Makes sense, but it's risky as others say. It could be 50 minutes or 50 seconds before another pool finds a block. You could increase your chances of success by running multiple full nodes and having each full node be aware of the block being held back. The full nodes could then all broadcast your block whenever another block is discovered. With some modifications to the client on the full nodes and running a large number of full nodes all over the world, I could see this giving a miner a large advantage on the next block in the chain after they've found a block. You could further your chances of success by communicating only your nodes to other nodes when they ask for ip addresses of nodes to connect to. If all other nodes are only communicating with your nodes you can effectively denial of service and be the only miner on the network (assuming you're able to stop data you don't want from being broadcast over the network). Another possibility to increase chances of success are to use your full nodes to delay a block being broadcast to the network allowing you to start mining on the new block before other nodes are aware of it. Giving you an advantage over some other miners even if you didn't mine the last block.

Yet another reason to support master nodes that are paid for their service. There are already less than 10,000 full nodes. A nefarious actor with the backing could easily setup more than 10,000 nodes causing transaction and new block DoS.

Wow, so all of that "were better than the banks" they were using to market bitcoin for 4 years, really was, bullshit. I even remember a bunch of talk about how versatile it was, and able to change with the times, implement new features. Just more bullshit I guess. I'll start supporting and using DGB.

For $10 it should include the node. Who is charging $10/month for just the IP? That's crazy. I've never paid more than $2-$3 for additional ips and at least 1 public ip is included per node when I fire up VMs.

More transactions on top of increased block time. Once we had some bad luck and blocks went to 30-60minutes per block things got real bad (thats when it jumped to 500+sat/b.). If we had faster blocks, it would be fine, if diff readjustment happened faster, it would be fine. Since we have neither, we get 500sat/b tx fees. I really expect it to increase to 750-1000sat/b over the next 2 weeks. It's just lucky that this happened at the end of a diff adjustment period. We're only 100 or so blocks away from the next diff adjustment. It won't trend down as much as it should but it will improve a little. We'll have to wait another 2 weeks for the full correction in diff.

Thanks, txid is f229ec6a9072fc1c49d9340ffc1d3b0064a2599b6b60d9a81ef3abf3e9f8182d
 

It's not as difficult as you'd think to get 10,000 IPv4 addresses on different /16 blocks. 10,000 on different /24 is even easier. A previous response was saying that it would be 'centralized' by offering a payment for running a full node when there are already less full nodes than he thinks there are.

I never said it wasn't my fault for not paying the fee. The fees have skyrocketed in a period of hours. Even if I had placed the fee at 300 sat/b there's no guarantee it would have processed by now. There are still many unconfirmed transactions around that range. Fees went from 300sat/b to over 500sat/b in 2 hours yesterday.

I'm guessing this is due to so much hashrate switching over to BCH. Now we're stuck with very slow blocks until the next diff change. It looks like BTC lost around 20% of it's hashrate, maybe a little more, maybe a little less. If difficulty adjustments were faster this would be a non-issue.

Bank to bank with swift. Your sending bank needs to clear the transaction on swift immediately and the receiving bank needs to update your account as soon as it detects the transaction. As long as both the sender and receiver are setup this way you can do instant swift transfers. I do have another bank account here that takes 3 days or so for the swift to clear. I don't use that bank very often for obvious reasons.

Oh ya, some banks don't have their own swift access. They use an intermediary bank to process the swift and that usually happens in batches. Only big name banks are able to clear swift transactions instantly. I'm using Chase in the US and BPI in the philippines. HSBC is also a great bank to use for international wire transfers. IIRC, they offer FREE international wires for certain account / status levels. It's called HSBC premier??

..

Up to 3.5K pending transactions > 421sat/b

Something needs to be done about this, ASAP.

I can send any amount of money international for $20 -- it arrives instantly. It needs to be sent during banking hours for my source. But the destination (usually, depending on the bank) makes the funds immediately available even outside of banking hours. So I can send money at 9AM in the US and receive and use immediately at 9PM in asia. I always wire international. I have no reason to send money around inside the US. As I said, bitcoin needs to step up it's game.

