Hacker News Reader

> The verification that ensures you aren't the victim of double-spend fraud takes an average of 5 minutes..

One confirmation takes an average of 10 minutes.

Average time between blocks is 10 minutes. Your transaction will be in the middle between two blocks which results in a 5 minute average wait.

No. Mining is a Poisson process. The expected time to the next block is always 10 minutes, irregardless how much time has passed since the last.

You are correct! I was confused about this