74,000 unconfirmed transactions

Oliver Martinez
Oliver Martinez

74,000 unconfirmed transactions and skyrocketing

blockchain.com/btc/unconfirmed-transactions

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Other urls found in this thread:

bitcoinfees.earn.com/

Jonathan Flores
Jonathan Flores

What does it mean

Henry Ross
Henry Ross

Satoshis shotgun

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Camden Mitchell
Camden Mitchell

no mohammed in germamy tier leeching in the new financial system. those who cant afford to pay the toll to utopia may starve to death with their 0 fee tx staying in the mempool forever.

Elijah Perry
Elijah Perry

big if true

Brayden Baker
Brayden Baker

68.6 tx/minute
lmao

Luke Davis
Luke Davis

That means 20 dollars per TX is soon

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Henry Perez
Henry Perez

Tfw When miners are under one people's army.

Carter Johnson
Carter Johnson

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Liam Garcia
Liam Garcia

means people are sending their corn to sell on exchanges,,,,

Josiah Wright
Josiah Wright

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Gavin Evans
Gavin Evans

Look at it go, based Craig blocking up the network with the shotgun

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Isaac Parker
Isaac Parker

Lmao everyone is rushing to cash out while it’s near $12k rather than face another interminable crypto winter

Chase Myers
Chase Myers

Imagine falling for SegWit meme.

Corecucks btfoed tomorrow true bitcoin. Bitcoin SV

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Angel Reed
Angel Reed

It's obviously getting spammed by low sat transactions maliciously, the network usually runs at no more than 10 tps, why the sudden 14x increase?

Thomas Myers
Thomas Myers

reminder

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Ryan James
Ryan James

Satoshis shotgun
Get stiffed

Lincoln Johnson
Lincoln Johnson

That means that we are mooning and we will clear the mempool during the weekend.

Xavier Morales
Xavier Morales

The tx fee peaked at 40 dollars in December 2017 which isn't a meme by any means

Jose Cruz
Jose Cruz

I know I’m not new, I think I paid like $60 or more for one back then

Ayden Richardson
Ayden Richardson

it menas bitcoin is a piece of shit and people should start using BCH

Oliver Bailey
Oliver Bailey

100k eod

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Cooper Lee
Cooper Lee

the market has spoken and you will end on the wrong side of history choking on your bsv bags

Charles Perez
Charles Perez

zoom out dipshit

Dominic Lee
Dominic Lee

Well, at least people are using Bitcoin to transfer value around the world.

Can't say the same for 99% of the shitcoins like VeChink.

Nicholas King
Nicholas King

Yes but there were 400k unconfirmed transactions.

We will be once again at 1sat fee transactions being confirmed by next week.
The difficulty adjustment and yesterday insanity have spammed the mempool.

Go check and you will see most transactions are 1 to 3 sat , people reorganizing their wallets without any worry about the speed that it will take.

Matthew Parker
Matthew Parker

Obviously Boomer coin isn't capable of that. Even wire transfers can be done cheaper and faster.

Jaxson Martin
Jaxson Martin

Very interesting. Price is so fucking high yet there's close to no public interest.
It must be the really big boys. Corporations.

Levi Martinez
Levi Martinez

core cope

Cameron Flores
Cameron Flores

Until 400k we are go for liftoff early next week to surpass the ath.

bullshit.

This big players must be entering we are literally going to 100k before eoy.

Ayden Long
Ayden Long

dude it’s just how bitcoin is
satoshi wanted small blocks himself, check latest video of ivan in tech

Isaac Cook
Isaac Cook

Over 80,000 now

How many transactions fit into a 1mb block?

Ian Butler
Ian Butler

it's not the fucking transactions it's the difficulty adjustment , the difficulty is at an all time high and the hashrate has to catch it to find 6 blocks per hour.

We been having less since the difficulty adjusted a few hours ago.

Also faggots don't use segwit wallets meaning they are overpaying fees like retards and using more space.
6 sat transactions have been confirmed an hour ago and some retard has been paying 5700 sat.

David Bennett
David Bennett

At full segwit we could do 800k tx per day , at current segwit adoption 430k maximum.
So on the average you could expect about 3000tx per block.

