Bitcoin Forum

https://blockchain.info/charts/mempool-count?timespan=1week

Actually a different point for people to consider:  it's completely irrelevant.

Whether blocks are full or just packed with spam transactions doesn't matter because the effect on users is the same - it results in fees rising and some transactions failing to confirm because the network can't handle all of them.  As much as we'd like to think people can't keep up spam forever, the reality is that they can and, with a different face, it might happen forever.

If segwit was activated we wouldn't have this problem because there would be enough space, even tho anyone with enough money could fill the blocks too.

Ultimately there is always a possibility to fill the blocks unless the blocksize is stupidly big. So yeah blame miners for not activating segwit, until then pay the fee.

https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

Yeah.

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii ight.

This is so legit my ovaries are aching.

I'd better get on the Wu Batphone if I want anything to go through I suppose.

I don´t know if there is spam but it´s true that the level of adoption is growing and with the boom in Japan and with the rise in price of Bitcoin is normal to have more transactions, I think it would be good to find a solution soon, I think it will end up activating segwit and will be done sooner rather than later.

  segwit is not even getting half the miner support as BU right now www.coin.dance

Appealing to users here is pointless. Go beg your pool operator overlords to fix it.

Only full mining nodes matter. There are like what, 20-30 of those? Should have no trouble convincing them to collude in their your best interests.

This is not gong to help Bitcoin get past the $2000 mark! This needs to get handled asap before we all regret it.

true.  but every little bit helps!  :)

The contrary is more within reason, this indeed will help Bitcoin to become a growth of value over time currency, we can expect fees over $5 and people only transacting amounts higher than $1000 as the smallest transaction and for microtransactions under $1000 we could go and use LTC as this is obviously the plan.

US in UN uses veto and they say it's a democracy system, miners not activating any thing whatsoever and they say miners don't have any power.

I created exactly the same topic about a year ago. It's much worse now, with rising fees, more and more delays, some transactions failing to confirm, and some risk of a hard fork. What's truly amazing, is that BTC's price keeps on rising.

Fo micro payments i would use ETH because LTC is 100% in China ASIC minig cartel,
ETH is faster on chain and have better volume than LTC so I don't see reason to switch to LTC over ETH even with lowest fee transaction is confirmed on chain faster than LTC mines blocks.
So for me ETH is far superior to Chinese LTC.
.
But for good sake I want use BTC via LN or other 2nd layer solution on BTC .
I don't give a shit to any "micro payment" altcoin.

yeah not a good one for a cryptocurrency but we can control the bitcoin price I guess it will still go up up to 3000$ this year the price is really sky rocketing it is going up really fast in just a few hours it can reach 2000$ this month.

Many of the new investors do not even care about technical or philosophical issues. This is why the current rise may very well be a bubble that will soon burst.

If Bitcoin found a scaling solution , we'd be at $5k easily. 

Well, sad to see that it's reached this point, but if people are going to argue about it then fine, I'm not taking up a side because the arguments I have seen are repeated constantly and it's just autistic screeching for the most part.

I'll let the community sort this out because the mess that the two forks have caused isn't worth burning my time in. If they want Segwit or BU, fine, at this point the debating is just pissing me off since it's the same soundbites being repeated over and over.

When a system is running at max capacity, it only takes a little demand/supply balance to push it over the edge. Despite the mempool, cough, transaction pool spikes; how often has this been beyond 1/4 a day? I mean, how often is the percentage of unconfirmed transactions beyond that of confirmed transaction capacity?

Every person that has a legit transaction and is waiting more time as expected will be disappointed by Bitcoin. So for the long-term growth/adoption by the "masses" the situation is negative without doubt.

As greed usually blinds people from making rational and logic-based decisions, that doesn't mean that we could not have a crazy bubble with uber-full mempools, but it's dangerous: people would be more incentived to leave their coins at the exchanges, and a new Gox would be even more brutal than the 2014 catastrophe.

activating segwit is meaningless..
the "extra space" for the cludgy 2merkle version of segwit is for users who move funds to new keypairs AFTER activation.. so that they can hang their asses the main block and have their feet spread out in another area. allowing more transactions to sit in the main area the first persons feet used to be in..

the issue is getting 46m outputs to switch over to segwit keypairs will cause a mega mempool fill event of people trying to move funds across.
the issue is malicious people will stay with native keys and fill the seats of the main block so even segwit users cant sit down. so never get to put their feet up out the way.

the solution is a 4mb single block where both native and segwit keypairs can all sitdown side by side all sharing the same area.. and then limiting what malicious things the native key users can do.

without sorting out the native key users.. segwit is an empty gesture, a hope..

...

gentlemand

Bwa ha, good one!



Holliday

Love your cynicism.  Really!  You're likely correct too.  :)



Yakamoto

Agree completely.  "autistic screeching", ha ha.  I am one of them.  Nor am I competent enough to know which of SW or BU (both?) would be best.



jonald_fyookball

Yep, $5000 would be my guess for Bitcoin if they would solve this scaling problem.  Stupid, greedy and power-hungry WANKERS holding up BTC is a terrible waste.

yep... pools not picking a side are almost as bad as the devs.  wankers is appropriate  :D

actually it is both, and right now with 156,000 transactions in mempool, they are mostly spam attack.
obviously the number of users has grown a lot in the past few years and the past month's price rise and things like Japan has brought a lot more on board.

but you can not deny existence of things like these:
https://blockchain.info/tx/1148de03991e0bf17e2846e7eb9373f7ae280ca07349f637052a6874c5b2eb5c?show_adv=true
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f
more (https://bitcointalk.org/index.php?topic=1776143.0)

and the way mempool size grows are sometimes comical!
https://i.imgur.com/ECj2poV.jpg