Post
Topic
Board Bitcoin Technical Support
Re: Any way to get much faster confirmations?
by
Stephen Gornick
on 03/10/2012, 18:43:49 UTC
Is there any way to get much faster confirmations?

Well, you could work with SMPAKE, which will credit your Mt. Gox account after one confirmation (as long as your Mt. Gox account is verified, 2 confirmations with no verification.)

  - http://bitcointalk.org/index.php?topic=102176.0

So simply obtain a Bitcoin address for payment from SMPAKE and give that to the customer.

That cuts your problem down significantly.

If you want 0/confirmations, just make sure the merchant's node is configured properly (no incoming transactions, explicit outgoing connection to well-connected nodes) and possibly offer to insure by assessing a small fee on each transaction that covers the cost should any race attacks or Finney attacks be succesful.