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Topic: this is what will Kill bitcoin. - page 4. (Read 1789 times)

legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
November 25, 2017, 06:18:46 PM
#28
The old multibit wallet was not programed to handle transaction fees dynamicly. It has a hard cap which is very out of date. The private key should have been exported but that's not implying bircoin would die. It's mostly incompetence.
full member
Activity: 532
Merit: 102
November 25, 2017, 06:18:19 PM
#27
Exodus said fees last week was $25.  to $100..  If only the rich can move bitcoins.  You can Kiss it goodbye.  That was the whole idea was little to no Fees.
That's why it's better to hold it--and I realize how stupid it sounds, but it's true.  Bitcoin sucks ass as a currency right now.  It's much better as a store of value, and even more so for the rich, that's true.

Everyone who's ever owned bitcoin knows the wait times and fees suck, and yet the market is still giving it a higher value.  That should tell you something about bitcoin "gettting killed".  It ain't, not by a long shot.  Me, I'm a-holding mine for now.

  I'm holding also. but my coin is in a bad wallet from 2013 and a failing computer.
sr. member
Activity: 350
Merit: 250
This account was recently hacked
November 25, 2017, 06:15:12 PM
#26
Wow i never thought that it was going to see one of those posts again. But why did you sent that amount of money using a multibit wallet? the last update that this wallet had was on 2015. It is very risky to use this because it does not even have segwit activated (it means that regular fees are a little bit more expensive)
But no, it was not your fault, but the regular fees are more than $5, and 13 days ago the fees were much more expensive than right now.

Yep, there is a guy in this forum called CoolWave, he can just acelerate your transaction for free, he acelerated a lot of mine transactions.
full member
Activity: 532
Merit: 102
November 25, 2017, 06:15:01 PM
#25
If you would post the transaction ID one of us may be able to push the transaction for you. Also recommend you stop using that POS outdated Multibit wallet. Between Multibit and blockchain.info we get more complaints about stuck transactions than any other wallets.
I'm trying to but my desktop is failing bad.
donator
Activity: 1617
Merit: 1012
November 25, 2017, 06:11:42 PM
#24
80 cents you put on the fee? That is way too low my friend I put a transaction through last week that cost I think 10-15$ it was shitty but it had to be done. Granted I agree with you the fees should be drastically lower!
the wallet set the fee. I would gladly pay more.

You should have exported the private key from Multibit and imported it into a more modern wallet. You could also have tried the last release of Multibit Classic.
full member
Activity: 532
Merit: 102
November 25, 2017, 06:08:50 PM
#23
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

Have you tried any of the free acceletarion services like viaBTC?
  No, but I will Now.
full member
Activity: 532
Merit: 102
November 25, 2017, 06:07:41 PM
#22
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

First, you are using a very outdated software and fee estimations of even the latest Bitcoin wallets are pretty bad, so in order to use Bitcoin correctly you have to check manually the current network fees.
Multibit also stop being supported around half a year ago, so you really should have imported your seed to a better wallet. Basically, in Bitcoin it's always the best to make your research first how to do everything properly and only then starting using it - there are many things that can go wrong.
Sooner or later your transaction will get confirmed, so you shouldn't worry that it will be lost. Also, transactions are processed by their fee/byte so it's hard to tell whether your "$.81" was enough or not - if you had many inputs than you might be close to something like 1 satoshi/byte and you'll have to wait really long.
I spent 4 months trying to get the wallet to show my .77 of a bitcoin.  I'm just trying to get it in a better wallet.
member
Activity: 120
Merit: 11
November 25, 2017, 06:04:37 PM
#21
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

Have you tried any of the free acceletarion services like viaBTC?
full member
Activity: 532
Merit: 102
November 25, 2017, 06:03:49 PM
#20
80 cents you put on the fee? That is way too low my friend I put a transaction through last week that cost I think 10-15$ it was shitty but it had to be done. Granted I agree with you the fees should be drastically lower!
the wallet set the fee. I would gladly pay more.
legendary
Activity: 3038
Merit: 2162
November 25, 2017, 06:02:14 PM
#19
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

First, you are using a very outdated software and fee estimations of even the latest Bitcoin wallets are pretty bad, so in order to use Bitcoin correctly you have to check manually the current network fees.
Multibit also stop being supported around half a year ago, so you really should have imported your seed to a better wallet. Basically, in Bitcoin it's always the best to make your research first how to do everything properly and only then starting using it - there are many things that can go wrong.
Sooner or later your transaction will get confirmed, so you shouldn't worry that it will be lost. Also, transactions are processed by their fee/byte so it's hard to tell whether your "$.81" was enough or not - if you had many inputs than you might be close to something like 1 satoshi/byte and you'll have to wait really long.
hero member
Activity: 2562
Merit: 577
November 25, 2017, 05:57:37 PM
#18
It is your fault, you are the only one who is dumb as hell, it is not bitcoin's fault.

