Post
Topic
Board Bitcoin Discussion
Re: Why is 0.00000001 BTC "too small" with Bitcoin QT?
by
guybrushthreepwood
on 21/02/2014, 21:23:57 UTC
Or fix the wallet.

Thanks Barek.

-B-

What needs fixing exactly? I don't think miners should have to process such a worthless transaction without a fee.

What exactly is a worthless transaction?

What if one day the lowest BTC unit is equal in value to $1?

Then, we have a $%##% problem. The whole world will come to a stand-still because no transaction is going to get processed..

The transaction fees will and are adjusted accordingly.

What needs fixing exactly? I don't think miners should have to process such a worthless transaction without a fee.

This limitation is quite deliberate. It makes flooding the network with tons of transactions much more expensive.

This is why it's a good idea. Why would anyone want or need to send the tinest fraction of a Bitcoin? And if you did, you should have to pay a fee.