wow ,almost 30,000 unconfirmed trans

[andresem]

I have an unconfirmed transaction, already 2 days.
How long it will last?

[Killerpotleaf]

I have an unconfirmed transaction, already 2 days.
How long it will last?

please stand by, Carlton Banks will soon prove to you that your TX dont matter, and your attempt to use bitcoin was just silly.

[QuestionAuthority]

How can we increase adoption, make Bitcoin mainstream, and make it a one world currency so that no one in the world can actually spend any money. LOL

To the moon. ROFL

[Wind_FURY]

I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term

Segwit is an increase in the Blocksize. There is no "larger blocks, or Segwit"

Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year.

What makes you think that blocksize changes are the only way to increase the transaction rate? If you were reasonable, you'd say that blocksize increases should be a last resort, and that anything else that improves the transaction rate should be implemented before that.

I agree with you totally because I am curious with what the Lightning Network can bring and how it will be used and what more uses can be invented thru it. I am also skeptical to the developers behind the hard fork. They might have another agenda in mind other than wanting to have "big blocks".  

On LN, I believe there will be no official LN implementation and one LN could be better than the other. But what really intrigues me is how it can be used as a bridge to receive and send transactions to other blockchains. That would at least complement the exchanges.

[Killerpotleaf]

How can we increase adoption, make Bitcoin mainstream, and make it a one world currency so that no one in the world can actually spend any money. LOL

To the moon. ROFL

first make all users download the blockchain ( this is very important )
then you make them send their btc to a LN node
then they can timelock these bitcoins and open channels
then they can buy 30,000 separate cam shows and only pay 12$ in TX fee
they have to do this before their time lock expires and closes the channel ofc...


thats how its done.

[brutosBTC]

I also experiencing the same problem now,, I have three unconfirmed transaction. Am I need to bother, since I can not now contact the one who send the bitcoin to me. It makes me feel so sad now. This is my first time to experience this kind of problem. And one more thing that bother me most is that, I will have big amount this coming weekends so I am afraid that I cannot get my payment. How long this thing or problem last? I hope the miners will noticed this one.
I thought the problems was in my online wallet, I was wrong it is all over the globe problem.
Until now my transaction is not yet confirmed, I hope I can get the money that is mine.

[valkir]

Pretty sure I explained - dodgy optimisation choices in a hacked coin daemon. It was notably less than 2 minutes after the previous block. The mempool would have clearly been full in a regular bitcoind at the time so there's no way a call to create a block template would have only given them a 33kB block.

EDIT: Look at the block sizes here for the last 30 days and sort by average size:
http://data.bitcoinity.org/bitcoin/blocksize/30d?t=l

You'll see that famously the smallest average block size is by Eligius which is the pool associated with Luke-jr... So that one's clearly not a conspiracy by the people pushing for bigger blocks. 3 of the top 4 average sizes are from ckpool users.

Just a joke! I had too much free time 

[arransiv]

At least the transactions are going more fast right now and the queue is smaller

Can you imagine if we have more users of bitcoin? Will be a mess.

[MingLee]

At least the transactions are going more fast right now and the queue is smaller

Can you imagine if we have more users of bitcoin? Will be a mess.

Either way I'm glad to see that they finally got the transactions pushed though, likely something to do with someone sending too many transactions or there was someone trying to move a lot.

With more users I definitely seeing a lot of unconfirmed transactions becoming a considerable issue. There has to be a fix  implemented at some point, however what is being proposed isn't necessarily the best.

[CraigWrightBTC]

At least the transactions are going more fast right now and the queue is smaller

Can you imagine if we have more users of bitcoin? Will be a mess.

Yea but if we don't have much users of bitcoins, it is mean bitcoin will be die slowly, more better many users of bitcoins slow transaction than there are no people who use bitcoins. Because people of transaction can be fixed by the developers of bitcoins, but there are no users of bitcoins, it is mean die. 

[Dudeperfect]

I am not an expert in mining or bitcoin transaction issues but I genuinely think that this is just a matter of high traffic and appeals like boycott btc would work nicely if supported by everyone or at least most of the bitcoin users. Paying higher transaction fees might not work so we must give something on our individual level so I support boycott btc movement. No one should get panic because this is a temporary issue and will resolve soon.

Please do not post then. The boycott Bitcoin *movement* is a bad joke.

Yes I am not and expert and thus learning for mistakes. Can you please give some links of the stuff regarding boycott btc matter? I would like to learn more about it and so that I won’t support any such movements blindly. It is something that is happening for the first time since I joined bitcoin community so expert views would help members like me to learn more.

[kiklo]

I am not an expert in mining or bitcoin transaction issues but I genuinely think that this is just a matter of high traffic and appeals like boycott btc would work nicely if supported by everyone or at least most of the bitcoin users. Paying higher transaction fees might not work so we must give something on our individual level so I support boycott btc movement. No one should get panic because this is a temporary issue and will resolve soon.

Please do not post then. The boycott Bitcoin *movement* is a bad joke.

Yes I am not and expert and thus learning for mistakes. Can you please give some links of the stuff regarding boycott btc matter? I would like to learn more about it and so that I won’t support any such movements blindly. It is something that is happening for the first time since I joined bitcoin community so expert views would help members like me to learn more.

