Bitcoin Forum

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

Bitcoin's value is being held up by investors and traders, but its use as a cryptocurrency, the only thing it was actually supposed to be, is dwindling.

I don't think Bitcoin is dead though.  There will always be a way through this because if miners feel that people will give up and stop doing transactions, that'll be an incentive to actually sort out the network by implementing SegWit, which I do believe will happen eventually and Bitcoin will become scalable.

You're right though, for now, Bitcoin is pretty annoying.  My transaction with over 3mBTC of barely 10mBTC took over 2 days to confirm.  This is not the consistency and professionalism that a great network like Bitcoin should have.

Bitcoin is not suitable for low value transactions, at least not anymore, try litecoin, cheap transactions, fast confirmations.

I predict in 2017 bitcoin will achieve new all time highs and neither Segregated Witness nor Bitcoin Unlimited will be adopted, so if you want to do low value transactions you'll need to find an alternative.

You aleready posted in annother section of the forum.

Next time, think about using this : https://bitcoinfees.21.co Before sending a transaction, it will show you what are the most accepted transactions/fee ratio (because it is calculated based on the size), they also teach you how to estimate the fee depending on how long you want it to be confirmed. Or you can use the solutions i told you about.
Maybe one of the best solutions would be a TX aggregator, i think it is possible, but i don't know if someone did it, so instead of sending small TXs like yours directly, you send them to an aggregator who pushs all TXs at once.

Not true.

Also not true. The needed fee it depends on the size of the transaction in the first place and there's no need for large fees all the time (just the right amount would be enough).

Haven't noticed any issue about transactions not showing up on explorers unless they've been dropped by a particular node which is normal (perhaps it's just the browser that you use, clear the cache). About the few reported automatic double spend issues, if you're using an online wallet provider, it's best to switch to another instead (there could always be some bugs that gets sorted out).

Have read this line a thousand times and yet, were here :o

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Unfortunately, almost all the recent issues that I've noticed, fall down under a human error and lack of knowledge towards it's usage and the first thing everyone does, is to blame BTCitcoin.

nothing to do with blockchain dude ...  that's a global problem actually, some people tend to want thank's to  Blockstream & Core's devs for their bad "economic decisions" ..  ;D

& sincerely...  I have to agree too.  ( and there's legion to think in the same way, even if they don't clearly expose it..)

I could only agree, it's sad how long it's taken for the community to agree on a scaling method, and it's still not decided. I'm afraid people might start using other coins and abandoning Bitcoin if this continues :-[

The things are not so bad and people will not abandon Bitcoin just like that, over night. This is just another topic about Bitcoin beeing dead that will not come true. And other coins are not so good, don't have that value and can't so easily replace Bitcoins so there is no fear of that. Situation will settle.

absolutely !   time is coming for a real debate on this damn scaling issue.  ( by the way, serious people yell about this problem since a long time. )  ie: Rogerver, who had made a pretty good analyse of the situation long times ago ..  ( and have suggested some damn good solutions!  )



NO: nothing to do ..  people have to:

1: realised and debate about the problem "seriously"
2: take a decision! (solutions are just here, already suggested..)


scaling time !

Better to use a coin that will likely replace bitcoin. Just use Dash. Has integrated tumbler and you can choose instant transaction.

Dash is too shady, premined as fuck and way too pumped, the risk is very high, if people want to make business, a stable and transparent coin is better.

It's happening because there are many people sending transaction, using Bitcoins, that is a good thing. Bitcoin won't die because of it, it's just necessary to upgrade Blockchain to solve this issue. The problem is that Bitcoin community doesn't fully agree about what must be done and it's taking too much time to choose a solution for this. It's time to choose a solution, at least give it a try...

They better make it snappy because these delays are driving me crazy, how can a simple transaction takes this long to confirm?

The problem moving forward is the Chinese mining farms. They want all those high transaction fees on top of the bitcoin they mine. Who wouldn't. I use LTC now where I can. When I transfer BTC funds from one exchange to another or my wallets then I expect a 1 day delay.

