Topic: 69,000 (69K) Unconfirmed Transactions! ....WTF...??? - page 5. (Read 6088 times)

There are delays in bitcoin network, but its still valuable as gold currently.
I mean, we could rush changes but thats dangerous to value of bitcoin.

ZEIT was, is, and will remain trash. No matter how much you try to sell it.

Why would sane people, with any non negligible amount of capital, move towards coins with random 'developers', no peer review or research behind them? Anyhow, whilst what you preach may not be a bad thing, you are looking at it the wrong way. Not altcoins, but sidechains is what we require.

Not having any protocol upgrades on that level is not exactly a 'pro'. Immutability does not get harmed with consensus based upgrades of the protocol.

Again, sidechains.

I don't have any plans on giving mindless zombies more power over the Bitcoin network. The main people who would advocate against 'proof-of-knowledge' are exactly those who lack it.

Bitcoin is not a payment processor. I had to facepalm when I read this.

Keep in mind that a high fee doesn't technically guarantee anything. A miner may not even have received your TX in time to include it into his/her next block, they may mine an empty block or just not include it for whatever reason.

I did a withdrawal from an exchange for a 0.2mBTC fee. They sent a transaction with one input and two outputs from a 1 BTC UTXO with a 200sats/byte fee, or 0.45mBTC. It confirmed within 3 blocks.

I also have some transactions that are not confirmed for several days. But I have a large commission. I even tried to speed up the confirmation of transactions through special sites, but there's no use

A joke called BU

It's very terrible I currently have a pending transaction for the past 14 hours. Just crazy to say the least. What's happening to this fine payment processor?

Is a well-established consensus protocol, working for ages. Also called "religion".

It has even passed 100k sometimes, but yeah something rather than just to keep increasing the fees has to be done or wel'll see that great downfall very soon

That's how PoW works.

If you want to go ahead and invent 'proof-of-knowledge' , I'll cheer you on.   

Well, there are altcoins with hard limits, like bitcoin ; there are altcoins with extensible blocks too, without hard limits.  The first ones will face exactly the problem bitcoin is facing, but only when they "get filled up".  The second ones will be able to accommodate until they hit smoother, and more practical, technology-related issues.  Some alt coins have centralized decision infrastructures that can modify things in a centralized way, deciding one way or another.  

But the biggest difference between bitcoin on one side, and altcoins, on another side, is that there's (for the moment) only one bitcoin block chain, and there are MANY alt coins.  While the number of bitcoin chains is limited (to 1), the number of altcoin block chains is essentially unlimited.

So when bitcoin is "filled up" and reaches its limit of transactions (that's about right now), an altcoin can still "fill up".  When that altcoin is "full", yet another altcoin can start filling in.  And so on.

Bitcoin's legendary immutability will make it what it is today.  Exactly the same forceful immutability and consensus mechanism will make it impossible for bitcoin to do anything else but remain bitcoin.  I seriously doubt that the block size will change, that Segwit will get accepted, or that any other important change will ever happen to bitcoin, because of, exactly, bitcoin's legendary immutability.

Bitcoin has a huge first mover advantage, and a huge "moral high ground", which is why, 8 years later, bitcoin is still number 1.  But it is hitting its technical limits, as they were laid down long ago.   Alt coins have been living in bitcoin's shadow for most of this time, even though many of them are now technically superior, because they could implement solutions to bitcoin's shortcomings that bitcoin cannot implement (because of its immutability).  Bitcoin being "full", this will start eroding bitcoin's leadership ; alt coins will be able to fill in the room that bitcoin cannot take.

I'm not saying that a *single* altcoin will overtake bitcoin.  I'm saying that once bitcoin's unique position as first mover is being eroded sufficiently by practical problems (full blocks, high fees, long delays, no privacy, Chinese centralization...), *several* altcoins will fill in the gap, and bitcoin will be a crypto like any other alt coin in the long run, after its first mover edge has been eroded away.

Even though every single block chain will run into capacity problems, *a lot of independent block chains* are able to scale: just add more chains.

This is becoming more and more important, the frequency of it appearing more and more, and there is no one solution to handle it. It's boring to wait. We all need a new technology, something that does not have many bugs, and especially it does not happen. While bitcoin is increasing, many transactions need to be handled, this stuck always happens, the frequency is increasing. A new technology or a radical remedy, that is what we need, that's what the whole world needs.

ZEIT also hit $6.8 Million Dollar Market cap on Nov 17th, some people sold their coins for 30X what they purchased them at.
You will not see that type of performance with BTC anymore.
You Lauda don't ever need to buy any ZEIT, because I hate to see you profit with everyone else next year.  


Segwit is not activated , Flextrans is not activated,
Clearly the people that matter don't care about LN , Segwit or You for that matter.  


 

FYI:
Your BTC hubris is funny , it is like you all forgot, that BTC 1st 2 years of Life it's Market cap was ~Zero .
And it had no competition at all.
ZEIT just turned 3 years old , with thousands of coins competing against it, and our MK is over $200,000 .
By the time we are 9 years olds, ZEIT will have a higher Market Cap than BTC.
Just a matter of Time, not an if but a When.

Took me a while to actually find information about this shitcoin. Look at the amazing volume:




That's why Zander and BU fanatics are promoting Flextrans. Even Roger Ver, the main BU advocate is in support of LN. Clearly these topics are way beyond your brain capabilities.

Well then shithead quit bringing it up, if you don't want to talk about it.
The Comparison was accurate.
* ZEIT also does not have a malleability problem , since we process transactions in the order they arrive and don't let others jump ahead of others like BTC. *


Yeah right , no one wants the offchain crap LN, which is why segwit & flextrans are being ignored.

 

Of course you can. LN primarily requires a malleability fix. One such fix is called FlexTrans and is provided by the same BU-shill-supporting-camp. Ironically.

Nobody cares about your fake comparison. ZEIT always was and always will remain a shitcoin.

Luptin, you posted example of spam transaction. By your words this means that spam transactions are making confirmation low and that's why we see fatal unconfirmations, even with blockchain.infom's medium fee, my transaction took more than 1 day for confirmation.
Wasn't that thought that many transaction would make confirmation slow? Won't there be done any fork to fix that issue? It seems, with this way, transactions will be terrible in future.

Without Segwit, there is No Trustless LN, can't have one without the other, or are you still lying about it.

Regardless of your Bad spelling , you still remain a shithead.  

Since you Mention ZEIT, here is how it compares with BTC

 

No. You are confusing Segwit with LN. Although it is fairly ironic that you're making false claims.

No. I support a lot of things, one of which isn't "emergent consensus".

Regardless of the correct spelling, it remains a shitcoin.

https://news.bitcoin.com/new-unlimited-bitcoin-com-mining-pool-now-open/

Looks like someone is getting ready to help BTC Unlimited kicks Segwit virtual ass
Miners can earn 110% compared to other Mining Pools.

 

Segwit's main side effect of stealing transaction fees from the miners is why they will never activated it.

You call me a BU shrill but can't handle it when it is apparent you are a Segwit Shrill.

By the way , my cross eye feline, you misspelled ZEIT .


 

FYI:
If a Group came out supporting a faster Blockspeed, I would also support them, as that would also fix the problem.
Moving from a 10 minute blockspeed to a 2½ minute blockspeed would increase transaction capacity 4X without touching the blocksize or needing the Trojan know as segwit.