"Block's should not be too full to stop people using bitcoin with good user experience"
Week's left? Day's?
I hope the code is ready .
I'm ready.
Topic: Core have been derelict in their duties. - page 2. (Read 5159 times)
"Block's should not be too full to stop people using bitcoin with good user experience"
Week's left? Day's?
I hope the code is ready .
I'm ready.
fuck core and fuck their roadmap. they should have increased the block size a year ago.
Lol, let's not go there jonald. You know how ineffective you are, we all do. You're a brave shill returning to this forum. Leave, before we all make you feel like leaving. You know the drill.
i'll leave when i want to and not a second earlier, faggot.
yep, just like I said, we can influence those poor little feelings of yours, and did so rather effectively in the past
Because you're just another low-rent shill with zero talent for the job. And you know it. That's why you left after you failed to subvert Bitcoin the last time.
fuck core and fuck their roadmap. they should have increased the block size a year ago.
Lol, let's not go there jonald. You know how ineffective you are, we all do. You're a brave shill returning to this forum. Leave, before we all make you feel like leaving. You know the drill.
i'll leave when i want to and not a second earlier, faggot.
Your welcome.
Does Carltons Closed minded, blind faith remind you of the neucoin days?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
fuck core and fuck their roadmap. they should have increased the block size a year ago.
Lol, let's not go there jonald. You know how ineffective you are, we all do. You're a brave shill returning to this forum. Leave, before we all make you feel like leaving. You know the drill.
i'll leave when i want to and not a second earlier, faggot.
fuck core and fuck their roadmap. they should have increased the block size a year ago.
Lol, let's not go there jonald. You know how ineffective you are, we all do. You're a brave shill returning to this forum. Leave, before we all make you feel like leaving. You know the drill.
Over 40mb mempool,
https://blockchain.info/unconfirmed-transactions
"I don't think many realise how quickly this will now escalate."
Get out of this one Greg.
Sudden block size patch?
Fiddle with the difficulty?
Fork to Classic?
Looks rather like the soft minded small forkers do not dare any further actions and feel responsible for some price rebouncings driven by Chinese gamblers who will soon take all over , the coding as well ...
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Core is guilty of having 0 communications with the community.
they are simply unwilling to hear our concerns
they are simply unwilling to hear our concerns
I think communication was lacking some time ago, but they have made major improvements there. Join the new announcements mailing list: https://bitcoincore.org/en/2016/03/15/announcement-list/ Talk to devs on IRC, Slack or the dev mailing list, or through bitcoincore.org. Several devs are active on Twitter and Reddit and receptive to discussion of the issues.
Regarding your concerns, they released a roadmap regarding capacity increases 3 months ago: https://bitcoincore.org/en/2015/12/21/capacity-increase/ And they are making strides with it.
fuck core and fuck their roadmap. they should have increased the block size a year ago.
Over 40mb mempool,
https://blockchain.info/unconfirmed-transactions
"I don't think many realise how quickly this will now escalate."
Get out of this one Greg.
Sudden block size patch?
Fiddle with the difficulty?
Fork to Classic?
OP "There will simply be no opportunity for miners to clear the mempool when blocks are full if people don't stop using bitcoin.
If panic tx'ing ever set in, gridlock could easily turn to total overwhelm of network. (it will quickly turn into that anyway)
When the above starts happening, in a week or two, It will very quickly become chaos."
Ok, I was weeks out, but here comes that Chaos.
I don't think many realise how quickly this will now escalate.
I still wonder, do Core have a Bail out plan? (just in case i'm right)
Best case, segwit will not have any effect on block space for at least (many?) months. (please enlighten me Greg)
No Core block increase for at least a year. (ditto)
We are about to experience Cores dynamic fee market.
I reckon not many people are going to like this.
Core will lose trust.
The chaos wont destroy Bitcoin. (it will only be temporary)
I may destroy Core.
Out of the chaos will come sudden consensus.
If panic tx'ing ever set in, gridlock could easily turn to total overwhelm of network. (it will quickly turn into that anyway)
When the above starts happening, in a week or two, It will very quickly become chaos."
Ok, I was weeks out, but here comes that Chaos.
I don't think many realise how quickly this will now escalate.
I still wonder, do Core have a Bail out plan? (just in case i'm right)
Best case, segwit will not have any effect on block space for at least (many?) months. (please enlighten me Greg)
No Core block increase for at least a year. (ditto)
We are about to experience Cores dynamic fee market.
I reckon not many people are going to like this.
Core will lose trust.
The chaos wont destroy Bitcoin. (it will only be temporary)
I may destroy Core.
Out of the chaos will come sudden consensus.
Core is doing a fantastic job by not giving up to the cries of armchair coders about how the system will collapse if we don't raise the blocksize when they say so. Meanwhile they have come up with great stuff like SegWit and more.
Core have been derelict in their duties by showing little foresight around the looming full block situation.
Perhaps the understatement of the century!
~~
~~
At altcoin developer with that amount of foresight would be belly up in a matter of days.
You need to be upper class now (not classic) to be part in such a block (=club) , sorry....
Core have been derelict in their duties by showing little foresight around the looming full block situation.
Perhaps the understatement of the century!
~~
~~
At altcoin developer with that amount of foresight would be belly up in a matter of days.
