Comment Re:Elegent way to do micro transactions? (Score 1) 38
Exactly. The problem is that dust transactions (pennies) are currently not getting picked up in the Bitcoin ledger, because there is not enough space in the transaction block for them. Miners choose the largest amounts of transaction payments, sometimes which go as high as 50 cents. Obviously, 50 cents is no big deal if you are moving thousands of dollars, but it's a huge deal if you are paying a penny for a listen.