I have NEVER seen Bitcoin in such a sorry state as this!!

[adamski]

I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community

[1713968984]

1713968984

[1713968984]

1713968984

[1713968984]

1713968984

[1713968984]

1713968984

[1713968984]

1713968984

[aerozep10]

The high transaction fees is why I switched to altcoins

[fonestar]

I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community

Well that was me... the year before last... and then last year... and now it's become apparent to me that they are not going to "fix" this problem.  Actually, they don't even think it is a problem.  Ask Core and they will tell you higher and higher fees are a feature not a bug.  Bitcoin (well BTC) is pricing itself out of existence as we type... 278,000 unconfirmed transactions and rising fast.

[Cryptalking]

I don't think those tards had ever expected Bitcoin to hit the 15 k neither right? Why let this get to you? Don't you think this is just one other dip? Or even the price stabilizing after the all time high? I think its only natural, just HODL a little longer maybe it will go up again anytime soon!

[jona]

it has actually become somethings else this days ,transactions are been hailed for hours some times not confirmed i pray all should be well because investors are going to clean up there tears with handkerchief  of tears of loss.

[Marileno]

This is happening way too often. The whole "BTC is better than normal currency" is starting to look like a gimmick. Functionally it doesn't work at all. Needs a lot more work on conformation times and transaction costs.

[webtricks]

Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

I guess you know miners can mine any of the Bitcoin forked coin with standard SHA-256 machine. Currently BCH is extremely profitable to mine due to its price rise. Miners are getting huge rewards in term of USD. So most of them moved to BCH at the moment.
But this is short lived and BCH will decline again. Once it decline, miner will again come back to BTC and fees will again stabilize around 0.0005 BTC.

[adamski]

I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community

Well that was me... the year before last... and then last year... and now it's become apparent to me that they are not going to "fix" this problem.  Actually, they don't even think it is a problem.  Ask Core and they will tell you higher and higher fees are a feature not a bug.  Bitcoin (well BTC) is pricing itself out of existence as we type... 278,000 unconfirmed transactions and rising fast.

You might be right, but at the latest if people are switching to altcoins and price of bitcoin will drop over a long period of time, than these people will rethink their decision..
Bitcoin must adapt over time like everything else - only the strong survives!

By the way - it's a great time to buy bitcoin

[bitbunnny]

Good luck. It's so obvious that you have no experience and because some issues you think it's the end of the world. Unconfirmed transaction is also something that could be solved. Bitcoin cash has no future, it's just temporary that it "got wings".
Anyway, it's your decision and you can't do whatever you want. I always say to everyone who is complaining if you don't like Bitcoin don't use it, no one is forcing you to do that.

[fonestar]

it has actually become somethings else this days ,transactions are been hailed for hours some times not confirmed i pray all should be well because investors are going to clean up there tears with handkerchief  of tears of loss.

There is a fundamental economic misunderstanding here...   Many believe that Bitcoin can maintain its macro-value without remaining a usable means of micro-payments.

Sorry, it can not.

[treer123]

only a question of time before bitcash is worth more than bitcoin, completely useless and unusable at the moment.
Very soon in the new year bitcoin will no longer be king coin

[WindForce]

People burying BTC only because it did a 25% correction?? Don't know, if i see current BTC price, it's up 50% in less than a month, plus the dip correction momentum is almost all gone. There is a good chance that the up trend will restart powering up...

[timisis]

We are all going to die (in my screamy voice)

[fonestar]

People burying BTC only because it did a 25% correction?? Don't know, if i see current BTC price, it's up 50% in less than a month, plus the dip correction momentum is almost all gone. There is a good chance that the up trend will restart powering up...

People are not burying BTC because of a 25% correction in fiat value.  People are burying it because it is because becoming unusable,  And because the people who are now filling up the BTC rank-and-file are very much like the people we sought to get rid of originally by using Bitcoin.

[Walrus1]

it has actually become somethings else this days ,transactions are been hailed for hours some times not confirmed i pray all should be well because investors are going to clean up there tears with handkerchief  of tears of loss.

