Re:Bitcoin is no long the only game in crypto-currency town
by ericb on Thursday January 11, 2018 @01:17PM
(#16126238)
It depends on the use-case. If you look at credit card transactions, they are only "confirmed" after 120 days (when chargebacks become harder...not impossible). A 0-conf transaction will work for all scenarios where you would trust a credit card with about the same amount of certainty. For those other scenarios, 10 minutes is better.
[ Parent
| on HN ]
Re:Bitcoin is no long the only game in crypto-currency town
by Isomatik on Thursday January 11, 2018 @01:37PM
(#16126459)
I think it's really only comparable for online transactions, where all credit card transactions are Card Not Present and you aren't able to 100% guarantee that the delivery went to the correct person or that the card wasn't stolen, making fighting the chargeback sometimes not worth it. A brick and mortar doing swipe transactions should have everything they need to effectively fight chargebacks, so I wouldn't consider that money to be 'gone' the way it would be in a double-spend.