spam attacks dont cost much
imagine a pool like BTCC
they create a load of transactions themselves and then only put them into their own blocks. the fee's go back to themselves.. hence cheap-free
they then cause other pools to take up the backlog of non internal spam.
How can they guarantee that only their transactions go into their blocks? What if their transactions go into other miners blocks? That represents a loss, right? I don't think this is a spam attack at all. I think this is the normal amount of transactions. The number of transactions per 24 hours has been steady at about 250,000 or so for well over a year. Because of the hashrate problems, BTC is now processing only about 200,000 transactions per 24 hours, and the rest are going into the mempool. In other words, users are acting as normal (and NOT in a spammy manner), but there are hashing problems on the bitcoin network slowing down the number of blocks. One way to cure this is for people to hold back on making transactions till the hashrate settles back down. Use litecoin or ethereum (or bitcoincash) to move money from exchange to exchange instead. |
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I think it can close this month at $4500 and close the next at $6000. I dont think it will reach 10k at the end of the year. There will be FUD in November so the price will be probably around $7000 at the end of year.
In the last couple of days bitcoin made a triple top, and it didn't manage to reach it's all time high. So it i going to pull back and take a breather and investors are going to play a wait and see game for the next few weeks while the watch what happens to the mempool and the back-and-forth game with BCH as regards the hashrate. If bitcoin can clear the mempool, I reckon investors will pile in again. If it can't they might conclude it's broken. The only way I can see the mempool clearing is if people hold off sending transactions for the time being (use litecoin or doge or ether or something to send from exchange to exchange). |
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so.. stellar airdrop insta-sends dust.. but i tried some non-dust addresses (exact same process) and the stellar website said: "Success! Your account is now funded with lumens." except i didnt receive anything.. uh.. what now? also i was watching https://stellarchain.io/ on separate comp and did not see my transactions go thru.. You need to follow the instructions on the following site: https://www.stellar.org/blog/bitcoin-claim-lumens-2/ |
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
Which country are you in? There are lots of local exchanges for example Bitcoin Indonesia which trades bitcoin directly for the rupiah which you can withdraw to your bank account. Alternatively, look for a bitcoin ATM that allows you to sell bitcoin for cash. Here is a list of bitcon atms around the world: https://coinatmradar.com/countries/ |
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You could try alts that have already survived for several years. Coins like Litecoin and Ethereum can be traded directly for fiat on most exchanges, which indicates that those exchanges think they are here to stay. And it's worth holding onto them in case they overtake bitcoin (the flippening)
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Great utilisation of the blockchain services to run a royalty program within a fast food giant. Wouldn't be surprised if more companies follow suite as it would improve their overall customer satisfaction. There would be no issues on the technical front either as it's like a local blockchain.
You are right - it is genius. According to the following article: http://fortune.com/2017/08/25/burger-king-russia-cryptocurrency-whoppercoin/The Whoppercoin launched in tandem with a new loyalty program. For each Whopper burger customers purchase, they'll receive one Whoppercoin in a special cryptocurrency wallet. While the coins’ wider use is unclear, some reports suggest that the Whoppercoin will be accepted as payment at Burger Kings across Russia. That's a genius idea for distributing coins. I bet it starts getting used for all sorts of things - it just needs local merchants to agree to accept it, and away it goes. |
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Granted bitcoin cash started as an attack on bitcoin, and also seeing that how all these shills of bitcoin cash are constantly attacking bitcoin on this forum with all their FUD, and on top of all that as we can see Antpool is pulling weird stuff these days with the blocks they mine and all the other things... i can say yeah bitcoin cash IS a threat for bitcoin.
The real reason it's a threat is because it is a sha-256 coin. Whereas most alts are scrypt coins or POS coins. There was no way ASIC miners could switch to mining say litecoin or ethereum. But it's easy for them to switch to mining bitcoincash. Bitcoincash can cope with the swings in difficulty and the way the blocks go from long intervals between them to short ones, because the big blocks mean they eat up the mempool very quickly. Bitcoin hasn't got that ability. |
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They're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin.
just blurting out stuff without thinking is easy, you can fill the internet with them too. and that is what these links you quote are doing, specially those that are on steemit which they also get paid for putting up bullshit. think about it a little, how do you use x and y instead of bitcoin? lets say i want to purchase a game from Valve (steam platform) with bitcoin, how do i use x and y instead of bitcoin? now you see how idiotic people who say use x and y instead of bitcoin sound like ?  Blocktrades, who posted that article, has a business much like shapeshift - he changes coins from one to another. He is recommending people change their coins to litecoin or ethereum (which can then be exchanged for fiat on most exchanges) because in the real world, bitcoin fees are eating up their money. Bitcoin's transaction delays are a problem too - you arn't really going to be able to buy dipsquat on Valve, if you are waiting for your transaction to clear for three days, now are you? |
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Bitcoin has never been designed to be a currency. It was designed to be the equivalent of Gold in the virtual worlds. Otherwise there would have not been mining. Fiat do mine nothing, the money is printed from thin air.
You cannot force a square to enter into a tube.
When people will realize that Bitcoin cannot replace the USD, they will turn to something more adapted.
Bitcoin will stay the gold of crypto, but if the difficulty is too high or if the miners are gone somewhere else, Bitcoin will freeze.
