Post
Topic
Board Altcoin Discussion
Re: Good Ideas for Successful Alt Coins - Read This Before Coding Your New Alt Coin!
by
Hazard
on 17/05/2013, 15:22:50 UTC
What is needed is a coin that can confirm as fast as a Visa and MasterCard transaction. There is a way to do it. We just need to figure it out. That means at least 4 (four) confirms in under 20 seconds. We need a coin that can do a single confirmation in under 5 seconds.
Anddddd this quote alone proves you have no idea what the hell you're talking about.

Network hash rate aside, confirmations are only as reliable as the distance of time between them. 4 confirmations at 5 seconds no more reliable than 1 confirmation in 20 seconds