Complaints from Bitcoin Users

[iFixBTCmemoryIssues]

Welp now we know blockstream's business plan. How big is the credit card market again? $50-100 million is probably petty cash to credit providers in the grand scheme of things.

"They dont even sound like fans of the idea of cryptocurrency let alone bitcoin." - SouperNerd

[iFixBTCmemoryIssues]

it'd be interesting to more precisely understand the level of influence a single company may or may not have on protocol development in a real objective and quantifiable way.

"For instance, if I scrape #bitcoin-core-dev IRC logs since January 1st, I see of those who have spoken at least 500 lines (~2 lines per day on average), 50% of the lines come from either a Blockstream employee or contractor." - SpiderImAlright

[iFixBTCmemoryIssues]

It is sad.

" Even gold-bugs want more demand/users" - veintiuno

[iFixBTCmemoryIssues]

SegWit breaks existing software. All exchanges, blockchain explorers, and wallet software have to be written again.

"Blocksize to 2mb allows existing software and services to remain unchanged." - BiggerBlocksPlease

[iFixBTCmemoryIssues]

Zero confirmations... getting worried

"I sent a payment of 0.0685btc with a miner's fee of 0.00011199 (I just used the standard fee - didn't change it) in mycelium and it has been over an hour and a half and it has zero confirmations." - stealerjones

[iFixBTCmemoryIssues]

Did few transactions with standard fee several days ago. 1st confirmations arrived from 12 to 24 hours.

"Bitcoin is dead." - trancephorm

[iFixBTCmemoryIssues]

have you considered how 1MB harms fungibility?

"1) Many network analysis algorithms become MUCH more difficult with incrementally larger networks. Keep the network small, and you can track the coins. Tracking the coins (meaningfully distinguishing them from each other) is the first step to valuing certain coins over others.

2) High transaction fees discourage transactions that obfuscate the block chain

3) High transaction fees make it harder for wallets to add features like BIP-126 (which adds a few obfuscating inputs/outputs), because each BIP-126 transaction could cost maybe twice as much as the minimum transaction that could be made.

4) High transaction fees drives away users, leaving the remaining Bitcoin users more easily identifiable." - thezerg1

[iFixBTCmemoryIssues]

Gregory Maxwell (co-founder and CTO of Blockstream) said that he had "proven mathematically that Bitcoin can never work" when he first heard about Bitcoin. That means he read about how it works, did some math, concluded that it can never work, and said so publicly

"Adam Back (co-founder and President of Blockstream) said that he was contacted by Satoshi Nakamoto himself by email before Satoshi mined the genesis block. (Does anyone have a source where Adam has confirmed this email?). In that email Satoshi is said to have thanked Adam for creating Hashcash which Bitcoin used. As far as I know Adam read that email and yet he concluded that "Bitcoin can never work".

Bitcoin's genesis block is mined in January 2009. The exchange rate of Bitcoin reaches 1 000 USD / XBT in November 2013. Adam Back buys his first bitcoin according to an interview where Adam said so. (Does anyone have a link to this interview?).

In November 2014 Gregory and Adam found the Blockstream company with a few others. They soon employ almost all of the most active Bitcoin Core developers.

So both Gregory and Adam have changed their minds about "Bitcoin can never work". They now say that Bitcoin can work. But they still say that on-chain scaling can never work.

That is just another way of saying that "Bitcoin can never work".

So the current decision makers for how the Bitcoin protocol should be and is developed never understood how Bitcoin is supposed to work. It was always intended to scale to Visa transcation volumes (at least 60 000 tps) on-chain according to Satoshi and practically all early adopters before Blockstream was founded.

People used to say that airplanes would never work and that experimenting with building them was a waste of time. Would you want such people to be in charge of making "improvements" to the airplane that you're using? Imagine if they said that "Airplane scaling can never work on-wing. We need to keep the length of the wing at exactly 1 meter because that was the original wing length chosen by the inventor of the airplane. All scaling that can safely be done must be in the engine, the wheels etc."

Gregory and Adam are two such people for Bitcoin. And we're using their "improved" airplanes, and investing our money in their airplane company. In the meantime multiple people who understand that 1 meter wings are not crucial have begun building their own airplanes and airplane companies without this arbitrary limit that was supposed to exist only for the very first airplane." - todu

[iFixBTCmemoryIssues]

Complaints from users, Day 68 (14/09/2016):

"A bunch of people who aren't actually running businesses have managed to take over the core development and stall Bitcoin from being allowed to scale. They were literally telling many of us at a recent Bitcoin meet up that we should be using credit cards for payment instead of Bitcoin.

