Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction Times SUCK
by
zsp
on 11/07/2015, 13:54:07 UTC
So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.


2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.


It really depends on the business. What first brought people to Bitcoin was the (supposed) anonymity and the ability to buy drugs and other contraband on-line risk free. For that business it's perfect. Buying a soda at a gook mart, not so much.

I am aware of that, but I thought the business plan is to take Bitcoin to the masses which would establish trust in the currency and eventually would give a stable value for Bitcoin. Mass adoption is not possible if you can't even buy a bloody gift card with it. When there are 6 hours confirmation times then the average users see the currency as unusable.