Any news on when we can expect to see changes? The BTC gas fees are seriously hurting vendors and customers. 02/02/24.

God speed and good luck.

Nice to see some change in the making. Just out of curiosity, why a stablecoin? Would it not be easier to just implement Sol as the payment token? Don't mean to be negative but it's very difficult to create a stablecoin that will continuously maintain it's peg. Is it an algo based stablecoins you guys are developing?

I did see that Circle have just released their EURO stablecoin which afaik is on Solana Chain. Could possibly be an idea to use. Would be like USDT but without having to pay ETH gas fees.

usdt solana has been around for a while, stable and smallest fees around

this is correct, usdc is also a popular usd stablecoin.

the new euro backed stable coin is a good suggestion and we are keeping an eye on it's progress.

would it be viable to add monero (or, honestly, any coin with decent privacy and transaction fees) as an alternative in the meantime? the bitcoin transaction fees have gone utterly mental recently, and it's scaring me away from the site.

They will use an existing stablecoin on Solana.

Privacy is decent and network fees will be minuscule although you will need a tiny amount of SOL in order to transact.

is it actually tether? if so how will they avoid addresses being frozen if the wrong attention ever fell on here?

Definitely would be better with BCH. I don't trust solana one bit tbh

bch was deprecated the day it was born.

Sad day indeed given it was what BTC should have been. (Could have been).

It's time will come though when people say fuck paying $XXX's in fees bcoz that is frankly ridiculous for the oldest crypto going on 16 years now...

Understandable given the number of blockchain halting episodes in recent years...although I do genuinely believe Solano to be a more robust and dependable chain now...although still nowhere near as decentralised as Cardano....which along with low fees now has a number of stablecoin options

mmm 'blockchain halting' or centralised ownership may be a better term for it.
It's shady af in my opinion, and, BCH is well.. bitcoin. Still decentralised, just the better version with bigger block size and vastly cheaper fees...

Yup. Its supposedly sacrificing the decentralisation for far higher TPS....but the fact it can be turned on and off doesn't sit right.
Can't wait to see the Cardano network properly battle tested at scale...been using some Defi Dapps and have been impressed so far.
Bitcoin Cash would be a nice option here though

If you like ADA, check out ERG, basically a BTC successor without any VC backing, fair pre-mine, ASIC resistant, POW, eUTXO etc...

Are you actually creating a new coin from scratch? Would it not make sense to at least switch to a currently existing coin that resolves some of bitcoins issues? At least as a temporary solution until your new coin is finished.

Thank you for working on a fix for this :)

they should just switch to litecoin or even better monero

tether is centralised and they can freeze addresses. There is a reason no illicit market uses tether, there are too many cons and barely any pros

To little to late for some, how many customers have been lost now!?

Ireland is like a graveyard and the UK is almost as bad.

This should of happened ages ago and now just feels like we are in a perpetual nightmare.

If they wanted different coins they would of implemented them by now. I would say at this rate we have a few weeks left of trading till we go bust.

And all the while the buyers keep throwing money at a new vendor and constantly promote that vendor without regard or any sense of loyalty to others it is just typical of the society that we live in. Where has the peanut vendor gone??

Why is no one calling this out??

It's as simple as this really, there's teenagers setting up websites for their 'NFT Projects' which have all crypto payments implemented including BTC, ETH, ADA, XTZ, SOL etc... If LB really wanted to utilize another chain or layer 2, it would of been sorted a long time ago.

I see a lot of people going on about privacy concerns etc, yet majority are using a CEX to on-ramp/off-ramp so your privacy is already out the window I'm afraid. Even BTC, to people that know what they're doing, come on it really ain't hard to follow the coin on-chain.

We are buying bits of herb at the end of the day, LB is pretty tame with the products on here so I can't imagine feds are gunna be spending resources and money to track down JimmyBois half oz he bought for the weekend. Obviously maybe a bit different for vendors though I appreciate that.

Is anyone actually able to clarify what the issue is? Is it something to do with the escrow settlements which is causing problems for implementing? Tbh it would be cool for th escrow to be a SC and just autonomously act out.

