What will happen when blocks are being full

[blackside]

Recently the block is full of  spamming transactions (http://www.cointape.com/). This situation have been for a while . I thought it was a test, actually not. If you don't include more than minimum tx fees, you have to wait long to get your tx confirmed. At the moment we have no implementation of large blocks yet, so we have to pay extra tx fees to miners.

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[franky1]

Recently the block is full of  spamming transactions (http://www.cointape.com/). This situation have been for a while . I thought it was a test, actually not. If you don't include more than minimum tx fees, you have to wait long to get your tx confirmed. At the moment we have no implementation of large blocks yet, so we have to pay extra tx fees to miners.

what if i told you it was mining pools doing the spamming.. filling up blocks to force people to pay them more...

[Mickeyb]

well isn't this what sidechain will be also about? but in a better way than a scumbag altcoin? or you are saying that we don't need them because we have altcoin already?

Many people don't like Sidechains because they tend to be centralized and bringing profits to their owners /makers. I tend to agree with this.

It's sad to see that politics have taken over even one such project as Bitcoin. I also see that the discussion is heating up a lot again about all of this block size increase. I hope this will be solved soon, once and for all because this is not bringing us a lot of good.

[fachant]

well isn't this what sidechain will be also about? but in a better way than a scumbag altcoin? or you are saying that we don't need them because we have altcoin already?

Many people don't like Sidechains because they tend to be centralized and bringing profits to their owners /makers. I tend to agree with this.

It's sad to see that politics have taken over even one such project as Bitcoin. I also see that the discussion is heating up a lot again about all of this block size increase. I hope this will be solved soon, once and for all because this is not bringing us a lot of good.

BitcoinClassic is pushing for 2MB block size and I hope Bitcoin Core will follow suite. The bigger block size is necessary for the bitcoin to grow.

[richardsNY]

Recently the block is full of  spamming transactions (http://www.cointape.com/). This situation have been for a while . I thought it was a test, actually not. If you don't include more than minimum tx fees, you have to wait long to get your tx confirmed. At the moment we have no implementation of large blocks yet, so we have to pay extra tx fees to miners.

what if i told you it was mining pools doing the spamming.. filling up blocks to force people to pay them more...

At first people were saying it's good to include 0.0001 BTC with every transaction you send. Nowadays I see that the average transaction fee is rising and that people tend to add a fee higher than 0.0001 BTC because they want to see their transaction get confirmed. Pools are somewhat extorting the users in a soft way to get more fees. When will they get satisfied? When people pay 0.001 BTC?

[altcoinhosting]

Recently the block is full of  spamming transactions (http://www.cointape.com/). This situation have been for a while . I thought it was a test, actually not. If you don't include more than minimum tx fees, you have to wait long to get your tx confirmed. At the moment we have no implementation of large blocks yet, so we have to pay extra tx fees to miners.

what if i told you it was mining pools doing the spamming.. filling up blocks to force people to pay them more...

At first people were saying it's good to include 0.0001 BTC with every transaction you send. Nowadays I see that the average transaction fee is rising and that people tend to add a fee higher than 0.0001 BTC because they want to see their transaction get confirmed. Pools are somewhat extorting the users in a soft way to get more fees. When will they get satisfied? When people pay 0.001 BTC?

In the end, the problem will sort itself out..

Once the blocks are full for a longer time, and the queues just keep on expanding, people will be forced to add higher and higher fees to get their blocks confirmed. In the end it won't be profitable to send small amounts of BTC using the blockchain, so the volume of microtransactions will drop, making the queues shorter and lowering the fees...
It'll always end in an equilibrium.

Like the OP said, the microtransactions will probably move to LTC, DOGE, DASH,... since their blocks won't be full, so their fees will be much lower.

[richardsNY]

Recently the block is full of  spamming transactions (http://www.cointape.com/). This situation have been for a while . I thought it was a test, actually not. If you don't include more than minimum tx fees, you have to wait long to get your tx confirmed. At the moment we have no implementation of large blocks yet, so we have to pay extra tx fees to miners.

what if i told you it was mining pools doing the spamming.. filling up blocks to force people to pay them more...

At first people were saying it's good to include 0.0001 BTC with every transaction you send. Nowadays I see that the average transaction fee is rising and that people tend to add a fee higher than 0.0001 BTC because they want to see their transaction get confirmed. Pools are somewhat extorting the users in a soft way to get more fees. When will they get satisfied? When people pay 0.001 BTC?

In the end, the problem will sort itself out..

Once the blocks are full for a longer time, and the queues just keep on expanding, people will be forced to add higher and higher fees to get their blocks confirmed. In the end it won't be profitable to send small amounts of BTC using the blockchain, so the volume of microtransactions will drop, making the queues shorter and lowering the fees...
It'll always end in an equilibrium.

Like the OP said, the microtransactions will probably move to LTC, DOGE, DASH,... since their blocks won't be full, so their fees will be much lower.

That makes sense to a certain extend, but transactions in LTC, DOGE, DASH, and so on aren't accepted as widely as Bitcoin. I can't even name 1 service where you can spend these coins. I think the majority of the people will just stick with Bitcoin.

[Lauda]

Like the OP said, the microtransactions will probably move to LTC, DOGE, DASH,... since their blocks won't be full, so their fees will be much lower.

People here are very hyperbolic when it comes to the fees. It is not like they fees are going to increase tenfold over night just because blocks are full. It will take a while before more than half of the blocks mined are full. This is if we assume that nobody is doing anything in order to increase the capacity (which is obviously false).

[Kakmakr]

Like the OP said, the microtransactions will probably move to LTC, DOGE, DASH,... since their blocks won't be full, so their fees will be much lower.

People here are very hyperbolic when it comes to the fees. It is not like they fees are going to increase tenfold over night just because blocks are full. It will take a while before more than half of the blocks mined are full. This is if we assume that nobody is doing anything in order to increase the capacity (which is obviously false).

This also does not mean, that it will be the end of Bitcoin. We saw what happened last year when some unknown group flooded the network with transactions and called it a stress test. Most people just paid a slightly higher fee and their transactions went through quicker.

If this situation happens naturally without someone trying to force it to prove a point, the developers will react and a proposal will be suggested to increase the block size. This will receive consensus from the nodes and the miners more quickly, because it will influence their operations directly.

There are no urgency now, because we hardly see full capacity without these fake stress tests.

[Rizky Aditya]

http://forums.prohashing.com/viewtopic.php?f=11&t=650&p=2467

Yeah pretty much that is what is going to happen. I really hope that 1st picture doesn't happen. That would be really bad.

[Lauda]

Yeah pretty much that is what is going to happen. I really hope that 1st picture doesn't happen. That would be really bad.

You should really hope that the first picture does happen. I don't see the second one happening; the security behind other coins is not even remotely comparable to Bitcoin.

This also does not mean, that it will be the end of Bitcoin. We saw what happened last year when some unknown group flooded the network with transactions and called it a stress test. Most people just paid a slightly higher fee and their transactions went through quicker.

If this situation happens naturally without someone trying to force it to prove a point, the developers will react and a proposal will be suggested to increase the block size. This will receive consensus from the nodes and the miners more quickly, because it will influence their operations directly.

There are no urgency now, because we hardly see full capacity without these fake stress tests.

There is no urgency now and even if blocks were full this wouldn't harm Bitcoin in a way that people tend to say. They are being hyperbolic when it comes to the increase of the fees and possible damage to the network. They have no data to back up their assumptions, it is just speculation (usually). The people who were really affected by the stress test are people (mostly) who were did not include a fee at all or included a fee that was too small.