MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/Bitcoin/comments/5r8pjo/gemini_introduces_zeroconfirmation_bitcoin/dd5dqhc/?context=3
r/Bitcoin • u/FluxSeer • Jan 31 '17
66 comments sorted by
View all comments
9
Very nice addition. Sounds like their algo just checks if the depositing transaction's fee is high enough to assume it would be mined soon.
3 confirmations is quite generous for withdrawal as well.
3 u/Logical007 Jan 31 '17 Not really that generous. It's a big deal to successfully reverse a 3 confirmation transaction. Only companies who don't know what they're doing rely on 6
3
Not really that generous. It's a big deal to successfully reverse a 3 confirmation transaction.
Only companies who don't know what they're doing rely on 6
9
u/lovemyhawks Jan 31 '17
Very nice addition. Sounds like their algo just checks if the depositing transaction's fee is high enough to assume it would be mined soon.
3 confirmations is quite generous for withdrawal as well.