Bitcoin is DEAD - page 19. | Bitcointalksearch.org

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: batang_bitcoin on December 21, 2017, 05:46:35 PM

Pushing people to support byteball? Bitcoin isn't dead and will never be dead, confirmations are taking so long because people are still buying it and there's a big demand on it so there's no doubt that bitcoin is still kicking and alive. The fact about bitcoin as a way to transfer payments and we are all inconveniently accepting these high fees and it's everyone's problem that we've been dealing with it. But wait for it, lightning network will settle everything and bitcoin will be great again.

"Never"... that word should NEVER be used.
Byteball is a RADICALLY different algorithm that solves the problem of scalability at the base.
Sure, it needs extensive testing, but it deserves to be tested.
Bitcoin on the other hand has reached AGAIN a complete congestion time, and its network is probably under spam attack.
This exposes an intolerable weakness.
And if you know how the LN works, you understand that it won't be the final solution either.
In case you don't know how the LN works, here's an interesting article: https://medium.com/@homakov/why-lightning-and-raiden-networks-will-not-work-d1880e4bc294
And no I am not "pushing" for Byteball, I have invested on around 30 altcoins, and IOTA uses a similar Network Algorithm.
I am not here to make advertising, just saying mine after showing that there's something wrong going on in Bitcoin, and believe me, I'm really sorry for this, but it seems it took too long to Bitcoin to change and update its protocol, and it's making the end of Netscape: didn't keep up with competition and evolution of the technology.
Oh, and the price is tanking and my 4 BTC are stuck in shit and I can't exchange them.

pushkarmore

full member

Activity: 241

Merit: 100

Of course, the increasing capacity cannot meet up with the demand but that does not mean bitcoin is dead. For making the bitcoin dead each and every participant, developers, promoters and It's total community support has to die and then bitcoin will be dead for sure. I can understand that is some lack of development present over there, but I hope for the best and I expect that there will be some improvement soon seen here.

BossMacko

hero member

Activity: 1134

Merit: 502

Having high fee and not getting any confirmation within 2 hours are not a reason for me to call Bitcoin dead. Few months ago i had a transaction that took 72hours before it reflects to my account, i panic of course but from that time i learned that as long as your transaction is already in the blockchain just waiting for confirmation that is good already and i just have to wait til it reflects to my account.

Sukut

full member

Activity: 392

Merit: 101

They gotta find a solution or 2018 will be the year that we watch the rise of the faster coins with lower fees.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Pushing people to support byteball? Bitcoin isn't dead and will never be dead, confirmations are taking so long because people are still buying it and there's a big demand on it so there's no doubt that bitcoin is still kicking and alive. The fact about bitcoin as a way to transfer payments and we are all inconveniently accepting these high fees and it's everyone's problem that we've been dealing with it. But wait for it, lightning network will settle everything and bitcoin will be great again.

fenican

hero member

Activity: 1395

Merit: 505

Average transaction fee right now is $40. That makes it untenable for any purchases below about $2,000. Imagine how bad this is going to get at BTC $100k and BTC $1M. You'll be looking at $4000 in fees just to do a transaction!

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: BitCoinKeeper on December 21, 2017, 05:27:41 PM

Quote from: GODLIKE on December 21, 2017, 04:40:35 PM

Quote from: -ck on December 21, 2017, 04:36:58 PM

Bitcoin has died 217 times

From BitcoinObituaries.com | Bitcoin Declared Dead 140+ Times and Counting
https://99bitcoins.com/bitcoinobituaries/

I know this better than you, much probably.
And yet, I feel this is the right time, because all the other times anyone has written a Bitcoin obituary, it was for stupid reasons.
Here we have a network that is completely unusable = the technology is dead.
Switch to Byteball.

