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Author Topic: Blocks are full.  (Read 14683 times)
RealBitcoin
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March 04, 2016, 11:45:16 AM
 #341


I would not be surprised if another attack occurred. However, the recommended fee is still higher than usual.

Looks like the attacker ran out of money, and probably ended up at net loss, next time they should think twice before attacking bitcoin.

The recommended fee is an average, so it needs more datapoints until it smoothens out and gets lowered.

I can now send a small transaction with 10k satoshi again so it should be ok.

The crazy cap is the reason why the network can be attacked without much money. With segwit it will be worse.

https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-394#post-13744

Is this true or is just a FUD?

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March 04, 2016, 12:40:32 PM
 #342

Is this true or is just a FUD?
Whatever you read in that forum, you shouldn't take it without a big grain of salt. I have no idea how '4 MB witness data' can be considered an 'attack vector'. They also talk about bandwidth requirements but when we mention those at 2 MB block size limit they disregard them.

Looks like the attacker ran out of money, and probably ended up at net loss, next time they should think twice before attacking bitcoin.
I doubt that; I don't think that they've spent a lot of money.

The recommended fee is an average, so it needs more datapoints until it smoothens out and gets lowered.
Let's see how many days are required before it returns to normal.


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RealBitcoin
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March 04, 2016, 09:07:35 PM
 #343


Let's see how many days are required before it returns to normal.

I can already send TX with normal fee, it must be a bug, have you seen this:

https://github.com/bitcoin/bitcoin/issues/7633

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March 08, 2016, 12:35:12 PM
 #344

Looks like not everybody agrees on the spam attack hypothesis -> http://www.newsbtc.com/2016/03/07/peter-smith-bitcoin-race-against-time/

The game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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March 08, 2016, 12:40:29 PM
 #345

Looks like not everybody agrees on the spam attack hypothesis -> http://www.newsbtc.com/2016/03/07/peter-smith-bitcoin-race-against-time/

Blockchain.info continues to embarrass itself. It has been over a year since they had to integrate a dynamic tx fee feature in their wallet and they still are lagging behind almost everyone else.  It is a good thing that all their disastrous security problems scared away many users already.
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