> Even it were possible, changing from a one-hour to a four-hour confirmation would have significant negative impacts on the Bitcoin ecosystem.
how? What negative impact? The Bitcoin blockchain is a payment rails, not a trading platform. On-chain trading does not have to happen; only final settlement. Layers have been built on top of it for a long time now because even 1 hour sucks for some use cases.
It's like pretending that when you trade stocks they're in your name. No they're not, unless you purchase them and they're direct registered. When you're on eTrade, Vanguard, etc trading stocks they're just changing values in a database inside that company. If you want to direct register your MSFT stocks that you're holding on eTrade it's going to take several days (near a week last I saw) for that to "settle" too.




Bri🥰
in reply to Twinkle Paws the Christmas Elf • • •