I appreciate different coins have different goals and different properties, and those properties are evolving, however I’m wondering if someone can debunk or verify the basics behind quoted timings in a recent article . Now, I’m not at all interested in tic for tat, history, ego, who is an ass and who isn’t, or personal grudges or comparing to BTC (which is definitely not suited to commerce transactions nowadays), just how much truth is there behind these timings, at these magnitudes for examples you couldn’t use Ouroboros to pay for coffee - unless you want to annoy the waiting line behind you (the old lady looking for change annoyance) or sit around in the coffee shop for several minutes or hours, or coffee on trust/credit.
Ouroboros: 20 seconds
Ouroboros: > 5 hours
Will Ouroborus be able to support micro payments in fast-paced in/out brick and mortar retail - the newspaper on the way to work, the bus ticket, the grab a coffee and go, the breakfast burger etc… I’d have to guess threshold would 3 seconds for authorization and maybe another 3 seconds for confirmations (whilst printing receipt etc…) if we’re gonna do better than contactless MC/Visa in these scenarios - I want checkouts to get faster not slower after all (queue rage). But maybe Cardano isn’t targetting these markets?
Please leave politics out of responses. Thanks