Full blocks are .. | Bitcointalksearch.org

pooya87

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Quote from: afbitcoins on March 08, 2016, 04:56:22 PM

Hear me out. Could it be that full blocks are actually bullish, does this not show how much bitcoin is being used ? That bitcoin is still 'the' coin. Most altcoin blocks are less than 1% full I think
Or have I got this bat shit crazy idea wrong?

Meanwhile halving still getting ever closer

bitcoin is still "the coin" and none of the altcoins has yet even came close to it. but blocks being full is not showing this. most of the transactions that are filling blocks and from time to time flood the meme pool to 10K-30K transactions are just spam attacks on the network to force the block size increase issue.

techgeek

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Quote from: RyNinDaCleM on March 08, 2016, 09:40:15 PM

How many transactions are just dust being moved around, ie. small scale spam attacks to slow tx's and cripple the network?

I was going to mention this as well.

I mean why bother to track down then you know? Cause most of us use more then 1 address for whatever reasons, so its a bit much to be bothered with.

I wouldnt be surprised if most of the coins are just being moved.

keystroke

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advocate of a cryptographic attack on the globe

And what % of these transactions are long chains going back to the sender?

Blocks are only 75% full on 7 day average : https://blockchain.info/charts/avg-block-size?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=

RyNinDaCleM

legendary

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Legen -wait for it- dary

How many transactions are just dust being moved around, ie. small scale spam attacks to slow tx's and cripple the network?

croato

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1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

Could be, but with max few transactions at second, Bitcoin cant grow much more than this we have now. Best we can expect as it is now is maybe bubble like we had 2013 but if we want sustainable four or more digits price, bitcoin must scale more than proposed 2mb. No serious big company will accept Bitcoin as method of payment if we can make few tx at sec.

richardsNY

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If I look at the transaction graphs of around a year, then it shows indeed a significant increase of around 100% on average. That's quite a bullish indicator. It means there still is a purpose for Bitcoin as currency and that the demand is even increasing.

coinzat

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Young but I'm not that bold

full blocks means a lot of continues transactions in short time which can be a bullish or a bearish as you do not know where are these txs going in the exchanges. it also may represent a spam attack from some people who want to harm the network. as there is no way to know if this tx is real or a spam one

mrhelpful

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Quote from: afbitcoins on March 08, 2016, 04:56:22 PM

Hear me out. Could it be that full blocks are actually bullish, does this not show how much bitcoin is being used ? That bitcoin is still 'the' coin. Most altcoin blocks are less than 1% full I think
Or have I got this bat shit crazy idea wrong?

Meanwhile halving still getting ever closer

The only graph I can measure bitcoin is how many being circulated.

But to reassure yourself of bitcoin being "the" coin would be the value that it still holds based on the price after "xyz" years comparison. Also we dont see like "xyz" company investing in altcoin.

spazzdla

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could mean, some people are willing to spend a lot of fiat to bend the decision of bitcoiners to their will.

afbitcoins

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Hear me out. Could it be that full blocks are actually bullish, does this not show how much bitcoin is being used ? That bitcoin is still 'the' coin. Most altcoin blocks are less than 1% full I think
Or have I got this bat shit crazy idea wrong?

Meanwhile halving still getting ever closer

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