Doesn't litecoin already have even more restrictive conditions on small transactions?
IMHO blockchains aren't really the right tool for tiny transactions.
At the end of the day we probably need some sort of bitcoin visa/mastercard/paypal for that.
Topic: Bitcion-qt 0.8.2 and the Impending Alt Coin Rally (Read 689 times)
$0.006 is a serious problem though forreal.
I think someone should probably release tinyCoin to solve this problem.
Probably not.
So we've learned that the new version of Bitcoin-qt sets a floor for the smallest value of bitcoins that are allowed to be sent in one transaction. This value will be set to 0.00005430 BTC in 0.8.2. So the majority of bitcoin users will have this restriction imposed upon them. Currently this comes out to $0.0062445 at the current market price of $115/BTC, but if the BTC price rises quickly or this restriction isn't updated regularly, then it could force any users interested in sending and receiving low value transactions over to LTC or another alt coin that is built for micro payments.
As BTC further imposes restrictions to move it in the direction of larger payments, which they have stated is their focus then a secondary market will grow using one of the many alt coins developed for this.
Will we see an alt coin rally as things move in this direction? Thoughts?
As BTC further imposes restrictions to move it in the direction of larger payments, which they have stated is their focus then a secondary market will grow using one of the many alt coins developed for this.
Will we see an alt coin rally as things move in this direction? Thoughts?
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