WOW!!! New Record 200622 Unconfirmed Transactions

[gentlemand]

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

I dunno. It's now fully integrated with Coinbase which removes a lot of friction. Bitpay is a different matter but these people are in business and they're not going to tie themselves to pointless ideology and sentimentality when there's money waiting to be made.

It could happen considerably faster than we expect but only if there's demand. Right now I can't see much evidence of the desire to spend LTC.

When it comes to wages I assume plenty of them are going straight to dollars. In that scenario people won't really care what coin it is as long as there's a dollar portal.

Most merchants just don't really worry about something like this as long as it isn't impacting their sales though.

It surely must be right now for the more modest stuff. Why would you bother buying a Steam game when the fees eat up a quarter of the cost?

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[Malooka]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

Which one is better  
Bitcoin is not broken, it is just under attack by few people/organization who like to centralize bitcoin network with their alternative bitcoin clients full of bugs.  

Many newbies are getting into bitcoin after seeing massive price growth on bitcoin but they try to save even a small sum of bitcoin for fee that adds more transactions to mempool.

Not broken?  Really?

When a transaction is stuck for days, it's broken.  And I can't increase the fee because of my old version of MultiBit:

https://blockchain.info/tx-index/4d69c58bea463608aa0ded4f025ed8933f2422106244d6c893441a627257b688

https://blockchain.info/tx-index/b435a0fe0150be8f6f244242205ee7e61eadd283b6abab007d7d19816a60d8f5

That first one was sent MAY 10.

export your private key and use a different wallet. Bitcoin is not broken if you are in need of a speedy transaction pay a higher fee.

Can anyone tell me how to get these through NOW?!  Without changing wallets?  NOW. Wonderful Bitcoin is costing me hundreds and thousands because the fucking transaction won't go through in a reasonable amount of time.  I have about 20 BTC now, and at this point I am really hoping it dies because it deserves it.

[avikz]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

If you think so, please donate all your bitcoins to me and I will take good care of them, I assure you! And for the unconfirmed transactions, I believe they are mainly because of no or low fees. I have made a transaction today from my offline wallet and it went through smoothly as envisaged. I haven't faced any problem.

However, for the small amount the transaction fees is really high now which may discourage some small time earner to use bitcoin and look for other alternatives. But for high value transactions, even if the fees is higher, it will going through smoothly.

[OROBTC]

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

I dunno. It's now fully integrated with Coinbase which removes a lot of friction. Bitpay is a different matter but these people are in business and they're not going to tie themselves to pointless ideology and sentimentality when there's money waiting to be made.

It could happen considerably faster than we expect but only if there's demand. Right now I can't see much evidence of the desire to spend LTC.

When it comes to wages I assume plenty of them are going straight to dollars. In that scenario people won't really care what coin it is as long as there's a dollar portal.

Most merchants just don't really worry about something like this as long as it isn't impacting their sales though.

It surely must be right now for the more modest stuff. Why would you bother buying a Steam game when the fees eat up a quarter of the cost?

For BTC accepting merchants selling larger value items, my guess is this won't affect sales at all.  The only thing I have ever bought for BTC was gold.  My timing, however, was not so great.  Buying with BTC only cost 1% more than wire transfer (which has its costs), so if you want something like that fast, BTC still is a winner.

providentmetals.com

jmbullion.com

[Malooka]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

If you think so, please donate all your bitcoins to me and I will take good care of them, I assure you! And for the unconfirmed transactions, I believe they are mainly because of no or low fees. I have made a transaction today from my offline wallet and it went through smoothly as envisaged. I haven't faced any problem.

However, for the small amount the transaction fees is really high now which may discourage some small time earner to use bitcoin and look for other alternatives. But for high value transactions, even if the fees is higher, it will going through smoothly.

Donate?  No. Transfer?  YES.

Give me a reasonable amount of ETH, LTC, or even others like NXS, and I will trade you it all right now.  Let's go.

[Malooka]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative  

Which one is better  
Bitcoin is not broken, it is just under attack by few people/organization who like to centralize bitcoin network with their alternative bitcoin clients full of bugs.  

Many newbies are getting into bitcoin after seeing massive price growth on bitcoin but they try to save even a small sum of bitcoin for fee that adds more transactions to mempool.

Not broken?  Really?

When a transaction is stuck for days, it's broken.  And I can't increase the fee because of my old version of MultiBit:

https://blockchain.info/tx-index/4d69c58bea463608aa0ded4f025ed8933f2422106244d6c893441a627257b688

https://blockchain.info/tx-index/b435a0fe0150be8f6f244242205ee7e61eadd283b6abab007d7d19816a60d8f5

That first one was sent MAY 10.

export your private key and use a different wallet. Bitcoin is not broken if you are in need of a speedy transaction pay a higher fee.

Can anyone tell me how to get these through NOW?!  Without changing wallets?  NOW. Wonderful Bitcoin is costing me hundreds and thousands because the fucking transaction won't go through in a reasonable amount of time.  I have about 20 BTC now, and at this point I am really hoping it dies because it deserves it.

