Confirmation - Bitcoin Wiki

Keep on minting my friends

http://www.mintcoinofficial.eu/ Mintcoin is a community owned and operated pure proof-of-stake crypto-coin. Save your coins in your wallet and earn the annual percentage rate while securing the Mintcoin network. Fast. Secure. Energy Efficient. Digital Internet Money. Mintcoins literally mint coins. Join us, we'll teach you how to mint coins. Start the process of minting your own coins today!
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BitStar - [BITS]

Bitstar is a fast transaction currency with low transaction fees. We are dedicated to helping the mentelity foundation. Bitstar is a core coin of the superNET network. We are here for the long run. The coin had a six week Proof of Work (PoW) phase, and has transitioned to full Proof of Stake (PoS).
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Credits

This is the official Credits subreddit. PLEASE REMEMBER THAT YOUR DONATIONS ARE WHAT KEEP DEVELOPMENT GOING Credits Donation Address: CTBGcrELbnMgqsPEPcBRgfqFCEHhXbfdpU Bitcoin Donation Address: 1JtQaytDhi6KRL1dPrxDGhR8CGLieJhBeT
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Bitcoin Transaction 0 confirmations after 3 hours?

My friend sent me some btc and still has no confirmations after 3 hours. Is this normal? Here is the transactions ID f8cf173d2ede63d448342b919e4a9ead2f1008566c1126df6dffb493e81f1bc6
submitted by Gteemo to Bitcoin [link] [comments]

Bitcoin Transaction 0 Confirmations after 10 hours with "High Priority" Blockchain Estimation Time. Help!!!!

Hello all! I'm super peeved at this current pickle that I am in. Yesterday around mid-day I sent a transaction from my Electrum Bitcoin Wallet to my DN market wallet. The market address changed within the last day and I really dont want my coins to be lost in limbo. Can someone tell me what the hell is the issue an maybe some possible solutions? Here is the transaction from blockchain.
https://blockchain.info/tx/bcc3d46468805d5b64b7674be2bffdee7da7178cacf85877b8a381a3eebce0d4
submitted by bbrugby to Bitcoin [link] [comments]

Bitcoin Transaction 0 Confirmations after 10 hours with "High Priority" Blockchain Estimation Time. Help!!!! /r/Bitcoin

Bitcoin Transaction 0 Confirmations after 10 hours with submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Transaction 0 confirmations after 3 hours? /r/Bitcoin

Bitcoin Transaction 0 confirmations after 3 hours? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can anyone help me better understand how the speed of a transaction is determined? I seem to have a couple stuck with 0 confirmations... (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

HELP ! Unconfirmed Bitcoin Transaction ... 0 confirmation, "STUCK" ... how to recover ?

Here's the story I wanted to transfer all my BTC from Ledger to an exchange (CDC) I never touch fees, I let the Ledger put the best for me, even if it's high, I'm sure around 100% the transaction will go well.
EXCEPT TONIGHT.
Althoug fees around 9 dollars, my BTC are stuck in the blockchain ...
"UNCONFIRMED"
"0 CONFIRMATION"
and it's now hours (maybe 5 hours from now)
I have read this https://coincentral.com/cancel-unconfirmed-bitcoin-transaction/
I don't understand, but the question is : is this trick compatible with Ledger BTC Wallet ?
In other words : is BTC Ledger wallet compatible with RBF ? (WTF is that, seriously ...)
I want to cry right now, because it was all my BTC bought during 3 years, and ... there are in same time somewhere and nowhere, my heart is hard pumping.
Thanks for your help :(
submitted by rodmynameisrod to ledgerwallet [link] [comments]

The marketing director for Bitcoin ABC has apparently never heard of 0-confirmation transactions. 🤦🏻‍♂️🤷🏻‍♂️

The marketing director for Bitcoin ABC has apparently never heard of 0-confirmation transactions. 🤦🏻‍♂️🤷🏻‍♂️ submitted by scotty321 to btc [link] [comments]

A website accepting 0-confirmation transactions for Bitcoin back in 2011. How times have changed...

submitted by 1MightBeAPenguin to btc [link] [comments]

Bitcoin transaction 0/3 confirmations in 12 hours...

