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authorLuke-Jr <luke@dashjr.org>2013-06-06 20:07:38 +0000
committerbitcoindev <bitcoindev@gnusha.org>2013-06-06 20:07:52 +0000
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Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks
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+From: "Luke-Jr" <luke@dashjr.org>
+To: "Andreas M. Antonopoulos" <andreas@rooteleven.com>
+Date: Thu, 6 Jun 2013 20:07:38 +0000
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+Cc: bitcoin-development@lists.sourceforge.net
+Subject: Re: [Bitcoin-development] Proposal: soft-fork to make
+ anyone-can-spend outputs unspendable for 100 blocks
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+On Thursday, June 06, 2013 7:59:16 PM Andreas M. Antonopoulos 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?
+
+This doesn't work like you might think: first of all, the fees today are
+greatly subsidized - the actual cost to store data in the blockchain is much
+higher than most storage solutions. Secondly, only the miner receives the
+fees, not the majority of nodes which have to bear the burden of the data.
+That is, the fee system is setup as an antispam/deterrant, not as payment for
+storage.
+
+> 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.
+
+Not the same thing at all; nobody is forced to store/relay video/voice/images
+without reimbursement. On the other hand, any full Bitcoin node is required to
+at least download the entire blockchain once. And the network as a whole
+suffers if nodes decide to start not-storing parts of the blockchain they
+don't want to deal with.
+
+> 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.
+
+This is how merged mining solves the problem. A single extra hash in the
+coinbase can link the bitcoin blockchain up with unlimited other data.
+
+> 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?
+
+See above.
+
+> I could be totally misreading this thread, too, so please allow me some
+> slack if I have!
+>
+> On Thu, Jun 6, 2013 at 12:14 PM, Luke-Jr <luke@dashjr.org> 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
+> >
+> >
+> > -------------------------------------------------------------------------
+> > ----- How ServiceNow helps IT people transform IT departments:
+> > 1. A cloud service to automate IT design, transition and operations
+> > 2. Dashboards that offer high-level views of enterprise services
+> > 3. A single system of record for all IT processes
+> > http://p.sf.net/sfu/servicenow-d2d-j
+> > _______________________________________________
+> > Bitcoin-development mailing list
+> > Bitcoin-development@lists.sourceforge.net
+> > https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+
+