Mempool has doubled in the last 8 hours - page 2.

hv_

legendary

Activity: 2520

Merit: 1055

Clean Code and Scale

Quote from: freightjoe on November 22, 2017, 03:57:59 AM

Quote from: hv_ on November 22, 2017, 03:55:45 AM

Quote from: Kakmakr on November 22, 2017, 03:50:29 AM

... We have reached consensus to use SegWit and now nobody wants to use it. ...

Do you know what consensus really is ?

I do not want SW as well Wink

And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company.

there is open competition now - one single coin can fail

freightjoe

full member

Activity: 238

Merit: 109

Quote from: hv_ on November 22, 2017, 03:55:45 AM

Quote from: Kakmakr on November 22, 2017, 03:50:29 AM

... We have reached consensus to use SegWit and now nobody wants to use it. ...

Do you know what consensus really is ?

I do not want SW as well Wink

And here we see exactly why the Bitcoin experiment was always doomed to fail. Once a lot of money gets involved too many people have different agendas and a consensus/democratic approach will always fail. There is a reason why successful companies such as Amazon, Microsoft, Apple, Tesla etc are not democracies but firmly run by a single individual who forces his vision upon the company.

hv_

legendary

Activity: 2520

Merit: 1055

Clean Code and Scale

Quote from: Kakmakr on November 22, 2017, 03:50:29 AM

... We have reached consensus to use SegWit and now nobody wants to use it. ...

Do you know what consensus really is ?

I do not want SW as well Wink

Kakmakr

legendary

Activity: 3472

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: scottykarate on November 21, 2017, 12:06:31 PM

I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.

Can you please enlighten me on the general plan to make transactions faster and cheaper? I've been looking out for it, but there isn't much.

You are not looking hard enough. Start using SegWit addresses and you will see a significant drop in the fees. We have reached consensus to use SegWit and now nobody wants to use it. The spammers are not focusing their sabotage on SegWit, because it is more expensive.

This will hopefully be a thing of the past, once the Lightning Network come into play. ^smile^

freightjoe

full member

Activity: 238

Merit: 109

Quote from: ?? on ??

Quote from: scottykarate on November 21, 2017, 12:06:31 PM

I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.

Can you please enlighten me on the general plan to make transactions faster and cheaper? I've been looking out for it, but there isn't much.

That's because too many people rely on the system becoming more inefficient - that way they will make more money

freightjoe

full member

Activity: 238

Merit: 109

Quote from: scottykarate on November 21, 2017, 12:06:31 PM

Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.

...right...unicorns and pixies will ride in to the rescue....

freightjoe

full member

Activity: 238

Merit: 109

.... and it is staying high....

scottykarate

member

Activity: 70

Merit: 10

I think the majority of folks on here on hodlers. Mempool doesn't matter to many and there's a multi faceted plan to make transactions faster.
Mining power can be moved and replaced and with all of the creative developers, some sort of plan is likely in the works.

teilwalL05

hero member

Activity: 980

Merit: 500

The transaction was bursting and right now there are a total of 20,000 Unconfirmed Transaction and still counting, I think it is because of the price of bitcoin, but well it is always be the reason, and bitcoin now had a All Time High and still peaking the clouds up, and I think the miners now had a rough time keeping up in searching more blocks right now.

freightjoe

full member

Activity: 238

Merit: 109

In just 8 hours this morning the mempool has doubled - seems we are agin heading towards the miners wanting to drastically increase prices.

Also we saw this pattern when there was the civil war with Bitcoin cash

Topic: Mempool has doubled in the last 8 hours - page 2. (Read 470 times)