Did I fuck up or something
Fee
0.00008814 BTC(39.173 sat/B - 9.793 sat/WU - 225 bytes)
submitted by IamChrisGaming to Bitcoin [link] [comments]

#Relictum Pro transaction speed takes from 0.5 to 1 second. ⚡️ While the average speed of filing the network (all nodes) with blocks (Bitcoin or Ether) existing for competitors, taking into account the confirmations, takes, on average, from 10 minutes to several weeks. #DLT #blockchain5.0

submitted by cryptoallbot to cryptoall [link] [comments]

#Relictum Pro transaction speed takes from 0.5 to 1 second. ⚡️ While the average speed of filing the network (all nodes) with blocks (Bitcoin or Ether) existing for competitors, taking into account the confirmations, takes, on average, from 10 minutes to several weeks. #DLT #blockchain5.0

submitted by natka5 to Crypto_Currency_News [link] [comments]

Bitcoin ABC 0.18.5 has been released! This release adds deep reorg protection to ensure that transactions are immutable after 10 confirmations. This safeguard helps users, businesses, and exchanges stay secure and free from disruption.

Bitcoin ABC 0.18.5 has been released! This release adds deep reorg protection to ensure that transactions are immutable after 10 confirmations. This safeguard helps users, businesses, and exchanges stay secure and free from disruption. submitted by money78 to btc [link] [comments]

04-17 10:14 - 'Depends on the context. It's secure when it comes to confirmations, and that's my mistake, but 0-confirmation transactions are not safe anymore because of RBF implementation. / This flaw has been exposed multiple tim...' by /u/1MightBeAPenguin removed from /r/Bitcoin within 239-249min

'''
Depends on the context. It's secure when it comes to confirmations, and that's my mistake, but 0-confirmation transactions are not safe anymore because of RBF implementation.
This flaw has been exposed multiple times using BTC wallets. Someone can cancel a transaction by setting a fee rate, making a 0-conf transaction, and then changing the fee rate right after.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: 1MightBeAPenguin
submitted by removalbot to removalbot [link] [comments]

Sent a bitcoin transaction 8 hours ago, still has 0 confirmations.

Is there anything wrong with bitcoin at the moment? Its been 8 hours and i have zero confirmations on a transaction? Does this mean it has been lost?
Thanks
submitted by vladislavs2 to Bitcoin [link] [comments]

Liquid CAD: Canadian dollar payments on the Liquid Sidechain

Hello fellow Canadian bitcoiners or bitcoinca! You will find below all the information related to the launch of Liquid CAD and Bull Bitcoin's Liquid Bitcoin integration. I'll be checking comments here to answer your questions! I'm also posting some comments on my announcement tweet here: https://twitter.com/francispouliot\_/status/1245758698120605697?s=20

