On Monday 03 December 2012 11:19:37 Michael Gronager wrote:
The aged coins are simply included in the block mining reward, creating
another incentive for miners. Further, if we include all coins in this
recycle scheme coins will never be lost forever.
Ignoring the cost of storing these
(Also posted on the forum: https://bitcointalk.org/index.php?topic=128900.0)
The amount of dust in the block chain is getting large and it is growing all
the time. Currently 11% of unspent tx outputs (UTXO) are of 1Satoshi
(0.0001BTC), 32% is less than 0.0001BTC and 60% is less than
On Mon, Dec 3, 2012 at 12:19 PM, Michael Gronager grona...@ceptacle.comwrote:
(Also posted on the forum:
https://bitcointalk.org/index.php?topic=128900.0)
The amount of dust in the block chain is getting large and it is growing
all the time. Currently 11% of unspent tx outputs (UTXO) are of
On Mon, Dec 3, 2012 at 1:24 PM, Michael Gronager grona...@ceptacle.comwrote:
If this were a proposal at the time Bitcoin was created, I would
definitely be in favor, but I feel we can't just change such a policy right
now - it's not what people signed up for when they started using the
1) Wouldn't the need to re-transact your coins to keep them safe from
vultures, result in people frantically sending coins to themselves, and
thus expand the block chain, instead of reduce growth?
Not at the rate suggested
2) putting those hard limits in passes a value judgement that IMO
The main source for these 1 Satoshi payouts is Sahtoshi Dice.
Because people are making 1 satoshi bets, or is this part of their
messaging system?
Pieter is right, getting consensus behind your proposal is too hard
and it's not likely to ever happen (I wouldn't support it, for one).
Outputs
On Mon, Dec 3, 2012 at 7:24 AM, Michael Gronager grona...@ceptacle.com wrote:
Bitcoin aka the blockchain is defined by the majority of the miners. This is
what people have signed up to imo. A scheme that a) is of benefit for us all
and b) is also of economical benefit for the miners, will
On Mon, Dec 3, 2012 at 10:00 AM, Mike Hearn m...@plan99.net wrote:
The main source for these 1 Satoshi payouts is Sahtoshi Dice.
Because people are making 1 satoshi bets, or is this part of their
messaging system?
It's part of their messaging system. Every losing play results in a
new 1e-8
It's part of their messaging system. Every losing play results in a
new 1e-8 output being created.
Every losing play? That's ... not excellent.
Well, this why the payment protocol spec has a way for merchants to
reply to customers with text instead of outputs.
On 12/03/2012 10:02 AM, Gregory Maxwell wrote:
(1) Make client software aggressive about sweeping up dust inputs:
Any time a transaction is created that has change keep adding in
extra inputs— smallest to largest— until an additional one would
increase the cost of the transaction by 0.0001 BTC
Perhaps it could be improved by cleaning up dust from any address by default
(not just ones already included in the tx), with the option for the user to
disable that behavior. After all, anonymity was never a core feature of the
network
It's cool that Armory already does this. I never had
On Mon, Dec 3, 2012 at 10:30 AM, Mike Hearn m...@plan99.net wrote:
Second thing, it's best to carefully separate anonymity from
privacy. Privacy is supposed to be a feature of the system (it says
so in Satoshis paper) because people demand it. If I loan a tenner to
my friend and he is able to
These are all valid points. I hadn't really thought much about this point
until you all just brought it up. The reason I so quickly spout off that
phrase, is that I endlessly get requests from Armory users to implement
more anonymity-based features. When I say there are bigger priorities,
they
My only comment is that it should be called escheatment, not demurrage ;)
It's relation to demurrage is only that it might be desirable to garbage
collect decayed bit-dust. We looked at it early-on in the Freicoin
development, but rejected it as a possibility due to reasons others have
mentioned,
These discussed features are all useful but quite contradicting.
I imagine that a user will be able to switch between different coin
selection policies minimize fees,max privacy,defragmentation,i
don't care and even switch between them for individual sends.
On Mon, Dec 3, 2012 at 2:50 PM, Andreas Petersson andr...@petersson.at wrote:
These discussed features are all useful but quite contradicting.
I imagine that a user will be able to switch between different coin
selection policies minimize fees,max privacy,defragmentation,i
don't care and even
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