jdillon



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MemberActivity: 70Merit: 10 WARNING! Bitcoin will soon block small transaction outputs May 05, 2013, 06:51:20 PM

Last edit: May 05, 2013, 07:36:25 PM by jdillon #1



https://github.com/bitcoin/bitcoin/pull/2577



Many Bitcoin users are going to be affected and see their funds blocked. For instance ASICMiner share payments, BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.



Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.



edit: To be clear, I like the patch:



What I don't like is when I realized not once had Gavin or anyone else in the development team made a public statement that this change was coming down the line. If I hadn't made this post, for all I know it would have been hidden away in the next Bitcoin-QT with no warning at all, right when we all have to upgrade before May 15th.



Why isn't think on your blog or someone else so people have time to change the way their businesses operate? Why the secrecy? Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:Many Bitcoin users are going to be affected and see their funds blocked. For instance ASICMiner share payments, BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.edit: To be clear, I like the patch: https://github.com/bitcoin/bitcoin/pull/2577#issuecomment-17138223 What I don't like is when I realized not once had Gavin or anyone else in the development team made a public statement that this change was coming down the line. If I hadn't made this post, for all I know it would have been hidden away in the next Bitcoin-QT with no warning at all, right when we all have to upgrade before May 15th.Why isn't think on your blog or someone else so people have time to change the way their businesses operate? Why the secrecy?

HorseRider

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DonatorLegendaryActivity: 1120Merit: 1001 Re: WARNING! Bitcoin will soon block small transaction outputs May 05, 2013, 06:59:58 PM #2 Quote from: jdillon on May 05, 2013, 06:51:20 PM



https://github.com/bitcoin/bitcoin/pull/2577



Many Bitcoin users are going to be affected and see their funds blocked. For instance ASICMiner share payments, BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.



Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.

Gavin Andresen has changed the Bitcoin code to block any output with a value of less than 54uBTC:Many Bitcoin users are going to be affected and see their funds blocked.BitHits faucet payments, anyone depending on microtransactions. If you depend on small payments you need to change your business model now or find yourself shutdown overnight.Gavin: It's sad that you aren't willing to speak about this publicly on the forums, rather than hiding away all the debate on GitHub away from the general public.

ASICMINER usually includes many share payments in a single transaction. some payments is very small but they added up to a large transaction. Will this kind of transaction be affected?

ASICMINER usually includes many share payments in a single transaction. some payments is very small but they added up to a large transaction. Will this kind of transaction be affected? 16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P

lucif



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Sr. MemberActivity: 462Merit: 250Clown prophet Re: WARNING! Bitcoin will soon block small transaction outputs May 05, 2013, 07:01:53 PM #4



Quote Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services.

From one patch to another, Bitcoin becomes what they try to get rid off. This is Satoshi critics to existing system Bitcoin should be opposite to. They breaking the Bible From one patch to another, Bitcoin becomes what they try to get rid off.

jdillon



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MemberActivity: 70Merit: 10 Re: WARNING! Bitcoin will soon block small transaction outputs May 05, 2013, 07:18:13 PM #10 Quote from: Vladimir on May 05, 2013, 07:16:13 PM Yes, the price on money transfers will be determined by free markets. It is not impossible that bitcoin will mostly be used for debt settlement and large transfers like real estate transactions and inter bank ops.



I agree with you on that point. What I do not agree with is Gavin simply making a change without informing the public or letting people have any chance to prepare in advance, nor does he have any alternatives to give people. I agree with you on that point. What I do not agree with is Gavin simply making a change without informing the public or letting people have any chance to prepare in advance, nor does he have any alternatives to give people.

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NewbieActivity: 17Merit: 0 Re: WARNING! Bitcoin will soon block small transaction outputs May 05, 2013, 07:35:44 PM #16 This sounds ridicilous. Can someone better qualified than me explain why this is so severly needed and what the worst case scenario would be if we didn't do this?



With the price changes in bitcoin 0.7 cents sounds like a unreasonably large amount to cap it.



What's the problem with miners deciding what transactions they include?