Post
Topic
Board Bitcoin Discussion
Re: Time to quit now, network getting worst
by
Jating
on 15/11/2017, 04:41:28 UTC
Network getting worst....there still about 90K unconfirmed transaction and transactions cost become so high.

If this keep happening, price will drop into shit soon....it could lead price to below 5K soon
There seem no way to solve this network problem, transaction per-second more higher than bitcoin network can handle.

I'm not crazy enough to spent fee 15 - 50 $/transaction. If i only sent 1 transaction per day, maybe just fine.

At moment, transactions very low, only about 6tx/second (average for 24 hours). If there bigger transactions, definitely there will be more unconfirmed transaction, doesn't matter how much fee you willing to pay.

The network is not getting worst, it is being attacked by some random someone who has a lot of time to be wasted and a lot of funds to be toyed. This is just a scheme played by them in order to pump Bitcoin Cash and compete with Bitcoin. The high number of unconfirmed transaction is not a new thing. I've seen this before and we will see this again at some point.

This will settle down soon enough. But until then, we will experience a huge tx fee.

If my memory serves me right, there were also such attacks at the height of the scaling  debate, spammer attacking and clogging the mempool but it then suddenly drop and we can only assumed who are the people behind.

And when Segwit2x got cancelled, we see the same attacks and and then suddenly bitcoin cash was pumped, so we can conclude as to who are the people behind the spam and if you look at it the timing is very well organized.