How today was my last btc transaction.

[btcgambler34]

Being a very active gambler i was usually pretty satisfied with btc. The stakes are higher then other sportsbook sites and i like the fact that i don't need any personal information. Well this all changed during recent events with the so called mempool. Just to make this clear, i have no idea how this all works and i don't care either,i just want it to work.

The problem with this is i play on various sites and most of the time i make last minute bets on games in different sports and the transactions have to be almost instant and be confirmed before the bets are being payed out to me again.

Most sites credit the btc after just 1 confirmation which by the looks of it is going to take hours again with almost 45.000 waiting transactions in the mempool. It happened before and it's happening again and it's time for me to say goodbye to bitcoin.

Any other people feeling the same like me who are tired of these slow confirmation like today?

[1714910798]

1714910798

[1714910798]

1714910798

[DannyHamilton]

Any other people feeling the same like me who are tired of these slow confirmation like today?

Pay a better transaction fee, get faster confirmation. Problem solved.

[btcgambler34]

Which in turn costs more then other traditional methods. Paying almost or even more then 10% of the amount being sent is ridiculous.
For large payments this is no issue. But for normal small payments it just doesn't make sense. Not when your making 20-50 transactions daily.

[jonald_fyookball]

Being a very active gambler i was usually pretty satisfied with btc. The stakes are higher then other sportsbook sites and i like the fact that i don't need any personal information. Well this all changed during recent events with the so called mempool. Just to make this clear, i have no idea how this all works and i don't care either,i just want it to work.

The problem with this is i play on various sites and most of the time i make last minute bets on games in different sports and the transactions have to be almost instant and be confirmed before the bets are being payed out to me again.

Most sites credit the btc after just 1 confirmation which by the looks of it is going to take hours again with almost 45.000 waiting transactions in the mempool. It happened before and it's happening again and it's time for me to say goodbye to bitcoin.

Any other people feeling the same like me who are tired of these slow confirmation like today?

The users want fast confirmations and low fees.  Blockstream controlled Core devs don't care what you want.  They're going to scale Bitcoin according to their own roadmap, and if you don't like, tough shit.

Any questions?

[olubams]

Any other people feeling the same like me who are tired of these slow confirmation like today?

Pay a better transaction fee, get faster confirmation. Problem solved.

Lol... The solution couldn't have come any faster than what you have given. Its just so simple if you say you want to leave bitcoin because of this issue you have raised, I bet you are still coming back because when you consider the revenue you will be losing if you had stayed, that will be the driving force back into the game and other advantages it has offered that will even overshadowed the cost which is the transaction fee ypou have quoted here...

[seradj0]

Being a very active gambler i was usually pretty satisfied with btc. The stakes are higher then other sportsbook sites and i like the fact that i don't need any personal information. Well this all changed during recent events with the so called mempool. Just to make this clear, i have no idea how this all works and i don't care either,i just want it to work.

The problem with this is i play on various sites and most of the time i make last minute bets on games in different sports and the transactions have to be almost instant and be confirmed before the bets are being payed out to me again.

Most sites credit the btc after just 1 confirmation which by the looks of it is going to take hours again with almost 45.000 waiting transactions in the mempool. It happened before and it's happening again and it's time for me to say goodbye to bitcoin.

Any other people feeling the same like me who are tired of these slow confirmation like today?

The users want fast confirmations and low fees.  Blockstream controlled Core devs don't care what you want.  They're going to scale Bitcoin according to their own roadmap, and if you don't like, tough shit.

Any questions?

seems one person here lol
maybe not ^^^

[btcgambler34]

Any other people feeling the same like me who are tired of these slow confirmation like today?

Pay a better transaction fee, get faster confirmation. Problem solved.

Lol... The solution couldn't have come any faster than what you have given. Its just so simple if you say you want to leave bitcoin because of this issue you have raised, I bet you are still coming back because when you consider the revenue you will be losing if you had stayed, that will be the driving force back into the game and other advantages it has offered that will even overshadowed the cost which is the transaction fee ypou have quoted here...