Very good points mate, most of which could no doubt be answered if the Borgs would only talk to us in more than riddles.🙄
Personally I suspect that the payment processor transaxe.com insists only on btc and to offer an alternative means a departure and a whole new processor which is blowing noodles.
Just a hunch 🤷‍♂️

Yeah the cryptic riddles and communication could be a bit better!
Must be something like that, all I can think is that it's moreso to do with transaxe side of things. But then again speaking as someone who has very little knowledge on coding, even I can create a SC that receives payments, distributes under certain parameters/conditions, creates information functions etc.. It'd be simple ASF don't get me wrong, but I really don't think this would be hard at all for someone that is clued up on it.

You could probably even copy and pasta the template lol

It seems to of gone quite there was talk about it in December.

Yes you are right with the next generation of quantum computers and AI most sites are going to become even more vulnerable.

29/01/24

I find it astonishing that they're happy for buyers to go elsewhere. I use another platform now and pay in LTC, £100 costs me about £3 to buy and less than 1p to transfer which is completed in less than 20 minutes. Its a real shame as I love LB but I'm not willing to pay through the nose for the privilege when there are very much comparable market places, that accept 3 or 4 payment methods.
08/02/24

Good work guys. Have we any rough ETA's of when implementation will be? Wish I could help but I not very computer minded.

Have you got any links to your current works?

Any chance of an update on this blockhead?
17/02/24

Saw something recently on a completely random topic from transaxe saying this is all still months away from implementation

to me it still feels like the seemingly intentional vagueness of it all is a bit odd, and not really aiding progress
17/02/24

The more payment methods the better in my opinion but i get how hard it is to restructure these things.
Pity the evil overlords wont let you guys just use Fiat payments would be cool if i could just buy using the good old British pound.

Yet there are other clear net sites that do just that- give the option to pay in £££...why are they not bothered I ask myself?

Good to hear lets just hope it is as stable as BTC with price fluctuations would be good for vendors while we are waiting to be paid out to have the facility to switch into stable.

22/12/23

🙌🏼🙌🏼 thank you!!!!

Any updates on this?
I along with many others, no doubt have had to resort to other sources that accept other crypto (ltc) with practically no fees, I love LB but when I can save a small fortune, I'm spending my crypto elsewhere.

What sort of timeframe are we looking at for a move to using a different coin .. we need it now more than ever .

All the best LB Famo 💪💪

Who's "we"?

Bump

That's music to my ears because the last 30 days have been a joke regarding BTC network fees and there seems to be no sign of a let up

What are you using to be able to select the timing? Anyone that has the option should just be using the flexible option and not worrying about it... Not everyone has the option

Not currently mate. It's pay the maximum or it won't get through at the moment. It was over 300 sat/vB for entry to the block just before confirmation yesterday (19/11), and if you weren't paying the maximum then that 1 hour quickly turns into 24 hours or more as people pay higher and higher fees, and the 24 hour one never gets confirmed.

I got quite lucky. Tbh I find fees change really randomly. $70 could be $20 fee and $71.50 is a $5. Worth a play anyway.

Thank you both for clarifying!

It's risky, I've seen multiple cases when the 0 fee flexible payment still hasn't cleared after 8 weeks.. you probably might start worrying then! Besides vendors have cut off times etc & with my THC appetite I can just about wait 24hrs for NDD as it is 😂

I have access to SafePal & Bitvavo (registered outside UK). Otherwise I use Coinbase with my regular uk bank.

👏👏👏

Sounds good, yes the fees on BTC can be a sting when u add it up overtime. Definitely something I would support 🤜 good work lads

so when might b an expected arrival of this payment option ... are we talking weeks, months even years ?

This bigga

Why 'USD'?
I thought most on here were UK

Here is someone actually doing something, rather than saying what "should happen". You deserve our support, not armchair criticism. Any way I can help count me in.

0 criticism towards anyone trying to help so not sure where you pulled that from.

Owner could have this change and alot of other changes on here generously bountied to incentivise them getting completed.

Hope you can help with this 🙏

Very generous of the vendor, but the amount of profit this site brings in on a daily basis, a few thousand is literally pennies.

Why are vendors having to chip in? The owner should increase the reward themselves for everyone's benefit. Money talks, if the incentive is high enough the job will get completed.

no, it wasn't generosity, it was from an investment.

Owner still should be the one funding this regardless of where the money come from off the vendor.

Either way, hopefully it gets implemented soon 🤞

I really hope something comes of this I've just made two small transactions and charged almost $40 in fees , unfortunately it makes purchasing weed on lb really bad value

Appreciate you, will spread the word at my uni

All I see is people complaining about miner fee's why is there hardly any chat on here??

