Join global experiment in microBitcoin nanoBitcoin transactions

darius2020

member

Activity: 72

Merit: 10

Quote from: edutBTC on January 02, 2014, 07:15:15 AM

I just join the global experiment in microBitcoin nanoBitcoin transactions and then ?

Thanks.
Publish timing of your microBitcoin BTC 0.000 001
nanoBitcoin BTC 0.000 000 01
transactions -
if signed, rejected, removed by Bitcoin network as suggested by new Bitcoin network developers.

Frakly speaking, there is no legal ground to reject microBitcoin, nanoBitcoin transactions, as endorsed
by core founders of Bitcoin business and network and to call microBitcoin , nanoBitcoin transactions
as dustBitcoin

as suggested by new Bitcoin developers like gavinandresen and others
https://github.com/bitcoin/bitcoin/pull/2577

gavinandresen opened this pull request 8 months ago
Treat dust outputs as non-standard, un-hardcode TX_FEE constants

Acting that way no-reward mBitcoin transactions should be rejected the same way

Bitcoinity has already switched to trade in miliBitcoins, see below

http://bitcoinity.org/markets

To live with 360 sec local publishing limit, please publish your results ( transaction accepted, rejected .. your comments) via
https://www.facebook.com/NanoBitcoin
https://www.facebook.com/NanoBitcoin

thanks

edutBTC

sr. member

Activity: 518

Merit: 250

I just join the global experiment in microBitcoin nanoBitcoin transactions and then ?

darius2020

member

Activity: 72

Merit: 10

Quote from: torusJKL on December 31, 2013, 09:16:42 AM

I though any transactions which has at least one output lower than 5430 satoshis is considered as "non-standard", meaning they will get very little support from the Bitcoin network in propagation and hashing.

See Treat dust outputs as non-standard, un-hardcode TX_FEE constants

I am really sorry but gavinandresen is not correct claiming microBitcoin or nanoBitcoin be called dustBitcoin.
Trust in Bitcoin business is the trust in every microBitcoin, nanoBitcoin transferred and signed.

Bitcoin currency was not intended to serve 1BTC payments only.
Look at Mt.gox Ltd. Japan for fee schedule
==
Volume (In BTC)


Trade Fee


Discount (Total)


Discount (By Tier)

0 to < 100


0.60%


0.00%


0.00%

==
Bitcoinity has already switched to trade in miniBitcoins
==
Bitcoinity switched to mBTC as the default bitcoin unit.

1,000 mBTC = 1 BTC

1 mBTC = 0.001 BTC

http://bitcoinity.org/markets

So microBitcoin is just another step in making Bitcoin global.

If you prefer to call microBitcoin a dustCoin so you are violating basic Bitcoin standards not set by few guys any more.
It was the intention of the Bitcoin developers to let us make microBitcoin and nanoBitcoin payments
and have such payments signed, hashed as zero-reward (no-reward) transactions.

It doesn't matter if transactions in your collection list BTC 0.00000001 or BTC 1.0
since you are still awarded BTC 25.

torusJKL

hero member

Activity: 619

Merit: 500

I though any transactions which has at least one output lower than 5430 satoshis is considered as "non-standard", meaning they will get very little support from the Bitcoin network in propagation and hashing.

See Treat dust outputs as non-standard, un-hardcode TX_FEE constants

darius2020

member

Activity: 72

Merit: 10

Please
join global experiment in microBitcoin nanoBitcoin transactions.

- to study economy of microBitcoin and nanoBitcoin transactions ( for obvious reason no reward is offered).

- to study timing of microBitcoin BTC 0.000001 payments
- to study timing of nanoBitcoin BTC 0.00000001 payments

To study if no-reward transactions or Zero-reward Bitcoin payment or money transfer transactions can be smoothly handled and verified by Bitcoin system.

I can provide you with microBitcoin and nanoBitcoin accounts to provide on-line web-based tracking of such micro and nano transactions in Bitcoins.

Let me know your opinion if Bitcoin infrastructure is not going to reject today zero-reward microBitcoin
and nanoBitcoin payments.

darius

Topic: Join global experiment in microBitcoin nanoBitcoin transactions (Read 721 times)