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Bitcoin Losing Data Faster Than Ever
Anonymous Coward
User ID: 79198381
United States
12/07/2023 01:12 AM
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Bitcoin Losing Data Faster Than Ever
[
link to broward.ghost.io (secure)
]
Bitcoin received more transactions than it could process from April to Sept, shown in the growing mempool (queue).It’s reasonable to assume higher interest from impending ETFs, adoption by Argentina, etc, would increase traffic, but also increase lost transactions much higher.
Now look at the data as megabytes instead of transaction count.
Surprise! They reworked something to make count look better but the actual data being queued is larger and growing faster than ever, which is what I’d expect from recent price increases.They’re aggregating transactions or switched a compression algorithm, something like that.
Bitcoin needs an $86K coin price to keep running in 2024.
Anonymous Coward
User ID: 83674890
United States
12/07/2023 01:15 AM
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Re: Bitcoin Losing Data Faster Than Ever
Nope!
Anonymous Coward
User ID: 72718167
United States
12/07/2023 01:28 AM
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Re: Bitcoin Losing Data Faster Than Ever
All crypto currency is sustained by continued pump and dump schemes and they’ve really been pushing the btc propaganda a lot lately.
And every other day there’s a new warning about emps, or solar flares taking out large sectors of communication systems (if not the entirety of all electrical systems on the planet)
And everyday is a new “someone just started ww3” so that most likely is also a REAL possibility.
If any number of almost inevitable scenarios plays out all their value is meaningless for at best half a year at worst forever.
Then if any networks ever do come back online the sell-off will happen like a bank run and since it’s a massive criminal run operation nobody will ever have the funds needed to make any exchanges plus it will have no value since it’s a bigger risk of having everything stolen from you then going to the ghetto filled with thieves and leaving a hot red convertible with a trillion dollars flying out of the trunk and expecting it not to be stolen.
Till then all we can do is hope there’s no insane commie groups using it to fund wars and poison the world.
Anonymous Coward
User ID: 75236824
United States
12/07/2023 01:32 AM
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Re: Bitcoin Losing Data Faster Than Ever
[
link to broward.ghost.io (secure)
]
Bitcoin received more transactions than it could process from April to Sept, shown in the growing mempool (queue).It’s reasonable to assume higher interest from impending ETFs, adoption by Argentina, etc, would increase traffic, but also increase lost transactions much higher.
Now look at the data as megabytes instead of transaction count.
Surprise! They reworked something to make count look better but the actual data being queued is larger and growing faster than ever, which is what I’d expect from recent price increases.They’re aggregating transactions or switched a compression algorithm, something like that.
Bitcoin needs an $86K coin price to keep running in 2024.
Quoting:
Anonymous Coward 79198381
Now you are going to spam GLP with your hot take? Back for more?
Mods ban!
Anonymous Coward
User ID: 84925275
United Kingdom
12/07/2023 01:42 AM
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Re: Bitcoin Losing Data Faster Than Ever
its a trick to take it all out with EMPs
Anonymous Coward
User ID: 84925275
United Kingdom
12/07/2023 01:42 AM
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Re: Bitcoin Losing Data Faster Than Ever
and its musical chairs
lunacy
Anonymous Coward
User ID: 24306716
United States
12/07/2023 01:52 AM
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Re: Bitcoin Losing Data Faster Than Ever
a queue isn’t a queue if you constantly push the overflow but never have bandwidth to pull and process it.bitcoin
dropped at least 1 million transactions from April to Sept.
you can see it in the confirmation time which shot up to
18 days to drain the pool.
Average default time is 14
days.Thousands of transactions were timing out every
day.
[
link to ycharts.com (secure)
]
But go ahead and buy the magic!
Nobody would ever trick YOU into an ETF!
.
Anonymous Coward
User ID: 24306716
United States
12/07/2023 02:11 AM
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Re: Bitcoin Losing Data Faster Than Ever
as for “adding more capacity”‚ don’t you think they already
tried? if I have one woman and I need a baby in one
month, can I add 8 more women to make it happen?
This thing is screaming “Enron 2” in your face.Blackrock
has tens of billions of reasons to make you the bagholder.
they added some Mystery Marvel oil to the engine in Oct
to stop the smoke pouring out of the tailpipe until they
can ETF and cash out.
Anonymous Coward
User ID: 86573297
United States
12/07/2023 02:26 AM
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Re: Bitcoin Losing Data Faster Than Ever
All crypto currency is sustained by continued pump and dump schemes and they’ve really been pushing the btc propaganda a lot lately.
Quoting:
Anonymous Coward 72718167
You live in a place where the banks didn’t fail every decade or 12-20 years and needed a bailout?
Full page ad, thanks for the bailout!
Not really though, the stock market has existed for a little less time then human history where they had infinite wealth from which year would you guess?
Everyone running around in every country with shiny steel breastplates (that thread with the cleavage saved the last 5 minutes of looking at these threads) when your great great great …[great great great] …grandfather was alive.
Pump and dump “schemes” probably happen 5 times a day and the money that changes hands are pretty up there.
Look at how much daily volume from just the top few crypto coins and you can see billions (more actually) get vacuumed out of the people who throw some money in.
And try to get an exchange to cash out anything you’ve made.Good luck! You can’t have bought, sold, traded within 48-72 hours and your password will be continually changed so you have to also wait 48-72 hours to make sure that your not some no-good-thief!
scam rating: 5 out of 5 glue huffs
Anonymous Coward
User ID: 85493489
United States
12/07/2023 02:29 AM
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Re: Bitcoin Losing Data Faster Than Ever
All crypto currency is sustained by continued pump and dump schemes and they’ve really been pushing the btc propaganda a lot lately.
And every other day there’s a new warning about emps, or solar flares taking out large sectors of communication systems (if not the entirety of all electrical systems on the planet)
And everyday is a new “someone just started ww3” so that most likely is also a REAL possibility.
If any number of almost inevitable scenarios plays out all their value is meaningless for at best half a year at worst forever.Then if any networks ever do come back online the sell-off will happen like a bank run and since it’s a massive criminal run operation nobody will ever have the funds needed to make any exchanges plus it will have no value since it’s a bigger risk of having everything stolen from you then going to the ghetto filled with thieves and leaving a hot red convertible with a trillion dollars flying out of the trunk and expecting it not to be stolen.
Till then all we can do is hope there’s no insane commie groups using it to fund wars and poison the world.
Quoting:
Anonymous Coward 72718167
VISITOR
User ID: 83972352
United States
12/07/2023 02:32 AM
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Re: Bitcoin Losing Data Faster Than Ever
as for “adding more capacity”‚ don’t you think they already
tried? if I have one woman and I need a baby in one
month, can I add 8 more women to make it happen?
This thing is screaming “Enron 2” in your face.Blackrock
has tens of billions of reasons to make you the bagholder.
they added some Mystery Marvel oil to the engine in Oct
to stop the smoke pouring out of the tailpipe until they
can ETF and cash out.
Quoting:
Anonymous Coward 24306716
They need the ETF to wash American pension funds into bitcoin to keep Evergrande afloat.
They have a half trillion dollar exposure to the Chinese real estate ponzie scheme.
Soon it just won’t be Tether proping up Chinese commercial paper it will be our life savings.
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