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Topic: Is 1PEDJAibfNetJzM289oXsW1qLAgjYDjLgN trolling the bitcoin ecosystem? - page 2. (Read 4091 times)

full member
Activity: 216
Merit: 100
How could the bitcoin-ecosystem defend against such? Or is it normal business?
It is normal business. That's what transaction fees are for. Miners are free to increase transaction fees if it's a problem.

Ok.  I was also thinking, that if a substantial part of his txs gets confirmed, then that one
guy alone probably added several megabytes to the blockchain within merely a month.

One thing that comes to my mind is, that returning a satoshi for lost dice-game
bets seems wrongheaded in hindsight.
A single satoshi is completely useless as money unless you don't mind paying a five million
percent transaction fee to spend it. What it is useful for is proving that a losing bet was
processed correctly, otherwise there's no easy way to tell the difference between a losing bet
and a failure to pay out a winning bet due to technical problems.

Still it feels like spamming the blockchain in the long run.  There have been discussions about
embedding messages in transactions and all responsible service-providers (fortunately) refuse
to do it, but single satoshis are still being spammed into the blockchain in large numbers
essentially for "message passing purposes".
legendary
Activity: 4522
Merit: 3183
Vile Vixen and Miss Bitcointalk 2021-2023
How could the bitcoin-ecosystem defend against such? Or is it normal business?
It is normal business. That's what transaction fees are for. Miners are free to increase transaction fees if it's a problem.

One thing that comes to my mind is, that returning a satoshi for lost dice-game
bets seems wrongheaded in hindsight.
A single satoshi is completely useless as money unless you don't mind paying a five million percent transaction fee to spend it. What it is useful for is proving that a losing bet was processed correctly, otherwise there's no easy way to tell the difference between a losing bet and a failure to pay out a winning bet due to technical problems.
member
Activity: 91
Merit: 10
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
Quote
I don't see the problem.

+1
full member
Activity: 216
Merit: 100
I don't see the problem. He is not tying up anyone's else money than his/her own.

Maybe the problem is limited to the gambling corner of BTC-world, where
waiting for confirmations before re-spend is rarely seen.

If that's the case, then the owner of the address merely trolls the gambling-scene.

I'm not yet long enough in the scene to judge how that might affect the rest in
medium or longer terms.
hero member
Activity: 812
Merit: 1006
I don't see the problem. He is not tying up anyone's else money than his/her own. That guy is the only loser, in addition to playing losing game.

But the real thing to note is that transaction costs will go up.
full member
Activity: 216
Merit: 100
This address has, from November 2nd 2012 till now, produced more than 12000
transactions betting on satoshidice and immediately re-betting the return.

Some of these obviously take a while to confirm (despite 0.5mBTC-fee) and
are binding other funds into never-confirming transactions and double-spends.

How could the bitcoin-ecosystem defend against such? Or is it normal business?
One thing that comes to my mind is, that returning a satoshi for lost dice-game
bets seems wrongheaded in hindsight.

https://blockchain.info/address/1PEDJAibfNetJzM289oXsW1qLAgjYDjLgN
https://blockchain.info/address/1PEDJAibfNetJzM289oXsW1qLAgjYDjLgN?offset=12000
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