I meant how long does a purchase take

for crypto coins?

about 15 min max for a transaction depending on what you are getting.

Bought $100 of lightcoin yesterday and it still hasn’t gone through

did you transfer it to your wallet?

It still says pending

did you sync your wallet?

if it says pending on the site you bought it on its their problem usually

I’m using Coinbase

>using coinbase

u fugged up

Fuck

How badly?

well if it does get into your wallet on coinbase be sure to transfer it to a hardware or offline wallet on your computer. never keep your coins on a website side server.

Ok

coinbase usually isnt that bad but ever since the IRS siezed information on it for transactions over 20k its fucked

I’ll have to look into it more

Will my transaction ever be done

its why we use localbitcoins or localmonero or any of the other local[insert coin here] sites

probably

one day

lol

It takes a while to receive crypto because you sent a USD transfer to them, which takes like 4 business days and can be reversed, which is a risk for them. They plan to send you crypto, which is instant and irreversible. So they’re not going to give you the “guaranteed” money until the “maybe” money you sent them settles out.

@ParadoxusX

Makes sense

https://learnbitcoin.cash/

@this_that5553 is BCH just Bitcoin with faster and cheaper transfers?

Yeah basically. The website explains it

I actually really like bitcoin cash and their phone wallet

pretty slick

@Tanner - SC The fuck is this? http://b2x-segwit.io/

@this_that5553 sounds like what bch did. though in this guy's version he divies up Satoshi Nakamoto's coins too

Yeah idk. If there’s gonna be forks left and right, sounds pretty bad for the future tbh

I have a feeling these at least one of these changes will be incorporated into Bitcoin core, it will solve the current transaction problems with bitcoin, and the alternative forks will fade into obscurity, but at least now they provide the competitive pressure to cause btc to innovate

Although because the forks keep the current block chains up until their fork, the controllers of btc are effectively in control of the forks too

I think the bitcoin core team will ultimately be pressured more by the general public's inability to use btc in everyday commerce rather than by any pressue from altcoins

I’m not concerned about the number of forks. There are 5,000 alt-coins and that’s fine, there can be 5,000 forks too.

I’m confident that BCH is the future. Segwit was originally created so as to slightly increase tx capacity without increasing block size. Now small blockers are learning the hard way that 1 MB doesn’t work.

So there’s some proposal to combine segwit and a smaller 4 MB blocksize increase. I wouldn’t back it. Segwit is needless complexity and most segwit supporters also support Replace By Fee, which allows reversible transactions which is a disaster. BCH is simple, honest, and scaling.

Bitcoin core is also bankrolled by Blockstream, so they might never change.

Excellent speech about how crypto can end wars:
https://youtu.be/joITmEr4SjY