Well, what's the solution BTC maximalists?  I can't get this through for DAYS?  Come on, this is such a great technology!

[leopard2]

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

If they would accept BTC and LTC, the world would be safe and we could just use BTC/LTC from BTC/LTC dual wallets. BTC to buy LTC or a car, LTC to pay for shopping at the mall, and LTC-on-LN for coffee or similar microtransactions.

Or we can just wait until scamtokens like XRP use the "Paypal effect" to rekt the world of crypto. 

[Malooka]

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

If they would accept BTC and LTC, the world would be safe and we could just use BTC/LTC from BTC/LTC dual wallets. BTC to buy LTC or a car, LTC to pay for shopping at the mall, and LTC-on-LN for coffee or similar microtransactions.

Or we can just wait until scamtokens like XRP use the "Paypal effect" to rekt the world of crypto. 

Don't even get me started on the Satanic Federal Reserve Ripple.

COME ON losers, get my BTC through!  These chinky miners care nothing about anything, except their own bottom line.  They beat and eat dogs and cats, then rip us off with BTC.

[Malooka]

Electrum, Mycelium, NO WALLET WILL IMPORT MY BTC from an old wallet and let me send it with an increased fee.  Period. It's not there.

Bitcoin=Shitcoin now.

If this ridiculous situation ever resolves itself and I can actually send ONE BITCOIN and have it go through in a DAY, I am dumping all BTC.  This is INSANE!

EDIT: I wanted to put 1 BTC into Bitbay.  It's up over TWENTY PERCENT right now. GO BITCOIN!  You're so great!

[ahmedjamal1998]

At this very moment, the number of unconfirmed transactions is increasing like a mad man running from zombies.

https://i.gyazo.com/7e9ef3f98591ab3fd9c0ec11716049a9.mp4

It's standing at 202.5k now and it's increasing about 100 per minute !
What's going on?

Something has to be done.

[Roboabhishek]

It's true that everyone is facing difficulties with the confirmations  past few days.

What possibly could the reason be?

[Argon2]

Something has to be done.

Actually no, this is a good stress test of the Bitcoin network and codebase.

[digicoinuser]

It's definitely the highest I've seen so far. 

Has anyone performed analysis on the transactions similar to what happened when the blockchain was spammed (https://bitcointalk.org/index.php?topic=1776143.0) prior?

[emezh10]

The same i guess the blockchain was so full of transaction and the system cant even handle it so i guess the bitcoin blockchain need a bigger one for a increasing number of bitcoin user so probably we need like what is happening to my transaction normal i just take 12 hours to confirmed and that just okey but it almost take 3days and still not confirming so sad thing we need another currency no minimixe the bitcoin usage i guess.

[Motivator]

Can we all just stop bitching now and fix the god damn issue, whether its a temp fix or what ever the fuck needs to to be done to progress bitcoin then do it, NOW!

People are moving away because of this, what the fuck 209k unconfirmed transactions?? $40 FEE to send a $400 fucking payment?

[TryNinja]

The community need to do some big changes to handles this transactions.
This can't be happening, this could mean a possible "death" to Bitcoin if they don't fix this shit.

I hope people stop this war between BU and Segwit and start solving those problems.

[cryptoanarchist]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

in what world a centralized, pre-mined, pump and dump, buggy, in some case bloated, insecure altcoin is better than bitcoin?
maybe next time you make a throwaway account, make sure to also give us some example

Maybe in a world where a cabal of miners (BitFury, BTCC, Slush, F2Pool) seem to be holding up on-chain scaling for bitcoin. Who are they connected with? Are they long time private money advocates? Early adopters? Or are they some bankster creation?

[iluvpie60]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

in what world a centralized, pre-mined, pump and dump, buggy, in some case bloated, insecure altcoin is better than bitcoin?
maybe next time you make a throwaway account, make sure to also give us some example

Maybe in a world where a cabal of miners (BitFury, BTCC, Slush, F2Pool) seem to be holding up on-chain scaling for bitcoin. Who are they connected with? Are they long time private money advocates? Early adopters? Or are they some bankster creation?

That is exactly my fear about this whole thing. I really do doubt it is a cabal of bankers and stuff. But I do understand how easy it is for absolute power to corrupt absolutely. Even if the miners have good intentions now doesn't mean they won't sell out 4 years later when BTC is worth tens of thousands each or more.

For now I am not concerned about the miners doing anything beyond loving their high transactions fees, later is when I worry.

[cryptoanarchist]

I really do doubt it is a cabal of bankers and stuff.

Sounds like you have a lot to learn.

[Omega Weapon]

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative 

You don’t know? Where have you been? Bitcoin has raised in price with such a speed that it has been difficult to even get our prediction about the price of bitcoin, the confirmation time is going to be resolved eventually, and then bitcoin will be unstoppable.