The thing is people complain about block times taking 10 minutes on average and make believe that's insanely slow and way too slow for the modern world, while in reality bank transactions and credit cards/debit cards take days, weeks or even months to resolve and are in many cases still reverseable.
Bitcoin takes 10 minutes on average to resolve and are by that point irreversable, and on top of that you can see the transaction instantly and in many cases you can trust a 0-confirmation transaction with reasonable accuracy, especially if it's just a small transaction. And if it's a huge transaction there should be no problem waiting a few minutes.
Try sending some money to a family member or friend using your bank and see if that arrives in less than an hour.
Try opening a store and see how long it takes for a digital transaction to actually get in your hands when someone pays with a credit card or debit card or the likes.
Then come back and tell me 60 minutes is too slow.
Topic: No new blocks for over 1 hour (Read 544 times)
Like I said before some people here are very impatient. They wish price to be higher very soon, bitcoin to be top currency in the world.. Where people are hurrying? Everything will come in the right time, all we need to do is to work for something and not just to expect it.
Instead crying you should try to find some other fun, read a book, watch a movie, play poker ( like I do ) while you wait, think about future.
Instead crying you should try to find some other fun, read a book, watch a movie, play poker ( like I do ) while you wait, think about future.
Evidently bitcoin is not for you, so move on. You're complaining about something that occurs rarely, it's not like we have to wait 1 hour for every single block.
Shows bitcoin cannot be used as a main currency, way too fucking slow
ok. Delete your account and GTFO
Shows bitcoin cannot be used as a main currency, way too fucking slow
because the regular banking system resolves transactions in like what, 3 work days?
Shows bitcoin cannot be used as a main currency, way too fucking slow
Don't like it? Create your own blockchain. 
In the meantime, you might want to educate yourself on stochastic processes and the distribution of time between random events (finding a block is essentially a random event.) 40 minutes is not outlandish, There were 1-hour gaps and probably more. On the other extreme, sometimes a new block is found after a few seconds, it's just that the difficulty adjustment keeps the average block rate to about 6 per hour.
Onkel Paul
Update: 5 blocks within the last 20 minutes... satisfied now?
In the meantime, you might want to educate yourself on stochastic processes and the distribution of time between random events (finding a block is essentially a random event.) 40 minutes is not outlandish, There were 1-hour gaps and probably more. On the other extreme, sometimes a new block is found after a few seconds, it's just that the difficulty adjustment keeps the average block rate to about 6 per hour.
Onkel Paul
Update: 5 blocks within the last 20 minutes... satisfied now?
How lame is that shit?
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