Blocksize needs to be increased now.

[X7]

I think Ver has mentioned he doesn't mind if bitcoin splits into two chains. He has an article on coindesk or his own site (bitcoin.com)

The market will decide. The miners. The users. The nodes.

This usually means all the big players, the big exchanges, the big payment processors, and all the online web wallets.

One thing I know, if the price goes down, good time to buy cheap coins on your choice of fork. Also the fork will cause two blockchains to be maintained so you could have double your coins for a short term.

Ok that makes sense. If he does not mind and he wants to make the market, miners, users and node maintainers decide then he should not criticize anybody if Bitcoin Unlimited or whatever fork he supports is discarded by the majority. He can campaign for his fork and try to take the power of development away from the core developers but first he should show that the developers of Bitcoin Unlimited is very competent.

Are the developers of Bitcoin Unlimited competent?

Comments like that give me a headache, a flippant statement about not caring if Bitcoin splits into two chains... while investing heavily in Ethereum and Monero leave me completely disillusioned about Ver tbh.. All I have heard come from him is what is starting to feel like concern trolling. Sad that we got here, would like to see all of it stop.

[Dabs]

Well, ... don't know if I'm talking out of nowhere or what, but I think Monero is having problems, and Ethereum ... now has two chains. He is just another user of bitcoin. If I had the money I might have invested in some altcoin too, I just wouldn't be vocal about it. Is he the Ether Jesus and Monero Jesus now too? Last I read, Jesus got nailed to a cross, but came back after 3 days.

I'm content as a normal "small" user of bitcoin to leave the blocksize at 1 MB right now. I'll let the core devs figure out a solution, we are not in a hurry and you can (and should) pay the relatively small tx fees. It's only big if you have lots of tiny transactions that need to be combined, but as I mentioned earlier, I had 3 large transactions (about 60 kb each) with about 200~300 inputs, and paid only 0.001 (which is the "standard" maximum fee, but you can override this) and they got confirmed rather quickly.

[vlight]

It can get frustrating when people have to pay $0.2 worth tx fee and still wait for like 1.5 hour to get a single BTC confirmation. This thing needs to be fixed asap.

[Lauda]

It can get frustrating when people have to pay $0.2 worth tx fee and still wait for like 1.5 hour to get a single BTC confirmation. This thing needs to be fixed asap.

What are you talking about? How about you stop making ridiculously big transactions and then blaming Bitcoin for having to pay a high fee?

The fastest and cheapest transaction fee is currently 100 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 22,600 satoshis (0.12$).

Which is actually unusually high. I was expecting 60satoshis/byte when I started writing this post.

[achow101]

Which is actually unusually high. I was expecting 60satoshis/byte when I started writing this post.

Potential (pretty much is) spam attack underway: http://statoshi.info/dashboard/db/transactions

[underhood]

Which is actually unusually high. I was expecting 60satoshis/byte when I started writing this post.

Potential (pretty much is) spam attack underway: http://statoshi.info/dashboard/db/transactions

That would be also reason for my transaction being stuck (in another thread about CEX.io, right now stuck over 6 hours) :/
From the graph you mention it seems like real "traffic jam" and what is more scary is it is getting bigger.
Would be interesting to see similar graph with avg/median transaction size as to have insight if increase is of real transactions or "dust"

[vlight]

What are you talking about? How about you stop making ridiculously big transactions and then blaming Bitcoin for having to pay a high fee?

I'm fine with paying higher fee. In fact i have it set high for the purpose that the tx will be confirmed fast. Unfortunately that wasn't the case. BTC txs are getting more and more expensive.

[AlexGR]

What are you talking about? How about you stop making ridiculously big transactions and then blaming Bitcoin for having to pay a high fee?

I'm fine with paying higher fee. In fact i have it set high for the purpose that the tx will be confirmed fast. Unfortunately that wasn't the case. BTC txs are getting more and more expensive.

If you had it high, it would confirm.

https://bitcoinfees.21.co/

[Lauda]

I'm fine with paying higher fee. In fact i have it set high for the purpose that the tx will be confirmed fast. Unfortunately that wasn't the case. BTC txs are getting more and more expensive.

