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by consz 4785 days ago
>here's no good reason to make a transaction that small on the blockchain.

You don't have the right to say that, it should be my right to decide whether my transaction size is appropriate or not. This sounds like regulation to me.

3 comments

No we do have the right, as these are our computer resources being wasted. This is not a protocol change of bitcoin - you can still make and include your tiny transactions. You'll just have to mine your own blocks if you want them on the chain. All this change does is give nodes the ability to set thresholds on which transactions are relayed and included on the blocks they mine.
When your transaction size affects my bandwidth and my hard disk, it becomes my business. Essentially you are acting like a spammer: wasting a disproportional amount of other people's computational resources for your gain.
But that's not his fault. That's Bitcoin's model's fault.
Let's just have the model pay for the transactions, then?
That's like saying I have no right to stop email spammers and that they should have the right to decide if their email volume is appropriate or not.

Making sub-cent transactions is a waste of MY resources because every transaction gets duplicated to everyone's copy of the blockchain. That's spam. If we don't stop this then the blockchain will become so unwieldy that it makes Bitcoin all but useless for everyone, and that's not good for anyone.