So Tired of Waiting...

[jonald_fyookball]

Dont expect honest answers from BTC shills. Transaction times are a big FAIL for BTC.

Most probably an alternative will takeover its marketcap in the future

Monero has a shorter confirmation time, but that still isn't enough.

We need a confirmation time on the order of seconds.

How can this be achieved without creating a ridiculously sized blockchain and overcoming the problem of orphan blocks?

Not really possible to confirm in 'seconds' because there needs to be a substantial time difference between the time it takes to form a block and the time it takes to broadcast and propagate a block to the network.  Since the latter already takes at least several seconds minimum, you need to have a block time much larger, say at least 30-60 seconds, or else the reorgs and orphans will be too much.  I did a quick search on this instantx thing...as soon as I read the words trusted master nodes, well...you get the idea.

As far as Bitcoin, it seems possible to develop pseudo confirmations to facilitate some form of instant protection against double spends by querying the mempool, but so far I don't think there's been a great need for it.

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[GigaBit]

Use a faster coin.... there's lots of options for you and everyone will tell you their bagged coin is the best.
In the end, everyone will use the coin that suits their life most.
I only use Bitcoin because of its gross value and because retailers only take that coin.
As preference though, I much prefer DigiByte over any other coin because it's fast and next update will make it the fastest.
It also caters to 5 algos so almost everyone can mine it, that's cool to me, little to no discrimination.
It's the one coin with more Scrypt miners than SHA miners.
Why wait 10 minutes when all you'll need is 15 seconds?
Dash is pretty neat tech too I guess but always find any name changes to be sketchy. #Banksy-Artsy #Scot-Ham #Dark-Dash
Dash would have been a cool name if SHA miners could mine, since SHA256d is in the name lol

I got fed up of waiting last year and made the 90% switch to DigiByte.
Yeah, I recommend DigiByte but I don't say how fat my bag is... but DGB's a great coin to hold regardless.
Just like the Monero and BTC guys, if all of us who recommend coins showed our wallet, you'd likely see why we recommend them.
I just don't see any serious breakthrough tech other than multi-algo mining, DigiShield security & anonymous addresses.
In the end, OP, make your own decision and homework; that's how you win in cryptos.
All of us give you reasons to use X coins but in the end you make your own choice.

[pozmu]

Just another gripe about how long it takes to get just "one" confirmation.  I want to gamble my bitcoin away as fast as possible but the confirmation time takes sooooo long

Wasn't faster transaction times advertised as one of major Litecoin features? There are many cryptos out there for different purposes, maybe Bitcoins isn't the right one for you/ the task you try to accomplish? Many major services/websites takes BTC payments without any confirmations and wait for confirmation before releasing your funds e.g. you can deposit to casino and play almost instantly with 0 confirmations but to payout your deposit has to be confirmed - I like this approach, it's both fast for the buyer & secure for the seller.

[DeboraMeeks]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

[jonald_fyookball]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

It takes exactly 10 minutes on average, sometimes it can be much faster or slower.  That's Bitcoin 101 folks.

[GTO911]

Bigger cap? Your precious Monero is at $6 million. How does it feel to know that just one Bitcoin whale could own you?
My investments were at $1000 a coin, your altcoin has yet to reach $1. Do I look like I'm worried?  

Early times man, just how BTC was in 2010

Oh i smell the burns, sorry, you have lost quite a lot of money. Buy some Monero before it overshadows BTC. The need for privacy is much bigger you see

[drawingthesun]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

It takes exactly 10 minutes on average, sometimes it can be much faster or slower.  That's Bitcoin 101 folks.

Actually this is incorrect.

If the difficulty did not change at all in the retarget period, then you're correct. 10 minutes.

Historically the difficulty has always increased, therefore the average block time is less than 10 minutes.

I think we'll be waiting several years before 10 minutes is the average.

[mkc]

when greek exit euro, people realize no currency is safer than bitcoin, bitcoin will rally to the moon

[mrcashking]

Just another gripe about how long it takes to get just "one" confirmation.  I want to gamble my bitcoin away as fast as possible but the confirmation time takes sooooo long

You really went to the trouble of making a thread for that, why not just flick yourself in the nose or put tooth picks between your toe nails and kick the wall? I know how annoying waiting a few minutes can be so maybe that will help take your mind of it until it confirms. Hope that has confirmed now and 85% chance you have lost it anyway? lol

[OpenOcean]

Definitely an understandable issue.

[teukon]

Bigger cap? Your precious Monero is at $6 million. How does it feel to know that just one Bitcoin whale could own you?
My investments were at $1000 a coin, your altcoin has yet to reach $1. Do I look like I'm worried?  

