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freightjoe (OP)
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November 21, 2017, 12:51:11 PM |
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In just 8 hours this morning the mempool has doubled - seems we are agin heading towards the miners wanting to drastically increase prices.
Also we saw this pattern when there was the civil war with Bitcoin cash
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teilwalL05
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November 21, 2017, 01:08:26 PM |
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The transaction was bursting and right now there are a total of 20,000 Unconfirmed Transaction and still counting, I think it is because of the price of bitcoin, but well it is always be the reason, and bitcoin now had a All Time High and still peaking the clouds up, and I think the miners now had a rough time keeping up in searching more blocks right now.
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scottykarate
Member
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Activity: 70
Merit: 10
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November 21, 2017, 04:06:31 PM |
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I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.
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freightjoe (OP)
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November 21, 2017, 05:39:42 PM |
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.... and it is staying high....
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freightjoe (OP)
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November 22, 2017, 06:36:29 AM |
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Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.
...right...unicorns and pixies will ride in to the rescue.... |
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freightjoe (OP)
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November 22, 2017, 06:44:17 AM |
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I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.
Can you please enlighten me on the general plan to make transactions faster and cheaper? I've been looking out for it, but there isn't much. That's because too many people rely on the system becoming more inefficient - that way they will make more money |
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Kakmakr
Legendary
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Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
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November 22, 2017, 07:50:29 AM |
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I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.
Can you please enlighten me on the general plan to make transactions faster and cheaper? I've been looking out for it, but there isn't much. You are not looking hard enough. Start using SegWit addresses and you will see a significant drop in the fees. We have reached consensus to use SegWit and now nobody wants to use it. The spammers are not focusing their sabotage on SegWit, because it is more expensive. This will hopefully be a thing of the past, once the Lightning Network come into play. ^smile^ |
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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November 22, 2017, 07:55:45 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well  |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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freightjoe (OP)
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November 22, 2017, 07:57:59 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. |
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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November 22, 2017, 08:01:32 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. there is open competition now - one single coin can fail |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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freightjoe (OP)
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November 22, 2017, 08:04:03 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. there is open competition now - one single coin can fail It is not competition. It is an internal civil war with people trying to promote whichever agenda they stand to profit the most from |
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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November 22, 2017, 08:09:12 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. there is open competition now - one single coin can fail It is not competition. It is an internal civil war with people trying to promote whichever agenda they stand to profit the most from Nobody gets killed - its hard competition. |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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freightjoe (OP)
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November 22, 2017, 08:12:53 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. there is open competition now - one single coin can fail It is not competition. It is an internal civil war with people trying to promote whichever agenda they stand to profit the most from Nobody gets killed - its hard competition. It is not competition, it is destructive fragmentation which is at the core of Bitcoin |
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Minerjoe
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November 22, 2017, 08:20:27 AM |
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It has decreased since, what s the problem now?
These peaks are an issue but I do not see that as something that drastic. Some form of scaling will be necessary, just not now. We need a period of calm see for at least 6 months.
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freightjoe (OP)
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November 22, 2017, 08:24:23 AM |
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We need a period of calm see for at least 6 months.
you do realize that the seas will not be calmer going forward, but instead the waves are getting higher? |
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ArtPt
Member
Offline
Activity: 61
Merit: 10
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November 22, 2017, 08:27:29 AM |
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That's okay. It shows real usage of BTC by lots of people. Probably you should not expect to have very cheap dust transactions anyway if BTC is positioned as "Digital Gold". There are so many good projects to have Cash-like transactions (that's not about BCH, because it is same technology as BTC).
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hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
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November 22, 2017, 08:50:42 AM |
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... We have reached consensus to use SegWit and now nobody wants to use it. ...
Do you know what consensus really is ? I do not want SW as well And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company. there is open competition now - one single coin can fail It is not competition. It is an internal civil war with people trying to promote whichever agenda they stand to profit the most from Nobody gets killed - its hard competition. It is not competition, it is destructive fragmentation which is at the core of Bitcoin this ? https://www.reddit.com/r/btc/comments/7eil12/evidence_that_the_mods_of_rbitcoin_may_have_been/ |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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Usine
Newbie
Offline
Activity: 28
Merit: 0
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November 22, 2017, 09:09:21 AM |
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In just 8 hours this morning the mempool has doubled - seems we are agin heading towards the miners wanting to drastically increase prices.
Also we saw this pattern when there was the civil war with Bitcoin cash
When we saw the civil war with Bitcoin cash? |
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freightjoe (OP)
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November 22, 2017, 09:18:15 AM |
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In just 8 hours this morning the mempool has doubled - seems we are agin heading towards the miners wanting to drastically increase prices.
Also we saw this pattern when there was the civil war with Bitcoin cash
When we saw the civil war with Bitcoin cash? Yes |
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CryptosapienZA
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November 22, 2017, 09:27:04 AM |
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You are not looking hard enough. Start using SegWit addresses and you will see a significant drop in the fees. We have reached consensus to use SegWit and now nobody wants to use it. The spammers are not focusing their sabotage on SegWit, because it is more expensive.
This will hopefully be a thing of the past, once the Lightning Network come into play. ^smile^
Lets let the numbers do the talking. Do the fees really drop? There has been instances where SEGWIT transactions have cost more  |
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