From: "Warren Togami Jr." <wtogami@gmail•com>
To: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] On OP_RETURN in upcoming 0.9 release
Date: Fri, 28 Feb 2014 04:42:14 -1000 [thread overview]
Message-ID: <CAEz79Po37XkoQ=+kQOTdagVn-vYuqYwotQf58YcgTndaaAmXNw@mail.gmail.com> (raw)
In-Reply-To: <20140228052523.GO3180@nl.grid.coop>
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On Thu, Feb 27, 2014 at 7:25 PM, Troy Benjegerdes <hozer@hozed•org> wrote:
>
> Either the transaction fees are sufficient to pay the cost for whatever
> random junk anyone wants to put there, or they are not, and if they are
> not, then I suggest you re-think the fee structure rather than trying
> to pre-regulate me putting 80 character pithy quotes in the blockhain.
>
>
https://github.com/litecoin-project/litecoin/commit/db4d8e21d99551bef4c807aa1534a074e4b7964d
In one way in particular, the transaction fees per kilobyte completely
failed to account for the actual cost to the network. If Bitcoin had
adopted a common-sense rule like this, I would have had no reason to join
Litecoin development last year. This is one of the few economic design
flaws that Satoshi overlooked in the original design.
As much as I personally hate the idea of data storage in the blockchain,
this at least discourages the creation of permanent UTXO.
Warren Togami
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next prev parent reply other threads:[~2014-02-28 14:42 UTC|newest]
Thread overview: 19+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-02-24 16:03 Jeff Garzik
2014-02-24 16:16 ` Pieter Wuille
2014-02-24 16:32 ` Jeff Garzik
2014-02-24 16:33 ` Jeff Garzik
2014-02-24 16:39 ` Wladimir
2014-02-24 16:45 ` Gavin Andresen
2014-02-24 16:50 ` Pavol Rusnak
2014-02-24 17:23 ` Mark Friedenbach
2014-02-24 23:06 ` Andreas Petersson
2014-02-24 23:13 ` Gregory Maxwell
2014-02-24 23:13 ` Luke-Jr
2014-02-28 5:25 ` Troy Benjegerdes
2014-02-28 14:42 ` Warren Togami Jr. [this message]
2014-02-28 19:25 ` Mark Friedenbach
2014-02-28 19:36 ` Justus Ranvier
2014-02-28 20:10 ` Drak
2014-02-24 17:10 ` Jeff Garzik
2014-02-24 22:12 ` Jeremy Spilman
2014-02-24 22:50 ` Jeff Garzik
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