Quote from: Holliday on January 08, 2013, 10:23:30 PM

Quote from: crazy_rabbit on January 08, 2013, 10:19:23 PM

Quote from: Holliday on January 08, 2013, 10:02:19 PM

Quote from: subSTRATA on January 08, 2013, 09:55:19 PM

Quote from: Holliday on January 08, 2013, 09:52:02 PM

Quote from: subSTRATA on January 08, 2013, 09:45:07 PM

Quote from: Holliday on January 08, 2013, 09:08:55 PM

I'm all for competing currencies, but they should at least have some property that is actual competition with Bitcoin!

What advantages does TRC have over BTC that would make it worth my precious hard drive space to bother creating a wallet?

Give me your best pitch!

2 minutes on average for block solution, that is 5 times faster than Bitcoin - noticably less time required for transaction conformation.

Also, it ain't gonna kill your HDD since full install + all data after sync with network is not even 85 MB.

That's it? Bitcoin's confirmation times don't bother me one iota. Thanks for the offer anyway OP!

Well, if you think conformation times that can exceed 1 hour for 1st conformation is something most merchants will love, bet on Bitcoin only.

I don't think they will love it or hate it. I think it's a non-factor. Thank you for sharing the information though.

Actually the confirmation time issue is exactly why some brick-and-mortar merchants have chosen NOT to accept bitcoin. You can't pay for lunch if you have a 30 minute lunch break and it takes and hour to confirm. Or a taxi for that matter. Furthermore the worst part is you don't know WHEN it will confirm, so you stand around just waiting- wondering.

Merchants are concerned about a double spend for $20 lunch or a $15 taxi ride? Could you provide some examples so I can read up on this?

Sure, me. I run buybtc.cz and I'm in the process of trying to get merchants to accept Bitcoin in the Czech Republic. This is the number one question/concern. If you search the forums you'll find a hilarious story about trying to pay for a prostitute with an hourly rate with Bitcoin. The point was that the longer you wait for confirms the more it costs you, but for services like prostitution (a vulgar, but in this story very very funny example) confirmation times are killer.

In this hilarious, but off-color example, the poster made the point that with time based merchants like prostitutes, you have to also pay for the time it takes for confirmations. The longer it takes to pay the more it costs to pay, but since you don't know how long it will take to confirm, you don't know the final price when you include the time taken for both the services and the time it takes to pay. Obviously you could end up with a situation that the confirmation time costs more then the amount sent, requiring you to make another payment, and have to pay yet again for even more confirmation time.

So yes, it's an issue.