On 23/06/11 10:18, Alec Conroy wrote: > On Bitcoin-- we (and the web in general) desperately need a > zero-overhead micropayment system of some kind. I can't help but > think our fundraising efforts would be helped if people would able to, > on impulse and without premeditation, donate $1 to WMF in thanks for > particular articles and have the full $1 actually get sent, without > transactions fees.
You need a massive distributed GPU processing cluster to verify bitcoin transactions. Because massive computing clusters are not free, the bitcoin protocol includes the ability to pay a transaction fee to the cluster that verifies the transaction. If bitcoin is still in use after the minting reward dries up, we will have a situation where ever larger pools of GPUs will compete for tranasction fees. So I don't think it can be called "zero-overhead". https://en.bitcoin.it/wiki/Transaction_fee -- Tim Starling _______________________________________________ foundation-l mailing list [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
