WARNING! Bitcoin will soon block small transaction outputs - page 29.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

This is Satoshi critics to existing system Bitcoin should be opposite to. They breaking the Bible.

Quote

Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services.

From one patch to another, Bitcoin becomes what they try to get rid off.

jdillon

member

Activity: 70

Merit: 18

Quote from: HorseRider on May 05, 2013, 01:59:58 PM

ASICMINER usually includes many share payments in a single transaction. some payments is very small but they added up to a large transaction. Will this kind of transaction be affected?

Yes. If a transaction includes any outputs with a value less than the limit they whole transaction is blocked.

HorseRider

donator

Activity: 1120

Merit: 1001

Quote from: jdillon on May 05, 2013, 01:51:20 PM

Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:

https://github.com/bitcoin/bitcoin/pull/2577

Many Bitcoin users are going to be affected and see their funds blocked. For instance ASICMiner share payments, BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.

Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.

ASICMINER usually includes many share payments in a single transaction. some payments is very small but they added up to a large transaction. Will this kind of transaction be affected?

jdillon

member

Activity: 70

Merit: 18

Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:

https://github.com/bitcoin/bitcoin/pull/2577

Many Bitcoin users are going to be affected and see their funds blocked. For instance ASICMiner share payments, BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.

Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.

edit: To be clear, I like the patch: https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17138223

What I don't like is when I realized not once had Gavin or anyone else in the development team made a public statement that this change was coming down the line. If I hadn't made this post, for all I know it would have been hidden away in the next Bitcoin-QT with no warning at all, right when we all have to upgrade before May 15th.

Why isn't think on your blog or someone else so people have time to change the way their businesses operate? Why the secrecy?

Topic: WARNING! Bitcoin will soon block small transaction outputs - page 29. (Read 58546 times)