I don't get it?! - page 2. | Bitcointalksearch.org

Xester

hero member

Activity: 994

Merit: 544

Quote from: Croin on May 06, 2017, 08:02:54 AM

Hey guys,

could someone suggest me a good source to understand the upcoming problem with Bitcoin and everything related to it?
As I don't really understand what is coming?
Or simply sum it up in 2-3 sentences. Especially what about LTC and Segwit and so on, tried to :/ understand but didn't get it.

Thanks!

Greetings

To simply put it they are trying to integrate LTC and Segwit to make the Litecoin much better and efficient. I dont know how much of it was true but we can expect a price hike coming from LTC due to this development. There are no big issues on this kind of currency and you can read many news about LTC and segwit online to grasp it more.

Conasse

jr. member

Activity: 336

Merit: 5

Culotte Jaune Officielle

check out this great explanations
https://docs.google.com/document/d/1-Na3FP3Xo-D6tuDqJ1Lz-_A-cm8B-5AJi6vnGD4feJs/edit
https://www.youtube.com/watch?v=DzBAG2Jp4bg

serje

legendary

Activity: 1232

Merit: 1002

In one sentence people are greedy!

That means they find it hilarious to pay a fee higher than 0.3$ for any amount they transfer!

They want to move millions with 20 -30 cents, they can't believe they missed the old days when you could do this and this is their problem.

I also think miners are people who need money, so paying a higher fee for me is not a problem.

at the moment there are around 62.000 unconfirmed transactions in memopool with a size of approximately 69.000.000 Bytes

and people get frustrated that they have to pay 80 cents instead of 20 or 30

also the problem is that in a block there can only be transactions up to 1MB and if a lot of people will use BTC the size of the transactions will also increase

also there was someone that explained how faucets work, they send you 0.0001 BTC and for you to spend that BTC you have to pay a fee of 0.0006BTC or even higher if you request payouts for small amounts.

and there are a lot of people how request payout for 1$ because in some parts of the world 1$ will get you food for one day!

so yeah ... going mainstream has it disadvantages also.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Croin on May 06, 2017, 08:02:54 AM

Hey guys,

could someone suggest me a good source to understand the upcoming problem with Bitcoin and everything related to it?
As I don't really understand what is coming?
Or simply sum it up in 2-3 sentences. Especially what about LTC and Segwit and so on, tried to :/ understand but didn't get it.

Thanks!

Greetings

Everything you need to know is one the internet.

Just hit your concern term to Google search box and you can start from there e.g "What is SegWit" ; "Litecoin SegWit" ; "Bitcoin Unconfirmed Transaction" etc. Understanding those things will depend on your ability to understand. Hope you got it.

Croin

sr. member

Activity: 518

Merit: 250

Hey guys,

could someone suggest me a good source to understand the upcoming problem with Bitcoin and everything related to it?
As I don't really understand what is coming?
Or simply sum it up in 2-3 sentences. Especially what about LTC and Segwit and so on, tried to :/ understand but didn't get it.

Thanks!

Greetings

Topic: I don't get it?! - page 2. (Read 1005 times)