WARNING! Bitcoin will soon block small transaction outputs - page 25.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: crazy_rabbit on May 05, 2013, 04:43:59 PM

Quote from: Come-from-Beyond on May 05, 2013, 04:42:59 PM

Quote from: TsuyokuNaritai on May 05, 2013, 04:29:38 PM

Quote from: Come-from-Beyond on May 05, 2013, 03:35:43 PM

Quote from: Dacm4n on May 05, 2013, 02:13:50 PM

Maybe use litecoin, that's one of the reasons it was created.

Minimal fee is 0.1 LTC. It's 35 cents. Too high for micro-transactions.

Does anyone know which alts are currently ideal for micro-transactions?

Bytecoin works good with 0 BTE fee.

Litecoin tried that too. One person needs only start sending billions of satoshi sized transactions for the whole network to seize up.

Currently.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Come-from-Beyond on May 05, 2013, 04:42:59 PM

Quote from: TsuyokuNaritai on May 05, 2013, 04:29:38 PM

Quote from: Come-from-Beyond on May 05, 2013, 03:35:43 PM

Quote from: Dacm4n on May 05, 2013, 02:13:50 PM

Maybe use litecoin, that's one of the reasons it was created.

Minimal fee is 0.1 LTC. It's 35 cents. Too high for micro-transactions.

Does anyone know which alts are currently ideal for micro-transactions?

Bytecoin works good with 0 BTE fee.

Litecoin tried that too. One person needs only start sending billions of satoshi sized transactions for the whole network to seize up.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: bitcoiners on May 05, 2013, 04:17:36 PM

Quote from: crazy_rabbit on May 05, 2013, 04:15:11 PM

Quote from: Daily Anarchist on May 05, 2013, 04:12:48 PM

If the vast majority of the community doesn't like this move can't we just ignore the new patch and refuse to upgrade?

Go ahead. :-) I think you will be disappointed however.

If the majority doesn't upgrade and the majority doesn't want it. Then the devs need to listen to the majority. End of Story.

True. Unless of course some hard fork appears- then you're either going to need to get new devs or upgrade in a jiffy.

While technically of course you're right, the majority are the large mining pools and the really big miners who are by and large are quite active in talking about future developments. So it's really voting by hash power, and the people who control the vast amount of hash power aren't the same as the majority of people using bitcoin.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: TsuyokuNaritai on May 05, 2013, 04:29:38 PM

Quote from: Come-from-Beyond on May 05, 2013, 03:35:43 PM

Quote from: Dacm4n on May 05, 2013, 02:13:50 PM

Maybe use litecoin, that's one of the reasons it was created.

Minimal fee is 0.1 LTC. It's 35 cents. Too high for micro-transactions.

Does anyone know which alts are currently ideal for micro-transactions?

Bytecoin works good with 0 BTE fee.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: crazy_rabbit on May 05, 2013, 04:39:31 PM

Quote from: Daily Anarchist on May 05, 2013, 04:16:31 PM

Quote from: crazy_rabbit on May 05, 2013, 04:15:11 PM

Quote from: Daily Anarchist on May 05, 2013, 04:12:48 PM

If the vast majority of the community doesn't like this move can't we just ignore the new patch and refuse to upgrade?

Go ahead. :-) I think you will be disappointed however.

How so? If the vast majority stick with the 0.8.1 client I think the 0.8.2 client people would be disappointed.

Bitcoin is still Beta level software- there are still quite a few bugs to be worked out.

Um, transaction size is not a bug.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Daily Anarchist on May 05, 2013, 04:16:31 PM

Quote from: crazy_rabbit on May 05, 2013, 04:15:11 PM

Quote from: Daily Anarchist on May 05, 2013, 04:12:48 PM

If the vast majority of the community doesn't like this move can't we just ignore the new patch and refuse to upgrade?

Go ahead. :-) I think you will be disappointed however.

How so? If the vast majority stick with the 0.8.1 client I think the 0.8.2 client people would be disappointed.

Well they are fixing things in the upgrade releases, so I think in general you will want to upgrade. If not now, then eventually. Bitcoin is still Beta level software- there are still quite a few bugs to be worked out.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: cedivad on May 05, 2013, 04:33:45 PM

I think that the point here is that we don't have any better solutions. I don't care about pico dollars transactions. I'm worried about how it looks like we can't handle a high volume of transactions.

Agreed. Also who is saying the price is staying where it is? It could go to 10k then these transactions would be necessary. So we change functionality again? Sorry, this is bullshit.

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

From what i've read, what people are saying is that 0.8.2. is going to not allow micro transactions worth less than 5430 satoshi's?
Bitcoin was designed to be divisible by 8 decimal places, If we are removing some of those decimals we are undermining the entire structure of bitcoin!

