Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mb300sd
on 27/11/2013, 21:27:48 UTC
Yep. 4-6 confirmations are what exchanges wait for when transferring millions of dollars. Who gives a shit when it's a $1 coffee?

Yup, when its the one dollar coffee, the merchant just needs to make sure a miners fee was sent. Otherwise the payment may be sent back to the originating address.

Confirmations don't really matter if there is a miners fee sent, speaking on behalf of small transactions.

Bitpay or another payment processor should offer merchants a credit account and/or insurance to provide instant transaction times.

Bitpay already accepts 0-confirm transactions