Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Sorry, missed this:
It means you only need to work with economic disincentives for those who are serious in transacting versus script kiddies.
One man making one-five-ten transactions with, say, a 0.08$ fee won't go "bust" by paying these low fees.
There you go again 
I agree with you that bad things are bad. Is your definition of spam "tx X is spam if X contains < 0.08$ tx fee?" That's just an example of a useful definition, what one might look like, because, sometimes, examples help.
What does ["However trying to understand the intent by code is unnecessary."] mean?
It means you only need to work with economic disincentives for those who are serious in transacting versus script kiddies.
One man making one-five-ten transactions with, say, a 0.08$ fee won't go "bust" by paying these low fees.
I agree with you that bad things are bad. Is your definition of spam "tx X is spam if X contains < 0.08$ tx fee?" That's just an example of a useful definition, what one might look like, because, sometimes, examples help.
The number is an example. You can only code it in satoshi/byte, so what is currently 0.08$ will be 0.25$ by the time we are back at the ATH of 1200+$. That will still be below PayPal / CCs and probably in line with "top of the microtransaction range". Of course, that's just my number, another one might say 1$, another one might say 0.1$ - who cares. Opinions are like a$$holes and everyone has one... right?
What counts is the intent of transacting. If one wants to transact then they'd have no problem paying a few cents for their transaction. It's not any serious burden. If they want to spam thousands/millions of txs => they'll have to pay some serious fees. Right now it's typically costing the spammers 0 to 2 cents. That's the width of the spamming range.
If serious fees aren't used as a disincentive then it's an economic amplification attack against the system, in the sense that it costs me zero or near zero to burden the network and 7.000 nodes must then carry processing, bandwidth and storage costs for years and decades (which is not sustainable).
Anyway, all these and more, the devs already know. They have to balance things between abuse and expansion as well as science and populism. We'll see how it goes.