Topic: I don’t think bitcoin is now decentralized (Read 522 times)

Does transaction fee make crypto centralized?
Bitcoin is still decentralized the only thing that change is the price of crypto and the amount for a faster confirmation.
Before sending out your crypto make sure that the transaction fee is enough so that it wouldn't be delayed.
If you are in a rush to get your Bitcoin then you should be prepared to pay the amount that is needed, if you couldn't afford it then use other crypto for a smaller fee.

You have the same view as mine, Bitcoin is decentralised and what the OP is trying to explain is a different issue entirely. Bitcoin is and remains the most decentralised cryptocurrency in the world and has been able to preserve it for years. That is why people and developers are always careful of scaling it better like what other altcoins are doing for better purposes and functions. They believe that leaving it as it is in most cases is the best answer to preserve its decentralization nature which is one of the core goals of Satoshi in creating the coin.

If they could be determined this much despite all the flaws noticed and what altcoins are enjoying with their upgrades, I think it's rather worth celebrating and not ridiculed.

BTC is still decentralized in my opinion

The meme pool has nothing to do with the decentralization buddy, you are on the wrong track, if you are encountering network fees & network congestion you should look for the scalability solution because decentralization has nothing to do with it In the first few moments I thought this is gonna be the joke of the day but seems like Op by misconception created this thread.

I can consider myself one of the people who learned about how the Bitcoin network works and how network congestion-related problems are taken into count this day with the help of senior fellows, a few weeks ago, I was supposed to ask a few questions which I was expecting has been already covered before but in the flow of discussion on that thread I did asked them and of one senior explained things out, that the solution's I was asking were removed due to the misuse of the system from the meme pool Moral of the story is buddy if you find it difficult to know about the base concepts just ask don't blame.

Because little transactions incur higher fees, it is particularly tough for those of us who do them. Individuals who charge more often work earlier in the day, while those who charge less frequently work later. I think that in order to lower these costs, we should all strive for a little more stability. once we achieve this, the transaction fees will also be lowered. mempool congestion will go down as we decrease transactions, and high transaction costs will go down as well.

A lot had been happening in the Bitcoin Blockchain making many people to look for alternative ways to send money to their love ones and make transactions. Many people had recovered alternative tokens that has low network fee like Tron network and Binance smart Chain because of what is happening currently. I believe this problem was creative by miners so that they would make more money from network fees congesting the Blockchain network. Something need to be done to reduce the network fee or else people might start dumping Bitcoin for some other cryptocurrencies just like how it happens when the Ethereum fee was very high that made many investors to dump the Ethereum Blockchain for some other chains that has low fee.

He knew that if it got attention, it would become very popular. I once saw somewhere in the forum a user had quoted a line from Satoshi where he said that after 10 years or so from now, there will either be a lot of transactions or users or there will be none. I don't remember the exact words but I think that was it. So, it means that he knew, that if Bitcoin starts spreading around, anyone who learns about it will start using it which is why he made that kind of prediction.

I also think that this congestion is not because of normal blockchain transactions because the network isn't this weak to not be able to handle transactions of its users but all these new integrations such as ordinals and stuff, are making a very big mess and normal Bitcoin users are suffering because of it.

The fees should even make you believe that Bitcoin is decentralized because no one controls the network. With network spam, everything is still possible as long as it successfully congested by the ordis and other brc20 tokens.

The miners are doing their job and they just mine and confirm transactions. If you'll pay slower then you know what's gonna happen with your transaction and do you think it's worth it to wait longer?

You can't blame the miners for this. It's only because of the brc20 ordinals that made the network congestion temporary. I know I know it sucks. The high transaction fees are unbearable now. Even some days ago I had to pay high transaction fee in order to confirm a transaction. So just wait a little bit for the network to cool down.

Your transaction will not be verified as long as the transaction congestion persists. I can't take 20 days of waiting for my money. I will instantly increase the cost if the transaction is still waiting after 3 days. If you don't really need cash, it's fine to let the blockchain fee equal yours, but keep in mind that we don't know when the fee will return to normal, and while we wait, the price may drop impulsively.

Prices can vary a lot but it felt like, it was pretty sketchy when we first did it, but I didn't really have a problem with it. As long as we make the right choice and buy the right coins, it will be a good decision, but when we get caught in the problem of increasing fees on the network, it may be another disaster for us.