All this so called intelligence on here where are we with this?

Is anyone doing anything to move this forward or do we just like to moan and chat when no one is actioning??


19/12/23

Please can we date stamp so we can start to see some progress.

Hey blockhead, is there any movement on this at all?

yes thanks, you want to help?

It's possible to code Solana contracts with Solidity??

in solang but that's not a show stopper, pretty much dev's choice, thanks

Appreciate the response and I am genuinely grateful to everyone involved in working on littlebiggy it's an important site to a lot of us, which I guess is why we're all so keen for a solution :)

So if I've got it right you will be implementing a new separate payment processor for a new stable-coin while I guess transaxe will continue to handle btc payments? and possibly another separate processor will handle another coin? Sounds like there's still a long wait ahead unfortunately but it is good to hear at least that lb are supportive of the work your doing hopefully you have the backing you need.

Do you know if implementing an alt-coin to the current transaxe processor was ever an option or am I being over simplistic in thinking their processor could be adapted like that? Are transaxe involved at all with your project? it seems a shame if you have to build completely from scratch.

Glad you understand the frustration and hope you know even though I'm moaning the effort is appreciated!

Personally I think transaxe.com is a contracted processor that chooses to only work with btc. For LB to use any other currency requires a whole new willing and able provider….

Thats exactly the feeling I'm getting from it as well mate and its a massive shame if true but it would explain why nothings happened for so long.

Who knows though its difficult to guess this place at the best of times. I'll be sticking to my guns and just wishing blockhead and anyone else working on an alternative the best of luck because this place has been restricted to btc for far too long now.

Kinda feel you just said in your response there just how complicated it is. I am with you 100% but the other alternative is to goto my local dealer. I am old took mne long enough to figure this out!

As a vendor I’d love it if they could use usdt

#1 question on LB- wonder if we’ll get a meaningful answer?🤔

Be nice wouldn't it? lol I really don't mean it as a dig at the borgs or whoever but we only ever get vague and cryptic responses and then nothing happens anyway. I'm not a self-important kinda bigga but there are options out there and there are solutions to BTC too so with whats happening to bitcoin at the mo it feels like crunch time to me.

Come on borgs please, there's a lot of us who've been here paying up for a long time now and we just wanna hear something real <3

glad to hear development is alive! but increasing fees have been a very good indicator to buy bitcoin. i started putting away a few pounds of btc every time i feel that pinch. i not only rationalise paying a bigger fee i have by far the best investment of my lifetime ;)

I feel like the posts get traction when the BTC fees go up and then everything quietens down once they drop again. I get there must be a lot to it but with the money this site must make with its commission fees, if a small % was directed to someone with the know how a few years ago, I really feel it would have been done by now…

For. These BTC network fees will be the death of this community if we can’t find alternative pay options.

20/11/23 - 10:55am

Spot on and that would be a travesty 25/11/23

20 nov

This is the perfect answer

For

Can you put time stamp on as well so community knows its a recent topic. GAW

For 20/11/23. 11.05

Keep it up community and let get some changers made

FOR ....21/11/23 ... Love weed, hate fees ... sort it out LB ... these fees are screwing us allover

For - Good shout on the format GAW, the initiative I started on Friday is now long gone in the wall.

I think there’s some movement we are just short of devs.

21/11/23

For 20/11/2023 17:00

strongly agree an alternative is key.. ive taken the hit during the last month but definitely can't continue doing so.

For. Network fees are crazy high. Took the hit on one order but this week the fee has doubled so had to leave current order. It means the end of the green road to LB for me:( 21/11/23

Continue the conversation, everyone, and endeavor to bring about substantial changes. Maintain the momentum and actively contribute to making impactful adjustments. GAW

For. It would be great if LB could implement a crypto payment method with low volatility and consistently low network fees.

5.10pm 20/11/23

The more choice the better even when BTC calms down,not sure how feasible/easy this it to do, I sure don't know how, but hopefully something can get done.

