Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
balu2
on 04/02/2015, 16:48:35 UTC

Wouldn't it be bad for Bitcoin, when transactions are happening somewhere(an altcoin?) else?
Spammy microtransactions are those with smaller fees aren't they? So more transactions means higher fee. So, it will lead to private people stopping to use Bitcoin, since they can't afford transactions.
Isn't small fees one of the main arguments for Bitcoin?
Tell me, how wouldn't that lead to higher fees?

Obviously we don't share the same vision of the future, maybe that's the problem.
Can you explain to me why microtransation MUST occure on the bitcoin chain secured with huge and expensive hashpower?
It wouldn't get more expensive because there are more transactions. Finding a block, doesn't have anything to do with how much transactions are there.
You dodged my question about the fees growth.

to not doge your question i would have to go look somewhere - i was reading a comment from Luke Jr. how bitcoin is specifically not good for microtransactions and i think he has that right. Smaller fees are possible on some crapcoin that isn't secured with such expensive hash and it's fully rational to say 'for transactions below 2$ reddcoin is secure enough and that shit doesn't need to be on btc chain. You really want to keep satoshi dice on chain don't you?

But i don't see why i need terrabytes on my PC full of satoshi dice crap ...