Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19066. (Read 26609395 times)

sr. member
Activity: 294
Merit: 250
Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.

The trusty "2 out of three ain't bad" & "there are worse ways to get raped" combo.
Chances of success 100%.

*as long as I forget that my filthy fiat transactions cost me exactly nothing, as long as I use my high-techy "bovine leather" wallet & newfangled money called cash.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1708
Merit: 1049
Accepting them is indeed free and without fees. Technically speaking, and as far as merchants are concerned (no receiving fees + no chargebacks), it isn't wrong.

Paypal charges you 0.35 + 2-3% for receiving payments.


sr. member
Activity: 294
Merit: 250
Can you believe how many chumps we roped in with false advertising?
...

legendary
Activity: 1708
Merit: 1049
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.

The mempool will continue to have backlogs even with 10mb or 1gb blocks, if there is zero or near-zero cost to broadcast gigabytes of txs.

If miners are clearing them out by including them into the blocks => blockchain bloat.
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).
i give up

you keep believing that on avg blocks are only 50-75% full

This is not a religious issue to involve "beliefs".



All blocks added today and yesterday (including the 1mb one that got orphaned on 401626), divided by their count.

Block data from:

https://blockchain.info/blocks/1457468990441 March 8 - avg 682kb
https://blockchain.info/blocks/1457555390441 March 9 - avg 766kb


0.21KB blocks in there... did the mem pool backlog get cleared for a second?

Actually I counted up to block 401913, so the 0mb block (two blocks later) wasn't in the March 9 average. The next two drop the avg down to 762.
hero member
Activity: 737
Merit: 500

There's no need to make fun of me.  

I am grappling with similar kinds of information as you (the charts on blockchain.info are good), and frequently, I request that if there is other information available, then that information should be provided. If you have some constructive criticism or better information than the charts on blockchain.info, then please provide it.


Sorry for making fun of you (I couldn't resist). But average block size isn't a good metric. Empty blocks (and also soft limits) skew the result a lot, that's the reason why ChartBuddy takes that into account. Also, like in the rush hour, there are particular time windows that traffic spills over, e.g. when only 3 or 4 blocks in an hour are found. So there are isolated periods of delays, and the required fees go up and down with it. On top of that, not all wallets have good fee prediction algorithms (and some don't at all -- I think blockchain.info still uses a flat fee).

All this explains there are some users who have bad experiences, while other don't have any. If I send txs, I use my Mycelium wallet, which works like a breeze. Like you, I never have serious delays. I do sometimes pay high fees, though. My record fee has been 128 sat/B (0.000621 BTC in total) on 21 January.

But that doesn't mean that there's no capacity problem developing. Nor that there are no bad user experiences because of it. And those damage the reputation of Bitcoin. New users have to know too much of the workings of Bitcoin to protect themselves from having a bad experience. About transaction sizes, rate per byte, double checking cointape.com . It's damaging.

Saying "there's no problem (yet) -- so no need to worry" just doesn't cut it. We saw it coming for a year already, it's happening now, and it will get worse.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.

The mempool will continue to have backlogs even with 10mb or 1gb blocks, if there is zero or near-zero cost to broadcast gigabytes of txs.

If miners are clearing them out by including them into the blocks => blockchain bloat.
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).
i give up

you keep believing that on avg blocks are only 50-75% full

This is not a religious issue to involve "beliefs".



All blocks added today and yesterday (including the 1mb one that got orphaned on 401626), divided by their count.

Block data from:

https://blockchain.info/blocks/1457468990441 March 8 - avg 682kb
https://blockchain.info/blocks/1457555390441 March 9 - avg 766kb


0.21KB blocks in there... did the mem pool backlog get cleared for a second?
legendary
Activity: 1708
Merit: 1049
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.

The mempool will continue to have backlogs even with 10mb or 1gb blocks, if there is zero or near-zero cost to broadcast gigabytes of txs.

If miners are clearing them out by including them into the blocks => blockchain bloat.
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).
i give up

you keep believing that on avg blocks are only 50-75% full

This is not a religious issue to involve "beliefs".



All blocks added today and yesterday (including the 1mb one that got orphaned on 401626), divided by their count.

Block data from:

https://blockchain.info/blocks/1457468990441 March 8 - avg 682kb
https://blockchain.info/blocks/1457555390441 March 9 - avg 766kb*

* Up to 401913. It doesn't include the 0mb block in 401915.
sr. member
Activity: 294
Merit: 250
...
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).

