luigi1111
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Merit: 1000
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February 24, 2016, 07:31:19 PM |
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Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement? I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.
I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.
Then why hasn't Core publicly denounced the consensus? EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that. Can you link relevant quotes? |
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xslugx
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February 24, 2016, 07:32:59 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! |
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adamstgBit
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February 24, 2016, 07:33:06 PM |
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Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement? I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.
I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.
Then why hasn't Core publicly denounced the consensus? EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that. Can you link relevant quotes? |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 24, 2016, 07:34:16 PM |
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I'm curious how Adam's experiment went, if it's over, but even if he gets the transaction through, it may not mean much.
Let's say you are in a football stadium that's filling up with water. The water height is doubling every three minutes. It is has taken six hours to reach one quarter full. How many more minutes until it is totally full and you drown?
six minutes.
This doesn't mean we'll get fullblockalypse in the next couple of months because network activity is positively correlated with BTC price. What it means is that a higher price will boost network activity which will reach a limit not much higher than now, which will bog down the network, which will drop the price, which wil encourage new buyers, which will raise the price...rinse and repeat.
A transaction limit is effectively a price limit, or at least a price rate of growth limit.
in the mean time, in addition to having lost censorship resistance, it will become increasingly more difficult to remain anonymous because it will be harder/more expensive to mix coins.
Is a Bitcoin without censorship resistance AND without anonymous transactions still Bitcoin?
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AlexGR
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Activity: 1708
Merit: 1049
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February 24, 2016, 07:35:45 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. |
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xslugx
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February 24, 2016, 07:36:54 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. Well. Logical I suppose. But how do you know the size of your transaction? |
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adamstgBit
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February 24, 2016, 07:38:07 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. Well. Logical I suppose. But how do you know the size of your transaction? side note, my TX is the min size ~256bytes block height 399870 0 confirmations |
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luigi1111
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Activity: 1105
Merit: 1000
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February 24, 2016, 07:47:12 PM |
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Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement? I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.
I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.
Then why hasn't Core publicly denounced the consensus? EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that. Can you link relevant quotes? Oh, well I saw that long ago. I thought maybe there was something recent/since the Consensus letter thingy? |
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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February 24, 2016, 07:53:16 PM |
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Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement? I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.
I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.
Then why hasn't Core publicly denounced the consensus? EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that. Can you link relevant quotes? Oh, well I saw that long ago. I thought maybe there was something recent/since the Consensus letter thingy? oh right this is almost a month old. i guess they found a workaround his concerns. |
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AlexGR
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Activity: 1708
Merit: 1049
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February 24, 2016, 07:53:43 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. Well. Logical I suppose. But how do you know the size of your transaction? If it's not a collection of dust, or from multiple inputs, it should be near 0.25kb. side note, my TX is the min size ~256bytes
block height 399870
0 confirmations
Side note: You sent it out while there was a 40m gap to the last block found (that's not related to "blocks are full", rather mining variance). |
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blunderer
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February 24, 2016, 07:58:21 PM |
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Damn, 1 cent fee is 1% it's far too much already! I usually pay a 0.1% fee and it goes in the first blocks! Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction. I think we should focus on convincing people to consolidate their spending. I'll show you what I mean: Now people buy coffee by the cup, every morning -- so legacy finance! Now with Bitcoin, we'll buy a gallon every Monday, and warm a little bit up when we need a cup. See? Just got to onboard with out-of-box thinking & disruptivize! |
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billyjoeallen
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Hide your women
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February 24, 2016, 07:59:17 PM |
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More BS: " Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7 https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqic |
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ChartBuddy
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 Online
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 24, 2016, 08:00:48 PM |
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adamstgBit
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February 24, 2016, 08:02:35 PM |
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More BS: " Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7 https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqicdose he want segwit or not? WTF is wrong with these poeple. |
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adamstgBit
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February 24, 2016, 08:07:47 PM |
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3% left over why why is my TX not included  lol |
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blunderer
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February 24, 2016, 08:13:21 PM |
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^^The Blogchain knows you really didn't need to send a buck & are spamming. I hope Blogchain loses your bitcoin, to teach you not to mess with it.
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Adrian-x
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February 24, 2016, 08:13:56 PM |
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3% left over why why is my TX not included lol LOL, just withdrew some BTC from an exchange, they are paying 0.00015936 XBT = $0.0924195 CAD per tx. just got 2 confirmations in like 2 minus. Blocks are only full if your are not paying almost $0.10 per transaction. and so it begins - to quote rocks The goal is to slowly introduce a fee market. First slowly knock out very low value transactions, then add SFSW to slightly increase capacity. Then knock out moderately low value transactions, then add 2017 2MB HF to slightly increase capacity.
They will increase capacity, but at a very slow rate that falls behind usage growth. The effect will be a slow introduction of a fee market that removes more and more use cases for Bitcoin. |
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adamstgBit
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February 24, 2016, 08:18:03 PM
Last edit: February 24, 2016, 08:34:14 PM by adamstgBit |
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Adrian-x
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February 24, 2016, 08:18:55 PM |
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^^The Blogchain knows you really didn't need to send a buck & are spamming. I hope Blogchain loses your bitcoin, to teach you not to mess with it.
valid transactions are valid transactions. $1 in Bitcoin was not spam in 2011 and it's not spam today. in fact $1 in March 2011 = 1BTC ($425 today). what will $1 in BTC be worth in 5 years. it's ignorant to want to control the money supply by wishing monetary units vanish or get lost, all valid transactions should be valid. |
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AlexGR
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February 24, 2016, 08:19:19 PM |
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LOL, just withdrew some BTC from an exchange, they are paying 0.00015936 XBT = $0.0924195 CAD per tx. just got 2 confirmations in like 2 minus.
Blocks are only full if your are not paying almost $0.10 per transaction.
We don't need to guesstimate: From cointape.com, based on what is happening: 1-10 satoshi per byte = from 7 blocks to infinity. 11-20 satoshi per byte = from 2 blocks to 28 21-30 satoshi per byte = from 0 to 5 blocks 31-40 satoshi per byte = from 0 to 2 blocks 41-50 satoshi per byte = from 0 to 1 blocks 10 satoshi per byte = 0.011$ per 258byte tx 20 satoshi per byte = 0.022$ per 258byte tx 30 satoshi per byte = 0.033$ per 258byte tx 40 satoshi per byte = 0.044$ per 258byte tx 50 satoshi per byte = 0.055$ per 258byte tx |
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Poll
