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Silk Road discussion / Re: Is it quicker to transfer BTC between accounts than it is to transfer them to SR
« on: August 04, 2013, 02:00 am »It is. That's because a true BTC transfer isn't needed, in the traditional sense. The SR system simply adjusts their internal ledger to move coins from one account to another, so it doesn't need to be submitted to the BTC network. Think of bitcoins within SR as internal credits rather than bitcoins. Bitcoins in, credits within, bitcoins out.
This. It's nearly instantaneous when you transfer coins from one member to another.
Correct, between account is immediate.