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


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