Coinwallet attack is causing backlog in the network and blockchain...hurting BTC

[PolarPoint]

Their attack is mild so far. I do not see lots of members asking for help during the last attack. May be users are cleverer this time, or coinwallet want to start off mild and escalate toward the end of the attack. I say we are prepared for this. They can burn their bitcoin in transaction fee or giveaway free dust amounts. They cannot bring the bitcoin network down.

[Hugroll]

I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.

oh god, are they actually going to do this for 2more weeks?. 

[marky89]

I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.

oh god, are they actually going to do this for 2more weeks?. 

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

[Hugroll]

I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.

oh god, are they actually going to do this for 2more weeks?. 

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

i didnt know about the test and sent a 0.1btc tx to my paper wallet and have no idea how to recover it.

[Hugroll]

i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

[thoth-Atlantian]

XT wannabe's doing this. Thing is it's not affecting price. why would you sell because of it? muppets cream for FUD

[Come-from-Beyond]

i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

If you send it again then you may get a double payment. The only way to do it once is to use the same input(s).

[Hugroll]

i did some googling and found that some clients just make the disappear from the pool, and ill have to send it again, is that correct?

If you send it again then you may get a double payment. The only way to do it once is to use the same input(s).

i cant send it again though, im using the ios bither app and its taken the 0.1 from my balance.

[notbatman]

They're trying to overheat my miner? Blades running at 71°F and 77°F, a 10°F jump in temperature and I'm also seeing intermittent bitcoind connectivity issues.

This feels more like an attempted denial of service attack on my computer than a test.

[notbatman]

You can see it just drops off completely for short periods, the miner doesn't like this.

[Za1n]

I think you'll be left disappointed buddy, the price seems unaffected by this bull shit (so far).

It's only few days passed, 2+ weeks ahead.

oh god, are they actually going to do this for 2more weeks?. 

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee.

[yayayo]

Just kick back and enjoy it. I'm certainly not fretting. People need to learn at some point that the fee paid in an incentive-based system is not static. If you get a transaction stuck once, it shouldn't happen again.

I agree with this sentiment. I mean the fees are already lower than anything else out there. Visa charges you indirectly via merchant fees (higher prices) around 3% to use your charge or debit card. People complaining about going from 5 cents to a dime, or even a quarter, really? The only time it would be an issue is with really small purchases, but for comparison a $5.00 charge card purchase ends up costing you $0.15 too. But a $100 cc purchase is $3.00 versus BTC's 15 or 25 cent fee.

Couldn't agree more. In my opinion for Bitcoin to stay healthy in the longterm we need a working fee market - and that means higher fees in general to mitigate spam and provide sufficient mining incentive after the block rewards have dropped.

Of course this won't be the end of small transactions. These transactions will be more efficiently (faster and cheaper) channeled through sidechains and finally settled on the main chain. That's the only reasonable way to scale Bitcoin without giving up decentralization.

I did not experience any usage problems during the spam attack yet, since I do not initiate sub-0.01-transactions and pay proper fees.

ya.ya.yo!

[mallard]

This feels more like an attempted denial of service attack on my computer than a test.

That's what it is. I don't think anybody agreed to this test.

[notbatman]

The temperature of one blade is now 85°F and bitcoind connectivity is almost completely gone.

So am I like the bad guy here? Is this why I'm being attacked?

Edit:

I've restored bitcoind connectivity by raising the minimum transaction fee to 0.0005 BTC and cooled the miner to 71°F by dropping its frequency.