From: Jeff Garzik <jgarzik@bitpay•com>
To: Peter Todd <pete@petertodd•org>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks
Date: Sun, 2 Jun 2013 13:35:10 -0400 [thread overview]
Message-ID: <CAJHLa0OEUfsZX5caF-urE+Tu9tpgf9xuVjskfoEC8nXO2yZ4ow@mail.gmail.com> (raw)
In-Reply-To: <20130602061327.GA14148@savin>
On Sun, Jun 2, 2013 at 2:13 AM, Peter Todd <pete@petertodd•org> wrote:
> I'd say we tell people to sacrifice to (provably) unspendable for now
> and do a soft-fork later if there is real demand for this stuff in the
> future.
That seems fair.
In general, people are actively bloating the UTXO set with unspendable
outputs (that cannot be 100% proven unspendable). Provably
unspendable seems like an improvement on long term UTXO health.
It is a fair criticism that this inches the incentives, a bit, towards
timestamping and other non-currency uses. But those uses (a) cannot
be prevented and (b) have already been automated anyway (e.g. the
python upload/download tools stored in-chain).
I do think the overwhelming majority of users are invested in
bitcoin-the-currency (or bitcoin-the-commodity, take your pick), i.e.
the value proposition. That's our 98% use case. Given the relative
volumes of traffic, timestamping/data storage/messaging is essentially
getting a free ride. So IMO it is worth continuing to explore
/disincentives/ for use of the blockchain for data storage and
messaging, for the rare times where a clear currency-or-data-storage
incentive is available.
--
Jeff Garzik
Senior Software Engineer and open source evangelist
BitPay, Inc. https://bitpay.com/
next prev parent reply other threads:[~2013-06-02 17:35 UTC|newest]
Thread overview: 22+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-06-01 19:30 Peter Todd
[not found] ` <201306012034.31543.luke@dashjr.org>
2013-06-01 20:58 ` Peter Todd
[not found] ` <38A06794-B6B4-45F3-99C1-24B08434536D@gmail.com>
2013-06-02 6:13 ` Peter Todd
2013-06-02 17:35 ` Jeff Garzik [this message]
2013-06-02 18:41 ` Peter Todd
2013-06-04 0:22 ` Mark Friedenbach
2013-06-02 21:45 ` Adam Back
2013-06-04 14:12 ` Jeff Garzik
2013-06-04 14:55 ` John Dillon
2013-06-04 17:42 ` Jeff Garzik
2013-06-04 18:36 ` Roy Badami
2013-06-04 18:49 ` Jeff Garzik
2013-06-04 20:25 ` Peter Todd
2013-06-03 23:43 ` Melvin Carvalho
2013-06-04 2:26 ` Michael Hendricks
2013-06-06 19:14 Luke-Jr
2013-06-06 19:59 ` Andreas M. Antonopoulos
2013-06-06 20:07 ` Luke-Jr
2013-06-06 20:16 ` Andreas M. Antonopoulos
2013-06-06 21:48 ` Luke-Jr
2013-06-06 22:10 ` Melvin Carvalho
2013-06-06 20:25 ` Melvin Carvalho
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