I don’t think bitcoin is now decentralized

[itsmyfirstaccount]

About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

The miners are too centralized,and a lot of dust trans was made every day.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.

[1714563906]

1714563906

[1714563906]

1714563906

[1714563906]

1714563906

[1714563906]

1714563906

[Charles-Tim]

The miners are not to be blamed. The mempool is congested and that has been the reason. You can face the developers, not the miners. Either they should do something about Ordinals and BRC20 tokens or get a way the mempool will not be congested as this.

[tbct_mt2]

About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

The miners are too centralized,and a lot of dust trans was made every day.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.

Bitcoin miners always choose transactions from tip of mempools to confirm if it is not their own transactions. It is very basic algorithm from miners and from any business. Don't blame it on miners.

Blame it on people who are ready to pay very high transaction fees for useless things like Inscriptions and can afford to lose money for transaction fees because of Ordinals and even lose bigger if those inscriptions turn to zero in value.

Bitcoin developers from their technical side must think of solution to resolve this issue but users have their responsibility too.

Decentralized? Yes Bitcoin network is still decentralized.

[Stalker22]

The miners are too centralized,and a lot of dust trans was made every day.

Do you even know what the word "decentralized" means? But for the sake of argument, let us assume you are referring to mining pools. How exactly would solo miners address the issue of network congestion and dust transactions?

I don’t think a normal man would make such a nonsense transaction.

Then dont. Or at least wait for the mempool to go back to normal.

[yhiaali3]

The blame cannot be placed on the miners because they are primarily looking for profit and the higher the fees the happier they are, but the network protocol itself that allows miners to choose the transaction with the highest fees to confirm should be blamed.

In my opinion, this protocol should be changed so that miners are not able to choose the transactions with the highest fees, but rather have to execute transactions in their chronological order. This can reduce the mad race to raise fees to speed up the confirmation of transactions.

[franky1]

The miners are too centralized,and a lot of dust trans was made every day.

miners do not select transactions
asics dont have a mempool. asics dont have a hard drive to store utxo's

mining pools are different than miners

learn this exploit is not caused by miners.. they do not code.
mining pools did not even code their own nodes.. learn who coded the bitcoin nodes to allow this exploit
learn this exploit is not caused by AI.. bitcoin did not write itself

realise core devs wrote the exploit. and core devs are the centralised group.. the secret is in their brand name

whomever you read about blaming miners is a fool making you look like a fool. they ar trying to make you not look at CORE devs

realise core has become too centralised. they can add new funky stuff without network fullnode majority readiness. yep they added code to bypass validation stuff so "full" nodes are not full nodes compared to the previous years way of network operation and consensus readiness before new features activated

core devs softened consensus
core devs REKT alternate brand nodes to gain dominance. core devs added opcodes that exploit validation

from november 2016-june 2017 mining pools were only <45% agreeing the the network change that opened the exploit.
they were mandated using blackmail to comply to the change or have their blocks rejected. which caused an artificial(not natural) 100% compliance

core dev won their tricks, sponsored by corporations that want users to move away from using bitcoin network and instead use middle-men custodians and systems

[uneng]

About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

First of all, you shouldn't have sent a transaction paying only 5000 satoshis fee. You took the risk and the worst happened. Now you have a stucked transaction on the blockchain. Pray that it's going to be confirmed at some point...

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

That is the proof the system is decentralized. There isn't a central authority to come and say what should be confirmed next and after. There isn't a middleman to say what is fair and what is unfair regards transactions' confirmations. The system regulates itself following logical rules.

The miners are too centralized,and a lot of dust trans was made every day.

I don't know how centralized the hashrate is right now, but anyway it's not a monopoly. Anyone is free to join the mempool and become a miner.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.

That is what I would say about someone who sends a BTC transaction paying 5000 satoshis fee in the beginning of a potential bull run.

[itsmyfirstaccount]

anyone tell me why this trans exists?



465935d1c04199ea07cb02a4e25dc97877dc8213adb2c0d9a29dd6ebfb348ff1


Output Value
0.00000500 BTC
$0.22
Fee
0.03932096 BTC
$1,715.45

[so98nn]

The miners are not to be blamed. The mempool is congested and that has been the reason. You can face the developers, not the miners. Either they should do something about Ordinals and BRC20 tokens or get a way the mempool will not be congested as this.

Now I am starting to feel like Satoshi should have made some provision to lock the blockchain (restrict) from getting used for other off-chains that are now cause of such high congestion on it. I know that this will make it look like a centralized blockchain since it won't be available for other projects to be utilized, but it surely would have stayed decentralized for Bitcoin without compromising its integrity. I am not sure if this is possible technically or not but imagine a world right now with blockchain that is only dedicated to Bitcoin, it would have been smoother for miners, developers, and users.

