My brother bought a second hand car a week ago, and he went into the bank to transfer the money for the car to the dealers account at another bank. The dealer already finished all paper work and
transfer of ownership and also road worthy testing and insurance etc, but cannot deliver the car to him, because the money has not been successfully transferred by the bank. They have a 48 hour
transfer period between different banks. In this day and age, we still have to wait for a minimum of 48 hours to successfully transfer money between banks.
Everyone should stop complaining about Bitcoin transaction confirmation times, because with the correct fees, you will rarely see anything like this happen under normal {non-stress test} conditions.
You just have to love Bitcoin.
transfer of ownership and also road worthy testing and insurance etc, but cannot deliver the car to him, because the money has not been successfully transferred by the bank. They have a 48 hour
transfer period between different banks. In this day and age, we still have to wait for a minimum of 48 hours to successfully transfer money between banks.
Everyone should stop complaining about Bitcoin transaction confirmation times, because with the correct fees, you will rarely see anything like this happen under normal {non-stress test} conditions.
You just have to love Bitcoin.
What country are you in? In US, this takes exactly 0 hrs, not 48 hrs.
Consolation: your bro didn't miss out by not using BTC, most car dealers don't take it
Made a mistake this morning and took out < snitp >
Since you occasionally make mistakes like that, probably should stay away from BTC: make a mistake your money's simply gone. All of it. No one to call
https://bitcointalk.org/index.php?topic=1384355.0