Can miners fork to 2MB and still stay with Core?
Or they're back on Classic??
The block size is one of the consensus rules of Bitcoin, nodes check consensus parameters when they connect to another node so once miners raise the block size to 2MB they will get disconnected from Core for "misbehaving". |
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We wont give our costumers what they need
Your customers need free money. No doubt about that. ...especially with other better and efficient services raising... this really seems like a smart move.
Yes, it is a smart move. Get rid of such customers! Let them go to and ruin the other 'efficient services'. If it is the only type of customers you have then you don't offer value in your service and you should change your business! Read my previous comment, you really fail to understand the issue here, it is not about free or cheap transactions (although this is how we always advertised bitcoin) but it is about Block size, 90% of transactions in the queue have a valid paid fees. but there is no space to include them. However, If you want me to pay $1 fee for a $20 worth of goods/services then I am telling you that Bitcoin is for sure failing. |
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It is the [use cost] that need to be increased!
Said no successful business in a competitive market anywhere. Longterm Bitcoin has to gather enough fees to survive, without fees no miners. Or in your business language: We can give away our product for free, said no successful business ever. by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right. longterm i mean when blockreward is zero, yes. nevertheless we should already be aware of that fees are not something "evil" but overall necessary. its a balance between allowing 0-fee transactions to process, while still having enough pressure to have some fees paid. When the block reward is zero the Bitcoin network must be so huge in term of processing transactions which means the price must be high enough to make it always profitable for miners to secure the network, but if we start excluding people now with high fees then Bitcoin already failed. Not to mention how we always advertised Bitcoin as the cheap and fast and best solution and savor and what not.. but the main problem is not about fees or free transactions, it all goes down to block size, most of you fail to understand that 90 % of transactions in the queue waiting to be included has valid fees, so ... |
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It is the [use cost] that need to be increased!
Said no successful business in a competitive market anywhere. Longterm Bitcoin has to gather enough fees to survive, without fees no miners. Or in your business language: We can give away our product for free, said no successful business ever. by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right. |
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Bitcoin is already failing as a payment system.
Big blocktards don't understand that Bitcoin was never ment to be payment system. it was created as electronic cash system! Bitcoin: A Peer-to-Peer Electronic Cash SystemEvery payment system is created on top of a cash system. You can have many payment systems on top of a single cash system! If we constantly increase block size we shall never create environment where creating competitive payment system is economically feasible AND more importantly in the end we shall ruin bitcoin as cash! Right now it is not the block size that needs to be increased. It is the tx fees that need to be increased! What ever gives you self comfort and illusion while Bitcoin crawl to its death... instead of fixing the real issue. We wont give our costumers what they need but lets keep increasing the fee instead, until no one wants to use our overpriced old service especially with other better and efficient services raising... this really seems like a smart move. |
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Wouldn't touch this dead horse for now, even if they raise the block size to 32 MB, this would give us less than 100 transaction/sec, with this growth pace we will have the same problem after a couple of years, Bitcoin is already failing as a payment system. We had twice more blocks the last hour than we suppose to have (6 blocks/hour), but blocks are full and couldn't clear the backlog of unconfirmed transactions waiting to be included, the amount of backlog went as high as 13 MB at once the last couple of days. and kept a consistent 10 MB for more than 24 hours.  Why buy Bitcoin when Ethereum can do everything Bitcoin does way better, efficient and even more.... Ethereum is the next big thing. |
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Can someone please help me here, I am new to Ethereum. I have sent this morning 15 ethers from my mist wallet to my Kraken address. I was in a hurry so I haven't sent it first from my wallet to the Ether base like I was doing so far, but I just sent directly from my wallet to my Kraken address. More than 700 confirmations even though Kraken takes only 375 and my 15 ethers are nowhere to be found. Have I lost them by making a mistake of not transferring them first to my Ether base? Here is a tx id: https://etherscan.io/tx/0x495cfe3f910e2ce73faa9d094a923c1e75e8632bced7c966f3d2311b311d1883No one can help you here, you should contact Kraken support desk. But the weird thing is that this is my Kraken address: 0xa89883b0a33ed6d9d4e0c3f9571bf4b97cc4a3f7 And the transaction is not even showing up in the block explorer even though in the mist wallet it is clearly stated that I sent 15 ethers toward this address. Something tells me that I haven't even sent them, but where the hell did my coins go then? Thanks for taking a look! Actually it shows in the block explorer, 15 ETH received 4 hours ago from 0xf2b5e8c378596bd6322ce68704f20bed4c4e6c80 Here is the list of received TXs for that address, if your account wasn't credited then you need to contact support, no one can do anything for you in here. |
