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.
That's much worse.
It's > 60 minutes + "inclusion wait"?
In the three block wait example, you had to wait 90 minutes for full certainty? That's far from satisfying the immediate transferability requirement of a currency.
Yes, I had to wait. I was sending a few bitcoins from one exchange (won't name it) to another, and as I could see it on the blockchain, the incoming transaction to my wallet was from a few
dozen addresses.
incoming transaction from a few dozen adresses? this is the first time i hear thats possible. been doing transaction betweens exchanges. not a lot, still a newbie.
the waiting times are horrible. exchange to exchange has taken even days to complete.