From: damian@willtech•com.au
To: Casey Rodarmor <casey@rodarmor•com>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Draft-BIP: Ordinal Numbers
Date: Wed, 23 Feb 2022 18:02:03 +1100 [thread overview]
Message-ID: <0642a5e59464779569f9d0aab452ee27@willtech.com.au> (raw)
In-Reply-To: <CANLPe+OZ33vcZheOyo2RdrvWzQvj3RzZc6sHTafGwbqEG2G4pA@mail.gmail.com>
Well done, your bip looks well presented for discussion. You say to
number each satoshi created? For a 50 BTC block reward that is
5,000,000,000 ordinal numbers, and when some BTC is transferred to
another UTXO how do you determine which ordinal numbers, say if I create
a transaction to pay-to another UTXO. The system sounds expensive
eventually to cope with approximately 2,100,000,000,000,000 ordinals. If
I understand ordinals 0 to 5,000,000,000 as assigned to the first
Bitcoin created from mining block-reward. Say if I send some Bitcoin to
another UTXO then first-in-first-out algorithm splits those up to assign
1 to 100,000,000 to the 1 BTC that I sent, and 100,000,001 to
5,000,000,000 are assigned to the change plus if any fee?-DA.
On 2022-02-23 11:43, Casey Rodarmor via bitcoin-dev wrote:
> Briefly, newly mined satoshis are sequentially numbered in the order
> in
> which they are mined. These numbers are called "ordinal numbers" or
> "ordinals". When satoshis are spent in a transaction, the input
> satoshi
> ordinal numbers are assigned to output satoshis using a simple
> first-in-first-out algorithm.
next prev parent reply other threads:[~2022-02-23 7:10 UTC|newest]
Thread overview: 15+ messages / expand[flat|nested] mbox.gz Atom feed top
2022-02-23 0:43 Casey Rodarmor
2022-02-23 7:02 ` damian [this message]
2022-02-23 7:10 ` Casey Rodarmor
2022-02-23 7:24 ` damian
2022-02-23 7:31 ` Casey Rodarmor
2022-02-24 2:34 ` damian
2022-02-24 15:55 ` Billy Tetrud
2022-02-24 21:03 ` Casey Rodarmor
2022-02-25 4:59 ` Billy Tetrud
2022-02-25 11:17 ` AdamISZ
2022-02-25 15:56 ` Billy Tetrud
2022-02-24 7:02 ` vjudeu
2022-02-24 7:17 ` Casey Rodarmor
2022-02-24 17:52 vjudeu
2022-02-24 21:02 ` Casey Rodarmor
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