Bitcoin Forum
December 17, 2017, 10:48:10 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Back to normal ( if there is such a thing)  (Read 436 times)
#BitcoinVegan
Jr. Member
*
Offline Offline

Activity: 47


View Profile
November 13, 2017, 05:05:41 PM
 #1

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network, my question is when will the void be filled.

How quickly can we move forward?

Good thing is alot of people aren't falling for the antics, as much as others thought they would.
1513507690
Hero Member
*
Offline Offline

Posts: 1513507690

View Profile Personal Message (Offline)

Ignore
1513507690
Reply with quote  #2

1513507690
Report to moderator
1513507690
Hero Member
*
Offline Offline

Posts: 1513507690

View Profile Personal Message (Offline)

Ignore
1513507690
Reply with quote  #2

1513507690
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513507690
Hero Member
*
Offline Offline

Posts: 1513507690

View Profile Personal Message (Offline)

Ignore
1513507690
Reply with quote  #2

1513507690
Report to moderator
1513507690
Hero Member
*
Offline Offline

Posts: 1513507690

View Profile Personal Message (Offline)

Ignore
1513507690
Reply with quote  #2

1513507690
Report to moderator
1513507690
Hero Member
*
Offline Offline

Posts: 1513507690

View Profile Personal Message (Offline)

Ignore
1513507690
Reply with quote  #2

1513507690
Report to moderator
os2sam
Legendary
*
Offline Offline

Activity: 2296


Think for yourself


View Profile
November 13, 2017, 05:55:36 PM
 #2

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
xIIImaL
Legendary
*
Offline Offline

Activity: 1050


View Profile
November 13, 2017, 06:34:50 PM
 #3

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

Now we see the many bitcoin mining pools moves to mine the bitcoin cash since that value increased in the chart. Everyone would expect the bitcoin to reach the more value but bitcoin value correction will be increased and miner will again turns to bitcoin.
I am really happy that bitcoin price started increasing again and it seems again grown to 6.6k USD in the chart. I have heard that some big mining group gone to mine BCH.

jmiro1
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 13, 2017, 07:04:16 PM
 #4

I don't see how the network is "damaged". The way I see it, it was normal and is normal. The only thing that bothers you is the people who left bitcoin right? You think because of them we are not "moving forward". Well, it's partially true but we did move forward. I think you already know that the price of bitcoin rose again. And the truth is the void would not fill completely, but that's part of the normality.
777Bitcoin
Full Member
***
Offline Offline

Activity: 140


View Profile
November 13, 2017, 07:15:58 PM
 #5

Those pump promotions to leave bitcoin and invest in bitcoin cash for alarmist a week now have not damage the network itself because it was forcely been made to give panic and do what the miners want us to do. But failed because bitcoin investors is not puppets from this kind of blackmailing. They will surely be backing up bitcoin again if bitcoin cash won’t work like they expected to be.
BY_ATOM
Member
**
Offline Offline

Activity: 112

Live Stars - Adult Streaming Platform


View Profile
November 13, 2017, 07:19:57 PM
 #6

Every recession, the growth will be. I think that the recession was caused by the news of the transfer fork. Soon everything will return to normal.

salihno71
Sr. Member
****
Offline Offline

Activity: 378


View Profile
November 13, 2017, 07:21:25 PM
 #7

I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

   
▄████▄      
██████      
▀████▀      
▀██████      ▄▄▄▄▄▄▄▄▄▄▄▄   
▄▄█████  ▄██████████████████▄
▄██████▀██  ████████████████████
▄█████▀    ▀  ████████████████████
▄█████▀         ███ ████████████ ███
██████▀          ███ ████████████ ███
███████           ███ ████████████ ███

▄████▄                  ███████   
██████                 ▄██████    
▀████▀                ▄█████▀     
▄▄▄▄▄▄▄▄▄▄▄▄      ▄    ▄█████▀       
▄██████████████████▄  ██▄ █████▀         
████████████████████  ██████▀▀           
████████████████████  ██████▄            
███ ████████████ ███                     
███ ████████████ ███                     
███ ████████████ ███                      
  [    |    ████████████████████████
████████████████████████
███            ▀████████
███  ███████  ▄  ▀██████
███           ██▄  ▀████
███  ███████  ████▄  ███
███                  ███
███  ██████████████  ███
███                  ███
███  ██████████████  ███
███                  ███
████████████████████████
████████████████████████
  ] 
FACEBOOK  )   (  TWITTER  )
  SUBSCRIBE NOW!!! 
INSTAGRAM  )  (  LINKEDIN  )
HeRetiK
Hero Member
*****
Offline Offline

Activity: 588


the forkings will continue until morale improves


View Profile
November 13, 2017, 07:43:14 PM
 #8

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

The BTC network slowed extremely down during the weekend, causing the mempool to fill up like rarely seen before. So no "damage", but still a major disruption of service.


