Complaints from Bitcoin Users

[iFixBTCmemoryIssues]

Bitcoin has stopped growing.

"The reason is nothing as silly as new users not being interested leading to a fall in demand, it is as simple as 'there are not enough seats on the bus'.

When you design a system and leave a cap in place then that system will reach capacity and saturate. Initially transaction fees rise as people try to use bitcoin as before.

The danger zone is when on chain transactions begin to fall consistently.

Once that happens then a large part of the speculative value which is built on future expectation of a growing ecosystem will evaporate.

Or we begin to use a version of the bitcoin software such as bitcoin unlimited - which signals to the miners and the rest of the ecosystem that the userbase wants on chain scaling before bitcoin fails." - Joloffe

[iFixBTCmemoryIssues]

I'm just switching to eth.

"If classic takes over, then I might put some back into bitcoin, but I just paid a bill today and the fee was 13 cents. Bitcoin is officially more expensive, and harder to use than my credit card." - thouliha

[iFixBTCmemoryIssues]

Bitcoin's growth stopped, combined with news like https://blog.coinbase.com/2016/07/21/co ... -ethereum/, shows a new trend.

"Coinbase added support for Ethereum today. If Core doesn't get the hint, I predict Bitcoin will slowly (over a period of several years) be replaced by Ethereum." - BiggerBlocksPlease

[iFixBTCmemoryIssues]

The pattern here seems to be: hitting the limit, fees increasing, volume dropping.

"Which happened at least twice (march and june). It make total sense that this is the way growth is stunted." - seweso

[iFixBTCmemoryIssues]

If ETH news = bad, then permit on /r/bitcoin.

"If ETH news = good, then remove as "off-topic"." - Erik Voorhees

[iFixBTCmemoryIssues]

One of these days Eric will make the connection between Blockstream and Core's enthusiasm

"in using an obviously censored subreddit and this particular type of censorship." - Bitcoinopoly

[iFixBTCmemoryIssues]

OFC, and I'm fucking sick of BS/Core shitheads I just need to be this rude

"You see how the miners did a great thing with Ethereum? What the fuck is in Bitcoin miner's heads these days? A mud?" - trancephorm

[iFixBTCmemoryIssues]

Blockstream

"is what got into their heads." - Bitcoinopoly

[iFixBTCmemoryIssues]

Some of the large bitcoin miners out of China also mine Ethereum as well, including F2Pool and possibly Jihan Wu (Antpool).

"Hopefully they've seen with their own eyes how quick and painless the whole thing was, and repeat it with bitcoin next month. And Kudos to Vitalik for ignoring Greg Maxwell's emails "begging not to fork"." - EncryptEverything

[iFixBTCmemoryIssues]

I've finally unsubscribed from r/bitcoin. It's turning into a joke.

"Not only the censorship, but now it's top post is ridiculing another cryptocurrency." - solled

[iFixBTCmemoryIssues]

Coinbase gives the middle finger to Core.

"Ethereum support added to Coinbase today." - BiggerBlocksPlease

[iFixBTCmemoryIssues]

At this point

"Core + supporters are completely detached from reality." - satoshis_sockpuppet

[iFixBTCmemoryIssues]

Once the lightning network comes online and becomes dominant, soft-fork transaction censorship becomes a theft opportunity,

"as you can prevent legitimate channel closings long enough for illegitimate ones to go through. IMO this weakening of security model is actually 10x worse than the supposed weakning of security model that arises from most users going down to SPV clients rather than full nodes." - vbuterin

[iFixBTCmemoryIssues]

Interesting bullet points from Bitmain R&D Director on Lightning Network

"Intro: "Make Bitcoin Great Again" - the implication being its being crippled now and LN is the only thing that can save it.

Use Cases: Hub nodes like Exchanges/Wallets (centralized services!)

Even the director says its "less decentralized" (due to hub nodes)

Funding transactions still limited by block size

LN takes a "fat cut" of miners profits, reducing bitcoin's network security (!)

No cold wallets/storage (private keys must be online to sign tx)" - blockologist

[iFixBTCmemoryIssues]

Makes LN a non-starter for me

"That these Core guys think they can play Federal Reserve Board with the security of my money is unfathomable." - BTCisGod

[iFixBTCmemoryIssues]

ETH HF is showing the world that HFs isn't the majority oppressing the minority."

"It is freedom to live and let live." - David Jerry

[iFixBTCmemoryIssues]

Complaints from users, Day 37 (22/07/2016):

Artificially limiting capacity is bad for Bitcoin

"If 51%+ of miners are doing something that is bad for Bitcoin, then that is an attack on Bitcoin." - tsontar

[iFixBTCmemoryIssues]

I bought my first btc early 2013 and I am just shy of 63btc. I have invested around 20k Euro to get to this number. I believe in the potential of it and always thought that it could potentially be the future in many ways.