The inconvenience of waiting a couple of days (over the weekend) is nothing compared to the stress and lost time dealing with this stuck transaction. I will likely stop using bitcoin for any transfers after this until something major changes.

..

And now we're over 450sat/b for txns. lol. At this rate we'll be at 1000sat/b by the end of the week. Nothing wrong here, carry on. 

Btw, something I noticed when figuring out how screwed I was.. There are less than 10,000 full bitcoin nodes already. If someone wanted to do an attack they would only need to fire up an additional 10,000 nodes to control 50% of all full nodes. They could probably do some nefarious stuff at that point. I'm sure someone has done the math to determine what percentage of nodes a nefarious actor would need to mess with the network. (Ignore transactions, Ignore new blocks, Make nodes only communicate with nefarious nodes, Publish bad data, etc)

https://bitcoinfees.21.co/

We're now up to over 400 sat/b to get a transaction in a block (It was 300 sat/b earlier today). My 118 sat/b transaction has no hope in hell of getting confirmed. I guess I'll pay btc.com $65 to 'accelerate' my transaction and then start using some other block chain to move money around.


Kidding? I pay $20 for wires of any size. If I wire $100,000 it costs $20. If I wire $1000 it costs $20. Funds are available immediately during banking hours or on the next business day outside of banking hours. Bitcoin should beat this.

No idea who you use for banking... But they're scamming you..

To create a transaction you would first need somewhere to send your coins. Since no one accepts alt coins there's no where to send them to. It has nothing to do with the fundamentals of the chain itself. Take BCH for instance, it split, now it's a new currency. The only people who support it are exchanges. They have no transactions because there's no one to transact with. Simply because something is the most dominant doesn't mean that it's the best technology. Just because something has better technology, it doesn't mean that it will become dominant. In the meantime, I'm stuck with a $8K transaction that probably won't ever process and having to figure out how to respend those inputs on a blockchain wallet (which probably isn't possible). And, if I had made my transaction for a larger fee, I would have been better off just transacting through traditional banks which defeats the entire purpose of bitcoin. It would have been CHEAPER and FASTER for me to wire the funds than to pay the larger tx fee. Cheaper because wires are only $20/pop regardless of the amount, and faster because 50 minutes between blocks.

#1) There are a ton of coins that have low block times. They do it to make fast confirmations. Who wants to wait 50 minutes for a confirmation? Or even 10?
#2) Faster difficulty readjustment periods prevent nefarious actors from pushing difficulty up and leaving the network. This creates longer transaction times as time between blocks would be higher than it should be. This would have been helpful during the BCH split. Difficulty would have readjusted in a little over 12 hours.
#3) No, The way DASH did it was to require the people to keep coins in the wallet. Anyone can setup a full node, but the number of master nodes, aka, the number of people who are able to get a payment for their node would be limited. It guarantees a minimum number of full nodes on the network. As of right now, I don't know anyone who runs a full node and your concern about nefarious actors setting up a large number of nodes is true even without master nodes. I could go setup enough master nodes just by myself, right now, to cause problems on the bitcoin network. I'm honestly surprised no one has done this yet. Master nodes will be necessary the larger bitcoin grows. It will come to a point where only exchanges and pool servers run them.
#4) UTXO commitments ? There are some not so insignificant issues with this on bitcoin though.

Can we please do something to speed up transaction time and the high transaction fees?

This is getting absurd. I just spent $10 USD to send $7500 but my fee was too low. It may take a week for my transaction to process. Who knows. I should have spent 3x that figure to get processing within 1 hour ($30). With that same fee I could have just used a wire transfer from a bank online and it would have been just as fast as bitcoin. The selling point of bitcoin is that it was supposed to be 'better' than traditional banking services. It's not.

IMO, the following things need to happen.

