And using ACH delays as an excuse for why people can't get money out of Bitcoin quickly-- the original context of this thread-- is completely disingenuous.
I must have missed where you said that. You said I was likely mistaking ACH for wire transfer because mine were happening that fast.
The point stands that "inherent delays" in the ACH system are negligible, on the order of hours.
I reacted strongly to the person claiming otherwise because it was presented as an excuse for people not having access to their money quickly. If people are being told they can't get their money because of "ACH delays", "check is in the mail", "clogged tubes", or whatever, they should not be afraid to call BS!
Which has been repeatedly called out as wrong with proof in this thread, but you won’t listen. Have an enjoyable life!
Not to get in a pissing match, but you are the one confusing unrelated things. There’s a reason I’m getting upvoted and you are being downvoted.
1) for credits, the RDFI doesn’t place holds on the funds (except in very unusual circumstances). So your apology here is flawed.
2) read the link provided by @ad_hominem, it very clearly and eloquently explains the time lines involved, by a company doing payroll. Better yet, read the whole series of posts they wrote. (Part 1/2 are linked at the top of the article).
In general, try to understand that your personal experiences might not reflect the “way things work”. There are folks on HN who have generally “been there, done that, have battle scars to prove it” (like me in this specific case) for many topics and you’d be wise to keep an open mind rather than keep fighting against them when they are trying to help you understand.