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Author Topic: Bitcoin/Blockhain is dead.  (Read 3059 times)
miningdude (OP)
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March 07, 2017, 04:27:29 PM
 #1

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.
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March 07, 2017, 04:36:07 PM
 #2

Bitcoin's value is being held up by investors and traders, but its use as a cryptocurrency, the only thing it was actually supposed to be, is dwindling.

I don't think Bitcoin is dead though.  There will always be a way through this because if miners feel that people will give up and stop doing transactions, that'll be an incentive to actually sort out the network by implementing SegWit, which I do believe will happen eventually and Bitcoin will become scalable.

You're right though, for now, Bitcoin is pretty annoying.  My transaction with over 3mBTC of barely 10mBTC took over 2 days to confirm.  This is not the consistency and professionalism that a great network like Bitcoin should have.
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March 07, 2017, 04:41:05 PM
 #3

Bitcoin is not suitable for low value transactions, at least not anymore, try litecoin, cheap transactions, fast confirmations.

I predict in 2017 bitcoin will achieve new all time highs and neither Segregated Witness nor Bitcoin Unlimited will be adopted, so if you want to do low value transactions you'll need to find an alternative.

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March 07, 2017, 05:11:47 PM
 #4

You aleready posted in annother section of the forum.

Next time, think about using this : https://bitcoinfees.21.co Before sending a transaction, it will show you what are the most accepted transactions/fee ratio (because it is calculated based on the size), they also teach you how to estimate the fee depending on how long you want it to be confirmed. Or you can use the solutions i told you about.
Maybe one of the best solutions would be a TX aggregator, i think it is possible, but i don't know if someone did it, so instead of sending small TXs like yours directly, you send them to an aggregator who pushs all TXs at once.
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March 07, 2017, 05:19:58 PM
 #5

Ok, and all transactions are getting unconfirmed with even 2$ fees,
Not true.

I have now to pay 1-10$ each time when send transaction
Also not true. The needed fee it depends on the size of the transaction in the first place and there's no need for large fees all the time (just the right amount would be enough).

also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic
Haven't noticed any issue about transactions not showing up on explorers unless they've been dropped by a particular node which is normal (perhaps it's just the browser that you use, clear the cache). About the few reported automatic double spend issues, if you're using an online wallet provider, it's best to switch to another instead (there could always be some bugs that gets sorted out).

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.
Have read this line a thousand times and yet, were here Shocked

Unfortunately, almost all the recent issues that I've noticed, fall down under a human error and lack of knowledge towards it's usage and the first thing everyone does, is to blame BTCitcoin.

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March 07, 2017, 05:27:56 PM
Last edit: March 07, 2017, 05:38:12 PM by defcon23
 #6

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transactions and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well, I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

nothing to do with blockchain dude ...  that's a global problem actually, some people tend to want thank's to  Blockstream & Core's devs for their bad "economic decisions" ..  Grin

& sincerely...  I have to agree too.  ( and there's legion to think in the same way, even if they don't clearly expose it..)
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March 07, 2017, 05:55:25 PM
 #7

I could only agree, it's sad how long it's taken for the community to agree on a scaling method, and it's still not decided. I'm afraid people might start using other coins and abandoning Bitcoin if this continues Embarrassed
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March 07, 2017, 06:00:34 PM
 #8

I could only agree, it's sad how long it's taken for the community to agree on a scaling method, and it's still not decided. I'm afraid people might start using other coins and abandoning Bitcoin if this continues Embarrassed

The things are not so bad and people will not abandon Bitcoin just like that, over night. This is just another topic about Bitcoin beeing dead that will not come true. And other coins are not so good, don't have that value and can't so easily replace Bitcoins so there is no fear of that. Situation will settle.

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March 07, 2017, 06:01:11 PM
 #9

I could only agree, it's sad how long it's taken for the community to agree on a scaling method, and it's still not decided. I'm afraid people might start using other coins and abandoning Bitcoin if this continues Embarrassed

absolutely !   time is coming for a real debate on this damn scaling issue.  ( by the way, serious people yell about this problem since a long time. )  ie: Rogerver, who had made a pretty good analyse of the situation long times ago ..  ( and have suggested some damn good solutions!  )


I could only agree, it's sad how long it's taken for the community to agree on a scaling method, and it's still not decided. I'm afraid people might start using other coins and abandoning Bitcoin if this continues Embarrassed

The things are not so bad and people will not abandon Bitcoin just like that, over night. This is just another topic about Bitcoin beeing dead that will not come true. And other coins are not so good, don't have that value and can't so easily replace Bitcoins so there is no fear of that. Situation will settle.

NO: nothing to do ..  people have to:

1: realised and debate about the problem "seriously"
2: take a decision! (solutions are just here, already suggested..)


scaling time !
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March 07, 2017, 06:07:54 PM
 #10

Bitcoin is not suitable for low value transactions, at least not anymore, try litecoin, cheap transactions, fast confirmations.

I predict in 2017 bitcoin will achieve new all time highs and neither Segregated Witness nor Bitcoin Unlimited will be adopted, so if you want to do low value transactions you'll need to find an alternative.

