I love the idea of crypto currency and I really do think, one day, some form of it will be out future. But Bitcoin today just doesn't fit that bill at all.
In my recent experience, payments confirm ~5 times within an hour or so.
> too cumbersome for he average consumer
The BitPay wallet is very easy to use. And many sites now use payment URLs, so it's basically just click the link, and hit OK.
> and its value fluctuates so much that you'd have to have dynamic pricing.
I haven't seen anything in recent memory that doesn't use dynamic pricing. Many sellers say something like "this Bitcoin quote is good for X minutes". And the payment URL doesn't work if it's expired.
>In my recent experience, payments confirm ~5 times within an hour or so.
Really not fast enought for the camgirl/camboy use case
Many VPN providers issue connection credentials with zero confirmations. Because reversal is nontrivial enough that it's worth the risk.
So I guess that it'd be the same for camboys/camgirls.
not sure I understand... did you mean trivial enough?
I mean, I've used Bitcoin since the start, and I don't know how to reverse transactions. I don't believe that it's easy, even in full clients.
But I admit I dont know enough about the network to understand if that even makes sense
If you have a few minutes and a few dollars in bitcoin, install Breez wallet, and try it with a few sites like yalls.org.
Note: This obviously doesn't solve the value fluctuation problem.