You said that you sent that money about 13 days ago, it was on november 12th. You should know that the network was very congestionated by that date. And the minimum fee was $25 or $30

Now it is your fault, you putted $0,80 fee, what were you thinking about when you paid that fee?

Go to the services section, ask for one of those guys who are accelerating transactions to accelerate yours, it is not difficult, you will have to pay a fee of $5 to them.
full member
Activity: 952
Merit: 104
November 25, 2017, 05:55:44 PM
#17
Exodus said fees last week was $25.  to $100..  If only the rich can move bitcoins.  You can Kiss it goodbye.  That was the whole idea was little to no Fees.


so far i can't experience about the trouble for any transactions, i think you're correct mate fee exact amount for faster transaction on my expereince every time isent bitcoin to transfer into another wallet i fee fair depending how much the transaction fees regarding the amount sending into receiver to avoid trouble.
member
Activity: 273
Merit: 18
November 25, 2017, 05:55:03 PM
#16
that a pity, man.. but we all have to get used to the idea that bitcoin became the store of value rather than mean of payment.. don't move it! Grin

And that is why fax machines are worth so much more these days then when they had a practical use.
member
Activity: 280
Merit: 16
November 25, 2017, 05:53:02 PM
#15
haha, 11 days ago i paid fee of 0.01 btc to send 0.08  btc to bittrex, i couldnt wait, so i had to do it. So, 13% fee Grin  that's big problem of bitcoin.
member
Activity: 413
Merit: 10
● KEEP CALM & HODL ●
November 25, 2017, 05:52:23 PM
#14
Yes, this should be a good discussion on bitcoin transaction fee, although it is true that "low fee", but provided nobody is bidding the transasction fee. So, alt coin will replace bitcoin sooner or later if high transasction fee does not solve.

I agree with your restrictions, although transaction costs are low, it could be that alt coins can replace bitcoins sooner or later, hopefully
legendary
Activity: 1148
Merit: 1048
November 25, 2017, 05:48:16 PM
#13
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

actually, you can pay an additional fee. please see here:

https://www.viabtc.com/tools/txaccelerator/

additionally, there are a few wallets that have the Opt-in Replace-by-fee function. This lets you re-send the same transaction, but with a higher fee. To my knowledge, GreenAddress and Electrum do this only.

and finally, if you a re savvy enough you can simply rebroadcast the transaction with a higher fee. This is a full replace-by-fee, and some pools process these transactions with priority (as the fees are usually superior, the user is obviously in a rush). you are essentially double spending, but its ok because no one is getting ripped off.

Or, you can always wait LOL. but at this point, the tx might fall out of the mempool; you may have these coins back in your wallet sooner than you know Wink
hero member
Activity: 2184
Merit: 531
November 25, 2017, 05:44:03 PM
#12
2 computers sitting side by side.  I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed  I can't add money to the fee in 2013 wallet. so fee shows $.81.  so network won't send it though.  In 13 DAYS it has seen 22 peers. I would pay more fee if I could.  13 Days ! Really!  Get your sh** to gather.  This will Kill Bitcoin! Cry

It won't kill Bitcoin but it might kill the 2013 wallet Cheesy
Really man why did you send anything without updating your wallet, especially when you saw that it doesn't allow you to set the fees right?
It's like you started complaining on a windows forum that your win 3.1 has no support...
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
November 25, 2017, 05:43:50 PM
#11
Exodus said fees last week was $25.  to $100..  If only the rich can move bitcoins.  You can Kiss it goodbye.  That was the whole idea was little to no Fees.
That's why it's better to hold it--and I realize how stupid it sounds, but it's true.  Bitcoin sucks ass as a currency right now.  It's much better as a store of value, and even more so for the rich, that's true.

Everyone who's ever owned bitcoin knows the wait times and fees suck, and yet the market is still giving it a higher value.  That should tell you something about bitcoin "gettting killed".  It ain't, not by a long shot.  Me, I'm a-holding mine for now.
legendary
Activity: 1806
Merit: 1164
November 25, 2017, 05:43:40 PM
#10
If you would post the transaction ID one of us may be able to push the transaction for you. Also recommend you stop using that POS outdated Multibit wallet. Between Multibit and blockchain.info we get more complaints about stuck transactions than any other wallets.
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
November 25, 2017, 05:39:20 PM
#9
80 cents you put on the fee? That is way too low my friend I put a transaction through last week that cost I think 10-15$ it was shitty but it had to be done. Granted I agree with you the fees should be drastically lower!
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