Quote from: Come-from-Beyond on March 01, 2015, 07:49:49 PM

Your data is wrong, already discussed. Validation happens within 5 sec, money can be spent in 20 minutes. http://www.rbinternational.com

His data is not wrong, you are just being argumentative and speaking past him.
There is a difference between banks and between credit cards and debit/bank cards.
His statements apply moreso to credit cards.
Thus:

Credit Cards-
Transaction time (the time it takes to process a payment)
Bitcoin: 1-2 sec
Credit card: 3-5 sec

Money arrival time (the time at which the merchant actually receives the money and can spend it)
Bitcoin: 1-2 sec
Credit card: several business days

Confirmation time (the time at which the merchant can be sure the payment won't be reversed)
Bitcoin: 10 minutes - 1 Hour
Credit card: 3 - 6+ months

Bank/debit cards-
Transaction time (the time it takes to process a payment)
Bitcoin: 1-2 sec
Bank card: 3-5 sec
Paypal -1-2 sec

Money arrival time (the time at which the merchant actually receives the money and can spend it)
Bitcoin: 1-2 sec
Bank card: ~2 days
Paypal - 1-2 sec

Confirmation time (the time at which the merchant can be sure the payment won't be reversed)
Bitcoin: 10 minutes - 1 Hour
Bank card: 6+ months as chargebacks can still occur and create a negative balance on your account
Paypal - 6+ months as chargebacks can still occur and create a negative balance on your account

Just because you can spend paypal and certain debit card funds right away doesn't mean that those funds cannot be reversed at a later date and all your bank accounts and assets frozen. This happens all the time.