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authorJeff Garzik <jgarzik@bitpay.com>2013-06-04 13:42:53 -0400
committerbitcoindev <bitcoindev@gnusha.org>2013-06-04 17:42:59 +0000
commit2f2a1cdf982713d79e6bb2826a4916ab54a266b3 (patch)
tree873c2c4a2c2db113a65957d68bf8fcc0217bc039
parent639d4516312faff6af129a8feb9950431726455b (diff)
downloadpi-bitcoindev-2f2a1cdf982713d79e6bb2826a4916ab54a266b3.tar.gz
pi-bitcoindev-2f2a1cdf982713d79e6bb2826a4916ab54a266b3.zip
Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks
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+Date: Tue, 4 Jun 2013 13:42:53 -0400
+Message-ID: <CAJHLa0PRNxS7K3YeCx_eXkZQdO8vOCefuGyXMXD7ESq0QEhr+g@mail.gmail.com>
+From: Jeff Garzik <jgarzik@bitpay.com>
+To: John Dillon <john.dillon892@googlemail.com>
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+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
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+
+On Tue, Jun 4, 2013 at 10:55 AM, John Dillon
+<john.dillon892@googlemail.com> wrote:
+>> I'm one of the people experimenting in this area. I've long argued
+>> that a zero-output transaction should be permitted -- 100% miner fee
+>> -- as an elegant proof of sacrifice. Unfortunately that requires a
+>> hard fork. Also, for most people, it seems likely that a change
+>> transaction would be generated. That, then, would generate an
+>> already-standard transaction, where inputs > outputs.
+>
+> 100% miner fee is not a proof of anything because the miner could have created
+> that transaction for themselves. You must have proof that all miners had an
+> equal opportunity at collecting the fee, and the only way to do that is by
+> Peter's announce-commit protocol, or his unspendable until after n blocks
+> proposal.
+
+Absolutely. It wholly depends on the security model, and
+economic-incentives model. Some use models simply don't care if the
+miner created a transaction that gave the fee to themselves. It might
+even be /encouraged/ to do this! Sure they are paying themselves, but
+given bitcoin network difficulty is so high, simply obtaining
+payments-go-myself-as-miner transactions is itself difficult.
+Producing an identity (my goal) or whatever is just fine, and in such
+case becomes simply an additional block reward -- an additional
+incentive to buy into this identity creation/management system.
+
+Or exchange "identity" with another token, for another data service of
+your choice.
+
+This is no longer a strict "proof of sacrifice" system, if such
+behavior is encouraged, but it is nonetheless valid.
+
+--
+Jeff Garzik
+Senior Software Engineer and open source evangelist
+BitPay, Inc. https://bitpay.com/
+
+