Post
Topic
Board Bitcoin Discussion
Re: What's going on with Bitcoin????
by
tund3r
on 29/12/2017, 22:21:21 UTC
What's the purpose of letting the transaction pool to get so full to have transactions falling out of the pool, having the fees so high that we have a limit on the minimum transaction and some exchanges stopping the withdrawals because of the network congestion?

There is no purpose for any of this! None of this is ideal! The problem is a decentralized group of developers not willing to agree on a single direction. That's why we've seen several hard forks, coup attempts, trying to evolve Bitcoin to something better.

What's the reason for letting bitcoin get so distant from the whitepaper? What can we do to have it back on track?

Bitcoin hasn't drifted from the whitepaper, it's just matured and grown such that it needs to be updated to evolve with the growing demand.

Now you made him mad! The liom came out! Cheesy
I want to agree and also disagree.
Maybe if you are on the miners side you can understand it and I have heard it.
True that it is congested. We are having problems now because of the overload transactions that are making a wall for the others to enter.
Who made this? Us.
We are so cheap that we want an almost free transaction and miners needs to make a living too.  (Although some of them are really greedy).

Maybe after all of this is cleaned up we should start changing how we do our txs.
To the miners won't change much if the fee comes from mining 2 transactions or one, the fact is that right now the system is able to process 3 transactions per second, and this include the whole world economy! My guess is the miners would be extremely happy to be able to have a system to process more than 3 transactions per second and win a lower fee from each of them