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I think BFL and mainly Josh are very reputable and honorable. Of course they will stand by their statements and wagers. Only a shifty magazine editor would make a bet like that and ignore it when they lose. ROTFL
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Can I send a payment for 0.00000001?
Sure as long as you can find a miner willing to include it in a block. The 0.8.2 change simply sets a DEFAULT min output size. A miner could reduce it to 0.0000001 if they want to. They likely won't or if they do will require a much larger tx fee so if you want to pay 0.0001 to send 0.0000001 then go ahead. Miners have ALWAYS been free to include or not include a tx in the next block. That was true prior to 0.8.2 and it true after 0.8.2. Once the fee increases and mining revenue gets set higher will miners ever want to get less revenue (once Gasoline increases in price will it ever go down substantially)? |
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Time would be better spent finding a reasonably harmless way to prune the blockchain.
That's what I though back before...I dunno...a pretty GUI, wallet encryption, multi-sig, etc, etc. Most importantly, before the system gained a large userbase who relied on it. Oh well. Since I lack the skill and interest to actually do anything myself along these lines I can hardly complain. I guess I'm in the same boat as you. I wouldn’t learn that crappy C++ if God refused the entry to heaven unless I learned it. I guess I will just resign myself to never running a full node again. I like electrum anyway. |
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For a couple of years now I have been reading periodic debates where one guy says, “21M Bitcoins will never be enough if the whole world wants to use it.” Then another guy shows up (DnT) and says, “Oh, but Bitcoin is divisible down so many decimals that it will easily fill the need as adoption increases.”
So which is it: Either adoption is never expected to tax the 21m limit so we can afford to knock off decimals, we will have to return to accepting dust payments eventually so may as well just keep using them now or we need to allow a breach of the 21m limit.
No decimals are knocked off. The minimum value is calculated from the minimum fee. When the minimum fee goes down (it has gone from 0.01 BTC to 0.0001 BTC while I have been using bitcoin), the size of economically unspendable outputs will decrease as well. In the future the minimum fee will get calculated dynamically based on which transactions actually make it to the blockchain, and eventually a 0.00000001 BTC output will become standard again. Time would be better spent finding a reasonably harmless way to prune the blockchain.
I disagree. Pruning valid unspent outputs would IMO be a much more drastic measure. Can I send a payment for 0.00000001? |
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That's exactly what Bitcoin100 does.
ok, I get you there you suggest that we can just donate to bitcoin100 ? and this will do it, you are even trolling or missing my point here, i did choose UNICEF for a reason, there you go guess why. as long you are still thinking inside the box we are not going anywhere, so bitcoin inside bitcoin community wont help that much, maybe you are helping people but you are not doing much for bitcoin At least look at this list of charities they have already contacted so you don't duplicate effort. https://bitcointalk.org/index.php?topic=55398.msg659165#msg659165Good Luck! |
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That's exactly what Bitcoin100 does.
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We contacted most of the majors. They either said no or didn't respond. Good idea though; so good in fact its already been done!
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Op why don't you contact Bruno (Phinnaeus Gage) at Bitcoin100 and donate your 2 btc?
you are really missing the point here , I can donate my 2 BTC right now, but we want to do it massive for a good cause to bring the media attention. it is a win-win case, my 2 BTC wont change the silk road picture and money laundry and.... that people have about BTC I just realized that you don't know what Bitcoin100 is: https://bitcointalk.org/index.php?topic=52543.0 |
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For a couple of years now I have been reading periodic debates where one guy says, “21M Bitcoins will never be enough if the whole world wants to use it.” Then another guy shows up (DnT) and says, “Oh, but Bitcoin is divisible down so many decimals that it will easily fill the need as adoption increases.”
So which is it: Either adoption is never expected to tax the 21m limit so we can afford to knock off decimals, we will have to return to accepting dust payments eventually so may as well just keep using them now or we need to allow a breach of the 21m limit.
Time would be better spent finding a reasonably harmless way to prune the blockchain.
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Op why don't you contact Bruno (Phinnaeus Gage) at Bitcoin100 and donate your 2 btc?
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A long time ago I contacted UNICEF on behalf of Bitcoin100 and they didn't want to accept btc even with no exchange fee or processing difficulties.
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To be honest the thread has really run its course. My only goal was to get a response from someone in the dev community to address this issue. It was done and everyone should be clear by now what can be put in the blockchain. This thread should be closed by a mod.
your goal?! this is not your thread. The Founder of a sock-puppet army? I lol'ed |
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 I'll never be able to buy bubblegum with Bitcoin ever again. WAAAAAAAAAAAAH |
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I didn't know they made one with a bald egg-head hat! Yes, its called the Conehead edition.  |
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All I can think of when I look at that picture is oiling up my mining rig.  |
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Without MtGox there would pretty much not be a Bitcoin.
Without Silk Road, there wouldn't have been an MtGox. Maybe Mark is DPR and Satoshi!  |
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Cute kids! You forget sometimes that people here are actually flesh and blood. Thanks for the reality check. |
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I’m very happy and upbeat today! I got a hard on and I was actually looking at my wife!  |
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