Author

Topic: 97 kb transaction in 229722 (Read 834 times)

newbie
Activity: 22
Merit: 0
April 05, 2013, 03:46:24 AM
#3
Quote
I just saw the exact same comment posted on the uk Wired site.
Here it is again on TechCrunch:

http://techcrunch.com/2013/04/04/9flats-bitcoin/?hubRefSrc=permalink#lf_comment=67507636

The aforementioned comment on Wired can be found at the bottom of this article:

http://www.wired.co.uk/news/archive/2013-04/3/first-bitcoin-atm

And here's a Reddit thread on the transaction:

http://www.reddit.com/r/Bitcoin/comments/1bpyab/3_btc_transaction_consumes_97288_kb_of_data_why/
legendary
Activity: 1428
Merit: 1093
Core Armory Developer
April 05, 2013, 01:29:50 AM
#2
Ironically, that's the kind of transaction the network likes.  It is tidying up the UTXO set for everyone -- that's 657 UTXOs that everyone used to have to store and track, now they only have to track 2.

The point he was trying to make, without being knowledgeable on the subject, is the possibility that people could flood the network with spam.  The thing is, the network already has spam protection -- that's what fees are for.  The system could be improved, but I wouldn't call it the "Achilles heel".  At worst, we have an inconvenience.
hero member
Activity: 510
Merit: 500
April 05, 2013, 01:01:37 AM
#1
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