Topic: Saying hello to Bitcoin fans! (Read 2639 times)

The 10 minute confirmation could be viewed as equivalent to the 30-day time window after paying with a credit card, since with a credit card a transaction can usually be reversed during that time. With Bitcoin, the 10 minute confirmation time is the time to cement the transaction to be practically irreversible.

Welcome to bitcointalk its always nice to see new people joining in bitcoin community I hope you will have great time here and become a strong bitcoin user in the future

Welcome to the forum, I hope we can exchange some quality posts here.

About Bitcoin confirmation times, there are not a problem. 10 minutes is not that a problem at all, even 60 minutes for 6 confirmations is not a big of a deal when comparing to the bank wite transfers or other similar ways of sending money. If you are so worried about the confirmation times, you should know that already exist programs that can tell you 99% is the transaction real or not. As the time passes and technology improves, this will be even 100% so then, transactions will be pretty much instant.

Bitcoin is much faster than credit cards. Credit cards take days to clear. Bitcoin "clears" in 10minutes or less.
It's not exactly easy to double spend, not really worth the trouble.
The moment the BTC leaves your wallet and enters the merchant's, it's safe enough. You only really need to wait on confirmations for very large purchases.

Hello. Welcome to this forum.

hey there I also bitcoin users are already quite a long time and now the bitcoin is a currency that is my love
because bitcoin has changed my life for the better.
Nice to meet you

hello there, i am also a bitcoin fan, if you like fast transaction time, i have used ripple. its a very nice currency and user friendly

transaction time depends on the transaction site. some sites take more than usual time to place a successful transaction. there may be several reasons behind it. some sites take very less time but charge more transaction fee.

According to me, it's fine as it takes all the transactions during that considerable time into the found block, else, if the block time gets lowered, it's possible that all the coins get mined before the time which might not be good for crypto-world...

it's coming, they are migrating the whole forum, or i think they are making a new one, the funds are there it just need time

according to me the time it takes  is because of the long queue. even though the system to transfer btc is automated the time it takes varies because of the traffic the particular website has. and also you can get transfers a little faster by increasing the transaction fee.

I have recently registered this forum and my experienced is good still now.

Hi

BTC community is the best one. I lope this crypto world.

why ?? you have a huge number of post,i think,following activities equation you will be more upgraded;

saying heloo but this site need some redesign 

You are right.  Thing is that people always want something better than they already have.

:-)

Not to mention that unless you are doing something that requires instant delivery, it won't matter.  Even some gambling sites credit users deposits with 0 confirmations.

Hi! Glad you decided to participate. This forum can use more positive posters.

I lurked for a while too and I wish I registered sooner, not under this account but another.

Hey welcome to the forum, b.t.w we are not fans, we are addicts. ^Ha Ha Ha^
You should have joined the forum, when you got interrested, because you would have been much better off financially. If you joined a signature campaign, you could have got payment for something you love.
This not only strenghten the companies you support, but it improves the knowledge base of the whole forum.

Checking this faucet out.  Also blockchain.info has a wallet if u dont want to download anything.

you don't need much, just a wallet, i suggest bitcoin core + bootstrap download and put it in your appdata/roaming/bitcoin folder

then join a signature campaign and start earning, or go with faucets for a few satoshi

this is a good one 1k every 30 min http://www.satoshigarden.org/

I'm saying hi too.  My mate told me about this site. 

I have started to look just so much information.  Not sure where to even start.

Hi Welcome to the forum.

From my profile you can see I've been in the cryptospace for awhile.  But I haven't actually been actively posting.  I've had lots of lulls in activities.  Anyways currently I try to stay active in the trading sphere and its really exciting.  I'm really excited to see where Bitcoin will be in the future.

That isn't that bad 58 days, I have seen a few with 170+days. It doesn't tell the story though does it if you stay logged in forever and leave your computer few times a day that soon adds up.

Anyway OP I have had transactions as quick as a few minutes and as long as a couple for hours all high priority, basically luck of the draw isn't it don't let that annoy ya. Glad to have you hear and you have come of lurk mode after all this time!  

Glad they changed your mind!.  Its' honestly fun and very very addictive.  My log in time is lower then actual but it shows: 58 days, 19 hours and 0 minutes.

I think I have an addiction.... Hi I'm Notlist3d and I'm addicted to bitcointalk

Thanks for warm welcome and kind words. 
Well I was reading some topics but I didn't feel any need to participate. Now, that's changed 

Hello welcome to the forum
like me! i know bitcoin since 2013, i know this forum but not try to surfing and register(dont ask me why LOL).
10 minutes is fast transaction, maybe transaction volume is different with dogecoin.


