Scaling Problem is still not solved

There are a number of sites which are my source of bitcoins and they are having problems with the scaling problem , related to this are the higher fees and the long time confirmation for the transactions .  The list below are the bitcoin sites and what they are saying about the original core or the blockchain.com ; 

From hashflare. 

                
 Dear users,
Creating new Bitcoin withdrawal requests is temporarily disabled due to a very large number of not broadcasted and/or unconfirmed transactions still pending on the side our provider, block.io. Read more from our newsletter here.

Update 27.12.2017 09:55 UTC: BTC withdrawals are enabled in test mode, with the minimum withdrawal amount set to 0.05 BTC. Bitcoin network fee at the moment is 0.0006 BTC. We are working on changing the method of creating transactions to batches of multiple withdrawals, to reduce the time it takes withdrawals to reach the destination wallets and to reduce the network fee for our customers. We do not recommend withdrawing while the network fee is this high.

Useful links: https://blockchain.info/unconfirmed-transactions
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-rising-high/

Because of the all time high amount of unconfirmed transactions in the Bitcoin network, the network fee (commission fee in HashFlare.io) fluctuates.

From BTCclicks.com ;

We are experiencing difficulties processing withdrawals at the moment due to the increased bitcoin network traffic. This has caused numerous problems with our processing system regarding processing withdrawals.
Expect a fix in the coming days. For those who have been sent transactions that have not confirmed yet, they will either be eventually confirmed within 2 weeks or we will resend them.
In the time being, you are free to request withdrawals, but no pending withdrawals will be processed until the issues are fixed.
We are sorry for any inconvenience and are working diligently to fix these issues as soon as possible. 


I know that its not only me who is affected by this scaling problem of bitcoin the bitcoin will be trying the hard fork , it was set to start December 28/ 17 but the effect is still not not being felt yet.  We have to wait , bitcoin is undergoing one of its crisis and since 2009 just like the internet is being attacked or being corrupted. 

Transaction Fees and long line for tthe bitcoin to be confirmed

We believe that bitcoin is here to stay but the problem on  transaction fees and delayed transaction confirmation is a stumbling block on its development and progress. Becasuse of this happening, bitcoin adopters are moving to alter cryptos  like bitcoin cash,  litecoin , ethereum and other cryptos.

Now the bitcore developers had come out with the decision to try the hard fork which was the position of  bitcoin cash before which ultimately became the new BCH  or called bitcoin cash.  Lets read this development with the coin telegraph ; 

Hard Fork, Take Two: SegWit2x Will Return Dec. 28, Says Founder

 

The controversial SegWit2x Bitcoin (BTC) hard fork will go ahead on Dec. 28, according to the project’s official website.

The SegWit2x project, which caused months of debate and infighting among the Bitcoin community prior to its last-minute cancellation in November, now says it will fork off at block 501451, due in around two days’ time.

The project’s Founder and Lead Developer, Jaap Terlouw, stated on their site that the fork aims to address issues of “commission and transaction speed within the Bitcoin network,” adding that currently, Bitcoin is “almost impossible to use as a means of payment.”
Confirmation that the hard fork will, in fact, take place is indicated both in the roadmap on the project’s site, as well as in a direct quote from Terlouw:

“Our team will carry out the Bitcoin hard fork, which was planned for mid-November.”

The founder also promised that in addition to the common practice of crediting BTC holders with equivalent balances of the new coin (B2X), they would also receive “a proportional number of Satoshi Nakamoto’s Bitcoins as a reward for their commitment to progress.”
In total, eight exchanges are listed as official supporters of the fork. The project’s roadmap includes features such as Lightning Network support, smart contracts and, ultimately, anonymous transactions.

Forking season

In the past six weeks, Bitcoin Cash, another Bitcoin hard fork formed in August, has become the central talking point of the industry, as it sees remarkable growth and sparks shifts in mining and investment behavior, affecting Bitcoin’s price.
The latest incarnation of SegWit2x has so far received comparatively little publicity. However, the website copy conspicuously name-dropped one particular exchange, HitBTC. Speaking about existing SegWit2x futures, Terlouw is quoted on the site as saying:

“At the same time, trading of its [SegWit2x] futures has been carried out on some exchanges for a long time. HitBTC is among them.”

When the project first saw hints of a comeback on Dec. 19, futures prices of B2X coins saw an uptick from under $200 to almost $600, a trend which has remained steady prior to the launch.