I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

Yeah, I also have a feeling that this is not the last we've heard from BCH. I wouldn't go as far as calling it an attack though. It's simply what happens when multiple coins share the same PoW hash and one gets pumped. Arguably it shows a merit of BTC relying on ASICs instead of GPUs, because otherwise BTC would be forced to battle with other alts for computing resources as well.

freeElectron
Member
**
Offline Offline

Activity: 103


View Profile
November 13, 2017, 07:45:13 PM
 #9

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

The damage is $20 transactions fees and no relief in sight.
If this is normal, you are out of your mind.
Alns
Sr. Member
****
Offline Offline

Activity: 280


★Jetwin.com★


View Profile
November 13, 2017, 08:47:12 PM
 #10

Bitcoin is working fine at the moment, i dont know why all those miners just turned off from bitcoin and they just started to mine bitcoin cash, it was a strange thing, i dont know why they did it because i am not a miner too.
But now a lot of them has just return theirselves to bitcoin, they all now that we are the most strongest coin and there is no way to defeat bitcoin, this is probably why they decided to came back.
Of course that if this was going to continue, bitcoin cash was going to be the king, but we are lucky because that did not happen.


▄▄▄████████▄▄▄
▄▄███▀▀▀ ▄  ▄ ▀▀▀███▄▄
▄██▀▀ ▄▄████  ████▄▄ ▀▀██▄
▄██▀ ▄███████    ███████▄ ▀██▄
██▀ ▄████████▀    ▀████████▄ ▀██
██▀ ██████████      ██████████ ▀██
██▀ ██████████        ██████████ ▀██
▄██                                ██▄
██ ▄                              ▄ ██
██ ███▄                        ▄███ ██
██ ██████▄                  ▄██████ ██
██ ▀████████              ████████▀ ██
▀██ ███████                ███████ ██▀
██▄ █████▀                ▀█████ ▄██
██▄ ████        ▄▄        ████ ▄██
██▄ ▀█      ▄▄████▄▄      █▀ ▄██
██▄    ▄▄██████████▄▄    ▄██▀
▀██▄▄ ▀▀██████████▀▀ ▄▄██▀
▀▀███▄▄▄ ▀▀▀▀ ▄▄▄███▀▀
▀▀▀████████▀▀▀
 

    [    ]
2fresh
Hero Member
*****
Offline Offline

Activity: 488


View Profile
November 13, 2017, 08:59:55 PM
 #11

Bitcoin is working fine at the moment, i dont know why all those miners just turned off from bitcoin and they just started to mine bitcoin cash, it was a strange thing, i dont know why they did it because i am not a miner too.
But now a lot of them has just return theirselves to bitcoin, they all now that we are the most strongest coin and there is no way to defeat bitcoin, this is probably why they decided to came back.
Of course that if this was going to continue, bitcoin cash was going to be the king, but we are lucky because that did not happen.


Leave btc , mine bch until enough blocks pass till you get the actual coins, difficulty goes up, massive dump on bch.
Go back to btc and buy in for a thousand bucks less. Nice strategy right? 
illinest
Sr. Member
****
Offline Offline

Activity: 425



View Profile
November 13, 2017, 09:36:54 PM
 #12

I think this is still not over. They're testing the limits for sure. but it seems like someone will profit greatly out of this coordinated attack.

I don't think it's over, either. This is all unfolding piece by piece, and I'm beginning to agree with Sergio Lerner that Bcash was a damn masterpiece in game theory. At this point, what I can say is this: do not underestimate Jihan Wu and friends. They have very deep pockets (USD, BTC, BCH), and they are very skilled with propaganda and are leveraging anyone they can (Kim Dotcom, Calvin Ayre, Vitalik Buterin, etc). And Bitmain has a stranglehold over the ASIC manufacturing market. And they're only accepting BCH for new mining hardware. The spam attacks on the network are truly impressive.

