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mtgox (OP)
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July 18, 2010, 01:28:19 AM |
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If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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ArtemZ
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July 18, 2010, 01:32:23 AM |
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At least couple of confirmations. I think its more depends on how long are you gonna wait before you will completely accept payment. Because more confirmations takes more time
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mtp
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July 18, 2010, 03:29:33 AM |
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I believe as a service provider currently considering accepting BTC, 10 confirmations is a valid waiting period for payment acceptance for at least mid-level transactions of less than $50 however if accepting for larger transactions, I would recommend a 20 confirmation minimum.
For transactions less than $10 perhaps a 5 confirmation requirement would be more sane of course.
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coinspoolco
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February 25, 2014, 04:44:22 PM |
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And this is how MtGox started.
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JustAnotherSheep
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February 25, 2014, 06:37:27 PM |
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And this is how MtGox started.
lol  Posting for posterity! |
Is it a bull? Is it a bear? No, it's just another sheep.
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IIOII
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February 25, 2014, 07:24:21 PM |
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Posting in epic thread.
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BetWithCoins
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February 26, 2014, 12:49:53 AM |
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Haha, great find!
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Andrew717
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February 26, 2014, 01:15:32 AM |
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If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
Apparently you should've waited a few more. |
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cr1776
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February 26, 2014, 01:42:20 AM
Last edit: February 27, 2014, 09:28:18 PM by cr1776 |
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If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
Apparently you should've waited a few more. If MtGox is going to rely on the tx id alone, it seems the number of confirmations that is enough to accept the payment is infinite. :-) |
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soullyG
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February 26, 2014, 10:45:46 AM |
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TrailingComet
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February 26, 2014, 12:00:57 PM |
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1 is enough in my view
6 is a banker
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whatsthestory
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February 27, 2014, 07:40:30 AM |
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If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
A few confirmation is needed. If it will need more than a few well you shouldn't worry just wait a little. |
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DannyHamilton
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February 27, 2014, 10:29:01 PM |
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So many trolls in this thread. I think I'm going to use this thread as a way to decide who to mark "ignore". If they are giving advice here, they are either a troll or clueless. Either way I don't value anything else they have to say. Note: You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right?  |
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cr1776
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February 27, 2014, 10:37:55 PM |
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So many trolls in this thread. I think I'm going to use this thread as a way to decide who to mark "ignore". If they are giving advice here, they are either a troll or clueless. Either way I don't value anything else they have to say. Note: You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right? There were a lot of people missing the point. Hence my comment above. :-) |
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bitjoint
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Commander of the Hodl Legions
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February 28, 2014, 12:52:12 AM |
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If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
Hi, I come from the future to tell you that 0 weren't enough. You screwed up... |
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