You seem to have forgotten the most fundamental thing abot all this.
Nobody wants to wait 30 minutes to get their transactions confirmed buying their morning coffee in starbucks.
Even with btc sometimes confirmation hangs for more than a block even after paying transaction fees.
Everybody assume btc is gold, so 10 mintue wait is reasonable.
To wait 30 minute it has to be synonymous with diamond maybe
The team is glad you mentioned this because we have not forgotten about the fundamentals at all.
I am going to think in the shoes of any consumer currently in the crypto industry and for those who are joining in for the first time because of EdisonX3. Remember, we are bringing in our own communities into the industry. So I'll ask the question, and I'll answer it without being bias about my answers. This is just a simple opinion, not an official statement.
Q1) Do I want to wait 30 minutes for confirmation? Answer to Q1) No, who likes to wait to validate funds, no one.
Q2) Is it a good idea to have confirmations faster than usual if it protects me with security flaws/issues? Answer to Q2) Yes, if the solution presented solved the major problems faced by Bitcoin
Q3) Would I agree that speed is more important in any transaction? Answer to Q3) Yes, because you can validate a successful transfer (peace of mind)
Q4) The key question- Should I settle for faster speed (1-5 minutes confirmation) or would I prefer waiting longer for long-term stability and security? Answer to Q4) I wouldn't want to settle for anything, even if it meant it was faster. If there was a solution of a happy medium of security, stability, and speed.
I would like to take this concept on, and get the 'happy medium' strategy implemented on EdisonX3 (if we can keep this a 1,000 year old coin).
This is where we are asking you to contribute because EdisonX3 is still in development with some other features, and we can still implement a fast confirmation.
Remember, this will be a 1,000 year coin. So the reason behind the 30 minute block time was due to the long-term security and stability option.
However, if anyone has a suggestion to modify this coin in similar nature to the level of 1-5 minutes confirmation as well as protect its network against 51% attacks/DDOS/Malleability issues, then let's discuss a few options.
Again, we are completely transparent about this, and want the community to get involved as we progress in development. I can see how suggestions so far have a good tone of voice for the sake of improving EdisonX3 for its launch, so we all can benefit from this.
