Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[nioc]

It's been 9 hours and not one confirmation.  It seems that something other than just the business of the network might be going on.  There has been room in some blocks recently.  Maybe somebody could shed some light on what is going on, it would be much appreciated.  The fee paid was 0.0001 and the transaction was comprised of 21 inputs.  I get the following from blockchaindotinfo...........


Estimated Confirmation Time    Within 6 Blocks (Medium Priority)

It also had a "Confirmation Warning" as follows

"The transaction fee is less than recommended"
"This transaction has a none standard input"


I guess they mean "non standard"

Edit:  I just noticed the size of the transaction.  Over 8000 bytes 
These people sending don't know what they are doing

[ahpku]

...
my willingness to buy ALL the bitcoin is no illusion!

People were paying stupid money for Beanies, too. Until they weren't.
And just think about it: imagine you bought all the bitcoins. Why in the world would somebody want one? To make you rich?

they would want one so they could save 50% off starbuck gift card?

Sounds like the sort of folk who'll pay you with PayPal & charge back.
edit: but seriously, you don't want a currency to be concentrated like that -- no incentive for anyone other than yourself to value it/use it.
This is not the case for real money, which will always be needed, if for nothing else other than to pay taxes (or get oppressed updabutt by jackbooted thugs).

[Andre#]

ETH going tru the roof again, +10% in barely 3 hours.

[ZyclonRacerX]

ETH going tru the roof again, +10% in barely 3 hours.

ETH is like the internet in the early 90s

[orpington]

ETH going tru the roof again, +10% in barely 3 hours.

Andre# - you still seem to be spot on... toilet paper!!

[ahpku]

Dear Satoshi, why are you mocking us?!

[ChartBuddy]

Coin



Explanation

[sAt0sHiFanClub]

No spam right now, just normal transactions.  Only 188k tx in last 24hr.

https://blockchain.info/charts/avg-block-size?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

This is bullshit... we need more crying and bitching that "blocks are full", not a +37% to 52% extra space that 0.65mb-0.73mb blocks allow us

you're being disingenuous... avg block size phhhh, your an asshole or an idiot, take your pick..

I don't see what's wrong with avg blocksize. Should I take specific blocks to illustrate the point? And if so, what would these blocks be? The 0 bytes ones, or the 1000kb ones?

Yes. An Asshole AND an idiot.

[adamstgBit]

It's been 9 hours and not one confirmation.  It seems that something other than just the business of the network might be going on.  There has been room in some blocks recently.  Maybe somebody could shed some light on what is going on, it would be much appreciated.  The fee paid was 0.0001 and the transaction was comprised of 21 inputs.  I get the following from blockchaindotinfo...........


Estimated Confirmation Time    Within 6 Blocks (Medium Priority)

It also had a "Confirmation Warning" as follows

"The transaction fee is less than recommended"
"This transaction has a none standard input"


I guess they mean "non standard"

Edit:  I just noticed the size of the transaction.  Over 8000 bytes  
These people sending don't know what they are doing

21 inputs hmmm sounds like that TX size must be kinda high, definitely higher than 256Bytes

can you tell us how many bytes it is, blockchaindotinfo should tell you that too

if you tell us that we can tell you what fee you should have paid, and ~ how long it will take to get clear with the fee you did send it with.

keep inmind that if it dosnt get on the blockchain within 48hours, it will be dropped out of the mempool.

[nioc]

adam I put that info in my edit.  A little over 8000 bytes

[adamstgBit]

adam I put that info in my edit.  A little over 8000 bytes

i think they should have paid like 0.005 in fees

this TX might just get dropped out after 48hours of sitting in the mempool.... ( i think thats how it work ? )

[nioc]

adam I put that info in my edit.  A little over 8000 bytes

i think they should have paid like 0.005 in fees

this TX might just get dropped out after 48hours of sitting in the mempool.... ( i think thats how it work ? )

I believe it's 72 hrs.  How will I know when it gets dropped?

The exchange rate they used was $410.xx
What this means is that it will get dropped in another 2 1/2 days during which time btc will go up and I will get less btc.    Time to buy   Why do I always think/feel like this

[adamstgBit]

adam I put that info in my edit.  A little over 8000 bytes

i think they should have paid like 0.005 in fees

this TX might just get dropped out after 48hours of sitting in the mempool.... ( i think thats how it work ? )

I believe it's 72 hrs.  How will I know when it gets dropped?

The exchange rate they used was $410.xx
What this means is that it will get dropped in another 2 1/2 days during which time btc will go up and I will get less btc.    Time to buy  Why do I always think/feel like this

it's the kool aid.
buy more bitcoins you may have a hard time getting thos back.
good luck.

[ZyclonRacerX]

adam I put that info in my edit.  A little over 8000 bytes

i think they should have paid like 0.005 in fees

this TX might just get dropped out after 48hours of sitting in the mempool.... ( i think thats how it work ? )

I believe it's 72 hrs.  How will I know when it gets dropped?

The exchange rate they used was $410.xx
What this means is that it will get dropped in another 2 1/2 days during which time btc will go up and I will get less btc.  :-  Time to buy  Why do I always think/feel like this

On the plus side, there's no chargeback, so you're good there. Did the person you transact with use a full non-mining node Core 0.12 wallet? Because I hear that one is really good at guessing how much fees to include. Sometimes when you use LukeJr gamepack tho, it gets confused a little, so that could be it

[nioc]

They are new to btc so I guess they are ignorant about it's best use, another problem with btc.  However they are honest and I'll get the $ owed to me.  I'll probably get the same amount of btc as they are trying to send me but yeh the kool aid  You just want me to buy more btc  I thought getting paid btc from my second job was doing just that.  They aint being converted to fiat.

Edit: @NLC I have no idea what they use.  It looks like they were taught that 0.0001 was a standard fee.  

[coins101]

I voted $390.

Looks like I'm going to be wrong.

[ChartBuddy]

Coin



Explanation

[PoolMinor]

ETH has no limit on the amount of coins.

Enjoy your "investment".

QED

Well that's not a bad point in itself... But what's sure is that it's really different from BTC.

Am I the only one to understand that it was not meant to be used as a currency though?

I have spoke of this before in this thread. People need to understand that the coin (bitcoin) is just a reward for securing the blockchain. The coin (bitcoin) is the "gas" to move the transactions.

Yes ETH uses fancy new terminology, but the underlying use is still the same as bitcoin.
Smoke and mirrors my friend.


Edit:
from rpietila:

Having stuff stored in the most secure ledger in the world is not free, so it should not be free. I felt bad when I sent a few BTC with a 0.001 fee. (No, not because I needed to pay €0.38 - because of the miners.)

[PoolMinor]

i give up

you keep believing that on avg blocks are only 50-75% full

Aww there's your problem, using the wrong terminology. What you mean to say is median blocks are above the average 50-75% full. So technically if you were using proper terminology Adam, you could both be correct.

Median versus Average

[ButtLava]

Im a true bitcoin believer and lately there is a lot of fud going around about BTC, why is this?

Even cryptolovers in forums are fudding, dont understand this  

People are just realizing that mostly everyone working on bitcoin code right now are mentally handicapped.