Blockchain split of 4 July 2015 | Bitcointalksearch.org

turvarya

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Quote from: Amph on July 17, 2015, 05:44:35 AM

Quote from: achow101 on July 15, 2015, 11:28:04 AM

Quote from: Amitabh S on July 15, 2015, 11:23:45 AM

The warning about 30 confirmations has disappeared from the header.. Does that mean SPV clients are safe to use now with ~ 6 confirmations?

I don't think so. According to bitcoin.org's status page, it still says that an event is ongoing. https://bitcoin.org/en/alerts

there is no more alert on bitcoin.org too, but it seems not clear if they are safe or not(i mean spv client), you can simply try to wait less than 3 confirmations and see if it go well, try with a very small amount

as long as there is no split, you are fine. I am not sure, if the mining pools took countermeasures to avoid a split, but there wasn't one for a while now.
There are also more nodes which have updated their software, so that makes the network also more secure.
As far as I know, there wasn't even any damage done during the splits.

Amph

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Quote from: achow101 on July 15, 2015, 11:28:04 AM

Quote from: Amitabh S on July 15, 2015, 11:23:45 AM

The warning about 30 confirmations has disappeared from the header.. Does that mean SPV clients are safe to use now with ~ 6 confirmations?

I don't think so. According to bitcoin.org's status page, it still says that an event is ongoing. https://bitcoin.org/en/alerts

there is no more alert on bitcoin.org too, but it seems not clear if they are safe or not(i mean spv client), you can simply try to wait less than 3 confirmations and see if it go well, try with a very small amount

n2004al

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I think that the continuation of this thread is useless now. Or only for the story. The warning that was at the forum about the split, which warned about the 30 needed confirmations before assuming that a transaction was safe, is gone. The problem is resolved definitively.

So everything is normal and we can enjoy the life. Wink

turvarya

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Quote from: coinmaster222 on July 16, 2015, 10:22:08 PM

Bitcoin is becoming the most centralized of the decentralized digital currency out there.To me Bitcoin is becoming a joke.Paid a higher fee than needed but still took 3 hours for the first confirmation on a transaction today

Keep in mind that Bitcoin is the most used decentralized digital currency: more value, more transactions, more people who could gain from attacking it.

I could also just write my own website from scratch, nobody cares about and after a year proclaim, that I am the best programmer in the world, since nobody hacked my site.

coinmaster222

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Bitcoin is becoming the most centralized of the decentralized digital currency out there.To me Bitcoin is becoming a joke.Paid a higher fee than needed but still took 3 hours for the first confirmation on a transaction today

achow101

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Just writing some code

Quote from: Amitabh S on July 15, 2015, 11:23:45 AM

The warning about 30 confirmations has disappeared from the header.. Does that mean SPV clients are safe to use now with ~ 6 confirmations?

I don't think so. According to bitcoin.org's status page, it still says that an event is ongoing. https://bitcoin.org/en/alerts

Amitabh S

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The warning about 30 confirmations has disappeared from the header.. Does that mean SPV clients are safe to use now with ~ 6 confirmations?

SebastianJu

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Quote from: ?? on ??

In a way, it is a sign a maturity. The good old days of 0 BTC transaction fees are now behind us. Similar to having unprotected sex in the "70s, before the AIDS epidemic ... Who would think nowadays to have sex with strangers without a condom... The ability to do a single financial transaction across the world with an untrusted counter-party for $0.015 (0.00005 BTC) is still "priceless", in comparison...

I still believe that the ultimate fix will be to force a minimum fee for each output (like in Litecoin), the current minimum fee per transaction (with unlimited outputs) does not solve the problem, nor an increase of the block size (not before the users of the system show more discipline).

The leaches currently sucking up the Bitcoin bandwidth should pay for it: on-blockchain casino systems, mixing services, colored-coins, OP_RETURN solutions, spams, faucets, etc. Only once they will pay for their share (with minfee per outputs) - then it will be worth while to discuss moving to a "fiber optic" solution, and increase the Bitcoin bandwidth ... @gavinandresen

By then, the miners might listen and agree...

