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Topic: [1000 unconfirmed transaction] Spam attack has practically ended for 2 days! (Read 3055 times)

legendary
Activity: 1372
Merit: 1014

LTC, PPC , NMC.
Those are good examples, but the interest for them seems to be lacking nowadays. Everyone wants to profit from the ETH & DASH scam coins.


And each one of them has been around for a long time, a huge hashpower behind it, and could replace Bitcoin immediately.

Yes it seems that today it is all about being fashionable  Sad
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political


B) keep the blocksize and just increase the fees so its more expensive for everyone to transaction, while not increasing bandwidth for anyone
-snip-
Segwit is an block size increase. Quit your whining.
 

my response:



Yes, segwit does do that -- but its a fairly modest increase that is coming pretty late...so we may still get congestion... and on core's terms instead of letting the market decide...  And it may not even activate.   ...And it greatly increases the complexity of the code. ...And it only helps to the degree to which wallets use it, which is only partial for now.

Like I said - THEIR roadmap.  They are giving a tiny bit of on chain scaling, maybe, eventually... while they work on LN.   
legendary
Activity: 2674
Merit: 3000
Terminated.
They might not be real financial transactions, but they may be transactions that utilise the blockchain to store immutable data. That may or may not be spam depending on your viewpoint.
It is spam. End of discussion.

B) keep the blocksize and just increase the fees so its more expensive for everyone to transaction, while not increasing bandwidth for anyone
-snip-
Segwit is an block size increase. Quit your whining.

LTC, PPC , NMC.
Those are good examples, but the interest for them seems to be lacking nowadays. Everyone wants to profit from the ETH & DASH scam coins.

So, the problem is that more on-chain transaction capacity is needed (which is highly debatable, considering there's good evidence it's all spam driven)


So the obvious solution is to make the transactions and their signatures smaller, so that we can have more capacity per block.
Ironically the people who stated that they care about the *user experience* are the ones who made it worse by introducing extreme volatility with their HF propaganda.
hero member
Activity: 770
Merit: 629
PPC

this one's a really interesting one. it's bizarre that it's semi forgotten when it's been so innovative.

I think their users died whist waiting for their peercoin to mint.

Smiley  Souvenirs Smiley

Back then I thought this was a killer coin.  I never understood why it didn't take off.  Probably too advanced too soon, while "bitcoin was god".


sr. member
Activity: 476
Merit: 501
PPC

this one's a really interesting one. it's bizarre that it's semi forgotten when it's been so innovative.

I think their users died whist waiting for their peercoin to mint.
legendary
Activity: 3430
Merit: 3080
Problem and solution is obvious.

So, the problem is that more on-chain transaction capacity is needed (which is highly debatable, considering there's good evidence it's all spam driven)


So the obvious solution is to make the transactions and their signatures smaller, so that we can have more capacity per block.
legendary
Activity: 3472
Merit: 10611
Is this legit?
The timing for the attack with the current events happening right now like the hardfork and BU nodes crashing seems perfect lol
Perhaps this was payback from those guys who got there codes exploited from the recent BU network attack. So why did the spam stop already?

have you been sleeping for the past year! this is not new. spam attack has been around for a rather long time. started with them calling it "stress test" back in 2015 (or maybe it was even older and i missed it) and has been coming and going ever since.

see some examples of them here: https://bitcointalksearch.org/topic/mother-of-all-spam-attacks-on-bitcoin-network-proof-1776143
sr. member
Activity: 1400
Merit: 269
Is this legit?
The timing for the attack with the current events happening right now like the hardfork and BU nodes crashing seems perfect lol
Perhaps this was payback from those guys who got there codes exploited from the recent BU network attack. So why did the spam stop already?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political

snip

there's nothing i can say at this point that hasn't been said before.  Problem and solution is obvious.
legendary
Activity: 3472
Merit: 10611
~
yeah, so do we:
A) increase the blocksize so the spammers have to do WAY more transactions, making it more expensive for the spammers, while simultaneously increasing bandwidth for everyone
or
B) keep the blocksize and just increase the fees so its more expensive for everyone to transaction, while not increasing bandwidth for anyone
Answer should be pretty clear.

first of all you are just trying to make this topic into another one of "those" topics Cheesy
also the answer is apparently not clear or we have switched already Wink

but seriously, how much are you going to increase the size. 500 byte? 1000? 5000? and what will you do when fees came down and spam attack became easier? fees are 220ish s/b if it goes down to say 50 that means 1 spam tx turns into 4-5 txs and you successfully quadrippled the spam attack with the fork

nobody is more mad of the high fees than i and i am all for a block size increase though, i think 1 MB is reaching (not reached) its end but it can not be done without a proper plan. so far this spam is being used as a weapon to pretend we need fork(s).

well, maybe i was paying too much but all of my transactions absolutely flew today.

we have been going back and forth with the spam size.
legendary
Activity: 1288
Merit: 1087
well, maybe i was paying too much but all of my transactions absolutely flew today.


