Post
Topic
Board Economics
Re: Zimbabweans, again, collapse ...
by
tee-rex
on 26/02/2015, 18:06:34 UTC
Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

BTC's price stability isn't much better.

That and 60 minute wait times are the reasons why BTC didn't take over there.

there is no 60 minutes wait, first confirmation is much faster

Not always. Nevertheless, other cryptocoins are still a lot faster. For example, the first confirmation for a dogecoin transaction usually arrives within a few minutes.

been doing btc transactions for a while now. there hasnt been a time that i had to wait more than 20 minutes for the first confirmation.

Once I had to wait for nealy 50 minutes. I think many bitcoin arbitrageurs have seen even longer times for the first confirmation to hit the blockchain.

i guess you are right, and im just being lucky .. looke it up and since the avarage transaction time is between 5 and 15 minutes, there has been people who were waiting for transactions to go tghrough were as long as 3 hours

And it is not the average time between transaction confirmations on the whole that matters. It is more important that your transaction got included in the new block. I've seen it a few times already that my transactions didn't get confirmed with the new block. And a few of them even required two or three new blocks generated to finally get just the first confirmation.