Re: Instant transaction speeds the the counter, via an escrow ? (also for iPhone )
Hi,
In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Not this shit again... In order for bitcoin to ever (truly) be able buy a coffee, sandwich, magazine, groceries,...
transaction speeds of bitcoin payments at the counter must be instant.
Bitcoin transactions ARE instant.
Please, newbiews, stop saying Bitcoin transactions take 10 mins. It's 1 sec!
Or do we also have to wait in coffee shops, sandwich bars, etc. until our credit card payment finalizes and becomes irreversible? Because that's several MONTHS.
Here's what you're actually comparing:
Bitcoin payment processing: 1 second.
Credit card payment processing: a few seconds.
Bitcoin payment becoming irreversible: 10 minutes.
Credit card payment becoming irreversible: several months.
I think it's credit cards that need to be changed
