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Title: Up to 35000 bitcoin delays what will happen with the price? Post by: Clonekiller on June 15, 2016, 07:55:55 PM Up to 35000 bitcoin delays what will happen with the price?Will there be a drop?
https://www.youtube.com/watch?v=kpjf_wwV7Ic http://blockspeed.info/ Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: r0ach on June 15, 2016, 08:14:16 PM It's called you're a moron because in any system with no minimum transaction fee, the blocks will always be full even if you raised block size to 10 gigs. All that matters is what the price to get included in a block is, but no blockchain is suitable for microtransactions in the first place. Even with 10 MB blocks, all small transactions would be pushed off-chain onto things like the shift card or second tier solutions like Lightning Network. It will never be economical to do microtransactions (buying a pack of cigarettes) using a blockchain. Blockchains are only suitable for high value transactions or settlement layer.
Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: Alley on June 15, 2016, 10:09:41 PM Why would there be a drop in price?
Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: kwukduck on June 15, 2016, 10:11:57 PM All i can say is this is turning into one giant clusterfuck exactly as i predicted well over a year ago...
Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: podyx on June 15, 2016, 10:12:05 PM It's called you're a moron because in any system with no minimum transaction fee, the blocks will always be full even if you raised block size to 10 gigs. All that matters is what the price to get included in a block is, but no blockchain is suitable for microtransactions in the first place. Even with 10 MB blocks, all small transactions would be pushed off-chain onto things like the shift card or second tier solutions like Lightning Network. It will never be economical to do microtransactions (buying a pack of cigarettes) using a blockchain. Blockchains are only suitable for high value transactions or settlement layer. If the fee is $0.10, why would it not be economical? Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: WaffleMaster on June 16, 2016, 12:32:59 AM All i can say is this is turning into one giant clusterfuck exactly as i predicted well over a year ago... LOL yes I noticed that as I tried to get some Bitcoins and move them. It was quite the ordeal and I ended up just going to sleep before the transaction could be made in some hours haha.Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: TerraFrutis on June 16, 2016, 12:38:19 AM It's called you're a moron because in any system with no minimum transaction fee, the blocks will always be full even if you raised block size to 10 gigs. All that matters is what the price to get included in a block is, but no blockchain is suitable for microtransactions in the first place. Even with 10 MB blocks, all small transactions would be pushed off-chain onto things like the shift card or second tier solutions like Lightning Network. It will never be economical to do microtransactions (buying a pack of cigarettes) using a blockchain. Blockchains are only suitable for high value transactions or settlement layer. This guy gets it. A lot of people don't. They expect Bitcoin to be their anything and everything. Wow what a great job it does at exactly what it is designed for. Wow what a great job second-tier systems will do at low-cost microtransactions. Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: chesthing on June 16, 2016, 12:40:42 AM I just moved 4 btc off coinbase exchange to my wallet, showed up in the blockchain in 5 seconds, confirmed in 5 minutes. You don't need to wait for confirmations, you just need to wait for it to show in the blockchain.
Title: Re: Up to 35000 bitcoin delays what will happen with the price? Post by: Cybertron00 on June 16, 2016, 06:10:07 AM Well for me I got a transaction that I withdrawn from a gambling site that took 45 hours for it to show on my balance. For 45hours it just shows in my wallet in receiving status. It got a 0.00006 BTC fee maybe thats why. Even gambling sites saves money for halving. :) Well even if that happened, I see no reason why the price will drop.
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