[throwawayallday]

Less than 20 transactions per second. Mindbogglingly slow.

[xeromal]

This will replace mastercard, we swears on the precious

[Ferret7446]

Less than 20 irreversible transactions per second. Regular financial infrastructure requires maybe a few weeks or months or years for a reasonably irreversible transaction.

Layer 2/Lightning can process far greater number of transactions for a far lower fee with a cryptographic guarantee of submission to the underlying blockchain. There are some kinks of course, as there always are.

[JumpCrisscross]

> Regular financial infrastructure requires maybe a few weeks or months or years for a reasonably irreversible transaction

TIL wires take years, not minutes.

[throwawayallday]

>Regular financial infrastructure requires maybe a few weeks or months or years for a reasonably irreversible transaction.

For good reason. Crypto is speed running through the centuries of financial strife to understand why things are the way they are.

[RedNifre]

Bitcoin's Lightning network solves this issue.

[throwawayallday]

Except it doesn't.