|
|
|
|
|
|
|
|
|
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Torque
Legendary
 Offline
Activity: 3556
Merit: 5041
|
 |
July 09, 2015, 05:33:30 PM |
|
Without enough fear or enough bad things happening, the Greeks will never consider another type of currency/asset to preserve their savings and wealth. This includes putting money into bitcoin. https://www.youtube.com/watch?v=6tAbP49atdUSigh... |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
July 09, 2015, 05:34:45 PM |
|
|
|
|
|
|
|
soullyG
|
|
July 09, 2015, 05:38:44 PM |
|
This is my understanding of the situation anyway, from following Cypher's thread. Without a doubt tho, IMO, it has something to do with the block size debate and is not an actual attack on BTC itself. Somebody is trying to prove a point. At the moment they are proving that BTC can function fine with more tx's flowing thru the network, so bandwidth is not an argument If you want a transaction processed, all you have to do is add at least the normal fee of .0001 and it should go thru fine. https://tradeblock.com/blockchainFrom here you can see that there are 90k spam tx in Mempool backlog, and total fees of 4.5 BTC, giving an average fee of 0.00005. Given that genuine tx's will be being sent with minimum .0001, and many with more than that, the fees on the spam are tiny, hence the backlog should only affect anyone who wants a fee-free tx. Boo-hoo ... Personally I think it's actually showing how robust the system is. Thanks for the info, I haven't been following too closely but my transactions are going through as normal. As you said: I am not sure which the spammer is fighting for as he is proving that the nodes are not collapsing with the extra tx in the Mempool, the block size being the limiting factor in clearing it. Meanwhile a Fee-market is developing, whereby anyone paying a bit more is still guaranteed a fast transaction. If anything, its just proving how versatile and adaptable BTC is. |
|
|
|
|
|
|
|
alesx.onfire
|
|
July 09, 2015, 05:46:02 PM |
|
267 again... , are you ready to do circles in 260 - 269 ?
|
|
|
|
|
|
phoenix1
|
|
July 09, 2015, 05:46:48 PM |
|
Without enough fear or enough bad things happening, the Greeks will never consider another type of currency/asset to preserve their savings and wealth. This includes putting money into bitcoin. https://www.youtube.com/watch?v=6tAbP49atdUSigh... Lol ... I think I will stick to Yoda's wisdom vs 'roid rage' if you don't mind  By voting 'Oxi' the Greek people have already shown that they have the balls (ie. lack of fear) to stand up to the EU in the face of financial terrorism. @hdbuck ... awesome link, thanks ! |
|
|
|
|
ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
July 09, 2015, 06:01:52 PM |
|
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
July 09, 2015, 06:08:18 PM |
|
Without enough fear or enough bad things happening, the Greeks will never consider another type of currency/asset to preserve their savings and wealth. This includes putting money into bitcoin. https://www.youtube.com/watch?v=6tAbP49atdUSigh... Lol ... I think I will stick to Yoda's wisdom vs 'roid rage' if you don't mind By voting 'Oxi' the Greek people have already shown that they have the balls (ie. lack of fear) to stand up to the EU in the face of financial terrorism. @hdbuck ... awesome link, thanks ! Actually, I think Syriza is going for something more like this: https://www.youtube.com/watch?v=Tt1W0F0yObg |
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
July 09, 2015, 06:09:32 PM |
|
Nigel Farage and Donald Trump... I wonder why Bitcoin hasn't gone mainstream. |
|
|
|
|
|
jertsy
|
|
July 09, 2015, 06:11:33 PM |
|
Litecoin's not immune to the spam attack, it would just cost more to do the same attack on Litecoin. I don't know how many transactions the Bitcoin spammer is sending for a single fee payment, but it's not costing that much money to do the attack. I assume Litecoin's transaction fees are lower than Bitcoin's so a spammer might still be able to attack Litecoin for not that much more money than attacking Bitcoin. Litecoin's not been attacked yet and it would be interesting to see how resilient it really is. The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates Furthermore, a post in the alt section claims the Litecoin pump is a new Chinese pyramid scheme where a "member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day)". I hope it's not for real because there will be a hell of a dump if it is, and the masterminds will probably dump their Litecoins for Bitcoins, then dump their Bitcoins for fiat. LOL, dude, you're killing us! So, 1. 10% 2. 10% 3. 3% 4. Profit Member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day). |
