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> the possibility of near-instantaneous money transfers. Maybe the possibility. In actual fact, don't bitcoin transaction confirmations sometimes take >24 hour
by ForHackernews 9y ago
> the possibility of near-instantaneous money transfers.
Maybe the possibility. In actual fact, don't bitcoin transaction confirmations sometimes take >24 hours?
- tom_mellior 9y agoSometimes. You can throw money at the problem, but yes, it's a gamble. It should be all that easier for banks to beat this, but they don't.
- splintercell 9y agoI can even make a bitcoin tx take more than a month by not attaching any tx fee to it. Attach a higher fee, and it will get cleared in 10 mins, attach a lower fee, and it would take time.
- ForHackernews 9y agoSo that seems...much worse than "legacy" banking solutions. Here in the UK, I can send an extremely fast (matter of minutes) "faster payment" to any UK account for free, and a pretty-darn-quick (matter of hours) SWIFT transfer to any European account for a very low flat fee.