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Topic: Bitcoin is archaic - page 3. (Read 2555 times)

legendary
Activity: 1904
Merit: 1074
February 09, 2016, 10:37:13 AM
#44
So you're saying anything with built in anonyminity FINCEN will kill. That's a leap but ok. Not sure if I buy it but it's a legit argument.

Confirmations ARE EVERYTHING. You can't accept a transaction without them. Why do they take hours to day? Bullshit. Let's get a coin out there that fixes this. We aren't living in the days of 300 baud modems.

They only take hours when the person making the purchase chooses to use a really small fee.

So if they are delayed in receiving product because they chose to use a small fee when paying, that's the buyer's fault, not the merchants.

I use larger transaction fee so that confirmation starts quickly. And it is still small.

Yes, but how many noobies knows this, and get frustrated with Bitcoin because it's so slow? The wallet providers have their own default benchmark for

relative fast confirmations and higher fees, but if this is set too low, the users will struggle. Some people determine their own miners fee, and they do

not even know about this problem. Make sure you pay a higher than default fee for prioritized transactions to avoid these hassles. 
full member
Activity: 182
Merit: 107
February 09, 2016, 10:16:14 AM
#43
So you're saying anything with built in anonyminity FINCEN will kill. That's a leap but ok. Not sure if I buy it but it's a legit argument.

Confirmations ARE EVERYTHING. You can't accept a transaction without them. Why do they take hours to day? Bullshit. Let's get a coin out there that fixes this. We aren't living in the days of 300 baud modems.

They only take hours when the person making the purchase chooses to use a really small fee.

So if they are delayed in receiving product because they chose to use a small fee when paying, that's the buyer's fault, not the merchants.

I use larger transaction fee so that confirmation starts quickly. And it is still small.
full member
Activity: 182
Merit: 107
February 09, 2016, 10:12:59 AM
#42
I know it has all the network effects but it's a dinosaur. Transactions take forever, sometimes take days or take client reindexing which takes an entire day. there is little anonyiminiy. Something like Dash has to eventually take it's place. The question is when.

Bitcoin is anonymous enough without being too anonymous.

It would be difficult for someone to track my spending habits, much more difficult than with credit card purchases - yet in a court of law the ability to track things in the blockchain and prove outgoing transactions were made by me by producing the private key is of value.

Also there are laws, at least in the United States, that make intentional obfuscation of the source of funds illegal. Bitcoing is transparent enough to not be illegal, but some of the coins with "better" anonymity may not be. Again in a legal dispute, I would rather have used a currency that is transparent enough to be legal.
full member
Activity: 238
Merit: 100
February 09, 2016, 10:05:53 AM
#41
I guess Bitcoin will find a way to work out all these flaws. If you think about it, Bitcoin is still the one standing despite all the crisis.
full member
Activity: 128
Merit: 100
February 09, 2016, 09:23:25 AM
#40
Lauda you are the most worthless staff poster here. Your ignorance astounds me. You know basically about altcoins. Do you think people just make them up instead of having sex or something? Some may do it for scamming purposes but many have legit ideas
BITCOIN IS FUBAR RIGHT NOW. Deal with reality. Stop bitching and moaning and start presenting some solutions instead of name calling. You'd do yourself and the community a favor.

I'm scared to the point that I'm gonna dump my whole stash of BTC b/c you if represent the community this experiment is GAME OVER.

We need some leadership and some innovation quick.

His post seemed to me to be quite helpful. What was wrong with it?

Jet, you will find this board FULL of shills, hacks and just pure ignoramuses that are conceded pricks to boot. Try to filter out the fools from the people who know something. That's all you can do.
full member
Activity: 128
Merit: 100
February 09, 2016, 09:20:37 AM
#39
Status: Open for 16617 more blocks
Date: 2/8/2016 06:03
To: 1FLRfyVYvYNjZfsi4yG3z5kYGTZHBTo7cV
Debit: -0.50000000 BTC
Transaction fee: -0.00020260 BTC
Net amount: -0.50020260 BTC
Transaction ID: 7e38a97859439cf41ac35fa012d1a30794ff22c1cd98fd1189ef79cc830c303c-000


and bitcoin-qt is still syncing. 24+ hours now.

But I just made all this crap up for no reason at all.

this is confirmed what is the problem exactly? the sync need good ssd like the evo or above and a good cpu to launch qt, nothing more

are you moaning that you have a crappy pc really?


My PC is state of the art AMD 8 core, 16GB ram, 500GB SSD.

