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Author Topic: Will Bitcoin die soon?  (Read 41996 times)
AztekPhoenix
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May 18, 2017, 12:45:17 PM
 #41

Yeah the transaction keeps getting worst,
Really hope that it will get faster soon.

BTC is not going to get faster , the miners and dev team can't agree to a blocksize increase, so you have a stalemate that has lasted for more than a year.

You want it faster and cheaper, use LTC 1 penny transaction fee and arrives in 20 minutes fully confirmed.
BTC is just going to get worse.


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Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
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May 18, 2017, 12:47:47 PM
 #42

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
The unconfirmed transactions are getting bigger because the users of it are multiplying as we all see that bitcoin now is growing and every country are adopting it so as the users multiply the unconfirmed transactions to multiply so maybe the bitcoin need an upgrade and aside for that my solution is to change currency I am using ETH now.

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May 18, 2017, 12:55:00 PM
 #43

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
The unconfirmed transactions are getting bigger because the users of it are multiplying as we all see that bitcoin now is growing and every country are adopting it so as the users multiply the unconfirmed transactions to multiply so maybe the bitcoin need an upgrade and aside for that my solution is to change currency I am using ETH now.
I'm a little worried about this kind of situation. This can make some chaos, I'm afraid bitcoin prices will decrease. Of course everyone wants the best service. hampered time can make people upset.



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May 18, 2017, 12:57:19 PM
 #44

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

Yeah, you've gotta be careful, I've had the same problem a few days ago and using viabtc helped me a lot.

(https://www.viabtc.com/tools/txaccelerator/
)

Try using it precisely at 13:00,14:00,15:00,etc.. because they only accept the first 100 transactions. Good luck.
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May 18, 2017, 01:02:35 PM
 #45

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

Bitcoin will obviously die for the millionth time.

In reality these current problems are a necessary evil to force the bitcoin community to come to an agreement on how to scale the network for a much larger number of transactions. It obviously doesn't help you and the thousands of other people with these issues now but eventually these problems will be a thing of the past.
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May 18, 2017, 01:10:31 PM
 #46

I don't think bitcoin will die soon.l think this will be number one in the future.
While bitcoin now is increasing at price..It will be known soon to all the world.
And if that happen,bitcoin will be stronger to all natoins.
Because people will look for botcoin.
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May 19, 2017, 03:10:24 AM
 #47

Maybe someday Bitcoin will die, but for sure, it will not because of the current issue..  Even in the actual state of usability of Bitcoin, I do not see a better alternative by far..

Only mass micro-Tx services/users are actually affected..

IMO, better do things right than fast.. The issue about delay/fees have minor effect, just look at the price sustaining new highs for weeks now.. it's just the begining.

I'm not worried at all..

Everythings going fine, as planned.. watch out if a major worldwide financial crash happens..
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May 19, 2017, 05:11:29 AM
 #48

Maybe someday Bitcoin will die, but for sure, it will not because of the current issue..  Even in the actual state of usability of Bitcoin, I do not see a better alternative by far..

Only mass micro-Tx services/users are actually affected..

IMO, better do things right than fast.. The issue about delay/fees have minor effect, just look at the price sustaining new highs for weeks now.. it's just the begining.

I'm not worried at all..

Everythings going fine, as planned.. watch out if a major worldwide financial crash happens..

What's up I really do not believe what you say is fine, we are paying four times higher fee than before, but we still have to wait, the transaction is still not confirmed. So that's what you call okay?

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May 19, 2017, 06:25:16 AM
 #49

Same here. Last week I received 0.01 BTC but it took me almost 3 days to confirm that amount. Now I'm waiting for 0.005 and still 3 days no confirmation. We have no choice but to wait.

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May 19, 2017, 06:35:01 AM
 #50

I do not see a better alternative by far..

It depends on your industry. For the legal ones, better -- i.e. reliable, less expensive, supportive, sla etc. -- do exist: VISA, MasterCard, PayPal, Bank Transfer, Western Union, ...

Wouldn't say Bitcoin is about to die, but losing a lot of it's "customer base" forever. Who would trust a currency that doesn't work for weeks and still no solution in sight?
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May 19, 2017, 06:40:22 AM
 #51

I wouldn't say bitcoin will die, it will definitely be overtaken by an altcoin for everyday use unless it can sort itself out because these delays are not helpful to people just coming in after being told about the ease at which you can send money.

