Can someone familiar with the topic explain how shared wallets work in terms of not needing any confirmations?
So if i opt to set the shared flag = true:
- Does that mean I can accept a transaction as soon as i get the transaction?
- Does the amount get forwarded to the final destination as soon as its received?
Right now it takes us 4 confirmations to confirm a purchase before sending the goods, then we have to wait for 6 more confirmations before it shows up at MTGox before selling. Needless to say, that is long time for market conditions to change.
Thanks
Richie