Knowing very little about alts (other than that none have caught on in a big way), I would agree.  In a competition, usually there is only one winner, and to date Bitcoin is it.

It does look like making micro-payments is dead for now.  I will be sending virtually all of my transactions for a higher fee.

It disappoints me that the miners & developers cannot fix this.  And while BTC is certainly not dead, this kind of infighting and sloth in coming to an agreement opens the door for an eventual Bitcoin Death Experience.

Yep. It is huge problem for Bitcoin. Price is rise but service is decline, while customers have chance to choice other cheap and fast blockchain services.

I don't think Bitcoin is dead, but I'd sure like to see a decent scaling solution implemented as soon as possible.
Having to deal with these high fees for weeks now really limits the ability to send small amounts.

I've been using Litecoin more often than before, I hope they'll get to the segwit activation threshold soon.

i agree, bitcoin is carried too much burden on the blockchain, yes! this will be a huge issue in the near future

This is not a reason to say that bitcoin is dead. There is still great potential for him. Just need to solve some technical issues with block size and network performance

How to resolve high fee? Interesting.  ;) Due to bitcoin halving, fee will high more in the future. If you don't pay good fee to miners, they will delay your transactions. I can't feed miner anymore. Blockchain is simple. Don't need expensive like POW. check it: https://medium.com/@lhartikk/a-blockchain-in-200-lines-of-code-963cc1cc0e54#.vh2h1mqat (https://medium.com/@lhartikk/a-blockchain-in-200-lines-of-code-963cc1cc0e54#.vh2h1mqat)

Merchant are not accepting bitcoin as a currencies because bitcoin is been treated as stock, gold and others commodity. But going through bitcoin white paper one can easily find out that bitcoin was created as a crypto currencies but people are now treating as property, this has gone in a long way of make investors to undermined bitcoin value.

that's definitely not the reason why they are not accepting bitcoins at the moment, the actual reason is that some people still don't trust bitcoins and think that they might have some troubles because of it what is just ridiculous, isn't it? Besides that bitcoins are still not adopted high enough by the people of the world thus it wouldn't be too profitable for merchants to accept it. However I cannot agree that bitcoin and blockchain is dead, because it is still pretty new and it is going to become bigger in the future.

Bitcoin/blockchain isn't dead. It's going through stunted growth pains due to the influence of self interested bad actors.

Blockchain is good. It is future. But bitcoin is worse day by day.

I just think if this is a FUD for the bitcoin itself. But can you prove your statement with your txid? And i don't really believe your word. Because yesterday i send my bitcoin with a cent fees and really fast. 15 minutes for a confirmation.

Bitcoin has been declared dead so many times now that it's somewhat of a joke: https://99bitcoins.com/bitcoinobituaries/

Bitcoin is having growing pains. It's still new. It will do well over time.

As said it's still new which has gained popularity in a very short time period. As it is new only when problem arises it can be rectified. So when it experience small fall and rises again people should not get panic that it has failed or dead. The more problems overcome makes it stronger.

Very funny on how these people keep on telling that bitcoin will be dead very soon. It's enough people, accept your loss bitcoin is getting stronger.

And when it comes to the fees, it's just normal that the fees are getting higher because of the price last days is at the peek.

OP is just experiencing bad thing on bitcoin so he is telling that bitcoin is dead.

use transaction that are not so big in size, you should do good with $0.5-$1 in fee, $2 is overkill most of the time

or use bitcoin only to send big transaction and not micro payment, until the consensus is reached on the block limit fix solution nothing else can be done

it is all about the miners, they still refuse the segwit and it seems that they do not even care about this new technology. With segwit, many function will be upgraded, even the confirmation time. If it truly happens, we can happily hope that Bitcoin will become the next currency of our world and it will be certain that bitcoin will exist everywhere on this planet