Hudson Johnson
Hudson Johnson

go to blockchain explorer and look for yourself retard

Luke Lopez
Luke Lopez

just use segwit lmao

Jaxon Clark
Jaxon Clark

6 sat
If you can wait for 1 week of course

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Hunter Ortiz
Hunter Ortiz

Yes, difficulty adjustment is definitely a part in this. Unconfirmed transactions being high already before the readjustment doesnt help. If the price were to drop lower and thus more hashrate temporarily leaving, would also not help. This is a thing with every longer price correction though.

SegWit adoption has been around 40% for over a year now and isnt moving much. Exchanges say they arent prioritizing implementation, but in reality they have every incentive not to implement SegWit. They want BTC to get clogged so people wont be holding it and instead running towards different alts every other week.

Ethan Jones
Ethan Jones

harmony one already did 118k TPS...aiming for 10mil...amazed that people don't get how big this is

John Price
John Price

Oh fuck off already.
All core had to so is just increase the block size without wiiggling with the protocol by practically destroying it.

Tell me that increasing block size doesn’t solve scaling and I will spit in your face and piss on your grave fucking retard

Jackson Torres
Jackson Torres

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Ethan Cox
Ethan Cox

The problem is exactly that the protocol stays completely unchanged. If it was hardforked, all exchanges would be forced to implement changes and stop clogging up the mempool.

Carson Perry
Carson Perry

random shitcoin can do quadrillion tx/sec, I wonder why people don't care
Because it's not Bitcoin, retard.

Wyatt Gutierrez
Wyatt Gutierrez

Reasonable block size increase would definitely solve scaling. A lot of alts are going in the right direction with this. BTC mempool will on average get worse and worse from here.

There are two ways the mempool issue could resolve:
1) BTC block size gets increased (which will not happen)
2) Interest in making BTC txs dramatically drops. This would also lead to a big price drop. This is what started to clear the mempool in the beginning of 2018.

Kevin Roberts
Kevin Roberts

This is why Ethereum will flip Bitcoin

Enjoy your $20 fees

Asher Nelson
Asher Nelson

What an absolute shitcoin. 2 years and they haven't done shit to take care of this.

BITCOIN? MORE LIKE
SHITCOIN
H
I
T
C
O
I
N

Sebastian Campbell
Sebastian Campbell

literally removes tx signatures calling it segwit
literally removes 0 conf transaction by introducing. RBF
core didnt change protocol lmao

the sooner you realize what bitcoin is the more money you will save

Landon Hall
Landon Hall

5dollas

Brandon Bailey
Brandon Bailey

The problem with bitcoin is that its core protocol is set in stone. Thus, exchanges don't have to implement SegWit, optimize transactions, follow best practices etc. Hey, it's all by the original protocol! For the same reason the block size is not increased, it's "set in stone".

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Cooper Collins
Cooper Collins

OH FUCK WHATS HAPPENING

Gabriel Fisher
Gabriel Fisher

Lightning, liquid, statechains, Schnorr, Taproot. BitcoinSanjeeV can hardfork and cause a massive chain reorg because no one is using it. If that happened on Bitcoin, people would lose their fucking minds. Off chain transactions are the only feasible solution.

Mason Harris
Mason Harris

83,000

Jace Taylor
Jace Taylor

Literally EVERYBODY knows "core" is trash. In what way is BCH worse than core? Answer: none
In what way BCH is better? Answer: a lot
Even pajeet's vision is better than "core".
Lightning Network and segwit are just ways to make fucking money for blockstream. They don't really work. Nobody cares for them.

BTC will keep value anyway for a long time. Eventually it'll get surpassed by something better.

Josiah White
Josiah White

It rocketed upwards from 80k to 85k in massive bursts

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Asher Davis
Asher Davis

opff-chain trasnactions are the only feasible solution
If they were actually good solutions that didn't involve profiting off people? Dude you literally need to pay to use lightning network. It's literally just another organizations of money-grabbing crooks. I don't buy it. LN just sounds like a bank the more I think about it.

Christian Evans
Christian Evans

look at the picture 5 posts behind you
BitMex just burned 100k USD in BTC txs fees

Grayson Hill
Grayson Hill

^This
In the long term, BTC just can't win.
It will be a store of value, yes, but for payments, never.

Something like Harmony or Libra will take over.

