Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMË<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=2162.msg28380#msg28380">Quote from: jgarzik on December 09, 2010, 03:14:00 AM</a></div><div class="quote">Currency transactions would have to fight harder -- pay more fees -- to make sure they're processed in a timely fashion, due to all the non-currency data in the block chain. &nbsp;Increasing the block size does not reduce transaction fees.<br/></div><br/>Sorry I have to disagree with you,&nbsp; the transaction fees are based upon the 'cost' to generator to include the transaction.&nbsp; The cost is directly related to the amount of data needed to be included.<br/><br/>In the future there will be no 'hard limits' on block size, only the risk that the block will be rejected and orphaned by the chain as it is to large.<br/><br/>When a generator deciding what transactions to include, if the network is already profitable with very large blocks, (eg. 20mb+ as they have much non-currency data in them), then including very small 'currency' transactions have a minute cost. For example, 20,000,000 vs 20,000,010.<br/><br/>If the block chain is restricted to just currency data, there is much less incentive to improve the efficiency of handling large blocks data.&nbsp; Therefore the relative cost will be much greater... 500,000 vs 500,010. Therefore the transaction fees required for small amounts of data are likely to be higher on a system that only induces currency data.</div> text/html