Quote from: Xester on November 30, 2016, 05:05:11 AM

Quote from: aubert on November 29, 2016, 07:30:41 AM

Quote from: David Walters on November 29, 2016, 07:26:54 AM

Indeed, the future of bitcoin is bright, in another 2-4 years it will be huge.

The slow confirms are not a problem.

The slow confirmation will be a problem if you're wanted the transaction to be done urgently but you need to wait for at least one confirmation which rarely takes more than 15 minutes for an average time needed for a transaction to be confirmed and luckily less than 15 minutes.

you're not considering it as a problem. that's okay. maybe you're not transacting so often hence you never really got the experience of waiting confirmation to arrive

To online transactions like purchasing online wherein it will take some time before they send you your items there is no problem. But when we use bitcoin in paying for a cup of coffee in a shop the long confirmation will be a big issue since some confirmation took a 2 to 3 hours time before it is completed. And so if you are a customer you will wait long before you can leave the shop. But another thing, if the shop owner is open minded after checking the blockchain you are allowed to go. But this issue of slow confirmation should not be left aside since big merchants see this as a problem.

well that's right that the merchant could do some steps to check whether the transactions are sent without any intention of cheating by seeing the transaction histories and the fees were spent for each transaction by the sender. but still the confirmation is needed if the merchants are seeking the safest way to deal with their customer.