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

[kiklo]

Solutions to the transactions issue.

1.  Increase Blocksize  (BU does that.) (BTC Core could release a blocksize increase without segwit but they don't.)

Which is what Segwit essentially does as a side-effect, among other things. Why are you not promoting both solutions if you genuinely *think* increasing the block size is the right one?

Since you claim to know alot about shills, how much are you being paid to shill segwit?  

Not this bullshit again by the Zeti shitcoin knight.

Segwit's main side effect of stealing transaction fees from the miners is why they will never activated it.

You call me a BU shrill but can't handle it when it is apparent you are a Segwit Shrill.

By the way , my cross eye feline, you misspelled ZEIT .


 

FYI:
If a Group came out supporting a faster Blockspeed, I would also support them, as that would also fix the problem.
Moving from a 10 minute blockspeed to a 2½ minute blockspeed would increase transaction capacity 4X without touching the blocksize or needing the Trojan know as segwit.

[kiklo]

https://news.bitcoin.com/new-unlimited-bitcoin-com-mining-pool-now-open/

Looks like someone is getting ready to help BTC Unlimited kicks Segwit virtual ass
Miners can earn 110% compared to other Mining Pools.

“We are paying more on Pay-Per-Share (PPS) than any other pool,” explains Oldenburg.
 “We pay a 110% block reward, and charge 0% fees for PPS and Pay Per Last N Shares (PPLNS).
Bitcoin.com’s mining pool pays PPS directly instead of giving miners some fees after the blocks are mined.
Our reward scheme is simpler and is guaranteed to make the miner more money regardless of luck.”
A Unique Reward System, and an Aim to End Transaction Congestion

Bitcoin.com’s Mining Pool is also the world’s first large pool fully dedicated to Bitcoin Unlimited.
Oldenburg details the operations are global with servers in the U.S., China, and Europe.
Additionally, Bitcoin.com’s mining pool has fast block transmission times using a global relay network built on Bitcoin Unlimited Xthin and Xpedited blocks.

Today begins the first invite to the general public, offering a mining pool with a significant incentive for miners.
Moreover, Bitcoin.com’s Mining Pool is leading the change for bigger blocks by voting with hashpower to end congestion within the network.
In addition to the pool, Oldenburg reveals that a transaction accelerator platform is also coming in the near future.

 

[Lauda]

Segwit's main side effect of stealing transaction fees from the miners is why they will never activated it.

No. You are confusing Segwit with LN. Although it is fairly ironic that you're making false claims.

You call me a BU shrill but can't handle it when it is apparent you are a Segwit Shrill.

No. I support a lot of things, one of which isn't "emergent consensus".

By the way , my cross eye feline, you misspelled ZEIT .

Regardless of the correct spelling, it remains a shitcoin.

[kiklo]

Segwit's main side effect of stealing transaction fees from the miners is why they will never activated it.

No. You are confusing Segwit with LN. Although it is fairly ironic that you're making false claims.

You call me a BU shrill but can't handle it when it is apparent you are a Segwit Shrill.

No. I support a lot of things, one of which isn't "emergent consensus".

By the way , my cross eye feline, you misspelled ZEIT .

Regardless of the correct spelling, it remains a shitcoin.

Without Segwit, there is No Trustless LN, can't have one without the other, or are you still lying about it.

Regardless of your Bad spelling , you still remain a shithead.  

Since you Mention ZEIT, here is how it compares with BTC

LN Offchain Fraction Reserve Counterfeit Coins verses ZEIT ONCHAIN non-counterfeit-able Coins.
       BTC still low transaction capacity             verses 20X BTC Transaction Capacity
       BTC still an Energy Hog                          verses  Energy Efficient (less than a video game)
       Increasing Transaction fees                     verses  a Low Fixed Transaction Fee
       Rich can jump ahead by higher fees          verses all transactions included in the order they were created
       Profit Potential at best 10X                    verses Profit Potential in the Millions
       BTC Full Nodes receive no payment          verses  ZEIT's Full Nodes can receive Transactions fees for every block , they stake  

Sorry , once we move to ultra low inflation (only .0005% per year) ,
all of the other coins including LN's Ass is Grass and ZEIT will be the LawnMower.  


FYI:
BTC is down today at  (-4.31%)
ZEIT is up today at (+57.68%) , investors will smarten up soon enough.  

 

[shield132]

Luptin, you posted example of spam transaction. By your words this means that spam transactions are making confirmation low and that's why we see fatal unconfirmations, even with blockchain.infom's medium fee, my transaction took more than 1 day for confirmation.
Wasn't that thought that many transaction would make confirmation slow? Won't there be done any fork to fix that issue? It seems, with this way, transactions will be terrible in future.

[Lauda]

Without Segwit, there is No Trustless LN, can't have one without the other, or are you still lying about it.

Of course you can. LN primarily requires a malleability fix. One such fix is called FlexTrans and is provided by the same BU-shill-supporting-camp. Ironically.