OP...I am so tired of of all the hate, and yes you are peddling hate. It is the holiday season and I’m quite sure there are millions of transactions just like yours out there have you ever considered the fact that the reason for the absorbantly high fee is due to people spending 0.00032 bitcoin at Walmart, and that the system is simply overloaded with hundreds of thousands of newbs, and with hundreds of thousands of newbs spending small amounts for a soda, are what has run up the cost of sending coin. Perhaps this is just a way for your vendor to slow the pace of transactions. Bitcoin is not dead, however newbs think bitcoin and their new wallets are like atm machines.

You don't know what you are talking about. People are not spending 0.00032 BTC because they should pay 0.002 BTC in fees.
And I'm not exactly a newbie, here you can see some of my articles: https://cointelegraph.com/authors/marco-e-g-maltese
Bye.

Diggity94

newbie

Activity: 24

Merit: 0

Bitcoin fees are ridiculous, but BTC is not going anywhere but up in price over next few years.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: Kingofbitcoin12345 on December 21, 2017, 05:24:51 PM

Being upset on transaction delay and higher fee is understandable but just think about it,, what is happening b hind it?.. Does this really meant to be like this or someone is manipulating this delays for an obvious purposes.. We can’t deny that miners support forking many times.. I just leave it there and I don’t want to add more details about what I think is happening now.. I will not leave bitcoin just because of this and that’s for sure..

I suspect the team behind BCH is spamming the BTC network.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: bitart on December 21, 2017, 05:15:45 PM

Quote from: GODLIKE on December 21, 2017, 04:39:18 PM

Quote from: kleinkrypto on December 21, 2017, 04:36:08 PM

i have to quote myself from another BTC is dead blabla thread:

Right now i sent 1.0 BTC from my electrum wallet to binance exchange. It took 35 minutes and costs 40$... Its not the fastest and cheapest way, but its by far not that bad you all are telling

I am not "telling", I gave you a link.
Click it and watch for yourself the evolution of that transaction, fees included.

I've checked your transaction. 611 sat/B is huge fee, but not enough, still...
According to fork.lol the average (!) tx fee is around 1000 sat/B:

That's unbelievable, I have't seen such high fee ever...
https://fork.lol/tx/fee
I usually check the fees before sending out a transaction, but now I won't send any transaction, for sure.
There's no possible need for me that can justify to start a transaction with a kind of fee, I'll sit and wait to let the dust settle...
I'm sorry for your transaction, I have already tried to accelerate your previous 3.05 BTC tx but in vain, ViaBTC is full, everybody is pushing the button to accelerate the transactions...

LOL I tried also to raise the fee of my second transaction, and the Bitcoin Core Wallet popped a window saying that the fee cannot be raised.
The network is simply blocked.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: saycryptohello on December 21, 2017, 05:08:44 PM

Use another faster coin for transactions, Litecoin, Ripple. Bitcoins, use more as an common asset. Today, there is a wide range of ways to get around expensive bitcoin commissions.

I had to take these BTC from my wallet, they were not on an exchange. You can be sure I won't ever use Bitcoin to take money from an exchange.

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

Quote from: Kez1817 on December 21, 2017, 04:56:09 PM

Bitcoin is not dead. It will become dead if nobody use it,patronized it and continue to earn on it. Just look bitcoin price still high even it drop down. And the value of bitcoin is different from other cryptocurrency,it will not end in just one click.The higher fees and low transaction now is just a cause of hollidays. Most of the people are in rush even in selling their bitcoin that really affect the bitcoin market but i think there is no reason to worry about.

Yes, with "Bitcoin is dead" I mean that if it keeps up with these fees and times and inefficiency, it will be abandoned because there's better stuff around.
Hope now it's clear.

BitCoinKeeper

member

Activity: 89

Merit: 10

Quote from: GODLIKE on December 21, 2017, 04:40:35 PM

Quote from: -ck on December 21, 2017, 04:36:58 PM

Bitcoin has died 217 times

From BitcoinObituaries.com | Bitcoin Declared Dead 140+ Times and Counting
https://99bitcoins.com/bitcoinobituaries/

I know this better than you, much probably.
And yet, I feel this is the right time, because all the other times anyone has written a Bitcoin obituary, it was for stupid reasons.
Here we have a network that is completely unusable = the technology is dead.
Switch to Byteball.