I think Satoshi conceived it as a payment system/currency, but it has evolved differently. I truly believe an alt will take bitcoin's place. We're already seeing coin exchangers asking people to use another alt to avoid fees. See https://steemit.com/blocktrades/@blocktrades/bitcoin-transactions-taking-longer-after-segwit-switchoverThey're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin. |
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There are two points presented here. One is that Bitcoin has already evolved from being a currency into a store of value (maybe just like the physical gold) and two that Bitcoin is not anymore practical to be used for day to day purchases (maybe because it is very volatile and hence people are becoming speculators with its value).
Any comment?
Well, this is basically true. High fees, slow confirmation time, high volatility make Bitcoin not practical for daily purpose. That's a fact (I'd say unfortunately that's a fact). Also, very few merchants accept it a payment method. It's more like gold, definetely. Part of the reason merchants don't accept it (apart from the high fees) is that it is so volatile. BTC was $1000 in Jan and it's now over $4000. And in 2014, we saw it go in the opposite direction, from $1000 to $200. It makes it hard to price things in bitcoin, because you never know what you are going to receive, you have to price in dollars, and sell any coins you receive immediately, to avoid currency risk. The volatility makes it useless as a currency. |
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Right now, it's processing transactions much faster than BTC, perhaps bitcoin is undergoing another attack for this very purpose.
Not for me it isn't. I tried mining some a while until diff refactored the profits to 25% of what they were when I started mining a few hours earlier. When it came time for Antpool to send my my payment, it sat in my Bittrex wallet confirming for at least 14 hours. I eventually stopped watching it and went to bed, when I got up, it had finally finished. Besides, what transactions? No one accepts BCH. Bitmain doesn't even accept BCH. Let that sink in a while. At least your coins got confirmed! If it was bitcoin, you'd still be waiting. The mempool is over 100,000 and I don't see how bitcoin can ever clear it: https://blockchain.info/charts/mempool-size |
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I think they get a lot of users from btc-e space, so maybe this is the point why the site is get slow now.
They just grew too fast, with too many users piling onto their site. We're seeing this with other exchanges too. Kraken has become laggy because so many people are logging in. I think the sudden surge in new users took them all by surprise. |
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It's gonna drop, just wait for it. The momentum can't and won't always go upward.
Yeah. It's made a triple top, and in the last attempt didn't even reach it's previous all time high. Which means it's likely to drop from here. |
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I think BCC's value wont last that much given after 3 week its release its price already changed much. Starting from $294 it went as low as $212 and then spike to $700. A very scary trend if you ask me. ETH will always be a good option since its price trend is going up and stays between $310-$250 range. Also, it started from $30 and climbed up to $300 which is very promising.
Ummm.... it's as "scary" as Bitcoin going from $1000 at the start of the year to $4400 now, or $3000 at the start of August to $4400 now. Its the nature of cryptocurrencies that the price moves swiftly. |
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So I got a reply from Kraken.....
Thank you for your message regarding the Stellar Lumen Giveaway.
Stellar took a snapshot at 12:12 am UTC/GMT on June 26th, as long as you had enough Bitcoin (last giveaway, the minimum was around ~0.265 XBT) in your Kraken account at this time, you should automatically receive your Lumens.
Please, note that we do not currently have an ETA for the distribution at this moment. This may be delayed until the end of the year, as noted by the Stellar Lumens team. In any case, we will follow up once we are able to start distributing the Lumens.
Let's see
Well done for getting a reply from them! Hopefully they follow through and distribute (though by then most people will have forgotten all about it). |
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I do not see any big improvements yet but the unconfirmed transactions in the mempool is growing smaller and smaller. Let us see if the small increase in transactions per block would help get those transactions faster.
The BitcoinCash people are proud that it took only 3 blocks to confirm all 37,000 transactions in their mempool.
There are over 70K unconfirmed transactions right now ( https://blockchain.info/unconfirmed-transactions) and it's keep growing up rather than diminishing. I am not sure when wallet devs launch the update for segwit as I can't find any information about it unless trezor wallet statement. Anyone here using electrum wallet and already heard about new update? Current fees still inconvenient and all we have to do is waiting. It's over 91k unconfirmed transactions. And remember, the default mempool size is 300mb ( https://github.com/bitcoin/bitcoin/blob/master/src/policy/policy.h#L32), so once that gets filled too, people will have to rebroadcast their transactions. |
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I still see the spam problem and nobody was able to explain it to me yet.
If a majority of the transactions we see at the moment are spam, and segwit needs to be activated by the user, how will segwit help to decrease the mempool?
The guys who make the spam transactions will simply not activate segwit.
Or have I missed something?
If people are paying a fee for their transactions, then it isn't spam. Spam is transactions broadcast with no fees. And that stopped a few years ago when they phased out the free transactions thing. |
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try to buy BCH.
because of it's pumping price.
try just to Hold it until the end of the 2018
. because i can sense that BCH will go 1500$-2000$
at year 2018..
so goodluck ..
I have a totally different opinion. We can see the current status of bitcoin cash. They have dumped damn badly and are now residing at $117. Under such circumstances, how can you say that bitcoin cash is going to reach dollar 2k by the end of 2018. There are maximum chances that it will dump further. Huh? Where are you getting your info? Bitcoincash is trading at $631 on Kraken right now. |
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