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"We should always allow at least some free transactions." -Satoshi Nakamoto..π§‘π
#Bitcoin #Fees #Satoshi #Nakamoto
https://satoshi.nakamotoinstitute.org/posts/bitcointalk/439/
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"We should always allow at least some free transactions." -Satoshi Nakamoto..π§‘π
#Bitcoin #Fees #Satoshi #Nakamoto
https://satoshi.nakamotoinstitute.org/posts/bitcointalk/439/
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Wow, thank you for sharing. So does this mean in the pure early days of Bitcoin post genesis that a majority of transactions were being validated for free? Is there still a threshold where this happens presently or is every transaction in each block from square 1 fee inclusive?
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I don't remember there being any fees in the early days. There were some changes made. But I don't really know that much about them.
I had to step away from #Bitcoin around the end of 2010. When apparently #Satoshi did too. I had to attend to some other things for a while. Things got crazy for me.
But I continued to run a full node, and try and keep up. I realized from day one that Bitcoin was important, and I would have to do my part to see to it that it succeeded for the greater good.
I fought in the block size #wars, and several other skirmishes. Today the challenge is to finish implementing #Satoshi's design.
Making sure that some Bitcoin transactions will always be processed for free. Plus the implementation of micropayments.
We also have to hold miners accountable to filter out spam and illegitimate non-financial Bitcoin transactions.
I'm not sure how we can do all this. But it will have to be codified into the protocol. And enforce by The Virtuous full nodes, and the Bitcoin loyalist.
So that's my story, and I'm sticking to it..π§‘ππππ¦
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