bump
@BrainShitdown
oblox disagrees
whats the answer pls?
The one you don't like
The question is
how long must I wait before being able to spend the funds received through an InstantX tx?
Clearly there is no consensus on the answer.
Evan or Dev Team member pls?
C'mon - this is EASY…
OK I will try this one last time for the benefit of Everyone As I understood from Vertoe's interview and UdjinM6 answer
You can spend funds you received from an InstantX transaction using normal send after 1 block confirmation. How much time this is depends on how long after you receive an InstantX a block is confirmed, so it should be no more than 2.5 minutes after you received the InstantX but could be less.
That is what the theory says, users have reported being able to normal send right after an InstantX transaction, so feel free to try. In any case it will never be more that 1 block confirmation time.
Not that this matter anyway this is a pointless discussion, as again InstantX is designed for the benefit of the customer:
InstantX is designed for the customer the other part is irrelevant. You walk into a store, you grab something, you pay and in 4 seconds you leave. You are in a subway station you buy something and as you are buying something on a vending machine your train arrives, you pay and you leave, the vending machine is not going anywhere it is you the customer who now has the freedom to leave quickly with your goods.
You deposit coins into an exchange InstantX locks that deposit after 4 seconds, the exchange can make the balance available in your account immediately after a few seconds, as they have certainty of ownership. They are not offering this yet as it is a new technology and they will let it mature for a while, but no doubt someone will offer an Instant deposit in the future and maybe charge a premium.
EDIT: This is only my understanding as a user I am not a developer. Also I wont comment on this again.
great answer! so 4 seconds to receive a instantx and after 1 block you can turn around and spend it. that's definitely not the answer the child wanted, he wanted it to be 15min so he could have something to complain about, sorry bro.
it can be as fast as 30 seconds but no longer than 2.5 min, awesome!
when you receive a transaction it's gonna take you atleast 30 sec just to open the address book and select who you want to send to, then add the amount you want to send, then click send and type in your password, so yeah pretty much immediately after you get it you can spend it.
one of the devs integrated keepass into the wallet so that will make things easier and speed things up a bit compared to other coins.