Christopher Fisher
Christopher Fisher

bitmex users paid for the transactions, not bitmex themselves

Aiden Green
Aiden Green

bitcoinfees.earn.com/

pay 203 satos/byte and you might not have to wait a week

Charles Robinson
Charles Robinson

What a great system

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Jaxon Thomas
Jaxon Thomas

It means allot of people are trying to get out, and get into Link before the tether Ponzi collapses

Jonathan Russell
Jonathan Russell

blockstream

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Brody Peterson
Brody Peterson

You're thinking of Liquid, which is more of a B2B system (exchange to exchange). Lightning has no fees or any organization.

Logan Cook
Logan Cook

next blocks will get some good tx fee rewards

Cooper Lopez
Cooper Lopez

Lightning has no fees

Grayson Walker
Grayson Walker

The 4th industrial revolution

What a load of absolute horseshit

Jeremiah White
Jeremiah White

will this +50MB even get cleared during the weekend?

Jayden Cruz
Jayden Cruz

BTC NEEDS NANO.

Matthew Sanders
Matthew Sanders

No one will use segwit ever. Imagine having to bother not only learning how to use Bitcoin but also setting up a stupid node that doesn't even work if you are offline.

Jacob Harris
Jacob Harris

88k

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Caleb Johnson
Caleb Johnson

you are confusing lightning and segwit

Anthony Gomez
Anthony Gomez

Have fun protecting your network from inflation with 3 nodes

Fucking newfaggot

Jace Johnson
Jace Johnson

You're confusing Segwit with Lightning, DOLT. Do your homework before posting.

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Juan James
Juan James

Segwit is the retarded protocol, lightning is the implementation of said retarded horseshit.

Fuck off.

Carson Walker
Carson Walker

Fuck you stupid shill

Jordan Nelson
Jordan Nelson

89,000 more furious people on the planet. thanks bitcoin.
imagine being a heroin addict trying to get an order in right now. ooft.

Brody Brown
Brody Brown

Do you retards posting about high fees want a secure network with no inflation or paypal? Fucking christ Jow Forums is full of retarded brainlets. But what do you expect with all the chainlink shills

Henry Bailey
Henry Bailey

over 90,000

Jason Howard
Jason Howard

Bitcoin loses a bunch users every congestion. Eventually some other coin will take over the shitshow

Ryder Robinson
Ryder Robinson

Just look at that chad. He will be the savior with BSV. Everything else is going to end up in the dumpster

Tyler Howard
Tyler Howard

#AltSzn

Gavin King
Gavin King

AHAHAHAHA keep dreaming. Enjoy seeing this shit sub 2k eoy

Jayden James
Jayden James

People know, how to fucking buy bitcoin now - no proof of anything.

Luis Brooks
Luis Brooks

2GB blocks, instant transactions, proveably the way bitcoin was supposed to scale, I'm thinking it's BSV

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Carson Brown
Carson Brown

now is the time to shill that 300kb blocksize decrease soft fork. lets go for $1000 fees on main chain

Asher Stewart
Asher Stewart

Good riddance. Go use paypal. We’ll be waiting for you to fomo back in at $100k

Jackson Davis
Jackson Davis

What will the fees be if BTC is at $100k?
$1000/tx?

Chase Powell
Chase Powell

2GB blocks that won't propagate unless all nodes are in a single data center, insecure 0conf, unproven about anything at all.. What's the point of these talks? Lots of alts address the scalability issue and have a much better branding than "Bitcoin Satoshi Vision the Dragon Logo Coin"

Julian Jenkins
Julian Jenkins

I want a digital currency to cuck the central banks. If I go to the flea market and hand some fucker 20 dollars for his old Elvis boomer record, I don't have to wait 8 hours for the cash to transfer. It will be right in his hand.

Noah Jones
Noah Jones

Dark times indeed

Cooper Watson
Cooper Watson

it means war

Jonathan Richardson
Jonathan Richardson

90k Transactions. $40 meme fees soon. Eventually followed by massive choke and crash. Thank you based corecucks. Another bullrun wasted by nothing more than a small clique of several unfuckable neckbeards. If it wasn't for 50 dollar fees previous bull run wouldn't scare normies and could go to 50k minimum. MINIMUM.

