Post
Topic
Board Bitcoin Discussion
Re: Minimum transaction fee is the anti-spam mechanism of Bitcoin, not block size
by
jbreher
on 21/12/2015, 02:49:44 UTC
blocklimit stops more than 4000 people making 1 transaction every 10 minutes, even if that tx only costs a few cents each person

Sort of. Block limit stops more than 4000 people making 1 transaction every 10 minutes, regardless of how much they might choose to bid in the transaction fee.

my point i have emboldened. simply that the blocklimit stops 4000 people sending one spam tx to themselves each any transaction at all

the cost per person was just a side note, purely to say that it wouldnt cost much for each person to send. meaning without the blocklimit 4000-8million people could send transactions without little cost to themselves

And mine I have underlined. The block limit prevents 4000 from sending any transaction within 10 minutes - regardless of spam or house purchase, no matter to whom. I am not disagreeing with you - I am agreeing, yet amplifying further that the restriction is not tx to one's self, nor 'spam' tx. It is rather any transaction whatsoever in number greater than ~4000 in ten minutes.