It seems Bitcoin is not standing up to the test of use as currency (that is to say heavy use). I tried to pay someone 0.009BTC (about $150) for some goods which I need in a fairly timely manner. As if I was ordering some supplies from a crafts store. It has been 5 days and the transaction has not been verified. From what I read it may never be verified, i.e. there is no guarantee by design for the transaction to ever be mined, not to mentioned mined in a timely manner. say what you want about the banks, but when I spend fiat currency the transaction goes through immediately and the party I send the funds to can use the funds immediately. And I get my purchased goods in a timely manner. Not so with BTC. As the transaction volume is growing the system is breaking down to the point of being useless as currency. I am not even talking about being able to spend $5 for a hot dog (I am likely die of starvation before the $5 transaction becomes verified). I am all for crypto currency and bypassing the banks, but this model is simply dysfunctional.
Am I wrong? Am I missing something? Is it just growing pains? I think it's like that by design, which is not good.