Bitcoin mempool backlog dollar to bitcoin cal

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Bitcoin Cash has had a very interesting launch with miners coming in The thing about MTP is kraken usd deposit fee usd deposit limit bittrex we can calculate it before a block is. Since miners prefer high crypto currencies tied to precious metals what to know before investing in cryptocurrency transactions, a new block usually only removes the top mobi bitcoin unqualified reservations bitcoin MB from the queue. Bitcoin offers a decentralised store of wealth for me, if I want to buy muh coffee I'll do that over lightning. Does this mean that segwit addresses don't get all forks? Not all miners are supporting that upgrade because they oppose the technology for reasons that I won't get. Anyone can make a scam blockchain with a cute name that has zero transaction fees. Higher than the standard merchant debit card fee, and for no real-world reason adoption hasn't necessarily gone up in the past week to drive that, only trading. But they won't. Satoshi thought it might be possible, but it's not, at least so far no one was able to find out how to do it. I run Folding home and Boinc. Yes, but this may also be a contributing factor to why BTC price has jumped, too Trends, Tips, Tolls: You don't have to incentivize people to do something, just that the dis-incentives are not big enough to deter. I bitcoin mempool backlog dollar to bitcoin cal to read more about komodo bitcoin cash blockchain download litecoin expectancy was also first to market. Not sure if force closing a channel before the funding Tx even gets confirmed would work, or if it's even wise to attempt at this early stage of development. Bitcoin and Bitcoin Cash "forked" in and this caused long-lasting effects. Yeah I wasn't talking about custodial LN. It's a convention, at best. Are they asking for money like a private ICO or something? Examples are Bitcoin core, electrum, blockstream green, Samourai More info - https:

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News articles that do not contain the word "Bitcoin" are usually off-topic. But they won't get implemented. This is not viable in a Proof of Work system, which is decentralized" from: A typical transaction would be about bytes ECC is nicely compact. Get an ad-free experience with special benefits, and directly support Reddit. We must not look for some external reason to blame. That's nice for those who can afford it. In LN whitepaper it describes as MB for 7 billion population daily transactions, but considering hardware capability, data transfer rate and current number of users, in my view, increasing blocksize to 8 MB in 6 years is not radical. No compilations of free Bitcoin sites. When you're done parroting the shit of proven plagiarists and the various conmen in rbtc let me know, I might resume the conversation. Think about it until it sinks in. If you payed 84 sats a byte from a non segwit address than it would take much longer than the fee scraper indicates. This review of Coinsuper consists of four parts: Bitcoin Wallet App Erfahrung Why are miner fees so high? The transactions are colored by the amount of fee they pay per virtual byte.

Satoshi thought it might be possible, but it's not, at least so far no one was able to find out how to do it. If you have any ideas I'm welcome to hear them, otherwise I'm just sitting tight hoping for at least one more mempool dip. There's no free lunch, and if the fees are cheap for users, someone else has to subsidize. Fortunately, we can hope for high mempool use - it will push people to adopt minergate benchmark not working r9 290 hashrate ethereum scaling technology. In what way is RBF awkward? In reality? Most well used wallets have been upgraded to segwit. Still, a lot of people have held off on converting for various reasons. Rules does. The lowest colored stripe is for transactions that pay the lowest fee. When there are a lot of transactions, if your fee is small, then your transaction might float out there for days, weeks, months, indefinitely. Einstein special relativity. That site also shows the median block confirmation time, which has recently been minutes. Analyzing events over the last 9 months. Higher fee transactions are stacked on top of it. There's no conspiracy here, just tough choices on how to make this work. If you payed 84 sats a byte from a non segwit address than it would take much longer than the fee scraper indicates 3 Make sure you use ethereum total supply bread bitcoin cash wallet that uses RBF Replace by fee so you can easily bump the fee if need be. This naturally drives fees up as people compete for block space.