Let's pay attention for now, many people already know how useful digital currencies like BTC are in many fields and this is not a threat, but we are also required to balance various factors including convenience and transaction costs but it is also a good idea to always update and learn about it. the gap too.

Of course it is not ideal how can we use a cryptocurrency in a much more regular basis if we can not even make transactions without having to wait this long or pay a much higher fee but it is this way because of how much activity there is currently lots of users are also waiting to get their transactions validated


I am having a hard time understanding what you mean by this to be centralized is to have a certain power centered or managed in one place i am trying to understand how it relates to miners when they also do not have a choice

It's as exactly as you've said, pay high and get confirmed quicker and pay lower and get delay in confirmation time, but it all doesn't end here, either of the part you choose has a remedy as well, you can choose to pump your fee, make adjustments, or use mining pool to accelerate your transaction.


I think in life everything has time and season, maybe this could just be their own peak time, they have to enjoy it while it last.

How is here a correlation between higher fees and decentralization? If we don't accept the higher fee that doesn't mean we are rejecting decentralization but it just means that these charges are atrocious and unacceptable and cannot be justified. Bitcoin is for everyone and not just for those who make large transactions and I find it really odd why people don't accept the pain point over here and start lecturing on how we can avoid transactions when the network is congested, etc. Instead of diverting from this issue there should be steps taken to reduce these charges.

Everything has their cons and pros. One of the disadvantages of a decentralized system is control. Let's assume that bitcoin is a centralized system, it will be very easy to stop incoming transactions for few days, confirm all pending transactions, ban the ordinance and clear all dust in the network. But with the decentralized nature of bitcoin, we do nothing than to wish untill it comes to pass. I know that mempool congestion is part of the ecosystem. It is not a new thing to us, but this time around it is persisting and if the situation doesn't calm before halving, it will be so disastrous when the bitcoin price booms.

How sure are we that a very big misunderstanding will not happen in the bitcoin network that will lead to a hard fork. Just check out the SEC and ETF approval, halving and bull run. We should be expecting the worse

This has nothing to do with decentralized part of Bitcoin, out of the box Bitcoin is created decentralized and to protect the decentralized part it's on the adopters, well unfortunately people don't care, keeping your Bitcoin on any exchange means it's not a decentralize practice, and it's the same if you keep your private key online.

Bitcoin is decentralized and the way you use it will either keep it decentralized or centralized, that's in your hands, the problem you are talking about is high transaction fee and that's not about the decentralisation of Bitcoin.

What you don't know is, to keep the work on going miners need to be happy and that's what we are getting now with ordinals, I hope some solution comes that will make bitcoin a little bit easier to accumulate.

I am pretty sure that in his wildest dreams he didn't dream that it would get this big. I mean he did assume that "some" people would use it, and he was around when it got a little bit attention as well, but I do not think that he had any idea that it would be this big.

We are talking about something that has peaked at 68k dollars, and we are talking about a trillion dollars in market cap as well, that is quarter or a bit less than the gold marketcap, imagine being gold, exist for thousands of years for payments, from early age bronze/silver/gold coins to now, and then something gets created and in less than 15 years it reaches quarter of your thousand year progress. This is why the fee's are high, because there was no system built in to be ready for something like this.

The problem with decentralized system is that it cannot attain stability, you cannot control anything so you just go with how the system/network flow. It doesn't matter how huge or small the amount is, if depends on the miners who create blocks for the next one, and as a decentralized network you cannot control the miner to go first with your transaction, and if you were in their shoes you would go with higher payment typically with huge amount of money.

I mean how do we reduce the transactions? we are decentralized. You cannot just tell anyone to stop doing transaction for a moment.

This issues of unconfirmed transmission has been an issue of bitcoin transaction over two weeks now, even I have come across of people complaining of dust error, and the reason such happened is because of mempool, so since it's congested I believe that bitcoin transaction fee will be higher, sometimes when you experience dust error in your bitcoin transaction it's topically mean that bitcoin that is the wallet you want to transfer is very low to be transferred to another wallet, so that is while something of that nature manifest, so it's the developers that should be blame concerning difficulties experience of bitcoin transaction.

Yes, I agree with you that the system created by Satoshi has very good features, but when it comes to paying fees to the point of madness, this must stop.

