POLL: Allow dust transactions in Bitcoin? (5430 satoshis or less)

[squall1066]

I chose to allow and relay dust, I do accept it would create huge traffic and volume and possibly open up to satoshi attack but I have a good reason, Bitcoin will become $1m+ per coin making a satoshi worth trading! Dust now is a pint of beer in the future!

[QuestionAuthority]

Well then the 0.8.2 doesn't solve any problem. If you don't make the fees scale with the costs, things make no sense. Anybody may include garbage and take a fee or not for that and for all eternity people have to deal with this extra data. We should just assume to have full blocks and miners should include transactions based on the fee in relation to the costs for the network and not in relation to some assumed economic value of that particular transaction.

Well do.  MOST miners and nodes are NOT going to relay uneconomical garbage.  The reason is the UXTO is the critical resource it can't be pruned and to perform high speed validation it should be in memory (or as much in memory as possible).  The creation of outputs that likely will never be spent bloats the UXTO and that makes the entire network less efficient.  Miners pay a perpetual cost that can't be pruned away.  If they are rational they won't include spammy garbage.

You're right of course, miners won't relay them. More importantly, where the hell did you go? I haven't seen you post here in months. Did you get fed up with Bitcoin or this forum?  What ever happened to Tangible Cryptography? You still in business?

[tim-tams]

This is something that is up to the miners, right? Everyone can choose for themselves what to accept/relay?

[kolloh]

Yeah ultimately, it is up to the miners on how they wish to handle those transactions.

[Hyena]

Yeah ultimately, it is up to the miners on how they wish to handle those transactions.

Except we're having problems with mining centralization so miners no longer represent the community but instead a few rich men who can bribe the miners to get what they want.

[Cryptlexity]

I believe that having dust transactions is important for those that use faucets and makes it cheap to introduce new people to bitcoin. We technically don't even have enough to give 1 satoshi to everyone on earth.

[Razick]

I chose to allow and relay dust, I do accept it would create huge traffic and volume and possibly open up to satoshi attack but I have a good reason, Bitcoin will become $1m+ per coin making a satoshi worth trading! Dust now is a pint of beer in the future!

If it ever becomes a pint of beer you can change your node settings to allow dust. By allowing worthless spam, you are actually decreasing the likely-hood that Bitcoin will be successful long term by increasing the cost to run a node and thereby reducing network security. There is literally no reason to accept dust.

Like DeathAndTaxes said, would you spend $0.49 cents to mail a penny? More accurately, would you spend $0.49 to mail a penny to a PO box that someone else has to pay a monthly fee for to keep just to hold your worthless penny for eternity on the hope that it might someday be worth at best $0.49?

[jaberwock]

My vote is accept dust transaction with a higher fee.

Not by the protocol, but by all miners.

It would avoid problems with blockchain commercial spam too

[Hyena]

My vote is accept dust transaction with a higher fee.

Not by the protocol, but by all miners.

It would avoid problems with blockchain commercial spam too

that's actually also pretty good idea because sometimes a developer might need to test their software to see how it responds to very tiny payments, WITHOUT using testnet.

[botany]

I would say allow these transactions after bitcoin is valued at $1 million, not now.
These transactions have no real value and serve no real purpose.