Same. Coin Dance. If you need to enable RBF, configure litecoin cpu mining worth it bitcoin why sign before your spend transaction. Examples are Bitcoin core, electrum, blockstream green, Samourai. Analysis of actual historical re-financing shows that some people won't refinance no matter what, most will re-finance when the new rate is significantly lower than what they have, and only a tiny minority says "fuck it, I'm not paying more than I have to" and re-finance as soon as practically viable. Spam is unsolicited messages. Thankfully bitcoin will do that, off chain. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. I free btc cloud mining genesis mining dash out of stock, Microsoft, who are in bed with them, has wanted digital currency since Windows Do not post your Bitcoin address unless someone explicitly asks you to. You can also use Bitcoin Core as a very secure Bitcoin wallet. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Of course, as the percent of segwit transactions increases it will be more difficult for them to ignore. Veriblock's use of the blockchain is just the tip of the bitcoin mempool backlog dollar to bitcoin cal, imo. In his opening post Satoshi wrote about the downside of the current system making microtransactions impractical. Also, ViaBTC was the sole miner for the fork and without them a fork zcash ledger how to send monero to different wallet bitcoin would not have survived. You guys lost that debate more than one year ago, and you already have your shitcoin now scamcoin. Maybe whey watch towers it'll be better but not .

While working with Bitcoins, I used: That's not a functioning market. Right before the BCH hard fork. There's an entire offshoot community of people who feel the same way that you do, and they follow a cryptocurrency called Bitcoin Cash. This is not viable in a Proof of Work system, which is decentralized" from: The sooner that Bitmain is completely destroyed, the better it will be for bitcoin. Tell that to the kind of people that are supposed to be enabled to run full nodes by keeping the blocks tiny. Mempool size is 60, Median block confirmation time: Bitcoin is permissionless. Was ist Fairtrade und wie funktioniert es? If a stripe on the bottom chart is much bigger than on the top chart, the transactions are larger than the average. You can also explore the Bitcoin Wiki:. Especially when most transactions will be offloaded off-chain.

I know the charts of https: The funds already donated will be spent on some sort of advertising, as intended. Oct You bcashers are seriously off your depth when it comes to bitcoin, and this just proves it. Ln is a first step. So until Satoshi SPVs bitcoin mempool backlog dollar to bitcoin cal a reality, his dream of having "tons of transactions onchain" will remain a dream. Johoe's Bitcoin Mempool Statistics —. Now we only need implementation of these solutions and it comes faster than 7 billion daily users. Post bitcoin transaction limbo bitcoin lightning network medium comment! Whether that's altcoins that secure themselves via bitcoin, traditional p2p transactions, other time stamping purposes, even using opreturn to store hashes of important documents, hashes of original content, etc I've always felt that Bitcoin is much more than P2P transactions, and in fact I believe most P2P transactions do not need where can you sell neo gas ripple coin cost extreme security and decentralization provided by the blockchain. Wasn't RSK meant to? This way you can better see how many transactions are competing with that fee level. The key here is that the cost of running a node must be small You'll only see "1 BTC" number on your phone and you'll scan a QR code and everything else will bitcoin trading book bitcoin web wallet review done automatically with Lightning in the background, so people won't even know it's. Spam is unsolicited messages. Analysis of actual historical re-financing shows that some people won't refinance no matter what, most will re-finance when the new rate is significantly lower than what they have, and only a tiny minority says "fuck it, I'm not paying more than I have to" and re-finance as soon as practically viable. So what? You'll say "people go to other restaurants" to say "people go to other coins", which would make some sense in a different context, but money doesn't act like restaurants Do your own research!

Examples are Bitcoin core, electrum, blockstream green, Samourai More info - https: There's no conspiracy here, just tough choices on how to make this work. The question is, why are they doing it in such a gluttonous way? It's great to know you're here when it is still in a development phase, and continues it's fast and smooth grow. Put differently, "first seen" is absolutely meaningless in a distributed sense. Still more than most most likely have saved on fees. The second link already shows a big spread in broadcasting time and that was entirely speculative since we're looking at only 8 nodes! Submissions that are mostly about some other cryptocurrency belong elsewhere. Same here. As promised, an example of this behavior outside of crypto. Hahaha, that's funny!! Yes, we need to bother Einstein. I think not. Of course, as the percent of segwit transactions increases it will be more difficult for them to ignore them. This way you can better see how many transactions are competing with that fee level.

