Why bitcoin transactions are so slow and there is a huge risk of double spending

[Bitcoin For Dummies]

We just published our 4th video of the series "Bitcon For Dummies". In each episode we try to explain in just few minutes a common myth or misconception about Bitcoin.
 

• The first one "Finally a simple answer of what is Bitcoin!" - https://www.youtube.com/watch?v=cWYVktImeTk
• The second "Is Bitcoin a Ponzi?" - https://www.youtube.com/watch?v=kImBgWDgIlA
• The 3rd "Does Bitcoin have an intrinsic value?" - https://www.youtube.com/watch?v=2R3Zg1KL_KE
• And the 4th, just released "Why bitcoin transactions are so slow and why there is a huge risk of double spending?" - https://www.youtube.com/watch?v=HrvinzeAymg

Only the first 3 got over 73 000 views in the short time they are up.

So, if you know someone that was struggling to understand this one, just send him the video, we will do the rest
If you want to support the project and see more of those just share the video, that's enough!



Disclaimer: This project is supported by product placement of sites from the bitcoin ecosystem. Who gets to sponsor a video is decided by an auction that we hold in the Auction section of this forum.

[Tomatocage]

Transfers are nigh instantaneous. What is your definition of "slow"?

Edit: Nvm, just watched the video

[cr1776]

Transfers are nigh instantaneous. What is your definition of "slow"?

Edit: Nvm, just watched the video

Ditto.

I think the headline was for shock value.   

[Bitcoin For Dummies]

Yeah you got me, I wanted to try a different approach at getting more people to check the thread

[Malin Keshar]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

[Bitcoin For Dummies]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

I guess you didn't see the video too?

[newIndia]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

I guess you didn't see the video too?

When u make a thread with a misleading title ...people will tend to post on that title without getting into the post content. Please consider changing your title so that people understand u r trying to promote a video.

[Bitcoin For Dummies]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

I guess you didn't see the video too?

When u make a thread with a misleading title ...people will tend to post on that title without getting into the post content. Please consider changing your title so that people understand u r trying to promote a video.

Or people should consider to read the actual post before posting?

[Nerazzura]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

yes, but when we make a deposit from one address to another address faucet websites. takes a little longer than usual. the number of bits that must be confirmed

[Bitcoin For Dummies]

Please guys give your bright ideas for the next video here:
https://bitcointalk.org/index.php?topic=680627.0

[cr1776]

bitcoins transactions may be instant, like most casinos does. Just have a system to revert any double-spend, and only allow withdraw/deliver after enough number of confirmations

I guess you didn't see the video too?

When u make a thread with a misleading title ...people will tend to post on that title without getting into the post content. Please consider changing your title so that people understand u r trying to promote a video.

Or people should consider to read the actual post before posting?

It seems like he did read the post - just not watch the video.

Click-bait or misleading titles should be so labeled.