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Thomas Morris
Thomas Morris

You can't cuck the central banks by complaining over whose brand of crypto is more original and correct

Jace Stewart
Jace Stewart

2GB blocks that won't propagate unless all nodes are in a single data center
Not true, big blocks give an actual economic incentive to upgrade infrastructure rather than mine on your raspberry pi, it's not hard you just have to spend money if you want to be competitive

insecure 0conf
That's a myth pushed by BTC'ers who don't understand bitcoin, double spending is impossible with 0conf

unproven about anything at all
Sustained 128mb throughput on main-net is proven

Lots of alts address the scalability issue
Examples?

and have a much better branding
What's better branding than being the actual real bitcoin?

Jayden Scott
Jayden Scott

Use lightning fucking moron

Nicholas Cruz
Nicholas Cruz

Point me to an exchange with lightning support

Jonathan Rodriguez
Jonathan Rodriguez

They should still be low assuming you morons adopt segwit and use lightning for transactions under $1000

Jordan Edwards
Jordan Edwards

Imagine trying to explain BTC to a normal person

Okay this is how you send money
You have to pay a fee
How much is the fee?
about $5-$50, it depends
Where does the money go?
it goes to a miner
What's a miner
it's a guy with a computer who runs the network
Isn't that stealing?

Charles Campbell
Charles Campbell

Is this a word filter or are people just using the word corn.

Kevin Evans
Kevin Evans

point me to a website that streams HD youtube videos in 1992

Blake Torres
Blake Torres

Explaining BSV to a normal person

Okay this is how you send money
You have to pay a fee
How much is the fee?
about $0.005 or half a cent
Okay

Connor Bailey
Connor Bailey

No one mines on rasberries, dumbfuck, all mining pools & mining hubs are basically data centers. It still didn't help with your coin. Just stop your lies, kike. 0conf is completely insecure (unless you have something like Avalanche) and goes against the principles of the blockchain. BSV did not sustain ANYTHING because when it hit 100mb the whole network halted and had multiple reorgs in a row. "Bitcoin Satoshi Vision" with a dragon logo looks and sounds retarded, and you know that it can win the brand war even against NANO-tier altcoins.

Adrian Collins
Adrian Collins

Lightning isn't anything new. It's been under development since 2015.

Ryan Davis
Ryan Davis

And? Get lost brainlet

Charles Watson
Charles Watson

lemme open muh payment channel
If there is more than one step beyond "what's your wallet, oh let me hit send", you've failed already.

John King
John King

corecucks cope itt

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Jeremiah Walker
Jeremiah Walker

If a software is under development for over 4 years while it's still unusable then it's a proven failure.

Camden Bailey
Camden Bailey

Are you accidently admitting lightning adoption will take 17 years? First HD video on youtube was in 2009

No one mines on rasberries, dumbfuck, all mining pools & mining hubs are basically data centers.
It's almost like that hows it's supposed to work

0conf is completely insecure (unless you have something like Avalanche)
Now I'm starting to think you're trolling

and goes against the principles of the blockchain
0conf has been in Bitcoin since the very beginning

BSV did not sustain ANYTHING because when it hit 100mb the whole network halted and had multiple reorgs in a row.
Re-orgs only affect miners, doesn't affect users at all, it's designed to punish lazy miners read the whitepaper

Lucas Perry
Lucas Perry

So go use rodger ver coin then and leave the adults alone faggot

William Turner
William Turner

Cope your fake bitcoin is literally worth $0

Julian Gutierrez
Julian Gutierrez

BSV is worth infinitely more than BTC because it actually works and scales, if it's a low price that's wonderful for us because we will be millionaires

James Nelson
James Nelson

Reorgs do affect users if your network gets hardforked or double-spent, retard. BSV literally halted, yet Calvin Ayre's data centers control most of the hashrate. 0conf was never the original intention of bitcoin because transactions need to be verified, that's the original protocol, cretin. The only way to make it work securely is the BCH way.

Connor Adams
Connor Adams

but I though bitcoins sold for more than $10 000 per?

Eli Thompson
Eli Thompson

The only thing that BSV has up its sleeve is threats and attempts to win the bitcoin brand war with a dragon logo and a retarded name. Tons of altcoins are unironically more scalable and secure.

