Bitcoin Forum

Is the Bitcoin Network running smoothly ?

I've been working on more complex ideas since last six and a half years; Yet I have not found the full solution to all the problems we were facing. But as we know now what we need to do in an emergency ? That is the main factor running the Bitcoin network smoothly. I have done an extensive exploration on various things, not only on the technical side but rather broader global economic and societal issues. Since the the Bitcoin has survived without my full supervision as long as some good and hard working developers have joined and have  done their best to bring the Bitcoin project to it's current condition. I am glad to see that every one is doing their part to maintain the Bitcoin Network for so many years. This is a great success for us as whole. Therefore what I can say is many many thanks to all of you. 

As of this moment bitcoin is running rough and not smoothly. This is due to the long confirmation of bitcoin transactions and the high mining fees that places burden to the consumers. We all hope that this issue may be solved faster and that may the miners can come up with a consensus sooner so they can adopt a system and increase the mining blocksize as soon as possible.

I'm not in a big hurry to do any further work on the network as long as many of you are doing great jobs for running the network system. There are more other things for me to do in order to accomplish the Bitcoin mission. Each person has a role to play and it is good to know how to play the role better as a community leader or lead developer. I have found a perfect solution to the double spending problem that is better than the exting one in the network broadcasting systyem. As many of you are thinking that small blocksize is a problem for more larger transactions so  what is better is to implement a new mechanism that will enaible virtually unlimted transaction called 'multi-bits transaction model.' It is a system where bandwidth is not a problem at all but it rquires the TPIP in put in the Blockchain system to open new fuctionality that will enaible the unlimited transaction over a new protocol added to the old.

So far bitcoin network has been running as it is designed... and no downtime (except for the 1 or 2 times when it first started)... I guess we can this "running smoothly"? I guess this is one of the main discussion point when we come to blocksize debate... status quo or increase size which may increase security risk...

I think bitcoin network is one of the most reliable networks. It is running smoothly and without bigger issues or interruptions which suggests that is very well designed and prepared. Security is also good covered so let's hope it will continue so in the future too. And blockchain system waits for it's commercial implementation also.

I suspect blockchain improved the network recently so they got rid of 100000 unconfirmed transactions the last week.
The improvement means highest fees for us...

As of now the bitcoin network is running good i can not say smoothly since the speed of transaction still not instant but as my experience you can receive confirm in few minutes if you are paying a good fee for every transaction depends in your transaction size..
And the advantage for now we have  a new service right now that you can speed up your transaction using viabtc txid accelerator unlike before that we dont have any tools like this.

You suspect wrong. Fees has dropped since yesterday, now 140 satoshis/byte means your tx is included in the next block. Stop spreading your suspicions, they are not based on either knowledge or facts.

Use facts. https://bitcoinfees.21.co/

90% of the unconfirmed transactions was a spam attack on the network, which did nothing but scaring people who only know how to look at mempool size without understanding what it means - everything ran just as smooth as ever, fees were 160 sat at peak which means 54 cents for a simple transaction (or less if you could wait more than 10 minutes).

@BitcoinOffice are you real satoshi nakamoto   :o

I am suspecting this not only due to tone and the way OP is talking his local time is exactly same as of user admin https://bitcointalk.org/index.php?action=profile;u=1 and satoshi https://bitcointalk.org/index.php?action=profile;u=3

Either OP is real satoshi or some guy have just created account with time zone matching to satoshi.   ::)

I can be completely wrong ;D

No, it's not, but people are working to improve it.  ;)

The governments and big corporations have found the Blockchain is a magical tool to be exploted for commercial gaining while the Bitcoin they think is a threat for banks. I will soon publish the full Bitcoin Deffintion Papers to the attention of the governments and those bankers paricullarly the central bankers. Bankers have nothing to be scared of Bitcoin. Bitcoin and Blockchain are insefarable and Bitcoin is a superior financial product and service system than any other existing financial service system or product. Blockchain is gaining popularity beside Bitcoin is quite interesting but I have discovered a new methods of running unlimited transactions globally with full security and transparency. There will be no confirmation problem at all, as the new protocol will have super computational features involvement for unlimited faster confirmation. It will deffinitely assist the Bitcooin to move forward to the next stage.

