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>transactions taking more and more time

Bitcoin blocks will always be ~10 minutes, if you pay the fee to get into the next block, it'll be 10 minutes until your payment is confirmed, before that, all the nodes will announce it anyway so 0 conf is much faster.




Although bitcoin aims to generate a block every 10 minutes, in practice it usually takes longer than that. As I'm writing this, the last block[0] took 30 minutes to mine (sometimes it spikes to hours though[1]). Most importantly, a transaction needs[2] to be confirmed 4-6 times[3] meaning it should be 4-6 blocks in the past, so you're looking at a 1-2 hour transaction time.

On top of that, if you want to pay less than a certain transaction fee[4] (right now it's $1.62[5]) you probably won't get into the next block, see https://bitcoinfees.github.io. Recall that 1 block = 20 minutes and add that on top of the confirmation time.

[0] https://blockchain.info/block/0000000000000000005f0e639f66af... look at the Timestamps of this block and the Previous Block

[1] https://blockchain.info/charts/avg-confirmation-time?timespa...

[2] https://youtu.be/bBC-nXj3Ng4?t=18m41s

[3] https://bitcoin.org/bitcoin.pdf page 8

[4] https://en.bitcoin.it/wiki/Transaction_fees

[5] https://bitcoinfees.21.co/ (a satoshi is 0.00000001 BTC, 10,000 satoshi is 40 cents right now)

https://www.gwern.net/Bitcoin-is-Worse-is-Better


It's impossible to know how much to pay to get into the next block. If there's 10 payments waiting to get into the next block and there's only space for 9, there's no way they are all going into the block, regardless of their fees.

Users don't want to play a complicated expensive, impossible to win game in order to get their payments processed in a known timeframe.




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