I am moving over to Segwit and it should be faster for now but it still won't go much faster as the
block-chain starts too fill up.

BTC does 7 transactions per second and my guess for Segwit would put it at about double the speed
under the same conditions so in other words they can double the size of a piston (Blocks) in a steam engine
but it's still a steam engine.

Where segwit will pull ahead is because the team is more radical and they understand that they will
need to move over to a petrol engine or better still an electric engine and I don't think they will let the miners
piss all over everyone like the BTC development team has done.

Read up a bit on Ripple and how the protocol works, peek at IOTA Tangle and then see HashGraph
that is not used yet and is under development and then you will understand why I am talking about
old steam engines with Segwit and BTC

I see from your footer that you are into gambling so lets cut the crap about investing and call it by it's real name "Gambling"

The miners took a gamble when BTC was shooting up that they could increase the fees because they have become a monopoly
or maybe you would like to explain why we need 20,000 full nodes just to perform 7 transactions per second  

This correction is what you get when you have a nice car and the roads or network don't work, you sell your car so fix the
roads (fees) or the price will go down because people are jumping out all over the place.

"Let the trend be your friend" is a term you would have come across had you worked in finance

I am one of these "tech savvies" and made a good living writing systems over the years
so pull your eyes away from the flashing lights on the slot machine and listen.

The software architecture of BTC was never going to scale, this would had been known from
day one and CPU war between miners is not doing anyone any good, stupid plan all along
as is proof of work to stop spamming.

From a technical point of view the wheels are falling off the wagon !

BTC was under testing for years and look at the mess we have got today not that this was not
planned from the word go.

20,000 miners are not needed, too little cake to go around and no one trusts the development
team anymore or the miners so forget the Lightning Network because it is a sticking plaster that
uses hubs and these are banks or called gateways on the Ripple network.

See https://www.youtube.com/watch?v=UYHFrf5ci_g

Fees are at crazy rates, fix the max fee in code and cull the miners because we have far too many
all wasting energy and as such offer no useful service and I won't even get into the 51% takeover bullshit
that has been floated around by snake oil salesmen.

We are the market, we are speaking so fix the fees or BTC will keep going down, it's that simple

Ripple is a much better protocol than BTC and proof of work was the biggest scam of all times
along with mining and has made big hardware manufactures rich from the CPU wars
it created and as you know by now that power wastage is also keeping big oil happy too.

Block-chain won't scale the way it as been implemented and this was cooked into the
cake from day one so lets not pretend that whats happening today was not predicted and
that anything else was ever planned.

We need a new system, old steam engine won't work in BTC regardless of playing with
block sizes and timing but the lesson people need to get is that a form of centralization is
needed but it does not me that we need to hand the keys over to bankers as is the case
with Ripple.

Adapt or die BTC and you can start fixing things by dealing with the crazy high transactions
fees and that can be done over night if the developers get there finger out from the banker bums

 

Come on people wake up will you now

BTC has too many miners, 20,000 in all and they all want cream from the cake and are locking us in because
we now have a banker monopoly of ten big names doing 90% of all mining and you can see this from the cart below.

https://blockchain.info/pools

The network will work just as slow as it does now (7 transactions per second) if the number of miners were
reduced to 200 and mining would work just as it does today except less electrical energy would be wasted
and the CPU power could be put to better use elsewhere

Now lets deal with the a knight in shining armor saving your skin called the "lightning Network" (LN) and
with a slight name change from LN-Hubs to bankers and centralization we arrive at something much like
the Ripple protocol and what they call "Gatways"

See https://www.youtube.com/watch?v=UYHFrf5ci_g if you don't understand what LN really is all about.

The banksters have you by the balls, they own the miners and the development team or else they
would have added the code show below to the project in Github and the glut of miners would thin down
and we would get back to a fair balance

Public static money MaxFee=1.50 // Goodbye parasites we don't need this many miners



 

We need the mega big names out including Coinbase who scammed me out of $10 joining fees so good luck
trusting them with millions.

All we can do is name and shame them on forums so keep them coming, it's our voice so don't let anyone
take it away

Did the survey mention that miners now hold a knife to our throats and that the
transactions fees just for storing 250 bytes of data is now $45 using BTC.

I stack silver myself with just a little gold because i wanted to give the bankers two
fingers but now I can see they have taken over here and can pump en dump as they
like and it seems to me that they have brought out the BTC development team too.