I mean, it's okay to pay more fees if you don't want to wait long, but when there is a crazy race to increase fees to speed up transactions and transactions with lower fees stand in a long and boring waiting line, this wonderful system turns into chaos and this freedom to increase fees becomes a nightmare for others (who They do not want to increase fees).

So, you mean that a person who initiates a transaction with 15sat/byte before a person who does it with 100sat/byte should get their transaction confirmed before? How does that make sense? In such a system, there should be no fees at all, and every transaction should cost a certain amount without giving the user the ability to adjust the fees as per their payment capability to get their transaction confirmed quicker. A fixed transaction based on the amount, and transactions being confirmed in chronological order, it's miners' luck if how much fees they get in every block they mine.

Satoshi probably created the chain and the whole system this way because he wanted to give users the freedom to choose how much they want to pay as the fees for each transaction so that if a person wants to pay less and wait longer can let those who are willing to pay higher to get it done quickly go first.

Indeed, mempool dynamics balance cost and speed. You're right - low fees frequently equal long transaction confirmation waits. Its important to Bitcoin's operation. One can't avoid this mechanism with low fees, especially during high-demand periods like halving events. Due to rising Bitcoin activity and interest, each halving has raised transaction costs.

This mechanism is important, though. Security and network capacity regulation are its goals. Despite its inconvenience, this strategy protects the network. Anyone using Bitcoin must understand and respect this balance. Expectations must match blockchain technology's nature. Patience and intelligent fee bidding are essential here.

We must be knowledgeable and flexible going forward. Our Bitcoin ecosystem interactions must evolve as Bitcoin does. The idea is to anticipate and respond to these shifts, especially around major events like halving.

Whether the transaction is for a small amount or for a big amount, the fee will be the same. There is quite a problem here for small traders, however, they should not transact in situations where the fees are being charged too high.Those with large sums don't care about the fees, which causes problems for small transactions. Your advice is good, wherever the network gets congested, these problems happen and we create them ourselves.

 However, these problems are often seen, but every person is making transactions according to his needs, so it cannot be said that all people will become stable. Few people can adopt this method but it is impossible for everyone, because every person has their own needs.

So what do you think is decentralization? Bitcoin does not exist just to serve you, you should understand that first and are you willing to learn more about transactions that you are not willing to pay more fees to speed up? I've seen the "fee" issue brought up a lot recently and people keep blaming it for being expensive and slow... Let's better understand the appeal of bitcoin that many people are still willing and trusting in it. I have no intention of using bitcoin in all daily activities at the moment, but these problems will be solved if acceptance becomes more widespread. That in itself is decentralization, so if you can't accept it then you are probably moving towards centralization.

For those of us who do small transactions, the difficulty is especially high as small transactions are charged more.Those who are charging more are working earlier and those who are charging less are doing it later. In my opinion, to reduce these charges, we all need to be a little more stable and if we are stable, the transaction fees will be reduced. As we reduce transactions the mempool congestion will decrease and as congestion decreases high transaction fees will decrease.

So at the end of the day, you really can't defeat the system that's reigning in the mempool, you'll still have to put some money into your transactions and not just lazily putting the lowest possible because you can wait for a long time for the confirmation? I didn't know that, thank you. It's kind of sad though that this is how it's going to be with transaction fees, you can't pay too low or your transaction won't come through but you don't want to pay absurd amounts just to have the normal speed in transactions. I hope these ordinals lose their charm before the halving.

Thank you for discussing the idea in detail from all aspects.

There is no doubt that the Bitcoin mining/transaction/fee protocol was designed with ingenuity and high efficiency, but it may not have taken into account that transactions on the network will increase dramatically in the future. The current state of the network is a simple indicator of what could happen in the future if global adoption occurs and there are millions of  transactions on a daily basis. What's the solution? Do we just pay the insanely high fees?

I also wonder why other networks operate with high efficiency and great speed with low fees, such as the Binance network and the Tron network, even though they have large traffic and there are thousands of transactions carried out daily and do not cause congestion problems like those found on the Bitcoin network?

I share in your frustration and if you get angry more than that, it is worth it as Bitcoin is not living up to the expectations. Frankly, I had many series of posts about the fee issues in the past but people tend to always support the system and believe that my suggestion can't work. But here we are, the so-called perfect system is just being manipulated and monopolised by some sectional people called miners. Thanks to the system.

