http://lightning.network/lightning-network.pdf
Topic: Bitcoin confirmations times are taking over 4 EFFING HOURS!!!!!!!!!!!!!!!! - page 7. (Read 9484 times)
April 27, 2015, 03:13:45 AM
correct mezzo. and there will be payment channels / lightning network and things we dont even know yet. i see no problem
http://lightning.network/lightning-network.pdf
http://lightning.network/lightning-network.pdf
April 27, 2015, 03:10:17 AM
The present system is clearly indequate for consumer use. An escow service like visa will be required.
What do we talk about? Settling time? VISA needs 6 weeks (or is it even more?) until a transaction is settled and a chargeback is not possible anymore.
BTW, there are already Bitcoin payment processors that accept 0-confirmation transactions. Having a receiver that accepts 0-confirmation transactions, your payment is accepted in seconds (most of the time under 1 second!) and settling takes place a little bit later. Escrow is a different topic. If you are interested in escrow, check multisig escrow!
April 27, 2015, 03:08:45 AM
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?
April 27, 2015, 03:07:44 AM
I sold someone some bitcoins last night. From my phone to his it took about 15 seconds before the transaction went through.
April 27, 2015, 03:04:17 AM
Litecoin is 4 times faster...so just one hour 
never had litecoin transfer blow out that far, but yeah its why i use litecoin over bitcoin in trading.
April 27, 2015, 03:03:01 AM
There is no world-wide money transfer system that settles transaction faster than those 4 hours.
i take it you don't get out much, or do you just keep telling yourself this to make yourself feel better when using the almost useless as a currency bitcoin.
April 27, 2015, 03:01:54 AM
Litecoin is 4 times faster...so just one hour
April 27, 2015, 02:52:39 AM
There is no world-wide money transfer system that settles transaction faster than those 4 hours. Well, Bitcoin and its clones are most of the time much faster. If you are willing to accept the risc of chargebacks, you should accept 0-confirmation transactions.
The present system is clearly indequate for consumer use. An escow service like visa will be required.
April 27, 2015, 02:47:31 AM
There is no world-wide money transfer system that settles transaction faster than those 4 hours. Well, Bitcoin and its clones are most of the time much faster. If you are willing to accept the risc of chargebacks, you should accept 0-confirmation transactions.
April 27, 2015, 02:39:54 AM
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.
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.
April 27, 2015, 02:37:34 AM
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.
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.
April 27, 2015, 02:33:37 AM
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.
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.
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