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whats up w/ blockchain this morning?
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macbSBR High Roller
- 08-01-10
- 128
#1whats up w/ blockchain this morning?Tags: None -
5mike5SBR Aristocracy
- 09-21-11
- 52141
#2Working fine for meComment -
littlekonaSBR Hall of Famer
- 11-19-15
- 5261
#3network must be backed up as I sent with appropriate fee normally confirms in less then 30 mins today is going on 2 hours+ so farComment -
themike78SBR MVP
- 07-01-13
- 4883
#4There was like 80000 unconfirmed transactions today. Normally it's like 2000. I think that's why, my past 2 transactions took 16 hours to confirm. I though they were supposed to fix this crap. Bitcoin sucks.Originally posted by littlekonanetwork must be backed up as I sent with appropriate fee normally confirms in less then 30 mins today is going on 2 hours+ so farComment -
mrpapageorgioSBR MVP
- 09-07-17
- 2974
#5I think we're seeing a high volume of transactions the last couple of days because of the sudden spike in price and because of the upcoming fork.Originally posted by themike78There was like 80000 unconfirmed transactions today. Normally it's like 2000. I think that's why, my past 2 transactions took 16 hours to confirm. I though they were supposed to fix this crap. Bitcoin sucks.
The fork in November is supposed to double the size of the block to 2MB, but there's a lot of groups protesting the increase with the main claim being that it'll be more expensive to maintain the ledger since it'll require more storage with the doubling in size of each block.Comment -
themike78SBR MVP
- 07-01-13
- 4883
#6Yeah I hear you. All the traders are moving money around today. My problem is though this last fork they did was supposed to fix all the congestion and make transactions quicker. Apparently it didn't work out too well. Bitcoin has a long way to go if they want to compete with debit cards which can handle tens of millions transactions a day instantly.Originally posted by mrpapageorgioI think we're seeing a high volume of transactions the last couple of days because of the sudden spike in price and because of the upcoming fork.Comment -
OptionalAdministrator
- 06-10-10
- 62172
#7+1Originally posted by themike78Yeah I hear you. All the traders are moving money around today. My problem is though this last fork they did was supposed to fix all the congestion and make transactions quicker. Apparently it didn't work out too well. Bitcoin has a long way to go if they want to compete with debit cards which can handle tens of millions transactions a day instantly.
Most disappointing we are dealing with this crap again.
My guess is it that is manipulation by miners rather than simple tx volume though.
I am about done with these Bitcoin core dweebs now myself.
Bring on Ether or something like that as the default crypto ASAP. Something that is more about providing a service to users than providing a game for egotistical developers..Comment -
mrpapageorgioSBR MVP
- 09-07-17
- 2974
#8DuplicateComment -
TheDempsterSBR High Roller- 06-27-17
- 147
#9+++++
Originally posted by Optional+1
Most disappointing we are dealing with this crap again.
My guess is it that is manipulation by miners rather than simple tx volume though.
I am about done with these Bitcoin core dweebs now myself.
Bring on Ether or something like that as the default crypto ASAP. Something that is more about providing a service to users than providing a game for egotistical developers.Comment -
MeanPeopleSuckSBR Wise Guy
- 04-29-17
- 950
#10As a member in good standing of the Bitcoin Unlimited movement it breaks my heart to say this, but SegWit did work. If massively reduced fees and wait times for normal days, but it just can't handle days when volume jumps tenfold, like the last two days.Originally posted by themike78Yeah I hear you. All the traders are moving money around today. My problem is though this last fork they did was supposed to fix all the congestion and make transactions quicker. Apparently it didn't work out too well. Bitcoin has a long way to go if they want to compete with debit cards which can handle tens of millions transactions a day instantly.
What COULD handle days w/ even tenfold jumps in traffic? Hmmm, perhaps unlimited block sizes........Comment -
MeanPeopleSuckSBR Wise Guy
- 04-29-17
- 950
#11Don't listen to it. That's just BTC core propaganda. Notice that the ONLY mining consortiums saying that are those that oppose ANY block size increase -- basically a reforming of the enemy camp from the civil war.Originally posted by mrpapageorgioThe fork in November is supposed to double the size of the block to 2MB, but there's a lot of groups protesting the increase with the main claim being that it'll be more expensive to maintain the ledger since it'll require more storage with the doubling in size of each block.Comment -
mrpapageorgioSBR MVP
- 09-07-17
- 2974
#12Never said it was valid, just said that's what they're claiming.Originally posted by MeanPeopleSuckDon't listen to it. That's just BTC core propaganda. Notice that the ONLY mining consortiums saying that are those that oppose ANY block size increase -- basically a reforming of the enemy camp from the civil war.Comment
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