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Author Topic: aaaand here we go again  (Read 3735 times)
jonald_fyookball (OP)
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April 14, 2017, 02:01:50 AM
 #1

almost 70k unconfirms in the mempool.

https://blockchain.info/unconfirmed-transactions

Today's congestion brought to you by 1-meg Greg and all the Blockstream superfriends.  Go team!


"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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April 14, 2017, 02:42:42 AM
 #2

It can be seen as also the miners' fault. Core does not have all the power to change everything. They have a proposal, it is Segwit. It is clear that the support behind it is not enough, then why blame everything to them? The miners are also at fault here. I have a feeling they want everything to stay as is so that they enjoy more profit if the fees remain high.

It could also be them who is spamming the network. Spend a little in fees to get a little profit in fees.

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April 14, 2017, 02:46:10 AM
 #3

Seg-wit barely kicks the can down the road. It's not a real scaling solution.
The Sceptical Chymist
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April 14, 2017, 02:59:15 AM
 #4

Yeah, my sig campaign earnings have been stuck in the network all day, but luckily I'm not standing in line at Starbucks paying for my coffee with bitcoin.  Ugh.

This is why bitcoin sucks as money, and it's kind of hard to deny if you're honest.  Nobody in their right mind would switch from fiat to bitcoin.

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jonald_fyookball (OP)
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April 14, 2017, 03:08:06 AM
 #5

It can be seen as also the miners' fault.  Core does not have all the power to change everything. They have a proposal, it is Segwit. It is clear that the support behind it is not enough, then why blame everything to them? The miners are also at fault here. I have a feeling they want everything to stay as is so that they enjoy more profit if the fees remain high.

It could also be them who is spamming the network. Spend a little in fees to get a little profit in fees.


Imagine two mechanics own an autobody shop and there's a car that needs an oil change.
One guy wants to do it the simple way: drain the old oil, and pour in the new oil.
The other mechanic says "no no, we can't do it that way, we might spill some oil,
so we're going to do a fancy engineering project that will cost 5000x as much.
It will involve dissassembling the car, building a separate garage, its going to
take 2 years, but that's my plan."  If the mechanics disagree, who's fault is it?

Raising the blocksize is the obvious simple move (literally 1 line of code), and it was the Satoshi's plan from the beginning.
Miners all favored it, but it was Core who blocked that with their influence, and then came out with segwit which is
literally 5000 times more complex (5000 lines of code).  

You decide who is at fault.



 

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April 14, 2017, 03:41:27 AM
 #6


Raising the blocksize is the obvious simple move (literally 1 line of code), and it was the Satoshi's plan from the beginning.
Miners all favored it, but it was Core who blocked that with their influence, and then came out with segwit which is
literally 5000 times more complex (5000 lines of code).  

You decide who is at fault.


That means Core rulezzzzz..... and miners not.


     
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Slark
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April 14, 2017, 03:56:37 AM
 #7

Today's congestion brought to you by 1-meg Greg and all the Blockstream superfriends.  Go team!
At times like now I don't believe that this is natural to have over 70k unconfirmed tx, bitcoin network is under another spam attack.
Realistically you can blame all involved parties for this problem, as both Bitcoin Unlimited and Core are to blame for stagnating the solution.





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April 14, 2017, 04:06:21 AM
 #8

Today's congestion brought to you by 1-meg Greg and all the Blockstream superfriends.  Go team!
At times like now I don't believe that this is natural to have over 70k unconfirmed tx, bitcoin network is under another spam attack.
Realistically you can blame all involved parties for this problem, as both Bitcoin Unlimited and Core are to blame for stagnating the solution.

... or miners.
you know that they are the ones taking the most out of this situation.
no so long ago, without the spam attack, the total fee they earned was less than 0.5BTC and now it has gone up to 1.5BTC (3x increase) which means 3x more profit aka ~$1200 more free money.

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April 14, 2017, 04:18:05 AM
 #9

Beg your pool operator overlords to fix it for you!

They can do it via the

obvious simple move (literally 1 line of code)

If you aren't the sole controller of your private keys, you don't have any bitcoins.
jonald_fyookball (OP)
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Core dev leaves me neg feedback #abuse #political


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April 14, 2017, 04:22:52 AM
 #10

Beg your pool operator overlords to fix it for you!

They can do it via the

obvious simple move (literally 1 line of code)

Bitclub pool just moved over from segwit to BU.  only 3 pools left signaling SW now.

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April 14, 2017, 04:37:37 AM
 #11

almost 70k unconfirms in the mempool.

https://blockchain.info/unconfirmed-transactions

Today's congestion brought to you by 1-meg Greg and all the Blockstream superfriends.  Go team!



Everyone knows jonald_fyookball is an anti-core, anti-blockstream shill.

Well, if you didn't know, now you know  Cheesy

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
jonald_fyookball (OP)
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Core dev leaves me neg feedback #abuse #political


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April 14, 2017, 04:45:04 AM
 #12

almost 70k unconfirms in the mempool.

https://blockchain.info/unconfirmed-transactions

Today's congestion brought to you by 1-meg Greg and all the Blockstream superfriends.  Go team!



