Author

Topic: Re: Re: WARNING! Bitcoin will soon block small transaction outputs (Read 522 times)

newbie
Activity: 3
Merit: 100
IN the future the system can be adjusted. it's good enough for now
vip
Activity: 1316
Merit: 1043
👻
Why even have 8 decimal places then?
Future proof. Right now, it's not worthwhile to send 5430 satoshi ($0.007). But in the future, $0.07 might be 100 satoshi, or 10 satoshi, or 1 satoshi.
2D
member
Activity: 76
Merit: 10
Why even have 8 decimal places then?

Donate to my fund: 1MLwGuy4P4HqHwit7WNLmddTkywCcYmqZK
newbie
Activity: 19
Merit: 0
newbie
Activity: 3
Merit: 0
Responding to https://bitcointalksearch.org/topic/m.2045167 here because I'm still in newbie purgatory.

FlameWar 2.0. Now with Actual Facts! (gasp)

From http://www.metzdowd.com/pipermail/cryptography/2009-January/015014.html

Satoshi said this:

Quote
Once it gets bootstrapped, there are so many
applications if you could effortlessly pay a few cents to a
website as easily as dropping coins in a vending machine.

A few cents. Not 0.7 cents.

A little later, in http://www.metzdowd.com/pipermail/cryptography/2009-January/015041.html he said this:

Quote
Interestingly, one of the e-gold systems already has a form of
spam called "dusting".  Spammers send a tiny amount of gold dust
in order to put a spam message in the transaction's comment field.
 If the system let users configure the minimum payment they're
willing to receive, or at least the minimum that can have a
message with it, users could set how much they're willing to get
paid to receive spam.

Fixing the 'dusting' problem is exactly what this change is all about. Go back to your freedom fries people, nothing to see.
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