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Topic: bitcoin transactions - Slow OR Fast - page 21. (Read 40467 times)

legendary
Activity: 910
Merit: 1000
November 21, 2016, 02:29:55 PM
For me lately I am having blazing fast transactions. I started only recently using Electrum 2.7.12 (was using older versions before) and this new version has an option to put the fees to the max in the window where you are doing the transaction. I always choose MAX there and transactions have confirmations really fast.

If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
legendary
Activity: 1092
Merit: 1000
November 21, 2016, 02:27:39 PM
It is okay,though not at speed of light, at the present rate it is good, those people complaining about slow transaction are those that doesn't know what they are doing, they need to input the right transaction fee for fast confirmation

Or maybe they know they can send it faster with an altcoin and not have to pay any extra rip off fees.  Wink

Test LTC or Doge if you like China controlled coins, you'll see what I am saying.
After using them , you will know BTC is a slow crap coin.


 Cool
If you compare them with bitcoin they are faster because the volume of transaction is much smaller, but it's not the issue here, bitcoin is still fast compared to the payment processor that it can compete it's value.

In the crypto world it's clear that bitcoin is the most trusted as it is the most progressive.

Nope,

they are faster because of their Blockspeeds,
BTC BlockSpeed is 10 minutes
LTC BlockSpeed is 2.5 minutes.

Meaning LTC is 4X faster than BTC.
Cheaper to send too.  Wink

 Cool

FYI:
You Trust BTC, you are trusting China.
China controls BTC, LTC , & Doge, so your trust rating of each should be the same.
sr. member
Activity: 728
Merit: 252
CryptoTalk.Org - Get Paid for every Post!
November 21, 2016, 11:31:21 AM
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.
one of seeded is customers don't need bring real money , i think bring real money enough difficult not so simple
legendary
Activity: 2170
Merit: 1427
November 21, 2016, 05:06:14 AM
Today I had a BTC payment (received) that was termed "Very High" priority (blockchain.info) and with a $0.15 fee that took over two hours to confirm even though SEVEN blocks were found after receipt.

There certainly are hard-to-figure-out things in Bitcoinistan™ still out there.  "More wrinkles than you can shake a stick at"

You shouldn't take the priority levels attached to transactions by blockchain.info serious. It's just pure guessing that they do. I even had a transaction with just 0.00005BTC included, that was marked as high priority by them, but it took a day to get its first confirmation. Other times I send out transactions that get market as low priority, but they get confirmed instantly... It's up to the pools and not blockchain.info to give transactions priority. Blockchain.info is giving false indicators.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
November 21, 2016, 04:42:28 AM
I can't complain about transaction speed, so far never had any issues. But the speed is not the same all the time, depends on many factors.
Since I have Bitcoin debit card I'm usualy spending my coins on that way and thus avoid any delays when making payments. When transfering coins to wallets, usualy the transaction time is acceptable.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 21, 2016, 03:47:28 AM
It is okay,though not at speed of light, at the present rate it is good, those people complaining about slow transaction are those that doesn't know what they are doing, they need to input the right transaction fee for fast confirmation

Or maybe they know they can send it faster with an altcoin and not have to pay any extra rip off fees.  Wink

Test LTC or Doge if you like China controlled coins, you'll see what I am saying.
After using them , you will know BTC is a slow crap coin.


 Cool
If you compare them with bitcoin they are faster because the volume of transaction is much smaller, but it's not the issue here, bitcoin is still fast compared to the payment processor that it can compete it's value.

In the crypto world it's clear that bitcoin is the most trusted as it is the most progressive.
legendary
Activity: 1092
Merit: 1000
November 21, 2016, 02:34:06 AM
It is okay,though not at speed of light, at the present rate it is good, those people complaining about slow transaction are those that doesn't know what they are doing, they need to input the right transaction fee for fast confirmation

Or maybe they know they can send it faster with an altcoin and not have to pay any extra rip off fees.  Wink

Test LTC or Doge if you like China controlled coins, you'll see what I am saying.
After using them , you will know BTC is a slow crap coin.


