[blablablablablabla]
Some of the data on that site make little sense to me, however. I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).
[blablablablablabla]
https://www.vocabulary.com/articles/chooseyourwords/mean-median-average/Hahahahahaha
I will admit that I had a brain fart, and for a moment, I was considering mean and median as the same.
So, O.k. I will agree that reviewing information about the median could be helpful to various analysis regarding whether there are block full problems and transaction time problems that are resulting from block fullness, and blockchain.info charts are providing the mean for blocksize, but so far, seem to not be providing the median. At least, I have not found it, so far.
There's lies, damn lies, and then there's statistics. Any statistician will tell you the average is an awful stone age measure, then start talking about mean, median, and standard deviation to decide whether the blocks are truly full or not. However if you can't get your transaction into a block for hours even with a good fee that's all you need to know.
if juans transaction took four days to complete he would still argue with you that everything is fine in #bizarroworld of bitcoin. ...
Yes, that is a big "IF".
My transactions are not taking four days but tend to show up immediately and usually take less than an hour. In early March, while the blocks were supposedly full, I sent out three transactions with varying fees, and the one with the highest fees (I recall it was $.04) took about 75 minutes to complete, and the two with the low to no fees ($.01 and $.001 respectively) took close to 10 hours to complete.
In other words, you are in a fantasy world, Mr. Aztec, and transactions do not appear to be taking anywhere near 4 days to complete, even when blocks are at their fullest... and including some small token fees seems to help speed up transaction confirmations.
yeah waiting over an hour for a payment to go through rocks.
Nothing wrong with that. Bitcoin is in an interim stage of development, and we should not be expecting a 6 billion dollar market cap system to compete on the same level as various centralized credit card and other centralized payment systems (in terms of speed).. in these early and expansive days of bitcoin and its various systems.
And, even so, these days, it seems that bitcoin is allowing a lot of value transfer, control and storage of value in ways that would be extremely expensive and even slow for final confirmation in many instances with traditional payment systems.
A couple of weeks ago, I sent 80 bitcoins (price at the time $416 - therefore $33,280), and it took about 7 minutes to be confirmed, and I was able to use the money in less than 30 minutes. I did not do anything special on that occasion, and the standard fee was .000187 BTC (almost $.08). Personally, I find that transaction to be quite amazing in comparison to any other payment system (and largely decentralized in this circumstance).
My earlier March tests of three transactions (while the blocks were supposedly full) that took 75 minutes, and nearly 10 hours for the other two, were fairly small level transactions (a little more than $1), and those transaction times and fees were acceptable, as well, yet would depend on use case, whether faster confirmation would be preferred or lower fees would be expected...
Bitcoin is not anywhere near broken, and a lot of further innovations are in the soon-to-be implemented pipeline... this year, and maybe more next year. So, you FUCD spreaders seem to becoming less and less persuasive with your lame assertions of "emergency" and or to make supposed "brokenness of bitcoin" cries.
i disagree, i believe that is a serious problem. i own a bunch bitcoins, however, i am not going to lie to myself and try to convince myself or anyone else that there is nothing wrong with bitcoin. clearly, to anyone with intelligence, there is a problem with bitcoin taking 75 minutes to clear. online business might find bitcoin useful, however, starbucks will find it annoying.