Re: WARNING! Bitcoin will soon block small transaction outputs

Now, we will be regulated to only sending transactions of a certain size. No free market choice here...

Shame of them limiting the amount to one satoshi! it should be 1/100000 of a satoshi.....

What kind of argument is that? Roll Eyes

You have a point, but Bitcoin started with an understanding that 1 satoshi was the minimum. Now, we're being told that the limit is 5340 satoshis, with no free-market input on the matter. It's rather disappointing. Individuals should be able to decide what size of transaction is too small - we shouldn't all be forced to suddenly abide by the same arbitrary rule.

5340 satoshis is negligible, less than a US or Euro cent, and a very sensible minimum. This cutoff is a needed arbitrary rule which mirrors the real-world where fiat sub-cent transactions are also unwelcome. The 5340 will be reduced as BTC value increases.

This whole thread is a fuss about a benefit interpreted wrongly.

The Achilles Heel of Bitcoin is being swamped by transactions worth less than a cent because, unlike fiat coinage transactions, Bitcoin transactions are stored on thousands of servers for years or forever.