chartbuddy is delaying for at least 3 minutes.
could anyone guess about the price of bitcoin? i wanna know if i should buy more or sell them. i am running out of idea on investing just in bitcoin.
you have delayed more than 6 minutes. is the clock of the automated posting gone wrong?
btw seems that the people in US is in the rest.
I think some of the stuff I've been doing has been hammering bitcoind quite hard and probably causing delays in processing. |
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He's basically claiming that if the blocks ever fill up, then Bitcoin has failed. I have always suspected this guy is a clueless zombie. Quite the opposite, filled up blocks is not a failure but success! Economy is always about supply and demand. Success of a product or service you are offering is measured by how much demand is surpassing supply. Which is why businesses which are experiencing increased sales do not move to larger premises or take on more employees. Got to keep that supply down... |
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Not sure what you mean here... The mempool is, by definition, the set of transactions a node has received and validated, but have not yet been included in a block, right?
Maybe I am missing some context or something?
Correct. But between when a block has been mined and when it has been transferred and processed, other miners do not know which transactions in their mempool were included in that block and thus do not know which transactions are safe to start mining on. So they mine empty while they're waiting because you don't want that hashpower sitting idle and the block reward is pretty tempting on its own. If you look at the timings, most empty blocks come very quickly after the previous blocks for this reason. |
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its all about the probability of an orphan block. if we could minimize that probability it would be a big step in the right direction. maybe we should diminish the advantage of 0 tx blocks by making all blocks equally large no matter how much real TXs are in there. so every block would have the same disadvantage of a full block no matter if those are TXs or just some clutter to fill up the 1MB or 2MB
The reason there are one transaction blocks is that the miners don't know which transactions which are in the mempool are valid. The minute you add a minimum requirement, miners will just fill it with dummy transactions they know to be valid but are not in the mempool. You gain nothing but waste space. |
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sometimes miners don't fill up blocks despite plenty of tx waiting to be included. So not all available tx capacity is actually used by all miners.
This is a good point. I wouldn't want to add it into this thread but I may add a link to CB to be able to do some rudimentary analysis of the mempool (unless there's a page out there that does that already?) |
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Yeah seems like blocks are full only from time to time, it's not a global phenomenon. So we won't see a problem in transaction yet!
OTOH, there were an extra four blocks that hour. We definitely aren't full yet though. But are we supposed to wait until it's a crisis before we do anything? |
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big blockers seem too well acquainted with random bad luck ... or maybe they are just losers who don't know squat?
Weak. Try harder. yawn .. you guys are just a bunch of jealous blowhards who've never actually produced anything, except lots of noise and fanboy hero worship for the Gav and Hearn the huckster. same old, same here it seems ... why bother dropping in to listen to broken record troll-hards? Nope. I guess you just don't have it in you. |
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big blockers seem too well acquainted with random bad luck ... or maybe they are just losers who don't know squat?
Weak. Try harder. |
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I admire the flexibility of the scripts-in-a-transaction scheme, but my evil little mind immediately starts to think of ways I might abuse it. I could encode all sorts of interesting information in the TxOut script, and if non-hacked clients validated-and-then-ignored those transactions it would be a useful covert broadcast communication channel.
Sounds like a soft fork to me. Which I am assured by core is 100% safe, no worries. |
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Why blocks are full today which is not normal !
Is there some kind of small transaction attack and someone wants to prove that block size is small now !!
#of transactions is increasing and random chance has led to fewer blocks being found recently (even with hashrate increasing) in some hours. The 100% hour only had 4 blocks and some hours have seen only two blocks. This is another reason to raise the block size limit. It's not just headspace, it's space against random bad luck as well. |
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Why giving the info of how much blocks are filled? I don't really understand the impact and the point of such information? And I absolutely don't see the link with bitcoin trading though it's probably because of my ignorance  Meh, it started out as just the count of blocks until the next halving (which is likely to affect trading) but once you're generating images and hooking into bitcoind with RPC, it becomes easy to add other stuff that's tangentially interesting. Arguably, if the blocks become full on an ongoing basis, that is likely to affect price also as transactions back up and fail to be confirmed without unknowable and steep increases in fees. |
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This one, chartbuddy will most likely get updated to show those blocks if Bitcoin Classic starts getting anywhere. Chartbuddy already shows how full the blocks are, and showing the percentage of Bitcoin Classic blocks isn't much different.
Hmm. Good idea. |
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The furor on reddit over whether Peter Todd has broken laws with his double spend through RBF, and the calls for Coinbase to pursue a legal case against him are hilarious. Which is the better approach for a cutting edge digital currency - - Fraud (double spend) protected by the existing legal structure (no different from laws trying to prevent various forms of credit card fraud, or)
- Accepting that zero-conf transactions on main bitcoin layer have risk, and working on technical workarounds to truly solve that issue for people who want to accept zero-conf without risk
Why not both? |
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If I'd been Satoshi I would've left the development in the tentacles of genetically engineered squid or a secret AI. These humans shit all over everything.
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I'll be blunt: I think Luke Dashjr fits the definition of a poisonous person, and I think Bitcoin would be better without him. At the very least, we wouldn't be creating two BIPs for every technical issue, one for Luke and one for the rest of us (see BIP 16/17, and now we have BIP 20/21, too).   |
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He's run out of the HD floppies and started in on the DDs. |
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Thanks for your support (Ricky_T)! Please accept this complimentary copy of the Oregon Trail, courtesy of the Minnesota Educational Computing Consortium. Assume the role of a wagon leader guiding his party of settlers from Independence, Missouri, to Oregon's Willamette Valley!  Side 2? That would be a 5 1/4" floppy. What am I, some kind of animal? |
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Sorry I vandalize ChartBuddy the way I do. I'm a cheap prop comic.  Gotta confess, the first one put my nose a little out of joint because I took it the wrong way but I've had a chuckle out of many since and have even done one myself, I believe. Now you have me wondering what you could do with the widget. |
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I would like to send out my heartfelt thanks to Blockstream. There's not many people watching out for those of us who receive our blocks on floppy disks. If we went to 2MB blocks, my post office bill could double and floppies are getting hard to find these days too.
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Yes! They do what they must because they can. |
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