Re:Criminals can guess Visa number and security code in six ...
by lmm on Monday December 05, 2016 @07:03AM
(#13104864)
But I can buy a coffee with my credit card without having to wait weeks or months to get it. This works because people have faith in the system, faith which in turn is built on identity information and legal systems. You could probably achieve the same thing on top of Bitcoin, but at that point why bother with Bitcoin (and the cost is nontrivial)?
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Re:Criminals can guess Visa number and security code in six ...
by erikpukinskis on Monday December 05, 2016 @03:37PM
(#13109243)
Bitcoin is the same. Instant verification of authorization, but then it takes 10+ minutes to settle the account.