Early times man, just how BTC was in 2010

To be fair, Bitcoin's "market cap" was about 10-20 thousand USD through the first half of 2010.  It then saw the most dramatic surge in interest in its history and, by the end of the year, was up to a staggering 1.5 million USD!

A 6 million dollar Monero dwarfs a 2010 Bitcoin.

[GTO911]

To be fair, Bitcoin's "market cap" was about 10-20 thousand USD through the first half of 2010.  It then saw the most dramatic surge in interest in its history and, by the end of the year, was up to a staggering 1.5 million USD!

A 6 million dollar Monero dwarfs a 2010 Bitcoin.

I was talking about the tech, the primitive cryptonote protocol has been coded from scratch and has to go a long way. The wallet is still command line. The dev team just got the lmdb out to keep the chain off RAM. So in a way its just like bitcoin in early days

[teukon]

To be fair, Bitcoin's "market cap" was about 10-20 thousand USD through the first half of 2010.  It then saw the most dramatic surge in interest in its history and, by the end of the year, was up to a staggering 1.5 million USD!

A 6 million dollar Monero dwarfs a 2010 Bitcoin.

I was talking about the tech, the primitive cryptonote protocol has been coded from scratch and has to go a long way. The wallet is still command line. The dev team just got the lmdb out to keep the chain off RAM. So in a way its just like bitcoin in early days

Certainly, and I don't disagree with this assessment.  I just couldn't resist the opportunity of highlighting how insignificant Bitcoin was in 2010.

[e1ghtSpace]

if i'm not mistaken the random time to find a block is also determinated by the unstable diff, that rise and fall all the time

so it's a miners fault

Well, if you consider "all the time" to be 12 days.

Also, it looks as if someone has bought this (quoted) account.
Edit: Nope, just bad english. (no offence)

[Agestorzrxx]

If you choose use bitcoin, the waiting time is inevitable, unless you choose a altercoin, a bunch of altercoin can be confirmed fast than 1 minutes 

[Miracal]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

It takes exactly 10 minutes on average, sometimes it can be much faster or slower.  That's Bitcoin 101 folks.

op even has no patience to wait about 10 minutes to get the transaction confirmed. I can know. OP is addictive to gambling. It is so dangerous. We should keep in mind that gambling is just for fun not for the slim chance of great fortunate. Otherwise we will end up losing everything.

[asuryan180]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

It takes exactly 10 minutes on average, sometimes it can be much faster or slower.  That's Bitcoin 101 folks.

op even has no patience to wait about 10 minutes to get the transaction confirmed. I can know. OP is addictive to gambling. It is so dangerous. We should keep in mind that gambling is just for fun not for the slim chance of great fortunate. Otherwise we will end up losing everything.

Op was just in a rush to lose his money of course he had no patience to wait for hole of 10-30mintues it is crazy you probably need to see someone about that.

We have to assume because he has not been back here to comment that he did lose his money so was really important to get that confirmation time as quick as possible 

No chance of a great fortune because people like that can't walk away.

Play a gambling site that accepts crap coins and play with them that will help you get fast confirmation and lose faster.... 

[jonald_fyookball]

I've never had to wait an hour to send a transaction. A lot of services accept a single confirmation, which usually takes 5 min. That's not a high price to pay for not writing your name and address all over the transfer.
And people are still using vultures like Paypal... 

That's not true at all, darling. It seems that every time I have an important transfer there's a 1 hour Bitcoin block! If yours 'usually takes 5 min' you are the exception and not the rule.

It takes exactly 10 minutes on average, sometimes it can be much faster or slower.  That's Bitcoin 101 folks.

Actually this is incorrect.

If the difficulty did not change at all in the retarget period, then you're correct. 10 minutes.

Historically the difficulty has always increased, therefore the average block time is less than 10 minutes.

I think we'll be waiting several years before 10 minutes is the average.

right, it's been slightly faster than 10 min, although if difficulty drops it would be slightly slower.

[nachoig]

This is ridiculous, credit and debit cards transactions takes much more time to confirmation and nobody cares (do you really think you'll get the money in your bank account at the same moment the POS terminal prints the paper?). Also, these transactions can be reverted days later, in some cases, months later. Good luck trying to revert a Bitcoin transaction after 1 or 2 hours.

So, what's the difference? Bitcoin is just much more transparent and honest about this possibility, so people starts to be more careful.

What can be done about accepting transactions with 0 confirmation in Bitcoin is using a green address scheme, which is a service where the merchant/exchange/casino/whatever trust in a third party service won't try to trick them.
http://bitcoin.stackexchange.com/questions/1730/what-are-green-addresses