Quote from: PilotofBTC on June 20, 2019, 05:03:59 PM

Quote from: Get-Paid.com on June 20, 2019, 01:18:07 PM

You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

It's faster than Visa.

Visa payments are instant. You insert, swipe whatever your card on the POS and it gets confirmed in seconds.

Quote from: Artemis3 on June 20, 2019, 05:20:27 PM

In my home country wire transfers can take one or two days, but only during workdays. The country I'm in now, they are used to wait one or two weeks, and this is among local banks, not international. Bitcoin is lightning fast next to that.

I particularly tend to transfer at 1 sat/b (the minimum), i don't mind waiting a couple of days. If the network is congested, it usually confirms overnight. Nothing like those dreaded first months of 2018.

Comparing apples and bananas with carrots.
Just because the banking system sucks in one country it doesn't mean it is everywhere like this.

When bitcoin zealots try to show how fast bitcoin is they always put in the comparison the worst situation for banks.
If you're going to talk about different banks why don't you do the same for cryptos, like how hard is to transfer eth to somebody when you only have bitcoins in your wallet? That would be fair!

Also, just how many people do you think are making international bank transfers? I've probably done two or three in my entire life!

On a chain, transactions can't compete with banks! There is a limit of around 400-500k transactions per day.
If 10 million people would try to make a tx in a day, for 3 millions of them it will take longer than two weeks to confirm the transactions.
With the traditional system or with visa you will never experience this.

On chain transactions have limits, once we deal with the LN, that's a whole different story but that was not the point here.