Thank you for the time-scale comparison on a level with money transfers as opposed to POS Credit/Debit -- it is a more appropriate comparison IMHO.
Here's one interesting angle in POS comparison that I never see mentioned anywhere:
VISA, MC, AMEX set a high-standard being able to very quickly process transactions even under high-load times like holidays.
But they did this in part, because they practically had to...Think of holidays shoppers at physical retail stores lined-up at a cash register -- they need approved or denied answer ASAP.
But with that sales model is dying a noticeable death -- no one doubts it will soon be gone -- which brings me back to BTC and and me finally making my point
If you're making a retail purchase from Amazon and choose Next Day for delivery, does it matter that BTC is going to take 15 minutes or even 30 minutes to clear?
Comments
Thank you for the time-scale comparison on a level with money transfers as opposed to POS Credit/Debit -- it is a more appropriate comparison IMHO.
Here's one interesting angle in POS comparison that I never see mentioned anywhere:
VISA, MC, AMEX set a high-standard being able to very quickly process transactions even under high-load times like holidays.
But they did this in part, because they practically had to...Think of holidays shoppers at physical retail stores lined-up at a cash register -- they need approved or denied answer ASAP.
But with that sales model is dying a noticeable death -- no one doubts it will soon be gone -- which brings me back to BTC and and me finally making my point
If you're making a retail purchase from Amazon and choose Next Day for delivery, does it matter that BTC is going to take 15 minutes or even 30 minutes to clear?