bitcoin transactions - Slow OR Fast

[TastyChillySauce00]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Of course yes, bitcoin can be accepted in local stores even if it is need much time until every local stores accept it. And The solution for low transaction is using high fees when costumers makes payment on local stores. It will save costumers time.

high fees won't affect that much compared to normal fees,still being included in the same block and need to wait till the block been solved,so it's not going to success,the only way is enabling 0 confirmation transaction or just wait it and hoping the transaction confirmed in few minutes not hours

[romero121]

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

[X-ray]

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

You can't consider unconfirmed transaction as a "transaction" because it's still not confirmed by the network and you don't know whether it could possibly rejected by the network or it will be succeed

[serjent05]

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

You can't consider unconfirmed transaction as a "transaction" because it's still not confirmed by the network and you don't know whether it could possibly rejected by the network or it will be succeed

But still you called it a  transasction.  Transaction is transasction, either it is rejected or accepted. The confirmed one is called succesful transaction or accepted transaction , the  unconfirmed one is called unconfirmed transaction and the rejected is called rejected transaction.  See the point there?

Code:

trans·ac·tion
tranˈsakSH(ə)n,tranˈzakSH(ə)n/
noun
an instance of buying or selling something; a business deal.

synonyms:	deal, business deal, undertaking, arrangement, bargain, negotiation, agreement, settlement; proceedings
"property transactions"
the action of conducting business.

synonyms:	conduct, carrying out, negotiation, performance, execution
an exchange or interaction between people.
"intellectual transactions in the classroom" 

[GreenBits]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Of course yes, bitcoin can be accepted in local stores even if it is need much time until every local stores accept it. And The solution for low transaction is using high fees when costumers makes payment on local stores. It will save costumers time.

high fees won't affect that much compared to normal fees,still being included in the same block and need to wait till the block been solved,so it's not going to success,the only way is enabling 0 confirmation transaction or just wait it and hoping the transaction confirmed in few minutes not hours

But there is always inherent risk in accepting 0 confirmation transactions as proof of payment, there is always the possibility of double spend. But, I admit it would be hard to launch a double spend attack while checking out at a register.

[Monumental]

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

You can't consider unconfirmed transaction as a "transaction" because it's still not confirmed by the network and you don't know whether it could possibly rejected by the network or it will be succeed

That is right. It is too risky to accept an unconfirmed transaction if some amount of money is involved.

[Maesters1-]

it has different result in different occasions. some time time transaction speed increase so much and within seconds the transaction is conformed but some time it take a lot of time may be hours to conform the transaction.

[dragunfly]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

transactions aren't slow at all, if you pay normal fee,  i usually pay like 7 cents fee and my transactions are usually very, very fast, less than 30 seconds

[kpitti]

Bitcoin transactions are very fast. Bitcoins are sent within some seconds.
There is a different problem and this is number of confirmations needed by each store, service or whatever you can find who is accepting Bitcoins. Then more time is needed to get three or more confirmations.

[Doamader]

Thats where the third companies will act, instead the merchant have to force the costumer to wait some minutes, those companies will work between both, soo those will be the same way as pay with the current credit or debit card. But over the time we will see something appearing atleast is expected that bitcoin core make some improvements.

[lister storm]

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

You can't consider unconfirmed transaction as a "transaction" because it's still not confirmed by the network and you don't know whether it could possibly rejected by the network or it will be succeed

That is right. It is too risky to accept an unconfirmed transaction if some amount of money is involved.

thats true, it might easily be a doublespend, besides that if person sends it via phone i think it would be really safe as it would be impossible to do that

[Blackmet]

At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

[Strongkored]

At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

yeah, I also minded the same, in addition to other transaction model like Paypal and WU bitcoin is much faster and is superior in my opinion. But if you send USD from the PM also very fast even in a matter of seconds your money has been received by the party that you transfer. But I prefer to use bitcoin because with bitcoin we also indirectly invest

[madwica]

At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

yeah, I also minded the same, in addition to other transaction model like Paypal and WU bitcoin is much faster and is superior in my opinion. But if you send USD from the PM also very fast even in a matter of seconds your money has been received by the party that you transfer. But I prefer to use bitcoin because with bitcoin we also indirectly invest

As my experience using bitcoin it is good not very fast and not so slow but if you compare into other remittance center it is much faster than them and not only by sending and receiving money it is also can be used in online shopping transaction and paying bills the confirming transaction is also be good.

[JeffBrad12]

Bitcoin transactions are very fast. Bitcoins are sent within some seconds.
There is a different problem and this is number of confirmations needed by each store, service or whatever you can find who is accepting Bitcoins. Then more time is needed to get three or more confirmations.

All of the transaction it's instantly and this is applied on another transaction, no only on bitcoin and the number of confirmation is needed by each store because the confirmation can make the transaction is legal and some store is apply to get some confirmation before.

[Achargeturry78]

the normal trasaction for bitcoin transaction is up to 6 confirmation or 1-2 hours it always depends because some time it always accepted by exact time if you use to send in gambling site probaly it will delayed for sure because many player also send their bitcoin into that site but if in online store it will be fast as 123 fried and toasted i use amazon to shop online because amazon now is accepting bitcoins payment and for sure many of us will shop as easy as we want

[TheGodFather]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

If you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

[mirakal]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

If you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

In overall bitcoins is still fast because we can transact 24/7 and that is good because it is accepted worldwide by those who adopted in using it. We can see that it will increase in the near future and that would improve the market of bitcoins and new merchants are going to adopt because of its faster transaction and cheap as well.

[arseaboy]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

If you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

In overall bitcoins is still fast because we can transact 24/7 and that is good because it is accepted worldwide by those who adopted in using it. We can see that it will increase in the near future and that would improve the market of bitcoins and new merchants are going to adopt because of its faster transaction and cheap as well.

yes mate for me also bitcoin transaction is fast already instead of going to the bank and fall in line, in this coming generation people awareness regarding to this currency will be increase and adaptation to certain service will be available looking forward to see even restaurant and fast food will accept bitcoin payments.

[mobnepal]

If enough transaction fee is paid than it will take only 10 minute to get transaction confirmed however for local merchants bitgo instant transaction could be solution, as well as payment from green address of block.io could also be solution.

On the other hand coinbase payment, bitcoin debit card all could be used for instant bitcoin transaction.