Before commenting on this, I wanted to make sure I read the development discussion (the one that matters most).
Having read it, I am of the opinion that people here are brave enough to abandon working systems in the real world to hype up an experimental one with numerous flaws, yet aren't brave enough to accept compromise and would rather everyone else suffer.
Gavin admits that this is only a temporary patch and further work needs be done to uncover the true nature of the problems. His patch does seem to fix some problems, for now. When those problems are no longer problems the patch can be undone. Wait until Gavin refuses to remove the patch later when it's no longer needed before crying fork.
"ACK"
Topic: WARNING! Bitcoin will soon block small transaction outputs - page 18. (Read 58538 times)
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
The best way to purge dust is to include the dust addresses in with your normal use wallet. I've had plenty of dust go to my mainly used address, some as small as 3 satoshis, but they've all been spent at one time or another with larger BTC outputs, automatically. At one time, I looked at the unspent transactions, and had a dozen or two, but now, I only have 3 unspent outputs. And I've never paid more than a 0.0005 BTC fee, either.
That is one way to do it, but only for those who make enough big transactions to cover it.
The next stage of enlightenment happens when you read Gavin's posts about how having a default value at all is temporary until the code for automatically calculating one based on a market mechanism between users and miners is ready.
I can't wait for the next implementations that fix the problem of decentralized market TX rates. But related, while different, the blockchain needs to smart-purge obsolete blocks(transactions that have been both max confirmed and transfered completely from the block of origin.)
I remember this annoying issue with a dust-wallet I have. Its only purpose is for dust transactions. While I try to use my own concept of minimizing dust by using a dedicated dust-wallet, everyone has to realize that many BTC users have this very same problem. Many of them are newbies who are learning the complexities of the whole BitCoin world. Newbies are an important part of growing the BitCoin adoption.
I'm going to continue collecting dust transactions, others will also continue collecting dust transactions. So lets push for better solutions than centrally planned solutions, even if temporary(and right now, the word temporary is merely a promise as of 0.8.2, not the fact of the situation.)
The next stage of enlightenment happens when you read Gavin's posts about how having a default value at all is temporary until the code for automatically calculating one based on a market mechanism between users and miners is ready.
I can't wait for the next implementations that fix the problem of decentralized market TX rates. But related, while different, the blockchain needs to smart-purge obsolete blocks(transactions that have been both max confirmed and transfered completely from the block of origin.)
I remember this annoying issue with a dust-wallet I have. Its only purpose is for dust transactions. While I try to use my own concept of minimizing dust by using a dedicated dust-wallet, everyone has to realize that many BTC users have this very same problem. Many of them are newbies who are learning the complexities of the whole BitCoin world. Newbies are an important part of growing the BitCoin adoption.
I'm going to continue collecting dust transactions, others will also continue collecting dust transactions. So lets push for better solutions than centrally planned solutions, even if temporary(and right now, the word temporary is merely a promise as of 0.8.2, not the fact of the situation.)
the default value is not only arbitrary but inappropriate
That's a significant de-escalation at least from the original hysteria at least.The next stage of enlightenment happens when you read Gavin's posts about how having a default value at all is temporary until the code for automatically calculating one based on a market mechanism between users and miners is ready.
To everyone saying that this is good because it lets you do something that you had to recompile the code itself to do it before, I'll let you know that what people is complaining about is not the fact that the amount can be changed but the fact that the default value is not only arbitrary but inappropriate.
Similar to what some internet browsers used to do with the default search engine.
Similar to what some internet browsers used to do with the default search engine.
I previously spoke out against this. Now that I know it is simply a default, and the mintxrelay is an optional setting, I am fine with the change.
Hear, hear!
I previously spoke out against this. Now that I know it is simply a default, and the mintxrelay is an optional setting, I am fine with the change.
I think I might set my dust limit way high like
I'm sick of carrying around a whole lot of everybody else's crap. When you exist on dial-up connection and old hardware you might appreciate what the cost of TX actually are. Maybe a lot of the people spouting off about this are actually spoiled brats with high-end rigs and fibre-optic connections living on free electricity?
