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Re:Ask HN: Why does P2P encrypted messaging still suck? on Thursday April 05, 2018 @10:30AM (#16765202)
More or less it's how you described it. The current implementations broadcast messages to all connected peers supporting the protocol every a few hundreds of milliseconds.

It's also true that there is no confirmation that the message reached the recipient (in order to provide dark routing). This can be built on top of Whisper in a separate communication protocol.