#1) Block time decrease from 10 minutes to 1 minute. (and decreasing reward by / 10 per block)
#2) Difficulty readjustment period from 2016 blocks to 720 blocks. (2 difficulty readjustments per day with the decrease in block time from #1)
#3) Apply a system of master nodes where there are 10,000 nodes that receive an equal split of 1% of all bitcoins generated. (Comes out to about $200/month at current USD rates, enough to pay for a dedicated server or colocation space to host the node in a good environment almost anywhere in the world.)
#4) Reduce the amount of read/writes to disk on a bitcoin full node. I stopped running a full node because it lags everything else my computer tries to do. Not because of the disk space it consumes.

We just went 50 minutes between blocks as I was writing this!

The bullshit in Mindanao has been going on since the spanish colonized the philippines. It happened under the americans. It happened under the japanese. It happened again when the americans regained control. And it's still happening to this day. I'd be willing to wager a useful body part it was going on before the spanish landed -- but very little records remain from the pre-colonial era. If It was my decision, I'd create an enclave, give them their own land, put all wall around it with armed guards on the PH side, resettle anyone who doesn't wish to live in that zone, refuse to do any trade or business with them, and shoot anyone who tries to cross the border. If anyone else inside the PH zone started clamoring for muslim rights, I'd deport them to the lawless zone. They've been terrorists for 300+ years, they're not going to decide to quit being terrorists by choice. They don't know anything else.

It's more fun in the philippines

Oplan Tokhang doesn't even happen in the expensive subdivisions. Corinthians told them to fuck off. They were supposed to come around my subdivision but we told them to fuck off as well. They're pretty much exclusively targeting poor people in the slums. Peddlers, users, etc. If you have money you're pretty much exempt. This country is fucked and being led by a drug addict.

I wish he'd fight stupidity and the retardation of the country instead.

Do you think there would be so much drug usage if they actually built infrastructure so businesses would want to come to the philippines?
Has anyone taken MRT going north from makati at 6PM on a weekday? Do you think it's acceptable?
Do you think it's acceptable that it takes hours to drive 30KM from the airport to quezon city?
Do you think there would be so much drug usage if people were actually taught critical thinking in schools instead of how to be a subservient slave?

If people don't have jobs, don't have any possible future, are unable to do anything, yes they will use drugs. Why not? It will make their shit life a little better. They have no options.

Oh, by the way, what happened to all those billions that were GIVEN to the philippines for reconstruction after the tacloban typhoon? I wonder who's swiss bank account those ended up in. It's quite obvious with the state of tacloban none of it made it there. The amount of money given was enough to build a modern city with infrastructure. Modern airport, MRTs, Roadways, proper retaining walls to prevent future flooding, etc.

And, stop complaining about corrupt politcians when you fools keep voting the same corrupt politicians in office!! Not that it really matters, even if the people posting in this thread were voted into office -- they would just become the new corrupt politician. The people are corrupt. That's why the government is corrupt.

300 years of the spanish killing anyone with an IQ above a peanut has left the country with an average IQ lower than what would be considered to be mentally retarded in any modern country.

I really can't wait to leave this shit hole and never come back. I'm taking the 2 good employees I have (out of 100+ that i've hired and fired) with me. This place would be laughable if it weren't so sad.

Now, come on! lets all go claim people are drug king pins and kill them with no evidence, no trial, etc. Just an accusation is enough, right? Fuck due process. Marijuana cures cancer? Helps with many debilitating diseases? Fuck that, who needs medicine. Kill those drugs addicts!

Come on everyone! Let's follow the drug addict president! I wonder if he's had his fentanyl today. Just wait for him to talk, if he jokes about raping women, then he's good, he's had his drugs. If he calls everyone a son of a bitch then he needs more pain patches, he's in withdraw! I can't believe people would actually follow this narcissistic piece of shit. He would be removed from office by force in any country worth a damn. Welcome to the philippines!

Explains a lot.

People pray because their brain releases dopamine when they do and it makes them feel good. They're drug addicts.

