|
proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 04:02:01 PM |
|
Yeah, I don't know. I noticed too. Maybe some of it can be explained by people moving coins out of MtGox to other exchanges, but I'm even speculating on that. I really have no idea.
|
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 04:13:24 PM |
|
I have a problem with calling transactions "transaction spam"... so long as the fee is being paid, then one transaction is just as legitimate as another. The blockchain better be able to handle immensely higher amounts of transactions than it does today. Actual transaction spam would be someone creating bogus transactions of tiny amounts for the purpose of clogging something up or otherwise messing with things. If there is any payment purpose to the transaction at all then it is not spam.
|
|
|
|
hazek
Legendary
Offline
Activity: 1078
Merit: 1003
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 04:20:44 PM |
|
The blockchain better be able to handle immensely higher amounts of transactions than it does today. IMO it is the most pressing issue Bitcoin faces from a technical perspective.
|
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
|
|
|
Bigpiggy01
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 05:07:06 PM |
|
I have a problem with calling transactions "transaction spam"... so long as the fee is being paid, then one transaction is just as legitimate as another. The blockchain better be able to handle immensely higher amounts of transactions than it does today. Actual transaction spam would be someone creating bogus transactions of tiny amounts for the purpose of clogging something up or otherwise messing with things. If there is any payment purpose to the transaction at all then it is not spam. In that case let's just call it bloat as until there is a proper dev fix for this none of the really transaction heavy services are atm doing much of anything for either bitcoin or its wider adoption.
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 05:39:08 PM |
|
I have a problem with calling transactions "transaction spam"... so long as the fee is being paid, then one transaction is just as legitimate as another. The blockchain better be able to handle immensely higher amounts of transactions than it does today. Actual transaction spam would be someone creating bogus transactions of tiny amounts for the purpose of clogging something up or otherwise messing with things. If there is any payment purpose to the transaction at all then it is not spam. In that case let's just call it bloat as until there is a proper dev fix for this none of the really transaction heavy services are atm doing much of anything for either bitcoin or its wider adoption. Bloat is a fair term I guess ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
|
niko
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 11:01:42 PM |
|
mixing services?
|
They're there, in their room. Your mining rig is on fire, yet you're very calm.
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2012, 11:05:20 PM |
|
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 02:34:33 AM |
|
Ehhh well since I wrote that I should've considered if that was the spike ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) But no, I don't think PorcFest contributed anywhere near to 1-2k new transactions per day, and I think the spike occurred just after PorcFest, not during. There must be some other factor going on...
|
|
|
|
weex
Legendary
Offline
Activity: 1102
Merit: 1014
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 07:33:44 AM |
|
This is cool. On the 100 most popular graph how are the 100 most popular addresses determined? Is it the most popular in the last 24 hours or over some longer period?
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 01:36:56 PM |
|
This is cool. On the 100 most popular graph how are the 100 most popular addresses determined? Is it the most popular in the last 24 hours or over some longer period? It's the addresses which have received the most coins in total. Here's the list: http://blockchain.info/popular-addresses
|
|
|
|
Bitcoin Oz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 01:40:40 PM |
|
Paul Graham has endorsed bitcoin by funding a startup which uses bitcoin. Perhaps this increased legitimacy is helping.
|
|
|
|
evoorhees (OP)
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 07:03:53 PM |
|
Paul Graham has endorsed bitcoin by funding a startup which uses bitcoin. Perhaps this increased legitimacy is helping.
It certainly increases legitimacy, and it'd explain a price spike, but doesn't really explain a transaction quantity spike that happens right at the same time. But I like all these theories... keep them coming!
|
|
|
|
wareen
Millionaire
Legendary
Offline
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 07:35:13 PM |
|
BFL
All the Bitcoins for their ASIC preorders went through bit-pay and they're probably selling most of them slowly in order to make their USD payments to BFL. Since they also announced that they're not going through the exchanges but rather sell them directly there's obviously more transactions in the blockchain.
|
|
|
|
TeslaUa
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 08:35:24 PM |
|
We dont see any impact on transaction volume. So mixing services are unlikely candidate for explanation. More like some scriptkiddies attempting transaction spam.
|
|
|
|
Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 10:51:24 PM |
|
Maybe they should move it up a notch, to "..without the 1000 most popular addresses"
|
|
|
|
weex
Legendary
Offline
Activity: 1102
Merit: 1014
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2012, 11:49:29 PM |
|
Trying to separate out "real" transactions is a worthy effort and I appreciated that on blockchain.info. I think it'll make less sense however as transaction volume becomes more diverse over time. I've decided just to take SD as a sign that Bitcoin volume is going to grow in tons of new ways, all adding value to the existence of the technology, network, and currency.
|
|
|
|
niko
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2012, 06:06:13 AM |
|
But I like all these theories... keep them coming!
Something tells me that Erik might already have an answer...
|
They're there, in their room. Your mining rig is on fire, yet you're very calm.
|
|
|
|