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