Yup. Not getting your tx included ain't the end of the world. Your coin comes back to you in 72 hrs, so you can try again. Or use a sidechain/off-chain payment solution, like Visa or PayPal Smiley
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.

The mempool will continue to have backlogs even with 10mb or 1gb blocks, if there is zero or near-zero cost to broadcast gigabytes of txs.

If miners are clearing them out by including them into the blocks => blockchain bloat.
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).
i give up

you keep believing that on avg blocks are only 50-75% full
legendary
Activity: 1708
Merit: 1049
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.

The mempool will continue to have backlogs even with 10mb or 1gb blocks, if there is zero or near-zero cost to broadcast gigabytes of txs.

If miners are clearing them out by including them into the blocks => blockchain bloat.
If they don't => mempool bloat (much better and controlled situation compared to blockchain bloat).
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
wow biggest block i have ever seen 999.91KB

there 215$ if fees in this block
 a few tx have a fee >2$



oh look i found happen to see an even bigger block today 999.92KB


WOOT i see a 999.98KB block  Grin

top that you core devs, HA in your face.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
if alex throws a grenade at you, pull the pin out and throw it back.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Blocks full = 130mb+ per day (theoretical max 144mb).

look at the mem pool Alex, the answers you seek are in the mem pool.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
I don't see what's wrong with avg blocksize. Should I take specific blocks to illustrate the point? And if so, what would these blocks be? The 0 bytes ones, or the 1000kb ones?

Life Law #1: You either get it or you don't. Strategy: Become one of those who gets it.

Life Law #4: You cannot change what you do not acknowledge.

Never imagined quoting Dr. Phil  Cheesy
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
No spam right now, just normal transactions.  Only 188k tx in last 24hr.

maybe for 24 hrs but the last 30 blocks are full.  The people sending are checking the transaction now.

I thought this was the btc help center.  Am I in the correct place?

Update: They are saying:
We kindly advise that you please allow it some more time to be available.
At least through out the day.

LOL

Stop lying guys, or I'll tell JJG. He has graphs that show blocks are NOT full!

There's no need to make fun of me.  

I am grappling with similar kinds of information as you (the charts on blockchain.info are good), and frequently, I request that if there is other information available, then that information should be provided. If you have some constructive criticism or better information than the charts on blockchain.info, then please provide it.

Regarding "the blocks are fullcalypse" whining, a few weeks ago, I had also done my own experiment to send through three levels of transactions that were around $1 that I published here while blocks were supposedly FULLCALYPSE, and it appears that even if blocks are showing up as nearly full the transactions are going through in relatively reasonable times with low fees (the three low transactions went through in about 1 hour for one with normal fees .0001BTC per kilobyte ($.04), and less than 10 hours for the two others with lower fees $.02 and $.004).
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 722
Merit: 500
Having stuff stored in the most secure ledger in the world is not free, so it should not be free. I felt bad when I sent a few BTC with a 0.001 fee. (No, not because I needed to pay €0.38 - because of the miners.)


I think that says it all


I just wish they would sort the block size and get a workable plan out for all to see

Bitcoin is severely lacking confidence, that could change quickly
legendary
Activity: 1708
Merit: 1049
No spam right now, just normal transactions.  Only 188k tx in last 24hr.

maybe for 24 hrs but the last 30 blocks are full.  The people sending are checking the transaction now.

I thought this was the btc help center.  Am I in the correct place?

Update: They are saying:
We kindly advise that you please allow it some more time to be available.
At least through out the day.

LOL

Stop lying guys, or I'll tell JJG. He has graphs that show blocks are NOT full!

I synced my wallet a couple of hours ago, it was 23h behind. It downloaded 106mb and this includes some overhead.

Blocks full = 130mb+ per day (theoretical max 144mb).
hero member
Activity: 737
Merit: 500
No spam right now, just normal transactions.  Only 188k tx in last 24hr.

maybe for 24 hrs but the last 30 blocks are full.  The people sending are checking the transaction now.

I thought this was the btc help center.  Am I in the correct place?

Update: They are saying:
We kindly advise that you please allow it some more time to be available.
At least through out the day.

LOL

Stop lying guys, or I'll tell JJG. He has graphs that show blocks are NOT full!  Grin

EDIT: smiley
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