Bitcoin still supports transactions down to 1 cent which is waaaay better than Visa or Mastercard in terms of micro transactions. Just because you can't transfer fractions of a cent anymore doesn't mean Bitcoin is 'doomed'
EDIT: Downvote me all you want niggers, I don't care.
That's like saying I have no right to stop email spammers and that they should have the right to decide if their email volume is appropriate or not.
Making sub-cent transactions is a waste of MY resources because every transaction gets duplicated to everyone's copy of the blockchain. That's spam. If we don't stop this then the blockchain will become so unwieldy that it makes Bitcoin all but useless for everyone, and that's not good for anyone.
You can aggregate those and pay them out when they become big enough. Bitcoin stores every transaction on every computer on the Bitcoin network. It's not suited to transactions that small, you're just wasting everyone's resources.
If you're making transactions smaller than 1 cent, keep them off the blockchain. You're just wasting everyone's resources. Aggregate them until they're big enough to matter and THEN commit them to the blockchain.
No this is awesome. Only transaction smaller than about half a cent is blocked. There's no good reason to make a transaction that small on the blockchain. Satoshidice sends thousands of transactions of one satoshi each every day and it adds gigabytes of data to to millions of computers worldwide. What a waste of resources.
Now that someone's identified these coins people will watch them very closely. It's gonna be very difficult for Satoshi to ever get their millions out of the system.
It's pretty simple to work around the price fluctuations. You keep your money in a USD denominated account in a bitcoin exchange (MtGox or whatever) and convert just what you want to spend whenever you need to pay for something in bitcoin. It's instantaneous and easy.