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RE: Doc Brown's Multiple Bitcoins Theory

in #bitcoin7 years ago (edited)

Bitcoin is so backlogged you have to pay dollars to bribe the miners to process your transactions quickly.

I keep seeing you mention that it takes days to send coins and how expensive it is: this is flat out false. Bitcoin transactions cost under $0.25 and go through almost instantly. The mempool was bloated due to manipulation by either Jihan or Roger because they want larger blocks: once they lost that debate they stopped spamming transactions and decided to do a fork nobody wants instead.

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Ah. Thanks for that insight. So let's call what they did a "stress test".
BitShares had one of those. A bunch of community leaders threw everything they had at it and we clocked 3300 TPS without taking the sweat-o-meter off zero. No one could generate enough spam at one time for BitShares to even notice.

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