Post
Topic
Board Bitcoin Discussion
Re: bitcoin is failing in replacing fiat in physical shops
by
ineededausername
on 15/02/2014, 16:25:11 UTC
This whole malleability fiasco has shown once again that zero confirmation transactions can not be trusted.

since its not practical waiting for 10 minutes for a payment to clear when buying coffee it seems to me that bitcoin will never go mainstream in physical shops.
any solution involving a third party to clear payments defeats the whole purpose of bitcoin.

any third party will effectively turn into a bank along with all the classical fractional reserve practices we have today.


IIRC I believe that BitPay runs a network of low-latency nodes that ensure that they can accept zero confirmation transactions.  Anyone using BitPay is unaffected.