They had the opportunity and used to go for the highest bidder while the system continues to allow such unabated. Well, I do not see this as a perfect system while other blockchains are experienced seamless transactions with low fees. However, this is not a reason for Bitcoin to be decentralised if you know the true meaning of decentralization. It is just a way to prove the imperfection of the system and the need for developers to still go back to work and curb the menace.

That's a very wrong understanding on how Bitcoin transaction and decentralization work. The risk of high-fee when transaction amount is sky-rocketing is the risk of decentralization. More people want their transaction proceed so they are competing to raise the fee, miners is not the one who raised the fee, people who are transacting bitcoin are the one that raised the fee and the miners is happily benefiting from this issue. We all know why the transaction fee is skyrocketing, the network is bloated with all those ordinals and BRC-20, and no one/nothing interfere if this is what the most people want to do with bitcoin blockchain, that is because there is no central entity.

So many problems with your idea.

First off txs fees aren't in dollars, but in satoshis. And the value of a satoshi obviously changes. So you're 'fixed' fee would actually be a very volatile fee, which would simply follow Bitcoin's price changes meaning over the long term the fee would get incredibly large once the price of bitcoin is in the millions of dollars.

Also you mention the "fixed" rate can be increased after each halving....so that would presumably require a hard fork protocol change after every halving...not going to happen. Not to mention the needed fork to change from a market fee to a fixed fee in the first place.

And a first come first serve tx protocol as you suggest could very easily be spammed by bad actors, making it so transactions take days or weeks to get through. That isn't possible with the market fee because anyone can simply put in a high enough fee to get their transaction in the next block.

Bitcoin's mining / transactions / fees protocol was designed brilliantly. It does not need to be changed at all. And definitely should be changed to something like this that would cause major problems with Bitcoin's operation and simply be untenable for the various reasons I outlined here.

Why nonsense, my dear? Think about it if an economical fixed rate of fees was paid that would be profitable for miners and good for users at the same time.

This means that if a fixed percentage is set, for example $2-3 per transaction, it will be good for both parties, and in the future when the mining rewards decrease after each halving, this percentage can be increased to be profitable for the miners to continue their work.

Not sure why you think this has anything to do with decentralization or lack their of. Seems like you don't understand what decentralized means.

There may be transactions that may seem absurd or pointless to you. Unfortunately, they, too, have as much right to use the network as you. The network is open for all to use. You pay the necessary fee, you can have your transaction processed. So, while many of us may think that one transaction is more important than another, what can we do? An actual Bitcoin payment may seem more important than sending a monkey jpeg, but if it pays a low fee in a congested network, it could be purged from the mempool while the monkey jpeg is smoothly confirmed.

But this is isn't because Bitcoin lacks decentralization. The opposite may be true. If transactions are screened and some are approved while others are not, censored for sending garbage images, that should be akin to centralization.

I think that this remains to be a big problem with the Bitcoin network much more so if there will be a high volume of transactions leading to congestion...this is always the biggest challenge for Bitcoin especially when compared to other platforms used in business like Visa or Mastercard. I am hoping that soon something can really be done with this hindrance and that we can all buy a cup of coffee using our BTC fast and efficiently. Now having said that, I don't agree that this problem is connected to the concern or question whether Bitcoin is decentralized or not.

The confirmation time is not proportional to fee. If the fee is below certain threshold, your transaction will probably never be confirmed. Like, if you put a 1 sat/vByte fee, it may never be confirmed if the fee will never be so low ever again, or if so much time will pass that the transaction will be removed from mempool by then.

Unfortunately, you can do anything about it than cross your fingers. For you to understand how this works, imagine that we both go to meet a carpenter to make a furniture for us individually. You have $30 and I have $5. Whose request will he attend to first? Of course he’ll take yours first. And immediately he is done with the job, someone else brings $50 to do the same thing, he’ll quickly rush to get it done for the person (while mine is still pending) because of the amount they are willing to pay. This is exactly what is going on. People are paying a lot of money for transaction fees and the higher the transaction fee, the higher the priority of that transaction.

This was biggest issue faced by the bitcoin,but it was not because of the bitcoin.This was due to the exchange influence in the transaction fee of the bitcoin.As we know both the Binance and trust wallet headed by the same owner who keep the transaction fee of bitcoin high in both exchanges.So the small exchange also follows the same transaction fee,this leads to the transaction issue.The bitcoin decentralised behaviour was slightly reduced by this action by the owner of big exchanges.