Everyone knows jonald_fyookball is an anti-core, anti-blockstream shill.

Well, if you didn't know, now you know  Cheesy

if by 'shill' , you mean unpaid advocate for on chain scaling, Satoshi's vision of Bitcoin, and the entire community...then yes, guilty as charged.

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April 14, 2017, 04:58:28 AM
 #13

Beg your pool operator overlords to fix it for you!

They can do it via the

obvious simple move (literally 1 line of code)

Bitclub pool just moved over from segwit to BU.  only 3 pools left signaling SW now.
As you said, there are still 3 pools: BitFury, BTCC and Slush Pool supporting SegWit.  

What is interesting despite Bitclub's switch BU support seems to be lower than usual with only 36.7%

According to simple math: 29,6% of miners are not signalling any form of upgrade, they can join either BU or SegWit.
if by 'shill' , you mean unpaid advocate for on chain scaling, Satoshi's vision of Bitcoin, and the entire community...then yes, guilty as charged.
Do you seriously think that emergent consensus is something that Satoshi would like to have?

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April 14, 2017, 04:59:05 AM
 #14

if by 'shill' , you mean unpaid advocate for on chain scaling, Satoshi's vision of Bitcoin, and the entire community...then yes, guilty as charged.

If true (in bold), we wouldn't be having this same discussion for the past three, maybe four, years now.

But hey, I know you wouldn't dare let a little truth interfere with your narrative.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
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April 14, 2017, 05:03:35 AM
 #15

Yeah, 70,000 garbage, no-fee transactions by tumblers and gambling sites.

The tumblers can go to hell. Bitcoin is not supposed to be Mastercard. It is a settlement system for people transferring significant amounts of money, not jokers buying sandwiches and playing nickel slots.

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April 14, 2017, 05:23:09 AM
 #16

if by 'shill' , you mean unpaid advocate for on chain scaling, Satoshi's vision of Bitcoin, and the entire community...then yes, guilty as charged.

If true (in bold), we wouldn't be having this same discussion for the past three, maybe four, years now.

But hey, I know you wouldn't dare let a little truth interfere with your narrative.

Exactly.

"The entire community" rejected 3 separate big blocks proposals in as many years. jonald is obsessed with talking (and lying) about the case for big blocks, as usual

Vires in numeris
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April 14, 2017, 05:32:52 AM
 #17

Beg your pool operator overlords to fix it for you!

They can do it via the

obvious simple move (literally 1 line of code)

Bitclub pool just moved over from segwit to BU.  only 3 pools left signaling SW now.
They have set a flag not to accept any block bigger than 1MB while they're signalling BU, that means even if the hash power supports BU to do a hard fork they won't accept any block bigger than 1MB.
As you say it only 1 line of code but is BU only about 1 line of code? and if it is then you think miners are stupid not to support that?
Just now you could do it yourself, take Core code and change 1MB max block size to 1.25 or 1.5 or whatever and then propose it.
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April 14, 2017, 05:54:28 AM
 #18

Yeah, 70,000 garbage, no-fee transactions by tumblers and gambling sites.

The tumblers can go to hell. Bitcoin is not supposed to be Mastercard. It is a settlement system for people transferring significant amounts of money, not jokers buying sandwiches and playing nickel slots.

well that's a problem because you are saying that bitcoin is only for the rich, and the poorer can go fuck themselves, but the pooerer have the ability to make bitcoin adoption happen

if you want bitcoin to be widely accepted everywhere, you must allow for micro transaction, to be true, perhaps through some other gateway of payment, but it must be done

and actually those transaction with lower fee, are doing a good thing by lowering the average, instead of following the rally of "who pay more get it faster", that is a bad habit, which is in fact rising the average cost of the fee
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April 14, 2017, 06:01:45 AM
 #19

Yeah, my sig campaign earnings have been stuck in the network all day, but luckily I'm not standing in line at Starbucks paying for my coffee with bitcoin.  Ugh.

This is why bitcoin sucks as money, and it's kind of hard to deny if you're honest.  Nobody in their right mind would switch from fiat to bitcoin.

Absolutely. Bitcoin is so impractical to be used as money especially on a daily basis and on a face to face payment. Bitcoin has its own advantage over fiat and fiat to bitcoin. We can still see that fiat is on top of bitcoin until who knows when.
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April 14, 2017, 06:09:55 AM
 #20

Yeah, my sig campaign earnings have been stuck in the network all day, but luckily I'm not standing in line at Starbucks paying for my coffee with bitcoin. Ugh. This is why bitcoin sucks as money, and it's kind of hard to deny if you're honest.  Nobody in their right mind would switch from fiat to bitcoin.

Indeed, it can be a funny thing if you are in a restaurant, you are using Bitcoin and you are about to go home but you have to wait for 3 days in there because the money is not yet transferred lol. Anyway, Bitcoin is still a young thing and I am sure that soon things can have a viable and acceptable solutions. Now, Bitcoin will never replace fiat for many reasons, they can co-exist and can even be complimentary just like cards and cash today. I could not imagine paying Bitcoin for agricultural goods of ordinary farmers here in my loving country...that would be insane. Anything that is man-made will always have limitations no matter how high can the potentials be.
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