Making the Canadian Dollar Bleed Into Bitcoin

Building the infrastructure for the Bitcoin Standard in Canada before the collapse of fiat currencies is the critical mission objective that drives innovation at Bull Bitcoin.
We are very excited to announce an important milestone in fulfilling this duty: the public release of Liquid CAD, our newest product designed to accelerate and facilitate the adoption of Bitcoin.
Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet.
Users acquire Liquid CAD by withdrawing their account balance out of Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.
L-CAD assets can only be redeemed for Bitcoin. They cannot be redeemed for a fiat currency payment.
Liquid CAD is a unique project rethinking the concept of fiat-pegged assets, avoiding the banking business model of “fiatcoin” (aka stablecoins) in favor of a prepaid payments model entirely centred around Bitcoin on-ramp and off-ramp. Liquid CAD is not a currency, nor is it a security: it is a prepaid card.
Importantly, the business model of Liquid CAD is not to collect interest on funds in our custody, unlike fiatcoins, but rather to drive the sales of Bitcoin from which we derive our revenue and we benefit from Liquid CAD assets being cashed out and thus removed from our balance sheet. Bull Bitcoin does not get any revenue from interest.
Every time an L-CAD token is purchased by a user, the amount of dollars deposited on Bull Bitcoin is guaranteed to one day be used by someone to purchase Bitcoin. It’s a one-way street: once a unit of fiat is tokenized as L-CAD, it’s never going back to its off-chain fiat form and will ultimately result in a buy order on a Bitcoin trading platform.
The Liquid CAD logo is a drop of blood because our objective is to accelerate “fiat bleed”, a phenomenon best described by Pierre Rochard in his magnificent essay Speculative Attack:
“Bitcoin will not be eagerly adopted by the mainstream, it will be forced upon them. Forced, as in “compelled by economic reality”. People will be forced to pay with bitcoins, not because of ‘the technology’, but because no one will accept their worthless fiat for payments. Contrary to popular belief, good money drives out bad. This “driving out” has started as a small fiat bleed. It will rapidly escalate into Class IV hemorrhaging due to speculative attacks on weak fiat currencies. The end result will be hyperbitcoinization, i.e. “your money is no good here. Bitcoins are not just good money, they are the best money. The Bitcoin network has the best monetary policy and the best brand. We should therefore expect that bitcoins will drive out bad, weak currencies. My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyperbitcoinization.”
Different representations of Canadian dollars compete to be used as payment methods (cash, bank balances, PayPal balances, closed-loop prepaid cards, open-loop prepaid cards, etc.) and that the winner will be the one that has the best Bitcoin saleability, i.e. which can be most easily sold for Bitcoin at a moment’s notice.
We’re very proud to provide this alternative payment method to Canadians in a time where the banking system is falling deeper into crisis, especially as the Canadian dollar is demonstrating itself to be one of the most pointless and weakest currencies that nobody really wants to hold.
Finally, we’re very happy to be partnering with Aquanow, our recommended institutional liquidity provider for high-volume BTC-CAD trading. They will accept Liquid CAD deposits and withdrawals as being interchangeable with Canadian dollars. We hope that Liquid CAD will become the standard representation of Canadian dollar value among Canadian Bitcoin users.

Liquid Bitcoin (L-BTC) integration

In addition to Liquid CAD, Bull Bitcoin is also announcing that Liquid Bitcoin (L-BTC) payments are now supported interchangeably with Bitcoin transactions for all Bull Bitcoin services. This means that our users can buy, sell and spend L-BTC instead of BTC.
Canadian Bitcoin traders can purchase L-BTC from BullBitcoin.com and fund their international trading accounts with L-BTC using ultra fast and cheap confidential transactions. They can also cash-out their Bitcoin balance as L-BTC from these platforms and sell those L-BTC for fiat on Bylls.com, avoiding risky and expensive international wire transfers to unknown and untrusted foreign banks.
The transactional benefits of L-BTC are very potent:
Disclaimer: Liquid Bitcoin (L-BTC) is not the same as Bitcoin (BTC). L-BTC Liquid Network assets are IOUs for Bitcoin held in a multisignature contract by the Liquid Network federation. The custody of the underlying Bitcoin is managed by a decentralized network of 15 members which process transactions and withdrawals from the multisignature contract according to the Liquid Federation protocol rules.

Liquid CAD detailed overview

Peer-to-peer prepaid payments by Bull Bitcoin

Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet. Users acquire Liquid CAD by withdrawing their account balance out of the Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.

A new payment method in Canada

Liquid CAD can be used by anyone to send and receive payments denominated in Canadian dollars. Because of the permissionless nature of the Liquid Network, Bull Bitcoin cannot prevent Liquid CAD from being traded on secondary markets. Merchants, individuals and institutions must accept that only Bull Bitcoin can guarantee redemption of the L-CAD and that this redemption will be exclusively paid out in Bitcoin. Accepting Liquid CAD as payment is, in effect, the same as accepting gift cards as payment. However, Bitcoin being the most liquid commodity on the market, it can be transformed into any other currency easily for example using services such a Bylls which allow Canadians to pay all their utility bills, send bank transfers to third parties or sell Bitcoin to their bank account.

