Blockchain, the Solution for Almost Nothing

Re:Blockchain, the Solution for Almost Nothing by godelski on Saturday August 22, 2020 @03:18PM (#24246522)

> Do you except people to wait for the postal service to deliver an envelope before they receive whatever they've payed for?

To be fair, it might be quicker to verify cash payment by mail than a crypto payment.

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Re:Blockchain, the Solution for Almost Nothing by Acrobatic_Road on Saturday August 22, 2020 @04:47PM (#24247144)

Definitely false. If you're using bitcoin and want to be uber-safe, then you should wait for six 10-minute confirmations. That's an extreme example though. In practice you can spend right after the first confirmation, which can be seconds to minutes for other cryptocurrencies.

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Re:Blockchain, the Solution for Almost Nothing by godelski on Sunday August 23, 2020 @01:14PM (#24253412)

I think you missed the joke about long verification times.

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