Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Here are some more FACTS for you:

After I made my last post I sent transaction to myself, confirmed no problems AS ALWAYS. About 4 min in-fact, you beauty. https://blockchain.info/tx-index/b907009f9ef1e20d9d8d983e2c72186230be91ccfaf742e68caa1b95eb675af8

Hearn, Gavin et al also confirmed as FUD spreading propagandists.

Block size increase is not needed now, when it will be needed it will be increased, the core roadmap is the best plan going forward.

Everything else is based on a FUD manufactured crisis.

In the last month, I've sent around 15 transactions of varying sizes from between about .045 BTC and 10 BTC, and each time i paid around .0002BTC in transaction fees. Each of my transaction received at least 3 confirmations within about 15 minutes. I cannot recall any delay in receiving the transaction longer than 15 minutes in that set of transactions in the past month.

so yes, I agree, there currently does not seem to be any meaningful problem, and there seem to be several possibly consensus based solutions in the works...

Accordingly, I still have troubles understanding when the blocksize and/or scaling issues are presented as "an emergency."

When the avg. blocktime is 10 minutes how does each of your transactions receive at least 3 confirmations within 15 minutes?

I use the recommended fee in my electrum wallet yet I have had bad luck getting my transactions included in the first block. It oft times takes 3 blocks to get included, I seem to run into those empty blocks on a regular basis.

Well it could be that it take a little less in some instances or a little longer in other instances and I'm not really timing it or measuring precisely (even though I asserted less than 15 minutes in my earlier post).

Even if it takes an hour to finalize before I can use my coins (because I I think these days I need three confirmations to be able to use them), I haven't felt any significant delay because usually the transaction will show up with zero confirmations within 5 minutes or so then I can rest assured that it is coming to me.

I find the overall transaction to be very quick even if it may take 5 minutes before it shows up and an hour or even less than a day to be able to use. Surely there may be situations in which it's more urgent to get the coins, and no one would want to suffer currency volatility during the time of waiting to receive.

Anyhow Banks tend to take a lot longer (usually at least a day and sometimes over a week - depending on the nature of the transaction).