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[marky89]

adamstgBit: People are redeeming outputs from the Coinwallet dust keys:
https://bitcointalk.org/index.php?topic=1175321.msg12373932#msg12373932

Each output = ~75,000 bytes.

I wonder if they will actually release hundreds more keys in the coming days. Hilarity may just ensue.

Each output = ~75,000 bytes.

that must mean a nice fee for the miners?

I guess that depends on your definition of nice.

I suppose a 0.00447 fee to include a 0.00053 output is pretty nice from a percentage standpoint. But I don't think anyone is getting rich off of these 2.5BTC keys.

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[TransaDox]

There is indeed spam -- for instance, what is the use of pushing outputs that require significantly more fees than the output is worth in order to re-spend them? It's pure spam.

Fees as a "spam" disincentive isn't working very well then, is it?

If you need to send someone Sataoshis, the recipient doesn't care about the fees-they still demand the Satoshis.

At some point the miners will push for not including transactions with zero or low fees at all, then Bitcoin will be another mainstream banking product.

[marky89]

There is indeed spam -- for instance, what is the use of pushing outputs that require significantly more fees than the output is worth in order to re-spend them? It's pure spam.

Fees as a "spam" disincentive isn't working very well then, is it?

If you need to send someone Sataoshis, the recipient doesn't care about the fees-they still demand the Satoshis.

How so? Most people default to the lowest fee that will secure their transaction on the next block. Do all economic incentives work 100% as in theory? Of course not. Game theory prevails. Those "investing" in spam attacks may indeed have incentives that outweigh the disincentive of fees. I'm not sure where that leaves us, though.

[brg444]

[marky89]

At some point the miners will push for not including transactions with zero or low fees at all, then Bitcoin will be another mainstream banking product.

I don't think the former entails the latter at all. Decentralized =/= another mainstream banking product. That's completely impossible. Whether or not the former is an acceptable outcome is debatable, but the association with "mainstream banking" is fallacious.