Topic: Bitcoin confirmations times are taking over 4 EFFING HOURS!!!!!!!!!!!!!!!! - page 3. (Read 9472 times)

You're only stuck holding the bag if you provided them with something of value in exchange for that unconfirmed transaction. (Which would be a mistake on your part in this situation).

If you made sure that the transaction was confirmed before you gave anything of value, then person that sent you the transaction is "left holding the bag", since they are the one that used an unconfirmed output in their transaction.

If bitcoin ain't for me asshole, it ain't for you or 99.99999% of the population. I'm a computer scientist. What has happened here, shit for brains, is the someone has sent me money that was previously unconfirmed and may never be confirmed. And I'm stuck holding the bag.

These situations come up from time to time.  I'm sure they have turned off more than one person from using Bitcoin. If we want Bitcoin to succeed it will have to be easy to use by non-technical people, so calling people names, etc., is not going to be a productive course of action.  Rather, we should try to understand what happened and take steps to make these kinds of problems rare and non-mysterious.

Here's my understanding of what happened:

1. Person 1 sent a  first transaction with zero fee that has yet to confirm.
2. Person 2 sent a second transaction that had as input the first transaction.
3. Person 3 (the OP) received the second transaction and is worried that this transaction is not confirming.

Here's my diagnosis:There were three mistakes involved.  Person 1 should not have made a transaction with zero fee. Person 2 should not have sent a second transaction with unconfirmed inputs. Person 3 should not have gotten upset at Bitcoin.

There may be legitimate reasons for expert users to broadcast zero fee transactions, but these should not affect ordinary users.  Similarly, there may be legitimate reasons for expert users to broadcast transactions with unconfirmed inputs, but these should not affect ordinary users.  This creates a problem when expert users send these unusual transactions to ordinary users, witness the present thread. New wallet software can make it impossible for ordinary users to send non-standard transactions, but this can not be a total solution to the problem because of older software and possibly malicious users sending suspect payments.

If wallet software issued warnings at appropriate times, then these kinds of miscues would be easy to diagnose and the appropriate blame could be laid on the users running non-standard and/or buggy software. I suggest something like:

1. A warning before broadcasting a transaction that has sub-standard (or zero) fees.
2. A warning upon receiving a payment that has sub-standard or zero fees, which warning remains until such time as the payment gets confirmed.
3. A warning before broadcasting a transaction that uses unconfirmed inputs.
4. A warning upon receiving a payment that has unconfirmed inputs, which warning remains until such time as the inputs are confirmed.

With the appropriate warnings, Person 3 would have complained to Person 2, Person 2 to Person 1.  In addition Person 2 and Person 3 would be on notice not to ship physical goods, etc., based on suspect payments.

these so called instant tx coins, as far as I know, rely on trusted nodes...they are not fully decentralized.

increase tran Fee and you will have no problems.
if you use blockchain.info you can set it to use high transaction fee. to confirm your transfer faster.
No need to yell

No problem.

A quick word about honey and vinegar...

A simple, "Someone sent me a transaction and it hasn't confirmed yet, can someone please help me and explain what is happening?" would have gotten you much more useful help much faster than "I've moved money and it's taken over 4 FUCKNG HOURS . . . WHAT IN THE FUCK IS WRONG WITH THE GODDAMN NETWORK . . . A fucking 300 baud modem could move data faster . . . unacccepptable epic bullshit on every level"

Also, can you please show me where you stated that this is a transaction that you are RECEIVING?  I've reviewed your posts in this thread, and I stand by my initial post claiming that this was a transaction you are sending.  Your very first post states "I've moved money", and I don't see a later post where you clarify that it isn't actually you moving the money.  Perhaps I've overlooked in amongst all the noise in the thread?

Yeah this is the culprit -> 1KfncRtWe8ycboDe1BAw4UyFBrgpZRHwpN


What happens if the 0 fee transaction in it gets dropped? Or it can't get dropped?

I contacted them about the transaction and said it hasn't confirmed after 12 hours. I'll keep this thead updated on the progress. thanks

Click through the link in my post. That is an earlier transaction in the chain leading to yours. It has no fee.

Every earlier transaction feeding into yours must confirm before yours can.

