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Ponce
4th March 2016, 08:54 AM
Bitcoin's nightmare scenario has come to pass
Over the last year and a half a number of prominent voices in the Bitcoin community have been warning that the system needed to make fundamental changes to its core software code to avoid being overwhelmed by the continued growth of Bitcoin transactions. There was strong disagreement within the community, however, about how to solve this problem, or if the problem would ever materialize.

This week the dire predictions came to pass, as the network reached its capacity, causing transactions around the world to be massively delayed, and in some cases to fail completely. The average time to confirm a transaction has ballooned from 10 minutes to 43 minutes. Users are left confused and shops that once accepted Bitcoin are dropping out.


Read more: whatreallyhappened.com http://whatreallyhappened.com/node#ixzz41xCFJlHN

mick silver
4th March 2016, 09:02 AM
"If you don't hold it, you don't own it"... Ponce

"I'll never stop learning because I'll never stop reading"... Ponce

Glass
4th March 2016, 09:37 AM
I was going to say what the 1st comment said. Most likely under attack.

http://whatreallyhappened.com/content/bitcoins-nightmare-scenario-has-come-pass

Joshua01
4th March 2016, 10:06 AM
I was going to say what the 1st comment said. Most likely under attack.

http://whatreallyhappened.com/content/bitcoins-nightmare-scenario-has-come-pass

While bitcoin is viewed by many as a viable alternative currency, it's still created out of thin air and not something I can hold. I'll stay on the sidelines for now

monty
4th March 2016, 10:21 AM
http://youtu.be/eUFsNSpQsEU

https://youtu.be/eUFsNSpQsEU

Ponce
4th March 2016, 12:39 PM
Our maximum leader at his site is a firm believer in BITCOIN......well, I thank you guys for you have spoken for me.

As far as I am concern all lf todays coins that I have been saving for the past thirty four years are more valuable then bitcoins.

V

madfranks
4th March 2016, 01:04 PM
Bitcoin's Capacity Issues No 'Nightmare', But Higher Fees May Be New Reality (http://www.coindesk.com/bitcoin-capacity-nightmare-fees-reality/)

Shami-Amourae
4th March 2016, 01:06 PM
It will just lead to better designed alt-coins to take reins.


https://www.youtube.com/watch?v=VnP9d1nuxDw


It's an organic process without any true leaders or significant centralized authority.