BlackBoss_
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May 13, 2023, 02:49:29 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives.
It is days ago and now it is better. You can have confirmations with 40 sats/ vbyte or even 25 sats/vbyte in Saturday and Sunday as we are in a weekend that gives us cheaper transaction fees. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it.
You create a tool and people can use it with their own ways. You can not control other people and it is what Satoshi Nakamoto can not control too. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Satoshi can not do anything. If he can do anything by himself, Bitcoin will become centralized that we don't want to have and if it becomes centralized like altcoins, its value will be lower. If any upgrade needs to be made, it needs to have Consensus in Bitcoin nodes. A single person like Satoshi Nakamoto can not do anything against the Consensus.
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AprilioMP
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May 13, 2023, 03:36:25 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Under attack? I do not think so. Just having a busy transaction. Writing after writing that I read from various spaces about Satoshi Nakamoto made me realize that he doesn't need praise for the masterpieces that have been created. The Bitcoin he created has become a huge benefit that has been enjoyed by all elements of people, from the bottom to the top. Why is it that when something related to Bitcoin goes wrong, people appear to question where he is. My answer, Satoshi is happy behind the benefits we get.
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Iranus
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May 13, 2023, 03:39:46 AM |
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Don't forget bitcoin is open source, and we still have other developers, I believe they will fix this soon without Satoshi's help. This is not a big deal because nothing is perfect, even with bitcoin. As with any product, there are always a few problems, and if they happen, we just need to find a way to fix them, and everything will be fine. Satoshi decided to remain anonymous, so we shouldn't refer to him in any way every time bitcoin is in trouble. We should find the solution on our own, not blame or focus on just one person. Do not forget the criterion of bitcoin is decentralized, not depending on anyone, including its creator.
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jeraldskie11
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May 13, 2023, 04:18:49 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
If Satoshi is still alive, he will not speak out regardless of what happens to Bitcoin. If he ever appears, the entire world will be surprised, and it will mean a lot to Bitcoin. On the other hand, wicked guys will pursue or capture Satoshi. Some people are skeptical that he is the genuine Satoshi. It's possible that he predicted what's happening to Bitcoin right now. And, because Bitcoin was founded as an open-source, there is no need to be concerned that much because we have developers that will going to fix this.
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Sayeds56
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May 13, 2023, 04:42:26 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Nobody knows the whereabouts of Satoshi Nakamoto, his true identity remains unknown and there has been no public communication since he disappeared in 2010. One thing we should understand about the design of Bitcoin, it was never meant to be static but developing network, after the departure of Satoshi from the scene, community of developers is continually working to address various challenges those Bitcoin network confronts, and I am quite sure they are actively working to address currently ongoing issue of network congestion.
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Godday
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May 13, 2023, 04:51:07 AM |
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All this happens because the network is so busy as a result of the many transactions and the shit collection of NFTs. And I've read a few articles about Satoshi and I've found that there's a lot of mystery about this man. Some say it's not the name of a person but a group of tech groups.
There are also those who say that he is still around and monitoring BTC developments from behind the scenes. He is also still in contact with fellow early-stage BTC developers like Garvin Andersen.
And an interesting fact is that Satoshi has lost the patent on BTC and has shared the "code" with developers all over the world. This proves that Satoshi really wants BTC to be put to good use in the future.
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EarnOnVictor
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May 13, 2023, 04:54:46 AM |
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First, the Bitcoin network is not under any attack, the issue that happened was due to Ordinals and the creation of BRC-20. And it's worth noting that Satoshi did a brilliant job with Bitcoin and its blockchain technology, but it's sure to note that he was not perfect with it. Not him, his work and the decision to just leave everything is perfect.
I come to this conclusion because if he or they are still alive, they would have been yearning for an upgrade in the network. As professionals, they must have discovered a lot of errors and how they will fix them. But with the approach they use by abandoning the network, it's almost impossible to do unless they are just contributing their ideas like any other person.
