Topic: bitcoin transactions - Slow OR Fast - page 17. (Read 40393 times)
Been fast slow fasst now slow Again if this keephapping maybe bitcoin might crash again i hope not but if it takes ages for payment to go then this could happen
I have a problem with the confirmation today, I have been waiting for my transaction to confirmed and it's like 5 hours already which is still unconfirmed in the blockchain. No choice but to wait, I can't gamble for now as I suppose to transfer that amount from my local exchange to gambling sites.
Wasn't there talk about a fork that would shorten the confirmation time for bitcoin. zcash coming up the back with super fast confs could be a game changer.
i do not have any problem waiing for sometime i always did that and i belive if i can not even pay a little fees for a huge amount then it really didnt worth it. waiting for some 10-20minutes makes things a bit slower but if you want to get ridge of it then why not accept zero confirmations
Well atleast bitcoin doesn't get raped by pump and dump scam. 
LOL, you paying over $700 for BTC right now,
on Jan 16th, 2015 you were paying ~$218,
On Nov 13, 2013 you were paying ~$1275 per coin. (Those guys are still in the hole.)
Looks like a Pump & Dump to me, Next Dump is due in late Jan 2017.
Set your clock.
Sure we would like to get the transactions confirmed instant, but i do see the confirmations as the high security of bitcoin, making it the most safe place to do any transactions even with them taking some minutes as some hours.
is it possible that bitcoin will be accepted in local stores, shops etc.
Day to day transactions not suits bitcoin technical side.Bitcoin is best at store of value, as paying for goods abroad, making big transactions... but micro payments? Bitcoin not suited for this, there is need to third party application connected to bitcoin blockchain somehow, that will make micro transactions viable.
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Yes! there is a big possibility to be happen in the long run. And that will be good news for the bitcoin enthusiast it will be convenient also for the shoppers if that happen in any malls or supermarket.
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
If I was a store owner I'd accept zero confirmation transactions from the people I know personally or from regular customers who I know wouldn't cheat. And by the way I think it's not so easy to execute a double spend, so I think if you are not selling very valuable things for BTC you should be okay even accepting zero confirmation transactions from complete strangers.
Hmm ,
Yeah about that double spend.
Have the same wallet up & synced on 2 devices , send all of my BTC to another address I own , including a send fee, on the 1st device
then send you your payment on 2nd device with no send fee,
You see Zero confirmation appear on your device, I walk out of store.
My BTC safely arrives at my other address, and your zero confirmation never receives 1 confirmation.
So you gave me your product for free.
You'll be out of business in ~ week.
FYI
Repeat after me,
Confirmations are my Friend. I must wait for Confirmations or end up in the poor house.
For me bitcoin transaction is a bit quite fast than before. There is a problem right now about bitcoin transactions and this will take a couple of weeks before it is solved. This trouble happened before.
The transaction problem is existing from a long time and actually the problem is the confirmation of transaction, as we receive the confirmation with delay, otherwise the transaction of bitcoin is very fast, I think this problem must be solved on priority basis. As we do face problems when we are going to pay for shopping in our local shops as we have to wait till the transaction to be included after that new blocks to be mined out.
For me bitcoin transaction is a bit quite fast than before. There is a problem right now about bitcoin transactions and this will take a couple of weeks before it is solved. This trouble happened before.
The transaction problem is existing from a long time and actually the problem is the confirmation of transaction, as we receive the confirmation with delay, otherwise the transaction of bitcoin is very fast, I think this problem must be solved on priority basis. As we do face problems when we are going to pay for shopping in our local shops as we have to wait till the transaction to be included after that new blocks to be mined out. 
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Yes you are right, to buy directly I think bitcoin is still not feasible because the transaction is relatively long. If the transaction directly on the bitcoin stores, we need a transaction about 5 minutes but with paper money transaction only a few seconds. It was not time efficient when using bitcoin.Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
But for online transactions, I think bitcoin can be very good, because for online transactions although bitcoin takes a few minutes I guess it does not matter.
