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Title: The solution of the 1MB problem? Post by: elefsky on November 13, 2017, 01:53:17 PM Before starting, sorry for my highschool english. Straight to the point: Now the problem is the cost of fees and the speed of the transactions. But this is not because the price of bitcoin is very low? I mean, if you want to send 3000$ for example, you must send 0.5, and this is very huge for the "web". Imagine that the price of BTC is 500.000$, a few people will send 0.5 and those who send 3000$... 0.00005btc? Idk. The problem of 1Mb block its only because the price of each bitcoin is very low. Title: Re: The solution of the 1MB problem? Post by: wndrbr3d on November 13, 2017, 01:58:45 PM Okay if BTC will be 500k$ - imagine how much comission will be. No matter how much you sent - 100$ or 100 000$ it will be 0.0005 * 500k = 250$. How is it for u?
Title: Re: The solution of the 1MB problem? Post by: TangentC on November 13, 2017, 02:00:06 PM Before starting, sorry for my highschool english. Straight to the point: Now the problem is the cost of fees and the speed of the transactions. But this is not because the price of bitcoin is very low? I mean, if you want to send 3000$ for example, you must send 0.5, and this is very huge for the "web". Imagine that the price of BTC is 500.000$, a few people will send 0.5 and those who send 3000$... 0.00005btc? Idk. The problem of 1Mb block its only because the price of each bitcoin is very low. Bitcoin Cash fixed problem with variable block size , few transactions block less the 1mb, many transactions block can be up to 8MB. Problem Fixed. Core Devs too stupid to fix their version of btc. Which is why it is broken with hundreds of thousands of unconfirmed transactions for weeks. Use Bitcoin Cash or Litecoin , they both work. Title: Re: The solution of the 1MB problem? Post by: altintarr on November 13, 2017, 02:49:24 PM Before starting, sorry for my highschool english. Straight to the point: Now the problem is the cost of fees and the speed of the transactions. But this is not because the price of bitcoin is very low? I mean, if you want to send 3000$ for example, you must send 0.5, and this is very huge for the "web". Imagine that the price of BTC is 500.000$, a few people will send 0.5 and those who send 3000$... 0.00005btc? Idk. The problem of 1Mb block its only because the price of each bitcoin is very low. Bitcoin Cash fixed problem with variable block size , few transactions block less the 1mb, many transactions block can be up to 8MB. Problem Fixed. Core Devs too stupid to fix their version of btc. Which is why it is broken with hundreds of thousands of unconfirmed transactions for weeks. Use Bitcoin Cash or Litecoin , they both work. Correct me if I'm wrong, but just saying "8mb block is best" is stupid because this is just a workaround... What will bcc do to reach Visa tx/second capacity ? |