Let's keep up with comments and try get things changed. GAW

For! LTC has always been great on fee's & speed. always thought it was beyond sufficient replacement

Continue the discussion, everyone, and strive for meaningful changes. Keep the momentum going and actively contribute to making impactful adjustments. GAW

FOR. 21/11/23.
These btc network fees are ridiculous atm, there needs to be a change and an alternative payment system implemented even when btc calms down. I feel like the fees may price out a lot of people from LB and would force people to look for alternatives. Really hope this gets sorted soon as I love LB but I won’t be able to continue using if the fees remain this high. 21/11/23 18:05

For
Simply won't be able to justify the expense if something doesn't change. Will have to find an alternative, which I'd be gutted to have to do to be honest.
21/11/2023 19:47

Would xmr (monero) be a better option than btc for fees etc? I don't know an awful lot about crypro just throwing this in the mix
23/11/23 13:45pm

Maintain the ongoing discussion, everyone, and strive for changes that truly matter. Keep the momentum alive and actively participate in bringing about impactful adjustments.

FOR 23.11.23 10.31AM

I want to make my monthly purchase but can't and won't with these fees. Anyone having any luck?

Just bought £150 btc on Revolut cost me £7 in fees went through in 30 mins
23/11/23

Think we are all on the same boat, I did check the fees at around 2am this morning 23/11 an the fees was down to just over £7 now it’s nearly 2pm same day an the fees gone back up to just over £9, just a waiting game and time of day seems to make a slight difference 💚

FOR 22/11/23 - 16:03

Is it hard to add another option like litecoin or whatever? Seems like an obvious thing to do but I don't know how it all works for littlebiggy admin... anyone shed any light on why this isn't already an option? is it laziness or some kind of obstacle... or is there a counter incentive... anyone know?

FOR

21/11/2023

Keep the conversation going, folks, and work towards significant changes. Sustain the momentum and actively contribute to making impactful adjustments.

For 22/11/23, have had to cancel 3 orders this week due to the stupid network fees.

Sustain the dialogue, ladies and gentlemen, and strive to effect meaningful changes. Keep the momentum going and work towards making modifications. ............................GAW

FOR. 22/11/23. I’ve really had enough of paying high fees when there is simply no need for it! LB is just becoming too expensive especially as the pound is dropping against the dollar as well!! Bring in a new coin and change to ££ sterling!! Wake up LB it’s ridiculous!!

Continue the dialogue, everyone, and strive for substantial changes. Maintain the momentum and actively contribute to making impactful adjustments.
GAW

For 22/11/23 15:50

FOR 23.11.23
BITCOIN CASH (BCH) only decent alternative. Is what BTC should have been, but they didn't want to increase block size so it forked and now look...

Compare it for yourself if you must https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#3y

Yesterday, I encountered a challenge when cashing out £3000 to a recipient. The fee associated with this transaction amounted to £350. This fee was a result of the accumulation of various payments, and as a vendor, it's becoming increasingly challenging to manage these costs, especially considering the site fees. Balancing the need to absorb these fees while also keeping costs down for customers is proving to be quite a complex task. GAW

FOR 22/11/2023

20:40 fees are down to just over £9 it’s going down but slowly 😞 # coinbase

We need this sorted btc situation going to kill the site.

FOR. just like in other systems, adapt or become obsolete. All it takes is for someone to build a better iteration with alternative crypto, and LB is dead. 25/11/23

FOR

FOR 22/11/2023

20:40 fees are down to just over £9 it’s going down but slowly 😞 # coinbase

Keep the conversation going, everyone, and aim for meaningful changes. Sustain the momentum and actively contribute to making impactful adjustments. GAW

Theyre back up again. Not mental high but high enough ive still got a paymwent stuck unconfirmed two weeks later, a week after the order expired. Total shite. Cant afford another order til that eventually gets back to my wallet and no idea when thatll be. Havent had a smoke since. Pish

For 26/11/23 20.42

FOR - 26/11/2023

FOR 25/11

FOR

Got his responce from cleanup borg.

little biggy does not process payments. we are seeking payment processors with alternative currencies.

Little help to any vendor or customer, I don’t think anyone is actively seeking as this issue been going on since I joined and most likely before

It’s coming up to Xmas and I would sure love to have my payments for then.

FOR -24/11/23

I've reached out to all borgs, urging them to bring the issue to the attention of the administrators. If each of us sends a message, it could potentially strengthen our case and demonstrate to the administrators that significant changes are necessary for the survival of both vendors and the community. The increasing difficulty posed by fees from both the customer and vendor perspectives needs to be addressed, and collaborative efforts in highlighting these concerns may contribute to a more sustainable solution. GAW

All great points