69,000 (69K) Unconfirmed Transactions! ....WTF...???

[Bit_Happy]

https://blockchain.info/unconfirmed-transactions

Hey all, I used to come here every day, but am recently too busy:
69,000 (69K) Unconfirmed Transactions!   ....WTF...  (Edit 71K++ WTF+++)  ... now ~69,057 after new block

Hey guys, how's it going!


How does Bitcoin keep functioning, into the future, if ~70,000 transactions can cause an ongoing drama?
What is the solution and how soon can we get things right?

[zombijs]

Few days back when recent pump begun. It was close to 90k uncorfirmed transactions.

[Lauda]

The explanation is simple:
1) Demand is higher than the block space supply.
2) It is rather trivial to spam the blockchain for useless use cases or malicious reasons.

How does Bitcoin keep functioning, into the future, if ~70,000 transactions can cause an ongoing drama?

Bitcoin remains functional regardless of how high the number of unconfirmed transactions is.

What is the solution and how soon can we get things right?

Segwit -> Signature aggregation (Schnorr) -> LN.
You can get Segwit adopted pretty quickly if the miners were to signal support for it. From what I gather, the miners are enjoying the high fees per block which are a side-effect of the block size debate.
Example of SPAM: https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f
Number of transactions: 31981
It is just sending money to itself over and over again!

[Memento]

Die waiting for segwit or use Dash instant transactions, top 3 at coinmarket now:

https://coinmarketcap.com

[Lauda]

Die waiting for segwit or use Dash instant transactions, top 3 at coinmarket now:

https://coinmarketcap.com

Stop promoting the shitcoin everywhere. It is a clear pyramid scheme that is dying.

[Memento]

Die waiting for segwit or use Dash instant transactions, top 3 at coinmarket now:

https://coinmarketcap.com

Stop promoting the shitcoin everywhere. It is a clear pyramid scheme that is dying.

Well fuck, i invested 1000 Dash for masternode, i will not allow Dash to die ...

[DomainMagnate]

Example of SPAM: https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f
Number of transactions: 31981
It is just sending money to itself over and over again!

That is stupidity.Who is behind all these?I guess the only one benefitting with this is miners.There is no reason otherwise for a non-miners to do this.

[Memento]

Example of SPAM: https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f
Number of transactions: 31981
It is just sending money to itself over and over again!

That is stupidity.Who is behind all these?I guess the only one benefitting with this is miners.There is no reason otherwise for a non-miners to do this.

With Dash 45% goes to masternodes, 45% to miners, sorry Lauda

[jonald_fyookball]

What is the solution and how soon can we get things right?

The solution was proposed years ago (get rid of the archaic 1mb limit originally put in place as a spam filter).

But the powers that be  **COUGH COUGH BLOCKSTREAM ** have done everything in their power to avoid that.

[Holliday]

Shame on you OP (legendary indeed). There is a thread that is the exact same as this one already in progress in this section of the forum. It's was on the front page when you decided to create this one!

Did you think dividing the discussion would be more productive?

All you've done is create another place for signature spammers to promote their garbage.

Good job. You lose 69k internets.

Since you are an clearly an expert at spam, maybe you can explain why there is so much transaction spam lately.

[Lauda]

Well fuck, i invested 1000 Dash for masternode, i will not allow Dash to die ...

Now we know why you're promoting the shitcoin. You're a bagholder.

That is stupidity.Who is behind all these?I guess the only one benefitting with this is miners.There is no reason otherwise for a non-miners to do this.

Plenty of reasons:
1) Complain about congestion to promote the contentious fork called BU.
2) You just want to harm Bitcoin.
3) You want to earn more (in case a miner is behind this).

With Dash 45% goes to masternodes, 45% to miners, sorry Lauda

I don't care. Stop spamming Dash nonsense in the wrong section.

I do not know how your suggestion helps the transaction of Bitcoin.  Aside from that  your altcoin is nowhere to be accepted here in my country.  If you say converting Bitcoin to your altcoin, then converting altcoin to Bitcoin and transfer it to exchange, it is just a waste of time and effort.  Altcoin will never help in the unconfirmed issue of Bitcoin.

Just ignore the bagholder. Dash is a premined and centralized trashcoin.

[Memento]

Die waiting for segwit or use Dash instant transactions, top 3 at coinmarket now:

https://coinmarketcap.com

I do not know how your suggestion helps the transaction of Bitcoin.  Aside from that  your altcoin is nowhere to be accepted here in my country.  If you say converting Bitcoin to your altcoin, then converting altcoin to Bitcoin and transfer it to exchange, it is just a waste of time and effort.  Altcoin will never help in the unconfirmed issue of Bitcoin.

