Topic: Bitcoin will die soon if happen with every Bitcoin users? (Read 2876 times)
It is still possible for the transaction to go through but it'll take longer than usual. It seems that higher fees allow the transaction to be finished faster but there's really no reason for them to outright reject these "free" transactions. Soon these fees would be the miners sole source of Bitcoins when they've mined out everything.
Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?
Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
It seems that your transaction is fine by now. Well if you think that all the transactions are the same just like yours, you are wrong with it. Just try to put some fee on it and it will be confirmed immediately by the miners. They just need to be appreciated by means of small fees, its not even a problem with me and other bitcoin people.
Why would i not compare them?
Because any company with more than one employee will, by definition, have expenses several times greater than the average income of its employees, since their salaries are part of the company's expenses. And a successful company will, also by definition, have gross income even greater than that. If your company's income is even remotely comparable to that of any individual working for it, you have a budget problem that can't be solved by skimping a few pennies in transaction fees.You know that there are cheaper ones.
For rapid international payment processing? I don't know that.But if i switch, then i will not be able to help Bitcoin.
Sure you will. Competition is necessary to ensure market efficiency. As I told the OP, if you know of a cheaper system, you should use it. 
Confirmation may not cause bitcoin to die but it may be one of the major reason why Bitcoin won't be accepted by majority as mode of payment especially in offline stores. This is also one of the biggest challenge of developer that is why there is this unresolve argument about creating a faster confirmation bitcoin.
they can easily accept it offchain with bitpay i see no excuse there, or they might simply accept it without confirmation like they do all the tiem with visa and mastercard which require 180 ays of confirmations...
my all small amount transaction w/o the most just hour delay, i use coinbase.
And also ppl pay me as they know the amount to give miners.
this is the bitcoin rule now.
And also ppl pay me as they know the amount to give miners.
this is the bitcoin rule now.
I'm sure bitcoin users will move to cryptocurrency which has almost similar and opportunities to become the best cryptocurrency like bitcoin, era of digital currency will not disappear with the loss of one cryptocurrency
So i wanted to do something good for Bitcoin. Support the ecosystem and all. I opened my company to Bitcoin and now you can pay us or receive your payment in Bitcoin. We have about 10,000 Transactions a day and those 5 cents you do not care about amount up to $500 per day or $15,000 per month. Just like that. I do not know how much you make a month, but if you think that 5 cent can not make a difference, then think again.
I do not know why you think it makes sense to compare the overhead of a company to the income of an individual. Nor why you don't just include that overhead in the price of your services. Nor why you need to make 10,000 transactions a day in the first place. Nor why you don't just switch to a cheaper payment system, such as, um... uh... you know, one of those... cheaper ones...So i wanted to do something good for Bitcoin. Support the ecosystem and all. I opened my company to Bitcoin and now you can pay us or receive your payment in Bitcoin. We have about 10,000 Transactions a day and those 5 cents you do not care about amount up to $500 per day or $15,000 per month. Just like that. I do not know how much you make a month, but if you think that 5 cent can not make a difference, then think again.
I do not know why you think it makes sense to compare the overhead of a company to the income of an individual. Nor why you don't just include that overhead in the price of your services. Nor why you need to make 10,000 transactions a day in the first place. Nor why you don't just switch to a cheaper payment system, such as, um... uh... you know, one of those... cheaper ones... 
I say you're a cheapskate. I myself don't want to wait even one hour, and pay the maximum rate to ensure my transactions are included in the very next block, which typically costs about 5 cents extra for a grand total of 15 cents per transaction. I don't rightly know why people try to get away with paying less.
Maybe because the typical hourly wage is $0.13 in some part of the world?Bitcoin will never "bank the unbanked" if people have to pay a whole hour of sweatshop labour to make a transaction.
EDIT:
Your transaction was confirmed, 1 day, 2 hours, and 3 minutes after being broadcast:
https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?
Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
You didnt pay enough in fees, what do you expect, pay the proper fee and you will get a quick confirmation, its not rocket science. Look at the small fee as the price of Banking freedom, owning your own money.
or just go back to the main stream banking cartel, where your money is only yours because they say it is, were they ask you how did you get it, who you sending it to and why. ever tried withdrawing a large sum of cash from a bank..... nightmare, they simply wont let you and its only going to get worse.
Until today, Bitcoin died over 100 times already, It's what people say over and over...
But it is still here and rocking
But it is still here and rocking
Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just 0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed.
On the contrary, that's exactly what it means. If your transaction fee is even slightly less than the cost of including your transaction in a block, miners have absolutely no incentive to do so, and your transaction will probably never be confirmed. That it why it is so important to pay the correct feeThen users won't have incentive to transact
In fact, this is a tricky question. Ultimately, miners are more dependent on Bitcoin users than Bitcoin users on them, so they should have more incentive to include transactions than reject them. After all, it will take just one transaction to send your Bitcoin stash to an exchange, convert it to fiat and forget about bitcoins for good. On the other hand though, if miners include all transactions (with or without fees), users will be incentivized to pay no fees at all. And when the mining reward is halved down to next to nothing, miners would be starved to death (if they don't force the fees)
Bitcoin wont die on this just simple matter regarding on delay transaction which i already treated already as a normal thing on bitcoin network because we are increasing on volume which means transactions are increasing too which means it gives more traffic on the chain thats why confirmation does really took soo long and also depends on the fee you put on that transfer.The less fee the longer it would confirm.
Bitcoin will die ? Of course, no, it is not bitcoin fault, when one rich man needs to send 1-2 bitcoins without pay nothing, my transaction fee always is 0.00025 or more and confirmations is fast, so I'm ok with my fees and bitcoins. Good luck
As far as i know, A normal transaction are confirmed within 10-15 min. There are many unusual happend might be affected your transaction as a result sometimes it little bit delay.Come over those unusual happend you may ensure first your network fee.
According to this,you can't say that only on this happend people are unlike bitcoin,its not a wise talk.
According to this,you can't say that only on this happend people are unlike bitcoin,its not a wise talk.
Yesterday I sent some Bitcoin though the amount of Bitcoin fee is small
FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.Than we should not promote Bitcoin in public saying that Bitcoin transaction charge lowest fees than it is false information we are spreading between users.
we should also say them that low fees but transaction will not confirm within 3-5 days.
Even if you pay the maximum of default fees it would still be the lowest compared to other payment processors, so NO, we are not spreading false information that bitcoin charges the lowest fees on transactions because it does. 22k satoshi as a fee for above $20 transaction is nothing.
I'll guess it will get confirmed within 24 hours, currently there is little bit over 7000 unconfirmed transactions. I would use 100sat/byte fees most of the times so the transaction will get confirmed most of the times on the next block.
So you are blaming the confirmation time for Bitcoin collapse seriouly there are many more factors time is for sure not even one of them for sure
If you want it to happen fast i guess you need to pay more fees for sure
Since your amount is low than better do small transactions with web wallets like Coinbase. They have zero fees and transactions confirm in 40-60 minutes.
If you want it to happen fast i guess you need to pay more fees for sure
Since your amount is low than better do small transactions with web wallets like Coinbase. They have zero fees and transactions confirm in 40-60 minutes.
well, I think it is very old information. may be a slight problem on blockchain, but I believe the transaction will not be more than 24 hours. but, it remains a long transaction. if this happens continuously, I think people's interest in bitcoin, will be reduced gradually. I hope this is just a quick interference to fix.
Well, usually they are confirmed and even a lot faster than in a day, so it doesn't seem to be a big threat. And even if a confirmation last for some hours.. Sometimes you order some delivery (food) and your payment is not confirmed for a long time as well. But you still use it, font you? So nothing dies because of some delays. There is still nothing analogoud to btc in strength and anonymity, so it is not in danger.
Jump to: