PlusOneCoin (PLUS1USD)

[Mokyo Toe]

Well, I would be lying if I told you Trade Satoshi is not a clumsy, clunky, fairly user-unfriendly site to use. Keep in mind, this is all noob-babble:

At its heart, it is no different than any other market. You slap the ask, whack the bid, or set your own price and wait for a fill.

Of course, then you have obtained btc, but it is locked up in Trade Satoshi's grubby hands. So, you'd need a btc wallet to have it secure at home. Btc wallets are annoying because they can take days to sync the first time. Trade Satoshi is annoying because they set minimums for withdrawals.

Then, if you need cash, you gotta send that btc to a cash market like Coinbase. Keep in mind that you lose a transaction fee each time you move coinage anywhere. Then, ya gotta wait for Coinbase to send you the green, which usually is slower than most people are accustomed to.

So, is it not confusing? No, it is plenty confusing. And time-consuming, and sometimes costly.

And until this mess is streamlined into a simple system the public and merchants can actually use as currency, instead of just collecting it, I'd say crypto has not yet proven itself. Buying a loaf of bread is technically possible if you are flush with PLUS1's, but the steps and costs and time necessary to make it happen makes it not worth it except for the crypto-obsessed.