> And how do I send money to pay a bill with pre-existing systems?
>
> Pay a third party like Venmo, Square, etc a fee, or use my banks (also horribly designed and bad UX system) to send the money slower than watching paint dry. I'd rather pay the Bitcoin Miners that fee than a third party or even by bank.
Don't forget giving them cash or a check, or a credit card, as billions of people do every day. Fees are a fair point but that's purely a cost and timeliness question: Bitcoin historically has been slower and more expensive but it certainly could be useful as a competitor to horrible companies like Paypal if it can keep the costs down and transaction times low, not to mention scaling the system by 7+ orders of magnitude.
The catch, of course, is that this is not the path to world domination which features prominently in the sales pitch. That caps the maximum value at the percentage Visa, Paypal, etc. charge and if Bitcoin ever matured into serious competition, the credit card companies have plenty of margin to cut.
Don't forget giving them cash or a check, or a credit card, as billions of people do every day. Fees are a fair point but that's purely a cost and timeliness question: Bitcoin historically has been slower and more expensive but it certainly could be useful as a competitor to horrible companies like Paypal if it can keep the costs down and transaction times low, not to mention scaling the system by 7+ orders of magnitude.
The catch, of course, is that this is not the path to world domination which features prominently in the sales pitch. That caps the maximum value at the percentage Visa, Paypal, etc. charge and if Bitcoin ever matured into serious competition, the credit card companies have plenty of margin to cut.