Ok I should have clarified that, this is NOT the actual business model!!

Sorry I don't want to reveal the business idea itself, because you guys could implement it way faster than I can
It's just the transaction part of the business model.

Just imagine there's a certain exchange of value between the customers.

And by the way I think timed payments could be an interesting feature for Bitcoin...

Thanks for your ideas

So first I have to tell you I'm an economics student and really not a programmer.

I'm very excited about a financial system that is built on an algorithm, instead of the reputation of certain institutions.

However I'm rather new to the actual mechanisms of the trasnactions.



So when I want to do a small transaction, I have to pay extra miner fees?

Do I understand it right, that the system is designed to give miner incentives to confirm bigger transactions first and to rather avoid small (or spam) transactions?

Can I see somewhere what's the likelyhood that a transaction is confirmed very fast, with a given miner fee and the assumption of profit maximizing miners, based on empirical results?



They could determine when the TX will be broadcasted. Is it possible to guarantee that for example in 95% of the time the TX will be confirmed within the next hour? This would lower the uncertainty for the customer.

Can you explaine what blocknotify and walletnotify more or less is?

But explain it like to a little child or a golden retriever
Best scene:   https://www.youtube.com/watch?v=SmHl7hKlVj4



That makes sense thank you!

Hello everyone
I`m thinking about building a business with a friend of mine. The business would use bitcoin as its primer currency, because we expect most of the transactions to be rather small amounts of money (1 to 5 $).
I don`t really want to go into details about the idea, but our goal is to only operate as a middleman in the market. The transactions of our business would have to happen as follows:
The user sends us a small fraction of a bitcoin and would define a time frame after which the money should get transferred to another user. From this amount we would take some % for us as profits.
The problem is, our idea would only work if there were a lot of users. And if we achieve this, it implies that we have too many transactions to handle them manually.
So my question is, how can we automatically transfer the coins after a certain time, in a professional way?
User a for example would define that he wants his money to get transferred to user b after 2 days and 1 hour. How can we do this transaction in an automated way.
And how can we store the coins securely within this time? Do they have to be online the whole time, or could we have a better solution whit cold storage in some form?
Any suggestions?

Thanks guys