Bitcoin Forum
December 03, 2016, 05:57:24 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How does one send 0.00 BTC ?  (Read 837 times)
bitstarter
Sr. Member
****
Offline Offline

Activity: 301


BitcoinStarter.com Support Account


View Profile WWW
July 14, 2012, 07:57:18 PM
 #1

I was just on the blockchain.info website and noticed this transaction:
or better yet why?



How does one send 0.00 BTC ?

Bitcoin Crowd Funding! Bitcoinstarter.com
1480787844
Hero Member
*
Offline Offline

Posts: 1480787844

View Profile Personal Message (Offline)

Ignore
1480787844
Reply with quote  #2

1480787844
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480787844
Hero Member
*
Offline Offline

Posts: 1480787844

View Profile Personal Message (Offline)

Ignore
1480787844
Reply with quote  #2

1480787844
Report to moderator
1480787844
Hero Member
*
Offline Offline

Posts: 1480787844

View Profile Personal Message (Offline)

Ignore
1480787844
Reply with quote  #2

1480787844
Report to moderator
Shirik
Jr. Member
*
Offline Offline

Activity: 32


View Profile
July 14, 2012, 08:07:37 PM
 #2

Link to the transaction? Your ID is cut off.

I suspect it's not 0 BTC, but rather just such a small number that it doesn't show up.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 14, 2012, 08:08:05 PM
 #3

blockchain.info rounds to two decimal points, bitcoin has eight decimal places.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
bitstarter
Sr. Member
****
Offline Offline

Activity: 301


BitcoinStarter.com Support Account


View Profile WWW
July 14, 2012, 08:13:20 PM
 #4

Link to the transaction? Your ID is cut off.

I suspect it's not 0 BTC, but rather just such a small number that it doesn't show up.

I don't know I caught it on the transaction scroll bar on blockchain  captured it Tongue so ..it wasn't mine..

Bitcoin Crowd Funding! Bitcoinstarter.com
bitstarter
Sr. Member
****
Offline Offline

Activity: 301


BitcoinStarter.com Support Account


View Profile WWW
July 14, 2012, 08:13:43 PM
 #5

blockchain.info rounds to two decimal points, bitcoin has eight decimal places.

ah so it might be cut off ? so might be 0.001 ?

Bitcoin Crowd Funding! Bitcoinstarter.com
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 14, 2012, 08:16:39 PM
 #6

blockchain.info rounds to two decimal points, bitcoin has eight decimal places.

ah so it might be cut off ? so might be 0.001 ?

Yep, anything less than 0.005 would show up as 0.00

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2492


View Profile
July 14, 2012, 08:25:49 PM
 #7

It is legal to send 0 BTC, but the bitcoin.org client doesn't support sending such transactions. This is useful in some cases.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 15, 2012, 06:25:18 AM
 #8

It is legal to send 0 BTC, but the bitcoin.org client doesn't support sending such transactions. This is useful in some cases.

Could you provide an example use case?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2492


View Profile
July 15, 2012, 07:41:58 AM
 #9

Could you provide an example use case?

It's used in hashcoin's payment channels protocol. Miners will need to do it in 100+ years when blocks have no subsidy (if there are no fees). You can use it for tracking an asset without tying up BTC: the asset is represented by the 0-BTC output, and sending this 0-value output to someone (also valid) transfers the asset. You can use it for storing data in the block chain without tying up BTC.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 15, 2012, 04:53:51 PM
 #10

Could you provide an example use case?

It's used in hashcoin's payment channels protocol. Miners will need to do it in 100+ years when blocks have no subsidy (if there are no fees). You can use it for tracking an asset without tying up BTC: the asset is represented by the 0-BTC output, and sending this 0-value output to someone (also valid) transfers the asset. You can use it for storing data in the block chain without tying up BTC.

Thanks

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
July 15, 2012, 06:41:42 PM
 #11

I really expected it to be Disallowed by the blockchain itself simply for "spam protection"
But yeah i can see how it could be useful

It would likely need a transaction fee attached for it to actually be mined in any reasonable time.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
July 15, 2012, 07:07:51 PM
 #12

Such a transaction, I believe, would have a priority of 0, since priority is the product of age and size. Thus, it would certainly need to carry a fee, unless it was produced by someone who had mined a block.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!