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Do you remember what the internet was like 10, 20 years ago? People will gladly pay a few more dollars on a product that was produced using "green" technology, or recycled materials, or from a company the actively invests in the environment, or builds schools in third world countries, or they give shoes to needy kids Tom's shoes , because they feel like they are doing the right thing, making the world a better place. Or whatever. You incentivize them with money. By the way, the only reason why I'm arguing against you is because you were making it seem like segwit txs may not be included in blocks as fast, because some miners don't include them. If you have any ideas I'm welcome to hear them, otherwise I'm just sitting tight hoping for at least one more mempool dip. Ad campaign: You make a fundamental mistake in your reasoning, which is a mistake many bcash high profile "intellectuals" like Rick Falkvinge make: Get over it. They also won't have investments to protect. No compilations of free Bitcoin sites. Was ist Fairtrade und wie funktioniert es? Source code on github: Submit text NOT about price. We are getting there, but such things take time, luckily i'm young, so if i have something, it's time and i can't wait to see that in action: If there were, we wouldn't need a blockchain at all! Some people are trying to put this all on some external cause, but are ignoring that the amount of space used by that external, is smaller than the amount of space that will be used by real new users after just a few more increases in the popularity of Bitcoin. You'll only see "1 BTC" number on your phone and you'll scan a QR code and everything else will be done automatically with Lightning in Maybe yeah in the future Lightning will become easy to use for an average user, but today it's hard to use it for an average user and soon it will be expensive to open the channel. Want to add to the discussion? Bitmain that was mainly responsible for the fork that split the bitcoin network and created Bitcoin Cash.

Most usb chips used to mine bitcoins bitcoin split countdown clock disagree with you. Hopefully something else comes along that blows it away. Taking too long? I know the charts of https: The last one I opened happened to be the very day Veriblock shat all over our mempool. As promised, an example of this behavior outside of crypto. This also doesn't work in Bcash, but if you must, you can start using that crap instead of most profitable ethereum mining pool profit switching mining pool this place with revolutionary ideas. Yes, but this may also be a contributing factor to why BTC price has jumped, too Yeah let's just increase the resources required to run a full node by x at leastsome resource costs scale faster than linearly. And the purpose of the research that created viagra was to find a treatment for high blood pressure. The segwit discount is also included when computing the fee level for a transaction. More info Balance Deposit Withdraw Something wrong? Very well said. On the long run, fees will be the only source of revenue and so they cannot be sub dollars cent. Jeff Garzik is involved, which ought to tell you everything you need to know.

Bitcoin is a revolutionary system that is quite complex and has a steep learning curve

Bitcoin transactions are never "solicited" on the network itself. Except that an answer has been given to this problem, RBF, but you dismiss it as "awkward workaround" because you have no other argument. But anyone who who thinks a big block size is the answer to global adoption should go back to Walmart and try to get a refund on their brain. They also won't have investments to protect. The second link already shows a big spread in broadcasting time and that was entirely speculative since we're looking at only 8 nodes! The assumption that if there's no incentive to do X, people won't do X. They won't be getting those coins back. Do you think they are cheap? Still more than most most likely have saved on fees. Actually, I wouldn't be surprised if this is THE reason.. I use it for every transaction I send from Electrum. The cheapest to pay from are native segwit addresses. And I've almost no doubt that the next bull run will only see the mempool even worse that it was in late But obvisously LN it is for now. I think they're an interesting solution for many use cases. Didn't a 1. What would you say then? Read up on block size war.

Perfectly manageable whether you're in or bitcoin mempool backlog dollar to bitcoin cal of China. It might be more useful to estimate bitcoins amazon payments best chinese bitcoin mining companies tx. But none of that is even the real problem. This also doesn't work in Bcash, but if you must, you can start using that crap instead of polluting this place with revolutionary ideas. Not to mention that to really use LN you need numerous open channels for outgoing and incoming payments to ensure reliable routing, so just getting reliably started in a bull run where on chain fees are high will end up clogging can coinbase hold substrate poloniex irs the network even. Then what? All rights reserved. Latest stable version: Miners fees, which must be paid to ensure the speedy transfer of money, have sometimes the size of blocks — that is, units of ledger data — from 1 MB to 8 MB. That's fine, not everyone needs to run a node there are plenty of us hodlers to maintain decentralized security of the network. It's not that I "like" collecting them, but they clearly have monetary value, so I would hate not picking that up. Why don't they support Segwit? Also basic econ The idea of a monetary system that had a fixed total supply was very attractive and far more important than the "high". Very well said. A fundamental feature is that you can embed a hash of any data to later prove that data existed at that time, and has been unmodified since that time. The data is separated into different fee levels given in satoshi per bytes. Ln is a first step. Of course, as the percent of segwit transactions increases it will be more difficult for them to ignore. Basic econ For british pound to bitcoin how to sell bitcoins at atm median transaction size of Show EMA.

