0-conf isn't particularly appealing to new users from a marketing perspective. We should come up with a new phrase that encapsulates "near instant transactions at minimal cost" to attract new users. Reply with ideas.
I think the best term to use in this case is "instant payment(s)" or "instantly available"
Drop the words, symbols a big green tick or thumbs up... payment has been made.
Words that have been thrown around
Payment/transaction received/confirmed
How about "works just like paying in cash"
insta-payment = 0-conf
Insta-payments are irreversibly settled in the blockchain in 10 minutes (average). Receivers of large-value payments may want to wait for the settlement.
Instapay
*InstaPAID*
InstaPay: An instant payment that settles in the blockchain in 10 minutes on average. (Receivers of large sums can wait for settlement to remove any theoretical risk of fraud)
and I'm thinking for on the app, acknowledgement when transaction's confirm with a stamp "you've been instaPAID"
I like that idea, I'm going to call it that when I pitch to businesses to accept BCH. :)
Receivers of large sums can wait for securePAID
But we don't want people to think that InstaPaid is not secure though.... it is safe enough for normal payments
How about BlockPaid - a payment that is settled in the blockchain
PASSpaid
THUMBSUPpaid
TRUEpaid
AFFIRMpaid
aFIRMpaid
YESpaid
VOUCHpaid
AUTHpaid
CHECKpaid
PROOFofPaid
EQUALSpaid (I like this one)
SIGNOFFpaid
First thought is the verb to "block"
OKAYpaid?
instaPROVEN
instaPROOF
SettlePaid
instaSettled
sounds like a painkiller :)
I thought that for block inclusion it should be something that implies permanence, like "Burned" or "Etched". Or maybe just "Ledgered" for in block vs "Authenticated" for mempool.
InstaPay: An instant and safe payment method for your everyday business.
Recipients of large sums (when you buy a lambo) may require settlement (10 minutes on average).
The 10 minute settlement is in contrast to days/weeks for permanent settling of a traditional credit card payment.
In banking terms it would be called and "Advance Payment" meaning you are credited before the funds clear.
Just call 0-conf transactions "transactions"
and confirmed transactions "confirmed transactions".
drop the "near" ... just "instant" [jt voice social network]
maybe wallets could change "unconfirmed" to "Declared". instead of unconfirmed>confirmed, we could have Declared>confirmed(1 conf)>finalized(3-6 conf)
Also in Africa, many countries have problem getting Local-Currency to USD.
Having BCH which they can spend anywhere online "Not necessary abroad" is a VERY Big deal.
these are technical details, ppl who are new to Crypto dont care about these details.
most appealing thing to ppl when i tell them about BitcoinCash is that no one can stop the tx
BCH offers "Advance Payments". That are instantly accepted
I think, we could just call it "Verified". When it gets into a block, it could be called "Complete" or "Settled".
Momentary or split-second transactions.