Since you Mention ZEIT, here is how it compares with BTC

Nobody cares about your fake comparison. ZEIT always was and always will remain a shitcoin.

[kiklo]

Without Segwit, there is No Trustless LN, can't have one without the other, or are you still lying about it.

Of course you can. LN primarily requires a malleability fix. One such fix is called FlexTrans and is provided by the same BU-shill-supporting-camp. Ironically.

Since you Mention ZEIT, here is how it compares with BTC

Nobody cares about your fake comparison. ZEIT always was and always will remain a shitcoin.

Well then shithead quit bringing it up, if you don't want to talk about it.
The Comparison was accurate.
* ZEIT also does not have a malleability problem , since we process transactions in the order they arrive and don't let others jump ahead of others like BTC. *


Yeah right , no one wants the offchain crap LN, which is why segwit & flextrans are being ignored.

 

[Lauda]

* ZEIT also does not have a malleability problem , since we process transactions in the order they arrive and don't let others jump ahead of others like BTC. *

Took me a while to actually find information about this shitcoin. Look at the amazing volume:

Yeah right , no one wants the offchain crap LN, which is why segwit & flextrans are being ignored.

That's why Zander and BU fanatics are promoting Flextrans. Even Roger Ver, the main BU advocate is in support of LN. Clearly these topics are way beyond your brain capabilities.

[kiklo]

* ZEIT also does not have a malleability problem , since we process transactions in the order they arrive and don't let others jump ahead of others like BTC. *

Took me a while to actually find information about this shitcoin.

ZEIT also hit $6.8 Million Dollar Market cap on Nov 17th, some people sold their coins for 30X what they purchased them at.
You will not see that type of performance with BTC anymore.
You Lauda don't ever need to buy any ZEIT, because I hate to see you profit with everyone else next year.  

Yeah right , no one wants the offchain crap LN, which is why segwit & flextrans are being ignored.

That's why Zander and BU fanatics are promoting Flextrans. Even Roger Ver, the main BU advocate is in support of LN. Clearly these topics are way beyond your brain capabilities.

Segwit is not activated , Flextrans is not activated,
Clearly the people that matter don't care about LN , Segwit or You for that matter.  


 

FYI:
Your BTC hubris is funny , it is like you all forgot, that BTC 1st 2 years of Life it's Market cap was ~Zero .
And it had no competition at all.
ZEIT just turned 3 years old , with thousands of coins competing against it, and our MK is over $200,000 .
By the time we are 9 years olds, ZEIT will have a higher Market Cap than BTC.
Just a matter of Time, not an if but a When.

[paul gatt]

This is becoming more and more important, the frequency of it appearing more and more, and there is no one solution to handle it. It's boring to wait. We all need a new technology, something that does not have many bugs, and especially it does not happen. While bitcoin is increasing, many transactions need to be handled, this stuck always happens, the frequency is increasing. A new technology or a radical remedy, that is what we need, that's what the whole world needs.

[dinofelis]

Every single altcoin will face the same issues. It looks like people can't grasp the reality that fleeing to an altcoin != solution. It equals to shifting the problem from location A to location B. The scamcoins like ETH, Dash, et. al are another story.

Well, there are altcoins with hard limits, like bitcoin ; there are altcoins with extensible blocks too, without hard limits.  The first ones will face exactly the problem bitcoin is facing, but only when they "get filled up".  The second ones will be able to accommodate until they hit smoother, and more practical, technology-related issues.  Some alt coins have centralized decision infrastructures that can modify things in a centralized way, deciding one way or another.  

But the biggest difference between bitcoin on one side, and altcoins, on another side, is that there's (for the moment) only one bitcoin block chain, and there are MANY alt coins.  While the number of bitcoin chains is limited (to 1), the number of altcoin block chains is essentially unlimited.

So when bitcoin is "filled up" and reaches its limit of transactions (that's about right now), an altcoin can still "fill up".  When that altcoin is "full", yet another altcoin can start filling in.  And so on.

Bitcoin's legendary immutability will make it what it is today.  Exactly the same forceful immutability and consensus mechanism will make it impossible for bitcoin to do anything else but remain bitcoin.  I seriously doubt that the block size will change, that Segwit will get accepted, or that any other important change will ever happen to bitcoin, because of, exactly, bitcoin's legendary immutability.

Bitcoin has a huge first mover advantage, and a huge "moral high ground", which is why, 8 years later, bitcoin is still number 1.  But it is hitting its technical limits, as they were laid down long ago.   Alt coins have been living in bitcoin's shadow for most of this time, even though many of them are now technically superior, because they could implement solutions to bitcoin's shortcomings that bitcoin cannot implement (because of its immutability).  Bitcoin being "full", this will start eroding bitcoin's leadership ; alt coins will be able to fill in the room that bitcoin cannot take.