It's facing challenges with confirmation delays and huge fees but it is not dead so the doomsayers should excuse me. Just a little hitch and then you predict doom. Why don't you exercise some patience and let's try either segwit or BU or whatever fork or expansion of the block size before you conclude.

maybe you need to ask something on this thread would be possible if a lot of information for which you get, I think the future is good for bitcoin and blockchain start this year and not to die :)

We all have the same problem, the speed of confirmation, they are too slow, they are really dead, the blockchain is dying, it's a really bad thing. I am very disturbed, why do not they try to overcome, maybe they can not overcome it? They were everything, their technology was superior, but perhaps, they did not improve it, so it was dying.

The author was just emotional about what happened to him. To express his emotions and disappointment to the current situation in terms of transaction confirmation he posted this kind of topic. But he is not serious about his post and the reason is because he is still doing a signature campaign and he is still expecting to be paid by bitcoins.

We have had many spikes and hikes in the history of Bitcoin, even huge ones like the difference between Dec. 2013 and the summer of 2015. The price difference was of +$700 and yet it didn't die. These things are happening with many currencies in the world, Bitcoin is the main virtual one. It won't die as soon as it is still usable, rare and partially untraceable, so used by many people that need safety.

bitcoin main problem today is that the longer the time of the transaction. everyone must be very disappointed and some people have already left the bitcoin. but for most people they persisted to use bitcoin, because they believe that bitcoin will become a global payment media.

The traffic jam and stuck on blockchain is a pain in the ass, it forces bitcoin to be scale as soon as possible, if don't do that very soon, bitcoin will lose many users.

Now, Fee hight than  before, If still hight than this times, may be not good for BTC

Bitcoin blockchain was true and annoyed many of the bitcoin fanatic but in the end they still support it. Even many times happened that the transaction is delayed most often even you payed a higher fee sometimes its unavoidable it is still it takes an hour before it confirms. And my experience was 2 days almost before it confirmed to my wallet.

that is true, bitcoin blockchain still run no matter is delayed or we only got pending confirmation, at least in the end, our transaction is full confirmed. there are so many transaction that have to be confirm by blockchain and its really need some other time to see the confirmation and this is our biggest problem with blockchain. many of us has been confusing about this and they still waiting for the transaction gets confirmed. bitcoin blockchain still works fine for all bitcoin user and we need to be patience to see the confirmation.

There is no problem with bitcoin but with people, and as I am forced to use much higher fees I'll slowly migrate to alts.
Bitcoin won't fade away over night but if continues to perform this way people slowly turn to other coins.

Bitcoin is not dead what it happens is that a scaling method has not been agreed and to be honest it does not seem like we are going to see any improvement any time soon, so if you need to send small transaction then use litecoin, send a bigger fee to the bitcoin miners, and avoid using the network when  it is very busy.

This is the only scaling method that will work.  Use other coins.  Bitcoin is not a payment system any more.  This was built in from the start, when a hard limit on block capacity was frozen into the immutable protocol (the reason why "we don't seem to find a solution yet" - the same reason of why "we don't seem to be able to make more bitcoins than 21 million yet").   This hard limit made "a transaction" - room on the block chain - a commodity with finite supply, and will hence, make its price explode, like bitcoin is a coin with finite supply, and made its price go to $1200,-.  A commodity with inelastic offer and increasing demand becomes always hugely expensive.  By putting a hard limit in the block chain size, and hence by putting a hard limit on the number of transactions per second, with increasing demand, a "transaction" will become a hugely expensive affair.

So, these are the last few months of bitcoin as a payment network.  Only *very big* transactions will still be affordable, reducing more and more "low contents" addresses to the dust bin (if you have an address with 0.5 bitcoin in it, and the fee is 0.6 bitcoin, per input UTXO, you're not going to be able to ever use that address).  Only single addresses with HUGE amounts will still make sense.  In the hands of exchanges, institutional investors, etc... And they will only move huge amounts when they need.  

