blockchain spam

[amaclin]

if you think about it, in the centralized environment there is not a single person

of course. "centralized" != "one person"

that take the full decision about a task, for their service, they always consult between 10 people or s

does not matter how many humans work for a service
from the point of view from the rest world there is centralized service "facebook" and a billion of users connecting to it
how many employees work for facebook is not an agrument to think that facebook is not centralized

it's not very different than miners deciding about the future of bitcoin,
it's just more hard because of 10 people we have 100 that need to decide...

Today bitcoin is not decentralized. So, 10 pool admins can make anything.
Either increase block size or ban some addresses which produce too much traffic

[polycryptoblog]

Why Komodo Group-Signed Transactions Are Not Spam

There are several in here that accuse the Komodo notary nodes in their group-signed transaction of contributing to the delays on the Bitcoin Network.  This is not the case.  First, our transactions count for well less than 1% of the current backlog. In addition they are a part of a necessary function in the SuperNET ecosystem aimed at enhancing the bitcoin networks scalability.


Everyone has heard of the block size debate and its proposed solutions.  Whether you are a proponent of SegWit + LN or BigBlocks or some other method in-between, most all can agree something needs done.   Komodo aims at tackling current and future need for storing data on a secure distributed ledger  through its scalability mechanism  known as " Delayed Proof-of-Work ".

Delayed Proof-of-Work  works by receiving submissions from third-party blockchains and recording their hashes into a Komodo Block.   The blockhash of that block  is then submitted in a group-signed transaction to Bitcoin's Network through a group of elected node operators.   This signed transaction forms a "checkpoint"  where if at a future time either a third-party blockchain or Komodo itself  becomes threatened by a malicious actor or a fork divides the community, this checkpoint system gives the operators of the respective networks a " last known good" block hash  from which they can start efforts of fixing their network.  


The Delayed Proof-of-Work system  is already securing more than 36 blockchains!!!  


For an attacker to totally compromise Komodo or the independent block chains that it secures  it would have to undermine bitcoin's security,  which is an extremely difficult if not impossible feat.



Delayed Proof-of-Work acts as a scalability mechanism  in the sense that developers can develop blockchain based projects, in full control of their own blockchain without being restricted by the technical and political limitations of bitcoin or other parent network   while at the same time  benefit from the security granted by the incredible amount of hashing power that is used to secure bitcoin.


To learn more about how the Delayed Proof-of-Work consensus mechanism works

https://komodoplatform.com/whitepaper/

or to find out how more about Komodo and SuperNET's  cutting edge crypto developments
https://bitcointalk.org/index.php?topic=1605144.6560

[kamk]

It could be a group of miners making a fee market. As difficulity gets higher and bitcoin's estimatefee function provides inertial values, they can dissolve some of their BTC mined to the network while part of these fees are recycled back to them. Recently, there was 3.1 BTC (roughly $3500 now) in fees as seen in block #455009.

https://i.imgur.com/2JbLEvQ.png

Probably it is carefully watched process as they don't want to get mempool size over 300MB (when throttling by mempoolminfee is triggered) and on the other hand not to let fees estimation drop too low.

https://i.imgur.com/FZtAUky.png

Of course, activating segwit or increasing block size is in such case counterproductive.

[ptytrader]

Bitcoin lacks a bit of direction in my opinion. As I understand it, the current issues faced by the blockchain are not technical in nature. The problems are bureaucratic.

In the next few years, Bitcoin will see 1000% more transactions. These problems can and should be solved now, before it is too late.

[paul gatt]

I think this is normal. about transactions that are not treated backlog while all stuck. I think they should like, if we backlog, I am afraid that the trapped will continue to lengthen, and perhaps, the small trading range that is approximately the cost of transaction

[amaclin]

Bitcoin lacks a bit of direction in my opinion.

You have to understand that others may have other opinions.
And the only way to resolve this in bitcoin style is to vote by hashrate.
How many PH/s do you produce? None?
Your voice is too weak it can not be heard.
Your opinion nobody cares

s I understand it, the current issues faced by the blockchain are
not technical in nature. The problems are bureaucratic.

There are no technical problems. Every problem has the First Name and Last Name.

In the next few years, Bitcoin will see 1000% more transactions.

I doubt.

These problems can and should be solved now, before it is too late.

You are welcome to start solving these problems.
Dont waste time posting here. Solve them!

[laurentmt]

Good catch !
Some of these addresses seem related to an entity with a very "interesting" activity profile => https://oxt.me/bookmark/58b88d746c45fa71e80f8bd6