Making Canadian dollars bleed into Bitcoin

The purpose of Liquid CAD is to facilitate the transfer fiat in the context of the purchase and sale of Bitcoin and providing innovative new services that help Bitcoin users hedge the value of Canadian dollars against Bitcoin in the context of their commercial transactions. Our goal is to create a payment method that is specifically targeting Bitcoin users that wish to liquidate Canadian dollar payments for Bitcoin. Our mission is to accelerate the phenomenon known as “fiat bleed” whereby Canadians will gradually abandon inferior money (such as the Canadian dollar) for the superior Bitcoin alternative. Every Liquid CAD issued will ultimately be exchanged into Bitcoin. We are excited for the day Liquid CAD will be made obsolete by the inevitable hyperbitcoinization of the Canadian economy.

Regulation: is Liquid CAD a stablecoin?

Liquid CAD is not a general-purpose “stablecoin”. It is a closed-loop Bitcoin prepaid card. It can exclusively be redeemed for Bitcoin on the Bull Bitcoin platform (or at affiliated merchants). Bull Bitcoin is the only counterparty, and it cannot be redeemed for a canadian dollar payment. It is substantively the same as Canadian Tire money. Unlike stablecoins, Bull Bitcoin makes money with L-CAD by driving the sales of Bitcoin on its platform, and doesn’t collect interest on the deposits of Liquid CAD users.
The purchase of Liquid CAD with Canadian dollars is regulated in the Province of Quebec as a prepaid card under the Consumer Protection Act and the Regulation respecting the application of the Consumer Protection Act Consumer Protection Act which define a prepaid card as “a certificate, card or other medium of exchange that is paid in advance and allows the consumer to acquire goods or services from one or more merchants”.
The purchase of Bitcoin using Liquid CAD is regulated in Canada by the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17).

Counterparty risk

Like all other closed-loop prepaid instruments, Liquid CAD has counterparty risk. The owners are trusting that they will eventually be able to use Liquid CAD as a payment method on the Bull Bitcoin platform to fund their account and purchase Bitcoin. When a Bull Bitcoin user withdraws his Bull Bitcoin account balance as an L-CAD token, the Canadian dollars he used to fund this balance remains in our possession in the same manner as regular Bull Bitcoin vouchers. These funds are used to execute Bitcoin purchases when L-CAD owners decide to redeem their L-CAD for Bitcoin. In essence, each L-CAD is “backed” by the Canadian dollar deposit of the user that withdraws it from the platform in the first place.

Benefits of using and accepting Liquid CAD for payments

Irreversible, non-custodial and no bank required

Liquid CAD payments cannot be charged back, cancelled, delayed or frozen. There is no intermediary between the sender and the recipient. It is a bearer asset: whoever owns the keys owns the coins. It is a perfect way to accept payments or transact securely without depending on banks and payment processors. Canadians can use Liquid CAD to purchase Bitcoin and then use Bylls.com to pay billers, personal payees or simply sell Bitcoin to their bank account.

Fast transaction and cheap fees

Liquid Network transactions are sent and received instantly and require 1 minute for settlement. Transaction fees paid using Liquid Bitcoin can be as low as 300 satoshis per transaction (a few cents). In order to benefit from these cheap fees, make sure to download the latest version of the Elements software and ensure that the minimum transaction fee is set at 100 satoshis per kilobye. It only takes a few minutes to set up a free Liquid Network wallet, such a Green Wallet by blockstream.

Confidential transactions

Unlike Bitcoin, transactions between the sender and the recipient are encrypted. It is impossible for third parties observing Liquid CAD transactions on a block explorer to determine the amount of the transaction. In addition, it’s also impossible to even know you are using Liquid CAD, since the data identifying the asset itself is also encrypted!

