Re:Coinbase hires Charlie Lee, creator of Litecoin
by cgore on Wednesday July 31, 2013 @11:06AM
(#6134211)
The Bitcoin protocol is designed to make it average 10 minutes between each block, so on average the wait is 5 minutes. And if I was Starbucks selling a coffee, I probably would be willing to accept zero-block transactions, especially if the user has one of those rewards cards. Just re-charge them next time around. Only very rarely will they need to eat the cost of a $4 coffee, in exchange for not paying 1%-2% on every single purchase.
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