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Topic: Let's welcome the stress test - page 2. (Read 2194 times)

legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
September 04, 2015, 07:30:19 PM
#27
A typically reaction is to wait and combine several small transactions into a large one and send it with a higher fee (just like ATM cash withdraw in foreign country, you always do the maximum withdraw to reduce the impact of the fee since fee is fixed regardless of withdraw amount)

That depends on the bank. Usually, there are 2 fees. One from the bank which issued the credit card, and another from the foreign which provide the cash. One can be fixed, the other can be %, there are many cases...

Regarding the stress tests, I welcome them. They show what it will be like next year, with more people using BTC. Banks also do stress tests!

Stress tests don't have to be disruptive. That's why we have testnet. Cheesy

This isn't a 'stress test', it's a premeditated attack on the network.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
September 04, 2015, 07:17:59 PM
#26
A typically reaction is to wait and combine several small transactions into a large one and send it with a higher fee (just like ATM cash withdraw in foreign country, you always do the maximum withdraw to reduce the impact of the fee since fee is fixed regardless of withdraw amount)

That depends on the bank. Usually, there are 2 fees. One from the bank which issued the credit card, and another from the foreign which provide the cash. One can be fixed, the other can be %, there are many cases...

Regarding the stress tests, I welcome them. They show what it will be like next year, with more people using BTC. Banks also do stress tests!
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
September 04, 2015, 04:25:15 PM
#25
Stress test suck, they delay a lot of my working schedule, and it is not fair for small users. There might be a need to do one every year or so, but to have Bitcoin malfunctioning for days really does harm.

No one could actually do something about it, everyone can do what they want to do in the network as there would be no regulations to stop them. With every stress-test, just think of something like this: someone is burning loads of money in order to push the network to its limit and strengthen it by doing so. Wink

Weren't some devs suggested certain improvements to prevent these kind of stress tests. During the last stress test, I I have written the same post as yours, that we can't do anything about. But then one of the hero members has written that measures have taken places to prevent such stress tests in the future. I don't know is something like this possible, maybe somebody here has more info.


There are simple ways to filter out the spam transactions, but I'd rather not do it, just let the traffic fill the mempool and stress the nodes so that we can have a rough estimation what kind of load there will be if we use 8MB blocks (A total crash of almost every node maybe?)

The stress test is a good simulation of future when every block is full, we will see what kind of solution people will come up with when they experience delay in transaction

A typically reaction is to wait and combine several small transactions into a large one and send it with a higher fee (just like ATM cash withdraw in foreign country, you always do the maximum withdraw to reduce the impact of the fee since fee is fixed regardless of withdraw amount)

Then maybe rely on some online web wallet service since they typically combine lots of transactions into one thus can afford much larger fee

Anyway, currently the fee is really small, I guess most of the users will just raise the fee by 10x and be happy with it

Humans are forgiving
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 04, 2015, 03:03:48 PM
#24
Stress test suck, they delay a lot of my working schedule, and it is not fair for small users. There might be a need to do one every year or so, but to have Bitcoin malfunctioning for days really does harm.

No one could actually do something about it, everyone can do what they want to do in the network as there would be no regulations to stop them. With every stress-test, just think of something like this: someone is burning loads of money in order to push the network to its limit and strengthen it by doing so. Wink

Weren't some devs suggested certain improvements to prevent these kind of stress tests. During the last stress test, I I have written the same post as yours, that we can't do anything about. But then one of the hero members has written that measures have taken places to prevent such stress tests in the future. I don't know is something like this possible, maybe somebody here has more info.
hero member
Activity: 700
Merit: 500
September 04, 2015, 02:49:20 PM
#23
Stress test suck, they delay a lot of my working schedule, and it is not fair for small users. There might be a need to do one every year or so, but to have Bitcoin malfunctioning for days really does harm.

No one could actually do something about it, everyone can do what they want to do in the network as there would be no regulations to stop them. With every stress-test, just think of something like this: someone is burning loads of money in order to push the network to its limit and strengthen it by doing so. Wink
Lets be hopeful and positive to not see these things happening in future.I think in future there will be more legislation and protection for Bitcoin users and we will not see at least unseen down times on name of stress test.They need to compensate the affected users.
legendary
Activity: 1876
Merit: 1005
September 04, 2015, 02:29:24 PM
#22
This was another unexpected stress test which made my mind up to say good bye to blockchain for good.I  woke up today and wanted to transfer some funds and it took all the day long to be up again.All this uncertainty will have no good impact on blockchain users.
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
September 04, 2015, 12:04:52 PM
#21
Nice try online wallet PR team /s

You write some good points though, it will be interesting to see how it pans out.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
September 04, 2015, 12:01:24 PM
#20
Stress test suck, they delay a lot of my working schedule, and it is not fair for small users. There might be a need to do one every year or so, but to have Bitcoin malfunctioning for days really does harm.