You know, the kind of thing where we have dedicated servers for "X" Virtual Database (VDb), with another one as the disaster management server. Similarly, it should have been only one Blockchain that is a highway for Bitcoin. Like a clean network with no other data getting mixed, such as Ordinals.

[franky1]

anyone tell me why this trans exists?

465935d1c04199ea07cb02a4e25dc97877dc8213adb2c0d9a29dd6ebfb348ff1

Output Value
0.00000500 BTC
$0.22
Fee
0.03932096 BTC
$1,715.45

someone paid $1.7k for a 34kb meme image to be published on the blockchain

[itsmyfirstaccount]

And what kind of people will do this trans?

4a8c87eb15806fc89626c8e0738bdf44e2f56e193783b29b678a07755c6bb90b


Inputs
1
Input Value
0.00021772 BTC
$9.50
Outputs
1
Output Value
0.00000330 BTC
$0.14
Fee
0.00021442 BTC
$9.35
Fee/B
67.006 sat/B



From
1
bc1p74wy5q40a4f5c4mxfgs0pvynlrs9hz8a4puxparpjc8zmumk5t4qt4hucc
0.00021772
BTC
•$9.50
To
1
bc1pszc82llawlapphwvauvpazmzsjjqf0m6myr6wnznlwhpje4ldu9s4x4ajj
0.00000330
BTC
•$0.14






Please check the input and output address carefully

They made a lot of such nonsense transaction,the only reason is it is trans from miner to higher their value of mining and charge more .congesting the block themself and charging more

[Poker Player]

In my opinion, this protocol should be changed so that miners are not able to choose the transactions with the highest fees, but rather have to execute transactions in their chronological order. This can reduce the mad race to raise fees to speed up the confirmation of transactions.

That you say is bullshit because everyone would send transactions with the minimum fee and instead of having hundreds of thousands of spam transactions on the blockchain we would have millions waiting to be executed, thus making it impractical. Besides, as the block reward would go down, mining would not be profitable for miners.

[CODE200]

It's congested, got to wait much longer than usual and bitcoin is still decentralized and it will always be because that's how it was created. The reason that you think that's how bitcoin is because a lot of CEX are popping up to do what DEX already do and it just so happens that people are still using CEX despite the presence of DEX in the market. I guess the one thing that you can do OP is to wait for things to calm down again because right now, the ordinals are just popping up and it's the one reason why we're paying a lot of money in transaction fees so stay strong and wait for the time to come when things are going to be normal again for the mempool.

[retreat]

What do you mean by miners are too centralized? and why do you assume that makes bitcoin no longer decentralized? You need to learn more about the concept of decentralization in Bitcoin, because you are thinking about the wrong concept about it.
Bitcoin will forever be decentralized and that will not change, because no one entity is managing the Bitcoin network as they please. Moreover, the issue regarding fees has nothing to do with miners, it is all related to Ordinal and the bullish market which makes the network congested.

[itsmyfirstaccount]

What do you mean by miners are too centralized? and why do you assume that makes bitcoin no longer decentralized? You need to learn more about the concept of decentralization in Bitcoin, because you are thinking about the wrong concept about it.
Bitcoin will forever be decentralized and that will not change, because no one entity is managing the Bitcoin network as they please. Moreover, the issue regarding fees has nothing to do with miners, it is all related to Ordinal and the bullish market which makes the network congested.

I mean, ordinary people like me are difficult to become miners. The disk is 500 G, the Internet must be fast, and computer costs and electricity costs are high. These are the thresholds.

Therefore, in this world, Bitcoin has only 6,000 nodes. Most of them belong to one or two groups.

Therefore, such a system is centralized. They can do something, such as ignoring some transactions, and do not confirm (the possible public reason is that the transaction fee is too low).

Moreover, there is no trustworthy exchange place for Bitcoin's decentralized transactions. We must be KYC and become legal members.  BUT KYC is not a part of decenralization.

And this forum. I just posted a post about Satoshi, which was deleted for no reason.

Therefore, Bitcoin is not fair. Like the real world, some people (only a small part of the total) control important resources.

We, you and I are just fish.

I also found that many people only tipped in this forum for promotion. That's really bad. You post the posts just because you participated in the signature event (you must have enough posts to complete the task and get the bonus)? This is my first account on this forum. The experience is really bad, not only my post be deleted and not not only no notified. The atmosphere of freedom is gone.But the quality of all posts. It seems that the cognition is very low.

