Bitcoin under attack! - page 2. | Bitcointalksearch.org

LiteCoinGuy

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In Satoshi I Trust

Quote from: Metadextrous on June 10, 2015, 06:51:16 AM

Quote from: HCLivess on June 10, 2015, 06:48:47 AM

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

block size limit = 1 mb
300 kb to go

What will happen if the limit reached? And also is a big block size a problem?

then we will go to daa moon! Cool

melody82

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Activity: 378

Merit: 257

I don't really see how this is an attack. If the 1mb limit is reached then transactions will slow down. Either fees will go up, people will leave btc, or both until an equilibrium is achieved. of course there is no way to predict exactly what will happen and when, but this is my understanding of what will happen.

spazzdla

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Quote from: tvbcof on June 10, 2015, 09:09:36 AM

Yeah, 'under attack' by people who, in an expression of monumental ignorance, think that using one of the most powerful financial settlement systems ever devised makes sense as a means of buying their morning coffee. The level of ignorant self-centeredness necessary to think that some trivial and inconsequential bit of financial activity deserves to become a permanent part of the ledger that everyone supports and carries along forevermore is stunning.

Obviously logic is not going to break this cycle of delusion. Finally bumping up into the 1MB limit is necessary and way overdue.

I'm not going to be a jackass and pretend that I know Satoshi's thoughts and motivations, but I will observe that his 1 MB 'temporary hack' had the result of ensuring that we hit this moment in history at a time when the entire un-pruned and verifiable blockchain could still be packed around on a single and affordable storage device. If he/they foresaw this when making certain decisions I would not be surprised.

Sounds like you'd support higher fees more than a hard fork...

I've always said BTC should become like gold an an altcoin or side chain should become the "spending" currency.

tvbcof

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Yeah, 'under attack' by people who, in an expression of monumental ignorance, think that using one of the most powerful financial settlement systems ever devised makes sense as a means of buying their morning coffee. The level of ignorant self-centeredness necessary to think that some trivial and inconsequential bit of financial activity deserves to become a permanent part of the ledger that everyone supports and carries along forevermore is stunning.

Obviously logic is not going to break this cycle of delusion. Finally bumping up into the 1MB limit is necessary and way overdue.

I'm not going to be a jackass and pretend that I know Satoshi's thoughts and motivations, but I will observe that his 1 MB 'temporary hack' had the result of ensuring that we hit this moment in history at a time when the entire un-pruned and verifiable blockchain could still be packed around on a single and affordable storage device. If he/they foresaw this when making certain decisions I would not be surprised.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Bitcoin's block size limit is in fact a big problem for it to become popularized. Only some people knowing bitcoin in the Internet already cause the block size to be 70% full. It's hard to imagine how the block size will be if bitcoin could be a country/world's currency.

spazzdla

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Quote from: Amph on June 10, 2015, 07:08:38 AM

Quote from: Metadextrous on June 10, 2015, 06:51:16 AM

Quote from: HCLivess on June 10, 2015, 06:48:47 AM

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

block size limit = 1 mb
300 kb to go

What will happen if the limit reached? And also is a big block size a problem?

from a logical point of view, a queue list will be created, with those transactions, that were left out, to be introduced in the next second and so on, but this will lead to a queue position that, will get bigger everytime this happen

This is actually a pretty decent way to attack bitcoin... :S...

neoneros

sr. member

Activity: 462

Merit: 250

I can draw your avatar!

Didn't they do stresstests? Running a test chain on test miners and nodes apart from the blockchain to see what happens when 1 mb blocks start piling up? And are there any results to be found? That would be interesting to see.

JeromeL

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Quote from: HCLivess on June 10, 2015, 06:48:47 AM

Bitcoin under attack!

What makes you think it's an attack?

Amph

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Activity: 3248

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Quote from: Metadextrous on June 10, 2015, 06:51:16 AM

Quote from: HCLivess on June 10, 2015, 06:48:47 AM

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

block size limit = 1 mb
300 kb to go

What will happen if the limit reached? And also is a big block size a problem?

from a logical point of view, a queue list will be created, with those transactions, that were left out, to be introduced in the next second and so on, but this will lead to a queue position that, will get bigger everytime this happen

alani123

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Leading Crypto Sports Betting & Casino Platform

Nothing is under attack. Someone was probably spending great amounts of BTC in transaction fees to put some pressure in the block size debate. IMO, if that's his goal, he's achieving the opposite so far. Transaction processing is still normal and showcases that even with the current block size somewhat full blocks aren't that of a big problem while at the same time the operation to purposely fill blocks must be somewhat expensive. It brings up the fee argument that the block size debate spawned. Also, most pools mine a blocks with the default 750kb.

https://np.reddit.com/r/Bitcoin/comments/397ds9/are_blocks_full/

AtheistAKASaneBrain

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Activity: 770

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Quote from: Metadextrous on June 10, 2015, 06:51:16 AM

Quote from: HCLivess on June 10, 2015, 06:48:47 AM

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

block size limit = 1 mb
300 kb to go

What will happen if the limit reached? And also is a big block size a problem?

No one knows what can happen if we hit the limit. Some say nothing will hapen, other's say the consequences can be "catastrophic", which is why they support Gavin with the blocksize increase to buy time for a lack of a better solution.

Metadextrous

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