Bitcoin Forum
May 12, 2024, 10:23:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-03-04] Bitcoin payments around the world are failing ...  (Read 546 times)
LiteCoinGuy (OP)
Legendary
*
Offline Offline

Activity: 1148
Merit: 1010


In Satoshi I Trust


View Profile WWW
March 04, 2016, 06:45:21 AM
 #1

Bitcoin payments around the world are failing as the platform is overwhelmed

Bitcoin payments are failing around the world as the digital currency platform that supports it struggles to cope with a surge in demand, according to Re/code.

http://www.businessinsider.my/bitcoin-is-collapsing-and-payments-around-the-world-are-failing-2016-3/


even when i disagree with the headline everyone must admit that, gavin and co were right when they started the discussion about blocksize 2 years ago.
with 2 MB blocks we wouldnt have this press and "stuck" transactions. we would have time to build out layer 2 without stress.

1715509404
Hero Member
*
Offline Offline

Posts: 1715509404

View Profile Personal Message (Offline)

Ignore
1715509404
Reply with quote  #2

1715509404
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715509404
Hero Member
*
Offline Offline

Posts: 1715509404

View Profile Personal Message (Offline)

Ignore
1715509404
Reply with quote  #2

1715509404
Report to moderator
1715509404
Hero Member
*
Offline Offline

Posts: 1715509404

View Profile Personal Message (Offline)

Ignore
1715509404
Reply with quote  #2

1715509404
Report to moderator
1715509404
Hero Member
*
Offline Offline

Posts: 1715509404

View Profile Personal Message (Offline)

Ignore
1715509404
Reply with quote  #2

1715509404
Report to moderator
Minecache
Legendary
*
Offline Offline

Activity: 2198
Merit: 1024


Vave.com - Crypto Casino


View Profile
March 04, 2016, 07:41:57 AM
 #2

To be honest is there any point in only moving to 2 mb when we will end up hearing the same old bitchfest in a couple of years time about moving to 3 mb.

Denker
Legendary
*
Offline Offline

Activity: 1442
Merit: 1014


View Profile
March 04, 2016, 09:45:14 AM
 #3

To be honest is there any point in only moving to 2 mb when we will end up hearing the same old bitchfest in a couple of years time about moving to 3 mb.

That's the whole desaster why only increasing the blocksize again and again will not work.
But many people don't want to realize this it seems.They are like sheep following the ones who shouts loudest to increase Blocksize NOW!
To scale properly, safe and without losing decentralization in terms of being able to run nodes from your home, without losing censorship resistance and monetary sovereignty, other layers on top of Bitcoin are desperately needed and inevitable.
LiteCoinGuy (OP)
Legendary
*
Offline Offline

Activity: 1148
Merit: 1010


In Satoshi I Trust


View Profile WWW
March 04, 2016, 10:08:35 AM
 #4

To be honest is there any point in only moving to 2 mb when we will end up hearing the same old bitchfest in a couple of years time about moving to 3 mb.

i get your point but even with 4 MB blocks there is no problem

the important part is that, by that time we should have layer 2 options.

TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
March 04, 2016, 05:28:09 PM
 #5

Another alarmist headline about this bullshit.

There's a miner fee market. Use it. My transactions go through just fine, because I use a wallet that suggests the proper fee, and if I'm in doubt - I CHECK AND SEE IF IT IS CORRECT.

But I guess that's asking too much of people, to actually use the network properly. Expanding the size will only repeat this exercise at a later date.

fortitudinem multis - catenum regit omnia
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!