The boycott would have been no one sending BTC on the Blockchain for 24 hours Only.  (Amazing how much that scared everyone)
1.  The Transaction Queue would have had time to clear, so people that were waiting for 3 days or so , would have received their BTC
2.  To send a message to the Devs & Mining Pools to fix the transaction capacity problem

It did not happen since only a handfull of people even knew about it , as BTCtalk Mods deleted all of the Main Topics that were to get the word out.
Censorship at work.   

 

[Killerpotleaf]

[jay8291]

transaction pool is receeding. Currently at 16k+ unconfirmed transactions. This is the second time its happening

[QuestionAuthority]

How can we increase adoption, make Bitcoin mainstream, and make it a one world currency so that no one in the world can actually spend any money. LOL

To the moon. ROFL

first make all users download the blockchain ( this is very important )
then you make them send their btc to a LN node
then they can timelock these bitcoins and open channels
then they can buy 30,000 separate cam shows and only pay 12$ in TX fee
they have to do this before their time lock expires and closes the channel ofc...

*image*
thats how its done.

The problem with that theory is that people don't like to be first and they want to see things work perfectly before they try them.

No one other than cultist bitcoiners will ever download the entire Blockchain. Hell, even I won't ever do it again. I lost my copy of the entire chain a little over a year ago, waited two days for it to never catch up and quit. I'm an SPV kind of guy forever after that. Pruning mode in the new clients is a joke and if you want to revert to a full node you need to redownload the whole thing again.

What are you going to do about laptop people? Over half of the people I know only own a laptop, believing it stupid to have both a desktop and a laptop when the laptop does everything they want to do. Most, if not all, of these "laptopers" have less than a 500gb SSD drive. Which would you prefer to do? Make them rearrange their lives to accommodate bitcoin by purchasing a dedicated bitcoin desktop or make Bitcoin the only thing on their laptop and run only a client with the prune=<500> switch set?  Both options are not only ridiculous but will not happen because no one will do it when they can just use ApplePay or a debit card instead.

Really big blocks - when is that happening again?

[freshman777]

No one other than cultist bitcoiners will ever download the entire Blockchain. Hell, even I won't ever do it again. I lost my copy of the entire chain a little over a year ago, waited two days for it to never catch up and quit. I'm an SPV kind of guy forever after that. Pruning mode in the new clients is a joke and if you want to revert to a full node you need to redownload the whole thing again.

What are you going to do about laptop people? Over half of the people I know only own a laptop, believing it stupid to have both a desktop and a laptop when the laptop does everything they want to do. Most, if not all, of these "laptopers" have less than a 500gb SSD drive. Which would you prefer to do? Make them rearrange their lives to accommodate bitcoin by purchasing a dedicated bitcoin desktop or make Bitcoin the only thing on their laptop and run only a client with the prune=<500> switch set?  Both options are not only ridiculous but will not happen because no one will do it when they can just use ApplePay or a debit card instead.

Really big blocks - when is that happening again?

Not that I argue with your logic, downloading the blockchain is a painful process for many people and they will use SPV clients. However, Bitcoin is primarily used precisely because people can't use ApplePay or a credit/debit card. Not always because they need to buy something illegal with Bitcoins. Many use cases are areas like gambling that can't be funded with a credit card but these areas are only illegal in the eye of police states. These people are willing to take some pain to learn Bitcoin and download the blockchain. But yeah, given that Bitcoin is a pilot project of cryptocurrency and competition tirelessly working on more manageable and flexible alternative designs, the current status quo of Bitcoin is not going to be forever.

[piloder]

transaction pool is receeding. Currently at 16k+ unconfirmed transactions. This is the second time its happening

Pool is already in descending trend and almost near to what they were few days ago http://bitcointicker.co/networkstats/
Graphs showing few spikes on yesterday and day before yesterday, what could be the reason behind those sudden spike?

[rapazev]

things going back to normal again, maybe because people started to use higher fees..

[deisik]

transaction pool is receeding. Currently at 16k+ unconfirmed transactions. This is the second time its happening

Pool is already in descending trend and almost near to what they were few days ago http://bitcointicker.co/networkstats/
Graphs showing few spikes on yesterday and day before yesterday, what could be the reason behind those sudden spike?

If we exclude a conspiracy theory involving Chinese miners (or just some exceptionally greedy miners, for that matter) deliberately ignoring a lot of transactions, say, with the aim of extorting higher fees and stick to another conspiracy theory instead, it could be claimed that someone had been flooding or spamming the Bitcoin network with transactions having high enough fees to crowd out the genuine transactions with typical or recommended fees. That is, trying to bring the network down...

Why would they want to do that is another question, though

[bryant.coleman]

If we exclude a conspiracy theory involving Chinese miners (or just some exceptionally greedy miners, for that matter) deliberately ignoring a lot of transactions, say, with the aim of extorting higher fees and stick to another conspiracy theory instead, it could be claimed that someone had been flooding or spamming the Bitcoin network with high enough fees to crowd out the genuine transactions with typical or recommended fees. That is, trying to bring the network down...

Why would they want to do that is another question, though

It is an interesting theory, although I am not too sure about it. Spamming the network requires a lot of funds and resources. Who is having that sort of funds with them? Bankers? But I have to say that their attempts have failed miserably. The Bitcoin exchange rates are stable as of now, and the number of unconfirmed transactions are declining.