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Author Topic: What's wrong with Bitcoin?  (Read 2935 times)
carlisle1
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February 27, 2017, 06:28:38 AM
 #41

I never heard or knew that bitcoin network is under attack but as far as I know that the network could not be attacked by a hacker that easily maybe you are just thinking of it because of the payments or transactions are being delayed but I think those delayed transactions are common on it's network and it is not because of the attack blockchain is just getting loaded by plenty of transactions being processed .
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February 27, 2017, 06:44:16 AM
 #42

BITCOIN network is under heavy attack.
BITCOIN Payments may be delayd because of this.
We are aware of this and waiting for the attack to be over.
Check the following link as it shows number of unconfirmed transactions in real-time.
https://blockchain.info/unconfirmed-transactions
Again , We know this and waiting for BITCOIN attack to be over.


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If bitcoin network is under heavily attack then you can't open the blockchain in the first place or other site that is connected on that certain attack. This delayed transactions that you are saying is because of the limitation of the size of the blockchain causing traffics inside because of too many transactions that can't be process at a time because it already reached its limits.

Besides bitcoin network can't be hack easily, maybe what you are trying to say is only bitcoin, because millions of dollars of bitcoin has been hacked before on the blockchain by some pro hackers.
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February 27, 2017, 06:51:21 AM
 #43

I do not know what the problem is in bitcoin. I do not really know much about the system in bitcoin. when I do a bitcoin transaction I had to wait a long time for the transaction can be confirmed? could you explain for this problem ?
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February 27, 2017, 06:54:31 AM
 #44

I never heard or knew that bitcoin network is under attack but as far as I know that the network could not be attacked by a hacker that easily maybe you are just thinking of it because of the payments or transactions are being delayed but I think those delayed transactions are common on it's network and it is not because of the attack blockchain is just getting loaded by plenty of transactions being processed .

it's not about hacker or whatever, bitcoin can't be attacked like that, it's more easy to hack abank than hacking the bitcoin network

bitcoin was attacked by a spam attack to increase the number of transaction and make the block look always full, probably someone that want the limit to be increased asap

because they have no other reason to do so, they are also losing money doing it
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February 27, 2017, 08:05:08 AM
 #45

I dont think bitcoin is under attack maybe the reasons why its because of heavy traffic or congestion. I also encountered this too long to be confirm in my wallet, blockchain problem that took 2days confirm in my wallet. I think its trhe volatility price of bitcoin that most encountered this problem.
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February 27, 2017, 03:46:07 PM
 #46

I do not know what the problem is in bitcoin. I do not really know much about the system in bitcoin. when I do a bitcoin transaction I had to wait a long time for the transaction can be confirmed? could you explain for this problem ?
yes i also do not feel any limitation to bitcoin but i think if some minor problems that can be overcome very soon. for example the transaction problems should be solve on priority bases because it is creating misunderstanding about the people. it is really very difficult to wait or transaction conformation for such a long time.
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February 27, 2017, 03:59:27 PM
 #47

There is some problem with bitcoin.  First is not all markets recognize bitcoin, second is that it is hard to earn because sometimes by not meeting face to face with the seller you may get scammed, and it is always happening.
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February 27, 2017, 04:06:22 PM
 #48

There is some problem with bitcoin.  First is not all markets recognize bitcoin, second is that it is hard to earn because sometimes by not meeting face to face with the seller you may get scammed, and it is always happening.
I dont think we are easy to get scammed even must sell bitcoin without meeting face to face with the buyer/seller due now many trusted exchanger and trusted local exchanger, it's already not be a problem again.

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February 27, 2017, 11:12:19 PM
 #49

I dont think bitcoin is under attack maybe the reasons why its because of heavy traffic or congestion. I also encountered this too long to be confirm in my wallet, blockchain problem that took 2days confirm in my wallet. I think its trhe volatility price of bitcoin that most encountered this problem.

 The attack is the traffic, someone are doing a lot of microtx just for increase the traffic. I don't know who or why but it's real. For now, the best solution probably would be increase the blocksize..

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zahra4577
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February 27, 2017, 11:27:19 PM
 #50

Delay in transaction is really disappointing and if bitcoin has to become mainstream, we need network upgrade.
The current amount of transaction is nothing compared to what it would be when just half of the world population start using bitcoin.

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February 28, 2017, 12:37:53 AM
 #51

I dont think bitcoin is under attack maybe the reasons why its because of heavy traffic or congestion. I also encountered this too long to be confirm in my wallet, blockchain problem that took 2days confirm in my wallet. I think its trhe volatility price of bitcoin that most encountered this problem.

 The attack is the traffic, someone are doing a lot of microtx just for increase the traffic. I don't know who or why but it's real. For now, the best solution probably would be increase the blocksize..

Oh another expert in the field! Who already knows the best solution. One advice: if you don't know who or why and generally have no idea what is going on, do not come up with solutions, first understand what's going on.

i am satoshi
ImHash
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February 28, 2017, 12:44:25 AM
 #52

Delay in transaction is really disappointing and if bitcoin has to become mainstream, we need network upgrade.
The current amount of transaction is nothing compared to what it would be when just half of the world population start using bitcoin.
I hope you are joking, half of the population means more than 3B people and now the network capacity is 3 transactions per second after segwit and block size increase it will probably be less than 20 transactions per second which is still small.
Google only has 1.5B users.
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February 28, 2017, 12:45:38 AM
 #53

It's a normal thing in bitcoin if there are transactions that are unconfirmed. It was talked all over the forum and if I'm not mistaken most of those transactions didn't include some fees for the miners. And of course the miners, will be confirming first that has higher fees. Also there are helpful tools like accelerator where you can make it confirmed and help your transaction.

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February 28, 2017, 01:04:40 AM
 #54

There is some problem with bitcoin.  First is not all markets recognize bitcoin, second is that it is hard to earn because sometimes by not meeting face to face with the seller you may get scammed, and it is always happening.
well that's because of a small adoption at the moment, but in the future I'm pretty sure that as the price rises and as more and more people will be using bitcoins, more markets will be allowing people to use it as a payment method, everything comes with time and it will happen sooner or later, there's nothing wrong with the bitcoin at the moment.




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ufaiz50
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February 28, 2017, 03:17:16 AM
 #55

There is some problem with bitcoin.  First is not all markets recognize bitcoin, second is that it is hard to earn because sometimes by not meeting face to face with the seller you may get scammed, and it is always happening.
I dont think we are easy to get scammed even must sell bitcoin without meeting face to face with the buyer/seller due now many trusted exchanger and trusted local exchanger, it's already not be a problem again.
why the market does not recognize bitcoin because bitcoin not get support from the government and also bitcoin is not legal currency in some countries but instead bitcoin has the advantage that does not exist in other currencies, the second was not bitcoin problem but buyers because it is easy to believe and now there are many exchangers are reliable. be smart buyer

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