Code:
minrelaytxfee=0.01
I'm sick of carrying around a whole lot of everybody else's crap. When you exist on dial-up connection and old hardware you might appreciate what the cost of TX actually are. Maybe a lot of the people spouting off about this are actually spoiled brats with high-end rigs and fibre-optic connections living on free electricity?
Then you shouldn't even be using a full node, go use a lightweight node, otherwise I see no reason to complain.
What?! Are you trying to censor me off the blockchain just because I have dial-up and old hardware? [sarc]Facist nazi rich prick![/sarc]
LMAO totally trying to censor you, but I am adding a variable that makes it so if you get the lightweight client by default but if you change a variable you can have the full node. LMAO
Time to buy some wiener schnitzel with bitcoins after a hard day of being a nazi LMAO
Can anyone estimate how this will effect the number of transactions in the future?
It shouldn't have much effect. SD and etc will simply just send 5430 satoshis or so. 
Can anyone estimate how this will effect the number of transactions in the future?
The amount of misinformation is mind boggling. Currently if you want to set the minimum tx fee and minimum relay fee you have to edit the source code and compile it. This pull request will now allow you to set the fees by invoking a command (-mintxfee -minrelayfee ) without having to compile the program each time. The default value is set to 54.3uBTC witch you can change to whatever you like.
That is for miners only not the users. So yeah guess you didn't read.
It changes the behavior all around, but if you create transactions miners won't mine you won't be too happy.It creates changes that SOME miners won't mine, right? Nothing wrong with that. Hell, a miner could right now charge 1 BTC fee per transaction if he wants. It just means no transactions will go through on the blocks he mines. I'm okay with that.
You're okay with miners being rewarded for not confirming any transactions?
Yes. But if they do those miners won't get any fee money, which means they'll make less money than other miners, which means they'll lose in the long run.
So link to this Gaving "IThinkImUSAPresident" Andresen guy comment.
https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17141937
https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17141937
Quote
Bitcoin is not appropriate for transactions less than a penny or three.
rant scrubbed out here ...You omitted the rest of Gavin's comment that succinctly points towards the technical reasons why this change is necessary now and timely ... (to suit your own agenda?)
Quote
Bitcoin is not appropriate for transactions less than a penny or three.
If Moore's Law continues to hold, then one day it might be.
That is all out of scope for this pull request; if we do nothing, then we are stuck with MIN_RELAY_TX_FEE=0.0005 BTC.
If Moore's Law continues to hold, then one day it might be.
That is all out of scope for this pull request; if we do nothing, then we are stuck with MIN_RELAY_TX_FEE=0.0005 BTC.
Good step towards lowering spammy transactions like SatoshiDice, which is idiot tax anyways. If you want to risk your coin for more coin, then look at an even odds bitcoin lottery, like http://www.satoshisploder.com
Your creating the same exact transactions as Satoshi Dice LMAOOOOOOOOOOOO What?
So link to this Gaving "IThinkImUSAPresident" Andresen guy comment.
https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17141937
That's what he says, that's his opinion, why should everyone do what he says? CENSORSHIP. DICTATORSHIP. END THIS NOW.
They are creating a bitcoin fork: FREECOIN VS BANKCOIN.
https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17141937
Quote
Bitcoin is not appropriate for transactions less than a penny or three.
´That's what he says, that's his opinion, why should everyone do what he says? CENSORSHIP. DICTATORSHIP. END THIS NOW.
They are creating a bitcoin fork: FREECOIN VS BANKCOIN.
If this is inaccurate, then please cite specific lines of code to back up your claim.
Your not in the right pull request
https://github.com/bitcoin/bitcoin/pull/2577
Not only is that false, but also it's not a specific line of code that backs up your claim.
Ok show me how I am false, you asked for a cite, you didn't even cite, you just copied a wording and now you are just saying that I am false, so please show me the code.
lol I copied it to imgur and didn't realize I only grabbed the pixel 
Okay Imma let you finish, just before I censor you again:
"Your" = possessive adjective
"You're" = contraction of "you are".
YOU'RE out of YOUR mind. See? Now, shut up again. Aaaah.
Thanks for the grammar lesson, and I don't care LOL and it is so nice when people say shut up, cause they are learning to censor just like bitcoin is teaching them.
Jump to: