On: Bitcoin crosses $10B market cap again

[_td9r]

Long settlement times are a feature, not a bug. It reduces externality costs (drugs and terror) and reduces insurance costs. (reverseability)

[celticninja → _td9r]

Plus the bank gets to charge interest while they hold it, a week at my bank and a week at the receiving bank, for multiple transactions is a nice little earner.

[kalleboo → celticninja]

Wow, what bank takes a week to do an international wire? For me it always seems to arrive the next business day.