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When will 0.001 BTC trades be available?
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Topic: When will 0.001 BTC trades be available? (Read 1435 times)
Hezekiah1997
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When will 0.001 BTC trades be available?
May 26, 2011, 12:30:21 AM
#1
I was curious if we were waiting on 2013 for this to happen or if this is already going on...
error
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Re: When will 0.001 BTC trades be available?
May 26, 2011, 12:31:29 AM
#2
Quote from: Hezekiah1997 on May 26, 2011, 12:30:21 AM
I was curious if we were waiting on 2013 for this to happen or if this is already going on...
You could do it now if you wanted, though the tx fee will kill you. Next release 0.3.22 this will be fine.
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
Hezekiah1997
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Re: When will 0.001 BTC trades be available?
May 26, 2011, 12:32:16 AM
#3
ok thanks
deuxmill
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Re: When will 0.001 BTC trades be available?
May 28, 2011, 08:28:36 PM
#4
Quote from: error on May 26, 2011, 12:31:29 AM
Quote from: Hezekiah1997 on May 26, 2011, 12:30:21 AM
I was curious if we were waiting on 2013 for this to happen or if this is already going on...
You could do it now if you wanted, though the tx fee will kill you. Next release 0.3.22 this will be fine.
So now the fee is larger for smaller transactions ? will it always be like this? This ain't right.
error
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Re: When will 0.001 BTC trades be available?
May 28, 2011, 08:40:02 PM
#5
Quote from: deuxmill on May 28, 2011, 08:28:36 PM
Quote from: error on May 26, 2011, 12:31:29 AM
Quote from: Hezekiah1997 on May 26, 2011, 12:30:21 AM
I was curious if we were waiting on 2013 for this to happen or if this is already going on...
You could do it now if you wanted, though the tx fee will kill you. Next release 0.3.22 this will be fine.
So now the fee is larger for smaller transactions ? will it always be like this? This ain't right.
No, the fee is larger for spending recently received small coins.
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
deuxmill
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Re: When will 0.001 BTC trades be available?
May 29, 2011, 01:25:58 PM
#6
Quote from: error on May 28, 2011, 08:40:02 PM
Quote from: deuxmill on May 28, 2011, 08:28:36 PM
Quote from: error on May 26, 2011, 12:31:29 AM
Quote from: Hezekiah1997 on May 26, 2011, 12:30:21 AM
I was curious if we were waiting on 2013 for this to happen or if this is already going on...
You could do it now if you wanted, though the tx fee will kill you. Next release 0.3.22 this will be fine.
So now the fee is larger for smaller transactions ? will it always be like this? This ain't right.
No, the fee is larger for spending recently received small coins.
Oh i see ... so what means recently recieved small coins ? < 0.1 and with how many confirms ?
FreeMoney
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Re: When will 0.001 BTC trades be available?
May 29, 2011, 11:38:19 PM
#7
Actually priority is higher for larger tx which means that in order to get the same priority are a larger tx a smaller tx needs a larger fee. This is not hard coded it's just the default rule and is in place to reduce spam. I don't think it needs to be like that (some tiny min fee (as optional miner rule, not forced) will disincentivize spam just fine) and it will change in the future.
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