There was another thread on this somewhere. The stress testing is a way to test the bitcoin network future transaction load and what will happen to the fees.
Remember, higher fees gets your transaction passed faster, but on higher btc prices this may mean that you are paying the same for transactions as with current fiat methods.
Topic: September Stress Test Schedule 30 Day Backlog - page 2. (Read 1412 times)
They dont need your permission to do this. If the system cant handle it, too bad. Go cry your mama a river.
What is this with " right to do" bs?
What is this with " right to do" bs?
I've not seen this mentioned on the boards but if it has been, feel free to get it merged.
I just came across this article that says CoinWallet will be f***ing around with the network this September. To be quite honest, I at first thought it was satire. I mean, why would you alienate so many potential customers? I certainly won't ever be using them now.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
Here are a few (f***ing unbelievable) quotes from a CoinWallet representative:
"Each of these transactions is for a total amount of 0.0002 BTC (including miner fees), meaning that with my 150 btc that is currently in this state, I will be crafting 750000 transactions, or 2321 blocks, or a 16 day backlog."
and for there next trick,
"These 20 servers push approximately 1 transaction per second. The plan is to fill them up to 50-100 Bitcoin in total. In theory, if all things go as planned, we will create a nearly 30-day backlog."
But apparently you shouldn't worry, because...
"Of course, this won't cripple Bitcoin entirely. Those who are smart enough to increase their fees will still manage to push transactions through. However, it will make it prohibitively expensive, and will likely render most standard wallet software, ranging from Multibit, to Mycellium, Blockchain.info and others completely worthless."
They do have some XT reasoning at the bottom of the article, but it looks like an afterthought excuse if you ask me, and even if they did have a good reason, they don't have the right to affect the whole system.
I just came across this article that says CoinWallet will be f***ing around with the network this September. To be quite honest, I at first thought it was satire. I mean, why would you alienate so many potential customers? I certainly won't ever be using them now.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
Here are a few (f***ing unbelievable) quotes from a CoinWallet representative:
"Each of these transactions is for a total amount of 0.0002 BTC (including miner fees), meaning that with my 150 btc that is currently in this state, I will be crafting 750000 transactions, or 2321 blocks, or a 16 day backlog."
and for there next trick,
"These 20 servers push approximately 1 transaction per second. The plan is to fill them up to 50-100 Bitcoin in total. In theory, if all things go as planned, we will create a nearly 30-day backlog."
But apparently you shouldn't worry, because...
"Of course, this won't cripple Bitcoin entirely. Those who are smart enough to increase their fees will still manage to push transactions through. However, it will make it prohibitively expensive, and will likely render most standard wallet software, ranging from Multibit, to Mycellium, Blockchain.info and others completely worthless."
They do have some XT reasoning at the bottom of the article, but it looks like an afterthought excuse if you ask me, and even if they did have a good reason, they don't have the right to affect the whole system.
Jump to: