FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.
You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.
It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,
Any of these scenarios could activate the issue that could cause blocks to be found intermittently.
1. Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2. Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3. Natural disasters such as tsunami take out a few large mining pools
4. Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network
The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.
After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.
FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.
You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate.
Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.
After over eight hours my third transaction just got confirmed but not the second one. Odd!
Breaking news: Second transfer still not confirmed. On top of that, the third-party provider no longer has it listed as a pending transaction. Does this mean that some other can now purchase that Lamborghini I had my heart set on?
(latter = humor)I'm still amazed as to how the lesser of the three transactions went through first (it being the first), when the other two of higher values didn't, all processed on my end prior to the creation of the very next block (at the time) which immediately confirmed the first lesser transaction as soon as that next block was created. To boot, the second highest amount was confirmed ~10 hours later (thought it was only 8+ as penned above), while the highest amount including appropriate fees is still awaiting its first confirmation.
Personally, I'm not too concerned given that the amounts in question weren't that large, but we're talking here thousands of others, some with substantial expenditures, waiting for hours (or over a day now) for confirmations when such shouldn't be the case. I'd say that such could give Bitcoin a bigger black eye than any infamous nefarious act known in this space.