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
If I was a store owner I'd accept zero confirmation transactions from the people I know personally or from regular customers who I know wouldn't cheat. And by the way I think it's not so easy to execute a double spend, so I think if you are not selling very valuable things for BTC you should be okay even accepting zero confirmation transactions from complete strangers.
Well atleast bitcoin doesn't get raped by pump and dump scam.
LOL, you paying over $700 for BTC right now,
on Jan 16th, 2015 you were paying ~$218,
On Nov 13, 2013 you were paying ~$1275 per coin. (Those guys are still in the hole.)
Looks like a Pump & Dump to me, Next Dump is due in late Jan 2017.
Set your clock.
Well I guess I am lucky because I started being really into bitcoins around March. The price has almost doubled since.
Let's see what would happen in January 2017. I would most probably remember this post anyway. If you would consider price fluctuations as pump and dump of course it would seem like a non-stop pump and dump to you. I think it's only normal to see major price fluctuations. No one guaranteed that bitcoin will increase continuously with just very little dumps along the way.Well atleast bitcoin doesn't get raped by pump and dump scam.
LOL, you paying over $700 for BTC right now,
on Jan 16th, 2015 you were paying ~$218,
On Nov 13, 2013 you were paying ~$1275 per coin. (Those guys are still in the hole.)
Looks like a Pump & Dump to me, Next Dump is due in late Jan 2017.
Set your clock.
Well I guess I am lucky because I started being really into bitcoins around March. The price has almost doubled since.
Let's see what would happen in January 2017. I would most probably remember this post anyway. If you would consider price fluctuations as pump and dump of course it would seem like a non-stop pump and dump to you. I think it's only normal to see major price fluctuations. No one guaranteed that bitcoin will increase continuously with just very little dumps along the way. 
Its not always slow most of the time it is fast and instant.It has the potential to be accepted on local stores even if the transactions may came slow because bitcoins once send the transaction cannot be cancelled unlike paypal
One factor that makes the bitcoin transactions money different from the usual is the issue of speed. After I tried to send a few times, I thought of this the bitcoin is great and the most important is the small fee.
Well atleast bitcoin doesn't get raped by pump and dump scam.
LOL, you paying over $700 for BTC right now,
on Jan 16th, 2015 you were paying ~$218,
On Nov 13, 2013 you were paying ~$1275 per coin. (Those guys are still in the hole.)
Looks like a Pump & Dump to me, Next Dump is due in late Jan 2017.
I think you know very well that the rise up to $1275 per btc price was inflated by the bots at mtgox, things have settled down now, it’s called growing pains.
Well atleast bitcoin doesn't get raped by pump and dump scam.
LOL, you paying over $700 for BTC right now,
on Jan 16th, 2015 you were paying ~$218,
On Nov 13, 2013 you were paying ~$1275 per coin. (Those guys are still in the hole.)
Looks like a Pump & Dump to me, Next Dump is due in late Jan 2017.
Set your clock.
If we compared to bank transactions, it is definitely the fastest is bitcoin. and with a very small cost, otherwise it is the sender's security is assured.
If we compare it to placing a letter on a Turtle's Back , then yeah BTC is faster.
If we compare it to almost every other ALT Coin out there, BTC is slow as Shit.
Well atleast bitcoin doesn't get raped by pump and dump scam.
Most people accepts bitcoin primarily and wouldn't exert effort to create a wallet of an altcoin just to receive your payment. In most altcoins, you might be at 100 satoshis today but you can go 1 satoshi tomorrow. Both have their downside but I would prefer to wait for 10 minutes than to wake up just to find out you're now holding a huge amount of shit coin. But I guess you can always choose strong altcoins like ETH. If we compared to bank transactions, it is definitely the fastest is bitcoin. and with a very small cost, otherwise it is the sender's security is assured.
If we compare it to placing a letter on a Turtle's Back , then yeah BTC is faster.
If we compare it to almost every other ALT Coin out there, BTC is slow as Shit.
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