Post
Topic
Board Off-topic
Re: What is the Future of Bitcoin ?
by
DannyElfman
on 03/07/2014, 01:44:22 UTC
future of bitcoin is paying for everything with bitcoins, everyday grocery etc

I don't see many people paying with it through a drive through. 10 min wait could stall fast food lol

I wish people would stop bringing this up as if it's a problem. You don't have to wait ten minutes. Have you ever actually sent bitcoin?

Why do u think that u dont need to wait 10 min ? Unless u wait, there remains a chance of double spending ...is no it ?
There is always the chance of a double spend attack, even after 6 confirmations (via a 51% attack).

Once a TX has been propagated throughout the network nodes will consider the inputs as spend and will reject any TXs that contain the same inputs even when the TX is 0/unconfirmed. The only way to double spend would be to include a block in the blockchain that spends at least one of the same inputs. With small purchases like fast food this would generally not be economical.