pull down to refresh

0 sats \ 5 replies \ @BeeRye OP 15 Sep \ parent \ on: What Happens to transaction in a 'reorg' ? bitcoin
I see, so there is a serious risk for people that receive the payment such as merchants.
write
preview
76 sats \ 4 replies \ @0xbitcoiner 15 Sep
not so serious, Bitcoin is super secure. But it can happen, if they use the timechain (L1). Merchants usually use the Lightning Network because it's got near instant settlement.
reply
33 sats \ 3 replies \ @BeeRye OP 15 Sep
yes, i am thinking about that now how lightning helps mitigate this risk.
reply
55 sats \ 2 replies \ @0xbitcoiner 15 Sep
For merchants, it's got to be fast. Nobody can wait an hour (6 blocks) for a payment to go through.
reply
0 sats \ 1 reply \ @Murch 16 Sep
Not in a brick-and-mortar store, but if you are ordering something by mail, you sure can.
reply
0 sats \ 0 replies \ @0xbitcoiner 16 Sep
Yeah, that's why I said usually.
reply