Topic: Mempool is flooded and I see no complaints (Read 915 times)

the situation is certainly bad, but you can still do it with not so high fee, the average is 60k satoshi now which is only $1 to send what you want, paypal still cost way more and ebay charge you 10% of fee on your selling, but they are still using it


yeah 4x that is not even used, not even 1MB is used there, you see it's pointless to have 4x the capacity if you have no transaction volume that cna fill that, whcih is the entire reason why BU is wrong

With 136K unconfirmed transactions, AntPool mines an empty block (#465952).

Now  163131 Unconfirmed Transactions ,
see people performance matters, BTC the False Religion is failing.

Long Live LTC, 4X the Onchain transaction capacity of Bitcrap


 

No complaints? Do you live under a stone?
There are complaints all over this forum. The block size is relevant more than ever now.
https://bitcointalksearch.org/topic/mempool-new-ath-175000-unconfirmed-transactions-1913188

I believe there is only one thing that is making most of us hold Bitcoin. The rising price. If Bitcoin crashed to a $500 low and was always spammed so that each transaction will wait more then 24h to be confirmed, I believe it is natural for us to run to the next best store of value. Litecoin.

With 136K unconfirmed transactions, AntPool mines an empty block (#465952).

NO ONE (that I have read, anyway, even here at bitcointalk) has come along to encourage the Miner Wankers and the Developer Wankers to sit down and SOLVE this.  Perfect examples of N. N. Taleb's "Intellectuals yet idiots".

I believe there is only one thing that is making most of us hold Bitcoin. The rising price.

Yes sorry. But I was expecting more and more threads of endless complaints about the state of the network. I am surprised that everything is still not as bad in the forum and the price is still going up. Maybe we see the chaos when there is 200k unconfirmed transactions and the price goes down?

No complaints? Do you live under a stone?
There are complaints all over this forum. The block size is relevant more than ever now.
https://bitcointalksearch.org/topic/mempool-new-ath-175000-unconfirmed-transactions-1913188

Yeah, I'm complaining too about the same, but probably also for different reasons.  The Stupid Civil War (SW v. BU) probably is scaring off potential newbies who are confused about what might happen...  "Hard Fork" sounds very scary.

NO ONE (that I have read, anyway, even here at bitcointalk) has come along to encourage the Miner Wankers and the Developer Wankers to sit down and SOLVE this.  Perfect examples of N. N. Taleb's "Intellectuals yet idiots".

Do I sound pissed off...?

here is one example - not perfect. but think about it
imagine that we decided its acceptable that people should have a way to get priority if they have a lean tx and signal that they only want to spend funds once a day. (reasonable expectation)
where if they want to spend more often costs rise, if they want bloated tx, costs rise..

which then allows those that just pay their rent once a month or buys groceries every couple days to be ok using onchain bitcoin.. and where the costs of trying to spam the network (every block) becomes expensive where by they would be better off using LN. (for things like faucet raiding/day trading every 1-10 minutes)

so lets think about a priority fee thats not about rich vs poor(like the old one was) but about reducing respend spam and bloat.

lets imagine we actually use the tx age combined with CLTV to signal the network that a user is willing to add some maturity time if their tx age is under a day, to signal they want it confirmed but allowing themselves to be locked out of spending for an average of 24 hours.(thats what CLTV does)

and where the bloat of the tx vs the blocksize has some impact too... rather than the old formulae with was more about the value of the tx


as you can see its not about tx value. its about bloat and age.
this way
those not wanting to spend more than once a day and dont bloat the blocks get preferential treatment onchain ($0.01).
if you are willing to wait a day but your taking up 1% of the blockspace. you pay more ($0.44)
if you want to be a spammer spending every block. you pay the price($1.44)
and if you want to be a total ass-hat and be both bloated and respending EVERY BLOCK you pay the ultimate price($63.72)

note this is not perfect. but think about it

I'm complaining.  loudly.  

this is a pain in the butt for me, my company, and more importantly, new users who are trying bitcoin only to find its promise of fast cheap transactions may be not so cheap and certainly not fast.

The unconfirmed transactions now is the highest I have ever seen but shockingly I do not see any complaints? Have you all gotten used to it and now accept that it will always be there? So we have to live with it?

I believe there is only one thing that is making most of us hold Bitcoin. The rising price. If Bitcoin crashed to a $500 low and was always spammed so that each transaction will wait more then 24h to be confirmed, I believe it is natural for us to run to the next best store of value. Litecoin.

The unconfirmed transactions now is the highest I have ever seen but shockingly I do not see any complaints? Have you all gotten used to it and now accept that it will always be there? So we have to live with it?

I believe there is only one thing that is making most of us hold Bitcoin. The rising price. If Bitcoin crashed to a $500 low and was always spammed so that each transaction will wait more then 24h to be confirmed, I believe it is natural for us to run to the next best store of value. Litecoin.