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Topic: The newly found block has size larger than 1MB? (Read 948 times)

legendary
Activity: 3696
Merit: 4343
The hacker spirit breaks any spell
September 01, 2017, 09:16:40 AM
#26
we need to wait sidechains
Sidechains are already here, just not fully decentralized 2-peg sidechains.


thank you for precisation and correct my bias thinking
can you link me some working sidechains (for small payments)?

http://www.rsk.co/ for example is for smart contract
i mean sidechains for small payment

thank you
legendary
Activity: 2674
Merit: 2965
Terminated.
this can create bottleneck and raise more and more the fee?
That makes no sense.

if tx is BOLD (cause more size of block) can create more time wait in queue?
What is a "bold" transaction?

we need to wait sidechains
Sidechains are already here, just not fully decentralized 2-peg sidechains.
legendary
Activity: 3696
Merit: 4343
The hacker spirit breaks any spell
i'm waiting sidechain project for use bitcoin like cashmoney
is important for bitcoiners can use bitcoin in my humble opinion

we need to wait sidechains
full member
Activity: 210
Merit: 100
question time
this can create bottleneck and raise more and more the fee?

if tx is BOLD (cause more size of block) can create more time wait in queue?

I think there is a balance. At some point when the fee is to hight, small transaction will go to litecoin. Only bigger transaction will stay at bitcoin.
legendary
Activity: 3696
Merit: 4343
The hacker spirit breaks any spell
question time
this can create bottleneck and raise more and more the fee?

if tx is BOLD (cause more size of block) can create more time wait in queue?
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
Why are we talking about BCH here right now?
They have already taken their profit and I think thats it. They should stop now. Just take it and run away.
I dont know if this is a good thing ot not considering the low capital miners which cannot take the power it will need for a bigger block.
In the end we will be losing miners good or bad.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
-snipped stupid meme-

your mining overlords that you are currently shilling for, have already proven that they only created bitcoin cash to make more money this year. they have implemented this little thing for their profitability called EDA and they are using it the best they can to milk the cow called BCH.

{insert a cow meme with BCH+EDA branded on its butt with bitmain holding the hot branding iron here}
full member
Activity: 210
Merit: 100
The segwit has been passed and active for some time, yet the adoption of segwit is so slow. Is there any webiste show the stats about segwit adoption?
legendary
Activity: 3696
Merit: 4343
The hacker spirit breaks any spell
cut cut



one image say more more than thousands words
i quote your amazing image Smiley explain the situation
hero member
Activity: 756
Merit: 502
CryptoTalk.Org - Get Paid for every Post!
We clearly don't need it and BitcoinCash already proves it and with Bitcoin Core not supporting it, I doubt anyone will be using it, but hopefully whoever signed the New york agreement changes his mind, we don't want chaos.

This kind of comment makes me think that maybe Bitcoin Cash/big blockers are right.
Bitcoin is almost unusable for a large percentage of the world now as the fees are so incredibly high. I wouldn't use a credit card with fees as high as bitcoin.

Bitcoin is not a credit card, nor a replacement for credit cards. I use bitcoin for commerce less and less as time goes on. Credit cards are great for commerce; I even get up to 5% cash back when I use them! With Bitcoin? No way. And then you have to account for fees.

But if you think of your bitcoins as a long term investment, as digital gold, then the fees aren't a big deal at all. There are all sorts of different systems (Lightning Network, different sidechains/drivechains, atomic cross-chain interaction with altcoins, etc) that can help to alleviate network congestion and enable microtransactions, in addition to other cool things like anonymous transactions (CT). All in due course.
legendary
Activity: 1288
Merit: 1043
:^)
if so, why do we need segwitX2?

We clearly don't need it and BitcoinCash already proves it and with Bitcoin Core not supporting it, I doubt anyone will be using it, but hopefully whoever signed the New york agreement changes his mind, we don't want chaos.
This kind of comment makes me think that maybe Bitcoin Cash/big blockers are right.
Bitcoin is almost unusable for a large percentage of the world now as the fees are so incredibly high. I wouldn't use a credit card with fees as high as bitcoin.

