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Topic: Bitcoin confirmations times are taking over 4 EFFING HOURS!!!!!!!!!!!!!!!! - page 6. (Read 9471 times)

legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas

Sorry but confirmation is what makes things rock solid.
In fact 2 confirmations minimum IMO.

Anyone working with 0 confirmations is prone to get ripped off.

Please stop spreading misinformation. 0 confirmations are ok for most things

Please keep your thoughts to your self.

0 confirmations IS NOT OK UNLESS your buying a pack of chewing gum and the shop owner don't mind loosing $1.
When you do REAL trades confirmations are crucial to the success of your trade.

Please go read some more.
Thank you  Smiley

EDIT: nevermind, I just saw your sig....
I can understand that you want to promote your refferences but please stop posting BS.
Thanks  Wink

0 Confirmations is as reasonable as trusting your credit card transaction that takes a few seconds.

A credit card transaction can be reversed up to 180 days after the transaction. A Bitcoin transaction can "theoretically" be reversed up to a few minutes after the transaction.

Most transactions are between people voluntarily doing business with each other. A business that is mutually beneficial and includes a relationship of trust.

If you do not trust the person you are doing business with, then you either need a mechanism to handle the trust or you need to wait 10 minutes.
full member
Activity: 149
Merit: 100
Please keep your thoughts to your self.

0 confirmations IS NOT OK UNLESS your buying a pack of chewing gum and the shop owner don't mind loosing $1.
When you do REAL trades confirmations are crucial to the success of your trade.

Please go read some more.
Thank you  Smiley

EDIT: nevermind, I just saw your sig....
I can understand that you want to promote your refferences but please stop posting BS.
Thanks  Wink

How about some facts to back up your claims ?
What makes a 0 confirm unsafe ? (and no, a 51% attack is not a valid argument)
hero member
Activity: 1582
Merit: 502

Sorry but confirmation is what makes things rock solid.
In fact 2 confirmations minimum IMO.

Anyone working with 0 confirmations is prone to get ripped off.

Please stop spreading misinformation. 0 confirmations are ok for most things

Please keep your thoughts to your self.

0 confirmations IS NOT OK UNLESS your buying a pack of chewing gum and the shop owner don't mind loosing $1.
When you do REAL trades confirmations are crucial to the success of your trade.

Please go read some more.
Thank you  Smiley

EDIT: nevermind, I just saw your sig....
I can understand that you want to promote your refferences but please stop posting BS.
Thanks  Wink
sr. member
Activity: 252
Merit: 250
the blocks and confirmation found should only varie from 5 mins to 30 mins per confirmation i dont think everything has been done good there lol
full member
Activity: 149
Merit: 100

Sorry but confirmation is what makes things rock solid.
In fact 2 confirmations minimum IMO.

Anyone working with 0 confirmations is prone to get ripped off.

Please stop spreading misinformation. 0 confirmations are ok for most things
hero member
Activity: 1582
Merit: 502
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?

Confirmation did not matter. We met through localbitcoins. I have a 100% reputation with over 50 trades. For me to reverse the transaction on someone and sacrifice that reputation would be stupid.

Even when I sold a rather large amount of bitcoins to someone they were ok with just the transaction going through. We had traded before and we both understand that we want to continue trading in the future for our own mutual benefit.

Are you trying to be funny or on you on LSD?

Neither.
Are you?

What do you find funny about my comment?
Or that makes you think I am on LSD <- isn't LSD a hallucinogenic drug btw?
If I was in such a state of mind then how would I know about confirmation times and how much they matter?

The questions is: Are you???
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
oP needs to learn more before going all ape shit.

If you include no transaction fee you can expect to have longer than normal delays.

hero member
Activity: 1582
Merit: 502
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?

Confirmation did not matter. We met through localbitcoins. I have a 100% reputation with over 50 trades. For me to reverse the transaction on someone and sacrifice that reputation would be stupid.

Even when I sold a rather large amount of bitcoins to someone they were ok with just the transaction going through. We had traded before and we both understand that we want to continue trading in the future for our own mutual benefit.

Sorry but confirmation is what makes things rock solid.
In fact 2 confirmations minimum IMO.

Anyone working with 0 confirmations is prone to get ripped off.
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
Blocks are not taking 4 hours, and absolutely nothing is wrong with the network. The problem is the fact that your payment spends funds from an unconfirmed transaction that remains unconfirmed because no transaction fee was paid. The second transaction transaction cannot be confirmed until the first one is, and the first one may be delayed indefinitely. Either your wallet software is incompetently designed (in which case you should report this incident to the developers of said software) or you have deliberately created an illegitimate transaction chain for whatever reason.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
This is the second time in 2 days I've moved money and it's taken over 4 FUCKNG HOURS. .0001 BTC Fee. Pardon my french BUT WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK that this is occuring? A fucking 300 baud modem could move data faster than this.

This is total unacccepptable epic bullshit on every level. You think bitcoin will go to 0 cents in the future? Well keep up this bullshit.

May I suggest you take up a hobby more suited to your intelligence level?  Perhaps knitting?   Undecided
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
This is nothing but a collossal embarrasment to the entire bitcoin community. I ready to just sell everything. This thing has no future if the community can't even acknowledge what a show stopper problem this is, much less fix it.

Bitcoin is not a community. It is a technology. It works with or without the community acknowledging anything.
full member
Activity: 128
Merit: 100
This is nothing but a collossal embarrasment to the entire bitcoin community. I ready to just sell everything. This thing has no future if the community can't even acknowledge what a show stopper problem this is, much less fix it.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?

Confirmation did not matter. We met through localbitcoins. I have a 100% reputation with over 50 trades. For me to reverse the transaction on someone and sacrifice that reputation would be stupid.

Even when I sold a rather large amount of bitcoins to someone they were ok with just the transaction going through. We had traded before and we both understand that we want to continue trading in the future for our own mutual benefit.


Are you trying to be funny or on you on LSD?
I was responding to an implication of BS.

Why does confirmation matter in your case OP?

full member
Activity: 128
Merit: 100
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?

Confirmation did not matter. We met through localbitcoins. I have a 100% reputation with over 50 trades. For me to reverse the transaction on someone and sacrifice that reputation would be stupid.

Even when I sold a rather large amount of bitcoins to someone they were ok with just the transaction going through. We had traded before and we both understand that we want to continue trading in the future for our own mutual benefit.

Are you trying to be funny or on you on LSD?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?

Confirmation did not matter. We met through localbitcoins. I have a 100% reputation with over 50 trades. For me to reverse the transaction on someone and sacrifice that reputation would be stupid.

Even when I sold a rather large amount of bitcoins to someone they were ok with just the transaction going through. We had traded before and we both understand that we want to continue trading in the future for our own mutual benefit.
full member
Activity: 128
Merit: 100
It happens sometimes, no body can control this. We know it's annoying but there isn't any solution to this. I never experienced this much delay. Can you show the block which took 4 hours?

https://blockchain.info/tx/ed451475658e223faa12782abdd73eed08e0ed7f1a34799076cefa0104662aa3

WE are over 4 hours now. WHat an epic fucking joke this is. Try explaining this to a laymen and they'll laugh you right out of the room.
newbie
Activity: 23
Merit: 0
Who exactly are you shouting at, or complaining to?  You do know that no one can change that your confirmations are taking so long don't you?

Maybe increase the transaction fee, or you have just been unlucky a couple of times in a row.  It isn't really a big issue when you try to spend them, but for moving BTC to exchanges or other wallets I see that it is annoying.

I'm yelling at the communicty. This is an unacceptable currency if it takes 4 hours to make legitimize a purchase. Put resources on fixing this. As as far as I can tell this it bitcoins biggest threat to widepread option.

There's nothing we can do but you should post the transaction id. I've never had a problem with stuck transactions though I'm not saying people can't get unlucky but you're coming across pretty trollish at the moment.
hero member
Activity: 1582
Merit: 502
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.

I think I smell something....

Yeah, I smell bullshit  Wink

Oh, wait, you mean the transaction went through.....
When did the 1st confirmation come through?
legendary
Activity: 1876
Merit: 1000

and satoshi don't agree with you


but then he also didn't agree with me when I said there was no imaginary killer hornets chasing us  Huh
legendary
Activity: 3248
Merit: 1070
yoiu don't need to wait for confirmation, we are not under any attack let alone 51%, even without confirmations and just the pending status, you are fine anyway

and satoshi don't agree with you

I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less.

The network nodes only accept the first version of a transaction they receive to incorporate into the block they're trying to generate.  When you broadcast a transaction, if someone else broadcasts a double-spend at the same time, it's a race to propagate to the most nodes first.  If one has a slight head start, it'll geometrically spread through the network faster and get most of the nodes.

A rough back-of-the-envelope example:
1         0
4         1
16        4
64        16
80%      20%

So if a double-spend has to wait even a second, it has a huge disadvantage.

The payment processor has connections with many nodes.  When it gets a transaction, it blasts it out, and at the same time monitors the network for double-spends.  If it receives a double-spend on any of its many listening nodes, then it alerts that the transaction is bad.  A double-spent transaction wouldn't get very far without one of the listeners hearing it.  The double-spender would have to wait until the listening phase is over, but by then, the payment processor's broadcast has reached most nodes, or is so far ahead in propagating that the double-spender has no hope of grabbing a significant percentage of the remaining nodes.
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