Not for large amounts of Bitcoins, Bitcoin is becoming like western union, if you send thousands in Bitcoin it's possible that you will need to pay hundreds in fees for miners,
Right now is best to transfer money with Dash instant transactions, roger ver Bitcoin.com owner transferred 100k in Dash for only 30 cents:
https://twitter.com/rogerkver/status/837376532884701184

[Lauda]

Not for large amounts of Bitcoins, Bitcoin is becoming like western union, if you send thousands in Bitcoin it's possible that you will need to pay hundreds in fees for miners,

Bullshit. You can send any amount of money for <1$ depending on your transaction size. You don't need to pay "hundreds".

Right now is best to transfer money with Dash instant transactions, roger ver Bitcoin.com owner transferred 100k in Dash for only 30 cents:
https://twitter.com/rogerkver/status/837376532884701184

Roger Ver is known for promoting altcoin pumps until he dumps them. You are going to left holding bags full of Dash trash.

[Memento]

Not for large amounts of Bitcoins, Bitcoin is becoming like western union, if you send thousands in Bitcoin it's possible that you will need to pay hundreds in fees for miners,

Bullshit. You can send any amount of money for <1$ depending on your transaction size. You don't need to pay "hundreds".

Right now is best to transfer money with Dash instant transactions, roger ver Bitcoin.com owner transferred 100k in Dash for only 30 cents:
https://twitter.com/rogerkver/status/837376532884701184

Roger Ver is known for promoting altcoin pumps until he dumps them. You are going to left holding bags full of Dash trash.

Lauda Shmauda, don't lie, don't lie... It takes hours or even days to confirm Bitcoin confirmations and fees becoming insaane!
Of course you work with Bitcoin and you will not tell use the truth.

Bitcoin is tha best !

[Lauda]

Lauda Shmauda, don't lie, don't lie... It takes hours or even days to confirm Bitcoin confirmations and fees becoming insaane!

Bullshit. Don't blame the Bitcoin network if you don't know how the fundamentals work. I have made a transaction yesterday which confirmed in the very next block. All that had to be done was use the appropriate fee-rate.

Of course you work with Bitcoin and you will not tell use the truth.

This statement makes you a hypocrite as you're a Dash bagholder promoting the scam coin formerly known as Darkcoin.

Bitcoin is tha best !

Yes.

[Memento]

Lauda Shmauda, don't lie, don't lie... It takes hours or even days to confirm Bitcoin confirmations and fees becoming insaane!

Bullshit. Don't blame the Bitcoin network if you don't know how the fundamentals work. I have made a transaction yesterday which confirmed in the very next block. All that had to be done was use the appropriate fee-rate.

Of course you work with Bitcoin and you will not tell use the truth.

This statement makes you a hypocrite as you're a Dash bagholder promoting the scam coin formerly known as Darkcoin.

Bitcoin is tha best !

Yes.

It would be the best if you would confirm these transactions manually instead of posting shit there

[Hydrogen]

Looks like btc is being DDOS'ed with $0.05 and $0.01 transactions.

Maybe someone's trying to lower the price so they can buy cheaper btc before the ETF announcement on the 11th.

[richardsNY]

69K unconfirmed transactions is nothing special anymore. There are nodes that have had over 100K of unconfirmed transactions in their mempool. Lauda is spot on regarding the heavy spam attack on the network. It's utterly annoying that an entity gains so much pleasure out of choking the network with rubbish transactions. Look at the generated block fees today http://blockr.io/block/list/ it's party time for pools.

[Memento]

69K unconfirmed transactions is nothing special anymore. There are nodes that have had over 100K of unconfirmed transactions in their mempool. Lauda is spot on regarding the heavy spam attack on the network. It's utterly annoying that an entity gains so much pleasure out of choking the network with rubbish transactions. Look at the generated block fees today http://blockr.io/block/list/ it's party time for pools.

I guess best choice run to Dash.

[Arcteryx]

Die waiting for segwit or use Dash instant transactions, top 3 at coinmarket now:

https://coinmarketcap.com

Stop promoting the shitcoin everywhere. It is a clear pyramid scheme that is dying.

Like ZCASH did with their short lived coin?
What ever did happen to that is it dead buried yet?
I remember when it was all the rave with the kids from Arizona.