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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.
Replies (2)
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.