 Cool
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
November 21, 2016, 02:29:27 AM
It is okay,though not at speed of light, at the present rate it is good, those people complaining about slow transaction are those that doesn't know what they are doing, they need to input the right transaction fee for fast confirmation
hero member
Activity: 994
Merit: 544
November 21, 2016, 01:41:46 AM
Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

Bitcoins Transactions is fast, yes we cannot deny it. but it depends on the network confirmation. The scenario of using bitcoins was the confirmations from block chain. Bitcoin transaction was more secure than using debit or credit card because they dont need more info in bitcoins. Just a wallet address will do.
hero member
Activity: 3010
Merit: 666
November 20, 2016, 11:54:18 PM
As compared to  online transaction bitcoin is far far faster as it doesn't require any opt configuration and other security factors it simply require to open app and tap send that it. But online transaction in banking system is too slow and irritating.
Because it's simple and we do not need to comply with the government rules stating our real information like a legitimate payment processor does, the thing is we were able to hide our real information and we will not be able to declare our real income and expense so we can do away with the taxation.
hero member
Activity: 588
Merit: 500
November 20, 2016, 11:48:00 PM
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos Smiley
bitcoin transaction is ok and there is nothing wrong to it, as the problem is in transaction conformation, some time it take a lot of time to conform a transaction, as it also depend on the transaction free if yo pay a little high free as compare to the normal fee then the conformation become comparatively fast to normal transaction. but over all then transaction conformation problem should be solve in priority basis as some time it create a big problem when you are going for shopping and then doing wait for transaction conformation.
yes i am agree with there it is a fact that there is nothing wrong with the transaction speed but the main problem is the conformation fee i think this problem should be solve on priority basis.
full member
Activity: 238
Merit: 100
November 20, 2016, 10:57:03 PM
As compared to  online transaction bitcoin is far far faster as it doesn't require any opt configuration and other security factors it simply require to open app and tap send that it. But online transaction in banking system is too slow and irritating.
hero member
Activity: 1666
Merit: 502
November 20, 2016, 10:18:03 PM
Well in case of bitcoins .bitcoins transaction are slow ,when u compare them with credit card transaction .well u cant just compare them both , they are both different in different ways .kudoos Smiley
yes, if compared with credit card, bitcoin transaction is slow since fee bitcoin in each provider wallet it's a different . sometime also not wearing fee transaction
member
Activity: 70
Merit: 10
November 20, 2016, 09:51:33 PM
Well in case of bitcoins .bitcoins transaction are slow ,when u compare them with credit card transaction .well u cant just compare them both , they are both different in different ways .kudoos Smiley
legendary
Activity: 1092
Merit: 1000
November 20, 2016, 07:02:47 PM
Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

LOL,  Cheesy

Actually no it does not, you really have to wait ~week or so before you can be certain a BTC transaction can't be erased.
China has over 51% mining capacity, if they wanted they could overwrite the last 10 hours or so, and no one could stop them,
(it would take them ~ 1 day to do it and everyone would know, but technically they could do it.)
And it would not be the 1st time the BTC blockchain has been overwritten by someone with more than 51% hash rate. Wink
https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448


 Cool
legendary
Activity: 2968
Merit: 1895
November 20, 2016, 06:35:09 PM
Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.
Why the delay makes bitcoin become best payment processor? I don't think so. The effective amount was following the statement undelayed and safe. I may think lightning will resolving it in the future.
The confirmation was making for preventing the double spent or zero transaction.
Would it have some problem there, need to be resolved?



Today I had a BTC payment (received) that was termed "Very High" priority (blockchain.info) and with a $0.15 fee that took over two hours to confirm even though SEVEN blocks were found after receipt.

There certainly are hard-to-figure-out things in Bitcoinistan™ still out there.  "More wrinkles than you can shake a stick at"
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
November 20, 2016, 06:23:10 PM
Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.
Why the delay makes bitcoin become best payment processor? I don't think so. The effective amount was following the statement undelayed and safe. I may think lightning will resolving it in the future.
The confirmation was making for preventing the double spent or zero transaction.
Would it have some problem there, need to be resolved?
hero member
Activity: 756
Merit: 501
November 20, 2016, 05:07:44 PM
Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.
full member
Activity: 214
Merit: 100
November 20, 2016, 03:42:46 PM
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos Smiley
bitcoin transaction is ok and there is nothing wrong to it, as the problem is in transaction conformation, some time it take a lot of time to conform a transaction, as it also depend on the transaction free if yo pay a little high free as compare to the normal fee then the conformation become comparatively fast to normal transaction. but over all then transaction conformation problem should be solve in priority basis as some time it create a big problem when you are going for shopping and then doing wait for transaction conformation.
sr. member
Activity: 1414
Merit: 283
November 20, 2016, 03:04:11 PM
the thing that i like most about bitcoin is that its transaction is faster than real money , real money takes more that 5 hours probably a day to send money but with bitcoin it only takes a few minutes to send and reserve money
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