Post
Topic
Board Bitcoin Discussion
Re: A company just patented Bitcoin transactions via SMS
by
AlexTF.CCN
on 23/08/2018, 09:38:51 UTC
Talk about mainstream adoption, it reminds me of when BofA implemented the same thing. Good that they're working on making it more accessible to people, still have to go through the annoying 2-3 hours transaction speed though -.-

https://cryptocoin.news/videos/bitcoin-this-week-bitmain-collects-18-billion-in-ipo-bitcoin-transactions-by-sms-and-more-19023/

I don't know how you are saying that the transaction speed is 2-3 hours now?? That's a long gone past and with the adoption of segwit, it has come down to 5-10 minutes long back. Check your facts before saying this!!

https://www.blockchain.com/btc/unconfirmed-transactions

The above link shows the number of unconfirmed transactions and currently while I type this reply, it is showing 2131 transactions are unconfirmed! That's well within the limit and should not take more that 5-15 minutes to get 3 confirmations from the network. Also the transactions fees are now in cents. I often make transactions valued $300-$400 and pay the fees in cents. 


Good for you bro, I use KeepKey and it takes 2-3 hours to confirm so that's my own personal experience Smiley