I’ve seen the full spectrum of P2P transactions and retail must have instant settlement. Onchain transactions can happen daily, or weekly, but they’re not going to be ideal for most vendors outside substantial size transactions.
Micropayments will not happen onchain, not on BTC.
Didn't ask
Yeah, I really don't understand how people don't get this. With a 10m block time, Bitcoin was never intended for typical retail... BY DESIGN!
It is P2P, not retail. Certainly some retail applications could easily use it... like buying a car. But, most couldn't. No one is going to stand in the grocery store at the register, waiting 10m to a half hour or more, for their grocery purchase to clear. It doesn't matter if the fee were only 1 Satoshi.
This is the reason every attempt so far has failed. BCash. BSV. Any other on-chain shitcoin. No measurable retail adoption.
I don't think the example was a grocery store.
Did you mean to change the subject to how you're against Bitcoin grocery stores (which you correctly assume I support), or are you just going along with a the thoughtlessly-harass-whoeverlovesDigit bandwagon?
Typical whoever stalks Digit response:
“Don’t debate me on the topic, everyone is harassing me!”
My Bluesky ban was based on accusations of me singlehandedly doing harassment on my own, with one Bluesky account
I think a horde of people coordinating to gang up on me with retarded gaslighting and shit counts
If it doesn't, then surely one person arguing doesn't either, so have you made similar complains to Bluesky on my behalf for fairness' sake, or are you banned from Bluesky now too?
That was where we first met, remember, and I remember you siding with the gangstalkers there too
A layer two solution that handles all the micro payments throughout the day, with an on-chain settlement at the end of business (daily/weekly) is very feasible and one node can handle all the micropayments of a massive shopping mall
Yeah, and that is really how most businesses operated up until things went digital. Someone went to a bank, and got a bunch of change and put in cash drawers and their vault. Then, settled up with the bank and their accounts. Repeated each day.
That's not good
Except now they don’t need the bank.
Because they can use a proof of work blockchain instead of lightning or a checking account
For ultimate settlement. Not small payments. This is not a hard concept to understand.
I use proof of work blockchains instead of lightning or a checking account regardless of the size of the payment
This is not a hard concept to understand
Good for you, buddy. This is why you’re special.
No, I'm special because I've met Digit
It still doesn't seem like you've given a proper response to this btw - might as well mute me if you can't handle responding properly to everything in a discussion nostr:nevent1qvzqqqqqqypzqamkcvk5k8g730e2j6atadp6mxk7z4aaxc7cnwrlkclx79z4tzygqy88wumn8ghj7mn0wvhxcmmv9uq3jamnwvaz7tmswfjk66t4d5h8qunfd4skctnwv46z7qpq7emuemrjd7jhnsz6ersdjnw7cr0wkjvp5mwhgzlyncljrh4ykh0qvm2fsr
In China, they transact via QR code and personal wallets with no need for a bank. Nobody has cash or credit cards, even old people and poor people transact with their phone - everyone has one.
The technical infrastructure is already there, but bitcoin will make the process decentralized… so you can’t be debanked.
