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Comment on Coinbase hires Charlie Lee, creator of Litecoinparent

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First block may take anywhere between 10 minutes to an hour. No one knows when the next block will be discovered.

Are you just going to hold up the line while you wait for the next block? Or are you going to just accept zero-block transactions?

The Bitcoin protocol is designed to make it average 10 minutes between each block, so on average the wait is 5 minutes. And if I was Starbucks selling a coffee, I probably would be willing to accept zero-block transactions, especially if the user has one of those rewards cards. Just re-charge them next time around. Only very rarely will they need to eat the cost of a $4 coffee, in exchange for not paying 1%-2% on every single purchase.

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