Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.
lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up
This is the number one barrier that prevents bitcoin adoption. We need better full client side tools to reassure the sender. We need to find ways to somehow remove some of those doubts and fears when using the client.
i was thinking about integrating the average time that you see on the blockchain(which is false some times, so it need to be programmed better) and do it for the client
at least average joe can have an estimate and feel more secure
I'm not sure what you're talking about. Seeing your unconfirmed transaction in the client should be almost immediate. Multiple confirmations will always take longer because it's impossible to determine exactly when the next or subsequent, say six, blocks will be found (each block adding another confirmation). As for the "average time", by design that's always going to be 10 minutes. When it's not difficulty is adjusted to bring it back in line. Any line showing the average block time, depending on how far back the code looked for data points, would always say 10 minutes.
talking about the average time for the first confirmation, not the unconfirmation
if there was something that tell you the estimate for the first confirmation, it would be better for newbie, they would have an indicator for how much they should wait for the first conf at least
maybe a countdown on the icon transaction(the clock)
Confirmation time? You would either need to use a full node or trust a third party when using SPV client. They're not very accurate since most don't see the entire network of transactions but it isn't an issue if you pay too low of a fee. The main concern here is that the client glitches and script a transaction that has wrong value or addresses. This would be a major problem then. The probability of typing an address wrongly and still get it accepted is rather low as long as you check the first and last few letters of destination address.
Anyway, transactions should appear almost instantly. It would be a huge problem on your side if you have to wait for 5 minutes.
yeah i know it's 10 min, but that's not the point, there must be a clock that tell you the estimate when you over the mouse above the icon of the transaction, on core for example
something like "next confirmation is expected in x amount of time etc...", something simple
