Last few posts (excluding the one right before this one) show an epic misunderstanding of what's going on. Bitcoin isn't broken, SD didn't break it. It's a sort of thorn in our sides. On the other hand, how can anybody be glad that the blockchain "is being flooded"? We live in a finite universe, you can't fit an infinite amount of anything in anything. The blockchain is no exception. The amount of fees that SD pays is besides the point. The question at hand is, of what value is all the data that's in the blockchain? We have to carry this with us, it makes sense to only take the essentials. If most of the data is noise then it impacts the useability of bitcoin. So for this reason I say that in the case of the blockchain there is such a thing as garbage, undesirable contents.
Look at my last post. I detail some facts about mining and miners. Miners DO have the power (and authority) to censor transactions. They can DEMAND that you pay a higher fee. This isn't a mistake, these are the brakes designed into the system for EXACTLY THIS PURPOSE. I contend that no system exists that can withstand an infinite amount of bad product, waste or whatever you'd like to call it. Further I expressly retain the right to kick this noise to the curb if I feel it will benefit the network.
Good day sirs!
You're kind of getting to the same point, just from a different direction.Look at my last post. I detail some facts about mining and miners. Miners DO have the power (and authority) to censor transactions. They can DEMAND that you pay a higher fee. This isn't a mistake, these are the brakes designed into the system for EXACTLY THIS PURPOSE. I contend that no system exists that can withstand an infinite amount of bad product, waste or whatever you'd like to call it. Further I expressly retain the right to kick this noise to the curb if I feel it will benefit the network.
Good day sirs!
The fact is, miners can choose to to do whatever the heck they want. Which is exactly what you said, and exactly why I am glad that Satoshi Dice has been doing what it has been doing, because it will begin forcing miners to care about what transactions they include and what transactions they do not include, and whether they want to increase the soft limit or hard limit on block sizes, etc. It will force users of Bitcoin to decide whether they want to include fees and how large of a fee to include, and it'll force clients to give users more flexibility in whether they choose to include a fee or not and how large that fee should be. And while we can sit in this thread all day discussing the best course of action, it is ultimately entirely in the power of each individual to decide what is best for them to do.
In other words, SD is forcing us to face the growing pains of Bitcoin. The GROWING pains.
I like it. It'll mean a more mature and usable Bitcoin down the road.