Idrisu
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March 07, 2017, 09:27:23 PM |
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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.
Merchant are not accepting bitcoin as a currencies because bitcoin is been treated as stock, gold and others commodity. But going through bitcoin white paper one can easily find out that bitcoin was created as a crypto currencies but people are now treating as property, this has gone in a long way of make investors to undermined bitcoin value.
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funbarrel
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March 07, 2017, 10:05:49 PM |
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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.
Merchant are not accepting bitcoin as a currencies because bitcoin is been treated as stock, gold and others commodity. But going through bitcoin white paper one can easily find out that bitcoin was created as a crypto currencies but people are now treating as property, this has gone in a long way of make investors to undermined bitcoin value. that's definitely not the reason why they are not accepting bitcoins at the moment, the actual reason is that some people still don't trust bitcoins and think that they might have some troubles because of it what is just ridiculous, isn't it? Besides that bitcoins are still not adopted high enough by the people of the world thus it wouldn't be too profitable for merchants to accept it. However I cannot agree that bitcoin and blockchain is dead, because it is still pretty new and it is going to become bigger in the future.
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AngryDwarf
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March 07, 2017, 10:09:37 PM |
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Bitcoin/blockchain isn't dead. It's going through stunted growth pains due to the influence of self interested bad actors.
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bawga
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communitypool
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March 08, 2017, 12:25:14 AM |
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Bitcoin/blockchain isn't dead. It's going through stunted growth pains due to the influence of self interested bad actors.
Blockchain is good. It is future. But bitcoin is worse day by day.
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shinratensei_
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March 08, 2017, 01:14:31 AM |
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I just think if this is a FUD for the bitcoin itself. But can you prove your statement with your txid? And i don't really believe your word. Because yesterday i send my bitcoin with a cent fees and really fast. 15 minutes for a confirmation.
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c789
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March 08, 2017, 06:21:13 AM |
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Bitcoin has been declared dead so many times now that it's somewhat of a joke: https://99bitcoins.com/bitcoinobituaries/Bitcoin is having growing pains. It's still new. It will do well over time.
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ASHLIUSZ
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March 08, 2017, 06:37:31 AM |
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As said it's still new which has gained popularity in a very short time period. As it is new only when problem arises it can be rectified. So when it experience small fall and rises again people should not get panic that it has failed or dead. The more problems overcome makes it stronger.
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jossiel
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March 08, 2017, 06:48:30 AM |
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Very funny on how these people keep on telling that bitcoin will be dead very soon. It's enough people, accept your loss bitcoin is getting stronger.
And when it comes to the fees, it's just normal that the fees are getting higher because of the price last days is at the peek.
OP is just experiencing bad thing on bitcoin so he is telling that bitcoin is dead.
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Amph
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March 08, 2017, 06:48:46 AM |
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use transaction that are not so big in size, you should do good with $0.5-$1 in fee, $2 is overkill most of the time
or use bitcoin only to send big transaction and not micro payment, until the consensus is reached on the block limit fix solution nothing else can be done
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soul-impact
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March 08, 2017, 10:05:12 AM |
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Bitcoin/blockchain isn't dead. It's going through stunted growth pains due to the influence of self interested bad actors.
Blockchain is good. It is future. But bitcoin is worse day by day. it is all about the miners, they still refuse the segwit and it seems that they do not even care about this new technology. With segwit, many function will be upgraded, even the confirmation time. If it truly happens, we can happily hope that Bitcoin will become the next currency of our world and it will be certain that bitcoin will exist everywhere on this planet
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szpalata
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March 08, 2017, 11:27:15 AM |
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It's facing challenges with confirmation delays and huge fees but it is not dead so the doomsayers should excuse me. Just a little hitch and then you predict doom. Why don't you exercise some patience and let's try either segwit or BU or whatever fork or expansion of the block size before you conclude.
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piebeyb
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March 08, 2017, 11:31:16 AM |
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maybe you need to ask something on this thread would be possible if a lot of information for which you get, I think the future is good for bitcoin and blockchain start this year and not to die ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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paul gatt
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March 08, 2017, 11:50:26 AM |
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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.
We all have the same problem, the speed of confirmation, they are too slow, they are really dead, the blockchain is dying, it's a really bad thing. I am very disturbed, why do not they try to overcome, maybe they can not overcome it? They were everything, their technology was superior, but perhaps, they did not improve it, so it was dying.
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Xester
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March 08, 2017, 12:07:27 PM |
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Bitcoin/blockchain isn't dead. It's going through stunted growth pains due to the influence of self interested bad actors.
The author was just emotional about what happened to him. To express his emotions and disappointment to the current situation in terms of transaction confirmation he posted this kind of topic. But he is not serious about his post and the reason is because he is still doing a signature campaign and he is still expecting to be paid by bitcoins.
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20kevin20
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March 08, 2017, 12:37:27 PM |
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It's facing challenges with confirmation delays and huge fees but it is not dead so the doomsayers should excuse me. Just a little hitch and then you predict doom. Why don't you exercise some patience and let's try either segwit or BU or whatever fork or expansion of the block size before you conclude.
We have had many spikes and hikes in the history of Bitcoin, even huge ones like the difference between Dec. 2013 and the summer of 2015. The price difference was of +$700 and yet it didn't die. These things are happening with many currencies in the world, Bitcoin is the main virtual one. It won't die as soon as it is still usable, rare and partially untraceable, so used by many people that need safety.
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iqlimasyadiqa
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March 08, 2017, 01:56:09 PM |
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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.
bitcoin main problem today is that the longer the time of the transaction. everyone must be very disappointed and some people have already left the bitcoin. but for most people they persisted to use bitcoin, because they believe that bitcoin will become a global payment media.
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Alicia Keys
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March 08, 2017, 02:00:55 PM |
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The traffic jam and stuck on blockchain is a pain in the ass, it forces bitcoin to be scale as soon as possible, if don't do that very soon, bitcoin will lose many users.
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mmo_online_1981
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March 08, 2017, 02:11:59 PM |
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Now, Fee hight than before, If still hight than this times, may be not good for BTC
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bravehearth0319
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March 10, 2017, 02:12:22 AM |
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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.
Bitcoin blockchain was true and annoyed many of the bitcoin fanatic but in the end they still support it. Even many times happened that the transaction is delayed most often even you payed a higher fee sometimes its unavoidable it is still it takes an hour before it confirms. And my experience was 2 days almost before it confirmed to my wallet.
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maydna
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March 10, 2017, 02:19:17 AM |
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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.
Bitcoin blockchain was true and annoyed many of the bitcoin fanatic but in the end they still support it. Even many times happened that the transaction is delayed most often even you payed a higher fee sometimes its unavoidable it is still it takes an hour before it confirms. And my experience was 2 days almost before it confirmed to my wallet. that is true, bitcoin blockchain still run no matter is delayed or we only got pending confirmation, at least in the end, our transaction is full confirmed. there are so many transaction that have to be confirm by blockchain and its really need some other time to see the confirmation and this is our biggest problem with blockchain. many of us has been confusing about this and they still waiting for the transaction gets confirmed. bitcoin blockchain still works fine for all bitcoin user and we need to be patience to see the confirmation.
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