LOL...

Have any of you ever engaged in bitcoin transactions before?
I have.

I've made quite a few. I'll tell you how it goes, usually.


In the cases where I was the sender, the receiving company acknowledged my payment within seconds.

Yes, that's correct... seconds. The transaction was nearly always for a tiny amount, about $5 equivalent, so probably they didn't feel it was necessary to wait for multiple confirmations before they acknowledged the fact that I had made a bitcoin payment to them. But literally, within seconds their payment webpage would reload, thanking me for making payment, and my email would ding, letting me know a new message had been received, and invariably, it was a confirmation email from the company...


In many other bitcoin transactions, I was both the sender and receiver... I was either sending from an exchange to my wallet or from one of my wallets to another wallet on another computer of mine or my phone. These transfers/transactions took mere seconds for the first confirmation. (Although once, it took a damned long time, and believe me: I was sweatin' that day till it got confirmed!)

Was a transaction recorded in a block at the moment I received these confirmations? No. Obviously not. But the bitcoin network was, rather quickly, acknowledging my transaction. In seconds.

From the comments in this thread, I strongly suspect the majority of you have little to no active experience of actually using bitcoin.

Amirite?
 

The following is true, for those who are not hyper-hysterical, prone to paranoia, and who are able to read code properly and investigate before shooting off their mouths spouting inaccurate and immature accusations:

https://www.youtube.com/watch?v=Q6m9St0dY1E


If you would like to see a bitcoin community that is healthy and growing and a BTC price that is rising, then do the following:

1) refrain from sharing your worst paranoid suspicions until/unless you have technical competency to back them up.
2) refrain from jumping on the "me too" crazytrain as it pulls out of the station.
3) be honest with yourself about your level of knowledge and technical competency. then, take it to the next level: be this honest with the rest of us. it's the best course of action in life.
4) don't listen to turtlehurricane. read his posts with amusement, and then seek out the opinions of more professional, competent and even tempered individuals who can explain the situation with far more accuracy---and then begin to form a proper well-informed opinion.
5) floss

"And this orwellian control freak is on the loose around Bitcoin inner circles?"

This seems a bit trollish...

Please accept my humblest apologies if it was not meant to be.