You get really butthurt when you find out they are using Core nodes to spam and mine their own spams using core node to blame it on core team.
What can stop them from doing the same thing they're doing right now even after the block size were dynamic? I'm sure if they can mine their own spam they will do it with 8MB blocks as well.
What then? wait another 3 years for another consensus upgrade?
Maybe miners start looking for alts with same algo so they could keep mining with their current miners.
Topic: FAQ on how to destroy a 30 billion endeavour (Read 563 times)
the core developers have valid excuses, they are getting VC money and/or are selfish pricks.
The miners not signaling a scaling solution are just short sighted idiots.
The miners not signaling a scaling solution are just short sighted idiots.
Tht`s right but i have a newbie question.
Are spam transactions increasing the transaction fee+confirmation time?
If yes,why don`t we just create a transaction minimum and reduce all the super small transactions.
This will not solve anything, they will just make bigger transactions to their own addresses at the same cost. You also do not want to restrict anyone from making micro transactions that are not linked to spam attacks. A payment network like Bitcoin were introduced to have no restrictions. The banks and other Payment networks like PayPal will force limits like this, to solve problems like this and we are not like them.
The solutions is on the table and these idiot miners are blocking progress with their greed and stubbornness. ^grrrrrrr^
the core developers have valid excuses, they are getting VC money and/or are selfish pricks.
The miners not signaling a scaling solution are just short sighted idiots.
The miners not signaling a scaling solution are just short sighted idiots.
Tht`s right but i have a newbie question.
Are spam transactions increasing the transaction fee+confirmation time?
If yes,why don`t we just create a transaction minimum and reduce all the super small transactions.
Of course, this doesn’t count the unconfirmed transactions that were cancelled after a few days or the number would be of several millions.
any "cancelled" transaction is broadcasted and finally propagates through the network one way or another. i currently have 1 transaction that is staying out there for about 2 weeks (just moving coins to cold storage with low fee and don't care).so the number you quoted is the total of all of the transactions. nothing is really cancelled unless you double spend it with higher fee.
and if anything this number is bigger because of all the double spends and all the Opt in RBF transactions which makes a transaction exist more than once in the mempool because not all nodes recognize it and they will reject it while others replace it with the new one.
Currently, even paying 0.003 btc/kb (0.0007 on a 223 bytes transaction) won’t grant you a fast confirmation (https://bitcoinfees.21.co/ shows some transactions that paid this still unconfirmed: you might have to wait several hours).
yes it does. paying 300-330 satoshi per byte ensures confirmation within next block.this is sad but true, sad because the fees have gone up a lot because of stubbornness!
And the issue isn’t only the price, it’s also the insecurity. If you don’t pay the right fee, you are stuck. Not everyone has a client with a fee calculator or knows how to use it.
i disagree with this part. being stuck is mostly users' fault specially if they are using a bad client and then because of large number of transactions and high fees and all the rest.and i say it is user's fault because this is bitcoin and the main purpose of it is to give user full control over everything, and it is mandatory that anyone who wishes to use bitcoin needs to learn some pretty simple things. and one of those many things these days is knowing what fees are and how much is needed.
Every person stuck will swear he won’t use bitcoin again. Every retailer with complaining customers will move to an alt coin.
this is sadly true!but the worst part is that altcoins are no prize themselves. things will get way worse if any one of them is used in massive scale.
These news are moving from the coin press to the general media: https://www.forbes.com/sites/laurashin/2017/05/16/for-first-time-bitcoin-accounts-for-less-than-half-of-market-cap-of-all-cryptocurrencies/
irrelevant.altcoins are getting pumped and their marketcap is a fake number. this was explained a million times.
You were expecting this rally on bitcoin price to keep going and going in the middle of this mess? Really?
the rally is mostly traders, and also people who buy bitcoin for whatever reason! long term storage or any other form of usage. and although they would love a lower fee and no headache they will continue to do so because there is a lot more benefits to using bitcoin than just low fees.The time is coming for us to pay the price for this chaos. Thank you, developers and miners.
Miners are having their fees’ party, but the music is about to stop and there won’t be enough chairs for us to sit safe.
i agree. Miners are having their fees’ party, but the music is about to stop and there won’t be enough chairs for us to sit safe.
the core developers have valid excuses, they are getting VC money and/or are selfish pricks.
The miners not signaling a scaling solution are just short sighted idiots.
The miners not signaling a scaling solution are just short sighted idiots.
If there were no Bitcoin Unlimited, we would have had SegWit a long time ago. Gavin & Ver are to be blamed for this mess. They introduced a competing alternative, just to piss people off and it was not even good code. < BugCoin >
Do not underestimate the whole hidden agenda behind these stall tactics. Why would Gavin continuously introduce something that divides the community? < XT and now BU >
Look what happened when he visited the US government agencies and then Satoshi leaving and then the whole thing with CW and also his partnership with Mike Hearn and now with Roger Ver. ^hmmmmm^
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
the core developers have valid excuses, they are getting VC money and/or are selfish pricks.
