News for hackers. Stuff that matters.

A comment on Bitcoin transaction processing takes up to 10 hours. Parent comment

Re:Bitcoin transaction processing takes up to 10 hours by gruez on Saturday March 05, 2016 @05:40PM (#11231434)
Exactly. The issue is that people are to accustomed to paying little to no fees, so nobody wants to pay a few cents more for faster confirmations.
[ Parent | on HN ]
Re:Bitcoin transaction processing takes up to 10 hours by Tideflat on Saturday March 05, 2016 @07:54PM (#11231923)
Having little or no fees was supposed to be one of the big advantages of bitcoin compared to traditional financial transactions.
[ Parent | on HN ]
Re:Bitcoin transaction processing takes up to 10 hours by lololomg on Sunday March 06, 2016 @12:46AM (#11232647)
Not true at all. I'm not sure where people get this idea but if you read Satoshi's original paper you'll see that this is just false.
[ Parent | on HN ]
Re:Bitcoin transaction processing takes up to 10 hours by haakon on Sunday March 06, 2016 @02:17PM (#11235071)
Unfortunately, this is how Bitcoin was promoted for a long time. "Free, instant transactions!" It always bugged me.
[ Parent | on HN ]
Re:Bitcoin transaction processing takes up to 10 hours by replies_to_all on Saturday March 05, 2016 @05:53PM (#11231489)
My transaction just cost nearly $1, so yeh, thats a lot of cents for some people, and the point is that it is an unnecessary constraint.
[ Parent | on HN ]