Myself I have not experienced much delay recently, the most was about 30 mins with a fee of 0.001


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AztekPhoenix
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May 19, 2017, 06:42:17 AM
 #52

Same here. Last week I received 0.01 BTC but it took me almost 3 days to confirm that amount. Now I'm waiting for 0.005 and still 3 days no confirmation. We have no choice but to wait.

3 Days, waiting is insane for a digital transfer , In the Future
 
convert BTC to LTC and be done in 20 minutes with only 1 penny for a transaction fee.
or
Use Paypal
or
Mail a check or money order ,it can arrive in 3 or 4 days.
No one is making you sit in line , but yourself, choose better next time.
Bitcoin is no longer suitable as a means to transfer money unless you are Rich, sad but true.


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Want Proof Lauda is a Pathetic fool , observe how she gives fake negative trust when she can't win a debate.  https://bitcointalk.org/index.php?action=trust;u=841833
Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
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May 19, 2017, 06:51:36 AM
 #53

convert BTC to LTC and be done in 20 minutes with only 1 penny for a transaction fee.

I agree with you that the confirmation bottleneck is quite worrying. But at the same time, if you convert your BTC to LTC, then you have to pay a small fee (on top of the transaction fee). Also, you need to convert your LTC back to BTC, as very few online retailers accept LTC.

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May 19, 2017, 07:11:54 AM
 #54

Bitcoin won’t die soon because this is only the rising era of bitcoins. Unless a great calamity that destroyed the internet communication happened, so a world war, or if the government issued a war on BTC users and all of the users must be captured and be killed, but these things is still unlikely to happen. Many people support BTC now and I think simple means won’t be enough to overthrow it besides if someone manage to crack the code and decrypt it.

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May 19, 2017, 07:22:26 AM
 #55

Youre not the only one experiencing this kind of shit on bitcoins blockchain network,there are nearly 300 thousand unconfirmed transactions by this time due to spams,i have sent btc with high fees and still it didnt confirmed for the past 24 hrs

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May 19, 2017, 07:38:47 AM
 #56

Youre not the only one experiencing this kind of shit on bitcoins blockchain network,there are nearly 300 thousand unconfirmed transactions by this time due to spams,i have sent btc with high fees and still it didnt confirmed for the past 24 hrs

You exaggerate it a bit. The number is about 230 thousand. But you're right, the problem with transferring still exists.
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May 19, 2017, 07:45:57 AM
 #57

Very possible because anything could happen, difficult world predictions, if the third world war occurs then the bitcoin will die, no one would want to use the bitcoin.

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May 19, 2017, 07:46:33 AM
 #58

convert BTC to LTC and be done in 20 minutes with only 1 penny for a transaction fee.

I agree with you that the confirmation bottleneck is quite worrying. But at the same time, if you convert your BTC to LTC, then you have to pay a small fee (on top of the transaction fee). Also, you need to convert your LTC back to BTC, as very few online retailers accept LTC.

No reason to convert LTC back to BTC, you just lock yourself back up in Unconfirmed Transactions Hell again.
If the vendors don't take LTC, you are better off cashing out to your local currency or paypal, as credit cards & PayPal are faster and cheaper to use than BTC for online vendors.
Even if no one added a new transaction it would take over 1 day to clear out the current unconfirmed transactions alone, retailers are not going to put up with this forever, expect either a move to alts by retailers or dropping crypto all together within a few weeks.


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Want Proof Lauda is a Pathetic fool , observe how she gives fake negative trust when she can't win a debate.  https://bitcointalk.org/index.php?action=trust;u=841833
Lauda is also an extortionist: https://bitcointalk.org/index.php?topic=1764757.msg17624090#msg17624090
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May 19, 2017, 07:51:04 AM
 #59

I do not think you will die in the near future  Undecided  It almost got close to $ 2,000.I was expecting this price at the end of the year but it seems to have arrived.So do not forget to keep some bitcoins in your hand.  And yes this is an investment recommendation    Cool Grin

 




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May 19, 2017, 07:56:34 AM
 #60

I do not think you will die in the near future  Undecided  It almost got close to $ 2,000.I was expecting this price at the end of the year but it seems to have arrived.So do not forget to keep some bitcoins in your hand.  And yes this is an investment recommendation    Cool Grin

 



Bitcoin will not going to die in fact that many countires are now considering bitcoin and hopefull segwit would support it by month of july or september. Altcoins are being popular and including that, bitcoin's market would increase as people needs to buy bitcoin first to buy altcoins.

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