This should be understood by the bitcoin traders,when ever the price of the bitcoin was increased.The transaction fee for the bitcoin also increased by the owner of the exchanges,but the trader should be responsible and don’t do the transaction of bitcoin at this time to avoid of losing the bitcoin.

Miners don't set the fees but it is the network itself charging us with that because of the demand and with such, the network becomes clogged. What you should blame are these shitcoins that are made as BRC20's.

Yeah, there is no other trick than that but to wait until the mempool doesn't charge with unusual fees. It's easy to do that like a days ago we're seeing $20-$30 fees equivalent in Bitcoin per transaction for high priority and now we see it equivalent in $6 so despite that there's a huge slash. We still consider that as high fee but if you're wanting to transact now, you gotta be paying that fee and it's now considered low. That's what we need to accept these days but I still believe that we shall see the fees go back to its former cents per low, medium and high priority.

If you don't want to pay high transaction fee then you should just wait for the mempool get back to normal. Right now, the mempool is congested and as you can see there are lots of transactions and because of that, those people who can afford to pay higher transaction fee wouldn't mind to pay it just to make their transaction get confirmed faster. This is what I do when the fee gets higher and just have to wait before the transaction fee gets lower.

Here are two sources I suggest you to read and then you will get an understanding of how the fees work. As has been mentioned here a couple of times, decentralization (or the lack of it) is not the problem here. At least not in the general sense.

Understand how transaction fees work and how the size of your transaction is calculated.

See the real-time price per byte.

If you are in the middle of congestion in a highway, many things and people could be blamed, but solving the problem sometimes has a very complex set of problems to be solved first! Making the highway bigger perhaps means chopping some woods or using some meadows that are vital for agriculture. It is not an easy endeavor, but I agree that some development has to be done and I am sure it will.

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.

miners do not select transactions
asics dont have a mempool. asics dont have a hard drive to store utxo's

mining pools are different than miners

learn this exploit is not caused by miners.. they do not code.
mining pools did not even code their own nodes.. learn who coded the bitcoin nodes to allow this exploit
learn this exploit is not caused by AI.. bitcoin did not write itself

realise core devs wrote the exploit. and core devs are the centralised group.. the secret is in their brand name

whomever you read about blaming miners is a fool making you look like a fool. they ar trying to make you not look at CORE devs

realise core has become too centralised. they can add new funky stuff without network fullnode majority readiness. yep they added code to bypass validation stuff so "full" nodes are not full nodes compared to the previous years way of network operation and consensus readiness before new features activated

core devs softened consensus
core devs REKT alternate brand nodes to gain dominance. core devs added opcodes that exploit validation

from november 2016-june 2017 mining pools were only <45% agreeing the the network change that opened the exploit.
they were mandated using blackmail to comply to the change or have their blocks rejected. which caused an artificial(not natural) 100% compliance

core dev won their tricks, sponsored by corporations that want users to move away from using bitcoin network and instead use middle-men custodians and systems

The blame cannot be placed on the miners because they are primarily looking for profit and the higher the fees the happier they are, but the network protocol itself that allows miners to choose the transaction with the highest fees to confirm should be blamed.

In my opinion, this protocol should be changed so that miners are not able to choose the transactions with the highest fees, but rather have to execute transactions in their chronological order. This can reduce the mad race to raise fees to speed up the confirmation of transactions.

Do you even know what the word "decentralized" means? But for the sake of argument, let us assume you are referring to mining pools. How exactly would solo miners address the issue of network congestion and dust transactions?


Then dont. Or at least wait for the mempool to go back to normal.

Bitcoin miners always choose transactions from tip of mempools to confirm if it is not their own transactions. It is very basic algorithm from miners and from any business. Don't blame it on miners.

Blame it on people who are ready to pay very high transaction fees for useless things like Inscriptions and can afford to lose money for transaction fees because of Ordinals and even lose bigger if those inscriptions turn to zero in value.

Bitcoin developers from their technical side must think of solution to resolve this issue but users have their responsibility too.

Decentralized? Yes Bitcoin network is still decentralized.

The miners are not to be blamed. The mempool is congested and that has been the reason. You can face the developers, not the miners. Either they should do something about Ordinals and BRC20 tokens or get a way the mempool will not be congested as this.

About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

The miners are too centralized,and a lot of dust trans was made every day.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.