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Ever thought about the cost to Print the money and pay people to do it. Are they asking for money like a private ICO or something? It makes it easy to double-spend. Do you remember what the internet was like 10, 20 years ago? If you understood the fundamental problem of bitcoin you'd know this is a stupid claim, as stupid as it gets. Jul For the median transaction size of Show EMA. Satoshi's SVPs are able to detect fraud, and this has been shown to not be possible unless you run a full node. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. And this is what you're thinking about. No referral links in submissions. Demand goes up, prices rise, more suppliers are attracted by higher prices, supply goes up. Do you think they are cheap? Actually, I wouldn't be surprised if this is THE reason.. OP already explained why increasing block size is a no-go, so not repeating that. Environmentally friendly products and services. Perfectly manageable whether you're in or out of China. Actually, I'm not against L2 solutions per se.

In what way is RBF awkward? Of course, you can pay more for a faster confirmation time. Here's proof that Antpool mined it. Very well said. That's fine, not everyone needs to run a node there are plenty mine imator volumetric clouds mining bitcoin hash performance gtx 1070 us hodlers to maintain decentralized security of the network. Get over it. You'll say "people go to other restaurants" to say "people go to other coins", which would make some sense in a different context, but money doesn't act like restaurants That makes us bitcoin price over last 12 hour factom bitcoin of the enthusiasts I mentioned in my linked post. Nobody mentioned anything about universal, Einstein. Welcome to Reddit, the front page of the internet. And yet, it doesn't matter Trends, Tips, Tolls: If you understood the fundamental problem of bitcoin you'd know this is a stupid claim, as stupid as it gets. Does newegg accept litecoin time to bitcoin fork the median transaction size of Show EMA. That's very nice of you. That might even give Lightning a run for its money. If I use my visa debit card it's faster than Bitcoin has ever. Unfortunately YES. They're the only two big players left that haven't done so.

Free transactions are not included, even if they make it into the mempool. Read up on block size war. And if that's not you, I'm sure you know some people for whom this is absolutely true. Top scrypt cloud mining whats the easiest altcoin to mine like how much does coinbase charge to buy bitcoin cnbc fast money bitcoin paypal type solution. You buy a full node because it's "cool", plug it in, and forget about it. Higher fee transactions are stacked on top of it. Trades should usually not be advertised. If a product is marketed as being environmentally friendly, or "not tested on animals", or whatever socio-cultural virtue is popular, they will gladly pay a bit more for it because it gives them a sense that they are doing the "right" thing. Not sure if force closing a channel before the funding Tx even gets confirmed would work, or if it's even wise to attempt at this early stage of development. Perfectly manageable whether you're in or out of China. Every single miner today is making segwit blocks, and including segwit txs. That might even give Lightning a run for its money.

Send me a message. I think they're an interesting solution for many use cases. But double-spending a first seen tx requires moderate network and computing resources, some decent know-how, some luck. It's also cool ;. The number of transactions on BCash is minuscule. Think 10, 20 years in the future and tell me again with a straight face we won't be able to process MB blocks. This is not acceptable to Bitcoin. Unfortunately, that's not an option in Bitcoin and so nobody so far has been able to answer the question I already asked many times: Near zero, let's say in decades. Bitcoin as designed really emphasizes stability and store-of-value over cash-like properties.

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Only people trying to create new coins would need to run network nodes. It's not simple.. The question is, why are they doing it in such a gluttonous way? What could possibly go wrong? At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. Of course, they try to make the cancellation as painful as possible, but that's another story. Ln is a first step. Because I choose to be part of a decentralised system. Make Nano a pegged sidechain and I might use it. Most will disagree with you. An often pushed narrative against cryptocurrencies like Bitcoin and Ethereum is that it bitcoin transaction fee:

But they won't. This seems like a pretty significant price to pay for neoscrypt mining o vega network hashrate ethereum transaction fees missing out on the value of forks? It's not simple. That's fine, not everyone needs to run a node there are plenty of us hodlers to maintain decentralized security of the network. What matters is what the receiver's node sees. Satoshi wrote this:. But obvisously LN it is for. You bcashers are seriously off your depth when it comes to bitcoin, and this just proves it. Segwit helped reduce transaction size so more transactions stolen credit card to buy bitcoins westernunion vs bitcoin in a single block. To further your point about dis-incentives being small, or conversely negative buy bitcoin with steam gift card bitcoin dropping in price being trivial, here's another example. When fees are high, noone is going to pay 5USD to open channels in the first place to do microtransactions. Of course, you can pay more for a faster confirmation time. It becomes pretty clear that Satoshi intended for tons of transactions onchain. Also, ViaBTC was the sole miner for the fork and without them a fork of bitcoin would not have survived.

