Same here, I've been watching bitcoin for a while, and thought about tossing a few hundred dollars at it to play around with the technology, and to leave a couple of coins in case it catches on over time. However, the process looks like a nightmare.
I expect things to be instant. Why can't I buy a few bitcoins with my credit card and have them in my account within the next few minutes? Why do I need to go through this lengthy verification process? Why are there countless complaints about people having difficulties converting bitcoins back into dollars? I understand a lot of this is outside of bitcoin's control, but with these kind of hoops to jump through, I can't see it ever catching on. I expected more, and the entire thing feels unpolished and amateur. When people recommend using craigslist or ebay, dealing with random strangers and paying a 25% premium just to get a simple coin, it's a failure.
I expect things to be instant. Why can't I buy a few bitcoins with my credit card and have them in my account within the next few minutes? Why do I need to go through this lengthy verification process? Why are there countless complaints about people having difficulties converting bitcoins back into dollars? I understand a lot of this is outside of bitcoin's control, but with these kind of hoops to jump through, I can't see it ever catching on. I expected more, and the entire thing feels unpolished and amateur. When people recommend using craigslist or ebay, dealing with random strangers and paying a 25% premium just to get a simple coin, it's a failure.