About P2P Cash system
Someone says:
"Simple, it means that the person that is receiving the payment is the one that has to broadcast the tx to get paid. If the tx is not broadcasted to be settled, the one that paid still has his money. Can't believe how the core narrative managed that you had to verify as the person who paid when in the real world, you never do that."
CSW:
And, a person will receive a cheque.
Do you call a bank first?
But, drug dealers do not use cheques. That is the issue.
They want a system outside of law.
And, some companies only do fortnightly or even monthly cheque runs...
If you tender a fake cheque, there are fraud laws. So, it is rare and there is a process. In small amounts, you can send and validate fast. 10 minutes vs 30 to 60 days for some banks - still
So, Bitcoin solves this with:
1. Law
2. 10 min settlement - so you can also in 1-2 seconds see if you are OK
Yes, I even stated that in the early Satoshi days. If it does not clear, do not send the goods.
The thing was Marrti, Ross and Micheal M started this Heroin store crap.
And, you cannot use courts to sell drugs.
confirmed is safe in most cases.
No, confirmed is safe in 99.99999999999999% of cases.
They are cash unless specifically stated to not be
CSW
Jul 23, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1563869289035500?thread_ts=1563869289.035500&cid=C5131HKFX
https://t.me/CSW_Slack/2247
Someone says:
"Simple, it means that the person that is receiving the payment is the one that has to broadcast the tx to get paid. If the tx is not broadcasted to be settled, the one that paid still has his money. Can't believe how the core narrative managed that you had to verify as the person who paid when in the real world, you never do that."
CSW:
And, a person will receive a cheque.
Do you call a bank first?
But, drug dealers do not use cheques. That is the issue.
They want a system outside of law.
And, some companies only do fortnightly or even monthly cheque runs...
If you tender a fake cheque, there are fraud laws. So, it is rare and there is a process. In small amounts, you can send and validate fast. 10 minutes vs 30 to 60 days for some banks - still
So, Bitcoin solves this with:
1. Law
2. 10 min settlement - so you can also in 1-2 seconds see if you are OK
Yes, I even stated that in the early Satoshi days. If it does not clear, do not send the goods.
The thing was Marrti, Ross and Micheal M started this Heroin store crap.
And, you cannot use courts to sell drugs.
confirmed is safe in most cases.
No, confirmed is safe in 99.99999999999999% of cases.
They are cash unless specifically stated to not be
CSW
Jul 23, 2019
https://metanet-icu.slack.com/archives/C5131HKFX/p1563869289035500?thread_ts=1563869289.035500&cid=C5131HKFX
https://t.me/CSW_Slack/2247
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