3 ms·
> Tiny amounts literally cannot be settled in minutes. Your right. It wouldn't be worth $1T now if that was true. It certainly wouldn't be worth $1T if the yo
by rstuart4133 6y ago
> Tiny amounts literally cannot be settled in minutes.
Your right. It wouldn't be worth $1T now if that was true. It certainly wouldn't be worth $1T if the you could only do 7 bitcoin transactions per second. With the addition of the ligthning network transacting Bitcoin happens in milliseconds, with an unlimited number in parallel and the fee is well under a a cent right now.
Why Mastercard announced they were moving into Bitcoin is mystery of course. But I can't help wondering if the cost of a lightning transaction where they control the nodes compared the cost of trip a debit card takes (customer bank --> customer master card --> merchant terminal --> merchant bank) passing through the sticky fingers of two banks, was a factor.