Post
Topic
Board Bitcoin Discussion
Re: WARNING! Bitcoin will soon block small transaction outputs
by
muyuu
on 05/05/2013, 23:30:28 UTC
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.

This change is temporary, and at current valuations it's not an issue.

I'd be more interested in finding out what the permanent solution will be. But there must be something because block size is a finite resource.

The alternative right now is to leave it with MIN_RELAY_TX_FEE=0.0005 BTC.