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Title: [2016-03-03] Bitcoin’s Nightmare Scenario Has Come to Pass Post by: Denker on March 03, 2016, 03:57:13 PM http://recode.net/2016/03/02/bitcoins-nightmare-scenario-has-come-to-pass/ (http://recode.net/2016/03/02/bitcoins-nightmare-scenario-has-come-to-pass/)
Quote Over the last year and a half a number of prominent voices in the bitcoin community have been warning that the system needed to make fundamental changes to its core software code to avoid being overwhelmed by the continued growth of bitcoin transactions. There was strong disagreement within the community, however, about how to solve this problem, or if the problem would ever materialize. This week the dire predictions came to pass, as the network reached its capacity, causing transactions around the world to be massively delayed, and in some cases to fail completely. The average time to confirm a transaction has ballooned from 10 minutes to 43 minutes. Users are left confused and shops that once accepted bitcoin are dropping out. http://www.theverge.com/2016/3/2/11146584/bitcoin-core-classic-debate-transaction-limit-crisis (http://www.theverge.com/2016/3/2/11146584/bitcoin-core-classic-debate-transaction-limit-crisis) Interesting to see how negative people at r/technology see Bitcoin.Kind of surprising to me to be honest. This subreddit has over 5 million readers. And this has nothing to do with Classic by the way.This doesn't matter for them. https://np.reddit.com/r/technology/comments/48rac0/bitcoins_nightmare_scenario_has_come_to_pass/?limit=500 (https://np.reddit.com/r/technology/comments/48rac0/bitcoins_nightmare_scenario_has_come_to_pass/?limit=500) Title: Re: [2016-03-03] Bitcoin’s Nightmare Scenario Has Come to Pass Post by: LiteCoinGuy on March 03, 2016, 05:03:42 PM the truth is:
most people (even in tech) have no idea what bitcoin is or how it works. just a few tech and finance people understand it. the truth is, that you have to understand a big set of related topics to understand bitcoin: -tech -finance -monetary history -networks -politics Title: Re: [2016-03-03] Bitcoin’s Nightmare Scenario Has Come to Pass Post by: btcbug on March 03, 2016, 07:07:37 PM the truth is: most people (even in tech) have no idea what bitcoin is or how it works. just a few tech and finance people understand it. the truth is, that you have to understand a big set of related topics to understand bitcoin: -tech -finance -monetary history -networks -politics Goddamn we're smart huh!? ;D Title: Re: [2016-03-03] Bitcoin’s Nightmare Scenario Has Come to Pass Post by: TraderTimm on March 03, 2016, 07:22:10 PM Yet another sensationalist headline from the yellow-journalism site Verge.
Here's a better read: https://medium.com/@tradertimm/the-verge-s-nightmare-scenario-has-come-to-pass-10554c533e47 (https://medium.com/@tradertimm/the-verge-s-nightmare-scenario-has-come-to-pass-10554c533e47) |