Segwit is just a first aid to this problem, Segwit is not really the solution. They must think of the new way and it must be really fast.
This is the main problem of bitcoin that must be answered. If these is not answered fast then there will come a time that problems will be more and more complicating emerging from the past problems.
That is what the people from Bitcoin Unlimited will tell you. The real solution is for Bitcoin to have a scalable network working on top of it. Bitcoin itself will still be useful as a settlement layer. Please also be aware that politics and the quest for control is a key factor on why many do not want to activate Segwit. Didn't we stumpled upon Bitcoin to get away from intermediate layers? Those additional layers tend to held open their hands for some feeees. That nickle'n'dime concept. No. I became interested in Bitcoin because it is a decentralized, censorship resistant, value transfer network. I do not know what you mean about intermediate layers but the Lightning Network can be seen as a leverage against the greedy miners. A successfull cyber currency could handle bazillions of transfers for nuthin'
Everything below that line isn't exactly a revolution. Bitcoin has to change, to reach these promises.
For a Legendary you still have not realized how inefficient and slow consensus is in Bitcoin. Before you say something stupid like "bazillions of transfers for nuthin" you should realize what you need for that is a centralized service. |
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If things happen in the opposite manner we'll experience a dump to the maximum of $600.
Can be dump to $890 - $930 Bored people who make it their hobby to trade Bitcoin read a lot of books about technical analysis and do all the elaborate charts that does not really predict anything.
 Really? I disagreeWhat I mean is the amateur traders who can make elaborate, nice looking charts but in reality they are usually the breakeven or losing traders. I know making some Bitcoins from trading is nice. But most of the amateur traders in the forum are generally looking more for validation. |
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Here is the most ironic part. None of us who declare which side we are in the scalability debate really care as long as the price of Bitcoin remains near the all time high. If someone were to crash the price of Bitcoins below $500 then we will see real hell in this forum and we will start pointing fingers on why or who is to blame.
Help us Mircea Popescu, you are our only hope.
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i wonder how to make the chart like this because i don't know how to do it. but if this is really happen, then the chances to getting down its really big and we can see the price is down to deep, it will make many people getting panic especially in the market, people will sell their bitcoin as soon as they can because they don't want to get loss and they can make invest with low price in that time. Bored people who make it their hobby to trade Bitcoin read a lot of books about technical analysis and do all the elaborate charts that does not really predict anything. While the real professionals are very quiet about what they are really doing and yet the are the individuals who are making the real money by trading. Most of the time the hobbyists are mostly looking for validation in their lives. |
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...
As I write there is another huge number of transactions in limbo.
Time to solve this problem, guys (lead developers). Shape-up and fix this.
I grow somewhat disenchanted w/ BTC, even w/ paying higher fee (when I can) or w/ acceleration.
They already have a solution. It is called Segwit. Thanks to politics and self interests of the people on top of the food chain it will never be activated. What you should be doing is tell the miners to shape up and make a move. Segwit or Bitcoin Unlimited? It is time to make their pick. Maybe they have other plans and will drag this stale mate for years. They must think of the new way and it must be really fast. This is the main problem of bitcoin that must be answered. If these is not answered fast then there will come a time that problems will be more and more complicating emerging from the past problems. That is what the people from Bitcoin Unlimited will tell you. The real solution is for Bitcoin to have a scalable network working on top of it. Bitcoin itself will still be useful as a settlement layer. Please also be aware that politics and the quest for control is a key factor on why many do not want to activate Segwit. |
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I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.
You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it. But regardless, I really do believe we have to do something about the fees and the speed of the transactions. The problem only gets worse and the fees gets more expensive. That's a concern we all have to do something about. No. You cannot admit that you are wrong. The flooding of the mem pool is an abnormal incident. The total transactions and users of Bitcoin did not increase very much for something like it to happen. There is someone spamming the network and he is willing to pay millions in fees to do it over and over again just to try to put the Core developers on its knees. What the spammer fails to understand is Core will never ever give up on Bitcoin. |
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At the current exchange rate, the transaction fee is not very high. But ideally, we should aim for more users, more transactions per day, and a moderate increase in the revenue for the miners. But that is not going to happen if the miners get too greedy. IMO, they should sacrifice some of their revenue now, so that they will get good returns after a few years.
That is one of the points of the argument. The miners will have their greed controlled if Segwit is activated more than if a hard fork to Bitcoin Unlimited happens. Who knows what they will do if they have more control in choosing the sizes of the blocks. |
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I would be interested in what they were offering.
Its a gamble with an upside since you may only get back a portion of what is promised but you have the upside of grabbing some cheap bitcoin,
which is a commodity that may increase in value over time.
Read all of the OP. It is clear that you did not read the whole post and you are blindly posting anything. The hedge funds are offering 15% of the value of the claims. That is very low. Clearly the hedge funds know that they might do better in speeding up the processing of the claims. They are not stupid. They always go for the sure thing. So the 15% offer is a scam. |
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I agree with the OP. It is time to unite as one and let our voices be heard in support of Segwit and later an implementation of a network built on top of Bitcoin for offchain transactions. The OP may have a different view of how scalability can be acheived but the aim and sincerity is the same. We want Bitcoin to be better.
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I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.
You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it. |
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Because the core team are selfish greedy pigs and think you are stupid as they try to ram their agenda down your throat instead of simply increasing the block size.
