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Showing 5 of 5 results by Scotchman
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Board Beginners & Help
Re: Incentive to add transactions to block
by
Scotchman
on 04/12/2012, 04:39:58 UTC
And the truth shall set you free.  Transaction fees.  Thanks for the responses.

It seems the steady-state operation of the network is more dependent on fees than I originally realized.  But that makes perfect sense.  It also makes sense why the block reward is initially high.  Bootstrapping.  
Post
Topic
Board Beginners & Help
Re: Incentive to add transactions to block
by
Scotchman
on 04/12/2012, 04:26:12 UTC
Oh, hai there!

I'm about to buy some of your physical coins as Christmas presents.

I understand that the cost of adding transactions is negligible.  Still, is there any enforcement mechanism?  Can I receive a handful of transactions and then just get to work on solving the block?

I seem to remember something in the protocol specs about checking the timestamp of the latest transaction in a solved block or something like that.  But it wasn't clear, and I can't remember where I saw it now.

Anyway, it's not hugely important, but it has been bugging me.
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Topic
Board Beginners & Help
Topic OP
Incentive to add transactions to block
by
Scotchman
on 04/12/2012, 04:13:37 UTC
Fellow n00bs,

Does anyone know what incentive or protocol rule compels miners to add new transactions to a block they are working on?  It seems like adding new transactions is a waste of processing power.  Why not just receive a few transactions and then get to work?
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
Scotchman
on 14/09/2012, 02:57:15 UTC
I have been trolling hard for a not insubstantial period of time only to find out that I am doomed for the present time to post only to this forum, this thread of which, at least, seems very narcissistic. 

Well I think all of us appreciate the levity you have brought the the newbie bitcointalk community...I for one am quite disheartened that I have been condemned to troll around this meagre forum for a period of no less than 4 hours

At least someone in here knows how to spell meagre correctly.  Cheers!
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
Scotchman
on 14/09/2012, 02:43:31 UTC
I have been trolling hard for a not insubstantial period of time only to find out that I am doomed for the present time to post only to this forum, this thread of which, at least, seems very narcissistic.