Post
Topic
Board Bitcoin Discussion
Re: Can we still say that BTC transactions are faster?
by
Assmaster2000
on 09/06/2016, 15:22:31 UTC
So you agree, bitcoin's fast, like checks in the mail?  or?
Stop with the false analogies. Bitcoin is faster than anything available from the traditional system.
Not joking, explain the difference between me subscribing to a magazine and mailing a check, and your 0-confirm transactions. Penny Stock Weekly won't be able to spend the check I sent them until it clears, your trading partner won't be able to spend the unconfirmed transaction. Where's the difference?
using blockchain.info still can spend an unconfirmed balance in the old version, don't know with the latest blockchain.info version but once the balance confirmed,the bitcoin which has been spent will get confirmed too and it doesn't take too many time sometimes

So I can send myself money with 0tx fee, spend it from the recipient wallet, and, when it fails to confirm and comes back, like it would likely do here:


Dont know will takes how long the transaction will get confirm or will get rejected.


If you're asking us how long it will take for the transaction to be added to a block: nobody knows... It can happen 10 seconds from now, or it can take several days (or more).
It's all pure luck. A miner decides which transactions he'll put in the block he's mining. He might chose your transaction, or he might chose somebody else's... A lot of times, miners chose the transactions with the highest fee per byte, some of them do make exceptions tough. Maybe one of the pool operators takes pitty and adds your transaction out of kindness, you never know Wink

Good luck!

The future is finally here.

...I can rinse and repeat? That's so cool!