j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM<div class="post">Hello Nixoid. I'll answer what I can. Everyone else, feel free to jump in and help, or to correct me if I have something wrong!<br/><br/>0) Yes and no. When people speak of a node here, they usually mean a generating node. You can have a wallet without generating coins, but you must have the software installed and running to make and receive transactions. You can, however, move your wallet between computers / accounts as long as you only keep one version of it. Otherwise, Bitcoin might try to spend the same coins twice. Your use case (on a flash drive) would be fine.<br/>1) You do need the whole transaction log to validate transactions. At the moment it comes to something like 25MB.<br/>2) I'm not sure about this one.<br/>3) This one either, sorry.<br/>4) At the moment, there is no transaction fee (I think). There is just support for one in the source code. At some point in the future, the transaction fee will be used to replace "mining" bitcoins as an incentive to run a node. Also, a transaction fee might be used to insure that other nodes accept your blocks.<br/>5) I'm not sure what sirius's plans are, but I would like to decentralize this very much. I think IRC is one of Bitcoin's Achilles heels at the moment.<br/>6) The rate of generation asymptotically approaches zero. About every 4 years, the number of coins created by each new block is halved. In roughly 10-11 years, each new block will generate 6.25 coins for the miner (instead of 50 today). At some point, transaction fees will be implemented to replace generation as the incentive to supply your bandwidth acting as a node. The idea is that the fee will be < 0.5%.</div> text/html
https://whatsonchain.com/tx/03e9c5be562b2b4fae33db14994981172a2385df5e3bf0a96b2dea2a48cfc6df