Subject: Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

From: Melvin Carvalho <[email-masked]>
Date: Thu, 6 Jun 2013 22:25:54 +0200

On 6 June 2013 21:59, Andreas M. Antonopoulos <[email-masked]>wrote:

> Is there any consideration given to the fact that bitcoin can operate as a
> platform for many other services, if it is able to be neutral to payload,
> as long as the fee is paid for the transaction size?
>
> Unless I have misunderstood this discussion, it seems to me that this is a
> bit like saying in 1990 "IP Is only for email, the majority of users want
> email, we shouldn't allow video, voice or images". Ooops, there goes the
> web.
>
> Is it possible to solve this by solving the issue of provably un-spendable
> outputs without foreclosing on the possibility of other types of
> transaction payloads (ie, not money), that would open the possibility for a
> myriad of layered apps above? For example, hashes of content that is
> external to bitcoin, that people want to pay to have timestamped in the
> blockchain, as provably unspendable outputs.
>
> The social compact is to accept transaction for fee. I think it is a major
> mistake to make decisions that discriminate on the content of the
> transaction, saying that some uses are not appropriate. If the fee is paid
> and it covers the size of the transaction, why would it matter if it is not
> a payment?
>
> I could be totally misreading this thread, too, so please allow me some
> slack if I have!
>

+1 we're still early into the bitcoin story ... unexpected reuse should not
be ruled out ...

>
>
>
>
> On Thu, Jun 6, 2013 at 12:14 PM, Luke-Jr <[email-masked]> wrote:
>
>> On Saturday, June 01, 2013 7:30:36 PM Peter Todd wrote:
>> > scriptPubKey: <data> OP_TRUE
>> >
>> > ...
>> > Along with that change anyone-can-spend outputs should be make
>> IsStandard()
>> > so they will be relayed.
>>
>> Data does not belong in the blockchain. People running nodes have all
>> implicitly agreed to store the blocks for financial purposes, and storing
>> data
>> is a violation of that social contract. Proof-of-stake may be arguably
>> financial, but I'm sure there must be a way to do it without spamming
>> people
>> against their consent.
>>
>> > The alternative is sacrifices to unspendable outputs, which is very
>> > undesirable compared to sending the money to miners to further
>> > strengthen the security of the network.
>>
>> The alternative is to make other standard outputs unable to store data as
>> well.
>>
>> Luke
>>
>>
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