Re: Transactions speed prevent us from going to Mainstream ?
Could this be the reason , It's like 15-20mn to get at least 1 confirmation if I'am correct ?
Anyway the point is that we need some time to get transactions verified , could this actually prevent us from going to mainstream ? I mean if you want to buy something from McDonald are you supposed to wait 15mn while that's the time of your launch break ?
When you are buying parking tickets are you also supposed to wait few minuts ?
It wouldn't make any sense .
Honestly , I'am not even sure what controls the speed of the transactions .
The transaction confirmation times are determined by the mining difficulty. But it is actually random, with the average block time and thus confirmation time supposed to be 10 minutes.Anyway the point is that we need some time to get transactions verified , could this actually prevent us from going to mainstream ? I mean if you want to buy something from McDonald are you supposed to wait 15mn while that's the time of your launch break ?
When you are buying parking tickets are you also supposed to wait few minuts ?
It wouldn't make any sense .Honestly , I'am not even sure what controls the speed of the transactions .
It might be the reason, but probably not. I think part of it is the fact that once confirmed in a few minutes, the transaction is non reversible, unlike credit card systems which can be reversible up to 180 days. By this logic, are you supposed to wait 180 days before your transaction becomes nonreversible so that you can actually buy something? No!