See https://www.youtube.com/watch?v=UYHFrf5ci_g if you feel this might not
be true because I am far from alone in saying this and yes lots of my posts here
do get deleted

Regards

Anti-Censorship

Thanks for sharing and i will keep this in mind.

I want to decide when my public address gets swapped and a system that cannot deal
with this is not very good in my book but maybe moving forwards we all need a single
address like an email address type thing that will accept all payments for all coins

So much is wrong with BTC and how the block-chain works that i could write a book
on it.

if Bitcoin does not adapt and deal with crazy high
transaction fees then it won't be around much longer and that's a fact

For other coins maybe we need trusted brokers to hold the private keys in a paper
wallet that has a seal on the envelope but yes it will be something we need to address
at some point but the developers from BTC can keep out because other developers like
myself can see that they have sold us out. 

Hope you get sorted

Yes fact 20,000 machine just to deal with 7 transactions a second and it will still be 7 if we have 100,000 miners
or just one hundred.

See the white-paper "Virtual free transactions fees" and get back to me when them dollar signs in your
eyes have been removed because your excuse somehow is not working but if you would like to send
me a copy of any degrees you have in computer science then maybe I will listen to you.

Regards MCSD, Msc

Bitcoin will work just as good (Bad Really) with 100 full nodes but we have 20,000 miners taking part in
CPU wars that makes hardware manufactures rich and all the energy waste keeps big oil
happy.

Bankers want in and the Lightning Network which is nothing more than a sticking plaster
lets them in as you can see from the link below.
https://www.youtube.com/watch?v=UYHFrf5ci_g

We have been served a low ball with the fees and they might fool a few people
with the excuses but any software developer that is not a script kiddy can see
what is going on here and slow speeds and crazy $45 transaction fees has made
the currency unusable so let that whales buy it all back and hold the baby when
the music stops.

BTC has become useless for moving money for joe six pack and only a fool would trust
the development team and miners now. Keep one eye at all times on the exit door because
all they need to write is one line of code

Public static money MaxFee=1.50; // 20,000 miners not needed, goodbye if you don't like the change

Segwit2x here i come because I have no faith in BTC anymore

Forget Korea it's the transactions costs that is killing this baby, the enemy within that was always there
is a cancer and you would do well to study up on tulips because one day the price did not return to
normal but if you want something more modern then see Dot-Con bubble, they all pop you know and
the only debate is why and when

I keep watching Yobit from Russia and I watch the "Dice" game and it shows that many so called "Traders" are quite
happy to flip the dice when it's loaded 5% against them however it's hard to really know if the games
are fixed even more even if the numbers 1-100 are random because some of the players could be bots.

Bitcoin and the other alt-coins has attracted lots of slot machine players who know nothing about
finance, banking or money and don't understand software but they think they are experts at something
but god knows what.

if Bitcoin goes bang and the government says Kim from North Korea hacked the system then many
people just won't question it and then "The building just fell down"

I work as a software developers and private networks to keep government and google spyware out
is popping up all over the place so the fight back is starting because it's getting to the stage where
no one dare speak because anything they say is "Hate Speech" these days.

Freedom won't come free and in the end you will have to pay micro amounts to have your say but
bitcoin won't be part of it due to the crazy transactions fees and they have lost the trust of the community
who does not like being held hostage by miners 

Clearly you have a lot to learn and having 20,000 miners has just lead to a CPU war that keep hardware
manufactures in profit and all the wasted energy keep big oil happy.

BTC would work fine with 100 full node, 200 is better and forget the bullshit about 51% attack because
a decent bit of software like used by everyone else works just fine and the miners are just rip off merchants
because the translation cost was $0.10 at the start of the year so nice try with the propaganda but you
won't fool me.

Dream on because it's useless now unless your using it to move $10,000 or more and even the worse banks
will transfure money for a lot less then we are being blackmailed to pay.

No good having a car if the motorway is broken so i am going to jump into segwit so please dump your
free B2X coins to help me by low 

Not a chance dude because the transaction fees on BTC costs more then the service they provide
and no one here will trust the development team or the coin miners because they let it get to this
stage.

for $45 you can get a hooker, never mind a flash of this and that so what respectable sex starved
man is going to pay that much just in transactions costs ?

Come on nothing could be worse but that too will slow down because the architecture of the block-chain
as it has been implements is the biggest load crap i have seen and was designed to start CPU wars and to waste
energy.

IOTA Tangle is a bit better but the one to watch seems to be HashGraph not that any coin is based on
it yet.