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Bitcoin - [BTC] [SHA256] [message #18] Thu, 03 March 2016 20:09
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Bitcoin Gets As Busy As Ever, Speed Slows, Backlog of Transactions Grows
December 3, 2016

"Just as announced the week between Nov. 20 and 27 to be Bitcoin 's busiest week ever, several tens of thousands of unconfirmed transactions have popped up on the network again prompting questions about the spike, including: is the journey to mass adoption about to finally take-off? Will this last? Is it a spam attack? reported that within the week there were two million transactions, a backlog of tens of thousands of transactions to confirm and a record 333,466 transactions processed in a day, resulting in average confirmation times reaching an unusually slow speed of more than two hours."

Read more here: -speed-slows-backlog-of-transactions-grows/


Bitcoin's nightmare scenario has come to pass - The network's capacity to process transactions has maxed out (or has it?)
http:// te-transaction-limit-crisis

Bitcoin's Capacity Issues No 'Nightmare', But Higher Fees May Be New Reality
http:// m_source=feedburner&utm_medium=feed&utm_campaign=Fee d%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29 &utm_content=FaceBook

Is bitcoin a safe haven against mainstream money mayhem? gainst-mainstream-money-mayhem/

Genesis Mining launches the world's first Bitcoin mining fund hes-the-worlds-first-bitcoin-mining-fund/

Bitcoin Classic version 0.12.0 is now available (Recommended) g/v0.12.0cl1

Bitcoin Core version 0.12.0 is now available


Bitcoin development has been bought out by a private company called "Blockstream".

Blockstream is currently paying off many of the key Bitcoin "Core" software developers .

Bitcoin Core developers on the Blockstream payroll:
• Adam Back, Blockstream President (adam3us)
• Gregory Maxwell (nullc) (gmaxwell)
• Pieter Wuille (pwuille) (sipa)
• Matt Corallo (TheBlueMatt)
• Mark Friedenbach (maaku7)
• Luke-jr (luke-jr)
• Warren Togami
• Jorge Timon
• Rusty Russel
• Gregory Sanders
• Patrick Strateman

Blockstream has directed the crippling of Bitcoin in order to provide the solution, for their own future, financial gain.

These Blockstream-paid Bitcoin developers (for the Bitcoin "Core" software) are enforcing a limit on how much information can be transacted in Bitcoin. This is limiting the number of transactions to just 3 per second, approximately.

Blockstream is concurrently developing a "solution" to this problem, called the "Lightning Network". This "solution" is to be placed on top of the crippled Bitcoin network to allow it to scale. Blockstream will monetize the Lightning Network in the form of fees required to use their service.

Additionally, for the past 8 months, Blockstream has been utilizing censored discussion forums for their communication, thus preventing awareness of this issue from being widely known. All discussion mentioning this has been (and continues to be) deleted and banned .

In short, Blockstream has created a problem so they can provide the solution. And they are doing everything they can to keep it that way. (View more info on this on the un-censored forum) lockstream_business_plan/


Bitcoin is able to scale on its own without being crippled by artificially imposed limitations such as those Blockstream has enforced. But these Blockstream developers are not allowing this very simple change to occur.

Urge all miners and mining pool operators (not users) to run Bitcoin Classic.
Go to for un-censored discussion.

The only way for this private company, Blockstream, to be removed as the central authority over a crippled Bitcoin is for miners and pool operators (not users) to adopt a different implementation of Bitcoin, such as Bitcoin Classic. Having a diversity of implementations also creates a positive competition among entities that control the protocol. Failure of miners to adopt a different version will result in Blockstream's paid Bitcoin Core Developers to have unfettered control of the Bitcoin system for their own financial gain.

Remember, the only solution is for MINERS and POOLS to adopt non-"Core" software.

Please spread the word, and translate this message to the large Chinese Bitcoin mining community as well.

- See more at:

[Updated on: Fri, 03 February 2017 01:46]

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