Meanwhile, on Christmas Day, a Blockchain Angel Investor debuted his own ‘version’ of Bitcoin, Bitcoin God (GOD), while several other forks are due to join the ecosystem in the coming weeks.
For BTC investors, a key appeal of new Bitcoin ‘versions’ or hard forks  is the duplication of their BTC holdings in the new coin at the time of each snapshot, which essentially provides them with a supply of “free money.”

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What will happened now , will it be a new bitcoin just like BCH ,  i know that this developers had already established a new coin which is called  bitcoin gold which is already a hard fork but only for big time investors .  Is this bitcoin core going away from the original values of bitcoin ? 

Is it the end of bitcoins and cryptos ?

No i dont thinks so , the bitcoin dashing in to the mainstream is just starting and this what Augur as the deep  and now whats out for the rise . Last friday there was a dip of  about 35% percent . This is probably the best time to buy bitoin  i know it will rise again until the time that it had reached its peak.  Let us here from the experts .......

Black Friday Crypto Crash! Are All Cryptocurrencies Going To Zero?

Peter Schill and the Health Ranger are finally right. They were right all along.
The cryptocurrencies have all crashed and are headed towards zero.
It was only a few days ago I commented that almost every cryptocurrency was in the green. Today was the exact opposite.

    Cryptocurrencies hit an all-time high of $652 billion just a day ago and on Friday they hit a low of $423 billion for a one day loss of 35%.
They have since recovered to $540 million.

    Bitcoin hit an all-time high just above $20,000 on December 17th and recorded a low at Coinmarketcap.com on Friday of $11,833 and is currently just above $14,000.


That means bitcoin has slumped 40% since its high to the low and is currently 30% off its all-time high. Overall, bitcoin has fallen further than the rest of the sector quite dramatically in the last few days.


But, wait, are Peter Schill and the Vitamin guy right? We are only down in the neighborhood of 30-40%.

Bitcoin has actually fallen 30% five times this year already. So, on average, this happens every two months. And, during previous drops it was followed by an increase of 76%, 237%, 183%, 165% and 152% before it dropped again.

And here are past major drops going all the way back to 2010:

So, is this latest drop all that extreme? Or unexpected?

In fact, it wasn’t unexpected at all, by us here at TDV.

TDV’s Senior Analyst, Ed Bugos, put out an alert to subscribers (subscribe HERE) on Thursday warning of a pullback being imminent, saying, “We could easily see prices fall back to $13,500. The primary bull market trend is intact above $12,700, which is the last highest low.”
Less than 24 hours later and bitcoin hit Ed’s target low almost exactly. And, as you know, I have been suggesting taking profits on bitcoin and the cryptos since bitcoin soared over $15,000. And Ed reiterated that in his alert yesterday, saying, “we still highly recommend rebalancing your portfolio and reducing your crypto exposure a little."

So, we will see how this most recent pullback plays out. In this interview I did today with Rogue Money I discuss where things could be headed.

For now, this looks like a completely ordinary pullback after a massive run higher. And, a healthy and needed pullback at that.

Perhaps bitcoin and the cryptos are giving everyone an early 30% off Christmas present. If this was Black Friday and it was 30% off DVD players at Walmart, millions of American sheeple would climb over each other to get it. But, when cryptos are 30% off? For some reason, people have the opposite reaction to retail goods and they are too scared to buy.

For all those who had been waiting for the dip to buy... this is the dip.
And, on December 24th at 12pm Eastern time I’ll be revealing my next cryptocurrency pick to TDV Premium subscribers (you can subscribe or upgrade from Basic HERE).
It has fallen about 30% along with all the other cryptos in the last few days… so, if that doesn’t change by Sunday you may get it at a bargain.

For now, HODL on, everyone

JUST ENJOY THE  UP AND DOWN RIDE ....

Transaction problems still exist even with Bitcoin rising

I together with  the dollar vigilante is also confused about whats happening with bitcoin . I know that the value in dollars of bitcoin have now reached the $20,000 mark for 1 bitcoin and everybody are happy especially those who have adopted bitcoin. The rush to get on bitcoin had resulted now on clogged transactions , much higher fees and slow transaction which should not be the case but this is reality. 

 

The said super bitcoin on being FORK  is still "f" ck , so its not the solution for the bitcoin problems.  So its not clear what is happening and what will be the new set up  for this coming 2018. 

Let's watch the dollar vigilante interviewing the CEO of bitcoin cash  Amaury Sechet

The difference between the bitcoin cash from the original bitcoin, the segwit , bitcoin gold and the lighting network .

As i was watching it seems  that the bitcoin core is leaning to the controlled kind of system which is deviating to the original values of the bitcoin. 