Depends on how you look at it. If i am unable to make fast bets i'm not earning at all. Like i said i'm not that tech savvy with btc. I just have a localbitcoins account to be able to buy and sell fast when needed. Without having the risk to lose more money with the btc price going down. Yes it can go up, but i'm not here to gamble on btc, i'm here to gamble on games.

[OneUnderBridge]

Being a very active gambler i was usually pretty satisfied with btc. The stakes are higher then other sportsbook sites and i like the fact that i don't need any personal information. Well this all changed during recent events with the so called mempool. Just to make this clear, i have no idea how this all works and i don't care either,i just want it to work.

The problem with this is i play on various sites and most of the time i make last minute bets on games in different sports and the transactions have to be almost instant and be confirmed before the bets are being payed out to me again.

Most sites credit the btc after just 1 confirmation which by the looks of it is going to take hours again with almost 45.000 waiting transactions in the mempool. It happened before and it's happening again and it's time for me to say goodbye to bitcoin.

Any other people feeling the same like me who are tired of these slow confirmation like today?

It looks like it is only going to get worse. Transaction fees are increasing, confirmation times are increasing, market cap is decreasing.  It looks bad. All the virtues admired most about the platform are all suffering. I myself am looking into alternative platforms as well. Bitcoin has become antiquated and saturated with greedy holders who don't appreciate its utility. The community needs something that works, not a bed of Tulips!

[btcgambler34]

Exactly. I mean wasn't the whole point of bitcoin to get rid of those money grabbing bankers. To be safer, faster and cheaper. The way it's going it will only be worse. At his point we are stuck with even wore people nobody knows who thy even are.
Once every week, month whatever they are able to get the fee price up and earn more in the process.

[maybach1980]

there are days that network is fast, and there are days that is slow
but today VERY slow,... how come?

[bitbollo]

You can solve easily with the correct size fee that is not related the amount you spend but is related to size of transaction.

for example if you spend more input (2>) for make one transaction you create a "bigger" transaction.
56.45 sat/B - 372 bytes - 2017-03-27 12:29:00
0 confirmation

but if you spend just 1 input for your transaction with the right kb/size you don't have this issue.
92.92 sat/B - 226 bytes - 2017-03-27 11:43:39
38 confirmation

Check here or for example the right size for a tx or google by yourself because it's full of sites about this.
bitcoinfees.info

[btcgambler34]

I just checked this and i foun one site that said it is recommended to add a 0.0008 for normal confirmations. This comes down to around $0,80 per transaction. This means that for small payments this is a ridiculous fee that even tops Gaypal.

[Victorycoin]

Any other people feeling the same like me who are tired of these slow confirmation like today?

Pay a better transaction fee, get faster confirmation. Problem solved.

Lol... The solution couldn't have come any faster than what you have given. Its just so simple if you say you want to leave bitcoin because of this issue you have raised, I bet you are still coming back because when you consider the revenue you will be losing if you had stayed, that will be the driving force back into the game and other advantages it has offered that will even overshadowed the cost which is the transaction fee ypou have quoted here...

Depends on how you look at it. If i am unable to make fast bets i'm not earning at all. Like i said i'm not that tech savvy with btc. I just have a localbitcoins account to be able to buy and sell fast when needed. Without having the risk to lose more money with the btc price going down. Yes it can go up, but i'm not here to gamble on btc, i'm here to gamble on games.

Each and everyone of us was attracted to Bitcoin by one or two of its unique attributes like low fees, instant transaction and above all a departure from the centralized approach to issues. Now all that is headed for the museum and that's not just a lone voice, these jinxs are suffocating Bitcoin though, I honestly do not see how the breakaway cartel of miners could proffer solutions for all that.

[gentlemand]

Yup. Super sluggish today. I don't know why. This happens on occasion.

But if I were a fast moving gambler there's no way I'd be relying on Bitcoin transactions to be in the right place at the right time regardless of how well the network's running. Even when things are fine you might find blocks are still a few minutes late.

