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authorPieter Wuille <pieter.wuille@gmail.com>2014-11-17 13:00:07 +0100
committerbitcoindev <bitcoindev@gnusha.org>2014-11-17 12:00:14 +0000
commit43f2234887ec99b3654210634195f91016174345 (patch)
treecd80a50e7fc46d5d08b86c1c5aa8d13cbd1baa1b
parenta22ec9e4aec0df5e82ddc027629698c3daaffd7b (diff)
downloadpi-bitcoindev-43f2234887ec99b3654210634195f91016174345.tar.gz
pi-bitcoindev-43f2234887ec99b3654210634195f91016174345.zip
Re: [Bitcoin-development] Increasing the OP_RETURN maximum payload size
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+Date: Mon, 17 Nov 2014 13:00:07 +0100
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+From: Pieter Wuille <pieter.wuille@gmail.com>
+To: Flavien Charlon <flavien.charlon@coinprism.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Increasing the OP_RETURN maximum payload
+ size
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+
+On Mon, Nov 17, 2014 at 12:43 PM, Flavien Charlon
+<flavien.charlon@coinprism.com> wrote:
+>> My main concern with OP_RETURN is that it seems to encourage people to use
+>> the blockchain as a convenient transport channel
+>
+> The number one user of the blockchain as a storage and transport mechanism
+> is Counterparty, and limiting OP_RETURN to 40 bytes didn't prevent them from
+> doing so. In fact they use multi-sig outputs which is worse than OP_RETURN
+> since it's not always prunable, and yet let them store much more than 40
+> bytes.
+
+It wasn't limited to stop them from using it. It was limited to avoid
+giving others the impression that OP_RETURN was intended for data
+storage. For the intended purpose (making a transaction commit to some
+external data) a 32-byte hash + 8 byte id is more than sufficient.
+
+> For Open Assets, we need to store a URL in the OP_RETURN output (with
+> optionally a hash) plus some bytes of overhead. 40 bytes comes really short
+> for that. The benefit of having a URL in there is that any storage mechanism
+> can be used (Web, FTP, BitTorrent, MaidSafe...), whereas with only a hash,
+> you have to hardcode the storing mechanism in the protocol (and even then, a
+> hash is not enough to address a HTTP or FTP resource). Storing only a hash
+> is fine for the most basic timestamping application, but it's hardly enough
+> to build something interesting.
+
+Do you really need that data published to everyone? You're at the very
+least exposing yourself to censorship, and (depending on the design)
+potentially decreased privacy for your users. I would expect that for
+most colored coin applications, just having the color transfer
+information in external data sent directly to the receiver with
+transactions committing to it should suffice.
+
+--
+Pieter
+
+