Aiden Howard
Aiden Howard

Lol

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Kevin Bennett
Kevin Bennett

0conf was never the original intention of bitcoin because transactions need to be verified, that's the original protocol, cretin.

It was literally in the code from day 0, Bitcoin transactions used to be instant and virtually free in the early days before (((Blockstream))) removed it, you would know that if you weren't such a newfag

Why would any sane person complain about the price not being high enough?

Utility.
Scale.
Actual usecases.

Adrian Rivera
Adrian Rivera

Why would any sane person complain about the price not being high enough?
because a normal person is wary of scams on the internet
fwiw I think btc is dogshit

Evan Hernandez
Evan Hernandez

Bitcoin transactions used to be instant WITH confirmations, goddamn retard.

dear goyi-.. I mean, consumers, let me present you the dragon logo of a very true, original bitcoin!

Hudson Flores
Hudson Flores

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David Murphy
David Murphy

I hate 2018 arrivals so damn much.

Bentley Nguyen
Bentley Nguyen

How can you have an instant confirmed transaction unless by pure luck you send it 1ms before a block is found? You're talking absolute nonsense mate

Landon Howard
Landon Howard

this

Dominic Hall
Dominic Hall

The network was small and fast. Everything was basically instant.

Tyler Anderson
Tyler Anderson

You have no idea what you're talking about

Lucas Wood
Lucas Wood

This is from May 2017, I made a screenshot because those fees were absurdly high then.

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Jack Peterson
Jack Peterson

Does btc always dump when the mempool is backed up?

Angel Torres
Angel Torres

You can always try this.

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Ian Scott
Ian Scott

Exchange rate doesn't matter when using it as payment. All prices are denominated in fiat anyway.

Elijah Edwards
Elijah Edwards

dezoom

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Landon Brown
Landon Brown

Bitcoin transactions used to be instant WITH confirmations, goddamn retard.

How fucking stupid are you?

Daniel Ortiz
Daniel Ortiz

the discussion was about selling bsv to a "normal person"
btc is difficult to sell to a "normal person" because it doesn't work
bsv is difficult to sell to a "normal person" because it isn't btc

Justin Reyes
Justin Reyes

It will be a lot more simple when BTC and BCH dies and BSV will be the only BitCoin

Henry Harris
Henry Harris

As people actually begin spending crypto and merchants begin accepting it, they will use whatever has the lowest fees and is instant.

Another coin, not bitcoin, will be the coin of choice for spending and for businesses.

Bitcoin may live in as the “store of value” token simply for being first, but I believe market forces will lead to another currency token that lives along side bitcoin as the preferred token for daily transactions and spending. I like Litecoin and Dash because they have distinct branding, which is important for adoption. I like that Dash is more centralized and run like a business. It should give it a leg up over the others.

Jayden Brooks
Jayden Brooks

The discussion was about sending money and explaining it to a normal person. Stop lying cuck.

Jeremiah Scott
Jeremiah Scott

BTC is not a store of value, when will this retarded meme die? Even as the price is currently crashing people till parrot this dumb narrative.

ITS A SPECULATIVE ASSET, get it through your thick heads.

Austin Smith
Austin Smith

Corecucks BTFO

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Ryan Bell
Ryan Bell

Bch fucked up the protocol, there's even a video of the dev admitting they fucked up bad and that its not bitcoin Anymore.
BSV is what you're looking for.

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Landon Howard
Landon Howard

do you not understand your picture at all?
why are there so many retards in this space

Elijah Hughes
Elijah Hughes

BTC IS DEAD. This is a fucking joke.

Jason Perry
Jason Perry

oh my god please be ironically trolling

Jacob Hernandez
Jacob Hernandez

l-l-lighting network!
it wasnt meant to be used like it was made!

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John Hughes
John Hughes

biz kids are total retards and just looking for a reason to shill their shitcoin lol

Isaac White
Isaac White

this is hardly the first time. people will forget as soon as it works again.

