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Author Topic: Bitcoin is slowly shit.  (Read 12684 times)
johny1976
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September 12, 2013, 07:31:12 PM
 #1

Litecoin is 1000 times faster that fuckin bitcoin.

Transaction alredy took 26 hours and still "0 confirmations".

Fuck Bitcoin. The slowliest thing on whole world.

Crap
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Transactions can optionally carry transaction fees. Whoever mines the block which ends up containing your transaction will get the fee. The Bitcoin client will sometimes force you to pay a fee when it thinks that no miner will accept your transaction otherwise.
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Kluge
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September 12, 2013, 07:32:03 PM
 #2

Transaction alredy took 26 hours and still "0 confirmations".
What's the txID?

Don't mix your coins someone said isn't legal
johny1976
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September 12, 2013, 07:33:28 PM
 #3

https://blockchain.info/tx/52f39c4b03240a845d7b1160f6ac4d37ceb0c65c534af39dc0096871d29b21b3?show_adv=false

I'm so upset :/
mccorvic
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September 12, 2013, 07:36:42 PM
 #4

I'm so upset :/

What's that little exclamation mark that says "Fee is lower than recommended amount" when you hover over it mean?

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americandesi
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BTC < > INR & USD


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September 12, 2013, 07:37:00 PM
 #5


Look at the fee that you have opted to pay. Is this transfer from mtgox to your wallet.? mtgox usually does that or allows you to choose not to pay the network fee / miners fee.

If you don't pay the normal network fee 0.005, then you will have to wait anywhere from few hours to a couple of days.

I transferred close to 30 btc 3 hours ago and it has already received 38 confirmations (as of this writing).
I always pay the normal network / miners fee.

Always buying and selling btc in bulk.!
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johny1976
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September 12, 2013, 07:39:37 PM
 #6


Look the fee that you have opted to pay.

If you don't pay the normal network fee 0.005, then you will have to wait anywhere from few hours to a couple of days.

I transferred close to 30 btc 3 hours ago and it has already received 38 confirmations (as of this writing).
I always pay the normal network / miners fee.

Thank you. But I sent this as winning from casino and i checked the (instant payment - include 0.005 fee).

Oh, never mind. Maybe my children gets it after I die. Or their children.
mccorvic
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September 12, 2013, 07:42:46 PM
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Look the fee that you have opted to pay.

If you don't pay the normal network fee 0.005, then you will have to wait anywhere from few hours to a couple of days.

I transferred close to 30 btc 3 hours ago and it has already received 38 confirmations (as of this writing).
I always pay the normal network / miners fee.

Thank you. But I sent this as winning from casino and i checked the (instant payment - include 0.005 fee).

Oh, never mind. Maybe my children gets it after I die. Or their children.

Sounds like your problem is with the casino then. Maybe they took the difference of the fee for themselves and hoped you wouldn't notice.

That, or maybe you didn't actually check the box.

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Kluge
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September 12, 2013, 07:50:26 PM
 #8

There are four (possibly more, depending on if there's an even longer chain than I can quickly see displayed) unconfirmed inputs with below-recommended fees. That transaction will probably disappear from the queue before it ever goes through.

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September 12, 2013, 07:51:34 PM
 #9

That happens sometimes. I got some unconfirmed/pending payments too, even fees were paid.  I reset blockchain but they are still stuck on my multibit account. I don't know why.
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September 12, 2013, 07:56:38 PM
 #10

Pretty lame if you ask me - especially when bitcoin touts itself as being "free of transaction fees". Sooo, you don't have to pay a fee, but it will take over a day for confirmation - gay.

I'm definitely holding onto my litecoins.

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September 12, 2013, 08:34:02 PM
 #11

Most likely an anomaly. This has happened to me before.
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September 12, 2013, 08:54:39 PM
 #12

I have heard you can add a fee after the fact by using the coin as an input in a fee-paying transaction. This would likely require manual coin manipulation though.


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September 12, 2013, 08:55:51 PM
 #13

Pretty lame if you ask me - especially when bitcoin touts itself as being "free of transaction fees". Sooo, you don't have to pay a fee, but it will take over a day for confirmation - gay.

I'm definitely holding onto my litecoins.

You do understand LTC uses the same model.  If you have a low priority tx and don't pay a fee the tx might not be relayed.  Even if it is relayed if LTC ever has anywhere near the volume that BTC does miners will prioritize tx based on fees with predictable results.

Of course in this case the OP was sent a tx which had as its inputs tx which are unconfirmed because they also are seen as spam by the network.   It would be kinda like paying for a candy bar in with a $20 bill and the cashier punches you in the nuts and burns your change.  Somehow you would reach the conclusion that fiat sucks and you are sticking with barter.
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September 12, 2013, 09:02:25 PM
 #14

Litecoin is 1000 times faster that fuckin bitcoin.

Transaction alredy took 26 hours and still "0 confirmations".

Fuck Bitcoin. The slowliest thing on whole world.

Crap

Wow...Sounds like someone is a little cranky this morning.  Maybe you should just stick to fiat.
mccorvic
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September 12, 2013, 09:03:46 PM
 #15

Pretty lame if you ask me - especially when bitcoin touts itself as being "free of transaction fees". Sooo, you don't have to pay a fee, but it will take over a day for confirmation - gay.

I'm definitely holding onto my litecoins.

You do understand LTC uses the same model.  If you have a low priority tx and don't pay a fee the tx might not be relayed.  Even if it is relayed if LTC ever has anywhere near the volume that BTC does miners will prioritize tx based on fees with predictable results.

If he understood what LTC is he wouldn't be using it Cheesy

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CoinDiver
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September 12, 2013, 09:06:05 PM
 #16

...bitcoin touts itself...

Bitcoin is not, and will not ever be capable of touting itself.

http://mises.org/daily/3229
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Kazimir
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September 12, 2013, 09:24:12 PM
 #17

Litecoin is 1000 times faster that fuckin bitcoin.

Transaction alredy took 26 hours and still "0 confirmations".
You either didn't pay a transaction fee, or you trusted some crappy casino and they decided not to pay a transaction fee. Or they decided not to transfer your money at all, and just screw you over instead.

Either way, it's your and/or their fault. Not Bitcoin's.

In theory, there's no difference between theory and practice. In practice, there is.
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Kazimir
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September 12, 2013, 09:30:50 PM
 #18

Pretty lame if you ask me - especially when bitcoin touts itself as being "free of transaction fees".
Nobody says that. In the widespread info videos about Bitcoin, it explicitly says "the fees are much lower" (comparing to traditional wire transfers or other online payment systems). And to put that in the right perspective: the default Bitcoin transaction fee (I think that's 0.0005 BTC or 0.0001 BTC nowadays, but you can adjust that as you see fit) is in fact almost free.

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I'm definitely holding onto my litecoins.
Good luck, as Litecoin uses the exact same approach. Only difference between LTC and BTC is LTC uses a higher block mining frequency (more blocks are mined per hour). Which ain't gonna help sh*t if your transaction doesn't get relayed because you didn't include a fee.

In theory, there's no difference between theory and practice. In practice, there is.
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Stephen Gornick
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September 12, 2013, 09:48:28 PM
 #19

I have heard you can add a fee after the fact by using the coin as an input in a fee-paying transaction. This would likely require manual coin manipulation though.

That "child pays for parent" patch was not ever released in the client and I'm not aware of any miners using it.

Pokerfan
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September 12, 2013, 09:49:37 PM
 #20

Failed attempt to promote litecoin. Nothing to see, please move along.
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