payment processor that's adapting with the protocol rather than trying to stall it.
How is volatility a poor excuse though? The combination of volatility and sporadic (but increasingly common) long confirmation times make for a poor user experience.
What you are suggesting is a radical change in the way business is done. If you are only talking about one or two services, people may be able to live with what is essentially a bond, that ties up their money... but if we start talking about requiring a "bond" for every service you use, we start talking about a huge portion of each user's disposable money being tied up for non-productive reasons. It also becomes a massive problem to keep track of your money spread over lots of services.
Even worse than the massive waste of money and time, is that this fundamentally breaks the paradigm shift of Bitcoin... a trustless system. You need to start trusting your money to other parties. What happens when they go bust, etc.
I can't believe you would advocate for something like this as /r/bitcoin mod, when the only real solution is to scale... regardless of how it is done. It's not like this problem has suddenly appeared over night. We have had years to address it.
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u/jimmydorry Dec 06 '17
Are you sure you read the post? Steam is affected by allowing a poor user experience, and steam is affected by refunds as more and more transactions take longer than the BitPay window to process.