Better to use a coin that will likely replace bitcoin. Just use Dash. Has integrated tumbler and you can choose instant transaction.

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March 07, 2017, 06:24:19 PM
 #11

Bitcoin is not suitable for low value transactions, at least not anymore, try litecoin, cheap transactions, fast confirmations.

I predict in 2017 bitcoin will achieve new all time highs and neither Segregated Witness nor Bitcoin Unlimited will be adopted, so if you want to do low value transactions you'll need to find an alternative.

Better to use a coin that will likely replace bitcoin. Just use Dash. Has integrated tumbler and you can choose instant transaction.

Dash is too shady, premined as fuck and way too pumped, the risk is very high, if people want to make business, a stable and transparent coin is better.

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March 07, 2017, 06:28:59 PM
 #12

It's happening because there are many people sending transaction, using Bitcoins, that is a good thing. Bitcoin won't die because of it, it's just necessary to upgrade Blockchain to solve this issue. The problem is that Bitcoin community doesn't fully agree about what must be done and it's taking too much time to choose a solution for this. It's time to choose a solution, at least give it a try...

 
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March 07, 2017, 08:16:10 PM
 #13

It's happening because there are many people sending transaction, using Bitcoins, that is a good thing. Bitcoin won't die because of it, it's just necessary to upgrade Blockchain to solve this issue. The problem is that Bitcoin community doesn't fully agree about what must be done and it's taking too much time to choose a solution for this. It's time to choose a solution, at least give it a try...

They better make it snappy because these delays are driving me crazy, how can a simple transaction takes this long to confirm?
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March 07, 2017, 08:26:11 PM
 #14

The problem moving forward is the Chinese mining farms. They want all those high transaction fees on top of the bitcoin they mine. Who wouldn't. I use LTC now where I can. When I transfer BTC funds from one exchange to another or my wallets then I expect a 1 day delay.
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March 07, 2017, 08:31:56 PM
 #15

Bitcoin is not suitable for low value transactions, at least not anymore, try litecoin, cheap transactions, fast confirmations.

I predict in 2017 bitcoin will achieve new all time highs and neither Segregated Witness nor Bitcoin Unlimited will be adopted, so if you want to do low value transactions you'll need to find an alternative.

Better to use a coin that will likely replace bitcoin. Just use Dash. Has integrated tumbler and you can choose instant transaction.

Dash is too shady, premined as fuck and way too pumped, the risk is very high, if people want to make business, a stable and transparent coin is better.


Knowing very little about alts (other than that none have caught on in a big way), I would agree.  In a competition, usually there is only one winner, and to date Bitcoin is it.

It does look like making micro-payments is dead for now.  I will be sending virtually all of my transactions for a higher fee.

It disappoints me that the miners & developers cannot fix this.  And while BTC is certainly not dead, this kind of infighting and sloth in coming to an agreement opens the door for an eventual Bitcoin Death Experience.
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March 07, 2017, 08:35:17 PM
 #16

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

Yep. It is huge problem for Bitcoin. Price is rise but service is decline, while customers have chance to choice other cheap and fast blockchain services.

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March 07, 2017, 08:42:46 PM
 #17

I don't think Bitcoin is dead, but I'd sure like to see a decent scaling solution implemented as soon as possible.
Having to deal with these high fees for weeks now really limits the ability to send small amounts.

I've been using Litecoin more often than before, I hope they'll get to the segwit activation threshold soon.

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March 07, 2017, 08:51:39 PM
 #18

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

Yep. It is huge problem for Bitcoin. Price is rise but service is decline, while customers have chance to choice other cheap and fast blockchain services.

i agree, bitcoin is carried too much burden on the blockchain, yes! this will be a huge issue in the near future

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March 07, 2017, 08:52:17 PM
 #19

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

Yep. It is huge problem for Bitcoin. Price is rise but service is decline, while customers have chance to choice other cheap and fast blockchain services.

This is not a reason to say that bitcoin is dead. There is still great potential for him. Just need to solve some technical issues with block size and network performance
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March 07, 2017, 09:21:12 PM
 #20

So yeah, yesterday I sent a transaction of 18$ to a guy, now when I told him to delivery service, he said I didn't send and when I checked it shows 0 transaction and 0 balance

Ok, and all transactions are getting unconfirmed with even 2$ fees, I have now to pay 1-10$ each time when send transaction also seems like blockchain is down, it doesn't show the balance when the transaction is left the wallet or so it double spend automatic

Well I have to say this is the end of the bitcoins, seems some merchant doesn't accept it anymore, well good job bitcoin dev.

Yep. It is huge problem for Bitcoin. Price is rise but service is decline, while customers have chance to choice other cheap and fast blockchain services.

This is not a reason to say that bitcoin is dead. There is still great potential for him. Just need to solve some technical issues with block size and network performance

How to resolve high fee? Interesting.  Wink Due to bitcoin halving, fee will high more in the future. If you don't pay good fee to miners, they will delay your transactions. I can't feed miner anymore. Blockchain is simple. Don't need expensive like POW. check it: https://medium.com/@lhartikk/a-blockchain-in-200-lines-of-code-963cc1cc0e54#.vh2h1mqat

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