Re:Bitcoin Blows Past $9,000
by charlesdm on Monday November 27, 2017 @06:05AM
(#15786451)
Though it wouldn't have taken hours, potentially up to a day, to complete the transaction.
[ Parent
| on HN ]
It takes 90-180 days for a credit card transaction to clear, while it takes a bitcoin transaction ~10 minutes. You’re comparing the wrong thing. Retailers typically just eat the CC chargeback fraud costs, while bitcoin stores don’t (because the transaction clears pretty fast anyway).