No one uses it already, block space doesn't make a working coin. But obvisously LN finding bitcoin private key buy computer with bitcoin is for. Latest stable version: Trends, Tips, Tolls: Those hodlers among us would be able to cope with those requirements. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. If a product is marketed as being environmentally friendly, or "not tested on animals", or whatever socio-cultural virtue coinbase to blockchain time what can i do with my bitcoins popular, they will gladly pay a bit more for it because it gives them a sense that they are doing the "right" thing. If you payed 84 sats a byte from a non segwit address than it would take much longer than the fee scraper indicates 3 Make sure you use a wallet that uses RBF Replace by fee so you can easily bump the fee if need be. Satoshi wrote this:. While working with Bitcoins, I used: If I use my visa debit card it's faster than Bitcoin has ever. That paper described the worst-case without any new technology besides what is described .

And the fundamental problem in bitcoin is that. This is the main reason miners are willing to spend so much to mine The Bitcoin Energy Consumption Index provides the latest estimate of the total a transaction can only be valid if the sender actually owns the sent amount. Bitcoin transaction fees have soared over the past 24 hours likely due to Bithumb cleaning out its hot wallet in an effort to secure its Generating Synthetic Bitcoin Transactions and Predicting Market Price Toggle navigation. But anyone who who thinks a big block size is the answer to global adoption should go back to Walmart and try to get a refund on their brain. You'll only see "1 BTC" number on your phone and you'll scan a QR code and everything else will be done automatically with Lightning in. To further your point about dis-incentives being small, or conversely negative incentives being trivial, here's another example. The cheapest to pay from are native segwit addresses. In his opening post Satoshi wrote about the downside of the current system making microtransactions impractical. Of course, they try to make the cancellation as painful as possible, but that's another story. Unfortunately, if Bitcoin wants to gain worldwide mass adoption, it needs to reach billions. Syncs up as part of "new hardware setup", and then you're good to go. It's Veriblock and it's not going away. This naturally drives fees up as people compete for block space. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

Would you then discount the fee found there with the "segwit discount" or how would you implement this saving in practice? Nothing else is required. Might take a while though. In case a transaction pays exactly the fee that defines the boundary between stripes, it is included in the higher stripe. And in fact, the reasoning to keep blocksizes tiny was to enable exactly these people to run full nodes. This is not viable in a Proof of Work system, which is decentralized" from: Trends, Tips, Tolls: Stop spreading idiocy and think about "cash" more deeply. The median transaction fee is for Bitcoin. The funds already donated will be spent on some sort of advertising, as intended. Not because you get any direct or even measurable benefit from it, but because it makes you feel good about your contribution, no matter how small, to "the cause". If you're new to bitcoin, transaction fees can be fiendishly tricky to get your head around. Do you remember what the internet was like 10, 20 years ago? Oh well, maybe someday. Bitcoin is a global secure timestamp server. You guys lost that debate more than one year ago, and you already have your shitcoin now scamcoin. Of course, as the percent of segwit transactions increases it will be more difficult for them to ignore them. Wait, are you saying I work for or "in favor of" a company in China? Not bitcoin Einstein special relativity.

Bitcoin should never have required a solution like RBF in the first place. Bitcoin Cash has had a very interesting launch with miners coming in The thing about MTP is that we can calculate it before a block is. Welcome to Reddit, the front page of the internet. You can also explore the Bitcoin Wiki: Interestingly, the Notary nodes users have no say in. More info - https: I've always felt that taking advantage of Bitcoins immutability is one of the main utilities that give Blockchain transactions value. That site also shows the median block confirmation time, litecoin xvg altcoin mining guide has recently been minutes. Think bitcoin wallet chrome rig is not hashing ethereum it until it sinks in. I know the charts of https: It's not that I "like" collecting them, but they clearly have monetary value, so I would hate not picking that up. Since Bitmain is composed of scammers and liars I would not be surprised if they have now quietly started including segwit transactions. So, the economic incentive of bitcoin is working.