I'm not saying that a *single* altcoin will overtake bitcoin.  I'm saying that once bitcoin's unique position as first mover is being eroded sufficiently by practical problems (full blocks, high fees, long delays, no privacy, Chinese centralization...), *several* altcoins will fill in the gap, and bitcoin will be a crypto like any other alt coin in the long run, after its first mover edge has been eroded away.

Even though every single block chain will run into capacity problems, *a lot of independent block chains* are able to scale: just add more chains.

[jonald_fyookball]

In order for one to become a miner, all he/she has to do is purchase mining devices. This requires practically zero knowledge about Bitcoin and the underlying protocol. Why exactly would you give more power to those with arguably very limited knowledge?
 

That's how PoW works.

If you want to go ahead and invent 'proof-of-knowledge' , I'll cheer you on.   

[Echye]

It has even passed 100k sometimes, but yeah something rather than just to keep increasing the fees has to be done or wel'll see that great downfall very soon

[dinofelis]

If you want to go ahead and invent 'proof-of-knowledge' , I'll cheer you on.  

Is a well-established consensus protocol, working for ages. Also called "religion".

[megynacuna]

It has even passed 100k sometimes, but yeah something rather than just to keep increasing the fees has to be done or wel'll see that great downfall very soon

It's very terrible I currently have a pending transaction for the past 14 hours. Just crazy to say the least. What's happening to this fine payment processor?

[Gimpeline]

It has even passed 100k sometimes, but yeah something rather than just to keep increasing the fees has to be done or wel'll see that great downfall very soon

It's very terrible I currently have a pending transaction for the past 14 hours. Just crazy to say the least. What's happening to this fine payment processor?

A joke called BU

[antonioa]

It has even passed 100k sometimes, but yeah something rather than just to keep increasing the fees has to be done or wel'll see that great downfall very soon

It's very terrible I currently have a pending transaction for the past 14 hours. Just crazy to say the least. What's happening to this fine payment processor?

A joke called BU

I also have some transactions that are not confirmed for several days. But I have a large commission. I even tried to speed up the confirmation of transactions through special sites, but there's no use

[AngryDwarf]

I did a withdrawal from an exchange for a 0.2mBTC fee. They sent a transaction with one input and two outputs from a 1 BTC UTXO with a 200sats/byte fee, or 0.45mBTC. It confirmed within 3 blocks.

[Lauda]

ZEIT just turned 3 years old , with thousands of coins competing against it, and our MK is over $200,000 .

ZEIT was, is, and will remain trash. No matter how much you try to sell it.

But the biggest difference between bitcoin on one side, and altcoins, on another side, is that there's (for the moment) only one bitcoin block chain, and there are MANY alt coins.  While the number of bitcoin chains is limited (to 1), the number of altcoin block chains is essentially unlimited.

So when bitcoin is "filled up" and reaches its limit of transactions (that's about right now), an altcoin can still "fill up".  When that altcoin is "full", yet another altcoin can start filling in.  And so on.

Why would sane people, with any non negligible amount of capital, move towards coins with random 'developers', no peer review or research behind them? Anyhow, whilst what you preach may not be a bad thing, you are looking at it the wrong way. Not altcoins, but sidechains is what we require.

Bitcoin's legendary immutability will make it what it is today.  Exactly the same forceful immutability and consensus mechanism will make it impossible for bitcoin to do anything else but remain bitcoin.  I seriously doubt that the block size will change, that Segwit will get accepted, or that any other important change will ever happen to bitcoin, because of, exactly, bitcoin's legendary immutability.

Not having any protocol upgrades on that level is not exactly a 'pro'. Immutability does not get harmed with consensus based upgrades of the protocol.

Even though every single block chain will run into capacity problems, *a lot of independent block chains* are able to scale: just add more chains.

Again, sidechains.

In order for one to become a miner, all he/she has to do is purchase mining devices. This requires practically zero knowledge about Bitcoin and the underlying protocol. Why exactly would you give more power to those with arguably very limited knowledge?

That's how PoW works.

If you want to go ahead and invent 'proof-of-knowledge' , I'll cheer you on.   

I don't have any plans on giving mindless zombies more power over the Bitcoin network. The main people who would advocate against 'proof-of-knowledge' are exactly those who lack it.

It's very terrible I currently have a pending transaction for the past 14 hours. Just crazy to say the least. What's happening to this fine payment processor?

Bitcoin is not a payment processor. I had to facepalm when I read this.

I did a withdrawal from an exchange for a 0.2mBTC fee. They sent a transaction with one input and two outputs from a 1 BTC UTXO with a 200sats/byte fee, or 0.45mBTC. It confirmed within 3 blocks.

Keep in mind that a high fee doesn't technically guarantee anything. A miner may not even have received your TX in time to include it into his/her next block, they may mine an empty block or just not include it for whatever reason.

[Velkro]

There are delays in bitcoin network, but its still valuable as gold currently.
I mean, we could rush changes but thats dangerous to value of bitcoin.