I've never seen anything like this..... a coordinated attack from all directions. These people are dedicated. I truly hope the market buys up all their dumped BTC and shows them the exit.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
CoinPayments
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
gentlemand
Legendary
*
Offline Offline

Activity: 1484


Hello You


View Profile
November 13, 2017, 09:53:41 PM
 #13

Now the EDA thing is over the attack on Bitcoin can begin in earnest.

They want miners to switch permanently, not flit around, which means pumping the price and keeping it there while keeping the spamming up. As they're collecting the fees they're spamming with then it can continue as long as they like pretty much.

Traders are such mindless sluts that they'll pile in if a pump is initiated with enough power and enough BTC is dumped.

1Referee
Legendary
*
Offline Offline

Activity: 1358

www.bitkorn.com domain for sale.


View Profile
November 13, 2017, 10:27:28 PM
 #14

What damage was there?  Bitcoin worked and is working as it is supposed to.

You don't get it. People not paying sufficient fees according to the network situation, and thus have to wait a good while for their first confirmation, means that Bitcoin isn't working as it should. That's the general logic people seem to thrive on. If you pay appropriate fees according to the network situation, you'll never experience any delays or whatever. I have never had to experience any delays or other inconvienences due to filled mempools. I just pay what's needed to get a quick first confirmation. If you follow that path, it's like these "problems" don't even exist. Wink

bitart
Hero Member
*****
Offline Offline

Activity: 700


View Profile
November 13, 2017, 10:52:58 PM
 #15

What damage was there?  Bitcoin worked and is working as it is supposed to.

You don't get it. People not paying sufficient fees according to the network situation, and thus have to wait a good while for their first confirmation, means that Bitcoin isn't working as it should. That's the general logic people seem to thrive on. If you pay appropriate fees according to the network situation, you'll never experience any delays or whatever. I have never had to experience any delays or other inconvienences due to filled mempools. I just pay what's needed to get a quick first confirmation. If you follow that path, it's like these "problems" don't even exist. Wink
Appropirate fees nowdays is about 350 sat/B, which made my first confirmation in 11 minutes. Bitcoin network works, but I don't want to calculate the fee in USD... It's enough for me that despite of the huge backlog, I can manage my transfer, if it's a real need...
Mempool looks really bad now:


Shreek
Member
**
Offline Offline

Activity: 112

“Augmented Reality World Discovered”


View Profile
November 13, 2017, 11:10:35 PM
 #16

usually the network will return to normal after hardfork, because at this time bitcoin upgrading applications that force users to renew the old application to be new. and when it bitcoin not only fix the trnsaksi only, but also improve the network.
and of course the price will be normal again after hardfork.

#BitcoinVegan
Jr. Member
*
Offline Offline

Activity: 47


View Profile
November 14, 2017, 12:05:56 AM
 #17

Thanks to everyone,  it's some great feedback. I don't the network is damaged as much as it is backed up.  #Bitcoin will stay king, and I inevitably feel bcash can't compete for the reasons it's principle was built on. It's not a decentralized PoW and if that is why the newbies buy and hodl bitcoin for that principle Bitcoin will last.

The more attacks we defeat the better.
jseverson
Sr. Member
****
Online Online

Activity: 448


View Profile
November 14, 2017, 01:23:07 AM
 #18

So it's safe to say the 30% that left bitcoin did it's damage by clogging up the network

What damage was there?  Bitcoin worked and is working as it is supposed to.

It seems to me that the only damage done was to the reputation of those who moved their hash rate to an alt coin.  But that too is fine as they are free to do that.

They were able to congest the network and make the fees skyrocket. They then used this to propagate massive FUD and Bitcoin Cash propaganda, saying how Bitcoin Cash is faster and can handle more transactions.

But yeah, the hashrate is back on Bitcoin. I don't hold it against the miners, personally. They simply went to where it was more profitable, and it was more profitable to mine for BCH for a short while.

Alfredjohn
Jr. Member
*
Offline Offline

Activity: 42


View Profile
December 03, 2017, 10:56:38 PM
 #19

back to normal, bitcoin is slight quite because not to much busy the airdrop, almost bounty is now pump.
dimastegar
Full Member
***
Online Online

Activity: 210



View Profile
December 03, 2017, 11:36:57 PM
 #20

Bitcoin has always been hard to come by. Every week, Bitcoin will be harder to mine. And I think the remaining 30% Bitcoin will finish in filled in the next few years. And here's one that makes Bitcoin expensive.

..C..
.....................
........Finally C is .........
..............
...........            ............
       ............            ............
...................      ....................

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!