But we don't need to solve that problem, because Segwit slightly increases the number of transactions that can be processed?
When the average fee is about 10 satoshis per byte, the problem is solved. The median transaction with the recommended fee costs about $3.50 now, I'd like to see that at about 10c.
fees amounted to mere pennies a year ago, I was pretty surprised when I saw fees rose to this extent.
I haven't really kept up with the bch / segwit news, but I'm starting to get the gist of it.

Woot! But BTC.com and ViaBTC still mine blocks under 1MB.
They have to set the maximum weight to 4 MB, otherwise this won't work which is why it's already less effective than it should be. Most miners are lazy / slow / incompetent or malicious. Take a look at the nice blocks that Antpool is mining: https://www.blocktrail.com/BTC/pool/antpool.
so in a perfect world, if the miners got off their lazy asses and set to 4mb blocks, I'm assuming it goes
bigger blocks > more tx processed per block > eventually no unconfirmed transactions > back to lower fees
am I understanding this correctly so far?
legendary
Activity: 3542
Merit: 1352
Cashback 15%
66490 Unconfirmed Transactions
Segwit ain't helping yet.  Imagine that.

https://blockchain.info/unconfirmed-transactions

Size Matters Bitcoin Cash has it and Segwitcoin has some pitiful attempts at compression by moving witness data.

╥Aztek




Larger blocks only benefits large miners, and small-time mining operations just couldn't keep up with that so the hashing power would all be in the hands of Antpool and the likes. I don't know how much are they paying you to shill such an idea. Would you like to give up the control in mining to companies that explicitly deny transactions just to make a point?

Also, poor representation of SegWit vs BitcoinCash. If you want to make us believe that BCH brings all good, you should convince us with some solid benefits of switching to BCH.
legendary
Activity: 2744
Merit: 2462
https://JetCash.com

The Amish feel the same way , who needs a car when they have a horse and buggy.

Who Need Faster / Cheaper Transactions, Suffer with Segwitcoin, it is good for the soul.  

╥Aztek

Not quite a good analogy. Bitcoin was the horse and buggy I agree, but why switch to a stagecoach with eight horses, when others are using motorcycles and cars.

I think it is a shame that segwit seems to have got bundled in with bigger blocks. Segwit is great, but bigger blocks are a ball and chain for Bitcoin.
legendary
Activity: 1218
Merit: 1003
if so, why do we need segwitX2? 

We clearly don't need it and BitcoinCash already proves it and with Bitcoin Core not supporting it, I doubt anyone will be using it, but hopefully whoever signed the New york agreement changes his mind, we don't want chaos.
This kind of comment makes me think that maybe Bitcoin Cash/big blockers are right.
Bitcoin is almost unusable for a large percentage of the world now as the fees are so incredibly high. I wouldn't use a credit card with fees as high as bitcoin.

But we don't need to solve that problem, because Segwit slightly increases the number of transactions that can be processed?
When the average fee is about 10 satoshis per byte, the problem is solved. The median transaction with the recommended fee costs about $3.50 now, I'd like to see that at about 10c.
legendary
Activity: 910
Merit: 1000
Yes, we are now seeing SegWit in action. The block size will be bigger
legendary
Activity: 2744
Merit: 2462
https://JetCash.com
Segwit offers many advantages, and is not just about a blocksize alternative imho.
Larger blocks are a bad thing for Bitcoin, and will stop it becoming the major crypto in the future. Who wants great lumbering juggernauts, that are being overtaken by the fastwer traffic.

I'll hold off updating my core node in the hope that sense prevails, and we can keep blocks at 1Mb maximum.
newbie
Activity: 3
Merit: 0
Hey krishna, thanks for your answer buddy. It is really helpful.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
66490 Unconfirmed Transactions
Segwit ain't helping yet.  Imagine that.

Transactions will not become SegWit, they have to be sent like that.
And people (and, more important, businesses) will not migrate to SegWit overnight.
It could take more than a month to start seeing the effects. But the path was opened, and that's important.

Advertising your altcoin doesn't help it much...
full member
Activity: 378
Merit: 101
Yes it is because of the segwit effect that requires block size of up to 4mb, and I think segwit is very needed and it will work, maybe now they still use the average size of 1mb
staff
Activity: 3500
Merit: 6152
if so, why do we need segwitX2? 

We clearly don't need it and BitcoinCash already proves it and with Bitcoin Core not supporting it, I doubt anyone will be using it, but hopefully whoever signed the New york agreement changes his mind, we don't want chaos.
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