Quote from: mouse on June 29, 2011, 10:02:40 AM

that's why i said it rules out micropayments

At current bitcoin prices, the minimum value of bitcoin that can be transferred THROUGH THE BITCOIN CLIENT without attracting penalty transfer is 0.01BTC x 16.89US$ = 0.169US$. I don't know what is the price of a printed newspaper in your parts of the world, but if I had to transfer 0.169US$ of bitcoins to a publishing provider and only the values of articles I read, get subtracted from the 0.169US$ worth of bitcoins in balance, I would be pleased. Let's say I read two articles in today's edition, each subtracting 0.001btc (or maybe even less for some items) from my 0.01btc credit balance - I would still have 0.008btc left with the publishing provider without any transfer penalties incurred. Tomorrow or in future I can use the remaining balance at this publishing provider without incurring any transfer penalties.

Also the same goes with any micro service/goods provider with an account on mybitcoin.com for example. No transfer penalties for micro transfers between accounts of all mybitcoin.com users.

Quote from: mouse on June 29, 2011, 10:02:40 AM

edit, let me ask, are you saying that transaction fees are not required if oyu want to cash out of BTC right after receiving a payment, and you wish to do this 100s of times a day?

I think you do.

That's right, if you transfer more than 0.01btc there is no compulsory fee through the bitcoin client, and if you sell/buy bitcoins through free market places like bitomat there are no commissions involved in selling/buying bitcoins. If you keep your credit in your bitomat account there is also no fee, only a traditional bank transfer fee when you withdraw script/promissory note fiat currency, not when you transfer bitcoin digital goods (digital goods commodity used as currency) in / out.