This is what instant transactions in BSV looks like. Can you do the same with Lightning Network?
Video of pic related:
twitter.com
Instant transactions in BSV
Henry Gutierrez
Other urls found in this thread:
twitter.com
youtube.com
youtube.com
twitter.com
Austin Bailey
>No replies
So yo aint like em speedy corn transacts?
Juan Morgan
Yep, the fastest way to convince someone that BitcoinSV is the future of money, is to ask them to download a wallet like Centbee on their phone (takes 1 minute) and then instantly send them some Bitcoin while they watch
- Practically free (0.001 dollar fee)
- Instantly received (1.5 sec from swipe send until shows up in wallet)
- No middle man, or banks, or registration process
I've blown a few people's minds with this, nobody realizes the true potential of Crypto yet, but they will once BSV takes off.
Show this to friends and family and see what their reaction is.
Cooper Gonzalez
OP, just use credit card, leave btc alone
Josiah Myers
Is it fast because no one uses it? Or is it faster by design? I'm a low iq moran
Angel Collins
by design
Andrew Rivera
Design.
BTC gets clogged at around 7 transactions per second because it has a 1 MB blocklimit imposed on it. It's crippled intentionally to keep the network congested. Furthermore, 0-confirmation transactions are not safe due to a measure implemented in the protocol called RBF (replace-by-fee). This means BTC will never have instant transactions, you will always need to wait a minimum ~10min up to several days for 1 confirmation. It's absolutely horrendous as a payment system.
BSV has a 128MB block size, which will be raised to 2GB this month. That allows for 128x or 2000x the transaction capacity of BTC. This means BSV will be able to compete with VISA for amount of transactions processed. In February 2020 the cap is removed altogether, which means there is no longer an arbitrary limit, and whatever blocksize the miners can handle, will be allowed.
BSV also has 0-conf enabled as a default, which means all transactions are broadcast instantly. No need to wait for confirmations to send and receive payments.
Justin Campbell
oh no no no no. lmao. ahhhhhhh
Carter Russell
>twitter.com
i remember when biz was flipping out over some gooks paying a vending machine with ICX. or some checkered-shirt autist holding a conference next to a toilet stall. now BSV is butchering the competition and all biz does is shit all over it. that makes me even more confident in BSV because biz is literally wrong all the time. just look at how their shitlink has done compared to the overall market over the last 2 years. stay poor you brainlets, Im loading up on BSV
Alexander Evans
think i’ll buy more
Robert Kelly
>BSV also has 0-conf enabled as a default
Oh, so craig is a retard and a scammer. Brb, double spending some bsv.
Noah Rivera
Good luck lmao
Jace King
Do it
Angel Allen
Who the fuck is going to double-spend a hamburger and fries and even if they are that autistic to go to such lengths most businesses would be willing to write it off as a cost of doing business as it would be so rare. Anything of significant value like a large restaurant tab or buying a big screen TV usually takes a few minutes for workers to process already as it is which leaves plenty of time for 1 confirmation.
Chase Murphy
Nathan Walker
money button is best. i have many names for sale
nerd
oo7
nerdish
nerdy
and more
act fast
Ryder Brooks
lol
Alexander Sanders
no one uses it, hence the speed
Chase Williams
Not only that, a double spend attempt requires a ton of hash power, and it can be detected instantly. Which means any business can have software running to instantly detect double spend attempts, and you go to jail for theft, including the miner(s) who colluded with you to do the double spending.
Definitely worth double spending a $2 pizza slice LMAO.
Risk.
Finance.
Stiff.
Brody Perez
Sell signal
Colton Gray
0-conf is not a solution to fast trustless payments; it's the absence of one.
Lucas Hughes
wow, such a deep and profound analysis
Liam Smith
It literally works perfect. If you think it's not secure, feel free to steal every transaction that goes through Moneybutton, they operate exclusively on 0-conf.
Put your money where your mouth is.
Joshua Anderson
you've been hoodwinked by kikes. t
Levi White
I got pajeet and kitty any takers?
Juan Edwards
>BSV: This is what instant transactions in BSV looks like.
>Nano: Hold my beer.
Evan Butler
Austin Bell
slower than DASH. fuck that.