Post
Topic
Board Bitcoin Discussion
Re: Bitcoin at risk.
by
zimmah
on 29/10/2015, 19:29:33 UTC
During all the life of bitcoin the number of transactions kept increasing everyday. In these days they are reaching new records. We are experiencing many full blocks. The mempool is becoming huge. Transactions are taking more and more time to be confirmed. To make things worse, bitcoin value is increasing and attracting even more users.

I may agree that sidechains and lightning networks could be good solutions for the small transactions or everyday use, but they don't exist now and who knows when they will be ready.

In one of the next days, if bitcoin news will appear on a major site it will be a complete wreck.

The attempt by Blockstream to take the whole market of the microtransactions is mining the future of bitcoin. I am worried and scared of this.

1 MB block limit is totally absurd and inadequate and even a fool can realize it.

I thought this problem was settled by now?

It's sad too see it still hasn't.