What real world situation have you had problems due to 10 minute confirmation?

[RodeoX]

Yeah, there's this misconception about Bitcoin where some people think they have to wait 10 minutes after buying a cup of coffee with Bitcoin so it shows up on the blockchain as confirmed, because unless it shows up they aren't fully calm about it. What they don't seem to get is credit cards dont confirm instantly, yet everyone uses it.
I would only wait for the full confirmation if I was buying something big like a car, otherwise it's pointless to wait, you just treat it like a mundane credit card transaction.

I think your right. And the credit card example is apt. In fact when you use your card at McDonald's there is no way possible to determine if the transaction is fraudulent. They take the card anyway because it is not cost effective to steal credit cards to pay for a hamburger. Nor is it worth the extreme measure of launching a double spend for that burger.

[cafucafucafu]

I think they may need to use 3rd parties to insure transactions. A Visa for Bitcoin?

[Xialla]

Ya, that's why I don't see the confirmation times as that big of a deal.

from my perspective, it is also fine, but for some (ok, majority) non-technically gifted people quite hard to understand, that even it is "unconfirmed transaction" it is done and it is ok..

[LiteCoinGuy]

I think they may need to use 3rd parties to insure transactions. A Visa for Bitcoin?

or a Bitpay 

[thejaytiesto]

Yeah, there's this misconception about Bitcoin where some people think they have to wait 10 minutes after buying a cup of coffee with Bitcoin so it shows up on the blockchain as confirmed, because unless it shows up they aren't fully calm about it. What they don't seem to get is credit cards dont confirm instantly, yet everyone uses it.
I would only wait for the full confirmation if I was buying something big like a car, otherwise it's pointless to wait, you just treat it like a mundane credit card transaction.

I think your right. And the credit card example is apt. In fact when you use your card at McDonald's there is no way possible to determine if the transaction is fraudulent. They take the card anyway because it is not cost effective to steal credit cards to pay for a hamburger. Nor is it worth the extreme measure of launching a double spend for that burger.

People use credit cards and electronic payments and they have literally no idea what's going on beyond clicking or swaping the card. It actually takes months for a credit card transaction to get confirmed. There have been cases where months later scammers have managed to reverse transactions done months ago. Bitcoin is better than everything.

[celebreze32]

I had problems waiting for over an hour for one confirmation when I sent Bitcoins to an exchange once. It's highly unusual for a confirmation to take that long, but it did affect me that one time and was extremely frustrating.

[Chomsky]

People make such a fuss of the confirmation times but it's a minor issue if that. Once your coins are sent they're as good as confirmed any way but businesses will use payment procesors so they'll be covered in the unlikely event a double spend occours but how often does that even happen? Seems like something very hard to do.

[Amph]

i actually don't mind too much the long waiting, unless it becomes more than the average waiting(60 min for 6 confirmations)like above 1 or two hours, i don't like that the time is random, only this irritate me

this especially when i'm sending coin to an exchange because i need to trade at that exact time

[numismatist]

I think they may need to use 3rd parties to insure transactions. A Visa for Bitcoin?

or a Bitpay 

The better approach. Otherwise people would recognise that they can use a Visa in the first place for stuff, saving some headaches.