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Except your coins can become fragmented (into dust) through no fault of your own. You might not even realize that many inputs are needed to complete your single
by Paul-ish 9y ago
Except your coins can become fragmented (into dust) through no fault of your own. You might not even realize that many inputs are needed to complete your single transaction. I don't see how this would happen with traditional institutions.
- Zak 9y agoI hadn't really considered that; I was only vaguely aware it was possible. Yes, that's a problem. I'm inclined to think of Bitcoin as the beta for widespread adoption of cryptocurrency. It has some issues, including this one that mean it will probably never be what most people use for everyday money. Whatever succeeds it and eventually assumes that role will avoid those problems.
- Paul-ish 9y ago> It has some issues, including this one that mean it will probably never be what most people use for everyday money. Whatever succeeds it and eventually assumes that role will avoid those problems. I wouldn't go as far as to say this is a show stopper. Wallet developers should be (and probably are) aware of this and take it as a challenge optimize the way their wallets spend money to avoid this issue, even in the face of receiving btc in a way that may create dust.
- Zak 9y agoI think the built-in deflation and transaction volume issues are bigger problems, but I only have a passing knowledge of the subject.