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> because there was no solution to guarantee that a digital payment is ever truly "done" until Bitcoin was invented. Except blockchain based currency can't sol
by spookthesunset 8y ago
> because there was no solution to guarantee that a digital payment is ever truly "done" until Bitcoin was invented.
Except blockchain based currency can't solve the "402 problem" as you call it. They are far to expensive and would never scale to the transaction volume required.
And if you are going to say "oh yeah well Lightning Network will save us!". Lightning Network is the biggest pile of vaporware I've ever heard of. It's been "just around the corner" to save bitcoin for almost as long as bitcoin has been a thing. ...I do love the solution to scaling the blockchain is to not use it--a real ringing endorsement of Satoshi's Glorious Block Chain if I ever heard one!
- decentralised 8y agoWhich blockchain are you talking about? Most have probabilistic finality within seconds and CC transactions can take weeks to clear for the merchant.