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authorPeter Todd <pete@petertodd.org>2015-06-08 18:28:16 -0400
committerbitcoindev <bitcoindev@gnusha.org>2015-06-08 22:28:34 +0000
commita16f06277c67a07969dab27ec29f4112c3447eea (patch)
tree50a97cb6bbc4e4c9a7e61872408e3296fa846122
parent14d89186a27790f03ae13b4441f58441493cd299 (diff)
downloadpi-bitcoindev-a16f06277c67a07969dab27ec29f4112c3447eea.tar.gz
pi-bitcoindev-a16f06277c67a07969dab27ec29f4112c3447eea.zip
Re: [Bitcoin-development] New attack identified and potential solution described: Dropped-transaction spam attack against the block size limit
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+Date: Mon, 8 Jun 2015 18:28:16 -0400
+From: Peter Todd <pete@petertodd.org>
+To: Bob McElrath <bob_bitcoin@mcelrath.org>
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+Cc: "Patrick Mccorry \(PGR\)" <patrick.mccorry@newcastle.ac.uk>,
+ Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] New attack identified and potential
+ solution described: Dropped-transaction spam attack against the block size
+ limit
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+On Mon, Jun 08, 2015 at 06:06:00PM -0400, Bob McElrath wrote:
+> There was this wonderful technology invented a few years ago to deal with=
+ spam. It's called Hashcash. All these hacky heuristics like block size are=
+ just dancing around the problem, and the natural solution is already prese=
+nt in bitcoin: smaller blocks, (down to the point of individual transaction=
+s) each mined. Don't relay things that haven't been mined. As spam or trans=
+action levels go up, mining targets for submission go up too.
+
+You know, you can think of Bitcoin as a system that maintains a ledger
+for transferrable hashcash... Which means transaction fees *are* paid in
+hashcash.
+
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