Well, to be fair to OP: small business and retailers are also not getting "real" money when they accept payment via credit cards from Visa/MasterCard.

To be honest I think the issue here is not due to speed of settlement, but layer-2 is not an acceptable substitute because it does not allow reversability. For the merchants it's good that they are getting the money right away, but most consumers will not dare to pay anything via layer-2 networks simply because they won't have any recourse in case they want to undo the transaction.

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littlecranky67 2 days ago | parent [-]

You can implement reverseability with a credit system, such as Visa/Mastercard. It should not be implemented in base layer or layer-2. It is basically an escrow system.

	▲	rglullis 2 days ago \| parent [-]
		So now you are proposing to build yet-another piece to an already complex system just so we can justify the existence of your beloved blockchain in the first place. How long it's going to take you to realize that even if we built everything you are asking for, we are STILL going to end up with a system that is not as capital-efficient as the status quo?