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US drug control agency will move to reclassify marijuana

(apnews.com)
662 points JacobHenner | 1 comments | 30 Apr 24 17:32 UTC | HN request time: 0s | source
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mannyv ◴[30 Apr 24 18:15 UTC] No.40214223[source]▶
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
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defiamazing ◴[30 Apr 24 19:00 UTC] No.40214840[source]▶
I don’t get why they don’t just use Bitcoin or Ethereum.
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callalex ◴[30 Apr 24 21:57 UTC] No.40216913[source]▶
Nobody wants to stand around for several minutes waiting for transactions to clear.
replies(1): >>40220332 #
1. ErikBjare ◴[01 May 24 06:57 UTC] No.40220332[source]▶
Ethereum average block time is 12s (with low variance) and high chance of getting tx included in the next block. Still too long for a point-of-sale payment, but its feasible. Then there's fees that are too high on L1 (several dollars minimum).

L2s fix this (~immediate settlement, cents in fees), but it's another layer and another account for users to manage (which is annoying).