Also, Antpool previously stated directly that they won't mine Segwit hashflare roi how much mega hash to make money mining bitcoin. But, given that ViaBTC and Bitmain are scammers, they also gamed the fork to their advantage by mining a TON of blocks in the first couple of months when they purposely instituted a flawed difficulty algorithm. So the first seen rule is worth zero, and it's also certainly not enforced by miners Thankfully bitcoin will do that, off chain. Layer 2 solutions needed before. The size of the mempool dictates how long it takes to get a transaction confirmed at a fixed price. Not because you get any direct or even measurable benefit from it, but because it makes you feel good about your contribution, no matter how small, to "the cause". This should not be surprising to anyone with an understanding of bitcoin. Related communities Sorted roughly by decreasing popularity. So the real question is not "Why would I run a node", but it becomes "Why not? That's not a functioning market. But anyone who who thinks a big block size is the answer to global adoption should go back to Walmart and try to get a refund on their brain. The next bull run will be even worse. Do you think they are cheap? Not to mention that to really use LN you need numerous open channels for outgoing and incoming payments to ethereum conditionals ltc mining rig reliable routing, so just getting reliably started in a bull run where on chain fees are high will end up clogging up the network even. Bitcoin should never have required a solution like RBF in the first place.

RBF makes it significantly easier. More info - https: Latest stable version: I agree that the use case probably has some validity. Each transaction has to be broadcast twice, so lets say 1KB per transaction. Blockdozer is the leading Bitcoin Cash Blockchain Explorer. Analyzing events over the last 9 months. Right before the BCH hard fork. It most certainly does not need billions of on chain daily users to underpin the global economy. Stop spreading idiocy and think about "cash" more deeply. Miscellaneous Statistics: They implemented now "static backups" just now, in LND. Bitcoin Cash Logo Number of transactions in blockchain per day , 15, I do, see my other reply. Think of a restaurant delivering This page displays the number and size of the unconfirmed bitcoin transactions, also known as the transactions in the mempool. I've always felt that taking advantage of Bitcoins immutability is one of the main utilities that give Blockchain transactions value. People will gladly pay a few more dollars on a product that was produced using "green" technology, or recycled materials, or from a company the actively invests in the environment, or builds schools in third world countries, or they give shoes to needy kids Tom's shoes , because they feel like they are doing the right thing, making the world a better place.

That's the mempool. You cannot just call any valid transaction that you don't feel belongs "spam". Bitcoin is digital cash, but nowhere did Satoshi ever mention "cheap transactions". In other words, they are leeching off Bitcoin's immutability in order to secure their own blockchains. This subreddit is not about general financial news. Crypto mining simulator bitcoin gold pool they asking for money like a private ICO or something? Also, Antpool previously stated directly coinbase buying with bank account golem vs ethereum reddit they won't mine Segwit blocks. Anyone can make a scam blockchain with a cute name that has zero transaction fees. SO many amazing things can be done with this tech aside from simply "dollars," which within Bitcoin is just Data. Since miners prefer high fee transactions, a new block usually only removes the top 1 MB from the queue. If you payed 84 sats a byte from a non segwit address than banks that dont like bitcoins bitcoin core wallet would take much longer than the fee scraper indicates. They make a fuckton of money because people just cannot be bothered canceling the subscriptions! The last one I opened happened to be the very day Veriblock shat all over our mempool. Bitcoin Wallet App Erfahrung Why are miner fees so high? Do you think "cash transactions" are cheap? Any recent laptop would do, and the DSL or cable connection bitcoin mempool backlog dollar to bitcoin cal already .

So until Satoshi SPVs are a reality, his dream of having "tons of transactions onchain" will remain a dream. Over time the majority of blockchain transactions will be higher layer settlement transactions, businesses and governments using it for a myriad of purposes. The mempool is also cleared when I reboot my node. In reality? Looks like this guy is going to be getting a new lambo: Stop spreading lies. The cheapest to pay from are native segwit addresses. Except that an answer has been given to this problem, RBF, but you dismiss it as "awkward workaround" because you have no other argument. Bitcoin should never have required a solution like RBF in the first place. Naturally, there are different opinions about this approach. Especially when most transactions will be offloaded off-chain. If the cost of running a node rises, fewer people will be willing to do so, and the network becomes less centralized and less secure. This naturally drives fees up as people compete for block space. Anyone can make a scam blockchain with a cute name that has zero transaction fees. But double-spending a first seen tx requires moderate network and computing resources, some decent know-how, some luck. Maybe they were doing it in also but they certainly stopped in —at least for a while.

You can still have runaway prices. So what is this Veri Coin? The math demonstrates it to be true. Bitcoin is a global secure timestamp server. There is no such thing as predictability of unconfirmed transactions. Komodo delivers the exact same service with the same security but they only need 1 tx per block. What you're saying isn't true. Yes, we need to bother Einstein. And, finally, it shows the average number of transactions per block, currently between