I already agree with you.

Multiple transactions in one transaction are still multiple transactions. You pay for every advertising letter you send via regular mail, regardless of you bring all of them to post office in a big box.

But the minfee you mention? 0.00005 Bitcoin work today? I always paid 0.0002 Bitcoin the last days. Whats needed?

I dont like the way things are enforced. You know Bitcoin was built to go away from centralization and ruling over the currency. Now someone, maybe a group of miners, is enforcing a higher fee and a higher block size. Its somewhat like banks that make the rules and the poor users have to follow. I dont like that thought.

tspacepilot

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I may write code in exchange for bitcoins.

Quote from: turvarya on July 14, 2015, 01:28:36 AM

I send a 0 fee transaction yesterday:
No problem there. It was a few minutes till the first confirmation.
I don't think, it is nice to call my transactions a plaque...

Sorry, I couldn't resist. This was posted just for a little laugh.

Stars

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Interesting. I assume this doesn't affect gambling websites? I see a lot of them still requiring only 1 confirmation on deposit.

ziomar

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CCMINER.NET

This issue is still unsolved?

Cryddit

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If you let the wallet construct that transaction, it will do exactly that (send different coins).

You would need to construct a transaction by hand to do this.

turvarya

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I send a 0 fee transaction yesterday:
No problem there. It was a few minutes till the first confirmation.
I don't think, it is nice to call my transactions a plaque ...

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Didnt the v11 version fixed the unconfirmed transaction problems?

If not then we might need to implement a "no 0 satoshi tx fee" in the new clients.

Can anyone confirm this please?

birr

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Quote from: Cryddit on July 13, 2015, 12:25:52 PM

So your transaction is probably still waiting for space in a block. If you want it to go through in a timely way, construct a new transaction to the same payee and spending the same coins, but with an extra penny or so in fees. It'll cut line ahead of your old transaction (and all the spam) and go through pretty much immediately. And then your old transaction will be invalid, so you won't pay twice.

If you made an intervening tx then your wallet won't be sending the same coins for your latest tx as it did the first time. It will send the same amount, not the same coins. Or is my understanding faulty?
For that matter, even if you make both tx's one right after the other, the typical wallet won't send out the same coin in the second tx...

Cryddit

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Normal is an odd word.

Yes, miners are processing transactions normally.

That said, as I write this there's a 112 Megabyte backlog of about 42K transactions, because someone thinks it's fun to spam the bitcoin network with tiny transactions. 112 Megabytes would take 4 and a half days to clear, even if miners made full blocks all the time, which they don't, and even if no new transactions come in, which they do - especially since whoever it is is still spamming the block chain with new transactions. Our only consolation is that they are at least real, fee-paying transactions; he or she has spent over $50K on this spam so far. Presumably it will stop when he or she runs out of money or accomplishes his or her purpose, or gives up.

So your transaction is probably still waiting for space in a block. If you want it to go through in a timely way, construct a new transaction to the same payee and spending the same coins, but with an extra penny or so in fees. It'll cut line ahead of your old transaction (and all the spam) and go through pretty much immediately. And then your old transaction will be invalid, so you won't pay twice.

JorgeStolfi

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Quote from: ShawnCart on July 13, 2015, 01:22:42 AM

Transactions are taking more time than normal for confirmation. Is this normal ?

There is a stress test goin on:
https://bitcointalksearch.org/topic/are-we-stress-testing-again-1111811

On reddit (/r/bitcoin), search for "Coinwallet" and sort by "new". They posted a report of their previous test and the plans for this one.

Amph

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Quote from: ShawnCart on July 13, 2015, 01:22:42 AM

Transactions are taking more time than normal for confirmation. Is this normal ?

apparently yes, at least for the time being, increase your fees if you want to speed it up

ShawnCart

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Transactions are taking more time than normal for confirmation. Is this normal ?

dKingston

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LAUNDER BITCOIN: https://BitLaunder.com

thankfully this fork did not affect the majority of bitcoin holders .. only a few mining pools got hurt

Topic: Blockchain split of 4 July 2015 (Read 45655 times)