~iki

In order to increase transaction time the block generation period has to be decreased. Some coins already use 1 minute block generation what in one hand results in many empty blocks, but on the other hand, the confirmation time of transactions is much faster.

since 2013 and joining now? holy moly, where you was last 2 years? anyway, welcome and...10 minutes across whole world almost for free? on most secured network in the world? not so bad imho:)

Hmm.. Alright so I missed the active part. I apologize.

Off-topic: Anyway, I register August 2013 and only started posting everyday in October 2014. I just reached Sr. Member last week.

Welcome and it's good that you finally registered in the forum.
It's good here

That's not true, I made my account in 2014 and I'm still a Junior Member till now
I think what do you mean is, "If you register in 2013 or 2014 and become an active member, you might be a Senior Member (or even Hero) now."

Welcome to Bitcointalk! If you register in 2013 or 2014, you might be a Senior Member (or even Hero) now. You will be able to earn ~0.1 Bitcoin from signature campaign with those two ranks. Anyway, I see your question is being answered.

Welcome to the forums. Glad to see you've decided to unlurk yourself and become a part of the community.
Always be cautious on the forums and remember to use escrow whenever you can.
The bitcoin block times are 10 minutes for security I believe.. Although payment confirmations are instant but most places take 1 or more Block.

I honestly couldn't see the block times being changed in the future.. But perhaps I'm wrong.

Also check out Credits below if you are a BTC user. You can use them to claim free Credits without spending your bitcoin.
It's almost like a little gift just for being a crypto user.

well i said "as average" i know that it can be much faster sometimes, but other times you may find that it take 30 min or more, in some exception even 1+hour(with fee)

Your information is wrong... and it's hard to believe that Senior Member don't know that.


You are trying to tell me that while paying higher fee your transaction won't be confirmed faster?

Well..

Higher transaction fee = higher priority = transaction will be confirmed faster

priority = sum(input_value_in_base_units * input_age)/size_in_bytes

So yes - my information is right - pay higher fee to increase a priority of your transaction.

If you want to argue - send 0.001 with 0.0001 fee and send 0.001 with 0.0002 fee one after another. Then tell me which transaction was confirmed faster


We were not talking about block solving speed. We are talking about speed of transaction = time period from when you send to when receiver can use received coins.





Sorry, but you are not right ...

Just some examples of recent transactions:

https://blockchain.info/tx/cc61ecf31e689ba016f83bf56f00d9ac7f499047a5c08436c703b436bee4b0ae - 1 confirmation in 17 seconds.
https://blockchain.info/tx/414d29157b763b0ef5c885c8c72d4942cff31bd11b94f1c1b9b336b9794b957c - 1 confirmation in 1min11seconds


So well .. sometimes 1st confirmation need just seconds - when your priority is high your transaction will be confirmed in the upcoming block.

Also I know that sometimes it takes more than 30min to get 4 confirmations even when higher fee is included.

But point is - it's not ~10min but it depends on situation and paying higher fees will get your transaction confirmed faster than smaller transaction sent in same time as yours.

Best regards.

yeah it would be first in the queue in this case(or at least chance ar every high), but you still need to wait 10 minute as average(for the first confirmation), you can't do nothing about that

What about hacker at Bitstamp who paid (i think) 1 BTC to transfer bitcoin instantly to his wallet?
Was this huge fee responsible for so quick transaction?

Higher fee paid makes it more likely you will be in a block found sooner.  But you are correct it will not speed up blocks being solved.

Wrong information. Higher Tx fee does NOT make a Tx confirmed faster. It is dependent on how fast miners are finding blocks. Miners generally include all Tx available in mempool that offers standard Tx fee in LIFO mode.

It's not always 10 min.

And I don't think that this is a problem ... you can always pay higher transaction fee if you like to confirm your transaction faster.

It's still a lot faster than bank transfers


Best regards.

Hello everybody!
I'm huge fan of bitcoin and other cryptocurrencies since 2013.
I was reading this forum for over a year, but didn't register (don't ask me why)  
In this time I had only good experiences with bitcoin as payment method. I read lots of people got scammed...that's a shame.
The only thing I don't like at bitcoin is transaction time. Why 10 minutes?  
If it would be like dogecoin, it would be fantastic. Is this time fixed, or can be changed?