3 ms·
The term confirmation is a bad one. It gives people the impression that they have to wait 10 might.s to an hour to know if they have their money. The moment you
by wc23 10y ago
The term confirmation is a bad one. It gives people the impression that they have to wait 10 might.s to an hour to know if they have their money. The moment you see a transaction in you wallet, you have it, you just have to wait 10 mins to an hour to spend it. So to compare this to legacy systems which take 3-5 days and claim its too slow seems unfair.
- NeutronBoy 10y ago> you have it, you just have to wait 10 mins to an hour to spend it And then after 10 mins to an hour you find you can't spend it because it's been marked invalid, and the guy you sold your iPhone to is long gone.
- codexon 10y agoWhat neutron boy said. If you don't wait 5-6 confirmations, it could be a fake transaction. And I can spend money I get from Paypal as soon as I get it. I don't have to wait 1 hour.