A modest amount of people keep claiming this, yet I don't see anything backing it up. Surely it is more expensive than it previously was (as you could even get zero-fee TXs to confirm), however it isn't getting "more and more expensive" (sounds like a generic statement that is used in political campaigns, where we're talking about non-marginal increases). I have not noticed any significant change in my transactions (fee-wise).

[Cryptology]

48K transactions (25MB) in the backlog as of this post. Never seen it get so bad.

Bitcoin is becoming useless as money.

https://blockchain.info/unconfirmed-transactions

[Lauda]

48K transactions (25MB) in the backlog as of this post. Never seen it get so bad.

Bitcoin is becoming useless as money.

https://blockchain.info/unconfirmed-transactions

What's your point? This is just the number of unconfirmed TXs on blockchain.info's node. My mempool is around 450 MB and ~60k unconfirmed transactions (at the time of writing this post). Someone turned up the spam today.

[Cryptology]

Someone turned up the spam today.

Yeah. Some philanthropist making contributions to miners welfare.

[Lauda]

Yeah. Some philanthropist making contributions to miners welfare.

Spam up network -> complain about unconfirmed TXs -> blame Core -> blame Blockstream and so on. As you can see, a ton of posts suddenly appear on r/btc as soon as the mempool spikes. There's just a lot of ad hominem in there, supported by Ver of course.
Small bonus: 0.13.1 release is imminent, and is likely going to happen tomorrow.

[Cryptology]

Small bonus: 0.13.1 release is imminent, and is likely going to happen tomorrow.

This is good news indeed.

[hv_]

48K transactions (25MB) in the backlog as of this post. Never seen it get so bad.

Bitcoin is becoming useless as money.

https://blockchain.info/unconfirmed-transactions

What's your point? This is just the number of unconfirmed TXs on blockchain.info's node. My mempool is around 450 MB and ~60k unconfirmed transactions (at the time of writing this post). Someone turned up the spam today.

Sorry - why do you say 'spam' - how do you know ?

Why do you say 'someone' -  how do you know?


From you as a mod I'd expect a bit more quality here ...

[TransaDox]

If you had it high, it would confirm.

A.K.A. Pay to win.
I dislike this model for bitcoin, orders of magnitude than than I do for games.

[Lauda]

Sorry - why do you say 'spam' - how do you know ?

You can analyze the types of transactions, included fees and whatnot yourself.

Why do you say 'someone' -  how do you know?

That's not your concern.

From you as a mod I'd expect a bit more quality here ...

That is irrelevant and a fallacy.

[hv_]

Sorry - why do you say 'spam' - how do you know ?

You can analyze the types of transactions, included fees and whatnot yourself.

Why do you say 'someone' -  how do you know?

That's not your concern.

From you as a mod I'd expect a bit more quality here ...

That is irrelevant and a fallacy.

Thanks for answering on that.

You say 'spam' - > you or others (link?)  need to prove not me .

Same on 'someone' - have you indacation of a single one or a single Group spamming on purpose (that would imply your posting) ? - Clear that you do not Need to say a Name.

 

[Lauda]

Yeah I have done a couple of bitcoin transactions last week and I have never seen the network in such a bad shape. Waiting up to 12 hours to get one confirmation. Pretty sad state of affairs.

It was worse during the 2015 spam attack IIRC.

You say 'spam' - > you or others (link?)  need to prove not me .

No, not really. How about you prove that they aren't spam? 30k unconfirmed transactions in the 1-10 satoshis/byte range says a lot.

[hv_]

No, not really. How about you prove that they aren't spam? 30k unconfirmed transactions in the 1-10 satoshis/byte range says a lot.

Sorry I can't. I have no clear definition / qualifier to detect spam and separate from good txs.

All I know is that this type of definition / qualifier is constant over time.

Why do we have so much spam shouting just starting last few months ?

If we can identify a 'someone' or a group started this would really help here.