this post was submitted on 04 Feb 2025
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[–] workerONE 96 points 1 week ago* (last edited 1 week ago) (27 children)

Bitcoin isn't good for making little purchases, firstly because it takes so long to get confirmations, if each block is 10 minutes and you need like 3 blocks to consider it confirmed that's 30 minutes. But that ties into the second issue which is that you probably don't want millions of tiny transactions on the Blockchain, you want them processed off-chain and then settled in bulk (to the Blockchain) periodically as a single transaction.

[–] MolecularCactus1324 3 points 1 week ago

They could’ve solved that by making the block size larger, but instead did some weird ass replace-by-fee system.

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