No need for alts.
this is how bitcoin consensus works.

Chaos leads to sudden consensus.
wont be much longer now.

Post your tx id.

Recommended fee keeps changing. (though the trend is spiking upward)
So what you should have used, and what you should use next time are likely different.

https://bitcoinfees.21.co/ may give you a better understanding.
(and matts chart now/soon!)

No it doesn't.

Paul has been waiting 7 hours already.
There have been 4 blocks in the last hour.

Your fee was about 15 sat/byte. Not nearly enough in the new dynamic Core fee market world.
Expect a very long delay. (already waited 7 hours?)

OP "There will simply be no opportunity for miners to clear the mempool when blocks are full if people don't stop using bitcoin.
If panic tx'ing ever set in, gridlock could easily turn to total overwhelm of network. (it will quickly turn into that anyway)
When the above starts happening, in a week or two, It will very quickly become chaos."

Ok, I was weeks out, but here comes that Chaos.
I don't think many realise how quickly this will now escalate.

I still wonder, do Core have a Bail out plan? (just in case i'm right)

Best case, segwit will not have any effect on block space for at least (many?) months. (please enlighten me Greg)
No Core block increase for at least a year. (ditto)

We are about to experience Cores dynamic fee market.
I reckon not many people are going to like this.
Core will lose trust.

The chaos wont destroy Bitcoin. (it will only be temporary)
I may destroy Core.

Out of the chaos will come sudden consensus.

Oh, well Core claim it a proper solution. (it's called a dynamic fee market)

So how can fees be off topic here.
We need to know about fees, so as to know if "bitcoin being slow" was user error.

Anyone not "Just paying a higher fee" is at fault "for bitcoin being slow", according to Core.
This is the Core roadmap.
Bitcoin will be slow for user not "Just paying a higher fee".
Indeed, "Just paying a higher fee" is the only solution, bar a block size increase.

Thanks. How hard to understand that can that be?

And to think this was "planned" by Core. This is Cores dynamic fee market. It is not some f*** up!
And it will get worse and worse every day, until segwit is rushed out.

More likely, with the ensuing loss of faith in Core, a sudden hard fork to bigger blocks.
(For the median transaction size of 333 bytes, this results in a fee of 26,640 satoshis (0.17$).

Thanks Lauda.

Excellent news. Keep up the good work!  


Matt, I tried this before, but, I'll try again.
It looks to me that your chart does not include 50 sat/byte in the >= 50 sat/byte group. I think it is 51 sat/byte and over.
(comparing to bitcoinfees21)

Could you double check for me?
Thanks  

ps. don't think the bug is fixed!

Oh, I see your depth of knowledge on the subject now.
Thanks for contributing.

Ok, you were saying it was pereiras bad, like I said.


Average block time is not the same as average transaction time.
Unless you exclude all transactions that take longer than 10 minutes you say?


You really mean if you pay a high enough fee to be included into the next block, the average comfirmation time would be 10 minutes?
Not the same thing
("we", who else is giving this false info, other staff?)


I agree. So why are staff telling users to do this?


And I agree. (that the fee was to low to get into a "core restricted" 1mb block)
So why are staff telling people to use a low fee and hope for the best?

Such bad advice on fees from staff here.


"almost guaranteed". In the past , yes. Now and in the near future, probably not.
And if it is not, then your transaction is stuck for as long as it takes.
This is exactly the sort of fee Lauda calls spam. (or at least tells people it is not a high enough fee, in most cases)
Fine if you don't mind waiting it out.


Most coins of course will not have this high priority rating.
Free transactions are (usually) spam. (ask Lauda)
Most free transactions will not get broadcast, or will be dropped from the mempool in a few days.

Anyone using Dabs advise will run into delays.
And Lauda will tell you it is your own fault for not paying correct fees.

You are a complete idiot.

Aw crap. Another staff member talking bollocks!

"If you pay more than the minimum, or higher than the average or estimate, then you will get a higher probability of your transaction being confirmed sooner."
Wow what a plan. Dont tell every one though or..

"If the average tx with proper fee exceeds the block limit, the estimate moves higher."
Leaving all the previous high fee payers stuck in the mempool.

Oh well "it's still less than a dollar equivalent."  until...

"the estimate moves higher." Doh!

Correct. Exactly what happened yesterday.

That is exactly what I was trying to tell pereira. It was his bad not mine.


Duh. Your statement is not relevant to what I asked pereira here.
I doubt that irrelevant comment is even true. Link please?
Blocks take 10 minute on average to find.

You can adjust the fees manually before broadcasting to try to outbid others trying to transact.
You can find "recommended" fees here, https://bitcoinfees.21.co/
(with any luck, you wont mess up and send all your bitcoins to the miner by mistake)
Or use rbf and keep upping the fee as required.
Neither is a realistic option for the average user.

In the battle for scarce (1mb) block space, your fee was (assuming you did pay a "recommended" fee) superseded by higher "recommended" fees.
If more than a few thousand transactions are paying the same fee as you, a higher "recommended" fee will be put in place.
You are now less prioritised than any new transaction with the higher "recommended" fee.
If there become lots of higher fee transactions in the mempool, (maybe a block is not found for a while) you will be pushed down the priority queue.

Not much else to do, this is cores planned fee market in operation.
Completely unworkable BS about to unravel.

One of my explanations of why your fee was possibly not enough for fast confirmation.
https://bitcointalk.org/index.php?topic=1511347.msg15218943#msg15218943

And the worst performing currency in 2014...  Bitcoin!

Transaction is instantaneously broadcast, but may never confirm.
Therefore, worthless.

Why would credit card users complain about that 180 days?
Their contract is immediate and goods are received.

Are you saying bitcoin is ok, in comparison, if confirmation takes less than 180 days?