Anthony Thomas
Anthony Thomas

the NANO awakening

Nicholas Johnson
Nicholas Johnson

service provider sends non segwit non batched not efficiently priced transactions
hur bitcoin is stupid too expensive
those service providers won't be in business long lol

Josiah Lee
Josiah Lee

leave

Kayden Price
Kayden Price

ITSSSS
DIGOTAL
GOLDE
DONT SEDN IT
I REPET
DONT SEDN IT
JUST LOOK AT IT
LOKING IS GOOD
LOOK AT YOR COIN
BIG MONE
THANK YOU

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Noah Gonzalez
Noah Gonzalez

LIGHTNING IS THE FUTURE! Every person must have a lightning node, it's simply the best payment technology we have ever come up with!

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Jordan Cox
Jordan Cox

Thank you AXA!

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Jacob Evans
Jacob Evans

Versus BitCoin that scales

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Owen Clark
Owen Clark

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Andrew Myers
Andrew Myers

BTC is not a store of value
name another speculative asset with finite supply.
inb4 they aren't building any more land meme

Joshua Myers
Joshua Myers

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Aiden Collins
Aiden Collins

It's a store of value because of lost coins/key, exiled coins(hack), and suicides. That value is locked in.

Henry Davis
Henry Davis

Boy that lightning network sure is working great after it was announced two years ago.

Jeremiah Harris
Jeremiah Harris

Literally all Segwit does is move the signatures into a separate data structure. It’s still using the current blockchain to transmit transactions.

Lightning is a completely different way to transmit transactions. You do not use a blockchain (except for the initail transaction).

They are different.

Isaiah Butler
Isaiah Butler

Lightning requires segwit to be present to at least give some semblance of trustless and decentralization. Otherwise yes, lightning networks can exist without it but it would naturally require trusting certain institutions, which defeats the literal main purpose of blockchains.

Lightning networks will still result in massive amounts of centralization however so it's still a shit show.

Jaxson Ortiz
Jaxson Ortiz

You can create a digital currency that does that.

You cannot create a decentralized currency that does that. There is an inherent trade off between decentralization and blocksize. The bigger the blocks the less secure the network will be. We must find an appropriate balance between the two if we are going to take on central banks. Too small of block size, the network cannot function. Too large of size, the network can be taken down by them.

Ryan Edwards
Ryan Edwards

Too small of block size, the network cannot function. Too large of size, the network can be taken down by them.
Tell that to Luke, the Blockstream dev who wants to decrease it to 300kb.

Hunter Rogers
Hunter Rogers

bitcoin crashing
people waiting for coins they bought over 24 hours ago

on the bright side, since this is of course merely a market correction, the delay will prevent them from panic selling, and they'll become millionaires

checkmate biz

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Daniel Foster
Daniel Foster

The bigger the blocks the less secure the network will be.

That's not inherently true. The block size at which that starts being true is way beyond the number of transactions today. It's a complete myth that blocks above 1MB will cause any issues except in ASICs (read: centralized) that absolute rely on the blocksize staying 1MB and maybe stupid old computers on dial-up. Even a raspberry pi 3 can handle larger blocks.

Logan Thomas
Logan Thomas

It's bearish again because of incompetent Core developers. "but muh lightning", that shit doesn't work and never will. Nano is to become the new crypto standard.

Nicholas Gomez
Nicholas Gomez

0-conf is not a good idea for the protocol. Instead of having a fee-weighted priority queue (that is the queue is sorted in terms of highest fees get confirmed first), we have a regular queue that is sorted in first-in-first-out order. This makes it difficult for miners to discern fake transactions from real ones. Since bitcoin is permissionless, one could spam thousands of .00000001 btc transactions in order to waste block space. Whether you choose to believe me or not, blockspace is scarce because storage space and bandwidth is scarce. The larger the blocksize, the less secure due to the fewer number of nodes able to keep up.

Jace Mitchell
Jace Mitchell

I am not claiming to know what the blocksize should be. I do not think we should decrease it and I am not sure to what extent we should increase it. What I do know is any upgrade should take a conservative approach to upgrades, or else we might compromise the network. I think satoshis idea of blocksize increases are probably the way to go. That is, set a date far in the future to hardfork and increase the network, and slowly have people switch over to the newer software. You absolutely should not do it over night.
It is true. Any computer has a finite number of resources available. Resources being clock cycles, ram, storage, and bandwidth. Increasing the block size will infact increase the number of clock cycles required to compute blockhashes, bandwidth to transfer blocks, and storage to store them in memory and ram. The higher the block size, the more resources are required for the computer to handle the network. Now a few extra megabytes may not seem like that much. But you have to remember the block size is effectively a rate since blocks are created at a rate of 1 block per 10 minutes. Doubling the block size doubles the amount of resources required per year. The network is already a challenge to sync with the current 1mb block size. Even with a fast computer, verifying the blockchain is extremely slow and can take days. I’m not saying the block size should be the same forever, but this trade off does exist, and should be acknowledged by both sides.

