Bitcoin was created for total freedom, without depending on a third party to use your money, you are totally in charge of how you transact and when you do so, the only exception to this rule are those who still use custodial services, since access to their coins can be blocked by exchanges for one reason or the other.

One conformation is enough for your funds to arrive at the receiving address, more confirmations only makes the transaction more secure.

The concept of more confirmations is to add newer blocks to the blockchain after the block that included your transaction, this makes the transaction harder to reverse.

Although you exaggerated things here, it still carries a high level of truth. What you described can be applicable to wire transfer only, as I don't know other means of payment that would take 2-3 business days to clear. And even with Bitcoin, you need human authorisation in many transactions, if they are not automatic. So, if it's a holiday time, the receivers would have to wait as well.

However, where I enjoy Bitcoin the most is in cross-border payment. If I calculated the amount it had saved me in about 10 years in transaction fees, it should be climbing $10,000 now, if not more. Is it the speed and the ability to monitor your transaction progress yourself? Those are incompatible.

There are fiat payments that can show almost immediately within seconds. Examples are the transactions made through the fiat credit card like MasterCard and Visa card. You are referring to wire transfer.

In some countries, the working time or hours is 8 am to 4 pm. I know this is not part of the discussion but I think it will be good if you know that.

For bitcoin confirmation acceptance, I prefer just one block for people that are close to me and 3 confirmation for businesses.

Bitcoin in reality did not create a new way to measure time, it simply removed the limits of traditional financial clock. Because the network keeps producing blocks 24/7, transactions can be performed at any time, not the ones that was tied to banking hours, weekends or holidays. While we still use normal time, Bitcoin provides us with the freedom to transact whenever and wherever we want, it is that difference that makes it look like Bitcoin has to its own rhythm.

With small transactions, people want something fast and cheap so Lightning Network can be their more favorite choice than Bitcoin on chain transactions. They surely will not want to wait for 6 confirmations that take about 1 hour even longer to buy a cup of coffee.

6 confirmations are only for very big transaction in its value, and mostly people as well as exchanges only need 1 to 3 confirmations.
How many Bitcoin confirmations is enough?

Waiting for six confirmations in Bitcoin for a simple transaction is very difficult, but for international transactions, Bitcoin is quite suitable and it seems reasonable to be patient, even if it takes some time.
But for quick transactions, waiting for six confirmations in Bitcoin is not possible for me, but if you buy a car, buy a house, send money to a friend, and Bitcoin plays a significant role in international transactions, it is quite suitable.

I had not considered it in this way but it is deep understanding. Finance is always based on living and social cycles, such as sleep, weekends, religious calendars. Bitcoin is first financial system that is completely uncaring to all of them.

Of particular interest is the "six confirmations" structure. It is not about a technical limit, it is about new way of thinking about time. It is not bank opening, it is agreement of the mathematicians. It is different thing, although the clock time may be the same.

One of the lesser talked about new ideas of Bitcoin is block time. There is much of discussion about the store of value, limit on supply, spread out power, but this should be discussed more.

Yes, bitcoin time now exists. Incidentally, it's often used on the forum for various contests and giveaways. 🙋

You can also use it to protect your copyright, as blockchain history cannot be rewritten.

You can also use bitcoin time to pass coins on to your heirs.

Yes, and you can actually measure time not in hours, but in Bitcoin blocks. Have you heard the Citadel meme? Technological cities of the future where Bitcoin holders will live when the price of Bitcoin exceeds $1,000,000 per coin? Regular watches will be banned in these Citadels. All Citadel residents will measure time in Bitcoin blocks and nothing else! 🧏

If you go to a restaurant and pay for your coffee, you will never wait for 6 confirmations, but you will use your local currency there. But if you wait so long to pay for the bill in a restaurant, it will not be good at all, but it will seem annoying. Because you are on vacation and your bank and local currency are enough for small transactions.
For large transactions, you must have Bitcoin playing the biggest role and you will be able to complete the transaction in an instant.



Bitcoin will surprise people even more when you use it for making large transactions and for instant transactions from one country to another, then you can take advantage of its proven transaction itself. In this situation, you can also associate yourself with Bitcoin holding, if you buy land or buy a house and if you transact it with Bitcoin, then not many people will know about your financial transaction and the risk will be much less because it has the convenience of carrying.
But if you transact with local currency, then carrying local currency will be very risky. Because you can face any danger on the road, so Bitcoin provides you with savings from all sides.

What he means is that as long as both parties accept to send and receive funds from each other, there's nothing that can stop it even during holidays because we eat during holidays. Unlike banks that will be shutdown during holidays and people might even need to send funds to their loved ones across boarders. Bitcoin is worldwide and traders and investors will continue moving coins from one wallet to another which is the reason why a new block is mined before or after 10 mins because miners are very active.