Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Transaction Volume
by
DamienBlack
on 29/06/2011, 17:47:41 UTC
I think you just found a inescapable vulnerability, what if someone sets up two accounts and they just send bitcoin back and forth.  It would crash the system.  I can see no fix. 

This has been discussed.  The fix is transaction fees.

Knew there had to be a fix somewhere thanks.  When do transaction fees kick in.

Transaction fees have already kicked in. Right now, we still get a pretty quick response even if we don't pay transaction fees. But if the network ever started getting clogged, you could pay a small transaction fee to be given higher priority. In the future, it is possible that transactions without fees take days, while transactions with fees go much quicker.