Topic: I don’t think bitcoin is now decentralized - page 3. (Read 604 times)

Your post was not individually deleted, but the entire thread was trashed.  You wont get a notice when stuff like that happens.

When you see suspicious posts like that, and  that one was clearly spam, it is best not to engage and instead report them to let the mods handle it and  we try to keep things positive here, so next time maybe take a second look before jumping in or just move on to more constructive discussions.

Also, if you continue with spreading misinformation and spamming, sooner or later you will be banned from further participation in this forum.

If I understand you clearly, you are alleging that people are being paid to effect dust transaction so as to congest the network thereby triggering a high cost of transaction charge by miners?

As much as this may not be far from reality, I find it difficut for such to exist as its still gonna cost much more to create multiple dust transactions as the fees willl still be incurred in the event.

Bitcoin  network is decentralised but we have mining pools that cover a significant percentage of the total transaction mining in the network and I don't think its easy to take that dive into such manipulations.

FCFS removed due to RBF
tier system removed when fee formulae removed years ago

a new fee formulae  can be implemented that punishes the junk spammers instead of punishing everyone. but core dont want to do that as its against their roadmap plan of offramping users to other networks

the junk spammers avoid mempool by pushing transactions through mining pool adjacent nodes through things like accelerators, bitcoin fibre and other portals.. so that when junk gets a cheap ride it makes it seem like the blocks are getting filled with cheap transactions.. but the core node method of estimating fee's for normal people that are delayed in mempools, show people paying those same fee's get delayed. thus causing congestion and fee replacement bidding wars

imagine it this way
a train station. but with two queues to get into a train carriage. a queue for white people with all their animated clothing being accelerated onto a train paying a minimum of 0.001/kb (10sat/byte)
then another queue of black people on a train mempool wait list. who may be paying the same minimum of 0.001/kb (10sat/byte). but left waiting even longer and being told to pay more or wait longer
the train looks like it lets passengers on for min fee's, but only the white people with their animated clothing

Hmm, Well that is not the perfect solution, or is it? Why don't they impose some kind of FCFS algorithm on the network, Why have some not tried to put the tier system on the transaction + FCFS on each tier with a synchronizing system between the tiers as well I know these are just some random fires but what you think about it, it can solve possibly maximum problems + ordinals shit as well.

I have no idea what solutions have been proposed till now for this meme pool congestion. (Hehe don't mind just some inner feelings).

Yeah obviously this is true that the high fee of Bitcoin will be one of the factors that will be a hurdle in the path of Bitcoin Global adoption because if we look at the current senario there are a lot of people who don't know how to avoid the high transaction fee, despite facing difficulty in transactions due to the high fee. And when new people take Bitcoin as payment, the idea of this high fee shakes them a little and makes them think that only an average transaction is also based on a high fee. I read an article in which an tweet informed me that a person paid a $15 fee for a $100 transaction. I think this is so bad and discusting for buddy that he pays so big fee on only a small transaction. If we look at it this is quite expensive for a person. 

Moreover, I think this is a big issue for Bitcoin enthusiasts and users that they pay too much high transaction fees for small transactions and @Hugblack your claim is right that the high fee will be a big problem for Bitcoin Global adoption in the future if they didn't seek any solution for him.

Yes it is my post, but it was deleted and no notification  at all .

I cost 20 mins to post ,but be deleted, so what kind of the forum , it is ?



what is that site,   a third part image?


and how did you find it?
THX！ a lot

Miners themselves cannot control Bitcoin. They are only involved in mining to mine bitcoins which you can do yourself if you want. Bitcoin transaction fees go up and down depending on the transaction. And once you send bitcoins, you can't cancel that transition. No one has this power.  Because it is totally decentralized.  So you have to check the sender address well and then send for your fund safety.  And you yourself know that when you send bitcoins with low transaction fees, it will take longer because the transactions of those who sent bitcoins with higher fees than you will be given priority. Then your transaction will be confirmed. So there is no room to blame miners or Bitcoin for this

That's true. You need low electricity price and efficient ASIC in order to mine at profit.


You don't have to run full node to use Bitcoin. And FWIW cost to run full node is far lower than running altcoin full node.


Actually it's about 16K[1] reachable nodes while number of all full nodes is higher[2]. And could you clarify by "one or two groups"?


Exchange isn't part of Bitcoin network. And there are several exchange with no or optional KYC[3].


I didn't see your post, but this forum isn't part of Bitcoin network.

[1] https://bitnodes.io/
[2] http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
[3] https://kycnot.me/

Solo miner is almost gone, why force yourself to mine Bitcoin? many miners already take look to another opportunity or mine shitcoins.

This was his post that got deleted.

@OP the reason why you not get notified because the moderator/@OP of the thread you posted got deleted, if the thread got deleted, every posts would be deleted too.

Why it's bad? if you don't like account who wear signature, just click ignore or you can disable it through "Look and Layout Preferences" > "Don't show users' signatures". You can report anyone post if you feel it's spam or low quality. You might not get any reply if there was no paid signature.

Good news is that no one will worry if the block reward becomes zero as Avg Block Fees 1.3785 BTC/block so miners are happy with the result.

Bad news: Such fees will stop global adoption, especially the reliability of Bitcoin as a payment currency, but I still find the fees acceptable if your transaction is as simple as contains one input and two outputs and you want to send thousands of dollars, but it doesn’t makes sense if you want to use Bitcoin for daily things or for small amounts.

