Post
Topic
Board Bitcoin Discussion
Re: Bitcoin huge fees
by
Iranus
on 29/08/2017, 23:28:39 UTC
Stop complaining, just send larger valued transactions to take advantage of the platform.
What about people who aren't rich?  Are they supposed to be priced out of using BTC?

sorry about my ignorance, but what would happens if the protocol itself would ask the miners to go for all the transactions no matter the fee size just following a timestamp that would determined that for certain transaction to be processed first all transactions that were made before must be confirmed?
I agree with the principle of indiscriminately accepting transactions, but that wouldn't happen in practice - it opens up a significant attack vector.  If you were an attacker, you could send unlimited amounts of transactions and fill the whole blockchain with spam transactions - almost for free, because transactions would not be confirmed based on fees.

Of course there are various arguments about the merits and drawbacks of increasing the block size, but one thing that it can do is increase how expensive it is to spam the network.  For a spammer to get their transactions confirmed they have to pay a fee that makes that happen unless they're a major mining group that can selectively include spam transactions.