If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

Re:If Bitcoin Looks Like It Isn’t Trading, It’s Because It I... by sevencolors on Monday December 09, 2019 @07:08PM (#21748187)

Tried to buy some on Coinbase the other day, said it would take 5 days to show up in my account. Doesn't inspire confidence in me.

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Re:If Bitcoin Looks Like It Isn’t Trading, It’s Because It I... by SRTP on Monday December 09, 2019 @08:26PM (#21748746)

That has nothing to do with the Bitcoin protocol, rather it's a "security" measure by Coinbase.

A typical Bitcoin transaction, even with minimum fees, confirms in under an hour.

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Re:If Bitcoin Looks Like It Isn’t Trading, It’s Because It I... by BurnGpuBurn on Tuesday December 10, 2019 @06:41AM (#21751577)

I know a Dutch bitcoin payment provider [0] whose transactions typically confirm within less than a second. In short: That's because the risk of a 51% attack on the network to steal my restaurant payment is in all practicality zero. So you don't even have to wait for a confirmation from the network, just the transaction showing up on the network is enough, given the transaction fee is reasonable.

[0] https://www.bitkassa.nl/

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Re:If Bitcoin Looks Like It Isn’t Trading, It’s Because It I... by neighbour on Monday December 09, 2019 @08:52PM (#21748878)

That's a Coinbase problem, not Bitcoin.

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