I was clearly wrong on my 2-4 weeks.
we are right on the edge now, I think.
As bitcoin stagnates in the name of Core purity, others rise.
Untested segwit promised to be rushed in soon maybe.
Blocks 'full' --> Txs Fees high --> Mass Adoption down --> Discussion high --> BTC Market Price down --> .... ? (will lost users come back?)
How high do 'TX fees' have to be in order for 'mass adoption' to go down? Everyone keeps saying this, yet nobody gives exact numbers. Should we panic if the average fee is 15 cents? 
You're asking the right (complex) question. There exists some good quant / financial engineers out there just doing correlation matrices all the day (e.g. for FX pairs or other assets ) - and first start point is the market price paired against fiat AND other alts...
Would be nice to see that done by some institution- good for a master thesis.
--snip--
Looking ahead
==========
When the above starts happening, in a week or two, It will very quickly become chaos.
Segwit will not be ready.
Core will be forced to introduce a panic fix.
Or panic will lead to a rapid classic fork.
Or both.
--snip--
Looking ahead
==========
When the above starts happening, in a week or two, It will very quickly become chaos.
Segwit will not be ready.
Core will be forced to introduce a panic fix.
Or panic will lead to a rapid classic fork.
Or both.
--snip--
You just give the solution for bitcoin future
Blocks 'full' --> Txs Fees high --> Mass Adoption down--> Discussion high Lots of Drama/FUD--> BTC Market Price down --> .... ? (will lost users come back?) Back to 2010 or 2011
Fixed
Only that blocks weren't very full a while ago, then more recently they got fuller, now they are nearly full.
I'm guessing next stop is full.
https://blockchain.info/charts/n-transactions-per-block?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
That is a bad metric for measuring the 'fullness' of the blocks. You're looking at transaction per block which tend to vary due to the average size of each transaction. As previously said, in order to argue whether blocks are indeed almost full you will have to define what real world transactions or what spam is and make an analysis based on that. Otherwise, one could easily manipulate you into thinking what one wants.I'm guessing next stop is full.
https://blockchain.info/charts/n-transactions-per-block?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Blocks 'full' --> Txs Fees high --> Mass Adoption down --> Discussion high --> BTC Market Price down --> .... ? (will lost users come back?)
How high do 'TX fees' have to be in order for 'mass adoption' to go down? Everyone keeps saying this, yet nobody gives exact numbers. Should we panic if the average fee is 15 cents?
Blocks 'full' --> Txs Fees high --> Mass Adoption down --> Discussion high --> BTC Market Price down --> .... ? (will lost users come back?)
all that correlates...
Core is still the best team, but markets will (do already) decide in the end.
I only buy into the 21 Mio, the decentralization and mass adoption.
If only one fails - I'd go.
all that correlates...
Core is still the best team, but markets will (do already) decide in the end.
I only buy into the 21 Mio, the decentralization and mass adoption.
If only one fails - I'd go.
My bad. Do you have evidence that supports this 'trajectory'?
Only that blocks weren't very full a while ago, then more recently they got fuller, now they are nearly full.
I'm guessing next stop is full.
https://blockchain.info/charts/n-transactions-per-block?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Where did I say I want to rush anything? I said it is too late now to "plan"
That's the impression that one gets after mentioning those 'two weeks'.If Core did have a plan in place for this situation, there would be no need to rush anything (segwit maybe, hf to classic maybe) and no need to worry about gridlock.
You can't really know if they have a plan or not, unless they explicitly state so.Fine, doesn't address my question.
The fees aren't really 'built up'.As you say, spam is hard to define.
Standard fee payers have never had much to fear from spam.
Real transactions are hard to define as well.Standard fee payers have never had much to fear from spam.
I agree,
But as I said, "On Bitcoin's present trajectory blocks will be.."
My bad. Do you have evidence that supports this 'trajectory'? But as I said, "On Bitcoin's present trajectory blocks will be.."
It's been 2 weeks, will you allow me a couple more?
Yes. If you would rather rush a solution than properly test it for invalid reasons (greed?), then you've come to the wrong place. Changes like these have to go through extensive testing.Where did I say I want to rush anything? I said it is too late now to "plan"
If Core did have a plan in place for this situation, there would be no need to rush anything (segwit maybe, hf to classic maybe) and no need to worry about gridlock.
And why plan to build up fees now, only to collapse fees with the "extra" capacity of segwit in a few months.
The added capacity of Segwit is a bonus, the main idea behind it is solving transaction malleability.Fine, doesn't address my question.
Blocks are nearly full now, but not really full. Big difference.
A lot of those transactions are spam, you will get a different percentage depending on who you ask and what criteria they've used.As you say, spam is hard to define.
Standard fee payers have never had much to fear from spam.
On Bitcoin's present trajectory blocks will be really full before segwit. (as that's months away, if ever)
Or bitcoin adoption is kind of failing/slowing/deterred anyway?
Bitcoin is not experiencing any issues at the time, nor should the users be. If you are experiencing issues with transactions (e.g. delays) then it is usually your own fault.Or bitcoin adoption is kind of failing/slowing/deterred anyway?
I agree,
But as I said, "On Bitcoin's present trajectory blocks will be.."
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