• Echo Dot@feddit.uk
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    2 months ago

    As long as you ignore its problems it’s great. I’m sure you do.

    Meanwhile the rest of us who don’t live in cloud Cuckoo land have to deal with your shitty system that takes 45 minutes to process a transaction and requires the burning down of several rainforests per transaction. So we can see it is probably not a good idea.

    • makeasnek@lemmy.ml
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      2 months ago

      45 minutes to process a transaction and requires the burning down of several rainforests per transaction.

      Don’t listen to people who are critical of a thing if they clearly don’t even understand the basics of how it works. On main chain, a Bitcoin transaction typically take up to ten minutes (the time between blocks). It can take longer if you set a super low fee, but you can guarantee your payment goes into the next block by paying an average fee, usually around $0.75. Your wallet does this all automatically.

      On lightning where most transactions occur these days (secured by main chain) transactions settle fully in under a second. Do your own research.

      Besides, we all know Bitcoin only takes a single rainforest per transaction, it’s been that way since the great rainfork which is ancient history at this point.