Re:Show HN: Instant confirmation via Bitcoin payment protocol
by BrokenPipe on Monday June 16, 2014 @04:30PM
(#7901309)
We don't provide instant confirmation but that does not mean you can't spend your funds without it.
The minimum is 1 day or 144 blocks, default to 90 days, max is max block size.
Re:Show HN: Instant confirmation via Bitcoin payment protocol
by mikemoka on Monday June 16, 2014 @06:43PM
(#7901901)
Hi Lawrence,
probably that is the right step toward solving the transaction speed,albeit by a slightly more centralized workaround,it reminds me of a comment I made almost a year from now:
https://news.ycombinator.com/item?id=6130813
great job ;)
Re:Show HN: Instant confirmation via Bitcoin payment protocol
by BrokenPipe on Tuesday June 17, 2014 @04:18AM
(#7903340)
cheers!
Also, does this mean that to verify a transaction can be considered instant, the merchant has to check with your servers and there is no way of verifying this independently? Isn't this a serious privacy problem?