But do we need confirmations? VISA payments can take 30 days to clear. We trust the system so we don’t have to check if it cleared. Same will probably be with Bitcoin. But since Bitcoin is more speculative asset we will see other coins be used for transfers. The market is big enough for competition! Bitcoin has already proven to be a secure system. But I’m sure as you say that we will see other coins be used! But this will take years before any mainstream adoption haha.
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