Topic: How today was my last btc transaction. (Read 3515 times)

Regarding on the last transaction, i do not mind when or what i do on transaction because i am supporting bitcoin as one of it community who uses bitcoin on a daily basis. I already do different transaction because i choose to have a suitable wallet for me which is called as coin.ph in this i can pay bills,buy load or even convert and monitor the change in the value of bitcoin so i can also check the price for my tradings. And regarding on trading i also used it on accepting bitcoin. So in specific i uses bitcoin in all transaction so there is no last transaction that i will do/

I couldn't agree with you more. Just be prepared to pay more for quicker transactions, why say goodbye when your grievances can be resolved? I feel you have to give it a second thought and pay higher if possible get an online wallet  for your gambling where they charge higher to deliver quick confirmations .

It still not solves tha most imporatnt issue. To process transaction fast we need to pay 200-220 satoshi per byte.
That will be ~45.000 satoshi fee = roughly $0.5 if your transaction is perfect 1 input TX!
For 2 inputs TX you will pay ~75.000 satoshi fee, so sending money via money transfer might actually be less expensive.

Slow confirmation can be handled with paying high transaction fee, but the problem is, people want fast confirmation with low fee, that's ​why come out the forking debate, but for myself I will still used bitcoin even though it got high fee because there are some feature that i can only get by using bitcoin, that feature is anonymity, with this feature i can gamble without being notice by others

Well Bitcoin came and raised all hopes to expect decentralized, instant and very low cost of transaction, but all that seems to belong to the museum at this point and people are legitimately feeling short changed if not betrayed. A suggestion to go back to fiat based casinos is salt to injury, much more like a stab in the back of any Bitcoin enthusiast.

I gambled on the site for instant deposite it really instant I didn't have to wait for confirmation but the impact as I receive payment from the website were very long for confirmation and I had to contact the CS on the site. may I suggest to use gambling site where you must create an account and fill balance first before gambling

These problem is the one reason why other economists suggest the Bitcoin Unlimited. They want to have fast confirmations so bitcoin users will never be converting to other altcoin, but just bitcoin. This is a problem that needs a solution quickly before the tower of users crumble down.

Schnorr is only supposed to help about 25% from what I've read.


Segwit might be a small increase that would help
for 6-12 months but the fact is that it hasn't
even been accepted.

Sure, you can blame the miners for this but
you have to at least admit the simple
fact that if the core devs really wanted to, they could have
shepherded in an increase by now by simply
agreeing to a larger blocksize.

Meanwhile, adoption is going backwards -- not just
gambling as the OP says, but Dell and Fiverr are
dropping Bitcoin support because its too unrealiable
and meanwhile things are being built
on top of Ethereum, Litecoin, etc.


First of all, LN isn't here yet.
Might not be here for 2 years.

And who told you it would be 'near free'?

You still have to pay to settle back to
the main chain. 

And what makes you think the first
LN implementations won't be
"Paypal 2.0"s?  Because that is
the easiest thing to build and
the most profitable, and therefore
the most likely.


Well that would certainly be nice, but Satoshi always anticipated
that eventually full mining nodes would become large and expensive
as the network grows.

Do you realize that the LN is still going to require very large blocks
to provide worldwide scale? Some are estimating 133MB (google it if you want).

But there is some good news:  Olivier Janns seems to
have a great idea that will help decentralization and
both sides of the debate should like:

https://medium.com/@olivierjanss/the-solution-to-the-block-size-debate-42c3814ff481
 

But, accelerate the confirmation fee already more and more high.

either use wallets that will automatically calculate the fee and even pay the fee for you, like directbet playing wallet and maybe some other online wallets or exchange, or use altcoins to bet, if the site accepts them.

This is the best suggestion so far that ive read and this is only the common way to fasten up confirmation on making bitcoin transactions.I do really feel the way you feel since im also a gambler and the hassle of slow confirmation times does really affect our gameplay or plans.

Use pre-funded accounts, and then you can stop clogging the network with small gambling transactions.

For the matter of fact i don't think that bitcoin stops today.
As we coming into this bitcoin matter it has a long way to go.
It will not today or next tomorrow stopped but rather it is about to spread all over the world.

We don't. It's Segwit that offers the best possible solution to end this nonsense. But hey, you are of course free to support an altcoin if you so wish.

As DH also stated, pay a higher fee, and your problem is as good as solved. If you don't want to pay the network-situation-appropriate fee, then that's up to you, but don't complain.

I guess it should not hurt too much paying 400-500 bits per transaction for an active gambler- how much you bet each round?

On a separate note: A few days ago I sent a tx with a very very low fee of 0.25sat/byte... Actually I paid 100 bits to sweep an address with hundreds of tiny inputs (from faucet micro earnings many years back). It took less than a day for it to go through... I have no complain at all!

So you are making 1 transaction for every bet? Obviously the ten thousands of nodes cannot keep storing and processing all transactions PLUS all the casino bets in the world.

Just make a deposit to sites like https://nitrogensports.eu, make hundreds/thousands of bets and withdraw once a month. Needs only 2 transactions a month like that. No need to make 50 transactions a day lol.

thats why weed need bitcoin unlimited .
Bitcoin is slow now

Most definitely, most of the people right now are not worried about the increasing fees for faster confirmations​of the transactions but what it will become in future..?
The developers and everyone whose in the Bitcoin universe should think about it and have to find a way to save the Bitcoin.

Yes, just pay good fee so you gonna be prioritize for the confirmation of your transaction. The more you give the transaction fee the more you get prioritize that is how it works now. But still the fee is increasing day by day to make the confirmation possible in early time. Need to think on how to solve this confirmation time issue.

I really can't understand why people refuse to accept that bitcoin was designed to eventually have high transaction fees.

Bitcoin was designed with a built in system that gives miners free money for mining (block reward). The free money was scheduled to slowly drop and transaction fees would slowly take over for the block reward. Bitcoin, at no time, was ever expected or designed to be a "free" method for sending money.

Bitcoin only has one fucking job people. It removes the need for trusted third parties to supervise transactions.

That is all. By design, it's not free, it does not pay you for sitting at your computer, it does not help you buy drugs, it will not get you pussy, it is not a gangstas paradise, it will not make you a winning gambler. Use it for whatever you want but realize it ain't free.