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Topic: What's wrong with Bitcoin? - page 3. (Read 2936 times)

legendary
Activity: 1218
Merit: 1000
February 26, 2017, 03:11:02 AM
#15
Well, I guess Unconfirmed Transactions that occur at this time, still better than yesterday. a few days ago, Unconfirmed Transactions almost reached 90000, and it was really bad. I also do not really know for sure what caused it to happen, but if it happens continuously, maybe it will affect the performance of the fastest transaction bitcoin as a tool on the internet.
full member
Activity: 232
Merit: 100
February 26, 2017, 02:56:46 AM
#14
I think it is not through an attack, because I'm sure that Bitcoin strong defense, most likely this is a large stream of users and the burden on Bitcoin.
legendary
Activity: 3472
Merit: 10611
February 26, 2017, 02:37:00 AM
#13
you should ask what is wrong with people! bitcoin is working as it should be.

on one hand we have developers and the community that can not come to a consensus as to how to solve this prolonged block size debate.

on another hand we have the miners who seems to be more than happy about the current situation with the fee war and enjoying the massive bonus they are getting for free that has made they greedy profit ~8% more

and in the middle of all this we have an entity spamming the network. i don't know what they try to achieve but the only result of this is pissed of users and richer miners and absolutely nothing else.
hero member
Activity: 868
Merit: 535
February 26, 2017, 02:29:21 AM
#12
I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it.

It piles up you know, even with or without an attack upon the blockchain. But regardless, I really do believe we have to do something about the fees and the speed of the transactions. The problem only gets worse and the fees gets more expensive. That's a concern we all have to do something about.
member
Activity: 98
Merit: 10
February 26, 2017, 01:32:51 AM
#11
Well bitcoin maybe would encounter this kind of problems sometimes. This actually happens but it will be stop sooner or later, maybe its because bitcoin become bigger and bigger and more users used bitcoin. Honestly in my opinion this kind of problems is just normal, since it is part of everything, facing problems but we, users can easily find a better solutions to stop the unwanted attacks
legendary
Activity: 2898
Merit: 1823
February 26, 2017, 12:56:07 AM
#10
I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.

You are wrong. It is being spammed until the mem pool is flooded. You also clearly do not know much of what is going on. Try to follow the Twitter accounts of known Bitcoiners like GMaxwell or Peter Todd. Peter Todd tweeted once that the network congestion is unnatural. That it clearly is being spammed by someone or some group. Old Bitcoiners here claim to know who is behind it.
hero member
Activity: 2926
Merit: 722
CoinPoker.com
February 26, 2017, 12:52:20 AM
#9
dude it is over now. the number of unconfirmed transactions have gone down to 6600 today. it was about 100000 a couple of days ago at the peak of the attack.
and nothing is wrong with bitcoin it is healthy and strong and as far as price goes it is rising.
the only thing is a group of people who spam attack for a while and stop then start again in a while and they accomplish nothing apart from raising the fees.

and now that attack has stopped we should stop paying high fees and bring the fee amount down ourselves.
True,bitcoin transaction numbers are now on its normal state on which we dont really need to put high tx fee and should put on the average fee.This spam on network isnt permanent at all because there are days which do we really experience it but miners still do their job anyway.
hero member
Activity: 770
Merit: 500
Bazinga!
February 26, 2017, 12:42:39 AM
#8
dude it is over now. the number of unconfirmed transactions have gone down to 6600 today. it was about 100000 a couple of days ago at the peak of the attack.
and nothing is wrong with bitcoin it is healthy and strong and as far as price goes it is rising.
the only thing is a group of people who spam attack for a while and stop then start again in a while and they accomplish nothing apart from raising the fees.

and now that attack has stopped we should stop paying high fees and bring the fee amount down ourselves.
legendary
Activity: 3374
Merit: 6880
Top Crypto Casino
February 25, 2017, 11:55:54 PM
#7
I had two transactions stuck in the blockchain for >72 hours, and they finally both went through about 2 days ago.  Someone posted some sort of blockchain accelerator in another thread, and I used that.  Don't know if that's the reason my money went through, but probably.

This is why bitcoin is a lousy currency.  If you hold it, you're fine.  Try to buy something with it, as I did, and your order gets delayed for most of the week.  It's complete bullshit, and I'm not using bitcoin to buy anything ever again.  Using my debit card would have been a lot easier.
legendary
Activity: 1302
Merit: 1018
Cashback 15%
February 25, 2017, 11:32:50 PM
#6
I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.
I believe what you say is true. no hacker attacks, it is because the technology can not meet the needs of users, should occur congestion, I always hope it's improved since the first time it appears, however, I have yet to see any yet both good. hope they will have a better measure
Indeed,theres no other attack that directly go inside on bitcoin but we are just experiencing transaction congestion i dont know whats the really reason of this since i dont know where those spam transactions came from which makes too many unconfirmed transactions.
hero member
Activity: 896
Merit: 500
February 25, 2017, 11:21:15 PM
#5
I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.
I believe what you say is true. no hacker attacks, it is because the technology can not meet the needs of users, should occur congestion, I always hope it's improved since the first time it appears, however, I have yet to see any yet both good. hope they will have a better measure
hero member
Activity: 896
Merit: 500
February 25, 2017, 11:18:53 PM
#4
Bitcoin network is attacked? according to you, that means attack of the hackers? I wonder if the transaction is not processed since yesterday is that it? the number of transactions is increasing dramatically, this is so bad. will be a very long time for the transaction to be confirmed. How people can control their network to be attacked? I can not understand it
hero member
Activity: 868
Merit: 535
February 25, 2017, 11:16:04 PM
#3
I don't think this is due to an attack, it's just because of the congestion that is happening due to the volatility that is happening to the prices of bitcoin. It would most likely be over in a few days. This usually happens nowadays since there have been so much users and there are plenty of people using bitcoins. We really need an upgrade to the system though.
hero member
Activity: 2604
Merit: 548
Vave.com - Crypto Casino
February 25, 2017, 10:56:49 PM
#2
If network has encountered heavy attack everything could have got collapsed. More threads have got generated based on the transaction confirmation delay. Users think this transaction confirmation delay a failure in the network. This is not truw, its just a short time impact due to the in expected price movement without the dependence on any factors.
newbie
Activity: 53
Merit: 0
February 25, 2017, 10:40:08 PM
#1
BITCOIN network is under heavy attack.
BITCOIN Payments may be delayd because of this.
We are aware of this and waiting for the attack to be over.
Check the following link as it shows number of unconfirmed transactions in real-time.
https://blockchain.info/unconfirmed-transactions
Again , We know this and waiting for BITCOIN attack to be over.


What's wrong with Bitcoin, Blockchain, ePay? is there who can explain ... thanks.

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