Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
iamnotback
on 22/11/2016, 20:17:52 UTC
FYI:
BTC Transactions Queue is overloaded.
16 hours and the guy can't get a confirmation, how can people not see BTC is failing, is beyond me.

https://bitcointalk.org/index.php?topic=1689151.0
What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?

view the queue length here
https://blockchain.info/unconfirmed-transactions

 Cool


Here is the rough draft from my white paper for the section concerning transactions fees, block size, and the unavoidable monopolization of Proof-of-Work by a few:

https://gist.github.com/shelby3/c0d6e0ed132be7e4577df3663c81ee09


Applies to every proof-of-work coin which attempts to scale up, not just Bitcoin.




The (very rough draft, likely to change) section of my white paper about SegWit and Lightning Networks:

https://gist.github.com/shelby3/c786018a8bb2d8d837abce3a4cf4e799

I am very sleepy so didn't proof read that well yet.
Read it; more please.

I edited it after proof-reading upon awakening.