Post
Topic
Board Bitcoin Discussion
Re: Bitcoin under ATTACK now: What YOU can do to help!
by
fergalish
on 08/03/2013, 10:57:59 UTC


So, for each output below 0.01BTC (threshold which depends on bitcoin value, currently ~$40), every time the output halves in value, the transaction fee must increase by TXFEE.



LOL
Bitcoin value for me is pricless now please put it in code....
Would be reviewed periodically by developers - much like the transaction fee, now at 0.0005BTC. If bitcoins jump to $100 or $200, the minimum transaction fee will probably be reduced to 0.0001BTC. What I mean is, with fiat currency, there is a minimum transaction - $0.01.  Actually, in Canada, isn't it CAD$0.02 ?  I gather some European countries don't even use €0.01 coins anymore.

So the devs would introduce a minimum recommended transaction output of 0.01 BTC. According as 1 BTC buys more and more potatoes, the minimum transaction should be reduced accordingly. In any case, the minimum transaction output should ALWAYS be greater than the minimum transaction fee, so that these spammy outputs can always pay for their own redeeming and be eventually pruned.