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authorLuke Dashjr <luke@dashjr.org>2017-03-15 04:03:40 +0000
committerbitcoindev <bitcoindev@gnusha.org>2017-03-15 04:03:57 +0000
commit852492c70b0f8563bbe459c436dcb5edc77cdf43 (patch)
tree4838902a3fe64def8789627ff9a7c15b88f9a1f0
parent31ebda8372b4e10f99ccb3ac290ba9828dfa6162 (diff)
downloadpi-bitcoindev-852492c70b0f8563bbe459c436dcb5edc77cdf43.tar.gz
pi-bitcoindev-852492c70b0f8563bbe459c436dcb5edc77cdf43.zip
[bitcoin-dev] Payment address tokens
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+I've put together a fairly incomplete BIP draft for a new stateless address
+format that aims to address the many shortcomings of current addresses,
+including:
+- Current addresses special-case specific transaction types, and have needed
+ sender-side upgrades for new types.
+- Outputs are produced which cannot be distinguished from disguised data
+ storage, making spam detection harder.
+- Privacy is severely harmed by reuse of addresses.
+- Funds can be lost due to (accidental or intentional) reuse of very old
+ addresses.
+
+https://github.com/luke-jr/bips/blob/bip-genaddr/bip-genaddr.mediawiki
+
+A downside of this approach is that parsing addresses to outputs can be
+complicated, but this is resolvable by writing libraries for popular
+languages.
+
+Thoughts on how it might be improved, before I get too deep into the current
+design?
+
+Luke
+