25 Jul '12, 4am

Is it possible that bitcoin will become unaffordable to use for micropayments?: Regarding transaction fees, right...

Regarding transaction fees, right now the fee is pretty reasonable at the price of a bitcoin... But if transaction fees go up (more sites like SatoshiDice flooding the network?) and the price of a bitcoin goes up (eventually, to like $100+ theoretically), then the transaction fees might get really high. To send a BTC right now, you might pay like 0.0005 BTC I think, doesn't seem like much, but what if you wanted to send someone a really small integer, like 0.0005, you would pay like double in fees. If a BTC is trading for $1000, that makes 0.0005 tx fee cost $0.50... That's not much either, but you pay that on tiny transactions. Sometimes I go to send a BTC, and I guess if there are multiple small bitcoin addresses that it needs to send from, and I pay a 0.01 fee. If the network gets very congested and the BTC price goes up (like it's destined to do), won't it be unafforda...

Full article: https://bitcointalk.org/index.php?topic=95218.0

Tweets

Naming is the most powerful abstraction possible

robots.thoughtbot.com 24 Jul '12, 2pm

def acquire_access_token_for(code) access_token_response = access_token_post(code) case access_token_response when Net::HT...

has officially launched!!! Get your #bitcoin hat now!

has officially launched!!! Get your #bitcoin ha...

BTCGear.com 25 Jul '12, 5am

Currency BTC $ Shopping Cart 0 item(s) - $0.00 Your shopping cart is empty! Welcome visitor you can login or create an acc...

FreeTalkLive discussing Bitcoin right now: #Bit...

freetalklive.com 26 Jul '12, 3am

Just click one of the links below (If prompted, choose "Open") to launch the latest episode of the show! You'll hear our l...

The London 2012 Bitcoin Conference #bitcoin

The London 2012 Bitcoin Conference #bitcoin

bitcoinmagazine.net 24 Jul '12, 11am

Last November, Mitchell Bourne, with the aid of the Bitcoin Consultancy, organized a highly successful Bitcoin conference ...

Save you money yourself no bank fees

bitcointalk.org 29 Jul '12, 5pm

"Bitcoin price soars above $9 for the first time in almost a year The currency's value has soared 40 percent in the last m...

#Bitcoin mining is a business and very competit...

weusecoins.com 27 Jul '12, 4am

Let's clear up some misconceptions about mining. Most Bitcoin users don't mine! Bitcoin mining is a business and very comp...

Justice Dept defended its use of the state secr...

fas.org 24 Jul '12, 4pm

Justice Department Defends Use of State Secrets Privilege July 24th, 2012 by Steven Aftergood “The Government has invoked ...

Proposal for security standards in #bitcoin exc...

bitcointalk.org 26 Jul '12, 5am

Someday, enough money will be stolen that the Bitcoin community will consider using public key cryptography that was inven...

How-To Use Simple Cut Transitions When Editing Video and Why You Should [Reel Rebel #12]: On today's Reel Rebel

How-To Use Simple Cut Transitions When Editing ...

reelseo.com 25 Jul '12, 8pm

Hey, I’m Stephen Schweickart with VScreen where we make these things called videos for companies. Today, we’re going to ta...

How to become rich in stocks??? (11)

How to become rich in stocks??? (11)

thefinance.sg 21 Jul '12, 7am

How to become rich in stocks??? (11) by Createwealth8888 on July 21, 2012 How to become rich in stocks??? (10) Coming next...