Topic: WARNING:network under Massive spam attack. - page 2. (Read 3466 times)

Why do you guys think that this is all a spam attack??

Yes we have to many of unconfirmed txt its been around 150k https://blockchain.info/unconfirmed-transactions . But with higher btc price maybe people just want to be involved in it. I don't believe that this is an spam attack as for it you will need to move coins constantly as it will cost them in fees when it all adds up... From my point of view this is a result when you go for mainstream adoption, btc simply can't work for every people on the planet. With everyone being an _ _ _ _ _ we won't see any improvements in the block size this year which will just fill the network. It is not perfect, it was intended to be a test, we may say that it is somewhat going good for now. But we see the flaws and if you ask me btc won't be the major intenet (digital) currency if we don't see some real development. It's not perfect, we know that. If they don't change block sizes or something else that will make the network being faster and with btc price raising we may only see higher and higher fees, I wouldn't be suprised if the fees went for like 5-10$ in future for a single transaction. We have mssleading here as it is a "digital gold" or an asset rather than "digital currency" , most of the people forgot that it is a currency. I just hope that issue will be solved within next 2 years, if not btc might crush.

Yes we don't like the situation as it is now if this continue it will result bad for btc. As I need to send my transaction for like 1$ or even more to be included in the next block or within 1hour...

Too many new spammers in these days. Did you not think the new adoption will not be affecting anything?

If this pure caused by the spam attack, Some spammers are trying to give a signal about the bitcoin technical problem.

It must be resolved.

New adoption and Spam attack can be a good combination to attacking the network which has limited blocksize.

 

This is getting scary. There's been over 100K unconfirmed transactions for more than 24 hours. When is this going to end? It's also very impressive. I can't believe there's a single attacker behind all this. This got to be a concerted effort with, many, many computers.

I guess BTC needs to protect itself, maybe with a fixed minimal fee, so that spam attack would get more costly.

It's a common occurrence nowadays. People that are used to deal with filled mempools handle it by including a larger fee to avoid getting sucked into something that plays outside their reach.

After this spam attack an even larger one will show up, it's just another day at the beach. Roger Ver will step up his game higher and higher till he can accept that all his efforts go to waste (i.e. he lost the game).

Largest spam attack in history is underway and no one is talking about it?

Indeed, we are always eating attacks ever since the internet was born. And it would be the same as we go along...well can even intensify in the near future as people and technology are getting to be sophisticated and more intelligent. It is easy to blame anyone or to make anyone a suspect but only a god-like mind can tell who can be behind those things and who can be telling the truth. Nothing to worry about.

140,000 unconfirmed transactions and counting, unless we could identify the nodes broadcasting those spams and ban/ignore them nothing will change. more than 13BTC as fees, miners can't include them even if they wanted to.

If we could reject those blocks which intentionally include obvious spam transactions it'd be great.

There are two types of spam txs.

The first is a block attack vector designed to bloat the chain with worthless
data. The 1MB Cap prevents that attack type. The fee market is the
mechanism that prevents this while allowing the network to remain
functioning with that 1 MB Cap.

The second is a fee attack vector designed to bloat the mempool and
increase the fee price. These automated scripts are specifically designed
to create different fee levels, in order to increase the priority fee price.
The lower priority txs will either take many hours to days to confirm or
be dropped after "72 hours". The purpose is to cause pressure for altcoins
that allow for new P&D schemes.

These two attack types can and will exist no matter what the Bitcoin
blocksize is, which is what Hydrogen was alluding to.

This is not entirely true.

When you have blocks that are naturally full of 'real' (non spam) transactions, spam becomes exponentially cheaper.

If you need help understanding this, let me know.

Bigger blocks = bigger spam.

Neither bitcoin unlimited nor larger blocksize could fix this.

Its not a "scaling issue".

It could be better defined as crypto needing to implement forms of DDoS protection.

Thank you for this! The statoshi link is new to me. The graphs above confirm it I guess. This is the highest its ever been. 130k unconfirmed? I can definitely see fees just pumping now, esp as BTC price is stubbornly above $1,500.

You have a good suggestion there..... These wallet providers should do much more than what they are doing now.... A popup notice, when the

Mempool is congested, would go a long way to help noobies adjust their fees. We are seeing a lot of newbies coming to the forum with

unconfirmed transactions for 24 hours and more.... and when you go into the details... you find that the wallet provider has set a "default" fee,

that are ridiculously low... resulting in transactions that might never be confirmed.  

The main reason i would site is that ethereum is centralized and it is just a fuel rather than a currency.Lets take the case when there are as much transaction like we see in the bitcoin network,will they be able to handle everything smoothly and let us not forget about the number of coins premined and for all these reasons i will always have my second thoughts to consider them a real currency .

Edit: @AgentofCoin summed up everything in detail what i was trying trying to tell.cheers mate

ETH is written in a language that allows for too many attack vectors.
Satsohi designed Bitcoin without turning complete for those reasons.
In fact, he disabled many interesting OP Codes to prevent exploits.

ETH is an experiment in contracting devices, not a sound currency.
People who wish to use ETH as a currency is fine, but it is no where
as secure as BTC, since it was not designed to be used a such.

ETH was intended to be a token that fuels contracting computation.
Using ETH as a currency is like to using Skee Ball tickets as currency.
It is possible (fast/cheap/scarce/etc), but is not recommended for
important reasons.

The question is: Should ETH be used as a currency? Not can it.
What is important in cryptocurrency is security, without that,
everything else (fast/cheap/scarce/etc) is an illusion.

They can do the same without spamming the network.It isn't helping anything.Did you notice the sudden price rise in altcoins ? Are they trying to pull bitcoin down ? Nice try to whoever.Attempt was made!

For 100 reasons you probably can assume.Let's start with 1 - > Dump the prices of bitcoin.

Ethereum will collapse as soon as it gets any relevancy. Right now nobody gives a damn about Ethereum for purchases, if someone did care about Ethereum at the level of Bitcoin transactions, the fees would even be higher.

They talk about Casper and sharding which are a scam, and they got the half baked Lightning Network version (Raiden).

Not to mention ETH is a centralized mess powered by Proof of Vitalik.

Looks like LTC will win as the payments coin unless Jihad Wu enables segwit.

tick tock.

I have a transaction I made 24 hours ago and I have no confirmation, First time

Is there any reason it doesn't function well as a currency?  Isn't it fast , cheap, and scarce?

2 possibilities that immediately come to mind.

Someone is trying to crash the market and buy more. This is obvious, Bitcoin is on the rise and some people are bitter they forgot to buy a month ago.
There's some reaction to this and the price has dropped, so the attackers must be proud of themselves.

BU supporters are doing their thing again.

Why don't we split or hope pople will deal more with some other altcoin, this is nuts...

https://blockchain.info/unconfirmed-transactions - 137k with my transaction being somewhere, will be lucky if it confirms in 2 days....

We srsly need SegWit and BU to come together and talk..... This might cause price to dump even...

It's not nice how they are playing with us around and I don't think that is a spam attack as the price of btc is high, more people are getting into btc and transferring funds.