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Author Topic: Blocks are still taking way too long.  (Read 5926 times)
Window2Wall
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October 20, 2014, 03:59:19 AM
 #121

Over 30 minutes for a single confirmation does not (and will not ever) work in the real world.
(Almost) Every time I start to believe that BTC is "going mainstream", I have a delay waiting for a 30+ minute block....  Shocked

Gavin should just fork Bitcoin and fix this problem. That's what Satoshi would have done by now.  Smiley
I guarantee this is not the case. Satoshi specifically said that a 10 minute block time was ideal because it reaches a balance between too short of block times (and having a lot of orphans) and having it take too long to have a TX get confirmed. He was fully aware that 10 minutes will only be an average and that it will sometimes take more then 10 minutes for a block to be found.

Gavin can not also just "fork" the protocol as he does not control what the miners accept. In order for the protocol to actually fork the miners must accept the fork or else no one will actually be using the new protocol
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October 20, 2014, 12:47:58 PM
 #122

Over 30 minutes for a single confirmation does not (and will not ever) work in the real world.
(Almost) Every time I start to believe that BTC is "going mainstream", I have a delay waiting for a 30+ minute block....  Shocked

Gavin should just fork Bitcoin and fix this problem. That's what Satoshi would have done by now.  Smiley
I guarantee this is not the case. Satoshi specifically said that a 10 minute block time was ideal because it reaches a balance between too short of block times (and having a lot of orphans) and having it take too long to have a TX get confirmed. He was fully aware that 10 minutes will only be an average and that it will sometimes take more then 10 minutes for a block to be found.

Gavin can not also just "fork" the protocol as he does not control what the miners accept. In order for the protocol to actually fork the miners must accept the fork or else no one will actually be using the new protocol

10 min is a good compromise. In the future, when the network rate is faster, it can be reduced.
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October 20, 2014, 12:50:52 PM
 #123

Over 30 minutes for a single confirmation does not (and will not ever) work in the real world.
(Almost) Every time I start to believe that BTC is "going mainstream", I have a delay waiting for a 30+ minute block....  Shocked

Gavin should just fork Bitcoin and fix this problem. That's what Satoshi would have done by now.  Smiley

I don't think so. Satoshi was the one who specified the 10 minute target per block.

Yes. The block target interval was suitable then. But let's face it, Bitcoin is a different beast now.  Smiley

It is still the same beast. Only older, very unstable and predictable.
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October 20, 2014, 12:59:30 PM
 #124

The app should tell how risky particular 0 confirmation transaction is. This is much better than the current safe approach - 6 confirmations recommended.
Bit_Happy (OP)
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October 20, 2014, 05:03:36 PM
 #125

Current time since last block = ~25 minutes which is 'only' 2.5 times the average of 10 minutes.
Simple fact: In some situations, 25+ minutes is WAY too long for a single confirmation.
If stating that 'simple fact' in public makes some people angry, that us too bad, since it is true.

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October 20, 2014, 05:52:33 PM
Last edit: October 20, 2014, 06:15:18 PM by Este Nuno
 #126

Current time since last block = ~25 minutes which is 'only' 2.5 times the average of 10 minutes.
Simple fact: In some situations, 25+ minutes is WAY too long for a single confirmation.
If stating that 'simple fact' in public makes some people angry, that us too bad, since it is true.

Which services are you using that are making you wait for confirmations? (Maybe you've mentioned it elsewhere, but this is a large thread.)

Just off the top of my head of services I've used recently that have needed confirmations: putting money on my mobile phone, paying my internet bill, localbitcoins.

Most of the time it seems any service that doesn't use coinbase or bitpay makes you wait in my experience.
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