We will see what will happen , of course for me i like the values of the bitcoin cash which was the real bitcoin before. 

 Let's watch the lightning network ;

Will the developers of the original bitcoin for the globalist ? 

So we will watch the development from here !!

Net Neutrality being attacked again

In the US the FCC had approve the net neutrality which means that the internet will have changes on how it works there will be corporations who can control a part or major part of the internet. How it will affect our daily use of the internet , the bitcoin and blockchain is waiting its outcome. 

But nevertheless it still have to be approve in congress and there's also a lot of  public sectors who are agains the end of net neutrality. 

Let's hear the side of  Andreas Antonopolous about net neutrality ; 

Andreas Antonopolous sees that the internet is monopolise by the big corporations . Blockchains will not be affected by the end of net neutrality.  The move gives us the idea of funding with crypto currency the internet .  The satellite program for the bitcoin and blockchain is an example that will not be affected by the end of net neutrality. (  The statements came from Andreas) 


What is net neutrality ? 

Ok so the road for the internet would favor those who can afford .  It had been this way a long time ago,  there is always a sector usually the big ones who had the way to control things , that is why there is the bitcoin which favors those who is the majority and can do something to change this system. Andreas is right the bitcoin adopters can do something for this killing. 

If you agree that net neutrality should be a fighting cause just visit this site,  read , watch the video and  register your vote for net neutrality https://www.battleforthenet.com/

The answer to the slow blockchain

Super Bitcoin Hard Fork To Launch Tuesday To ‘Make Bitcoin Great Again’

 

Tuesday will see the launch of Super Bitcoin, a new hard fork which developers say will “make Bitcoin great again.”

One of a handful of forks due to diverge from the Bitcoin core chain this month, Super Bitcoin is a Chinese effort looking to optimize Bitcoin through measures such as Lightning Network and an 8-megabyte block size.

The new chain’s network snapshot is set for block 498,888, to occur during Tuesday, Dec. 12.
Explaining the impetus behind their decision to create the new fork, developers said they were acting according to ideas from the “Bitcoin community.”

“Please remember: ‘This is just an experiment,’” the project’s website advises.
“We are merely implementing the proposals recommended by the Bitcoin community. Only when we put these talks into actions that we can make Bitcoin great again.”
Broadly following Bitcoin-esque attributes, Super Bitcoin is nonetheless notable for its supply 21,210,000, which includes 210,000 pre-mined coins.

“The 210,000 pre-mined tokens will be managed by the Super BTC Foundation and are mainly used to encourage early developers, invest in the super BTC ecosystem and ensure the operation of the Super BTC Foundation,” the website explains.

Major Bitcoin mining pools f2pool and BTCC are allegedly slated to support the fork, while 21 exchanges will notionally offer trading, according to listings.
December also sees the birth of new Bitcoin ‘versions’ with names including Bitcoin Uranium, Bitcoin Cash Plus and even Bitcoin Gold.

The value of bitcoin is getting higher not stopping

When i posted  my latest article about bitcoin the value was about $10,000  now it is reaching $16,000 and it still keep on getting higher. It is now reaching the mainstream and would probably reach $20,000 by the end of the year.

In relation to this rising of the bitcoin , the blockchain.info could not cope with the demand. With the sudden increases the input to the ledger or the blockchain is becoming slower doing its job. These phenomena is affecting the whole of the bitcoin system.  I cannot check my account on the blockchain.info though i know that they have to solve this problem.  

I do believe that its not only about the slowness that is the problem, i think this is about the capacity of the blockchain  that was the debate long time ago which had resulted to the creation of bitcoin cash and the original bitcoin. Bitcoin cash (BCH) had created its own blockchain with a capacity that can handle much larger than the original but its not that popular.  While the original stick to its size but would divide the input of transactions into smaller amounts. 

With this developments of slow transactions and with the possibility of greater demand for bitcoins it is necessary to make the blockchain capacity to be bigger.  So let us see what will happen?

Now its getting clearer and clearer that bitcoin would be the new or future money which is why everybody are invited to be involve with bitcoin phenomena . In my venture for more bitcoins i am targeting now investments like bitconnect , i think its high time that i switcth to this venture not the clicking on sites that pays bitcoin which are slow. 

What is bitconnect ? 

 

BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who, like you, are seeking the possibility of income stability in a very unstable world.Visit Bitconnect Official website: https://bitconnect.co/?ref=bits4rod

In the video its all explained on what is bitconnect ? if your interested to invest and have profits daily then register and be a member. 