Their intentions are very questionable. There is a chance that they are trying to obstruct the popular adoption of Bitcoin by arguing against the Block size increase. In future, if the Block size remains at 1 MB, then there will be huge delays in confirming the transactions. So obviously people will dump Bitcoin and move to some other crypto-currency. Perhaps that is what these people want. Too much talk and very few to no action. Why not fork Bitcoin away from the Core developers if you all are so sure of their evil intentions. Remember the other side is also playing the same game. Between the 2, I will go with the lesser evil. Going with Core is also the safer choice. But go ahead, do the hard fork to Bitcoin Unlimited. I almost want to see it happen so that the people against it make their point. |
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Even if OP has been saying the same thing since 2009, I happen to agree with him--at least somewhat. We have been rising very fast, and it may just be speculation based on the ETF coming out. Who knows. But if anyone sold at $1200, that would be completely understandable. You never know where the top is going to be in the market, but taking a profit when you have one is never a bad thing.
If you are playing the market by going in and out of Bitcoin then it is ok. But if you are selling, believing and claiming that Bitcoin will crash then never have a chance to go up again because "reasons" then you are wrong. It has inly started scratching the surface. There are more good developments to come. |
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Hi Yahoo. Is reserving a Sr. Member spot allowed? The Bitsane campaign will end next week and I will like to transfer here.
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Is there an increase in trading volume compared to 8 to 12 weeks ago? If there is none then I would strongly suggest giving incentives to market makers to start trading in your site. A good incentive for them is to give special discounts of the fees incurred since they start the trades and make the exchange liquid. That will be one way to make Bitsane an attractive choice for trading.
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Most journalists are corrupt and can be bought. That is why politicians love using them because all they care about is the love they have for money. Do all of you think there is still the responsible journalism that was practiced long ago? It is gone. It is all about who can pay for their services the highest.
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That is a compelling argument. So what are you saying? This constant barrage of spamming in the network is being caused by someone who has a profit motive instead of a political motive?
The spammer does spend a lot in fees by slowing down the transaction confirmations. Maybe it could be true but who would be doing this? He or they are risking so much here.
Just a thought, I may be awfully wrong, but still: What if there is a spam, made by some bigger miners? Meaning OK, they will pay quite some money for the tx fees, but a big chunk of that money returns to them when they find the blocks. And they get quite some extra from the other users of the network, I don't know if it's some profit or just cover the expenses (since there are other miners too, which cash in those fees). And then they can argue about block size or other such politics.... As I said, it's just a thought, please don't throw stones on me... If there was a profit angle found by the miners by spamming the network then they will surely take advantage of this. Not do they only get profit but they also get the leverage on the Core developers because they could threaten to to flood the mem pool anytime. We need another layer on top of Bitcoin for transactions off the chain. That might neutralize that leverage. |
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hey guys, he was just trolling... but don't let that stop you from trying to tell him how wrong he is Just kiding guys  Currently celebrating ATH. Cheers. That shows that he is only a spectator and does not hold a large stake big enough to make him keep quiet or maybe he is trolling because he has nothing else to do. The thing I find funny about people like these are they hold less than 1 Bitcoin and they think they can scare everyone and cause panic by starting a thread. |
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We are looking at close to 100,000 unconfirmed at this point, these are crazy numbers!
With the price of bitcoin rising we are seeing the amount of unconfirmed transaction piling up at the moment i think this is the worst thing that is with bitcoin. The core developers are not making any changes with the increased usage and if it continues like this it will hurt bitcoin without any doubt.Please stop posting in the forum then search for the threads about the scaling debate of Bitcoin. For your information the Core developers have released an upgrade with Segwit that allows more transactions to be allowed in a block. But for this to happen the miners must upgrade to v 0.13.2 to activate Segwit. It is now in the miners hands and not the Core developers. |
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Been using LBC for about 6 months and everytime I funded my account there, it took no longer than 30 minutes. But this time two of my incoming transactions are pending for more than 36 hours now. At first it said confirmed in 3 hours, then later changed to 20 minutes, then 30 minutes then 20 minutes again and now its displaying 30 minutes.
Anyone got any idea what's going on and why it has taken almost two days and still not confirmed?
The mem pool is flooded by what apparently are spam transactions being performed by somebody who has either a political motive or a financial profit motive. Nobody knows who the spammer or spammers are but by looking around the forum some are pointing at the Bitcoin Unlimited people causing it. This will go on and on for a while so better get used to it. |
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What about Bitcoin 2.0 ? I mean tons of new fintech unsing the Bitcoin blockchain for implementing new services and new ways of doing things.. Imo THIS is the real revolution that gives value to BTC (fiat value/adoption/replacing old tech). I will still be a BTC node, whatever diskspace it may cost me, and I know it's not true for everyone.
IMO, Bitcoin is a revolution as big as the event of the Internet, and I trust the community, especially those not doing it for profit, to lead BTC.Have a nice life everyone ! p.s. I'm not really aware about SegWit or BU.. I left BTC news/reading for about 2 years for now.. I still often buy some with extra money  It is hard to believe you are not aware of what is going on with the present issues concerning Segwit and Bitcoin Unlimited. As a Bitcoin node operator and a supporter you should make it your responsibility to have your say. You are an active part of the network. Now that you are aware, are you for Segwit or BU? |
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