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
well, it is not going to die but if this continues happening and fees keep on rising because of the competition, bitcoin will turn into a completely speculation tool. which people only buy to sell and get out with more fiat.
Fees aren't rising, at least not by a significant amount.
The reason why OP made this thread is because he didn't pay a normal fee. Also, for some reason, the thread title is very over-exaggerated. Sending bitcoin without the normal fee will cause transactions to be very slow. It's like in a business, would someone rather serve the client paying more, or less?
well, i am not talking about OP's transaction alone. what i am talking about is this: https://blockchain.info/charts/mempool-count?timespan=60days
according to http://bitcoinfees.21.co/ the fee for OP tx should be about 17,000 and he has included 10,000
and right now there are 10,000 transactions waiting to be confirmed. how many of these transactions do you think have less than 90 satoshis/byte?
a couple of days ago when it was 50,000 transactions, how many of those do you think included 90-100+ satoshis/byte?
how much longer are we going to compete with each other and pay miners more until we start realizing we need a solution?
