Post
Topic
Board Economics
Topic OP
Minimum Transaction Amounts
by
TechieCFO
on 21/03/2014, 03:33:00 UTC
I read recently 5460 or so Satoshi are the minimum for transactions to be relayed and mined.
After a bit of testing that seems pretty close.

I would suggest 5460 is too high. 1 x 10 to the minus 6 is much better, 10^ -7 would be
even better. There is without doubt, a way to integrate these near nano
transactions into the flow so no excedrin is needed

people talk about these "dust" transactions just causing headaches, but then
why did Satoshi set the minimum to 10^-8? Was that just stupid on his part?

I guess not. He's just waiting till someone sees what he saw? Maybe.
I see many uses for near nano transactions that would
be very beneficial for bit coin and people too. I also see that 5460 satoshi
is probably about 100X too high.

unfortunately I feel this just falls on deaf ears. But its better to suggest a smart
change than remain silent. What I could also suggest is that Bitcoin should be capable
of processing 1500 billion transaction per day, at a minimum.

We have plenty of currencies in the world. One more currency that only does minimum
transactions around a penny, well…. so what good is that? Bitcoin could distinguish itself
from the others quite well if it wants to.


James