On Mon, Jun 08, 2015 at 06:06:00PM -0400, Bob McElrath wrote: > There was this wonderful technology invented a few years ago to deal with > spam. It's called Hashcash. All these hacky heuristics like block size are > just dancing around the problem, and the natural solution is already present > in bitcoin: smaller blocks, (down to the point of individual transactions) > each mined. Don't relay things that haven't been mined. As spam or > transaction levels go up, mining targets for submission go up too.
You know, you can think of Bitcoin as a system that maintains a ledger for transferrable hashcash... Which means transaction fees *are* paid in hashcash. -- 'peter'[:-1]@petertodd.org 0000000000000000127ab1d576dc851f374424f1269c4700ccaba2c42d97e778
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