PPC

this one's a really interesting one. it's bizarre that it's semi forgotten when it's been so innovative.
legendary
Activity: 1372
Merit: 1014
Bitcoin network will not need the extra capacity of Bitcoin Unlimited as users began migration to other coins, cheaper to transact networks, you know their names.
Please name me a single viable alternative. By viable I mean the following:
1) Doesn't have an instamine / isn't a scam. (See Dash)
2) Isn't highly centralized / doesn't have a high king. (see Ethereum)
3) Doesn't have even worse scalability issues than Bitcoin. (see Monero)

Please indulge me.


LTC, PPC , NMC.
newbie
Activity: 40
Merit: 0
Lots of alt-coins have been cheaper and faster over the last 4 years, still are.

An old saying
"It is not about the return on your money, it is about the return of your money."

Bitcoin is more than just speed, I would advise new investors to go and read some of Satoshi's posts.

Besides, I personally am glad more bagholders are leaving Bitcoin, for every one bagholder that exits come 10 new excited, interest, entrepreneurial investors ready to take Bitcoin and business to the next stage. And one less pump and dumper.

Central bankers fight price corrections, Bitcoiners must embrace them. They clean the pipes like a good plumber.
In reality they are not.  The arguments about Bitcoins are related to it not being scalable.  Just because an altcoin with next to no usage compared to Bitcoin is doing okay, doesn't mean it would actually be okay with the same level of usage.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I'm gonna have a stab at this and say that it wasn't spam.
-snip-
You want to tell me that the tens of thousands transactions in the following format: Address A -> Address A
Are real financial transactions? Roll Eyes It is most certainly spam.

ah.. lol.. ok.. That is pretty obvious..

also do you see in the second picture, the second red arrow with an exclamation mark in it.
an straight line with a fixed-rate-increase of number of transactions is not normal. and this is just a small scale, if you look at precious times you can see the bigger ones Wink

~
They might not be real financial transactions, but they may be transactions that utilise the blockchain to store immutable data. That may or may not be spam depending on your viewpoint.

although, it is hard to believe about some of these txs but i agree. we can never easily brand transactions as spam, but most of the time when you see someone is sending multiple (100-1000) transactions to same address with 10 seconds intervals, that can not be normal behavior.

yeah, so do we:

A) increase the blocksize so the spammers have to do WAY more transactions, making it more expensive for the spammers, while simultaneously increasing bandwidth for everyone

or

B) keep the blocksize and just increase the fees so its more expensive for everyone to transaction, while not increasing bandwidth for anyone

Answer should be pretty clear.
legendary
Activity: 3472
Merit: 10611
I'm gonna have a stab at this and say that it wasn't spam.
-snip-
You want to tell me that the tens of thousands transactions in the following format: Address A -> Address A
Are real financial transactions? Roll Eyes It is most certainly spam.

ah.. lol.. ok.. That is pretty obvious..

also do you see in the second picture, the second red arrow with an exclamation mark in it.
an straight line with a fixed-rate-increase of number of transactions is not normal. and this is just a small scale, if you look at precious times you can see the bigger ones Wink

~
They might not be real financial transactions, but they may be transactions that utilise the blockchain to store immutable data. That may or may not be spam depending on your viewpoint.

although, it is hard to believe about some of these txs but i agree. we can never easily brand transactions as spam, but most of the time when you see someone is sending multiple (100-1000) transactions to same address with 10 seconds intervals, that can not be normal behavior.
sr. member
Activity: 476
Merit: 501
I'm gonna have a stab at this and say that it wasn't spam.
-snip-
You want to tell me that the tens of thousands transactions in the following format: Address A -> Address A
Are real financial transactions? Roll Eyes It is most certainly spam.

ah.. lol.. ok.. That is pretty obvious..

They might not be real financial transactions, but they may be transactions that utilise the blockchain to store immutable data. That may or may not be spam depending on your viewpoint.
hero member
Activity: 718
Merit: 545
I'm gonna have a stab at this and say that it wasn't spam.
-snip-
You want to tell me that the tens of thousands transactions in the following format: Address A -> Address A
Are real financial transactions? Roll Eyes It is most certainly spam.

ah.. lol.. ok.. That is pretty obvious..

legendary
Activity: 2674
Merit: 3000
Terminated.
I'm gonna have a stab at this and say that it wasn't spam.
-snip-
You want to tell me that the tens of thousands transactions in the following format: Address A -> Address A
Are real financial transactions? Roll Eyes It is most certainly spam.
hero member
Activity: 718
Merit: 545
I'm gonna have a stab at this and say that it wasn't spam.

When you reach capacity at any club, and people keep turning up, the queue starts to grow pretty quickly. That's what's happening.

Whenever Bitcoin is 'Raging' - in all the papers, price going up, optimism flying high, the TXN/s simply increase, by a noticeable factor (2x?). And since we are 'almost' at capacity, it only takes a small push for the mempool to start growing.

Now that things have chilled out again, we're back to normal..

That's my take on it.
legendary
Activity: 3472
Merit: 10611
It seems like i have indeed jinxed it. the good times only lasted about 2 days and spam attack has started again!


and we are back to 10K to 20K with a steady rate of injecting transactions into the network:

i mean c'mon at least make the effort of hiding it Grin
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