It's not Paypal ticking a box in their database, it's a seething mass of computing all over the world. That will never be the last word in fast and immediately guaranteed transactions.

[andron8383]

Exactly. I mean wasn't the whole point of bitcoin to get rid of those money grabbing bankers. To be safer, faster and cheaper. The way it's going it will only be worse. At his point we are stuck with even wore people nobody knows who thy even are.
Once every week, month whatever they are able to get the fee price up and earn more in the process.

Yes but bitcoin as decentralized coin have its limits storage/network/cpu power. Its easy to call increase 1MB/2MB/3MB/100MB.
To increase BTC size to needed lvl of Visa we need datacenters.
Visa with 2000tx/s have is equal 1000MB blocks and 370 TB year
Do you really believe that full decentralized network can handle that ?
Where big blockers will stop at 1MB ? 2MB ? 20MB ? 200MB ?
This is dead end solution. To go over it you need to cut off blockchain technology from BTC and run something like decentralized speed-sheet with account values.

Those question are to easy but no matter what you want everywhere are problems.
People today hype ETH but in reality same problems with blocksize will go to them.
today so cheap ETH cost 0.05-0.1$ per tranfer... when BTC and ETH will have same market cap price will be THE SAME
if they lower it their clockchain will grow 10x faster.
And ETH apps will soon face... much HIGHER cost of running business yea.
And we are with ETH in same loop as BTC unless we get rid of blockchain

[richardsNY]

It's actually very simple, it's well known that transactions can take a while to confirm, even with appropriate fees added. If you want to place last minute bets, you should either make sure you have a certain amount of coins already in your account, or you just need to shift to a fiat based online casino. It's all up to you. By complaining here you don't solve anything.

[andron8383]

I just checked this and i foun one site that said it is recommended to add a 0.0008 for normal confirmations. This comes down to around $0,80 per transaction. This means that for small payments this is a ridiculous fee that even tops Gaypal.

That is why for small dust transactions we need 2nd layers solution to not divide main network.
It is impossible to run everything on main chain. Bitcoin got to popular. Eth have 1/3 transactions but they network is heavily rissing.
It will choke or blow up nodes hard disks.

[Holliday]

The users free shit army wants fast confirmations and low fees, and they don't give a damn who pays for it, nor do they care if it erodes the very thing that makes Bitcoin uniquely useful, and therefore valuable, in the first place!

FTFY!

[andron8383]

****
The users want fast confirmations and low fees.  Blockstream controlled Core devs don't care what you want.  They're going to scale Bitcoin according to their own roadmap, and if you don't like, tough shit.

Any questions?

Where is your blocksize limit at 2MB/20MB/200MB/2000MB ?
Visa has 2000TX/s so to be like Visa you need blockchain of size 1000MB / 370 TB of year.
How many independet nodes will you setup to play with that settings ?

OK we go and we have such blocks ... 1000MB blocks now we have 20 data centers - goverments thinks that will be great to have BTC as world currency but they will modyfy code so they can add as much BTC as they needed.
THey go with guns to datacenters / mining centers and force them to rund goverment fork .
THE END of true BTC. BTC ended like centralized Visa SHIT that have to obey all goverments rules.
More decentralized BTC is the harded is to hit it 1MB goes in both directions.
1-2MB is good protection against governments and centralization. Yea fee can be like 1$-100$ but it will be unstopable and resisant.
While any currency that want copy Visa will end centralized in datacenter like Visa.
Few DDOS and whole system is taken down.

[jonald_fyookball]

The users free shit army wants fast confirmations and low fees, and they don't give a damn who pays for it, nor do they care if it erodes the very thing that makes Bitcoin uniquely useful, and therefore valuable, in the first place!

FTFY!

Holliday, I respect you, but I think this idea that Bitcoin can be Gold 2.0 without first establishing widespread use is one of the dumbest ideas in the whole debate.

Scarcity alone doesn't provide value.  (e.g. Tulip Bulbs)

The security model doesn't work either imo -- kind of like how tax revenues go down when you raise the tax rate, because the base just shrinks.

But hey, we'll see.  I've been wrong before.