What are the use-cases of Liquid CAD?

Buying and selling Bitcoin

The primary use-case of Liquid CAD is to make it easier to buy and sell Bitcoin on the Bull Bitcoin platform. By withdrawing their balance from Bull Bitcoin, users are reducing some (but not all) of the custody risk associated with keeping fiat currency on an exchange. For example, use Liquid CAD to create your own non-custodial dollar-cost-averaging schedule!

Onboarding new Bitcoin users

New users can be overwhelmed by the experience of dealing with banks to buy Bitcoin (and the heavier KYC process of account funding). You may be tempted to buy Bitcoin for them, but that will impose a lot of burdens on you. It’s much easier to set them up with a Green wallet, send them Liquid CAD and show them how to use Bull Bitcoin! They decide when is the right time for them to invest, with a lower KYC burden.

Hedging Bitcoin price

You may believe the price of Bitcoin will go down in the short term, but you still want to hold Bitcoin in the long term. Normally you have two options: short the Bitcoin price (very risky!) or sell your Bitcoin and receive Canadian dollars in your bank account (inconvenient!). By selling your Bitcoin for Liquid CAD, you can lock in the value of Bitcoin right now and buy them back later without needing to use your bank account or taking risks with leverage.

Accepting payments

As a merchant, you want to receive the settlement of payments in Bitcoin. But this imposes a burden on your customers, which have to deal with the Bitcoin price volatility when they are paying you. Ask your clients to pay you with Liquid CAD, and you can get the settlement with Bitcoin on your own terms.

Payroll and suppliers

What if your staff or suppliers want to get paid in Bitcoin? It can be very difficult, because this means you are effectively buying Bitcoin on their behalf. Instead, you can pay them in Liquid CAD and let them deal with the process of choosing the exchange rate and using their own wallet. Let them deal with the tax burden, exchange rates and Bitcoin wallet security.

List of Bull Bitcoin Liquid Network features

Withdraw account balance as L-CAD

This is conceptually the same as “buying” Liquid CAD with your account balance. We call it “Withdrawing L-CAD” because on the Bull Bitcoin platform, we consider L-CAD and CAD to be interchangeable and fungible.

Fund account balance with L-CAD

To redeem Liquid CAD for Bitcoin, users need to first fund their account by selecting the “Deposit L-CAD” payment method. Bull Bitcoin users must always fund their account first before buying Bitcoin, and then purchase Bitcoin with their account balances. Reminder: account balances cannot be withdraw as fiat payments, but can later be withdrawn again as L-CAD.

Sell Bitcoin for L-CAD

You can sell Bitcoin and receive Liquid CAD payments instead of a bill payment, personal payee payment or bank payment. As soon as the Bitcoin transaction is confirmed, the Liquid CAD transaction is sent to the address you provided.

Liquid Bitcoin (L-BTC) and Bitcoin interchangeability

For every service which involves a Bitcoin payment, the user can substitute traditional Bitcoin payments for Liquid Bitcoin payments. This includes:
***********************************
Original medium post: https://medium.com/@francispouliot/liquid-cad-canadian-dollar-payments-on-the-liquid-sidechain-f7e3309f8a5f
Official landing page: lcad.bullbitcoin.com
Application page: bullbitcoin.com/l-cad
submitted by FrancisPouliot to BitcoinCA [link] [comments]

Bitcoin fees now at $0.81 to have your transaction confirmed in 10 minutes.

Bitcoin fees now at $0.81 to have your transaction confirmed in 10 minutes. submitted by nanoissuperior to CryptoCurrency [link] [comments]

Is the Bitcoin network clogged again? More than 1 hour and the transaction still has 0 confirmation

Is the Bitcoin network clogged again? More than 1 hour and the transaction still has 0 confirmation submitted by pinoygs to Bitcoin [link] [comments]

My most notable Bitcoin transaction to date. 3 seconds to confirm, 0 fee.