NOW STFU.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
February 09, 2016, 09:15:35 AM
#38
Truth is, bitcoin isn't really good at milking the abundance of resources thrown at at. Thousands of non mining node, tons of computing power and yet the network could still work as it doses to day with 1% of the current resources. Thing is, non mining nodes aren't a good security addition and I think that they were never intended to be used in the network as they are now. And increase in the block size would make matters even worse for nodes. Why not have 10Gb blocks and hire AWS instances to nodes? Nah... Bitcoin shouldn't try to compete with how high TPS centralized payment networks can reach, it has a different structure in the first place.
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
February 09, 2016, 07:46:47 AM
#37
Lauda you are the most worthless staff poster here. Your ignorance astounds me. You know basically about altcoins. Do you think people just make them up instead of having sex or something? Some may do it for scamming purposes but many have legit ideas
BITCOIN IS FUBAR RIGHT NOW. Deal with reality. Stop bitching and moaning and start presenting some solutions instead of name calling. You'd do yourself and the community a favor.

I'm scared to the point that I'm gonna dump my whole stash of BTC b/c you if represent the community this experiment is GAME OVER.

We need some leadership and some innovation quick.

His post seemed to me to be quite helpful. What was wrong with it?
legendary
Activity: 3248
Merit: 1070
February 09, 2016, 06:45:34 AM
#36
Status: Open for 16617 more blocks
Date: 2/8/2016 06:03
To: 1FLRfyVYvYNjZfsi4yG3z5kYGTZHBTo7cV
Debit: -0.50000000 BTC
Transaction fee: -0.00020260 BTC
Net amount: -0.50020260 BTC
Transaction ID: 7e38a97859439cf41ac35fa012d1a30794ff22c1cd98fd1189ef79cc830c303c-000


and bitcoin-qt is still syncing. 24+ hours now.

But I just made all this crap up for no reason at all.

this is confirmed what is the problem exactly? the sync need good ssd like the evo or above and a good cpu to launch qt, nothing more

are you moaning that you have a crappy pc really?
full member
Activity: 128
Merit: 100
February 09, 2016, 06:16:21 AM
#35
I like electrum but I don't trust offline storage. I've heard too many horror stories of people gettting cleaned out.
sr. member
Activity: 448
Merit: 250
February 09, 2016, 06:12:55 AM
#34
I know it has all the network effects but it's a dinosaur. Transactions take forever, sometimes take days or take client reindexing which takes an entire day. there is little anonyiminiy. Something like Dash has to eventually take it's place. The question is when.

They take day if you add no fee.
We can't say the fees are expensive buddy, stop being a cheap ass and pay them. When using Electrum the default fee is 0.1% and it allows transactions to get 6 confirmations in nearly 1hour. It's not exactly a slow process, especially considering 6 conf are extremely high and most sites accept 3 or 2.

I see. So I need to REINDEX also (yeah that makes sense). And the fee I used was the default for bitcoin-qt. Maybe we can make bitcoin real cool and start requiring .01 BTC transactions fees. It's heading there now.

Never paid more than 50k satoshi fee.
The fee should be proportional to the amount you're sending, and it's really low compared to any other mean of payment.

Problem being that if you use another coin, yeah for sure it'll be faster. Until adoption reaches btc level, then it gonna be something rather similar.
full member
Activity: 128
Merit: 100
February 09, 2016, 06:10:49 AM
#33
I know it has all the network effects but it's a dinosaur. Transactions take forever, sometimes take days or take client reindexing which takes an entire day. there is little anonyiminiy. Something like Dash has to eventually take it's place. The question is when.

They take day if you add no fee.
We can't say the fees are expensive buddy, stop being a cheap ass and pay them. When using Electrum the default fee is 0.1% and it allows transactions to get 6 confirmations in nearly 1hour. It's not exactly a slow process, especially considering 6 conf are extremely high and most sites accept 3 or 2.

I see. So I need to REINDEX also (yeah that makes sense). And the fee I used was the default for bitcoin-qt. Maybe we can make bitcoin real cool and start requiring .01 BTC transactions fees. It's heading there now.
full member
Activity: 128
Merit: 100
February 09, 2016, 06:08:30 AM
#32
Basically there were 3 transactions hung for 5 hours until I decided to run reindex. Then after about 6 more hours they started confirming.
sr. member
Activity: 448
Merit: 250
February 09, 2016, 06:07:18 AM
#31
I know it has all the network effects but it's a dinosaur. Transactions take forever, sometimes take days or take client reindexing which takes an entire day. there is little anonyiminiy. Something like Dash has to eventually take it's place. The question is when.