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Can someone please help me here, I am new to Ethereum. I have sent this morning 15 ethers from my mist wallet to my Kraken address. I was in a hurry so I haven't sent it first from my wallet to the Ether base like I was doing so far, but I just sent directly from my wallet to my Kraken address. More than 700 confirmations even though Kraken takes only 375 and my 15 ethers are nowhere to be found. Have I lost them by making a mistake of not transferring them first to my Ether base? Here is a tx id: https://etherscan.io/tx/0x495cfe3f910e2ce73faa9d094a923c1e75e8632bced7c966f3d2311b311d1883No one can help you here, you should contact Kraken support desk. |
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It's the FULLBLOCALYPSETMI think I'm done arguing. It just has to play out now. (I was actually going to use that word but couldn't remember it exactly.) ... they have no logical ground to stand on and the whole edifice is crumbling, Crassic was just the Hearn echo swansong 52% to 72% of hashpower*, two of the most respected developers**, plus what looks like a majority of community sentiment in favor*** are saying otherwise. Oh, right, and I forgot to mention loaded posted he's in favor of 2MB**** * Depending on whether you believe rumors of "false pledges of 2MB allegiance" by some pools. ** Yes, yes, we know... "Gavin is a government shill!", "paid for by the banks", etc. *** In here, across all forums of btctalk, perhaps doubtful -- but much less so on r/bitcoin and r/btc. **** On reddit. Caveat: not via signed message, so could be fake. I said that I will never speculate about price again since I started developing, even though I am in the speculation sub-forum I am going to hold to my word and not speculate about the price... I am not against raising the block size, I am strongly in favor because Bitcoin is at the edge of technical death, most blocks are full and there is a ton of unconfirmed transactions waiting (with valid fees paid) to be included in the next blocks and the number is going up exponentially. One of the fundamental points of Bitcoin is failing, Bitcoin is no longer cheap/free especially for small transactions and this will be even worse if the price goes up. Raising the Block size to 2 MB will not solve the problem, it will just buy us some more time, a month, two or maybe even 6 months but we will hit the cap again and when we hit that cap we better have a better solution prepared because we can't fork Bitcoin every 6 months or so to raise the block size cap. Bitcoin is already failing as a payment system, even if we raise the block size today to 32MB, technically we wont be able to make more than 100 transaction a second, and at this rate of adoption this means certain death. |
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Will start Working on an online wallet soon.
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BTW izkren statment, bi kupil več ETH vsak dan pa niti 0.1 Bitcoin tudi s 50% popustom, dokler ne bom videl "clear scaling plan"....but this is just me.
A ni Vitalik nekaj jamral, da jim bo zmanjkalo denarja. To je bilo enega pol leta nazaj, zato sklepam, da bo kmalu kakšno obvestilo o insolventnosti. Projekt ni toliko daleč od prvi final RC in Ethereum tako kot Bitcoin je Open source... |
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BTW izkren statment, bi kupil več ETH vsak dan pa niti 0.1 Bitcoin tudi s 50% popustom, dokler ne bom videl "clear scaling plan"....but this is just me.
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I understand that adding to an exchange is not the highest priority atm, but there are a lot of people who don't mine but want to buy this coin. Cryptopia is alright for now, but i can imagine bigger investors are not going to sell/buy there. Effect: miners going to hold this coin while price inflates, soon as it hits a bigger exchange it will be a dump fest. Take your advantage on that.
"One mans trash is another mans treasure" we are working for the long run and we do not care about the short term price and pumps and dumps.... miners need to sell to cover their costs anyways. |
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Next block halving should be around the second half of February, am i right?
Block halving should be sometime in February, regarding exchanges you can always contact your favorite exchange and ask them to add it. we never requested adding Creditbit to cryptopia. it is in their interest and the coin was launched fair and square, has active developers, a great road-map, and most important projects already ported such as electrum, android wallets, full API... so there is no reason why big exchanges wouldn't add it. |
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Will update the site when the iOS wallet is reviewed and accepted. |
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Mmitech any updates on wallets? 😜 I need ios one 😎
They are all compiled and ready but we are having issues publishing them, the app got rejected twice, so have to keep tweaking and trying again, sorry you just have to wait more. |
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impossible to cash out from official pool.... scam or what?
PM me your user name and I will look at it and BTW: another time use the normal support channel before jumping on conclusions. |
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