Quote from: snarlpill on June 10, 2015, 01:40:45 AM

Quote from: bbeesley on June 10, 2015, 01:02:02 AM

Quote from: snarlpill on June 09, 2015, 04:56:17 PM

I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods

Or if you are purchasing something in store. I would hate to have to wait 60minutes for a beer from some local vendor.

Good point, for some dumb reason I was only thinking of online shopping. If it were a small vendor though I would imagine it would just be his personal wallet and would ultimately be up to him to accept at 0 confirms or wait for more.

This is exactly what I talk about. In the case of purchasing something in a store IT IS WRONG to use Bitcoin directly. Bitcoin is NOT a instant transaction service. Anyone considering accepting 0 or 1 confirms for Bitcoin deserves to get burned. DO NOT DO IT! Do not even consider it. Seriously. Do not!

If a merchant wants instant transactions use one of many commercial services available.

If a merchant wants to use Bitcoin directly then do it right. 6 confirmations minimum!