📅 Original date posted:2015-06-19
📝 Original message:>
> Or alternatively, fix the reasons why users would have negative
> experiences with full blocks
>
It's impossible, Mark. *By definition* if Bitcoin does not have sufficient
capacity for everyone's transactions, some users who were using it will be
kicked out to make way for the others. Whether that happens in some kind of
stable organised way or (as with the current code) a fairly chaotic way
doesn't change the fundamental truth: *some users will find their bitcoin
savings have become uneconomic to spend*.
Here's a recent user complaint that provides a preview of coming
attractions:
https://www.reddit.com/r/Bitcoin/comments/39r3bi/breadwallet_asking_me_to_pay_over_10_network_fee/
Hello, I'm just trying to send my small Sarutobi-tips stash (12,159 bits)
> onto a paper wallet. When I try to send it, a window pops up stating
> "insufficient funds for bitcoin network fee, reduce payment amount by 1,389
> bits?" This would be a fee of $0.32 to send my $2.82, leaving me with $2.50.
These sorts of complaints will get more frequent and more extreme in the
coming months. I realise that nobody at Blockstream is in the position of
running an end user facing service, but many of us are .... and we will be
the ones that face the full anger of ordinary users as Bitcoin hits the
wall.
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 15:38:37
in reply to nevent1q…r08q
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydSeen on
wss://relay.noswhere.comPublished at
2023-06-07 15:38:37Event JSON
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"content": "📅 Original date posted:2015-06-19\n📝 Original message:\u003e\n\u003e Or alternatively, fix the reasons why users would have negative\n\u003e experiences with full blocks\n\u003e\n\nIt's impossible, Mark. *By definition* if Bitcoin does not have sufficient\ncapacity for everyone's transactions, some users who were using it will be\nkicked out to make way for the others. Whether that happens in some kind of\nstable organised way or (as with the current code) a fairly chaotic way\ndoesn't change the fundamental truth: *some users will find their bitcoin\nsavings have become uneconomic to spend*.\n\nHere's a recent user complaint that provides a preview of coming\nattractions:\n\nhttps://www.reddit.com/r/Bitcoin/comments/39r3bi/breadwallet_asking_me_to_pay_over_10_network_fee/\n\nHello, I'm just trying to send my small Sarutobi-tips stash (12,159 bits)\n\u003e onto a paper wallet. When I try to send it, a window pops up stating\n\u003e \"insufficient funds for bitcoin network fee, reduce payment amount by 1,389\n\u003e bits?\" This would be a fee of $0.32 to send my $2.82, leaving me with $2.50.\n\n\nThese sorts of complaints will get more frequent and more extreme in the\ncoming months. I realise that nobody at Blockstream is in the position of\nrunning an end user facing service, but many of us are .... and we will be\nthe ones that face the full anger of ordinary users as Bitcoin hits the\nwall.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150619/94ba867c/attachment.html\u003e",
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