Quote from: franky1 on March 20, 2014, 08:04:38 PM

Quote from: Bit_Happy on March 20, 2014, 07:23:19 PM

I Love BTC, but any honest look has to reveal that the transactions take WAY to long.
Did Satoshi ever comment on why he used ~10 minutes per block and/or did he consider a much lower number?
If he did, I haven't seen it before.

this exact question was asked a cople weeks ago.. so again

imagine 5 years ago satosi seen banking does things in 3-5 days and originally came up with a concept of bitcoins confirming in 30 minutes.. a bit of debate ensued and every agred on 10 minutes.

now imagine if today bitcoin was invented (instead of 2009). and the confirm time was agreed as 2 minutes... in 5 years time your future successor would be on a forum complaining that 2 minutes is a long time and you want a 40 second confirm time.

now imagine if in 5 years time bitcoin was invented (instead of 2009) with a 40 second confirm time.. your successor would complain and want a 8 second confirm time,

blah etc blah... endless loop of arguements

Correct!
That would also probably mean that Bitcoins will be mined sooner than expected.