Complaints from Bitcoin Users

[iFixBTCmemoryIssues]

I hope that if we really run into problems then we can get rid of this 2MB garbage and push for 8MB or 20MB. 2MB is not going to be enough either.

" Once we have problems, we need to push for more. BlockStream Core has backed us into a corner, and made us believe that 2MB is our only option, and we can go much much higher." - Pool30

[iFixBTCmemoryIssues]

Totally agree.

"2 MB blocks are pathetically small.

I liked what I saw in the research from the Xthin 5-part series, and the Cornell paper - which showed that:

4 MB blocks are feasible now - on today's hardware

Xthin provides 5x scaling

Combined, this means that if we use Xthin with something like Bitcoin Unlimited, then blocks could already be 20 MB.

Classic's 2 MB proposal was a pathetic peace offering after a pathological process which had dragged on for years with toxic Core/Blockstream devs who never even wanted to negotiate in the first place." - ydtm

[iFixBTCmemoryIssues]

Bitcoin Unlimited is the best option, but I'm not really partial to any solution.

"Just get all of the miners to unite in one decision and make it happen." - Bitcoinopoly

[iFixBTCmemoryIssues]

I'm more than a little upset by the change of course brought on

"by a group that came to bitcoin much later." - MemoryDealers

[iFixBTCmemoryIssues]

I am furious about it too.

"As an early adopter and someone who subscribes to Liberty and the live free or die philosophy, I am never going to give up on Bitcoin and Satoshi's vision. The idea of Bitcoin is just too powerful, and has the ability to bring liberty, freedom, and independence to the entire world." - Pool30

[iFixBTCmemoryIssues]

If there was a community consensus to make if a settlement layer then so be it.

"It is not the fucking case!!" - Ant-n

[iFixBTCmemoryIssues]

Well, regardless, the point about nodes being harder to run with larger block sizes is untrue,

"that's just core propaganda." - peoplma

[iFixBTCmemoryIssues]

The quote : Bigger blocks = more tx capacity = more users = higher price = more valuable block reward = more miners = more secure and diverse Bitcoin.

"I would also add that more users/use cases = more business = more commercial grade Nodes and Bandwith = higher capacity network" - papabitcoin

[iFixBTCmemoryIssues]

The only thing we can do is try to educate people.

"BlockStream Core knows this which is why they censored all the information channels." - Pool30

[iFixBTCmemoryIssues]

I can't help feeling when I am sitting looking at the backlogs and the transactions coming in that surely the miners are also looking at this too and thinking to themselves,

"this looks bad for business." - papabitcoin

[rogerver]

It is a disgraceful there are still wallets out there that don't dynamically adjust fees and allow users to set priorities with a floating fee calibrated by the network. We need to educate users to avoid these wallets to insure they have a good experience and confirmations aren't delayed.

It's disgraceful that the dynamics of the bitcoin network have changed so much that every single wallet software on the planet needs updating regularly to accommodate to the congestion caused by the artificially limited block capacity.

[iFixBTCmemoryIssues]

It needs to be sorted out ASAP

"to not be ready for the global economy and currencies tanking is just insane." - mjh808

[iFixBTCmemoryIssues]

Most recent block: 1196 txs

"with avg. fee of $0.55 per transaction." - Erik Voorhees

[iFixBTCmemoryIssues]

reasonable people : - this is madness !

"blockstream : - good, the fee pressure is working , the fee market is becoming" - realistbtc

[iFixBTCmemoryIssues]

Friend of mine doing his first bitcoin transaction. His wife was removing the total bitcoin from Coinbase and sending to her husband's Jaxx.

" Pretty cool, but it did not confirm by the time we had to go home. 3 hours at that point." - Dumbhandle

[iFixBTCmemoryIssues]

Why would anyone pay more fees than necessary?

"Or do you assume people always make screw-ups regarding fees? Or are people intentionally subsidising a network which is already subsidised by block rewards?" - seweso

[iFixBTCmemoryIssues]

Who is buying today? I look at these prices every few hours and I am just waiting for these buyers to get destroyed when the network finally becomes unusuable in a few days. I would go 20x short if I weren't worried there were enough naive people willing to pay $2000 first.

"It's disgusting. The last time this happened, people were euphoric. Now, the rise is happening faster than before and yet every single post on the front page is about fees. I bet that the people paying $800 for thes" - ProHashing

[iFixBTCmemoryIssues]

The fee pressure is

"damn too high!" - usrn

[iFixBTCmemoryIssues]

dear #miners,

"#payout confirmation may take longer time because of transaction overload on the #Bitcoin network" - Slush pool

[iFixBTCmemoryIssues]

I just spent $0.70 as a transaction fee to send some bitcoin! That was my wallet's recommended fee for medium speed service.

"It's getting expensive fast!" - Reddit_My_Life_Away

[iFixBTCmemoryIssues]

Blockstream creating a Mt. Gox-like situation by not allowing more transactions/larger blocks?

"Back when the Mt. Gox debacle happened, they flooded the api and no transactions could get through. With more exchanges that can no longer be done easily.

Full blocks are effectively the same thing, no regular transactions can move efficiently.

They are creating friction in what is supposed to be a frictionless environment." - driftingatwork

[iFixBTCmemoryIssues]

The limit has been reached.

"There is not possible discussion about it. Time to raise the limit, there is no more time." - atleticofa

[iFixBTCmemoryIssues]

Complaints from users, Day 3,4,5 & 6 (20/06/2016):

Only a fool, a troll, or someone who isn't paying any attention, would think that blocks aren't full recently.

"https://charts.bitcoin.com/statistics/a ... ?range=10y " - Roger Ver

[iFixBTCmemoryIssues]

The block size debate is just a barometer, it revealed that the decision making process for bitcoin is totally broken.

"This has to be fixed (community first vote for the change, then coding), bitcoin has been hijacked as a software company's private product." - vattenj

[iFixBTCmemoryIssues]

20 000+ tx in the mempool (140MB currently)

"If no more tx added, it would take a day to clear this backlog. This is fucking madness." - usrn

[iFixBTCmemoryIssues]

Sometimes things have to get worse before they can get better.

"At this point in Bitcoin, I hope it continues to get worse only so that it may finally cross what majority of the community finds acceptable (hasn't happened yet), so that change may occur and Bitcoin can then get better (with an increase in block size)" - Reddit_My_Life_Away

[iFixBTCmemoryIssues]

Dumped my ETH for BTC to go back to FIAT. Now my fucking BTCs are stuck and BTC is dumping.

"Thanks for my $10k loss retards with your retarded currency. Special thanks to /u/nullc." - Twaah

[iFixBTCmemoryIssues]

Please repeat after me: RAISING FEES WON'T CREATE MORE CAPACITY!!!!

"bloody hell." - usrn

[iFixBTCmemoryIssues]

Yes, lets price out every transaction we don't like so we can continue pretend the block size limit isn't an issue.

"Fucking unbelievable." - marouf33

[iFixBTCmemoryIssues]

Bitcoin is now more expensive than an international bank wire transfer in some cases. Here is a $50 tx fee paid for a single transaction:

"https://blockchain.info/tx/e688df0207f8 ... 23216cbb4c" - MemoryDealers