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Confirmations are not required for casual purchases. The amount of luck and effort required to double-spend an unconfirmed transaction greatly exceeds the value
by jordigh 11y ago
Confirmations are not required for casual purchases. The amount of luck and effort required to double-spend an unconfirmed transaction greatly exceeds the value of casual purchases. Bitcoin confirmations are more akin to the months during which you're allowed to contest a credit card purchase, except instead of months, it's between a few minutes to an hour.
Sitting there waiting for confirmation for a bitcoin purchase for a videogame is like waiting for the credit card company to reassure you that the transaction is now irreversible.
- deleted 11y ago[deleted]