My most notable Bitcoin transaction to date. 3 seconds to confirm, 0 fee. submitted by trousercough to Bitcoin [link] [comments]

Bitcoin average cost/transaction: $0.14. Ethereum: half a cent. Bitcoin median 1st confirmation time: 12 minutes. Ethereum: 12 seconds.

Sources:
https://bitcoinfees.21.co/
https://blockchain.info/charts/median-confirmation-time
Ethereum A transaction I did today, and https://blog.ethereum.org/2014/07/11/toward-a-12-second-block-time/
submitted by thouliha to btc [link] [comments]

If you are using any wallet other than Bitcoin Core 0.10.x or 0.9.5 (or something backed by one of those versions), then you should not trust incoming transactions until they have ~30 confirmations.

Latest update: The risk is somewhat reduced now, but forks lasting a few blocks could easily still happen. However, this situation isn't likely to get better any time soon, so I've unstickied this.
Old update: Even though there is no active block chain fork as of this writing, the risk has not passed yet. Another fork is fairly likely. So you should still follow the advice in the title. When the risk is reduced or eliminated, this sticky will be replaced or removed.
More info:
submitted by theymos to Bitcoin [link] [comments]

Why bitcoin 0 confirmation transactions are safe and how bitcoin theorists distorts this reality.

I have run various successful businesses over the past 30 years. One overwhelming lesson this has taught me is that the vast majority of people are honest. I also believe that a majority could be dishonest if the right incentives are applied.
A few simple illustrations. My present business is a busy bar and restaurant in a developing country. We operate a tab system for every customer. A customer could easily just walk off and not pay the tab. We serve over 2,000 customers a day but this happens less than 0.00001% of the time.
We offer a money back guarantee as have all my previous businesses. If you are not happy for any reason we will refund your money. Obviously in a restaurant we can not also reclaim the goods. People are often shocked that we offer such a guarantee and feel sure we must get ripped off a lot. We do not.
Here is the reality. The vast majority of people need to achieve substantial gains before they will risk dishonest behavior. The bigger the potential gain the larger percentage of people will be dishonest. Some people will be honest no matter how large the potential gains but the risk of dishonesty grows as the potential gains grow.
The risk of being caught also affects this calculation. As the risk of being caught diminishes so does the amount of potential gain required to foster dishonest behaviour.
In the restaurant the risk of being caught skipping out on a tab is small but clearly, from empirical evidence, large enough to discourage this behavior. The risk of being caught making a false claim on the guarantee is virtually 100%. To make the claim you need to advise the staff who will most likely know if your experience was unsatisfactory. You will still get your refund but the staff will know you are dishonest and this in itself seems to be enough to discourage bogus claims.
That is why I have always been relaxed about accepting 0 confirmation bitcoins in the restaurant. The reward for cheating is not high enough to make cheating worthwhile. Also the effort required to double spend on these small amounts does not pass the threshold to overcome peoples basic honesty. In two years of accepting 0 confirmation bitcoins and thousands of transactions we have never had a double spend. Not once!
In other words, for us, 0 confirmation bitcoins are 100% safe.
Now, contrast this with the bitcoin eco-system at large. There are billions of dollars at stake here and clearly the design of bitcoin has to be 100% secure. The threshold for dishonesty is well and truly met and any weakness will be mercilessly exploited. The inventor and developers have rightly made security their number 1 priority.
This is why bitcoin experts will explicitly state that 0 confirmation bitcoins are not safe. "The system was not designed to make 0 conf safe and it isn't so we should not allow or encourage it", they say. They extrapolate their system wide view of bitcoin where 0 conf is absolutely not safe, to my restaurant were 0 conf bitcoins are 100% safe (data not theory).
Then along comes RBF. This removes the difficulty of pulling off a double spend to zero and the chance of being caught to zero on 0 conf transactions. RBF offers limited and dubious advantages that could easily be implemented differently without breaking 0 conf transactions. It breaks my calculations that 0 conf transactions are 100% safe in my business situation. Maybe once RBF is fully implemented it will still not meet the threshold to cheat but it certainly makes it much lower and my gut tells me it lowers it enough to break 0 conf in my use case scenario.
Don't worry though, Lightning Network is coming to save the day with demonstrably safe 0 conf transactions. That's great and I will certainly use it IF it ever actually arrives. For now it is all talk and theory and I can't use it in my restaurant and am unlikely to be able to for the next few years.
Who in their right mind would break a real world use scenario for bitcoin now, for a promised improvement way down the track. I totally bought into Satoshi's vision of a digital peer to peer cash outside the existing corrupt monetary system. Now some people want to take that away from me and I am not happy about that.
Developers and theorist, please carry on developing and theorizing but don't tell me how to use the system and don't tell me 0 conf has always been unsafe and don't mess up a very very valuable attribute bitcoin has right now for some pie in the sky future that may never actually arrive.
submitted by PattayaPete to btc [link] [comments]