I can fully understand and agree that a transaction of .00000002 should be blocked though

cedivad

legendary

Activity: 1176

Merit: 1001

I think that the point here is that we don't have any better solutions. I don't care about pico dollars transactions. I'm worried about how it looks like we can't handle a high volume of transactions.

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: Elwar on May 05, 2013, 04:28:01 PM

Volatility of price is one thing...volatility of functionality is another.

Bingo...

gweedo

legendary

Activity: 1498

Merit: 1000

I agree with this we need to fork, bitcoin was once known for the small transactions, and they want to take that away. Gavin has an ego and it needs to be taken under control. This is ridiculous this is a fix because they don't want to spend time trying to fix the bloat of the blockchain thru censorship!

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: Daily Anarchist on May 05, 2013, 04:30:27 PM

I don't want to derail this thread, which is a good debate on whether or not there should be a patch.

So, for those who are firmly in the camp that this is a very bad patch and want to boycott the upgrade, go here:

https://bitcointalksearch.org/topic/m.2040300

You need to make a poll...

Daily Anarchist

hero member

Activity: 614

Merit: 500

I don't want to derail this thread, which is a good debate on whether or not there should be a patch.

So, for those who are firmly in the camp that this is a very bad patch and want to boycott the upgrade, go here:

https://bitcointalksearch.org/topic/m.2040300

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: hello_good_sir on May 05, 2013, 04:25:25 PM

In theory this is not a protocol change, but in practice it is.

Miners running this fork of the software will not only not process small transactions, but they will not even relay them. Which means that miners running legitimate clients will not be able to process small transactions because these transactions will never be relayed to them.

Bitcoin is no longer sufficiently divisible to be the global currency. This really changes the potential maximum valuation.

Anyone blaming Satoshi's Dice is not contributing to the conversation. The block size is limited to 1 MB, which is not too big. If you don't want SD transactions in the chain feel free to out-compete them by making transactions with larger fees.

fuck you! you should not decide what my computer send and what it does not send. if i don't want to relay transactions under a certain value, i don't relay them.

fork the client, and stop crying.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: Come-from-Beyond on May 05, 2013, 03:35:43 PM

Quote from: Dacm4n on May 05, 2013, 02:13:50 PM

Maybe use litecoin, that's one of the reasons it was created.

Minimal fee is 0.1 LTC. It's 35 cents. Too high for micro-transactions.

Does anyone know which alts are currently ideal for micro-transactions?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

This is a big hit on my business model.

Volatility of price is one thing...volatility of functionality is another.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: TraderTimm on May 05, 2013, 04:20:38 PM

You can all thank Erik "Tony Hayward" Voorhees for polluting the blockchain so badly that this has come to pass.

Thanks for "stress testing" us to a hard-fork, Erik (again). You're such a champ - at taking people's money. I'd also like to thank all the mouth-breathing fools that thought Satoshi Dice was a good idea. You're also at fault too.

Great job, Erik - you profit-first douchebag.

Nonsense, bitcoin is about profit and free market, if a single person is able to do so much damage then it is bitcoin fault

hello_good_sir

hero member

Activity: 1008

Merit: 531

In theory this is not a protocol change, but in practice it isn't.

Miners running this fork of the software will not only not process small transactions, but they will not even relay them. Which means that miners running legitimate clients will not be able to process small transactions because these transactions will never be relayed to them.

Bitcoin is no longer sufficiently divisible to be the global currency. This really changes the potential maximum valuation.

Anyone blaming Satoshi's Dice is not contributing to the conversation. The block size is limited to 1 MB, which is not too big. If you don't want SD transactions in the chain feel free to out-compete them by making transactions with larger fees.

TraderTimm

legendary

Activity: 2408

Merit: 1121

You can all thank Erik "Tony Hayward" Voorhees for polluting the blockchain so badly that this has come to pass.

Thanks for "stress testing" us to a hard-fork, Erik (again). You're such a champ - at taking people's money. I'd also like to thank all the mouth-breathing fools that thought Satoshi Dice was a good idea. You're also at fault too.

Great job, Erik - you profit-first douchebag.

skang

sr. member

Activity: 452

Merit: 252

from democracy to self-rule.

Quote from: Daily Anarchist on May 05, 2013, 04:12:48 PM

If the vast majority of the community doesn't like this move can't we just ignore the new patch and refuse to upgrade?

So NOT upgrading would work against this? What are the other alternatives? Would changing wallets work?

I seriously want to opt out of this one. Please list the alternatives so people/miners can decide for themselves.

Topic: WARNING! Bitcoin will soon block small transaction outputs - page 25. (Read 58538 times)