Topic: This just in: Roger Ver can't even transact bitcoin properly - page 3. (Read 2919 times)

Persona non grata who shares your insidious Anti-Bitcoin agenda is "pissed"? Come on now No-one cares

...gonna be some FIREWORKS about this one...

it is deterring people, even roger ver is getting pissed off by it..

Franky, the multiplying cost of use is clearly deterring no-one: to wit, unprecedented transaction volumes yesterday, hitting a sustained 270,000 per 24 hour average for much of the day.

Your argument is garbage, demand is increasing ("therefore, bigblocks-I'm-a-massiveAnti-Bitcoin shill", yeah we know already Franky)

lemming your argument about scarce resources actually validates my point.. if fee's continue to rise then its not as scarce to the pools because they are being handed old coins from customers so there is no need to try pushing their fresh coins to be sold at a premium because they are handed lots of old coins to mix together..

imagine it. someone is mining gold and he knows he can only dig 25 ounces.. but has $11,250 of costs that day.. instead of the easy maths of 25 ounces for $11,250.. lots of people hand him 2000 x 0.0005 meaning he now has 26 ounces.. so he can sell the 26 ounces for $432 each instead of $450+

and if users are being deterred from using it because the price of use has gone up 10 fold but the potential investment profit has only gone up 2 fold. then less people will want to use it, meaning less demand to grab new coins. thus the supply/demand game has now changed. less demand, = stagnant prices.

fee's should not be an essential part of pool income for decades it should be thought of as just a small bonus, but if it were to be pushed today. id rather see it being pushed with more capacity to keep the user cost down while allowing more users.. to keep to a nice bonus.. rather then keeping capacity low to force the price up

Nope, there has always been barriers and controls in Bitcoin, your observations are incorrect and have never been the case at any time in the past.

Because scarce resources. Scarce resources are valuable. Abundant ones aren't. No barriers or controls would confer abundance. Your idea(s) is/are idiotic.

I'm not surprised by this at all. At least he was finally caught.

No, don't justify his actions. He was clearly trying to promote big blocks (i.e. Classic) even though he can't use Bitcoin properly himself.

He should have lost his credibility the day that he had vouched for Mt.Gox solvency.

the point is that miners are suppose to allow a certain amount of "free" transactions and then have some space for priority transactions.

its like planes and trains. they have firstclass section and economy section.

the issue is that the first class section is now estimating at 0.00050000 for a KB tx, and the amount of transactions that are not including fee's are more then the economy section can handle. so much so that people can be waiting 12 hours +.

fee's are not essential to pools right now.
While the blockreward still exists and will continue to exist for decades, using fee's as a subsidy for their income instead of a bonus undermines the value of bitcoin, because it no longer helps push a price war for the bitcoin market price and instead starts costing users more to transact.

having the market price stagnant while increasing the cost of use is going to deter people from using it.
yet many people say its a good thing because bitcoin should be prioritizing "those that really need to use it" vs "those that dont mind waiting".(bad philosophy)

but bitcoin is suppose to be for everyone, with no barriers and no controls.

so in the last 12 months alone bitcoin average tx fee for 1kb tx has gone from 2.5cents to 22.5cents (0.0001 @ $250 vs 0.0005 @ $450)

so i think the point roger verr might be eluding to is an analogy like this:

a few years ago you can get on a train any time you like and be at your destination in 10 minutes virtually free
last year you can arrive at the train station and pay 2cents to get to your destination in 10 minutes or wait on the platform to get to your destination in a hour virtually free

this year your paying 22cents BUT without the guarantee of getting to your destination within 10 minutes and if you want one of the free seats.. well i hope you brought your sleeping bag and a couple packed lunches, because your going to be waiting on the station platform for a long time.

bitcoin has lost its 2009-2013 vision

Guy guys guys! Roger is such a big hero, he went to prison for selling time-expired fireworks lol. Firework freedom FTW!


How about..... Roger False! Or Roger Faux! Roger Fawkes!!!! Ah, the gift that keeps on giving....

No he did this on purpose.He thinks we are dumb.
This guy is losing all the rest of his credibility if you ask me.
I really liked him in the past and what he has done for the community, but now with this crazy "bigger blocks now" crap attempts together with Marshall Long , GA and all the other crooks he becomes more and more ridiculous.

Because it's not alcohol that makes him incompotent, it's himself lol. He is so stubborn about block size that he sees problems everywhere
else but in himself. TBH, i really don't even see the point of listening to what he is saying, he lost his credibility long time ago.

Roger Ver: Bitcoin Judas

I experienced that as well. it is indeed frustrating though and it always happen when you needed the transaction to push through to make the deal as quick as possible. Still its funny, I just don't expect someone who had been into bitcoin for so long still committed such mistake.

He is probably under the influence and will more than likely regret his public display of incompetence when he comes down from his intoxication.  ROTFLMAO  I'm just glad it's not me this time!

Then why would he go out and complain publicly on twitter after 12 hours?

He was probably drunk or something....Those type of things are a little more than oversite.  No sober bitcoiner could be that incompetent....could they???  If this type of competency is standard, then weeeee I'm ahead of the curve for a change!

On two geographically separated nodes.


2016-04-29 12:17:38.592289 got inv: tx 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a  new peer=47
2016-04-29 12:17:38.592342 askfor tx 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a  0 (00:00:00) peer=47
2016-04-29 12:17:38.741549 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a from peer=47 was not accepted: mempool min fee not met, 0 < 306 (code 66)


2016-04-29 12:17:38.692177 got inv: tx 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a  new peer=8180
2016-04-29 12:17:38.692226 askfor tx 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a  0 (00:00:00) peer=8180
2016-04-29 12:17:38.887028 566f0c015a25adf9a29452b29ae7959013b53cc9091566026b14e35ea30ecf8a from peer=8180 was not accepted: mempool min fee not met, 0 < 326 (code 66)

(Timestamps are UTC)

Because the fee was so low it was instantly dropped-- the Bitcoin Core 0.13 CPFP wouldn't have helped.

He used the same input as a previous tx with no miner fee attached.
So either he is trying to double spend or doesn't realize his inputs are tied up in a previous tx.
Here is the txid: https://blockchain.info/en/tx/e14e2a292ed816ecbdf04b4a2a1e7008ffdbfc1e4e818a94af1b0c2680322780

Edit:
Here is the tx, as it looked at the time: http://i.imgur.com/Tv4zga7.png
Here are the other txs, as it looked at the time: http://i.imgur.com/N2f42rl.png

https://twitter.com/rogerkver/status/726169695880134660/photo/1

Roger Ver posted a censored image of a blockchain.info screenshot of what he claims to be a transaction of his, complaining about the block size and how his transaction can't confirm. Not only did he try to censor information of that transaction for privacy after having it relayed to hundreds of nodes, but he also overlooks the fact that he tried to spend an unconfirmed input (and didn't didn't even add proper high priority fees) before complaining about the block size. Bigger blocks won't solve incompetence.

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