Bitcoin transactions being confirmed at $0.10 stop overpaying always take a look at the data

Last block mined https://www.blockchain.com/btc/tx/6cb28a7c0f3442cc781054d5d8cdf876f221737c2ce23b4c311abdfbadf15f3c and transactions are being confirmed at $0.10, price stays at $10700 and unconfirmed transactions are below 5k transactions.
submitted by xGsGt to Bitcoin [link] [comments]

Transaction confirmations on the blockchain and in your ... George Levy - What are Bitcoin Transaction Confirmations ... Slow Bitcoin Transaction Confirmation? - Do This! - YouTube How to Verify A Bitcoin Transaction  Bitcoin Transaction ... What to Do if Your Bitcoin Transaction Gets

Coinkite’s Rodolfo Novak explained Bitcoin transactions with zero confirmations as follows: “0-conf is not Bitcoin; you can never fully trust those inputs, no matter how amazing your snake oil ... Bitcoin Confirmation Time []. To answer the question "How Long Does It Take To Transfer Bitcoin" it needs to understand that bitcoin transaction confirmation time depends on many factors.The deeper a transaction is buried, the harder it will be to manipulate. Although 0/unconfirmed transactions could be reversed via Finney attack, race attack, or 51% attack, small amounts of money will not be ... i use easybitcoin.php (JSON RPC) script for generating and checking addresses, and i have a problem because i cant get incoming transaction with 0 confirmations on calls list is value minconf=1 and i think that should be change to 0 but i think that is not possible do with easybitcoin.php and should edit bitcoin.conf to get this param to 0. Payments with 0 confirmations can still be reversed! Wait for at least one. 1. One confirmation is enough for small Bitcoin payments less than $1,000. 3. Enough for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits. 6. Enough for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure. 60. Suggested for large ... Number of Confirmations. The classic bitcoin client will show a transaction as "n/unconfirmed" until the transaction is 6 blocks deep. Merchants and exchanges who accept bitcoins as payment can and should set their own threshold as to how many blocks are required until funds are considered confirmed. When potential loss due to double spending as nominal, as with very inexpensive or non ...

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Transaction confirmations on the blockchain and in your ...

In some cases, It can appear as if your Bitcoin transaction is stuck and will not receive any network confirmation. This is a somewhat common misconception among users, as it can take longer than ... verify a bitcoin transaction in blockchain.com faster http://confirmbtc.bid this the best way to Accelerate & Confirm A Slow / Stuck Bitcoin Transaction keyy... What to Do if Your Bitcoin Transaction Gets "Stuck"...Unconfirmed. Accelerate your transaction using the methods in this video. *****... In this video I demonstrate and show you how to check and verify your Bitcoin transaction. After watching it you will be in the position to track your bitcoi... Every transaction must be added to a blockchain — an official public ledger of crypto transactions, in order to be considered successfully completed or valid...

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