I've always been curious. So, muslim terrorists are told they get 99 virgins when they kill themselves and go to 'heaven'. What happens after they have sex with them all ? Do they get 99 new virgins? Does god reconstruct their hymen? Or are they then stuck with 99 non virgins?

Read the bible and replace every instance of god, devil, angel, etc with 'alien'. It's a very enjoyable sci-fi story then. Of course, it would be better with signourney weaver in there somewhere.

Bottom line is, religion is for people who are scared of what happens after death. Evolution is a rational attempt to explain how the universe came to be. Creationism is an irrational attempt to explain how to the universe came to be. I can't help but think that anyone who believes that some all powerful being created the ENTIRE UNIVERSE for 'just us' is an arrogant self righteous ass. I like to watch animals to understand their behaviors. Anyone who does the same will notice similarities in behavior between people and animals. We're not as self aware or high and mighty as many would have us believe.

And, if you like having imaginary friends you should convert to a polytheist religion. Why have 1 imaginary friend when you can have many!!

In the end, it doesn't really matter how we got here or why we're here. We are here. We should make it the best experience and the best world possible for everyone. But those religious nut jobs are bent on making everyone believe the same crazy whacked out shit that they do. So I guess we'll just kill each other instead!

Btw, I spent all my formative years in the church and even went to a christian school where my math problems were something like.. "If you have one baby jesus, and mary has a second baby jesus, how many baby jesuses do you have?" lol. What a waste of my life, I wish I could go back and spend all that time doing something useful instead.

Ya? Was it also a kingpin who killed Jee Ick Joo?

I'm not a filipino. My daughter is half filipino. Why is it when anyone says anything bad about the philippines they're a 'closet filipino'? People say that to me all the time. It's like admitting that you know your country is so fucked up that people don't want to be associated with it. While at the same time claiming some sort of moral superiority and high ground. That's called doublethink. It was best described in the book 1984, which was required reading for me when I was in 8th grade. Because, our education system teaches us critical thinking as opposed to blind subservience.

My favorite quote from 1984...

It's not that he was pro-filipino. He was.. But that's not the reason. The reason is; Filipinos will only do the right thing as opposed to doing what they want when they're forced to by someone pointing a gun at them. I see examples of this every day. Marcos wanted the country to advance. He built a nuclear reactor that's just been sitting there for the last 40 years doing nothing. Meanwhile, the country has the highest electrical costs in almost the entire world despite being a perfect environment for solar, wind and hydro! Meralco and others refused to buy back or credit people for their solar installations. They only started doing it when forced to. Just look at the traffic situation. Look at the Taxis. I take uber every where I go because Taxi drivers will just refuse to take you somewhere unless it's somewhere they feel like going. You have to bribe them to do their jobs. It's insanity. Look at PLDT. They kept their pricing and services the same for years until they were forced by the government to offer more. They'll do anything within their power to stay on top; they even colluded with globe to prevent to the Telstra deal and they bought that wavespace. There was a datacenter in Pasig called IP Converge. They were the best and lowest cost datacenter in the entire country. I know one of the founders personally; he's an american who does business with some of the same people I do business with. PLDT paid 3x more than the company was worth just to prevent competition against their Vitro datacenter. Look at the traffic. The reason the traffic is so bad is because everyone on the road is the most important person in the world. They'll drop off and pick up passengers 3 lanes deep. The private vehicles will ride in 2 different lanes at the same time, use no turn signals, they'll cut people off. People who pull out into the middle of an intersection and prevent movement of traffic in either direction. You have tricycles that drive on main highways / roads causing traffic. I always see a lot of Tricycles on commonwealth.

It's that the society teaches no mututal respect for other humans. Filipinos look at me like I'm an alien. I'll walk 1KM to the nearest 7/11 instead of taking a tricycle. They'll stare at me like 'omg hes so rich why is he walking?'. When I do things like pick up trash off the ground I get stares too. But I can't imagine what they're thinking. People talk shit to my wife because she's married to a foreigner (she is older than I am, I'm 35 she's 38 and well educated -- not some random bar girl like most of these old fat foreigners with 18 year old wives). In my mind, I'm thinking, what the fuck is wrong with these people, why aren't THEY doing this?

