Quote from: bug.lady on February 25, 2018, 07:10:28 PM

Quote from: severaldetails on February 25, 2018, 07:00:23 PM

Quote from: bug.lady on February 25, 2018, 06:46:00 PM

Quote from: steadyrice on February 25, 2018, 06:31:11 PM

Well the infrastructure is getting better on the one hand, but the main reason that people lost interest. Once the price crashed from $20K to $9K, a lot of people lost interest, cut their losses and sold off their coins, so there are fewer transactions right now. Let's see what will happen once the price starts rising again and reaches, say, the $15K level.

900 is really low, I was checking it two days ago and it was 6000. Still, I am afraid that your diagnosis (lost interest) is true and I can only hope that the cure didn't kill the patient. I hope, that is, that the interest is not lost permanently because people had been dissapointed in Bitcoin.

I do not think it can be only that. When we had 300000 transactions a few weeks before and now we have 900, that means a reduction of 99.7%. Such a decrease of interest in bitcoin would have a really heavy hit on bitcoin price. Something like a down of over 95%. And as we don't see that, there must be another explanation. Maybe the volume we saw weeks ago was artificial, and what we see now is the normal amount of transactions. I can imagen we had a massive transaction spam wave in the past, that has stopped now!

Artificial, like spamming by Ver's minions and Bitcoin Cash proponents? Or you have something else in mind?

I know it is really hard to tell the valid transaction from a spam one, but has anybody been doing any such analysis to try to figure out what percentage is spam? That would be interesting.

Yeah, I'm thinking about somthing like what we saw during the time of the Bitcoin/Bitcoin Cash contoversery. But why end it now and not earlier? I mean during the past weeks there was not much to win by letting a spam wave proceed.
Another explanation would be that many miners have switched from BCH to BTC. I think the mining software allows now very quick switches in what coin to mine in order to always mine the most profitable one. The difficulty in bitcoin does not adapt that fast, so many new miners mean an empty mempool.