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gsingh (OP)
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December 25, 2013, 10:48:10 PM
 #1
Merry Xmas everyone,

I have a question. On blockchain I can see 46 confirmations (button) next to my transaction. Is it standard? Why so many confirmations are there?

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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December 25, 2013, 10:50:05 PM
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every block that is built ontop of the chain that holds your transaction lends to it a confirmation.
Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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December 26, 2013, 09:43:25 AM
 #3
Yes it will go on forever every single new block once accepted
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