Ninjastic
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Board Bitcoin Discussion
Re: Blocks are still taking way too long.
by
jonald_fyookball
on 12/10/2014, 21:43:56 UTC
Quote from: mnmShadyBTC on October 12, 2014, 09:41:37 PM
Quote from: leopard2 on October 12, 2014, 07:05:49 PM
Quote from: franky1 on October 11, 2014, 08:10:39 AM
Quote from: Bit_Happy on October 11, 2014, 05:10:53 AM
Over 30 minutes for a single confirmation does not (and will not ever) work in the real world.
(Almost) Every time I start to believe that BTC is "going mainstream", I have a delay waiting for a 30+ minute block....  Shocked

solution:
if your paying for a coffee or a mars bar, dont wait. if your buying a house wait 30 minutes

solution:
if your paying for a coffee or a mars bar, use LTC or DOGE. if your buying a house wait 30 minutes  Wink
One confirmation with LTC or DOGE is much less secure then a 0/unconfirmed TX with bitcoin. Both of their network is not secure so it would be easy to attack the network and reverse your TX. Once a TX is propagated throughout the network, nodes will not accept TXs that use the same inputs so you will not be able to broadcast a TX that spends the same inputs, the only way to double spend is to confirm a block that uses at least one of the same inputs as what you just spent. As long as the value of your cup of coffee is less then what it costs to mine the next block then you are almost certainly safe to accept a 0/unconfirmed TX after the TX has been properly propigated

Not disagreeing with you , but isnt LTC fairly secure?