You are trading a derivative/IOU not real BTC.  

I hope this is all it is. Sifting thru the morass of bullshit misinformation in this thread is hard to do. But Ive never had to wait 12 hours for a feeless transaction. And also in the transaction I see a fee of 0.0001 BTC so you are incorrect there.

Sorry, there's been a lot of shit to read though in this thread, so I missed the part where this was a transaction you are receiving and not one you are sending.

The person that sent the transaction to you either screwed up, or is intentionally attempting to send you a transaction that will never confirm.  It isn't possible to tell which it is from the information you've provided so far.

Specifically:

They spent unconfirmed funds in the transaction that they sent you.

This could happen accidentally if they are using a poorly written wallet.

It can also happen intentionally if they were hoping that you'd send them something of value before the transaction confirms. They would then have an opportunity to try to re-use the same inputs in a different transaction so that the transaction that they sent to you vanishes and ceases to exist if their competing transaction gets confirmed.

Contact whomever sent you the transaction.  Let them know that the  2.142 BTC that they received at address 1KfncRtWe8ycboDe1BAw4UyFBrgpZRHwpN were unconfirmed when they used those bitcoins in the transaction to you.  They should contact whomever sent them those 2.142 BTC and complain that the transaction didn't include a transaction fee and hasn't confirmed.

Let them know that their transaction to you WILL NOT confirm until AFTER the transaction where they received 2.142 BTC confirms.

The transaction was sent to me by a third party. I had ZERO to do with it. I'm just sitting here waiting for it to be confirmed in my wallet. There is nothing more complicated than that. I appreciate all your input but I'm not sure if you are chasing a red herring here or what. All I know is that this sort of thing as NEVER happened before.

I'M NOT TRYING TO SPEND ANYTHING. i'M TRYING TO GET THE TRANSACTION SENT TO ME CONFIRMED.

Lots of people here just can't read for shit.

The only way you could create this transaction with Bitcoin-Qt 10.1 is if you chose to change the default settings.

The default settings won't allow the wallet to create a transaction that spends unconfirmed outputs.  If you changed that setting without understanding the risks associated, then you can only blame yourself.

I just got a "conflicted" error on this transaction on bitcoint-qt, so I think it's more than that. I downloaded the new bitcoin-qt 10.1 and did a -rescan on a backup wallet. Will continue to wait a little longer to see what in the fuck is wrong with this situation and hope it gets resolved.

Yes, something is seriously fucked up, and it is your fault.

If you wrote the program that sent the transaction, then you have a bug in your program.

If you used a wallet program to send the transaction, then you chose a poorly written wallet that has a bug in it.

Specifically:

At 2015-04-27 04:42:44 UTC you received a transaction for 2.142 BTC at address 1KfncRtWe8ycboDe1BAw4UyFBrgpZRHwpN with transaction ID b5f1a50f10ef314e4e8c6b92e15f1972c1757f78665ab3f3fe7d705b67370257

Whomever sent you that transaction failed to pay a transaction fee at all.  Therefore, their transaction has not yet confirmed.  That part isn't your fault, but you should contact the person that sent you that transaction and tell them that they screwed up.

Next comes the part that is your fault.

The transaction that you are complaining about spent that unconfirmed 2.142 BTC.  You should not be spending unconfirmed bitcoins.  There is a very real chance that the 2.142 BTC that you received will never confirm, especially if someone is attempting to create a competing transaction that uses the same inputs.

All you can do now is wait and hope that the 2.142 BTC confirms.

It was already explained to you. Someone a few transactions back feeding into yours (maybe it was you, maybe not) sent with no fee. If it wasn't you, you should complain to whoever sent you the coins you are trying to spend.

https://blockchain.info/tx/b5f1a50f10ef314e4e8c6b92e15f1972c1757f78665ab3f3fe7d705b67370257

Well let's see, we are now at 12 hours and 0 confirmations. I'd saying soemthing is SERIOUSLY fucked up despite all the moron bitcoin appologists in this thread. This has NEVER happened to me before.

https://blockchain.info/tx/ed451475658e223faa12782abdd73eed08e0ed7f1a34799076cefa0104662aa3

This, and doubly so if are in person and watching the other party send the transaction.