3 ms·
> Where cash is still a better alternative. I suspect not too many drug dealers or gun runners want to wait around 20 mins staring at their phone (with a trace
by bigiain 8y ago
> Where cash is still a better alternative.
I suspect not too many drug dealers or gun runners want to wait around 20 mins staring at their phone (with a traceable internet connection) for 2 confirmations before declaring the deal "done"...
- smt88 8y agoI've read that it's done more like escrow. The buyer creates a new wallet, the seller verifies the amount in the wallet, and then the buyer hands over the keys when the merchandise is transferred.
- bigiain 8y agoThat's smart. The seller still needs to make sure the buyer can't get a transaction transferring the coins back into a wallet under their control confirmed before the seller can move them out. (I'm now vaguely curious about how the financial transactions on shipping container sized sales of guns/drugs work. But I'm not about to Google _that_...)