[lovesmayfamilis]

I also found that many people only tipped in this forum for promotion. That's really bad. You post the posts just because you participated in the signature event (you must have enough posts to complete the task and get the bonus)? This is my first account on this forum. The experience is really bad, not only my post be deleted and not not only no notified. The atmosphere of freedom is gone.But the quality of all posts. It seems that the cognition is very low.

I did not find any of your deleted posts; perhaps they were moved to another section. In addition, you slightly do not understand all the specifics of the forum, but you are already issuing guilty verdicts. Try to be more lenient, and it is precisely because of your ignorance that everything here on the forum causes you to be rejected.
Take your time, read, and ask, and everyone will meet you halfway. Just ask yourself why you react this way and how people exist here.
There is a section for beginners; perhaps this will make you more comfortable.
https://bitcointalk.org/index.php?board=39.0

[hugeblack]

Good news is that no one will worry if the block reward becomes zero as Avg Block Fees 1.3785 BTC/block so miners are happy with the result.

Bad news: Such fees will stop global adoption, especially the reliability of Bitcoin as a payment currency, but I still find the fees acceptable if your transaction is as simple as contains one input and two outputs and you want to send thousands of dollars, but it doesn’t makes sense if you want to use Bitcoin for daily things or for small amounts.

Therefore, Bitcoin is either used for specific transactions, or resorted to solutions for daily transactions.

In addition, all of this discussion does not focus on decentralization, but rather scalability.

[Despairo]

I mean, ordinary people like me are difficult to become miners. The disk is 500 G, the Internet must be fast, and computer costs and electricity costs are high. These are the thresholds.

Solo miner is almost gone, why force yourself to mine Bitcoin? many miners already take look to another opportunity or mine shitcoins.

I also found that many people only tipped in this forum for promotion. That's really bad. You post the posts just because you participated in the signature event (you must have enough posts to complete the task and get the bonus)? This is my first account on this forum. The experience is really bad, not only my post be deleted and not not only no notified.

I did not find any of your deleted posts; perhaps they were moved to another section.

This was his post that got deleted.

@OP the reason why you not get notified because the moderator/@OP of the thread you posted got deleted, if the thread got deleted, every posts would be deleted too.

Why it's bad? if you don't like account who wear signature, just click ignore or you can disable it through "Look and Layout Preferences" > "Don't show users' signatures". You can report anyone post if you feel it's spam or low quality. You might not get any reply if there was no paid signature.

[ABCbits]

What do you mean by miners are too centralized? and why do you assume that makes bitcoin no longer decentralized? You need to learn more about the concept of decentralization in Bitcoin, because you are thinking about the wrong concept about it.
Bitcoin will forever be decentralized and that will not change, because no one entity is managing the Bitcoin network as they please. Moreover, the issue regarding fees has nothing to do with miners, it is all related to Ordinal and the bullish market which makes the network congested.

I mean, ordinary people like me are difficult to become miners.

That's true. You need low electricity price and efficient ASIC in order to mine at profit.

The disk is 500 G, the Internet must be fast, and computer costs and electricity costs are high. These are the thresholds.

You don't have to run full node to use Bitcoin. And FWIW cost to run full node is far lower than running altcoin full node.

Therefore, in this world, Bitcoin has only 6,000 nodes. Most of them belong to one or two groups.

Actually it's about 16K[1] reachable nodes while number of all full nodes is higher[2]. And could you clarify by "one or two groups"?

Moreover, there is no trustworthy exchange place for Bitcoin's decentralized transactions. We must be KYC and become legal members.  BUT KYC is not a part of decenralization.

Exchange isn't part of Bitcoin network. And there are several exchange with no or optional KYC[3].

And this forum. I just posted a post about Satoshi, which was deleted for no reason.

I didn't see your post, but this forum isn't part of Bitcoin network.

[1] https://bitnodes.io/
[2] http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
[3] https://kycnot.me/

[Z_MBFM]

Miners themselves cannot control Bitcoin. They are only involved in mining to mine bitcoins which you can do yourself if you want. Bitcoin transaction fees go up and down depending on the transaction. And once you send bitcoins, you can't cancel that transition. No one has this power.  Because it is totally decentralized.  So you have to check the sender address well and then send for your fund safety.  And you yourself know that when you send bitcoins with low transaction fees, it will take longer because the transactions of those who sent bitcoins with higher fees than you will be given priority. Then your transaction will be confirmed. So there is no room to blame miners or Bitcoin for this