Angel Baker
Angel Baker

I fucked up the storage part. I meant to say increasing the block size decreases the number of blocks that can be stored in ram and it increases the overall blockchain size that can be stored on disk. But you probably knew what I meant.

Levi Gray
Levi Gray

$1,000 fees EOY

B U L L I S H

Jason Mitchell
Jason Mitchell

Utopian thinking

SELL SELL SELL

Tyler James
Tyler James

pay for transaction
spam

Joseph Kelly
Joseph Kelly

This was already done in bitcoin cash. It is still as decentralized, miners support it, users use it.
BTC has been hijacked and decentralization is being used as a weapon against adoption by those that want neither.

Lincoln Gomez
Lincoln Gomez

I am not claiming to know what the blocksize should be.
BCH has been attacked constantly and its 32mb block cap never has been an attack vector.

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Samuel Bell
Samuel Bell

BTC has been hijacked
Fuck Blockstream.

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Jonathan Scott
Jonathan Scott

probably the best indicator for the parabolic top

Kevin James
Kevin James

it's surely just people transferring coins to exchanges for the pump, then back to their wallets after the dump

Christian Jenkins
Christian Jenkins

what if the blocks were much bigger?

Jack Reyes
Jack Reyes

six blocks found in the pasts hour
its the difficulty

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Angel Stewart
Angel Stewart

How many transactions fit into a 1mb block?
~2400 tx per block

Owen Clark
Owen Clark

BCH would be $100k+ if we actually did more than 100 tx/s to need bigger blocks which would increase miner revenue and justify higher investment.

Wyatt Cruz
Wyatt Cruz

Who cares, by the time much bigger blocks will be needed the tech and network will be much better.

Nathaniel Martin
Nathaniel Martin

Also the number of users is finite, also the demand for tx's is finite, so the need for block space isn't infinite. It could converge to say 15MB which will meet demand for many years.

Adrian James
Adrian James

I actually don’t have an issue with bitcoin cash. I am glad it exists as an alternative to bitcoin. That being said, I still think their approach for scaling is not the best. For one, their philosophy revolves around scaling via block size increases, which is not the most optimal solution out there. Raising the blocksize only linearly increases the transaction throughput. You can not rely on just block size increases. Many in the bitcoin cash camp dislike lightning and other off chain solutions, dismissing them as some sort of block stream conspiracy. If bitcoin cash was open to other solutions and solved their transaction maliability problem so they could implement the lightning network, then it could be a real contender if enough people were to adopt it. However, to me it seems most are very myopic, focusing on block size almost religiously. Not to say core is perfect. They’re also myopic in focusing on alternative scaling methods. However, I feel as though alternative scaling methods have more potential.
In the end we need a combination of both to scale, and unfortunately both sides do not fully understand that yet.

Noah Sanders
Noah Sanders

Lightning has no fees or any organization

More like Lightning has no utility or optimization.

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Jack Turner
Jack Turner

Use lightning
You tell'em, user! Are you #wreckless too? I lost like 50 bucks this morning trying to route a payment, but that doesn't matter because its the future!

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Landon Ward
Landon Ward

they're philosophy revolves around fucking brand stealing and using the @bitcoin twitter handle and bitcoin dot com website to fucking trick and mislead people into buying cuck cash when they think they're buying the actual bitcoin

it's fucking disgusting, fuck bcash and fuck slimy little faggot roger ver, he's so autistic without awareness he actually thinks he can pull the wool over people's eyes without everyone seeing it.

Logan Cruz
Logan Cruz

brand stealing
There's nothing more amusing in crypto than watching the boomers who are buying btc like it's some security traded in Wallstreet.

