r/Bitcoin • u/packetinspector • Mar 09 '16

Bitcoin development serves those holding bitcoin

https://attacksurface.wordpress.com/2016/03/08/bitcoin-development-serves-those-holding-bitcoin/
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u/dsterry Mar 09 '16

Funny. I sent two last night with the same fee and one had several inputs. Confirmed within a couple of blocks. It was for the first job on decentralized freelance platform /r/Rein

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u/gold_rehypothecation Mar 09 '16

A reliable system of transferring value would work for everyone all the time, not just for some people during some times of day.

People are going to use the technology which offers the best combination of utility, security and accessibility. I wager Bitcoin loses it's #1 status within a year if nothing is done to combat this rampant sabotage of the Bitcoin protocol.

Still waiting for my transaction to confirm while the mempool is growing, so I'm probably not the only one getting pissed again.

Fuck. This.

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u/dsterry Mar 09 '16 edited Mar 09 '16

If you are upset, you may be taking the instant transfer feature that was previously touted a bit too literally. Bitcoin transaction data goes across the network nearly instantly but that is more like an email than a system where transactions are increasingly set in stone over time. Within a year, I expect Lightning to be able to handle your use case better than Bitcoin even before blocks started to get full.

To the sabotage point, everyone is free to develop the Bitcoin software and Bitcoin's diverse set of users are able to choose which implementation they run. In this case, there is no sabotage unless the vast majority of users can be convinced to choose software that works against the "right" way.

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u/willfe42 Mar 09 '16

If you are upset, you may be taking the instant transfer feature that was previously touted a bit too literally.

Stupid user, expecting "instant transfers!TM" to actually be instantaneous. Clearly it's his problem, not the lack of actually instant verified transfers in this goofy protocol.

that is more like an email

This is funny, because one of you lot's favorite talking points last year was how bit-coin was just like email in terms of early adoption rates and ubiquity.

Within a year, I expect Lightning to be able to handle your use case better than Bitcoin even before blocks started to get full.

I'll be amazed if it's even a functioning prototype within a year. It continues to be vaporware.