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How are you dealing with the recent slowness of BTC transaction confirmations? Transactions can easily take over an hour now, especially if naive users don't un
by goodside 13y ago
How are you dealing with the recent slowness of BTC transaction confirmations? Transactions can easily take over an hour now, especially if naive users don't understand how to set fees.
- nottombrown 13y agoCurrently we use coinbase, which automatically sets a reasonable fee on transactions. So far all my transactions have been faster than a few minutes.
- adamnemecek 13y agoYou should switch to dogecoin since it has a faster confirmations.
- tlrobinson 13y agoI assume you're joking, but faster confirmation times doesn't necessarily mean they're equally secure. Blocks take time to propagate across the network, so if the confirmation time is too short miners will be working on old blocks for a larger portion of that time, essentially wasting some of their hashing power, making it easier for an attacker to beat them.
- adamnemecek 13y agoI was joking, yes.