Therefore, Bitcoin is either used for specific transactions, or resorted to solutions for daily transactions.

---

In addition, all of this discussion does not focus on decentralization, but rather scalability.

I did not find any of your deleted posts; perhaps they were moved to another section. In addition, you slightly do not understand all the specifics of the forum, but you are already issuing guilty verdicts. Try to be more lenient, and it is precisely because of your ignorance that everything here on the forum causes you to be rejected.
Take your time, read, and ask, and everyone will meet you halfway. Just ask yourself why you react this way and how people exist here.
There is a section for beginners; perhaps this will make you more comfortable.
https://bitcointalk.org/index.php?board=39.0

I mean, ordinary people like me are difficult to become miners. The disk is 500 G, the Internet must be fast, and computer costs and electricity costs are high. These are the thresholds.

Therefore, in this world, Bitcoin has only 6,000 nodes. Most of them belong to one or two groups.

Therefore, such a system is centralized. They can do something, such as ignoring some transactions, and do not confirm (the possible public reason is that the transaction fee is too low).

Moreover, there is no trustworthy exchange place for Bitcoin's decentralized transactions. We must be KYC and become legal members.  BUT KYC is not a part of decenralization.

And this forum. I just posted a post about Satoshi, which was deleted for no reason.

Therefore, Bitcoin is not fair. Like the real world, some people (only a small part of the total) control important resources.

We, you and I are just fish.

I also found that many people only tipped in this forum for promotion. That's really bad. You post the posts just because you participated in the signature event (you must have enough posts to complete the task and get the bonus)? This is my first account on this forum. The experience is really bad, not only my post be deleted and not not only no notified. The atmosphere of freedom is gone.But the quality of all posts. It seems that the cognition is very low.

What do you mean by miners are too centralized? and why do you assume that makes bitcoin no longer decentralized? You need to learn more about the concept of decentralization in Bitcoin, because you are thinking about the wrong concept about it.
Bitcoin will forever be decentralized and that will not change, because no one entity is managing the Bitcoin network as they please. Moreover, the issue regarding fees has nothing to do with miners, it is all related to Ordinal and the bullish market which makes the network congested.

It's congested, got to wait much longer than usual and bitcoin is still decentralized and it will always be because that's how it was created. The reason that you think that's how bitcoin is because a lot of CEX are popping up to do what DEX already do and it just so happens that people are still using CEX despite the presence of DEX in the market. I guess the one thing that you can do OP is to wait for things to calm down again because right now, the ordinals are just popping up and it's the one reason why we're paying a lot of money in transaction fees so stay strong and wait for the time to come when things are going to be normal again for the mempool.

That you say is bullshit because everyone would send transactions with the minimum fee and instead of having hundreds of thousands of spam transactions on the blockchain we would have millions waiting to be executed, thus making it impractical. Besides, as the block reward would go down, mining would not be profitable for miners.

And what kind of people will do this trans?

4a8c87eb15806fc89626c8e0738bdf44e2f56e193783b29b678a07755c6bb90b


Inputs
1
Input Value
0.00021772 BTC
$9.50
Outputs
1
Output Value
0.00000330 BTC
$0.14
Fee
0.00021442 BTC
$9.35
Fee/B
67.006 sat/B

---

From
1
bc1p74wy5q40a4f5c4mxfgs0pvynlrs9hz8a4puxparpjc8zmumk5t4qt4hucc
0.00021772
BTC
•$9.50
To
1
bc1pszc82llawlapphwvauvpazmzsjjqf0m6myr6wnznlwhpje4ldu9s4x4ajj
0.00000330
BTC
•$0.14






Please check the input and output address carefully

They made a lot of such nonsense transaction,the only reason is it is trans from miner to higher their value of mining and charge more .congesting the block themself and charging more

someone paid $1.7k for a 34kb meme image to be published on the blockchain

Now I am starting to feel like Satoshi should have made some provision to lock the blockchain (restrict) from getting used for other off-chains that are now cause of such high congestion on it. I know that this will make it look like a centralized blockchain since it won't be available for other projects to be utilized, but it surely would have stayed decentralized for Bitcoin without compromising its integrity. I am not sure if this is possible technically or not but imagine a world right now with blockchain that is only dedicated to Bitcoin, it would have been smoother for miners, developers, and users.

You know, the kind of thing where we have dedicated servers for "X" Virtual Database (VDb), with another one as the disaster management server. Similarly, it should have been only one Blockchain that is a highway for Bitcoin. Like a clean network with no other data getting mixed, such as Ordinals.

anyone tell me why this trans exists?



465935d1c04199ea07cb02a4e25dc97877dc8213adb2c0d9a29dd6ebfb348ff1


Output Value
0.00000500 BTC
$0.22
Fee
0.03932096 BTC
$1,715.45

First of all, you shouldn't have sent a transaction paying only 5000 satoshis fee. You took the risk and the worst happened. Now you have a stucked transaction on the blockchain. Pray that it's going to be confirmed at some point...

That is the proof the system is decentralized. There isn't a central authority to come and say what should be confirmed next and after. There isn't a middleman to say what is fair and what is unfair regards transactions' confirmations. The system regulates itself following logical rules.

I don't know how centralized the hashrate is right now, but anyway it's not a monopoly. Anyone is free to join the mempool and become a miner.

That is what I would say about someone who sends a BTC transaction paying 5000 satoshis fee in the beginning of a potential bull run.