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Dylan Adams
Dylan Adams

instant WITH confirmations

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Nathaniel Howard
Nathaniel Howard

You sir are and idiot :)

Brayden Rivera
Brayden Rivera

LMAO

Gabriel Watson
Gabriel Watson

I mean, yes. But you’ll inevitably get copycats in a world with no copyright. Without copyright, the market must decide which brand is the real version and so far bitcoin is the real version. Could that change? Maybe. Nobody can predict the market. All I know is bitcoin is the real bitcoin in this moment due to the difference in price.

Jayden Gutierrez
Jayden Gutierrez

All I know is bitcoin is the real bitcoin in this moment due to the difference in price.
The market could rule my cat's feces is the real bitcoin. Does it make it any more bitcoin than BTC?

Sebastian Wood
Sebastian Wood

It could but it hasn’t because you would have to convince everyone on the planet to value your cats fecees over the current bitcoin. Make it happen.

Carter Thompson
Carter Thompson

thinking brand matters in a decentralized market where consensus rules all

Bitcoin is allowed to be forked for a reason. The "real Bitcoin" was left a long time ago but people kept the name because they felt it was still accurate enough. Some people disagreed and left to make their own Bitcoin that they agreed was Bitcoin and that's perfectly alright.

If everyone agrees your cat's feces is called Bitcoin then it might as well be. Language is not defined by dictionaries but instead by how people use it.

Jayden Diaz
Jayden Diaz

If everyone agrees your cat's feces is called Bitcoin then it might as well be. Language is not defined by dictionaries but instead by how people use it.
Precisely.

Justin Russell
Justin Russell

the general consensus is btc is bitcoin tho
only like 500 to 2000 people think otherwise which is less than how many believe the earth is flat and way less than how many believe vaccines cause autism.

Joshua Barnes
Joshua Barnes

only like 500 to 2000 people think otherwise

The bitcoin cash subreddit by itself begs to differ having 256.000 members since that's the closest thing I can find to a source on this number you pulled out of your ass.

Jayden Nelson
Jayden Nelson

You have to go back

How many unique people actually post or comment?

Ryder Gutierrez
Ryder Gutierrez

assuming they are actually retards and not just memeing
on the other hand about 2% of adults belive the earth is actually flat.

Bentley Parker
Bentley Parker

btw i was referring to sv cucks not all cashies, seems to me cashies got to terms with them not being the real anything but bcash.

Adrian Cox
Adrian Cox

open you're eye's sheeple.

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Michael Parker
Michael Parker

cashies got to terms with them not being the real anything but bcash

This is why nobody will remember your name.

Jose Flores
Jose Flores

If Bitcoin dies anything Bitcoin dies with it. Doesn't mean Bitcoin will succeed. But stop losing money for god's sake.

Nolan Watson
Nolan Watson

This is why we need to abandon the stupid bitcoin scam and get into ETH/anything that has an actual plan for scaling.

Brayden Johnson
Brayden Johnson

ETH
ETH is PoS and not limited supply. Also it's an order of magnitude more complex. Even a scam like LTC will be more useful than ETH.

Xavier Jones
Xavier Jones

CURRENCY OF THE FUTURE

Jaxson Williams
Jaxson Williams

Try running a full node. Cryptokitties was able to DDOS it. Pathetic.

Aiden Gomez
Aiden Gomez

i wonder if there's a market for a hotel chain which opens solely next door to retailers which accept bitcoin payments

Juan Johnson
Juan Johnson

When you pay $5.40 more for coffee than everyone else what you're really paying for is the security and hashrate behind that transaction. You can drink that coffee knowing the merchant won't get ripped off and that $5.40 helps pay for a miner who's barely breaking even.

When any new user is introduced to Bitcoin and they see this $5.40 fee, they too will understand in time that the fee is a must have for security and that there is no other way to secure the network. In time users will drop Venmo or Apple Pay almost immediately so they can send money to each other for a low, low cost of $5.40. People will start running LN nodes and Bitcoin nodes and next thing you know Bitcoin will be mainstream. Just give it 18 months.

Angel Bennett
Angel Bennett

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Ethan Moore
Ethan Moore

If only there was a bitcoin with gigabyte size Blocks that allows for cheap instantaneous transactions...

Caleb Johnson
Caleb Johnson

completely controlled by a shadowy cabal of hucksters

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