Everyone I talk to who does business here always says, Do not do business deals that include 2 filipinos or they will fuck you out of the deal. I have stories from a dozen people who have bad experiences with business deals in the philippines. They all fuck over everyone whenever they can to get what they want. And, to them, this is acceptable. It's not even limited to poor filipinos. Rich filipinos are just as bad. It's the culture that's the problem. If filipinos had the mentality of chinese, japenese, koreans, singaporeans, etc. Then the country would be the crown jewel of asia. As of right now people consider the philippines a bad joke, laughable, and something to be ignored. I tell everyone I talk to do not come here. But It's too late for me. I got sucked in by all the lies and propaganda on the internet. If I could turn back time, I would have gone to singapore or hong kong instead.

The worst part of all of this? Filipinos have an opportunity that NO ONE ELSE IN THE WORLD HAS. There are AMAZING business opportunities in this country for filipinos because of the protectionist nature of the laws and regulations. You can start businesses that I cannot; or would require me to have a filipino business partner... which I will never have because I could never trust them... If you were to use your fucking brain instead of just accepting status quo you could see the areas of society that could be greatly improved by business who are better.

You want to know what I think when I want to start a business? Can I do it twice as good for half the price of the competition? I've only met 1 or 2 filipinos in my 10 years here that actually have what it takes to be successful not only here in the philippines but with their ventures globally. They have this mindset; How can I do it better?

Fuck, if this country were to legalize marijuana it would be the Amsterdam of Asia and the tourists would increase 10x at least. Problem is, someone would need to teach these fools what marijuana looks like. You're not supposed to smoke leaves, seeds and stems. You're not even supposed to have seeds in weed! But, hey, I understand, It's so much effort to identify and cut down the male plants. Might as well just drink some redbull and watch them grow. Bahala na.

"Bahala na" epitomizes everything that is wrong with this country. This is the only country I've ever been to (and I've been to a lot of countries) where people have had this belief. They think that they don't need to do anything because everything that happens is as a result of god's will. 400 years of slavery and subservience has turned the people of this country into slaves. They'll only act properly when there's a slavemaster with his whip. I don't even believe in god and even I know that "GOD HELPS THOSE THAT HELP THEMSELVES".

Using game theory to describe the philippines. Everyone in the country does what's best for themselves. As a result of doing what's best for themselves they do themselves a disservice. An example of this is the traffic. Everyone tries to cut in and force their way into traffic because they're doing what's best for themselves. As a result of that, they cause more traffic, and slow down their own travel time. By not following a set of rules agreed upon by all (the driving laws, and common decency for driving); they cause, and compound the traffic which they themselves are sitting in. This is what I'm trying to say when I talk about mutual respect, common decency, etc. Like, this is exactly what was presented by John Nash. Watch the movie 'a beautiful mind'.

Another example is my neighbors. When my daughter was 6 months old, they would play loud music to the point it rattled the windows of my house, ALL NIGHT. Mind you, I live in a private executive guarded subdivision. When I complained to them about it they would LAUGH IN MY FUCKING FACE. Then, they had a baby. Now all of a sudden, they need quiet, everyone should be quiet for them. Tough shit, Payback time, guess who's playing loud music at 2AM intentionally just to fuck with them now? Payback is a bitch.

This country will always be a shit hole until the culture and mindset of the filipinos changes. The government will always be corrupt as long as filipinos are corrupt. Find some fucking scruples. Until that happens, this country will only progress with a dictator in charge. Marcos was just a dictator. Duterte is mentally ill and dangerous.

