Venting

[jdbtracker]

It's not an easy Subject.

It's been hard to get people to agree on the Block size upgrade, there was very good reason for Gavin's aggressive fork... it was needed and now we are paying for it.
Satoshi approved of the blocksize upgrade. The block limit it was originally intended to put upwards pressure to develop better cryptographic proofs, better network architecture, and allow the bitcoin network to run, over phone lines or radio transceivers, but that aspect has been neglected, upgrading the size of the blocks was an emergency move.

Work on Cryptography would reduce the size of the transactions, but would take time to implement in ASIC hardware.
Work on compression could reduce the size of the over all blocks; this one has some very advanced offerings for the community, but getting the code working is a matter of consensus.
improving the network architecture would be a boon in getting those blocks filled with no spillage, there are flaws in the network code, once fixed it will scale to 1000's of transaction, very promising.

People have to vote with their choices, demand upgrades, the solutions are there, but the devs have become timid in implementing them because of the chaos of this community.
We need to signal to them yes, we need an upgrade, we will take whatever solution you have at the moment to resolve this.

download the wallets with segregated witness, larger block sizes, etc... it's up to us the users to accept that or we are going to be looking at this mess for months to come.

I have one suggestion, that will work immediately if implemented... lower the block time by half to every 5 minutes.

[onnz423]

Do you understand the definition of a scam? Let me help you with that.

scam
skam/Submit
nouninformal
1. a dishonest scheme; a fraud.

Bitcoin does what it says it will do, create a decentralized payment platform, nobody is gaining from your transaction being stuck, nobody is scamming you.

You chose to use BTC despite it having high fees currently, so why are you complaining?

[Cryptoshops]

Dont think its a scam just Bitcoins blockchain needs sorting out and quickly before people and merchants loose trust in it. If you dont have a decent way to send and recieve coins in the end people will just get fed up with it and turn to Altcoins  like Ripple

[rontoberth]

Dont think its a scam just Bitcoins blockchain needs sorting out and quickly before people and merchants loose trust in it. If you dont have a decent way to send and recieve coins in the end people will just get fed up with it and turn to Altcoins  like Ripple

I do not think it's a scam either. We need to understand that this is just beginning and as for example, apple takes out a test phone and then the complete one, that's all this. BTC was the first to reach the top, among all we can improve it every time

[coinFlipCoin]

We are responsible to make our thing safe. We chose where to store our things. If you use a website wallet to store your money that means  you trust the site team. Up to you but it is NEVER safe. IMHO

[BTCforJoe]

For everyone criticizing the OP, y'all need to calm down. Just the fact that you're on this forum means one of two things, really:

1. You're an avid cryptocurrency enthusiast that has more knowledge than the average *new* crypto user. Therefore, you have more knowledge of how the technology behind crypto works, which is unlike the majority of the new users of crypto, or the ones who never took the time to learn. Have some patience with the average person that is just finding their way to come and ask for advice. However, in OP's case, just because he's used Bitcoin since 2011 doesn't mean that he needed to take the time to understand how it works, or what transaction fees to calculate before sending out his payment. We didn't really have a scaling issue back in 2011... Just sayin'

2. You're a signature campaign spammer that only shills or fuds crypto based on the last thing you read. You spread misinformation and find ways to criticize users here if they're not as (artificially) savvy as you when it comes to crypto. But chances are that you read everything and take it at face value, and then post some ridiculous response to users, trying to sound like an expert in the field. Shut the fuck up.

OP, I feel your pain. Before I learned about the Bitcoin blockchain and truly understood how it operates, I put my faith in services like Blockchain.info and Coinbase. It's frustrating to see this happen, as you did follow their recommendation of fees.

We users keep wanting the price of Bitcoin to increase, but in order for that to happen, we need to rely on new users. This means that the majority of them have no idea what a transaction fee is, other than what their wallet services are telling them is the recommended fee. If I was a new user, I would look at Bitcoin as a scam... In order for me to send $50, I have to send a $15 fee??? Realistically speaking, I'm sure there are thousands of other people who are in the same boat as you, and I feel that the responsible thing to do, as a wallet service provider, would be to let users know the risk of sending a low fee, and clearly explain that transactions happen outside of their control. They need to express how important it is to send a comparable fee to what the network currently requires.

It sucks that you're having problems with your transaction, but ultimately, it's completely out of Blockchain.info's hands now. The transaction has been broadcast, and your best chances are to wait it out until the network is less congested, or pay for a premium accelerator that can include your transaction in the next block using their miners. Free accelerator services may be of help to you, so make sure to give that a try. You can start that process by clicking here: FREE BTC Tx Accelerators. Stop paying for something that is free!

[BTCforJoe]

You sure that the amount you sent was excluding the fee??

Everyone knows how high the fee is.. now.. I do think that.. maybe it was the fee that they took out .

I haven't? faced an issue like this that has unprecedented or unacceptable it's just how the network is...

And about it being slow we all know that...

Well you should use a better wallet..or something.

