> Then do salaries and taxes by the second and split off tax payments right where the transaction happens.
ACH literally takes O(days) to move a few bytes of data from one bank account to another and the system simply stops working evenings and weekends, so this is a bit much :)
If / when BTC and LN become ubiquitous, you can probably achieve this without much effort.
Slow banks would still be a thing, they just cant (be allowed to) process these transactions.
Also, the bytes don't really have to flow from A to B. The payload is much to predicable. For 8 hours money flows into the account and flows out of the other account at a fixed rate. A daily or weekly validation would be enough. (with automatic fines for not updating the work schedule)
ACH literally takes O(days) to move a few bytes of data from one bank account to another and the system simply stops working evenings and weekends, so this is a bit much :)
If / when BTC and LN become ubiquitous, you can probably achieve this without much effort.