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by thedancollins 2828 days ago
This is a perfectly cromulent response (see what I did there)?

I'd argue that you did not settle a transaction but more exchanged in a barter of one item for another. I am glad it worked out well for you and pray that you will experience continued expedient transactions in the future - blockchain-powered or not.
1 comments
cromulent 2827 days ago
Nope, no barter - exchanged goods for currency, not for goods.

What would you mean by "settle" if you don't mean the point when the seller receives payment?

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thedancollins 2827 days ago
>Nope, no barter - exchanged goods for currency, not for goods Tomayto - tomahto amigo!

I mean when the seller receives payment. And I concede that there are banks that are releasing funds on a tighter timeline. But that decision is still backed by a credit requirement at some level and at the whim of a centralized bank. What they deign to grant to us they can also take away from us.

The current system is familiar and comforting but it is not the stable panacea we like to think it is in comparison to a scary blockchain. The stability is manufactured at the cost of the occasional blow-up - which we conveniently forget about as the market rebound to new and loftier heights.

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