Post
Topic
Board Bitcoin Discussion
Re: WARNING! Bitcoin will soon block small transaction outputs
by
Littleshop
on 05/05/2013, 22:15:31 UTC
Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:
...

So, what happens when Bitcoin takes over the world economy, and 54 uBTC is worth a lot of money ($54 say)?  Then Bitcoin will only be usable for large-value transactions...  It will be more like the existing inter-bank wire-transfer system at that point...
Maybe use litecoin, that's one of the reasons it was created.

Not really.  Litecoin is FASTER. Litecoin handles micro transactions quite poorly though because the fee is actually higher on a dollar basis than bitcoin.  Until litecoin is patched it costs .1 LTC or about 40 cents for a transaction.  If I were to take litecoin for my $2 orders might actually cost the customer more then Paypal would charge me (in microtrans mode)!