The miners not signaling a scaling solution are just short sighted idiots.
The miners not signaling a scaling solution are just short sighted idiots.
...
Wanker Miners and Wanker Developers are destroying Bitcoin. Prospective newbies are NOT going to be attracted to this toxic environment.
In the meantime, I am paying between $0.75 and $1.00 for simple trx (call it 500 - 700 Satoshis / kbyte), but everything I do re BTC is important. And in most cases over $100 per trx.
238,000 unconfirmeds now.
EDIT: I just looked a transaction, small amount ($-value), small number of bytes (a random one) 948 S/b = $6.67. More random small (bytes) trx:
536 S/b
124 S/b (!)
442 S/b
Now blockchain.info locked me out (maximum concurrent requests).
* * *
From here on out, I will send $1.00 / address as fee, but am freezing my BTC activity until further notice.
Wanker Miners and Wanker Developers are destroying Bitcoin. Prospective newbies are NOT going to be attracted to this toxic environment.
In the meantime, I am paying between $0.75 and $1.00 for simple trx (call it 500 - 700 Satoshis / kbyte), but everything I do re BTC is important. And in most cases over $100 per trx.
238,000 unconfirmeds now.
EDIT: I just looked a transaction, small amount ($-value), small number of bytes (a random one) 948 S/b = $6.67. More random small (bytes) trx:
536 S/b
124 S/b (!)
442 S/b
Now blockchain.info locked me out (maximum concurrent requests).
* * *
From here on out, I will send $1.00 / address as fee, but am freezing my BTC activity until further notice.
How to destroy a 30 billion USD endeavor?
A: Just keep being stubborn, never compromise and do nothing, besides insulting whoever thinks differently from you.
https://blockchainbdgpzk.onion/unconfirmed-transactions : 236,000 and going up at about 10% a day.
Of course, this doesn’t count the unconfirmed transactions that were cancelled after a few days or the number would be of several millions.
Yes, shore, these are just spam transactions…
Currently, even paying 0.003 btc/kb (0.0007 on a 223 bytes transaction) won’t grant you a fast confirmation (https://bitcoinfees.21.co/ shows some transactions that paid this still unconfirmed: you might have to wait several hours).
And the issue isn’t only the price, it’s also the insecurity. If you don’t pay the right fee, you are stuck. Not everyone has a client with a fee calculator or knows how to use it.
Every person stuck will swear he won’t use bitcoin again. Every retailer with complaining customers will move to an alt coin.
These news are moving from the coin press to the general media: https://www.forbes.com/sites/laurashin/2017/05/16/for-first-time-bitcoin-accounts-for-less-than-half-of-market-cap-of-all-cryptocurrencies/
You were expecting this rally on bitcoin price to keep going and going in the middle of this mess? Really?
The time is coming for us to pay the price for this chaos. Thank you, developers and miners.
Miners are having their fees’ party, but the music is about to stop and there won’t be enough chairs for us to sit safe.
PS. I'm not siding with no one on the technical issue. I'm saying it's starting to be too late to find and apply any solution in order to recover what is being lost at every day that goes by.
A: Just keep being stubborn, never compromise and do nothing, besides insulting whoever thinks differently from you.
https://blockchainbdgpzk.onion/unconfirmed-transactions : 236,000 and going up at about 10% a day.
Of course, this doesn’t count the unconfirmed transactions that were cancelled after a few days or the number would be of several millions.
Yes, shore, these are just spam transactions…
Currently, even paying 0.003 btc/kb (0.0007 on a 223 bytes transaction) won’t grant you a fast confirmation (https://bitcoinfees.21.co/ shows some transactions that paid this still unconfirmed: you might have to wait several hours).
And the issue isn’t only the price, it’s also the insecurity. If you don’t pay the right fee, you are stuck. Not everyone has a client with a fee calculator or knows how to use it.
Every person stuck will swear he won’t use bitcoin again. Every retailer with complaining customers will move to an alt coin.
These news are moving from the coin press to the general media: https://www.forbes.com/sites/laurashin/2017/05/16/for-first-time-bitcoin-accounts-for-less-than-half-of-market-cap-of-all-cryptocurrencies/
You were expecting this rally on bitcoin price to keep going and going in the middle of this mess? Really?
The time is coming for us to pay the price for this chaos. Thank you, developers and miners.
Miners are having their fees’ party, but the music is about to stop and there won’t be enough chairs for us to sit safe.
PS. I'm not siding with no one on the technical issue. I'm saying it's starting to be too late to find and apply any solution in order to recover what is being lost at every day that goes by.
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