There's been 4 donations of 1.0 BTC but none larger. I set the default at 1.0 BTC; perhaps I should increase it!
I'm taking a coursera class (Startup 101 by Stanford) where we'll use BTC to fund our projects. But it seems like it's more confusing to the average user to see a "Donate Bitcoin" button on my page. I'd rather it just say "Donate" and have my payments processor accept any local currency.
Also, the Winklevoss twins are BTC speculators.
They have dealt with the ecentricities of their local money their entire life. Bitcoin is new. In the end, from an objective standpoint, scanning a QR code and confirming the transaction is easier than dealing with debit / credit cards -> bank accounts -> checkbooks, etc. I still have a POS time with routing numbers and bank account numbers and those are effectively fiat bitcoin addresses.
Bitcoin is so much easier to use because all you need to use it is a bitcoin address.
To my knowledge there is no way for a first-time BitCoin user to make a purchase right away.
It isn't anything bitcoin can change - it is moving money from a chargeback system to one without a way to reverse transactions. If they allowed chargebacking, they would be exploited and go bankrupt.
Does anyone else think that BTC is the greater fool theory (http://en.wikipedia.org/wiki/Greater_fool_theory) ?
Will the world allow itself to be swindled by the Winklevoss twins? For all its advantages, it seems there will always be high risk and speculation to it.
But Bitcoin is also an incredibly small market and as such it's susceptible to manipulation from already wealthy individuals like the Winklevii. Unfortunately for them bitcoin are worthless without circulation (i.e. people willing to accept them).
Bitcoin gained a lot of traction and new blood this year, most of these newcomers are standing around wondering where things will go without thinking about why they invested in the first place. People also don't seem to understand it's still in testing despite the high value.
Maybe fiat money is the worst form of currency except all those other forms that have been tried.