[2016-06-17] Hundreds of Millions of Dollars’ Worth of Bitcoin Stuck for Days

[WishICanTurnBackTime]

As Bitcoin sees a stratospheric rise over the last few days, increasing by $100 in just a day, users have noted a corresponding increase in transaction confirmation delays.
More than 250,000 bitcoins were waiting to move at one point yesterday, according to tradeblock, currently valued at almost $200 million. Tradeblock’s mempool, which tracks confirmation delays, reached an all-time high (ignoring last summer’s capacity tests) of 45MB. Tens of thousands of transactions and hundreds of thousands of bitcoins continue to be stuck for hours or days.
Bitcoin users took to reddit en-mass to complain and seek information. At one point, the whole front page was covered by the topic with seemingly new Bitcoin users asking for help. Some, however, maintain that the hundreds of millions of dollars’ worth of Bitcoin are all just spam or, in some way, some sort of attack.

http://cointelegraph.com/news/hundreds-of-millions-of-dollars-worth-of-bitcoin-stuck-for-days

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[TraderTimm]

What a turd of an article.

1. Take spam attack

2. Turn spam attack into "transactions held up OMG"

3. Write shitty article about jerkwads abusing the network, but spin it so it looks like its the networks fault

4. Pump for the expanded blocksize agenda, blah blah blah

I thought we were done with this kind of crap

[Kprawn]

Hey, let's be honest... no matter what side we are on, {big or small blockers} ...we did see some more full blocks lately, and if this is any indication of what is going to happen in the future, we must

avoid this at all cost. I know why we waiting for this increase and the solutions we might have with SegWit and Lightning network... but I think this must happen sooner that later, because we are at the

point, where we should scale and adapt to the volumes or be left out in the cold.   

[DarkThrones]

LOL I had like a couple hundreds bucks waiting for 4 hours or so and I was getting all sweaty and anxious checking the blockchain and wondering why my transaction wasn't at least one confirmation. I couldn't imagine having TWO HUNDRED MILLION DOLLARS stuck in a queue time for any longer than an hour. I hope things like this encourage the people working on the block size problem to work faster lol as I did expect things like this to happen.

[sadyas]

The network was very congested in the last few days. It caused lots of problem for me in the transacioin confirmation.

[TraderTimm]

The overriding point is - PAY THE FUCKING FEE.

I have had ZERO problems, because I PAY THE FEE.

People who are so reluctant to shave a few fractions of a bitcoin off to pay a miner to include their transaction DESERVE to languish in a the mempool for hours. The network isn't free, you freeloading jerkwads. Until you can come up with a miner that runs on hugs and rainbows, it takes effort, electricity and bandwidth.

Every single complaint on a delayed transaction can be traced to the following:

1. Using coins that have a non-confirmed input

2. Not paying the appropriate fee to be included

3. Not paying attention to the client you are using - you should only use one that allows you to set the fee or has an automatic way to adjust the fee based on network conditions

Its just that easy, and yet, we still have these complaining idiots that can't wrap their head around including a minimal fee to get their transaction processed.

Idiotic.

[BellaBitBit]

The overriding point is - PAY THE FUCKING FEE.

I have had ZERO problems, because I PAY THE FEE.

People who are so reluctant to shave a few fractions of a bitcoin off to pay a miner to include their transaction DESERVE to languish in a the mempool for hours. The network isn't free, you freeloading jerkwads. Until you can come up with a miner that runs on hugs and rainbows, it takes effort, electricity and bandwidth.

Every single complaint on a delayed transaction can be traced to the following:

1. Using coins that have a non-confirmed input

2. Not paying the appropriate fee to be included

3. Not paying attention to the client you are using - you should only use one that allows you to set the fee or has an automatic way to adjust the fee based on network conditions

Its just that easy, and yet, we still have these complaining idiots that can't wrap their head around including a minimal fee to get their transaction processed.

Idiotic.

+1,000,000

[indiemax]

The overriding point is - PAY THE FUCKING FEE.

I have had ZERO problems, because I PAY THE FEE.

People who are so reluctant to shave a few fractions of a bitcoin off to pay a miner to include their transaction DESERVE to languish in a the mempool for hours. The network isn't free, you freeloading jerkwads. Until you can come up with a miner that runs on hugs and rainbows, it takes effort, electricity and bandwidth.

Every single complaint on a delayed transaction can be traced to the following:

1. Using coins that have a non-confirmed input

2. Not paying the appropriate fee to be included

3. Not paying attention to the client you are using - you should only use one that allows you to set the fee or has an automatic way to adjust the fee based on network conditions

Its just that easy, and yet, we still have these complaining idiots that can't wrap their head around including a minimal fee to get their transaction processed.

Idiotic.

[Quantus]

The overriding point is - PAY THE FUCKING FEE.

I have had ZERO problems, because I PAY THE FEE.

People who are so reluctant to shave a few fractions of a bitcoin off to pay a miner to include their transaction DESERVE to languish in a the mempool for hours. The network isn't free, you freeloading jerkwads. Until you can come up with a miner that runs on hugs and rainbows, it takes effort, electricity and bandwidth.

Every single complaint on a delayed transaction can be traced to the following:

1. Using coins that have a non-confirmed input

2. Not paying the appropriate fee to be included

3. Not paying attention to the client you are using - you should only use one that allows you to set the fee or has an automatic way to adjust the fee based on network conditions

Its just that easy, and yet, we still have these complaining idiots that can't wrap their head around including a minimal fee to get their transaction processed.

Idiotic.

+1