Post
Topic
Board Bitcoin Discussion
Re: MyBitcoin.com, where did it go?
by
cypherdoc
on 31/07/2011, 15:59:06 UTC
The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits.
Often it is 1 hour or more, and mybitcoin did it in a few seconds.
Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not.
It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it).

We can make that happen too, a first notification when payment is on the bitcoin network. However we cannot guarantee it'll be confirmed (that's up to miners).

MT; if both buyer and merchant have mtgox accts couldn't you make the tx's instantaneous?