Post
Topic
Board Bitcoin Discussion
Re: Transactions speed prevent us from going to Mainstream ?
by
Mickeyb
on 05/08/2015, 15:30:37 UTC
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 ?  Huh It wouldn't make any sense .

Honestly , I'am not even sure what controls the speed of the transactions .

No, this is not preventing us from going mainstream. 10 minutes for getting 1 confirmation or 60 minutes for getting 6 confirmations and being absolutely sure that that you will get your money is not a long time to wait at all.

Services that we are using today are much slower (banks, credit card companies, etc..).

Our problem is trust and user adoption and these 2 absolutely depend on each other. Once we get more trust from the average Joe, our user adoption will skyrocket as well.