3 ms·
Indeed, 7 day moving average of confirmation time is currently 107 minutes. This has gotten as high as 440 minutes, making Bitcoin utterly useless as a transact
by lwansbrough 9y ago
Indeed, 7 day moving average of confirmation time is currently 107 minutes. This has gotten as high as 440 minutes, making Bitcoin utterly useless as a transactional currency. It's basically just e-gold now.
- makomk 9y agoOf course, the reason the Bitcoin confirmation time is so high is because it's processing more transactions than every cryptocurrency except Etherium...
- lwansbrough 9y agoEthereum is fast too, and what it comes down to is the fact that the majority of people who use Bitcoin today are invested in it as an investment and not as a currency. Which means any efforts to fix the problem are met with pitchforks because it could disrupt the market and kill the value of their gold.