Subject: Re: [bitcoin-dev] Forget dormant UTXOs without confiscating bitcoin

From: Peter Todd <[email-masked]>
Date: Sun, 20 Dec 2015 16:35:24 +0000

On 20 December 2015 08:30:45 GMT-08:00, Chris Pacia <[email-masked]> wrote:
>On Dec 20, 2015 6:34 AM, "Jeff Garzik via bitcoin-dev" <
>[email-masked]> wrote:
>
>> 2) This reverses the useful minimization attribute of HD wallets -
>"just
>backup the seed"
>
>It would be nice if the bip37 filter matching algorithm was extended to
>serve up the proof.
>
>And if server-based wallets did the same it would preserve the "just
>backup
>the seed" functionality.

Exactly! The information will be out there - "just backup the seed" requires someone to have the exact same data needed to generate the TXO-unspent proof that my proposal requires to spend an old txout.

tl;dr: jgarzik is incorrect; theres no difference at all from the status quo.