There is a fundamental economic misunderstanding here...   Many believe that Bitcoin can maintain its macro-value without remaining a usable means of micro-payments.

Sorry, it can not.

that may be true but what about the other 2,000 crypto

[fonestar]

only a question of time before bitcash is worth more than bitcoin, completely useless and unusable at the moment.
Very soon in the new year bitcoin will no longer be king coin

You are correct sir!

I suspect many of the late-comers in BTC haven't even tried to use BTC and know little about BTC, technology or economics.  They bought some BTC, left it on Coinbase (or some other exchange) and they are cheering on a pixel on their screen watching the fiat value increase.

[European Central Bank]

simple. bitcoin is being attacked by the people behind bcash. the attackers are the same people who are mining bitcoin. if core had taken charge of block size increase they might have eased off or because core were still in charge they'd continue attacking. as it's miners doing this then they collect their own fees. if someone else gets their own fees then they still collect the super high ones from hapless users. this means they can continue indefinitely until their stranglehold is broken.

this is all because of the centralisation of mining. if that's broken then maybe we'll be ok. if it isn't then bitcoin will fail and deserve to as well. we're seeing the effects of centralisation and too much power in a small number of hands right now.

anyone moving to bcash is being herded there by the people who are screwing you over right now. they mine all of it. they control development too. i am not giving them control of my money.

you will be doing exactly what they want you to do. the best thing you can do if you want to keep a hand in crypto is head for litecoin or anything else that isn't so politicised and nefarious.

[radokan]

Roger you are very often here. I thought bcshit has its own forum 

[fonestar]

simple. bitcoin is being attacked by the people behind bcash. the attackers are the same people who are mining bitcoin. if core had taken charge of block size increase they might have eased off or because core were still in charge they'd continue attacking. as it's miners doing this then they collect their own fees. if someone else gets their own fees then they still collect the super high ones from hapless users. this means they can continue indefinitely until their stranglehold is broken.

this is all because of the centralisation of mining. if that's broken then maybe we'll be ok. if it isn't then bitcoin will fail and deserve to as well. we're seeing the effects of centralisation and too much power in a small number of hands right now.

anyone moving to bcash is being herded there by the people who are screwing you over right now. they mine all of it. they control development too. i am not giving them control of my money.

you will be doing exactly what they want you to do. the best thing you can do if you want to keep a hand in crypto is head for litecoin or anything else that isn't so politicised and nefarious.

I will be heading partially to BCash... which is the original Bitcoin that Satoshi described in his white paper.  That is also the Bitcoin that Core supported before they sold their souls to Bankers & Blockstream.

I urge you to look into Core's constant claims of "BCH is centralized!!" because these are empty, baseless claims.  Core is centralized and is trying to protect their vaunted space in the cryptosphere and censor, ban, intimidate anyone who challenges them.

I will not be going to Litecoin or any other coin that entertains the notion of off-chain gimmickry.  There is a reason Charlie sold when he did, he understands that Segwit/Lightning is a dud.

Merry Christmas!

[European Central Bank]

I will be heading partially to BCash... which is the original Bitcoin that Satoshi described in his white paper.  That is also the Bitcoin that Core supported before they sold their souls to Bankers & Blockstream.

I urge you to look into Core's constant claims of "BCH is centralized!!" because these are empty, baseless claims.  Core is centralized and is trying to protect their vaunted space in the cryptosphere and censor, ban, intimidate anyone who challenges them.

I will not be going to Litecoin or any other coin that entertains the notion of off-chain gimmickry.  There is a reason Charlie sold when he did, he understands that Segwit/Lightning is a dud.

Merry Christmas!

this is a total insult to anyone with nominal levels of intelligence. i don't even need to write anything. this is all anyone needs to look at to know what centralisation is.

https://cash.coin.dance/blocks/thisweek

antpool, other pools that are pubicly known to be in their pocket, and the majority by an undeclared miner.

kinda hard to guess who that might be. but we can try.