No one could actually do something about it, everyone can do what they want to do in the network as there would be no regulations to stop them. With every stress-test, just think of something like this: someone is burning loads of money in order to push the network to its limit and strengthen it by doing so. Wink
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
September 04, 2015, 11:54:20 AM
#19
Stress test suck, they delay a lot of my working schedule, and it is not fair for small users. There might be a need to do one every year or so, but to have Bitcoin malfunctioning for days really does harm.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
September 04, 2015, 11:50:13 AM
#18
The First US City With 10 GB Internet Is Salisbury in the US

http://www.wired.com/2015/09/first-us-city-10-gb-internet-salisbury/


hopefully they can handle 2 MB blocks  Kiss
legendary
Activity: 1372
Merit: 1000
--------------->¿?
September 04, 2015, 11:44:02 AM
#17
Looks like these guys could be facing potential criminal charges in the UK.

http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

If you were to attack a banking network, you would be prosecuted. How is this any different?

This is nonsense. Since when bitcoin needs laws to be protected? If that's the case, we can conclude that bitcoin is a big technical failure.

AFAIC bitcoin as a decentralized system is supposed to resist any kind of behaviours done by bad actors and they shouldn't be considered as a problem. The problem is the system that can't handle them.

If you disagree with this then why on earth did you put your money in such a weak system?  Huh
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
September 04, 2015, 11:07:59 AM
#16
we need Blockstreams business sidechains NOW!


/s
hero member
Activity: 675
Merit: 500
September 04, 2015, 11:04:32 AM
#15
Looks like these guys could be facing potential criminal charges in the UK.

http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

If you were to attack a banking network, you would be prosecuted. How is this any different?

I doubt if anybody would actually register a case and proceed to prosecute.
Who is going to be the victim? Somebody who didn't get his transaction confirmed because the fees was too small?
legendary
Activity: 3542
Merit: 1352
Cashback 15%
September 04, 2015, 10:48:34 AM
#14
Looks like these guys could be facing potential criminal charges in the UK.

http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

If you were to attack a banking network, you would be prosecuted. How is this any different?

Afaik, the whole bitcoin network is not under any authorities or jurisdictions of any country, so why would they be liable to any criminal charges if they want to stress-test a peer-to-peer decentralized network?
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
September 04, 2015, 10:28:35 AM
#13
Looks like these guys could be facing potential criminal charges in the UK.

http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

If you were to attack a banking network, you would be prosecuted. How is this any different?
legendary
Activity: 3542
Merit: 1352
Cashback 15%
September 04, 2015, 10:23:14 AM
#12
Interesting theory. In order to create a significant backlog in the network, the stress-testers should first burn a lot of money for their transactions to pass through. And because of the added fee per tx, miners would profit heavily from this. Very interesting indeed, however, I don't think that they will go to that extent burning millions of $$$ to prove that the network isn't that robust and strong as we think it is.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
September 04, 2015, 10:12:58 AM
#11
Johnyj,
considering what you say 1 BTC should value a lot more than the actual price if the test goes as you described.
But isn't it only a way for miners to get profits again after all this price stagnation?

I think the price stagnation is caused by the current confusing status about this block size debate, since it revealed that there is no good decision making mechanism in bitcoin community yet. Once we passed this crisis and there is a well-established consensus decision making mechanism, we will be back to the stable growth path
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
September 04, 2015, 10:06:10 AM
#10
Your theory seems interesting, but in practice that might not happen, as we've seen from previous stress tests. Markets move in strange ways... And someone might feel like cashing out on top of the spammer.

And I don't really see people accepting a fee similar to fiat banks, that would definitely make me unattracted by Bitcoin...

That being said, I hope there will be no stress test, even if it has the positive implications you mentioned. As we could see from previous tests, this will only clog up the small 1MB blocks (or these transactions simply won't be mined, making the test irrelevant) and they already proved the point.

In fact, during their last test, I was not satisfied with my nodes performance, so I added a line in bitcoin.conf to drop the low fee transactions altogether. If many nodes are doing the same this time, then the test will not have any effect on the network unless they raise the fee enough high

Based on blockchain statistics, most of the transactions are larger than 0.5 bitcoin, so people could tolerate 0.005 bitcoin at ease, means that attackers would need to bid higher than 0.005 bitcoin fee to affect enough transactions to raise a concern
legendary
Activity: 1316
Merit: 1481
September 04, 2015, 09:45:35 AM
#9
Johnyj,
considering what you say 1 BTC should value a lot more than the actual price if the test goes as you described.
But isn't it only a way for miners to get profits again after all this price stagnation?

hero member
Activity: 712
Merit: 500
September 04, 2015, 09:39:58 AM
#8
These stress tests really do make bitcoin look bad. They are very annoying to average users as well.

Indeed, but that's how P2P works. Anyone can do whatever they want.
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