"The part that has most people the most upset is that core controls the main discussion websites and about. A year ago they started banning any sort of posts from people with dissenting opinions." - Roger Ver

[iFixBTCmemoryIssues]

I link to bitcoin.com instead of.org

"since the blockstreamcore attack started." - MeTheImaginaryWizard

[iFixBTCmemoryIssues]

Even Satoshi's paper is available in the original there:

"https://bitcoin.com/bitcoin.pdf" - LovelyDay

[iFixBTCmemoryIssues]

Didn't core devs try to edit it and replace words like "cash", "free", "instant",

"and "trustless"?" - jeanduluoz

[iFixBTCmemoryIssues]

Complaints from users, Day 69 (15/09/2016):

"could someone please do a TL;DR on the state of bitcoin right now?

"It's not laziness, I'm a long term holder but I have been looking at alts for the last few months. What's happening with bitcoin at the moment?" - wackyD1982

[iFixBTCmemoryIssues]

"Core doesn't want to scale on chain, and is spending time on developing off chain solutions or prerequisites for it, and using politics to keep miners on their side.

"All other implementations wants to scale on chain." - P2XTPool

[iFixBTCmemoryIssues]

Don't you think it would be a good idea to exclude Bitcoin Core from the clients you're using?

"Bitcoin Core is governed by Blockstream." - todu

[iFixBTCmemoryIssues]

It has been shown time and time again that on-chain scaling is both safe

"and can be done responsibly now." - marouf33

[iFixBTCmemoryIssues]

Currently there is a concerted effort to prevent bitcoin itself to scale by using misdirection and hollow promises of future scaling with side chains (LN) requiring implementation of new "features" needed for it to work (SW). The political control of the miners is preventing the blockchain itself from forking as the community has been trying to move forward with bitcoin itself for years impeded by politics, greed and censorship of information sources for bitcoin to keep people from discussing scaling bitcoin itself instead of side chain projects only like LN

"User are being denied the choice of the blockchain they want to follow by forcing through changes using soft fork techniques that fool the rest of the network into thinking new convoluted transactions are valid instead of doing a hard fork and allowing users decide what software they want to run. this also ensures these convoluted features are forever part of bitcoin, good or bad, broken or not" - DaSpawn

[iFixBTCmemoryIssues]

Almost the whole board of Blockstream consists of Bitcoin-naysayers (the lead dev even once "proofed" that Bitcoin cannot work), so most of them missed the $0.01->$1000 opportunity.

"Now they want to completely transform Bitcoin into some centralized system of hubs that works on some kind of prepaid transactions." - coin-master

[iFixBTCmemoryIssues]

Is $0.07 fee too low?

"Waiting 1hr+ for transaction confirm with $0.07 fee. Is it normal? 6.6k+ unconfirmed transactions now https://blockchain.info/ru/unconfirmed-transactions Something not good." - MrXtar

[iFixBTCmemoryIssues]

heartbreakingly

"disappointing" - italeffect

[iFixBTCmemoryIssues]

Complaints from users, Day 70 (16/09/2016):

Core /Bitcoin.org changed the language from "free to send"

"to "free to receive"." - seweso

[iFixBTCmemoryIssues]

bitcoin is a public good that volunteers, like me, will not only work for voluntarily but also donate resources (like full nodes) for free. So yeah, I don't mind seeing adoption grow worldwide if it means bitcoin replaces the current flat system.

"Maybe you should stick with the existing fiat system?" - hodls

[iFixBTCmemoryIssues]

there is no need to create artificial scarcity to force up fees to pay for an already

"subsidised service." - Adrian-X

[iFixBTCmemoryIssues]

There are studies that show that 90% of the nodes can handle block sizes of 4 MB. According to this information

"the 1 MB block size parameter is at least 4 times smaller than the number it should be." - tl121

[iFixBTCmemoryIssues]

A censorship-resistant payment system that is so expensive that people can't use it but for extremely rare extremely high value payments, will do next to nothing

"to bring economic freedom to the masses. " - Chris_Pacia

[iFixBTCmemoryIssues]

it will kill the remittance market potential

"of bitcoin." - e1618978

[iFixBTCmemoryIssues]

I am often paying 60c AUD

"for my transactions .." - phalacee

[iFixBTCmemoryIssues]

Paypal is cheaper, use Paypal, or Visa..

"only 2% fee.." - mishax1

[iFixBTCmemoryIssues]

Transaction won't confirm even with a big fee. Help!

"I sent 15 BTC because I need to sell it ASAP. The damn transaction won't confirm! I'm watching on the blockchain site and it's not made it into the last two three four five six seven blocks after I sent it.

I sent it "very high priority". It was $0.14 in Bitcoin. If it doesn't get 6 confirmations by end of banking hours, I can't sell it on the exchange website and do the bank transfer today which means I'm @#$@ed!

Bitcoin isn't working right anymore. What is going on and is there anything I can do?" - URGOVERNMENT

[iFixBTCmemoryIssues]

Network is working at maximum capacity

"https://imgur.com/a/Fg50s#EkgG5up" - MrXtar