Post
Topic
Board Bitcoin Discussion
Re: Time to quit now, network getting worst
by
blackcoiner
on 15/11/2017, 01:44:12 UTC
In bitcoin technology, there no way do identify which spam or not.
It just because transaction volume already reach the limit, bigger than bitcoin can handle....sad but i have to admit it. Average daily transaction already reach the limit. No space anymore for new adopters or bigger transactions volume.

Of course not. A transaction is a transaction. But we all know what's going to clog and what won't as do the people sending them. Many wallets won't let you choose fees that low and with others you have to actively create them. They know what they're doing.

When this isn't happening there is still more than enough capacity. In August the mempool was empty and zero fee transactions often got through. With Bitcoin without second layers there will always be a limit and people will always attack BTC by exploiting it. 2-3-4MB blocks won't make much difference.

It is right. This has been argued a long time ago and just keeps popping up every time a newbie wants to FUD. Blocksize is not a solution to this problem. It will just take more spam tx but nothing can stop them from clogging the system even if you raise the blocksize.

So what solutions?
Soon transactions will reach 10tx/s  (24 hours average). Even all are legit transactions and willing to pay high fee, still there will have lot unconfirmed transactions per day. Current capacity only about 7-8tx/s (24 hours average).

Are you willing spent 15-50 $/day on transaction fee? when you need to transfer only less than 1000 $