In other words, bitcoin is then a reserve currency for institutional players, banks, exchanges....  Miners will love it.  They don't have any incentive to change this.

That fate is built into bitcoin since there was a hard limit on block size.

this will never happen, the sole reason why altcoin have not this problem is because they have a niche market activity, they have no merchant they have not the same amount of tx per day as bitcoin

otherwise you would see on those altcoin the same problem as bitcoin, minus those few alt that implement some sort of scaling like monero, and well litcoin is lucky with the 4MB limit at the cost of more orphan...

We the users need to support it. I think it's an temporary issue which can be sought out in a short when the systematic approach takes place after the long time debate comes to an end. If we move to alts we too are indirectly supporting altcoins and making bitcoin degrade it's value.

Your argument was just as valid when bitcoin started out, and you could compare fiat to bitcoin.  Merchants are going to drop bitcoin if payments are not sure, and need ages to confirm, if ever.  Of course, alt coins have the same problems, once they reach bitcoin's levels of transactions and adoption, but there are MANY alt coins.  The problem will be solved when bitcoin loses its first mover advantage, and becomes just a crypto amongst others, with free competition.  The "first mover" advantage is still locking up bitcoin in a kind of monopoly situation, but as bitcoin becomes essentially useless as a payment system, this will erode hopefully.   Crypto will only be "fully decentralized" if not one block chain dominates the landscape with its monopoly, and when many competing chains are running.  Now, bitcoin, having the most primitive crypto tech, is still dominating the show.  But its baked-in problems will hopefully change this.

For what you had said was only your opinion, do you think bitcoin now is dead or blockchain? of course not, actually up to now bitcoin exist because users exist using the usages of bitcoin. There are some merchant don't accept bitcoin? but not all merchant in this world.

Bitcoin is still on top of any cyrptocurrencies, the many users will have the network congestion it has. Bitcoin is not dead as what you think its still the best nowadays because of its votality. And, many users are still into using of bitcoin whatever happens. Because many are still earning and getting benefit of it.

Bitcoin users are very loyal to bitcoin, they will depend it if others criticize it, will buy more bitcoin if the price went down. They will support and cling to bitcoin amidst the longer transaction confirmation and higher fees. Because of these loyalty and support bitcoin will not die and will continue to prosper as a currency worldwide.

Bitcoin/Blockchain is not dead. I doesn't mean that the ETF is rejected or other kind of problem or threat for bitcoin is enough to proclaim that it is dead because it is not. Bitcoin is still alive and still kicking the market so how can you say that bitcoin is dead? Wake up to your dream and tell to yourself that you are lying.

This is true because Bitcoin's core fanbase fits a niche of people who are interested in tech.  This is not something that can just disappear or that will disappear to support another cryptocurrency because of the slightest variation to the blockchain system that they create.

That's the technical problem and it doesn't have a relationship with the bitcoin etf, the scalable problem is really annoying for everyone in this time.

The BU and SegWit drama is not giving a fast answer about the scalable problem on bitcoin.

Nah, Bitcoin isn't dead. Even with slow transactions the coin still could be used for spending or transferring to another Bitcoin client. When stronger computers get built/released, Bitcoin mining will get easier so the transaction will be processed faster as well. This may happen with quantum computers yet I am not sure if those machines are capable of mining Bitcoin as of yet it though it makes sense theoretically. High internet speed would have to be configured into that equation as well.

Stronger computing power is being applied all the time. The mining difficulty increases. Transaction rates remain the same.

Very much directly supporting altcoins, I would say.  Which is okay if Bitcoin is incapable of finding a solution.  The surge to altcoins won't happen though, because no one will settle on one specific coin and therefore the coins won't have proper usage.

That's maybe a good signal. This happened just because there are many transaction. You can believe that there are many people still use bitcoin, it cannot be dead.
When I first receive my first bitcoin from my people, it tooks too long that I just thought I give it up on bitcoin. But, you know, patience is the key for everything. I love bitcoin too much  ;)