Topic: bitcoin transactions - Slow OR Fast - page 19. (Read 40393 times)

If you  are thinking of using in stores to transact physically it would not be viable as confirmation is not that fast, but there's a solution for that as we can fund debit cards from our bitcoin and it's pretty simple.

almost every small stores in developed countries are accepting things like credit card or debit card. they just simply provide an EDC machine and they're now could accept any kind of cards freely. and i think if they don't provide this thing on their shop they will lose potential buyers

And I guess in Cities, many people can adopt the bitcoin industry on how  is the trading using bitcoin,  because most of the people of the Cities got
easily what is trend and what is up to date things inside the net and for sure 'bitcoin is one of those thing. Personally I used bitcoin in some of my transactions made.

This is true, that it will takes too long time until that the normal store will use the bitcoin as the method of payment like the adaptation of credit card to the normal stores and most of small stores do not accept that credit card until now.

yes that is a fact that this problem must be solve on priority basis, as the transaction is always fast but the conformation time always take much more time, and we have to wait tell the conformation complete.

For me bitcoin transaction is a bit quite fast than before. There  is a problem right now about bitcoin transactions and this will take a couple of weeks before it is solved. This trouble happened before.

There is an ongoing Ddos attack, this is not real adoption raising. In any case, we are not getting anywhere without segwit + lightning network, so you can thank whoever is blocking bitcoin's progress. It's funny that they think core team is blocking progress when they are the ones doing it, fucking morons. I can't stand how wrong they are.

Fast transaction on my part, I never got delayed asa other say and even trouble I never been in trouble on this one. To compare bitcoin to some other medium in terms of paying method I guess using bitcoin will be on top.

This is something bitcoin core must take care, this year is the second time the transactions taking too many time to get confirmed into the network, some people are saying its China influence over the miners, making the transactions be as pending. This must change on the next years to avoid this problem, since a delay like this that were hours expecting can damage bitcoin business.

I guess not all the grocery store would be crazy because they are not all using bitcoin rather put some specification on that, some will get on trouble if so, but I guess bitcoin is in good condition right now

I think it will be a long time until they are accepted in normal stores

Cities will probably adapt first though

BTC Transactions Congestion Problems  

Simulation Example
each block has 1 MB of transactions with a theoretical Limit of 4200 transactions per block with a 10 minute BlockSpeed , [] is a block
One Hour of Blocks
[1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes [1] 10 minutes
6 Blocks * 4200 Transactions =  25200 Maximum Theoretical Transactions per Hour

BTC Transactions Congestion Solutions  

Simulation Example Updated with Larger BlockSize and Shorter BlockSpeed
each block has 2 MB of transactions with a theoretical Limit of 8400 transactions per block with a 2½ minute BlockSpeed , [] is a block
One Hour of Blocks
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes
[2] 2½ minutes [2] 2½ minutes [2] 2½ minutes [2] 2½ minutes

24 Blocks * 8400 Transactions = 201600 Maximum Theoretical Transactions per Hour

Compare Updated Simulation with Original
201600 / 25200  = 8
Updated Version can handle 8X the Transaction Capacity.  

Now the educated asshats that live in these forums will tell you it can't work or it is a security risk, (They are Lying!)
Real World Examples.
PoW coin LTC has a 2½ minute block time with no problems whatsoever from it.
In Fact Chinese Mining Pools are over 51% of the BTC Hash rate , and are also over 51% of the LTC Hashrate.
In Fact some alts run at a 30 second blockspeed.
Oh, they also will complain, it will affect the Block Reward and Halving Dates,
(All of that are Variables that can be modified to compensate for the changes)

If they lower the Blockspeed,
then they will have to increase the Final Supply Number of Bitcoins or allow it to get to the Final Supply Number 4X faster than it would have.

If they only increase the BlockSize ,
then the Block rewards and halving dates are not affected, and will not need modification.
But Transactions grow will be directly proportional to the increase in BlockSize.
IE: 2 MB Block only Double the Transaction Capacity
     8 MB Blocks would increase by 8X also  

 

Or maybe they were afraid it would happen, who knows, the only thing I know for certain is they censored the primary topics created for it, thus making sure it gained no massive movement.

Pictures  
Pictures can be faked Genius.

Aside from my word, unless I give you all of my exchange info & passwords would be the only way for you to really know for certain.
And I don't give personal info to strangers so put your candy away, Mr. Stranger.  
So take my word or take nothing , because your opinion really does not matter to me.

I did need to buy some altcoins, but I purchased ETH with US$ and converted it to LTC instead.
(You act like there are no other options.)

Also you don't know jack about me, if you did you would know, I don't hold Bitcrap as an investment.
I trade Alts because they have a higher reward potential than BTC,
Alts can increase or decrease 2X to 5X easy,  that ship sailed for BTC years ago.
Fact: BTC highest Price of ~$1275 was on Nov 13, 2013,  and now it is still under $800 , it has been in the hole for over 3 years, only the miners are making a good profit on it.

 

Looks wizzard for me someone ask to boycott bitcoin, because its finding some issues with the confirmations, this is the second time that happens, instead attack bitcoin we need some solution to clean all transactions and hold the ammount of transactions that should grow over the next years with the community of bitcoin.

Or maybe they just don't want to see a spammy thread? There has been some times when the bitcoin transaction is slow, and you're going to sell all of your coins just because of that? Please upload some pictures proving that you're actually boycotting bitcoins. I bet you can't. It's so immature to think that you should leave the bitcoin community just because it took you longer than expected to send or receive your coins.

For what it's worth, no one would support that idea. At least not for now.

I think it's been quite a lot of problems on bitcoin transaction, even though it is still fast, but very much hampered by the length of the activity that occurs confirmation. yeah, but I think it is a normal thing, because bitcoin users also are more and more, so no wonder it will slow down the transaction, because there will probably be hundreds or even thousands of transactions per second

Censored because they were afraid of it.
If it was your business, I understand it did not have to be everyone , but a good # would have sent a message
Boycott of BTC is still on for 24 hours for all that can.


 

I can't do that brother, I have transactions daily with bitcoin and it's business for me. If I do that I will not earn for one day, so sorry not to participate. Anyway, what happen to the link, seems not working anymore.

I think this proposal is good for the community. If bitcoin transactions are becoming slow because there's a traffic of ignored transactions out there, then others should give way even just for some couple of hours so that the older transactions would be processed and be completed and the ongoing transactions could move on. By this i think there could be an improvement on the pacing of bitcoin transactions.

Everyone BoyCott BTC for 24 hours because of the Ignored Transaction Problems
https://bitcointalksearch.org/topic/--1690300