Well everyone is now facing the problem with high fee. Every wallet include their own fee but remember too low fee means delay in tx confirmation.  You can customize your fee. I my self use the same method to decrease the fees, Also you can move your wallet to coin base. There's no fee applied in transaction if you send from coinbase to coinbase, It fast and safe to some extent.

Did you really post in a thread that hadn't been posted in for 2 months to address an issue that is no longer relevant? I wasn't going to say anything at first, but realized that others might see this and actually pick up the shit you're putting down...

"Well everyone is now facing the problem with high fee."

Uh, when was the last time you sent a Bitcoin transaction? The last transaction I made was confirmed in the next block for a whopping fee of $0.10.

And if anyone actually does listen to this buffoon, please do not move your wallet to coinbase. Ever. You'll have no control over your private keys, and with all of the recent glitches and hacking of exchanges, you don't want to risk having your money in a hot wallet where you don't control your own private key.

[BelieveInBTC]

I agree that Blockchain.info is a scam, many people have complained that their money disappeared without any warning or that transaction fees are way to high there. Web wallets are convenient but I don't trust them anymore. If you want to use one on the go then install wallet on your phone. At least you will be the only one who has the seed. I don't know any iOS wallets but Coinimi and Samurai are both interesting and good wallets. Bitcoin is not a scam. This thread was made in December when the while network was overloaded. Now transaction fees are really cheap and fast.

[Agetan]

Using bitcoin since 2011 but you just realize now that bitcoin is scam.
I think after what you get from bitcoin but now you think like this.
As early adopter, you already get much more profit rather than other person but why you still said that its scam?

[BTCforJoe]

STOP POSTING IN THIS THREAD, YOU FILTHY SIG SPAMMERS.

It's 3 months old, and the nature of the transactional fees that OP was talking about is no longer valid.

Stop being a shitposter.

[tonyvo2017]

Bitcoin is scam, Blockchain.info wallet are rippers and scammers.

I've been using bitcoin since 2011.

2 weeks ago i send 400$, pay normal fee which blockchain ask for, said 1hr confirmation time. It is now 2 weeks later, bitcoin only worth 260$ out of 400 sent, 0 confirmations. Christmas already pass, all my plans ruined.

180000k unconf since 2 weeks, never looking to improve. All the people who paid below 110sat/byte getting ripped off and without any access to their money for months.

Blockchain.info won't acknowledge problem, when it is their wallet that ask for that stupid fee and claim to get confirmed in 1hour, 1 hour is not 2 week co*k suc kers!!!!!!!!!! Blockchain.info won't refund my money, won't cancel the transaction or make it expire so I can send with a higher fee.

All i can do is watch money trapped while bitcoin price going to shit each day, if i had send a big ammount like 20k, i would've lost 10000 USD over these last 2 weeks. Sent at 18700, no conf till 14.2.

So for a meager 0.019 garbage i lose more then one hundred dollars, LMFAO.

bitcoin is a scam network and blockchain.info are rippers, scammers and thiefs who have no fcking clue on how to operate a wallet containing other people's money.

And I expect this thread to be deleted since all of ya are in cahoots praising this piece of shit of a currency and getting others to invest in your POS so that you can get out on a massive profit.

Bitcoin scam, bitcoin ripoff, bitcoin rippers, blockchain scammers, blockchain thiefs, blockchain ripper POS.

really? I think you should say this to the bitcoin experts to solve for you. I never put money into bitcoin so can not help you. I only trade and have absolutely no experience of this problem. Hope you get a reasonable answer and get back the lost bitcoin. good luck.

[maksimmaksimov]

What would have happened if these rates of growth persisted continuously? And here's what: the owner of just one bitkoy in two years would be a millionaire. ...

[Kprawn]

You know Roger Ver is one of the major shareholder in Blockchain.info ...right? Does that give you any indication why things

are not all above board with the site now? Roger Ver once used his privileges on that site to Doxed a guy over a few dollars

and then they removed his rights. You seeing the bigger picture now? 

[daniel1113]

Cryptocurrency had been on a one way street up.  All markets go up and down.  The big players every so often clean the ranks of small fish out.  Most just hodl and pray and end up at the bottom with junk coins. 

Experienced traders always set a point where they stop any further losses so they can play again at a later date when conditions are more favorable.  Most new crypto people aren’t traders and had never seen corrections in the market.  Big money came into crypto last fall.  They are collecting profits and reloading for the next pump and dump.  That is basically how all markets work.  Only real way to survive is get in real early before prices rise so that regardless of what the market does you are at the bottom so will be in good shape.  That is what I have been looking for lately.Marinecoín ico is ongoing currently.

They have mechanisms designed in to stop pump and dump as typical in ico’s.  They are using time dilution technology to fairly distribute their coin, .MTC., to as many as are willing to promote it a bit.  20,000 .MTC. per artificial intelligence assigned promotion tasks.  Great way to get in early with significant amounts of .MTC..  This will build a strong community to back the coin because everyone has a vested interest.  value - iot - zero fees - Learn more here marineco/in