Bitcoin Transaction Backlog Surpasses the US$1bn Mark
Most Bitcoin users will be well aware of the ongoing transaction queue issues right now. A lot of transactions are stuck in the mempool as they await network confirmations. Earlier today, it appeared close to US$1bn worth of BTC was stuck in limbo. Developments such as these highlight the need for a Bitcoin scaling solution, albeit that is much easier said than done.
Read more here: http://www.livebitcoinnews.com/bitcoin-transaction-backlog-surpasses-us1bn-mark/
So many other coins that would never have this problem.
Can you expound on that a bit?
I'm no expert but from what I've read, many of the more advanced coins have mitigated against such problems, by design.
Do you think that it is possible for the backlog to become so great that it makes a bitcoin fork impossible?
I don't know but it seems the infighting, community division, politics and bureaucracy are bigger hurdles to climb. The only positive thing about Bitcoin that I can see right now is the rising value. As a currency though, I keep reading again and again that there are better alternatives. Are you investing? Why not spread it out?
I'm investing my time into Steemit. I'm hoping it will pay once I get some sort of critical mass of followers.
That's a lot of money. Is bitcoin losing stability? If I were an investor (or should I say speculator?), I'd be nervous.