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Author Topic: Is the Bitcoin Network Running Smoothly ?  (Read 1062 times)
JeffBrad12
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February 28, 2017, 07:12:10 AM
 #21

https://blockchain.info/unconfirmed-transactions (High unconfirmed transaction)
                                   v
https://blockchain.info/charts/transaction-fees (a lot of fees)

Smoothly? I don't think so.  Roll Eyes Cool

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upsidedown75
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February 28, 2017, 07:18:15 AM
Last edit: February 28, 2017, 08:53:50 AM by upsidedown75
 #22

@BitcoinOffice are you real satoshi nakamoto   Shocked

I am suspecting this not only due to tone and the way OP is talking his local time is exactly same as of user admin https://bitcointalk.org/index.php?action=profile;u=1 and satoshi https://bitcointalk.org/index.php?action=profile;u=3

Either OP is real satoshi or some guy have just created account with time zone matching to satoshi.   Roll Eyes

I can be completely wrong Grin
Will Satoshi will come and ask us whether his invention works smooth ? I do not think so.
Satoshi himself will be having all the criteria and measurements to find out and conclude about the completeness of his own work. I agree lot of enhancements were incorporated into bitcoin system  after him, but he must be capable of verifying them for this topic purposes at least.
Amph
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February 28, 2017, 07:27:38 AM
 #23

if having 100k transactions stuck in the mempool for a day or two while having to pay dollars instead of pennies in fees to get your transaction through is considered smooth, then yeah... its been freakin butter.



you can use an accelerator, the trick is to put 2/3 of the fee anyway and plus the accelerator, if you still use 10k satoshi it's obviously that you will get your tx stuck

The governments and big corporations have found the Blockchain is a magical tool to be exploted for commercial gaining while the Bitcoin they think is a threat for banks. I will soon publish the full Bitcoin Deffintion Papers to the attention of the governments and those bankers paricullarly the central bankers. Bankers have nothing to be scared of Bitcoin. Bitcoin and Blockchain are insefarable and Bitcoin is a superior financial product and service system than any other existing financial service system or product. Blockchain is gaining popularity beside Bitcoin is quite interesting but I have discovered a new methods of running unlimited transactions globally with full security and transparency. There will be no confirmation problem at all, as the new protocol will have super computational features involvement for unlimited faster confirmation. It will deffinitely assist the Bitcooin to move forward to the next stage.

not that i really think you are satoshi but...besides the tx problem which is not a real problem, solution are there just consensus is not, what other features we can except to improve bitcoin to a whole new level? automated escrow build in the client for example?

i like that the client one day will have everything, decentralized exchange, built-in escrow, explorer etc...
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February 28, 2017, 07:43:27 AM
 #24

@BitcoinOffice are you real satoshi nakamoto   Shocked

I am suspecting this not only due to tone and the way OP is talking his local time is exactly same as of user admin https://bitcointalk.org/index.php?action=profile;u=1 and satoshi https://bitcointalk.org/index.php?action=profile;u=3

Either OP is real satoshi or some guy have just created account with time zone matching to satoshi.   Roll Eyes

I can be completely wrong Grin
Will Satoshi will come and ask us whether his invention goes smooth ? I do not think so.
Satoshi himself will be having all the criteria and measurements to find out and conclude about the completeness of his own work. I agree lot of enhancements were incorporated into bitcoin system  after him, but he must be capable of verifying them for this topic purposes at least.
Im having the same thoughts too for satoshi wont really create a topic here on these days and asking how his creation going. Speaking of bitcoin and its network sometimes it goes rough because of the unnecessary events that do happen specially on spam transactions and the fees have been increased but these situation doesnt really last long and goes back to normal.

ethereumhunter
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February 28, 2017, 08:46:22 AM
 #25

in my opinion, bitcoin network is not running smoothly for now because we can see that there is many delay transaction and need to be confirmed as soon as possible but there are many transaction and this could makes the network is heavy load with much of transaction. maybe if this is fixed, then i think the bitcoin network will running smoothly and to confirmed the transaction is not waiting too long like now.

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Cassavas
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February 28, 2017, 10:21:20 AM
 #26

I personally think that it is running very smoothly. Because I have never witnessed any setbacks while using Bitcoins.
Also every day the Bitcoin keeps on improving so it will run even smoother then it already is.
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February 28, 2017, 11:48:45 AM
 #27

Ever since I joined Bitcoin I haven't seen any significant change in the function of its network except the recent delayed transaction confirmations which I know it has to do with the limited block size so I should guess it's running smoothly.
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February 28, 2017, 12:46:48 PM
 #28

in my opinion, bitcoin network is not running smoothly for now because we can see that there is many delay transaction and need to be confirmed as soon as possible but there are many transaction and this could makes the network is heavy load with much of transaction. maybe if this is fixed, then i think the bitcoin network will running smoothly and to confirmed the transaction is not waiting too long like now.
In my opinion, bitcoin's transaction would run smoothly and would requires lesser fee of faucets isn't there. The problem in blockchain is that, due to small transaction cost, miner needs to confirm it one by one, causing some transaction to be pending. However, sooner I believer faucet would not be able to send small amount of btc so that bitcoin would run smoothly.
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