Bitcoin do not need supervision Satoshi.  ::) .....We have Blockstream behind the wheel and they think they have the solution to all our problems

with SegWit and The Lightning Network.  ::) .... Care to share with us, what your magic solution is to the scaling problem? I hope it is not another

BU type solution with short term remedies.  ::)

When some one or a group want to increase blocksize according to thier own logic for their own interest is not good for the Bitcoin Network, but there must be some other way that can help to solve any disputes arrising. Hard forking or soft forking is not necessary as long as the network is running smoothly. What is needed is a sollution to multiple unlimited transactions and instant confirmation. Security must be the main concern rather than increasing blocksize. For the miners ease and getting more benefit, it would be better to be able to pay for the miners an extra amounts of fees and avoid the conflict; But a conventional dispute has to be dealth with a conventional solution so it will not disturb the Bitcoin Network. It is good to drink half a glass of clean water than drinking a full glass of contaminated water. Therefore, we must find a better solution to all disputes. Just be patience. Search and you will find a better solution. 

if having 100k transactions stuck in the mempool for a day or two while having to pay dollars instead of pennies in fees to get your transaction through is considered smooth, then yeah... its been freakin butter.

Not smooth. confirm time are random. If you pay high fee, you will get fast network. If low, wait 1/2 day or hope luck.  :-\ Why ppl will use then?

If you really wanted to mimic someone you have to at least mimic to the best of your abilities and have a proof reading done before submitting something.I can pin point plenty of spelling mistakes in this one paragraph and you claim that you are the inventor or who wipes the damn of the inventor.So stop spreading your false claims and stop impersonating satoshi.

You're welcome Satoshi.

Because, Even when you pay those high fee in bitcoin it is comparatively very small than what you have to pay in fees while using paypal, skrill like traditional centralized payment processor. 

Acc to me the bitcoin network is running smoothly and the transactions are running smooth. Well sometimes it is not so smooth because of the block being too large and too much traffic.well eventually it will become smooth and things will be better.

In the beggining i think yes it runs smoothly but this time i can surely say it doesnt anymore.Because bitcoin network already having some delays in their network and some transaction takes days to come in and be credited due to huge number and big size of blocks that the network is transacting every time people are sending bitcoins from one another

https://blockchain.info/unconfirmed-transactions (High unconfirmed transaction)
                                   v
https://blockchain.info/charts/transaction-fees (a lot of fees)

Smoothly? I don't think so.  ::) 8)

Will Satoshi will come and ask us whether his invention works smooth ? I do not think so.
Satoshi himself will be having all the criteria and measurements to find out and conclude about the completeness of his own work. I agree lot of enhancements were incorporated into bitcoin system  after him, but he must be capable of verifying them for this topic purposes at least.

you can use an accelerator, the trick is to put 2/3 of the fee anyway and plus the accelerator, if you still use 10k satoshi it's obviously that you will get your tx stuck


not that i really think you are satoshi but...besides the tx problem which is not a real problem, solution are there just consensus is not, what other features we can except to improve bitcoin to a whole new level? automated escrow build in the client for example?

i like that the client one day will have everything, decentralized exchange, built-in escrow, explorer etc...

Im having the same thoughts too for satoshi wont really create a topic here on these days and asking how his creation going. Speaking of bitcoin and its network sometimes it goes rough because of the unnecessary events that do happen specially on spam transactions and the fees have been increased but these situation doesnt really last long and goes back to normal.

in my opinion, bitcoin network is not running smoothly for now because we can see that there is many delay transaction and need to be confirmed as soon as possible but there are many transaction and this could makes the network is heavy load with much of transaction. maybe if this is fixed, then i think the bitcoin network will running smoothly and to confirmed the transaction is not waiting too long like now.

I personally think that it is running very smoothly. Because I have never witnessed any setbacks while using Bitcoins.
Also every day the Bitcoin keeps on improving so it will run even smoother then it already is.

Ever since I joined Bitcoin I haven't seen any significant change in the function of its network except the recent delayed transaction confirmations which I know it has to do with the limited block size so I should guess it's running smoothly.

In my opinion, bitcoin's transaction would run smoothly and would requires lesser fee of faucets isn't there. The problem in blockchain is that, due to small transaction cost, miner needs to confirm it one by one, causing some transaction to be pending. However, sooner I believer faucet would not be able to send small amount of btc so that bitcoin would run smoothly.