"But the fact that BTC doesn't seem to progress at all and even worse, we have thugs like theymos and others censoring and therefore stalling everything that doesn't fit their hidden agenda is troubling me. I am still holding, but I will start to diversify into ETH just to be on the safe side. Something I have never imagined I'd ever say out loud. And if nothing changes soonish I am not sure how much longer will stay in the BTC game. In todays age when technologies moves so fast, the ones that don't adapt or scale just fade away. And the way I see it, BTC is headed in exactly this direction." - TheD1ceMan

[iFixBTCmemoryIssues]

BTC dominance dropped below 80%

"BTC alternatives ETH and DASH up almost 10%. People aren't willing to pay 20 cent per transaction and are fleeing to alts. Support by merchants/bitpay is only a matter of time." - Postal2Dude

[iFixBTCmemoryIssues]

ETH price just bitch slapped BTC.

"Glad I bought a lot before it HF'ed. As for BTC, same shit, different day." - bigcoinguy

[iFixBTCmemoryIssues]

I really, really, really like to understand the mindset of the SHA256 miners. They built or bought mining hardware for millions of dollars to mine Bitcoin and now they just stand there and watch how non-SHA256 coins are eating Bitcoins lunch.

"What the hell are they planning to do with their obsolete hardware in the future? Why do they think it's good to support coins that can't be mined by their hardware?" - satoshis_sockpuppet

[iFixBTCmemoryIssues]

Regular users are losing patience. Greg is in panic mode. Core's FUD about hard forking has just been incontrovertibly proven wrong. Loony Luke is now saying "no one promised to release segwit by any date" and simultaneously that Core's agreement to code a 2MB hard fork is contingent on Segwit being released - in other words, /u/Jihan_Bitmain, you're never getting your fork code.

"The Core team is just making shit up as they go along. You, F2Pool, and the other miners have been repeatedly lied to and swindled, as many many people have been trying to tell you would happen for months. Now is the time to stop this nonsense.

I'm with you OP, even if Blockstream legitimately wants to destroy bitcoin, I have no clue why miners are actively going along with them. They have already forfeited an enormous amount of money and goodwill by sticking with Core. The miners should be in control of their own destiny, rather than beholden to Core's trail of broken promises and threats." - ChairmanOfBitcoin

[iFixBTCmemoryIssues]

My guess is that

"a few Core devs and a few hardcore whales are threatening to change PoW and crash the price of the SHA256 fork." - tsontar

[iFixBTCmemoryIssues]

The opposite would happen.

"The SHA256 fork would be totally dominant maintaining the ecosystem, the ex-whales' coins snapped up cheaply, and the new PoW spinoff would limp along like a mangled Walking Dead zombie." - solex1

[iFixBTCmemoryIssues]

The miners would keep using the SHA codebase and that would be the dominant chain.

"The people with github commit privs don't make the decisions, the miners do. The miners can run any code the damn well please and there is nothing anyone can do about it." - Swelfie

[iFixBTCmemoryIssues]

I can confirm that Bitcoin is loosing its sexiness.

"AT this moment I'm figuring out what alt is safe to flee to, because I've the feeling the Core group's mindset is to destroy bitcoin silently." - EnDeVriess

[iFixBTCmemoryIssues]

I remember watching bitcoin in awe for years, amazing achievement after achievement

"I do have to thank Core though, I would have never started looking elsewhere and finding AMAZING developments in the blockchain/cryptocurrency space past year;

I finally feel the crypto excitement again, just wish it was with Bitcoin" - DaSpawn

[iFixBTCmemoryIssues]

An airplane manufacturer will not accept bitcoins if he cannot use them to pay the employees. An employee will not accept salary in bitcoin if he cannot pay his rent with it. The landlord will not accept bitcoin if he cannot pay a restaurant bill with it. The restaurant owner will not accept bitcoin if he cannot pay his morning coffee with it.

"Bitcoin is already pretty unattractive as a currency, to put it mildly. I cannot grasp the logic behind the claim that it would become more attractive with $20 transaction fees and frequent delays of unpredictable duration." - jstolfi

[iFixBTCmemoryIssues]

Congratulation Small Blockers. This is a direct result of Bitcoin not scaling qucikly enough. Much more of the ecosystem is about to follow:

"Coinbase adds support for Ethereum" - MemoryDealers

[iFixBTCmemoryIssues]

Nicey nicey hasn't worked in over two years. Being nice or being mean won't make any difference now.

"The other side will go down with their ship no matter what." - DIGITAL-not-Virtual