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https://ipfs.io/ipfs/bafkreiblkqhr2y5wahso7ttefyuyklmcbru5gpwb4ihumza4 ... by joshman

View this thread on: hive.blogpeakd.comecency.com
· @joshman ·
$0.88
https://ipfs.io/ipfs/bafkreiblkqhr2y5wahso7ttefyuyklmcbru5gpwb4ihumza4 ...
<br /> https://ipfs.io/ipfs/bafkreiblkqhr2y5wahso7ttefyuyklmcbru5gpwb4ihumza4m5xb7aqdae

This got me to thinking: dust balances such as this over time will make a dent in the BTC supply.  Perhaps not as much for exchange wallets, but definitely for abandoned software wallets. <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 5 others
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vote details (69)
@chrisrice ·
$0.05
It would take 1 million of those transactions to = 2.6 Bitcoin

- How many of these transactions will there be in 5 to 10 years? <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
$0.03
True. This is an extreme example to the lower side.  You could have 500-1000X this amount and still not be able too cover transaction fees.
πŸ‘  ,
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vote details (2)
@chrisrice ·
Yeah, that's true πŸ™‚β˜οΈ <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
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@gabbynhice ·
$0.05
Few days ago I was also thinking about the same. It will be really good to collect it. There are tons of these amounts and even if there will be a option to donate it I will do it for sure.  <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
Sad it's not worth the transaction fees to move it :(
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@gabbynhice ·
Yeah i know. πŸ˜” right now on uniswap i cant even exchange some small erc20 tokens worth few $ each. πŸ˜” <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
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@hivebuzz ·
Congratulations @joshman! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@joshman/upvoted.png?202101242258"></td><td>You received more than 55000 upvotes. Your next target is to reach 60000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@joshman) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>

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@littleboy ·
$0.05
It does. This is one of the points made in BAT's paper on token velocity after community members criticized the token model. <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
Interesting, can you link me that?
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@littleboy ·
https://basicattentiontoken.org/wp-content/uploads/2018/12/token-econ.pdf
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@mashurre10 ·
$0.05
Crypto faucets are notorious for that. Just imagine the amount of dust balances in those abandoned accounts. <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
Yeah, just another thing that keeps downward pressure on the available supply.
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@patrickulrich ·
$0.05
This is why most exchanges and users need to adopt lightning. This would be an easily routeable amount on LN and wouldn't limit users from transacting.  <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
True, but I think you still need to generate a transaction to get from L1 to L2.  So if the dust is created as a result of an L1 transaction, it's trapped on L1.
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@patrickulrich ·
Its likely most user addresses on an exchange are a derivative of the same HD wallet for the exchange. They could easily accept onchain balances and do a batch transfer for all of their clients in the same tx when the user withdraws via Lightning. <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
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@splatts ·
$0.06
I get a little TO’ed when I β€œsend all” and there are pennies left.... β€œA penny earned” Abandoned or not, it adds us. Reminds me of the movie Office Space for some reason... nickel and dime them bastards... πŸ˜‚πŸ˜‚ <br /><br /> Posted via <a href="https://d.buzz" data-link="promote-link">D.Buzz</a>
πŸ‘  
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vote details (1)
@joshman ·
Yeah, I often wonder how there is shit left over after I tell it to send all.  I think it has something to do with the UTXO system.
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