most blocks are not even half filled.
this is because miners are greedily delaying transactions so they can make profit.
firstly by forcing people to pay fee's and secondly by not dealing with as much data, they can solve blocks and get the reward faster.
miners hate having 20mb blocks. not due to security or damage to the community. but because if they allow 20mb blocks then the excuses to force delays and force fee's disappear. which is bad for miners, but good for the community and economy.
the small individual miners wont financially lose out, as they will still get an even share whether its 1mb or 20mb, the playing field stays level for everyone. but the mining farm owners that keep the fee's and only hand out the 25btc, will lose out.
people like luke jr are the big mouths that care little about the community, but alot about his personal profits. even if he is shooting himself for quick profits now, instead of doing the right thing to profit massively in the long term. he will still choose quick profits that dont help the community at a whole
Topic: Proof: transactions are too cheap (do Gavincoiners bloat the chain on purpose?) (Read 423 times)
July 02, 2015, 09:39:36 PM
July 02, 2015, 08:09:51 PM
Maybe this is even orchestrated by the Gavincoiners to fill blocks up to force people into Gavincoin (xt).
Blockchain wallet message ad campaign was here before the core/xt split. It has nothing to do with supporters of raising block size limit.
Regardless of that i think this service is proof transactions are too cheap
With Gavincoin these type of activities would just grow larger and in the end the bitcoin blockchain is filled with tras
With Gavincoin these type of activities would just grow larger and in the end the bitcoin blockchain is filled with tras
Even if you double the fee, it's still low. It's only supported by blockchain wallet, so these spam will never be a widespread problem. For bitcoiners using other clients, it's free bitcoin. We need to keep fees low to make bitcoin a practical currency.
Is the bitcoin blockchain a dumping ground? Gavincoiners certainly would think so.
Higher block sizes is a general consensus, we are touching the 1M limit more frequently now and it's not because of these spam. We need to increase transaction capability, xt/core devs only differs on how we achieve that.
July 02, 2015, 07:25:31 PM
Currently i noticed a a service that sends 0.1 millibitcoin to random active adresses with a message attached to double ones bitcoins at his adress (example adress: https://blockchain.info/en/address/19Sp5HuwrcW23TetC9kE5WMqziUSXLjYyY). Maybe this is even orchestrated by the Gavincoiners to fill blocks up to force people into Gavincoin (xt).
Regardless of that i think this service is proof transactions are too cheap.
With Gavincoin these type of activities would just grow larger and in the end the bitcoin blockchain is filled with trash and bloated to such a degree that it becomes unattractive to adopt for people due to bandwidth and storage requirements.
Do we really need to risk a meltdown in marketcap and make bitcoin harder to access (system and bandwidth requirements) just to keep these types of services alife? Or would it not be more sane to let fees rise a little and push meaningless crap like that off the chain?
Is the bitcoin blockchain a dumping ground? Gavincoiners certainly would think so.
Regardless of that i think this service is proof transactions are too cheap.
With Gavincoin these type of activities would just grow larger and in the end the bitcoin blockchain is filled with trash and bloated to such a degree that it becomes unattractive to adopt for people due to bandwidth and storage requirements.
Do we really need to risk a meltdown in marketcap and make bitcoin harder to access (system and bandwidth requirements) just to keep these types of services alife? Or would it not be more sane to let fees rise a little and push meaningless crap like that off the chain?
Is the bitcoin blockchain a dumping ground? Gavincoiners certainly would think so.
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