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authorPieter Wuille <pieter.wuille@gmail.com>2011-09-24 01:15:48 +0200
committerbitcoindev <bitcoindev@gnusha.org>2011-09-23 23:16:03 +0000
commit44e8dcd266e7d7ba67e0641f0abe6c1fa6e5ed01 (patch)
tree286b25c69d7ea43416a27ec655471ad8dfe3dce0 /73
parent4444e8088c67890e16ea53d6d332211ec67a09db (diff)
downloadpi-bitcoindev-44e8dcd266e7d7ba67e0641f0abe6c1fa6e5ed01.tar.gz
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Re: [Bitcoin-development] Beyond IP transactions: towards a bitcoin payment protocol
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+From: Pieter Wuille <pieter.wuille@gmail.com>
+To: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
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+Subject: Re: [Bitcoin-development] Beyond IP transactions: towards a bitcoin
+ payment protocol
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+
+On Fri, Sep 23, 2011 at 12:38:48PM -0500, kjj wrote:
+> Pieter Wuille wrote:
+> >Hello everyone,
+> >
+> >here is an idea i've bean writing up: https://gist.github.com/1237788
+> >
+> >I hope it can start some discussion about moving away from static bitcoin addresses
+> >as descriptions for transactions. I suppose it's a candidate for a BIP/BEPS/BFC/...,
+> >but as things don't seem to have been decided completely about those, I put it in a
+> >Gist.
+> >
+> >Please, comment.
+> >
+> This may just be me, but this really looks like an incredibly
+> convoluted way to solve a bunch of problems that aren't really
+> problems. The central issue that I see, is that you assume that
+> there is no out of band channel, as if people were just sending
+> transactions to addresses that came to them in a dream.
+>
+> I think that this assumption is only true when it doesn't matter.
+> For example, I have a donation link in my sig on the forums. I
+> don't care much who sends to it, or why, and I certainly don't need
+> annotations or a refund address. The rest of the time, payments are
+> sent to addresses that already have sufficient context.
+
+Well, I agree, this scheme is not (primarily) intended to be a solution
+for people who want to accept anonymous donations; static addresses
+work very well for that application (unless you want unlinkability
+between different payments).
+
+Let me try to explain what I do want to accomplish.
+
+What current addresses are, is a reference to a public key. The way they
+are used is as a template for a transaction. If you do not need complex
+transactions, this suffices indeed, given that all other negotiation about
+the payment occurs out-of-band already (e.g., a webshop interface that
+after clicking 'pay' gives you a freshly generated bitcoin address and
+stores it so it can track your payment).
+
+What I want to do is to standardize part of that out-of-band communication
+inside a protocol. The first observation is that if you want a freshly
+negotiated key each time, some form of bidirectional communication is
+necessary anyway, and a static txout template does not suffice anymore.
+If you're doing bidirectional communication, you are no longer limited
+by the space constraints of something by-human-copy-pastable, and you can
+just negotiate the txout directly, which transparently adds support for
+anything that is possible through bitcoin scripts.
+
+So far, the creation of transactions is "solved". However, by asking nodes
+not to broadcast their transaction, but instead just send it back (we're
+communicating with some other party already anyway, and this other party
+is the one who cares about the tx being accepted), the receiver can track
+it as well. Furthermore, by passing tags along, identification of
+transactions becomes a lot easier. As a extra advantage, this makes the
+requirements for a client easier as well (it doesn't need to be a p2p
+node).
+
+The third step is adding signatures to authenticate the whole process.
+They are necessary to make sure the client is communicating with who he
+thinks he is, but by using them for the submission of the transaction as
+well, it gives the client a proof of payment acceptance too.
+
+Summarized: addresses are a limited method for defining payments, and as
+soon as you move to a protocol instead of a static template, a lot of
+possibilities open up.
+
+--
+Pieter
+
+