3 ms·

I use electrum wallet and never had a problem with the default settings - transactions appears after 20 mins.

• mynewtb 9y ago
  That's about 19 minutes and 59 seconds longer than what would be acceptable for a digital cash system.
  • deleted 9y ago
    [deleted]
  • svet_0 9y ago
    You just need to wait for a few seconds for the transaction to be "pending" though, which is enough for small-medium payments. Unless you're worried the guy buying a 5$ burrito from you will mine a block with his double-spent transaction.
    • alanfalcon 9y ago
      A service could pop up that offers to double spend your $5 transaction and refund you a percentage of the amount. If they mine the block you scam a few bucks, if they don’t you paid full price. It would be profitable for the miner and for the burrito buyer at the expense of the burrito seller. If such a service becomes common, that seller is going to start making you pre-order your burrito 20 minutes in advance – at which point people will just switch to cash, credit, or a blockchain without these problems.
      • solotronics 9y ago
        you can also walk out of the store with the burrito without paying but that is also stealing. this small transaction issue will be solved technologically but the changes are incremental because of the risks involved.