They take day if you add no fee.
We can't say the fees are expensive buddy, stop being a cheap ass and pay them. When using Electrum the default fee is 0.1% and it allows transactions to get 6 confirmations in nearly 1hour. It's not exactly a slow process, especially considering 6 conf are extremely high and most sites accept 3 or 2.
full member
Activity: 128
Merit: 100
February 09, 2016, 06:02:22 AM
#30
Status: Open for 16617 more blocks
Date: 2/8/2016 06:03
To: 1FLRfyVYvYNjZfsi4yG3z5kYGTZHBTo7cV
Debit: -0.50000000 BTC
Transaction fee: -0.00020260 BTC
Net amount: -0.50020260 BTC
Transaction ID: 7e38a97859439cf41ac35fa012d1a30794ff22c1cd98fd1189ef79cc830c303c-000


and bitcoin-qt is still syncing. 24+ hours now.

But I just made all this crap up for no reason at all.
legendary
Activity: 3248
Merit: 1070
February 09, 2016, 05:51:51 AM
#29
Let me tell you what happened to me today. I sent off 3 transacations with some fees and NONE OF THEM CONFIRMED. FOr hours on end. I use bitcoin-qt.  Finally I'm like "WTF" is wrong. What do I do ? I have to rerun bitcoin-qt --reindex which takes 24 EFFIN hours. Finally the transactions started confirming.

what is wrong with this picture?

use 10k satoshi next time, because i'm sure you didn't, and this is right for all your transaction, because if for oen you use less then the other that are connected to that transaction will be delayed as well, no matter the fee

Seriously. You might just be the biggest jerk I've ever met online. You know nothing about anything and just spout off crap based on faulty assumptions. Wow you're such a badass.

"BITCOIN IS GOD AND EVERYTHING ELSE IS Heresay". That;s all I've gotten out of you. If only the world were that simple.

well no proof that you did, so i take this comment as "yes i didn't"

without proper fee it's obvious that you won't get fast confirmation
full member
Activity: 128
Merit: 100
February 09, 2016, 05:45:26 AM
#28
Let me tell you what happened to me today. I sent off 3 transacations with some fees and NONE OF THEM CONFIRMED. FOr hours on end. I use bitcoin-qt.  Finally I'm like "WTF" is wrong. What do I do ? I have to rerun bitcoin-qt --reindex which takes 24 EFFIN hours. Finally the transactions started confirming.

what is wrong with this picture?

use 10k satoshi next time, because i'm sure you didn't, and this is right for all your transaction, because if for oen you use less then the other that are connected to that transaction will be delayed as well, no matter the fee

Seriously. You might just be the biggest jerk I've ever met online. You know nothing about anything and just spout off crap based on faulty assumptions. Wow you're such a badass.

"BITCOIN IS GOD AND EVERYTHING ELSE IS Heresay". That;s all I've gotten out of you. If only the world were that simple.
legendary
Activity: 2674
Merit: 2965
Terminated.
February 09, 2016, 05:39:28 AM
#27
I use bitcoin-qt.
I am using 0.11.2 and I know this stuff 10 times more than you ever will.
How lovely.  Roll Eyes
legendary
Activity: 3248
Merit: 1070
February 09, 2016, 05:38:22 AM
#26
Let me tell you what happened to me today. I sent off 3 transacations with some fees and NONE OF THEM CONFIRMED. FOr hours on end. I use bitcoin-qt.  Finally I'm like "WTF" is wrong. What do I do ? I have to rerun bitcoin-qt --reindex which takes 24 EFFIN hours. Finally the transactions started confirming.

what is wrong with this picture?

use 10k satoshi next time, because i'm sure you didn't, and this is right for all your transaction, because if for oen you use less then the other that are connected to that transaction will be delayed as well, no matter the fee
full member
Activity: 128
Merit: 100
February 09, 2016, 05:36:23 AM
#25
Let me tell you what happened to me today. I sent off 3 transacations with some fees and NONE OF THEM CONFIRMED.
what is wrong with this picture?
The first thing that is wrong here is that you didn't give us any transaction IDs. It is also possible that there is something wrong with your wallet and you are blaming Bitcoin for it. I've been using QT and then Core for 3 years and I have never had any problems with it.

I use bitcoin-qt.  
When was the time that you've updated your wallet? Last QT version was released in 2013-12-09; the current wallet software is Bitcoin Core 0.11.2.

You convinving piece of trash. I am using 0.11.2 and I know this stuff 10 times more than you ever will. I'm not giving out transactions to humor your stupid ass.

The conversation is over. I have lowed my IQ talking to a total complete imbecile. That's all you are. Go back in your stupid hole you live in.
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