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irhact
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May 13, 2023, 05:01:47 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
Satoshi doesn't need to come out because Bitcoin is experiencing some challenges. The community can handle itself properly as it has always done in the past. Satoshi should keep on hiding as that's the only way he or them can be sure of staying alive. The government hate bitcoin to the extend they might kill Satoshi if he come out from hiding. People using alternative currency shouldn't be an issue because Bitcoin itself is an alternative kind of payment and more alternative should be accepted. As soon as Bitcoin fees return to normal, people will come back so we shouldn't be worried much about those leaving.
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adaseb
Legendary
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May 13, 2023, 05:11:50 AM |
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Satoshi is not going to show up all of a sudden due to these minor issues we are having now. We had bigger issues in the past and he never showed up.
If he shows up all of a sudden then people will worry that he might sell his coins and start a sell off. Now we all assume he is dead or he lost the private keys and those coins won’t be moved ever hence lower supply.
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michellee
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May 13, 2023, 05:18:12 AM |
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No one knows where Satoshi is, but I believe he is still alive and busy with other projects or just enjoying life playing with code. I guess Satoshi knew the current situation but he probably wouldn't come out this time and still chose to hide.
He would come out later, assume using someone else's identity, and devise a solution to resolve this situation. Many possibilities can happen if it is Satoshi because we don't know who Satoshi really is.
And that's what makes Satoshi turn into whoever he wants to help overcome or make some changes without us noticing.
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Despairo
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May 13, 2023, 05:37:02 AM |
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If you refer the usage of BRC-20 tokens are attacking Bitcoin network, it doesn't need Satoshi to solve it because the developers can propose a soft fork to make the BRC-20 tokens would run in other network. Even the real Satoshi comes up and publicize if he's still alive, all of his proposal will not entirely will accepted with other developers if they think it will ruin or has a drawback against Bitcoin's decentralization.
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worle1bm
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May 13, 2023, 06:10:53 AM |
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Why are we always connecting it to Satoshi whenever we see something in the bitcoin network? He became inactive years ago or maybe still here who knows but one thing is sure the network is not controlled by anyone which is why we call it decentralised network.You are just taking this fees issue too far and think Satoshi would come out with a solution for it? This will be solved soon when memepool will have less transactions and we are seeing decrease a little bit also.So just relax and you will notice things becoming normal soon.
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yudi09
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May 13, 2023, 07:00:04 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
The current high transaction fee has also happened before, if I am not mistaken in remembering, it happened around 2018. At that time, transaction fees were high while the selling price of Bitcoin also decreased, so many sentences appeared that the fee was more expensive than the selling price. *If wrong can be corrected.What is her relationship with Satoshi related to the current situation? This problem will be solved my friend. This wasn't a big deal that required Satoshi to be present to sort it out. The goal of creating Bitcoin is to be as decentralized as possible. Or maybe OP misses the figure of Satoshi?
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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KiaKia
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 13, 2023, 09:10:07 AM |
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Satoshi's hidden identity was all planned out, I doubt that's even his real name, he must have moved on to another thing entirely, people are saying he is not active on the forum, how sure are you that he his not? Because it will be easy for him to quit using the Satoshi Nakamoto bitcointalk account and create another, he chooses to stay anonymous for the sake of Bitcoin and getting tracked down by the government, so far it works.
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Ojima-ojo
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May 13, 2023, 09:41:04 AM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives.
I don't see the recent hyke in the blockchain fees as an attack that will warrant the attention of Satoshi since he already mentioned and covered all this in the early development and if I can remember Satoshi last word vividly he state and I quote, the Bitcoin network will come under many attacks but we must allow it to develop and grow organically without interference. So this recent network spam was a deliberate attack by shitcoiners just to cause confusion, but most knowledgeable bitcoin users already know this and we are just taking this present conditions as a temporary set back that will help the miners to make improvement and raise the harsh rates against possible future attacks in this nature. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or impranonymouslynymously?