OP...I am so tired of of all the hate, and yes you are peddling hate. It is the holiday season and I’m quite sure there are millions of transactions just like yours out there have you ever considered the fact that the reason for the absorbantly high fee is due to people spending 0.00032 bitcoin at Walmart, and that the system is simply overloaded with hundreds of thousands of newbs, and with hundreds of thousands of newbs spending small amounts for a soda, are what has run up the cost of sending coin. Perhaps this is just a way for your vendor to slow the pace of transactions. Bitcoin is not dead, however newbs think bitcoin and their new wallets are like atm machines.

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

Being upset on transaction delay and higher fee is understandable but just think about it,, what is happening behind it?.. Does this really meant to be like this or someone is manipulating this delays for an obvious purposes.. We can’t deny that miners support forking many times.. I just leave it there and I don’t want to add more details about what I think is happening now.. I will not leave bitcoin just because of this and that’s for sure..

Shint

newbie

Activity: 11

Merit: 0

You're just telling this because you don't like the fees that you are paying where in fact Bitcoin is ruling since from the starts and many altcoins are trying to copy what Bitcoin did in the past. I guess Lightning Network is your best choice left but it isn't available right now.

bitart

hero member

Activity: 1442

Merit: 629

Vires in Numeris

Quote from: GODLIKE on December 21, 2017, 04:39:18 PM

Quote from: kleinkrypto on December 21, 2017, 04:36:08 PM

i have to quote myself from another BTC is dead blabla thread:

Right now i sent 1.0 BTC from my electrum wallet to binance exchange. It took 35 minutes and costs 40$... Its not the fastest and cheapest way, but its by far not that bad you all are telling

I am not "telling", I gave you a link.
Click it and watch for yourself the evolution of that transaction, fees included.

I've checked your transaction. 611 sat/B is huge fee, but not enough, still...
According to fork.lol the average (!) tx fee is around 1000 sat/B:

That's unbelievable, I have't seen such high fee ever...
https://fork.lol/tx/fee
I usually check the fees before sending out a transaction, but now I won't send any transaction, for sure.
There's no possible need for me that can justify to start a transaction with a kind of fee, I'll sit and wait to let the dust settle...
I'm sorry for your transaction, I have already tried to accelerate your previous 3.05 BTC tx but in vain, ViaBTC is full, everybody is pushing the button to accelerate the transactions...

coinnumber

jr. member

Activity: 504

Merit: 5

Bitcoin will never die it will keep increasing except it's no longer acceptable in the world.

coinnumber

jr. member

Activity: 504

Merit: 5

It is crazy for some to say Bitcoin is dead! When bitcoin is still the ruling coin and it has helped a lot of people just imagine someone having 1000 Bitcoin, is already ontop of the world because he needs nothing just to keep investing and getting increasing every now and then with this alone bitcoin will never die so long investors, miner and traders are there bitcoin will keep circulating till infinity.

saycryptohello

member

Activity: 574

Merit: 11

Use another faster coin for transactions, Litecoin, Ripple. Bitcoins, use more as an common asset. Today, there is a wide range of ways to get around expensive bitcoin commissions.

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

Bitcoin is not dead. It will become dead if nobody use it,patronized it and continue to earn on it. Just look bitcoin price still high even it drop down. And the value of bitcoin is different from other cryptocurrency,it will not end in just one click.The higher fees and low transaction now is just a cause of hollidays. Most of the people are in rush even in selling their bitcoin that really affect the bitcoin market but i think there is no reason to worry about.

Topic: Bitcoin is DEAD - page 19. (Read 2531 times)