Can we still say that BTC transactions are faster?

[fravia]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

actually sometimes i get my money that is sent form one wallet to other pretty fast, in 10 second mostly with average fee, but sometimes when i send to different wallet, it takes hour or more

and i usually send pretty large fee to send my money fast, if i send 0,02 for example i play like 0,001 so this is pretty a lot but it still takes some time for some transactions

[pariahbit]

I've never had a transaction take more than 3 seconds to transmit and be received, so yes reasonable transactions are still very fast.

Not sure what you mean by "reasonable." You never had to wait for (at least one) confirm?

The title of this thread says nothing about confirmations.  Just transactions.

In that case, dropping a check in the mail is the fastest way to transact. True, Grammy won't be able to spend that money until she gets the check, sticks it into her bank account, and it clears, but hey, if you want to be excruciatingly literal, there you go

[pariahbit]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

You forgot to mention cash transactions. Zero fee. Instant.

Cash cannot compete with Bitcoin as a digital payment method for eCommerce. Try paying someone with cash in another country, and see how long you will wait for the postal service to send that money

To be honest, none of the places I shop online accept BTC either. So sorta moot.
And most of my "transacting" happens in the meatspace, in brick&mortar stores, offline. I'm old.

[hawkins]

when compared with the others, of course. pembayan bitcoin can still be said to be fast, because it only takes a short time for it, but maybe most people have problems at the time of confirmation

[manselr]

Bitcoin is about decentralization and security, not speed.
If you want speed, wait for Lightning Network. Then we will have billions of transactions daily without no problems, so don't worry about it.

[calkob]

i just sent a payment and it was received instantly and confirmed within 10 mins ?

[DuckKeeper]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

I have heard that it is really fast and that you do not have to pay much money to do so. I have never used it before so I cannot really comment to much on this.

[hendra147]

lately always take a long time, a couple of weeks ago I transactions using paypal, really faster than bitcoin transactions.

[Bitinity]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

You forgot to mention cash transactions. Zero fee. Instant.

Cash transactions are dangerous IMO, bitcoin transactions are the fastest, @OP if you need your transactions to get confirmed faster, then pay a larger fee

What is the dangerous part of cash transaction? If it is dangerous so there will no Bank or even real money in this word.

[VanDeinsberg12]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

Maybe, bitcoin is needed to improve their performance. I agree with you, sometimes if I make a transaction it takes a more time to wait for one block confirmation. It's why bitcoin will have an LN project will make bitcoin transaction without block confirmation.

[pearl11]

Sometimes ,cause some of my transansactions  confirms  very fast. ,while others took a day to confirm all the confirmations.
They should be working on how yo transfer btc fast.

[BossMacko]

for me yes, because once you send bitcoin to another address it is instant , its already on process, you just need to wait for confirmation so that you will be able to see the bitcoin in your wallet. dont get me wrong, but when everytime i have to deal with some, once i see the transaction tx , and the receiving bitcoin in my wallet, even without the full confirmation or even if its unconfirmed confirmation i already give my part in the trade.

[franky1]

too many people are over selling the whole "instant transactions" premiss..

yet due to Malleability, RBF, lack of fee NO ONE should every treat it as "payment received" until its actually confirmed.

there are too many ways to have a unconfirmed transaction disappear
so stop trying to promote bitcoin based purely on unconfirmed transaction times of 'near instant'.

its almost like saying that a fast food restaurant can sell 60 burgers a minute because it only takes 1 second to hand over the burger to the customer..
but when 60 people are in queue ordering a burger, suddenly the restaurant still has a queue of irritated and annoyed customers waiting for a burger well after the minute is up.

so stop trying to twist small pieces of information to then try to suggest its the situation everyone should experience and happily accept.
again no one should be accepting zero confirms. so no one should be using the zero confirm timescales as part of their bitcoin promoting.

if you lemming are atleast honest with people and tell them that bitcoin averages a confirmed transaction within an hour.. people will still be happy..
but saying bitcoin is near instant.. then people find out that the other person hasnt accepted it.. then there are issues.

do not over promise. is basically rule one of decent promotions

[hermanhs09]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

Bitcoin transactions have probably been slower for me over the past months since I would usually get confirmations within the first block that appeared if I paid 0.0001 fee, but now, I would have to wait half a day sometimes.

So no, I don't think that transactions are faster in any means.

[ning_chang]

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

For me bitcoin transaction is not so fast if you compared to the old ones, Old transaction in back 2012 transaction is more faster than now, And sometime blockchain has a huge problem in transaction

[Lauda]

Bitcoin transactions have probably been slower for me over the past months since I would usually get confirmations within the first block that appeared if I paid 0.0001 fee, but now, I would have to wait half a day sometimes. So no, I don't think that transactions are faster in any means.

Saying that you've included X fee is pointless. That fee might be adequate for TX A, but might be too low for TX B. What matters is satoshis/byte (which currently stands at 40 satoshis/byte).

For me bitcoin transaction is not so fast if you compared to the old ones, Old transaction in back 2012 transaction is more faster than now, And sometime blockchain has a huge problem in transaction

Don't blame the network if you can't use Bitcoin properly. There have been no known problems with the blockchain either. You don't know what you're talking about.

[Velkro]

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

Agree, depends on your comparision.
Bitcoin is global, on every aiport in the world you can pay with bitcoin (mobilephone) imagine that.
There is no need anymore for currency exchanges etc. true revolution

[Real-Duke]

Sometimes ,cause some of my transansactions  confirms  very fast. ,while others took a day to confirm all the confirmations.
They should be working on how yo transfer btc fast.

Blocksize increase for example with SegWit? It depends on the solved blocks per hour and the added fee. Never had the problem with no confirms after one hour but before I make a payment I always check the mempoolsize and open transactions

[Venon]

I have some old bitcoins. When I do transactions, I usually send these coins first. They have higher priority so transaction is faster.

[Cuntabula]

Bitcoin is about decentralization and security, not speed.
If you want speed, wait for Lightning Network. Then we will have billions of transactions daily without no problems, so don't worry about it.

Lightning Network or Visa.
Except Visa is real, and Lightning Network will be ready In Two Weeks^TM.