I don't think so, the bitcoin network is not under attack directly but the blockchain is where the problem lies, and with time it will be worked on the accommodate more transactions and process them as fast as possible.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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Frankolala
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May 13, 2023, 10:40:05 AM |
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i don't know where is satoshi. with expensive btc transaction fees, I think in this case we have to respond positively, and I believe btc transaction fees will return to normal, and with expensive transaction fees, I think this is a obstacles and trials that we must be able to pass, the point is we don't become BTC investors who fail, I don't think long term btc investors will worry about fees.
but for buying and selling transactions using btc in my opinion it should be postponed for a while, and wait for transaction fees to return to normal.
Satoshi has foreseen all these attack on the bitcoin blockchain,that was why he made it an open source. The blockchain has been programmed and there is nothing that he can do about the congestion. If he is alive,he will worry less because he knows that the ordinals attack can never be permanent and will subside down. This has happened before and everything went back to normal, i.e Satoshi has experienced it before and to his own nose,it wasn't a big problem. We are worried and asking questions because some of us are new into bitcoin and haven't experienced such,but the old bitcoiners who have experienced it are just relaxing and waiting for the congestion of the mempool to be over. Presently,as am typing this message,the congestion in the mempool is gone and transaction fee is very low.
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sokani
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 13, 2023, 02:30:24 PM |
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Bitcoin network has been under attack and the results has been very high transaction fees which has made many people who use it for transactions to use alternatives. This is challenging to the vision of Satoshi when he created Bitcoin for use also as currency as many people will criticize the network as unfit for transactions if accepted for use and everyone starts to use it. There is no way that Satoshi is not aware of the current situation if still alive, do you think what is happening right now is enough to draw Satoshi out to still make some changes or improvemens annonymously?
This too shall pass. It's just another trying time that the Bitcoin network is facing and I strongly believe everything will be okay very soon and we don't need Satoshi because Satoshi is a misery and there's a good reason why he concealed his identity and the network congestion is not enough reason to force him to come out and if there's anything he can do I believe he can still do it without revealing his identity.
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Z-tight
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May 13, 2023, 02:48:44 PM |
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If he's still here, he'll for sure do something and step in but before proceeding, he'll have to propose and educate everyone on what he must do to see the potential outcome of it.
If he was somehow here, he cannot do anything in and of himself, he created BTC to be run based on the consensus mechanism, all controlled by everyone in the community, so even when he was around, he was never BTC's leader or owner, he was only the creator. BTC has never been in the hands of an individual, not even Satoshi. but for buying and selling transactions using btc in my opinion it should be postponed for a while, and wait for transaction fees to return to normal.
BTC is a currency, do you stop using the dollar because of inflation or counterfeit problems. BTC is a censorship resistant and permissionless currency, nobody can stop or postponed the network from working, you as a person can decide not to use BTC for now, it is a free market, but nodes would not stop validating TX and miners wouldn't stop confirming TX as well. By the way the mempool is becoming less congested and TX fees are cooling down.
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reagansimms
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May 13, 2023, 02:50:57 PM |
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There is no need to pull Satoshi out to solve this problem. If he's still alive, he just sits there doing nothing. What the network is experiencing now is a minor issue that the developers were able to fix, they can still be relied on to run updates and upgrades to the Bitcoin network without forcing Satoshi down the hill. This is just a minor issue that the Bitcoin network is experiencing, everything will be fine once the issue is resolved. Never make any transactions if you feel the transaction fees are too high, leave your assets in the wallet until the network returns to normal.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Aikidoka
Sr. Member
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May 13, 2023, 02:51:07 PM |
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There is no need for Satoshi to show up! It's not a serious issue related to Bitcoin to require the creator to reveal themselves, even if he is still alive. The creator is a mystery, and I don't think he/they will appear one day, even though I believe he/they is/are still alive but operating behind the scenes, as we see with the character Gin Freecss from the anime Hunter x Hunter, if anyone have seen it.
In any case, the high fees are temporary due to the high number of transactions, and it's normal. It could be fixed once the network cools down and I'm confident that the Lightning Network could address this issue at some point. If there is no solution available atm, we have many developers who work on Bitcoin and are experts who can upgrade and fix any issues. There is no need for Satoshi to step up exclusively because Bitcoin is an open-source project, and anyone can contribute to making it better.
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