In my experienced i just started with the basic and it really works daily i am earning 1% of the basic investment , the basic is about $100 the interest you get can also be invested again and again.  But how can it be bigger , an increase with the investment is necessary, so lets rock and roll . 

Its a fact bitcoin is now worth $10,000 but how?

Experts Answer Question: “How Did Bitcoin Reach $10,000?”

In January this year, $1,000 was the milestone Bitcoin owners were eager to reach. The digital currency hit that, overcame it and increased ten-fold to over $10,000. This year has been filled with good news for digital currency, from another Asian market boom, to Bitcoin’s integration with the Square App, the launching of regulated futures markets and growing mainstream adoption. Despite being laughed off for years, Bitcoin is only just beginning to become a force to be reckoned with in the global economy.

Cointelegraph had the opportunity to speak with several experts and ask them the question: “How did Bitcoin get to $10,000?” We have shared their responses below.

Institutional money

Hedge funds, pension funds, family offices and the like have shown extraordinary interest in Bitcoin this year. Such “institutions” control vast amounts of money. As an example, the UK-based hedge fund Man Group, which has expressed interest in trading Bitcoin, controls assets exceeding $100 bln.

Simon Yu, CEO of StormX, said:

“The Bitcoin price is at an all-time high is due to institutional money finally starting to flow into the cryptocurrency market. Recently, announcements from the South Korean Bank Hyosung in support of Bitcoin, from CME Group announcing they'll be launching a Bitcoin futures market, and from Square Cash announcing Bitcoin will be supported caused bullish behavior in the market, pointing to a major shift.

“The general public is starting to realize Cryptocurrency is beginning to be adopted to mainstream markets and will continue an upward trend as they see the potential for more companies to adopt cryptocurrency.”

Christopher Grey, COO of Caplinked, agrees with Yu’s statements, but is far less Bullish in the matter:

“Investors unfamiliar with crypto are piling new money into Bitcoin right now, making the situation highly unstable as investors expect the price of Bitcoin to keep going up. Any declines could be exaggerated dramatically because they are not stable owners of Crypto.

“Alternatively, the price could continue to rise parabolically, drawing in enormous sums in the tens of billions of dollars from other risky liquid investments like growth stocks and junk bonds. This could cause the prices of those investments to weaken as a result of this liquidity moving out of them and into Crypto.”

“Either way, this situation is not stable and cannot continue for an extended period of time. Something needs to give in one of the risk markets, as liquidity in these markets is not infinite and nothing here is being created, just moved from one risk market to another by speculators. This didn’t matter when total crypto value was small, but at these levels of hundreds of billions in value, it becomes a substantial user of global risk capital.”

Newcomers are still early adopters

In 2014, when Bitcoin hit its first real mainstream swing with Coinbase and other exchanges upping their user experience, people were already asking: “Is it too late get into Bitcoin?”

Those questions persist today, and recur every time Bitcoin’s price rises another $1,000. However, since only an estimated half-percent of the global population uses digital currency, there is still plenty of time to be an early adopter.

Jon Chou, CEO of Bee Token says:

“People often complain that it's too late to get into Bitcoin, that most of the early adopters have been in since 2010 and there's no more or little room for upside. I'll offer an alternative long term-angle; this is not financial advice. According to Blockchain.info, there are approximately 700,000 Bitcoin addresses as of November 2017.

“One of the main problems Bitcoin claims to solve is the issue of remittances, basically globally distributed access….Well, there are seven billion people in this world. Assuming a 10% penetration rate and if everyone owns just one address, then there are still 700 million address potentially in the future. That's a potential 1000x in user base. Regardless of fluctuations in price in the short term, it's important to realize how early we are in the Blockchain space as a whole.”

Sol Lederer, Blockchain Director at LOOMIA echoes Chou’s point, stating that Bitcoin is still in its infancy, and that Bitcoiners from 2010 and earlier are now starting to be vindicated rather than victimized.

“Long-time Bitcoiners finally feel vindicated that their currency that has been ridiculed for years, is at last being taken seriously. Naysayers may still say Bitcoin is a bubble, but very few would argue it’s worthless or a scam, yet only a year ago this was a common narrative.

“Bitcoin’s future is still uncertain; it faces the same serious technical challenges it has for years, and faces stiff competition from newer, more sophisticated Blockchains. But even if it were to crash, it’s apparent that Bitcoin is here to stay. Whether it trades at $10,000, $5,000, or $500, it’s not going away.”

Wait for more , increases  grab some bitcoin  here   http://generatebitcoinmakemoney.blogspot.ca/p/blog-page_17.html