Your opinions are irrelevant, people in charge already decided and there's no hard fork and no block size increase.
There is no one in charge. I heard, it is decentralized.  LOL, right... |
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Your opinions are irrelevant, people in charge already decided and there's no hard fork and no block size increase.
You can stop with this useless posts.
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Well I decided to take the plunge and ordered 100 of the silver eagles, will update you guys on how it goes..
Legit. Why not 1000? |
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There's no such thing as "spam transactions"
So per your definition the "stress tests" in the past were not 'spam' but rather legit transactions?  Sure, tests are really important, legit as it gets! |
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We may already be there. 1048 bytes for 2 weeks 95% full. |
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follow the money...
Who has the most to gain from higher tx fees?
As of now no one gains with it, miners have much more to gain with adoption and increased bitcoin valuation. With current situation bitcoin may lose a lot of its value. |
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There's no such thing as "spam transactions", spam is an unsolicited message, well, someone can send me unsolicited transactions, I don't mind though. People make transactions for whatever reason they want, network can't handle current transaction rate for weeks now, development priority should be scaling. |
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Certainly viable for a restaurant.
The only type of double spend attack that doesn't involve mining a block and risking loss of the mining reward is the race attack.
No one is going to risk a block reward to eat in a restaurant.
Detecting transactions by using a node that does not accepting incoming connections and then only accepting transactions with the right Tx is very safe for a restaurant and easy to implement.
You are aware that credit cards when used at restaurants often don't confirm for 24 hours and often days later, the payment processor says it was stolen and the restaurant doesn't get jack shit.
Bitcoin with 0 TX is safer than credit cards - as long as the easy to implement precaution is taken.
You don't seem to understand one thing, people don't have to use bitcoin, it's completely irrelevant, as the guy said, very few people ever paid with bitcoin, he doesn't need it! All this "we don't need to scale bitcoin" but we need to implement this useless features nobody asked for is doing damage, big damage, because what we need is adoption and scaling. And what the fuck are you talking about implementing stuff and credit cards only 'confirm' after 24 hours, where do you get this kind of stuff? Have you ever worked with these services and the real people who use it in their business? They don't implement stuff, they pay people to implement stuff! If I have to say to a client it will cost 100 more euros to implement some shitty, not reliable, payment system nobody will use, plus a few hours explaining staff, well, you know what the answer is... I am involved in running a small retail business as well. Full blocks does break the ability to accept zero confirmation transactions which in effect means that we can not accept Bitcoin anymore. Since waiting for confirmation is not practical. I suppose the vision of Core did include that Bitcoin should not be a currency, diverging from the original vision of Satoshi. We are starting to see this flight away from Bitcoin now. It is not to late to still turn this around, everyone that does want Bitcoin to be a currency and scale directly should support Bitcoin Classic or Bitcoin Unlimited now.
Yes, this will destroy some of the major bitcoin companies like Bitpay and Coinbase, the biggest damage will be to people's trust and VCs pocket. |
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And when we can expect this to be resolved?
If you already expecting confirmation more than 20 h?
I'm not panicking just curious can this happen again tomorrow or some other day?
You can't expect this to be resolved. This can happen for as long as bitcoin can't handle this kind of usage, that will be for long time. The question is, will people dump en mass when realizing bitcoin doesn't scale and 7 transactions per second in summer 2017 is still shit? |
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bitcoinAliens: Last payout: 42464 satoshi was 2016-02-29 direct to your BTC wallet
Dailydoge: Last payout: 51994 satoshi was 2016-02-29 direct to your BTC wallet
Weekendbitcoin: Last payout: 37756 satoshi was 2016-02-29 direct to your BTC wallet
hey, all of these payouts do not exist in blockchain and my wallet (1F8NfAC2MVRdhZPENWNZ5E9fdUYsHd9xMZ).
Besides, why on Monday?
Admin also ignored my deleted accounts, time to drop some (un)trust feedback and move on. |
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There's no fee market, no wallet is prepared for such a thing, nor are users.
Plus there's no need for a 'fee market', we still have subsidy.
What do you mean by "we still have subsidy" ? 25 new bitcoins block reward. So you believe that a fee market would spontaneously manifest in the year 2140 when mining is done? I think a fee market would be priced in long before that moment. Unless, of course, we HF and create unlimited blocksize (and kill the infant before we even get close to 2140) We're still in adoption phase, the priority should be in scaling the technology (more transaction capacity), not creating reasons for new users not to use bitcoin. In the end "The free market will win. I just can't tell yet if it means replacing Core or Bitcoin." BTW, I don't care what happens in 2140. |
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Shady AF.
Why no VAT for silver?
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Does this means miners have slowed down? I am newbie..how do you rebroadcast a transaction?
Bitcoin can only handle something like 2 transactions per second, we have been beyond that for some time now and transactions pile up, plus, it seems someone is generating a lot of transactions, contributing for the already congested network. |
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There's no fee market, no wallet is prepared for such a thing, nor are users.
Plus there's no need for a 'fee market', we still have subsidy.
What do you mean by "we still have subsidy" ? 25 new bitcoins block reward. |
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There's no fee market, no wallet is prepared for such a thing, nor are users.
Plus there's no need for a 'fee market', we still have subsidy.
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It's been like this for weeks now, today there's double the usual unconfirmed transactions, it may be someone creating transactions just to flood the network, although it is not incredible if it's just the normal bitcoin usage.
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Never had to wait 3 days for a transaction... that's insane. If you are waiting 3 days for a transaction you are paying a shitty or just no fee, so that's you deserve if you want to go the super cheap way. If you want to be just cheap and not super cheap, pay the default fee and the transaction will be confirmed in a matter of minutes.
Paying a bigger fee doesn't magically increase block space. |
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