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Title: . Post by: ChicagoSchooler on March 24, 2015, 07:22:30 PM .
Title: Re: Cost to a Seller of BTC's Latency Post by: fancy_pants on March 26, 2015, 03:46:16 AM Has a study ever been done on this? I realize that nearly all of the product sellers have been wiped away by the still ongoing inflation, but there should be at least a survey. Or are surveys with unsatisfactory implications as prevalent as BTC market capitalization histories of 2014 and 2015? It is my understanding that unconfirmed transactions are seen within seconds whether you use a credit card or bitcoin. The latency for clearing/confirming the transaction (at which point money is spendable) is then avg ten minutes for bitcoin and a day or two for credit card. (plus 90 days of nail biting on credit card to see if there's a reversal) Is this the latency you mention? What cost could there be for such a huge reduction in latency? I suspect the product sellers have been wiped away by the DEA not inflation, or perhaps the product sellers are still around same as they have been since the dawn of man. |