Honestly, you won't understand what I'm saying unless you've been outside of the philippines for a considerable period of time. Even then, you'll make incorrect associations with regards to causality.... False causality fallacy. Even your reply above has false causality fallacy. Like 3 of your 8 sentences in your reply to me contain false causality (the other 5 were attempts to subvert my words and prop up your own beliefs with ad hominem attacks). You don't make the correct associations between cause and effect.

http://lmgtfy.com/?q=duterte+rape+joke
^ Apparently there's a new rape "joke" that he made that I wasn't even aware of. Because rape is so funny.
http://lmgtfy.com/?q=duterte+throws+man+from+helicopter
http://lmgtfy.com/?q=duterte+hidden+wealth
http://lmgtfy.com/?q=duterte+misogynist
http://lmgtfy.com/?q=duterte+is+a+drug+addict
^ Fentanyl is like the most hardcore drug in the world. It's more addicting and dangerous than shabu. It causes personality disorders / shifts and issues. This is the same stuff my cousin took. It altered his personality and he became an apathetic jackass just like duterte.
http://lmgtfy.com/?q=duterte+tells+soldiers+they+can+rape+women

He's made attacks against Leni for her looks even though her dead husband is the one who compiled the list of people he's now executing for drugs. He's personally attacked her appearance on several occasions. It's quite obvious he has absolutely zero respect for women. I have to wonder if he thinks they're just there for his own pleasure.

He made comments to a wedding ceremony that he would consummate with the wife. That was before he was even elected. Wasn't able to find the link, but I saw the video on youtube and heard his own words.

Just watch his press conferences online. All he does is make terrible fucking jokes and belittle everyone around him. He's narcissistic.. Thinking he's god's gift to man.. Here's a few links to news reports talking about a psychological profile that was done on him.. He's impulsive, selfish, conceited, narcissistic, and more than likely a psychopath or sociopath as he has little to no regard for anyone else.
http://www.independent.co.uk/news/world/asia/philippines-president-rodrigo-duterte-mental-health-psychological-condition-a7355891.html
http://news.abs-cbn.com/halalan2016/focus/04/19/16/understanding-duterte-what-a-psych-report-says
http://www.manilatimes.net/davao-mayor-is-anti-social-narcissistic-psych-report/257323/
http://www.tribune.net.ph/headlines/2000-psych-report-du30-a-mental-case

This report is backed up by the things he says and does. It's quite obvious that the report is spot on. The guy is incredibly dangerous. This country needs a dictator as I've said previously. But, this guy is pure evil. As I said in my first post. I was pro-duterte until I dug a little deeper and listened to his own words. About 1-2 months before the election I did a 180 and started showing everyone I knew how fucking terrible the guy was. Unfortunately, it was too late. Everyone bought in to the propaganda.

If you want to kill all the drug addicts, just legalize the drugs. Legalization has always caused a decrease in consumption. All of these meth addicts will overdose and kill themselves. Problem solved, darwin awards distributed. Marijuana legalization in america has caused a decrease in marijuana usage. Personally, I smoke for medical reasons. I have some sort of genetic dopamine imbalance with my brain. The closest thing I could characterize it to is novelty seeking personality disorder. It may also be as a result of early onset parkinson's disease -- but my symptoms aren't bad enough to be declared to have parkinson's.... yet.. (Even though multiple family members of mine have parkinsons) Anyway, they would normally give me ritalin (a close cousin to methamphetamine) to control this (which causes an increase in dopamine in the brain). But it doesn't work on me. It makes it worse. The only other thing I've found that works is levodopa/carbidopa compounds (which are a treatment for parkinsons). Taking the Ldopa gives me auditory and visual hallucinations along with intense migraines. The thing that works best for me with the least amount of sideeffects is marijuana. THC is a gaba inhibitor and blocking the release of gaba prevents the reuptake of dopamine that is naturally produced in my brain. There are some side effects, but they're considerably less than any other treatment out there. When I go back to the USA I'm going to get my hands on some 'charolette's web' which is a strain of marijuana that has reduced THC and increased CBD. I'm curious if this strain which should produce little or no 'high' will also correct the imbalance.