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
|
|
July 09, 2015, 06:12:01 PM |
|
"CL: Because Litecoin is an altcoin and a much smaller market cap, the Litecoin price is extremely volatile. So when the crypto currency market is crashing, it gets hit a lot harder than Bitcoin. And when it's going up, Litecoin does extremely well." So buying or selling an alt coin is like buying or selling bitcoins on margin. |
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
July 09, 2015, 06:18:33 PM |
|
|
|
|
|
|
|
phoenix1
|
|
July 09, 2015, 06:54:05 PM |
|
Nigel Farage and Donald Trump... I wonder why Bitcoin hasn't gone mainstream. We got Roid Rage, Angry Bald Bloke with freaky eyes, and Frapman, to name just a few ... no contest  |
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 09, 2015, 07:01:49 PM |
|
|
|
|
|
|
macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
|
|
July 09, 2015, 07:43:25 PM |
|
Nah ... Greeks love tourism. Greek islands are peaceful places. Sure, I would avoid large cities and public places (tho even that might be being too cautious), but I doubt there will be much other than gratitiude for tourists in the islands. They NEED that income and all small islands are like mafias ... crime breaks out that affects business, it will be nipped in the bud. Sure, I would expect a little more crime there if everyone is carrying cash, but the islands are one of their greatest assets and they know it. Stand with the Greeks, take extra money and spend it all, they need it  I'm half expecting a massive street party once they are released from the tyranny of the EU, if that happens. Sure, lots of hard work ahead, but no more boot stamping on the face ... macgsa, interested to hear your view ... btw, I am not implying that greek islanders are only friendly to tourists for the money Greek islands are a place of Heaven that escaped on Earth. The current problem is that WE (the Greeks) cannot withdraw more than 60Eur per person, a day. That doesn't apply to a tourist coming to Greece. They have the ability to take infinite amounts. If you check the posts from tourists that are now on Greek islands, you see how the world is rolling here. Personally, I don't anymore expect a Grexit. I don't expect a nice deal for us either, but I do expect a HEAVY debt reduction by the institutions. Similar to the one that occurred to Germany's debt in 1953 with the London treaty. Call me a fool, but that's what -I think- is the reason Greece has not already been on Drachma or something similar. We look forward. We're strong and grateful that we live here. Money don't matter. People do...    YIAMAS!!!!! |
|
|
|
|
|
GaliX
|
|
July 09, 2015, 07:44:48 PM |
|
I am waiting for my transaction for over 4hours now and still no confirmation... Payed the regular fees...
Jesus.. we need bigger blocks yesterday.
|
|
|
|
|
|
jertsy
|
|
July 09, 2015, 07:45:27 PM |
|
Taking a shit load of euros, don't worry Torque..
Rather deposit € on exchange (arbitrage) and try to sell btc local there... after all Mascga said prices for btc are high (50€+ compere to actual rate) Wouldn't that involve selling in person via Local Bitcoins? I wouldn't want to show off big wads of cash in public while selling Bitcoins in Greece. Considering you can only make tiny daily ATM withdrawals anyone showing off cash will risk robbery. Desperate people often do things they normally wouldn't consider. |
|
|
|
|
|
BlackSpidy
|
|
July 09, 2015, 07:49:57 PM |
|
I am waiting for my transaction for over 4hours now and still no confirmation... Payed the regular fees...
Jesus.. we need bigger blocks yesterday.
I've been waiting for my accidental LTC purchase to go through since yesterday. Patience. Worst case scenario, it goes through 2 days from now. |
|
|
|
|
criptix
Legendary
Offline
Activity: 2464
Merit: 1145
|
|
July 09, 2015, 07:50:40 PM
Last edit: July 09, 2015, 08:33:47 PM by criptix |
|
Taking a shit load of euros, don't worry Torque..
Rather deposit € on exchange (arbitrage) and try to sell btc local there... after all Mascga said prices for btc are high (50€+ compere to actual rate) Wouldn't that involve selling in person via Local Bitcoins? I wouldn't want to show off big wads of cash in public while selling Bitcoins in Greece. Considering you can only make tiny daily ATM withdrawals anyone showing off cash will risk robbery. Desperate people often do things they normally wouldn't consider. more risk more reward... i think that is how they say it works. a crisis is always a chance for the good or bad. btw. i watched the ukip video from nigel and i think tsipras was rather thinking this: are you stupid? we dont want to leave the euro, we just want a real deal with debt relief. |
|
|
|
|
|
Poll
